Multilayer Ceramic Capacitor Market by Type (Class 1 and Class 2), Application (Electronics, Automotive, Healthcare, and Others): Global Market Size Estimates and Forecast (2022–2030)

Code: BMIRE00025921 | Pages: 100 | Industry: Electronics and Semiconductor | Date: Sep 2022 | Type: Global

The market crossed US$ 13 billion mark in 2022 and is expected to hit US$ 20 billion by 2030, recording a CAGR of 6% during the forecast period.

Multilayer ceramic capacitor market has been significantly growing with the higher adoption of these multilayer ceramic capacitors in various industries.

The major factor driving the multilayer ceramic capacitor market growth is growing demand from the automotive industry due to advent of electric vehicles. In addition, an increasing demand form the telecommunications industry and rising use of multilayer ceramic capacitors in smartphones, smart wearables, and various other electronic devices is driving the market growth. Further, players operating in the market are focusing on extending the product range and serve the growing range of applications. The automotive segment is expected to held the significant share of the market during the forecast period. Further, other segments such as electronics and healthcare are also expected to gain traction during the forecasted year.

Within the report, the market is segmented into type, application, and geography. By type, the market is further segmented into class 1 and class 2. On the basis of application, the market is segmented into electronics, automotive, healthcare, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Strong growth of the consumer electronics industry

Multilayer ceramic capacitors are used in products such as game PCs, video cameras, mobile phones, and others. The consumer electronics industry is growing in various countries across the globe, which is fuelling the multilayer ceramic capacitors market growth. In countries such as India, China, and others, there is a rising demand for different consumer electronics products. Factors contributing to the growing demand for different consumer electronics products are growing disposable income of people, emerging middle class, etc.

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Growing demand from the automotive industry

The automotive industry is one of the major users of multilayer ceramic capacitors. Multilayer ceramic capacitors are an important component for the proper and stable operation of the various electrical and electronic circuits utilized in cars. Automotive-grade multilayer ceramic capacitors have gained popularity in recent years, which is fueling the market growth. The growing use of electronic devices in automobiles, such as engines and powertrains is creating the demand for multilayer ceramic capacitors. The growth in self-driving systems and electric vehicles has led to the advancement of electrification in recent years. With this, the number of multilayer ceramic capacitors installed in one automobile has been rapidly increasing.

Recent strategic developments in multilayer ceramic capacitor market

The multilayer ceramic capacitor market has undergone several significant developments, and a few of these have been mentioned below:

  • In September 2020, TDK Corporation developed new products in its CGA series of multilayer ceramic capacitors (MLCC) for automotive applications. The new CGA series achieves smaller sizes and higher capacitance than the company’s conventional products, allowing a reduction in the number of MLCC components, and enabling space-saving designs.
  • In May 2021, Murata Manufacturing Co., Ltd. has developed the GCM21BC71E106ME36 multilayer ceramic capacitor which has a maximum capacitance of 10uF with a 2012M size and 25V rating for 12V line smoothing applications in automobiles. 

The multilayer ceramic capacitor market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. KEMET Corporation; KYOCERA Corporation; Murata Manufacturing Co., Ltd.; SAMSUNG ELECTRO-MECHANICS; and TAIYO YUDEN CO., LTD. are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Multilayer ceramic capacitor related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Application industries of multilayer ceramic capacitor
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type
    • Class 1
    • Class 2
  • Application
    • Electronic
    • Automotive
    • Healthcare
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • KEMET Corporation
    • KYOCERA Corporation
    • Murata Manufacturing Co., Ltd.
    • SAMSUNG ELECTRO-MECHANICS
    • TAIYO YUDEN CO., LTD.
  • KEMET Corporation
  • KYOCERA Corporation
  • Murata Manufacturing Co., Ltd.
  • SAMSUNG ELECTRO-MECHANICS
  • TAIYO YUDEN CO., LTD.
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