Multi Layer Ceramic Capacitor Market
PUBLISHED: 2023 ID: SMRC22664
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Multi Layer Ceramic Capacitor Market

Multi Layer Ceramic Capacitor Market Forecasts to 2028 - Global Analysis By Type (Array, General Purpose, Mega Cap, Serial Design and Other Types), By Dielectric Type (Class I and Class II), By Rated Voltage (Low Rated Voltage (Upto 50 V), Medium Rated Voltage (100 V-630 V) and High Rated Voltage (1000 V & Above)), By Mounting Type (Surface Mount, Radial Lead, Metal Cap and Other Mounting Types), By Application (Electronics, Manufacturing, Healthcare, Network and Storage Devices, Smartphones, Drive and Powertrains, Computing Devices, Power Converters/Power Supply and Other Applications), By End User (Power and Utility, Telecommunications, Automotive, Industrial Equipment, Transportation, Aerospace and Defense, Data Transmission and Other End Users) and By Geography

4.7 (35 reviews)
4.7 (35 reviews)
Published: 2023 ID: SMRC22664

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $14.0 BN

Projected Year Value (2028)

US $33.8 BN

CAGR (2022 - 2028)

15.8%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Multi Layer Ceramic Capacitor Market is accounted for $14.0 billion in 2022 and is expected to reach $33.8 billion by 2028 growing at a CAGR of 15.8% during the forecast period. Because of their adaptability in terms of size and design, affordability, and resistance to high voltages, MLCCs have special qualities. As a result, they are currently regarded as the most reliable ones. So far, their capacity to combine several components into one unit has been the crucial part that has led to their broad use. Each layer in an MLCC, which contains hundreds of them, functions as an independent component. As a result, there was no requirement for extra circuitry components.

According to the IBEF, in FY 2021, the production of automobiles in India was 22.65 million vehicles. Also, 13 million vehicles were produced during April-October 2021.



Market Dynamics:

Driver:

Increasing demand from the automotive sector

One of the most significant MLCC end customers is the automotive sector. The adoption of automotive-grade MLCCs in recent years is anticipated to drive the growth of the overall MLCC industry. The demand for multilayer ceramic capacitors is accelerating due to the growing use of electronic components in automotive systems such as engines, powertrains, and infotainment systems. Miniaturization of components, capacitance improvements, and enhancements to safety measures are all necessary because of the automobile industry's continuous advancements.

Restraint:

Advanced micro-level technical competence required for developing MLCCs

The multilayer ceramic capacitor, one of the simplest electronic parts, has 500 to 600 dielectric and electrode layers, making it a high-tech device. Comparing MLCCs to other passive chip components, MLCC manufacturing and lamination technique are the most complicated. The core technique used to produce reliable and precise MLCCs is the compact stacking of several dielectric layers. The reason for the multilayering is that the ability to store more electricity increases with the number of layers stacked.

Opportunity:

Rise in internet of things (IoT)

The emergence of the Internet of Things (IoT) is enabling a wide range of commercial opportunities. High-capacitance MLCCs are the optimal option for IoT devices because of their inherent reliability and long service life. Low equivalent series resistance (ESR) and inductance are characteristics of MLCCs, which have a proven mean time to failure (MTTF) ranging from 10,000 to more than 1,000,000 hours (ESL). IoT devices integrate smart wearables, home appliances, security cameras, entertainment systems, and other smart gadgets into automobile infotainment systems.

Threat:

Miniaturization of MLCCs

The trend towards smaller and lighter electrical products and components has MLCC manufacturers constantly exploring new ways to push the MLCC architecture's limits. More performance is required even when devices get smaller because capacitors are designed to have lower losses and offer even higher efficiency. When this occurs, even the simplest security devices, such as bank cards and sophisticated patient monitoring systems, frequently include ultra-thin MLCCs. A high-performance, adaptable, and user-friendly 5G-enabled smartphone of the suitable dimensions also requires the downsizing of MLCCs. On the other hand, manufacturers of electronic components cannot simply accelerate the downsizing of MLCCs.

Covid-19 Impact:

Export-oriented economies experienced significant impacts because of the COVID-19 outbreak and spread since industrial facilities had to shut down in 2020. Due to delays in 5G base station deployments, the production and launch of new EVs, and connected vehicle innovations, it hindered the growth of the MLCC industry. The increased demand for MLCCs from the end-user industries of electronics and telecommunications, however, mitigated the pandemic crisis's adverse effects on the expansion of the MLCC market.

The class II segment is expected to be the largest during the forecast period

Since the emergence of ADAS (advanced driver assistance systems), the rise of autonomous vehicles, and the rapid development of connected vehicles are attributed to the increasing deployment of Class II dielectric type MLCCs in the automotive industry, the Class II segment currently holds the largest share of the market and is anticipated to continue holding this position throughout the forecast period. The number of MLCCs deployed rises as more vehicles switch from internal combustion engines (ICE) to battery electric vehicles (BEV), frequently by a factor of five or more.

The automotive segment is expected to have the highest CAGR during the forecast period

Due to the rising use of multilayer ceramic capacitors in automotive electronic components including powertrains, vehicle frames, and infotainment devices, the automotive segment is anticipated to develop at the highest CAGR over the forecast period. A number of manufacturers have encouraged the development of MLCCs specifically designed for automotive applications with a wide range of voltage options, case sizes, and capacitance values. As a result, the MLCCs employed in the sector can resist temperatures of 150 °C or more. However, the amount of data processed in Level 3 autonomous driving compared to Level 1 increases up to 100 times with the advent of connected electronics and autonomous vehicles. Moreover, the battery voltage in EVs rises to 600–1000 V.

Region with largest share:

Throughout the projected period, Asia-Pacific is anticipated to hold the largest share of the market for multilayer ceramic capacitors. The number of MLCCs utilised per vehicle in the Asia Pacific region is anticipated to grow rapidly as more vehicles switch from internal combustion engines (ICEs) to battery electric vehicles (BEVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs). Furthermore, the commercial launch of 5G communication technology has increased demand for MLCCs with high reliability and speed.

Region with highest CAGR:

As China has been the largest automotive sector worldwide and is rapidly developing into a technological powerhouse, Asia Pacific is anticipated to have the highest CAGR in the multilayer ceramic capacitor market over the projected period. The nation's flexibility toward technological advancement could have a significant impact on the automotive sector in the future. Due to initiatives like "Made in China 2025," China is additionally anticipated to have a massive expansion in the automation and industrial sectors with the introduction of Industry 4.0. Additionally, the rise of MLCC vendors has huge potential in the Indian automobile sector.



Key players in the market

Some of the key players in Multi Layer Ceramic Capacitor market include Murata Manufacturing Co. Ltd, Kyocera Corporation, Walsin Technology Corporation, Taiyo Yuden Co. Ltd, Yageo Corporation, Samsung Electro-Mechanics Co. Ltd, TDK Corporation, Eyang Holdings Group Co. Ltd, Vishay Intertechnology Inc., KEMET Corporation, API Technologies, Knowles Corporation and Wurth Elektronik Group.

Key Developments:

In April 2022, Yageo Corporation expanded its 01005 commercial high-frequency grade MLCC product range and capacity for X7R, X5R, and NPO to meet the demand for the miniaturization of components in end electronic devices.

In February 2022, Taiyo Yuden (USA) Inc. formed a joint venture with TTI Inc. This arrangement allows Taiyo Yuden to deepen its relationships with its existing customers while expanding its sales channels into new markets, allowing businesses from various industries to speed up the development of electronic devices.

In December 2021, Murata Manufacturing Co. Ltd manufactured the GCM31CC71C226ME36 multi-layer ceramic capacitor for automotive powertrain and safety applications. This capacitor has the highest capacitance of 22 F for MLCCs in the 1206-inch (3.2 1.6 mm) size and a 16V voltage rating.

Types Covered:
• Array
• General Purpose
• Mega Cap
• Serial Design
• Other Types

Dielectric Types Covered:
• Class I
• Class II

Rated Voltages Covered:
• Low Rated Voltage (Upto 50 V)
• Medium Rated Voltage (100 V-630 V)
• High Rated Voltage (1000 V & Above)

Mounting Types Covered:
• Surface Mount
• Radial Lead
• Metal Cap
• Other Mounting Types

Applications Covered:
• Electronics
• Manufacturing
• Healthcare
• Network and Storage Devices
• Smartphones
• Drive and Powertrains
• Computing Devices
• Power Converters/Power Supply
• Other Applications

End Users Covered:
• Power and Utility
• Telecommunications
• Automotive
• Industrial Equipment
• Transportation
• Aerospace and Defense
• Data Transmission
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Multi Layer Ceramic Capacitor Market, By Type
5.1 Introduction
5.2 Array
5.3 General Purpose
5.4 Mega Cap
5.5 Serial Design
5.6 Other Types

6 Global Multi Layer Ceramic Capacitor Market, By Dielectric Type
6.1 Introduction
6.2 Class I
6.2.1 C0G (NP0)
6.2.2 X8G
6.2.3 U2J
6.2.4 Other Class I
6.3 Class II
6.3.1 X7R
6.3.2 X5R
6.3.3 Y5V
6.3.4 X7S
6.3.5 Other Class II

7 Global Multi Layer Ceramic Capacitor Market, By Rated Voltage
7.1 Introduction
7.2 Low Rated Voltage (Upto 50 V)
7.3 Medium Rated Voltage (100 V-630 V)
7.4 High Rated Voltage (1000 V & Above)

8 Global Multi Layer Ceramic Capacitor Market, By Mounting Type
8.1 Introduction
8.2 Surface Mount
8.3 Radial Lead
8.4 Metal Cap
8.5 Other Mounting Types

9 Global Multi Layer Ceramic Capacitor Market, By Application
9.1 Introduction
9.2 Electronics
9.2.1 Consumer Electronics
9.3 Manufacturing
9.4 Healthcare
9.5 Network and Storage Devices
9.6 Smartphones
9.7 Drive and Powertrains
9.8 Computing Devices
9.9 Power Converters/Power Supply
9.10 Other Applications

10 Global Multi Layer Ceramic Capacitor Market, By End User
10.1 Introduction
10.2 Power and Utility
10.3 Telecommunications
10.4 Automotive
10.5 Industrial Equipment
10.6 Transportation
10.7 Aerospace and Defense
10.8 Data Transmission
10.9 Other End Users

11 Global Multi Layer Ceramic Capacitor Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa

12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies

13 Company Profiling
13.1 Murata Manufacturing Co. Ltd
13.2 Kyocera Corporation
13.3 Walsin Technology Corporation
13.4 Taiyo Yuden Co. Ltd
13.5 Yageo Corporation
13.6 Samsung Electro-Mechanics Co. Ltd
13.7 TDK Corporation
13.8 Eyang Holdings Group Co. Ltd
13.9 Vishay Intertechnology Inc.
13.10 KEMET Corporation
13.11 API Technologies
13.12 Knowles Corporation
13.13 Wurth Elektronik Group

List of Tables
1 Global Multi Layer Ceramic Capacitor Market Outlook, By Region (2020-2028) ($MN)
2 Global Multi Layer Ceramic Capacitor Market Outlook, By Type (2020-2028) ($MN)
3 Global Multi Layer Ceramic Capacitor Market Outlook, By Array (2020-2028) ($MN)
4 Global Multi Layer Ceramic Capacitor Market Outlook, By General Purpose (2020-2028) ($MN)
5 Global Multi Layer Ceramic Capacitor Market Outlook, By Mega Cap (2020-2028) ($MN)
6 Global Multi Layer Ceramic Capacitor Market Outlook, By Serial Design (2020-2028) ($MN)
7 Global Multi Layer Ceramic Capacitor Market Outlook, By Other Types (2020-2028) ($MN)
8 Global Multi Layer Ceramic Capacitor Market Outlook, By Dielectric Type (2020-2028) ($MN)
9 Global Multi Layer Ceramic Capacitor Market Outlook, By Class I (2020-2028) ($MN)
10 Global Multi Layer Ceramic Capacitor Market Outlook, By C0G (NP0) (2020-2028) ($MN)
11 Global Multi Layer Ceramic Capacitor Market Outlook, By X8G (2020-2028) ($MN)
12 Global Multi Layer Ceramic Capacitor Market Outlook, By U2J (2020-2028) ($MN)
13 Global Multi Layer Ceramic Capacitor Market Outlook, By Other Class I (2020-2028) ($MN)
14 Global Multi Layer Ceramic Capacitor Market Outlook, By Class II (2020-2028) ($MN)
15 Global Multi Layer Ceramic Capacitor Market Outlook, By X7R (2020-2028) ($MN)
16 Global Multi Layer Ceramic Capacitor Market Outlook, By X5R (2020-2028) ($MN)
17 Global Multi Layer Ceramic Capacitor Market Outlook, By Y5V (2020-2028) ($MN)
18 Global Multi Layer Ceramic Capacitor Market Outlook, By X7S (2020-2028) ($MN)
19 Global Multi Layer Ceramic Capacitor Market Outlook, By Other Class II (2020-2028) ($MN)
20 Global Multi Layer Ceramic Capacitor Market Outlook, By Rated Voltage (2020-2028) ($MN)
21 Global Multi Layer Ceramic Capacitor Market Outlook, By Low Rated Voltage (Upto 50 V) (2020-2028) ($MN)
22 Global Multi Layer Ceramic Capacitor Market Outlook, By Medium Rated Voltage (100 V-630 V) (2020-2028) ($MN)
23 Global Multi Layer Ceramic Capacitor Market Outlook, By High Rated Voltage (1000 V & Above) (2020-2028) ($MN)
24 Global Multi Layer Ceramic Capacitor Market Outlook, By Mounting Type (2020-2028) ($MN)
25 Global Multi Layer Ceramic Capacitor Market Outlook, By Surface Mount (2020-2028) ($MN)
26 Global Multi Layer Ceramic Capacitor Market Outlook, By Radial Lead (2020-2028) ($MN)
27 Global Multi Layer Ceramic Capacitor Market Outlook, By Metal Cap (2020-2028) ($MN)
28 Global Multi Layer Ceramic Capacitor Market Outlook, By Other Mounting Types (2020-2028) ($MN)
29 Global Multi Layer Ceramic Capacitor Market Outlook, By Application (2020-2028) ($MN)
30 Global Multi Layer Ceramic Capacitor Market Outlook, By Electronics (2020-2028) ($MN)
31 Global Multi Layer Ceramic Capacitor Market Outlook, By Consumer Electronics (2020-2028) ($MN)
32 Global Multi Layer Ceramic Capacitor Market Outlook, By Manufacturing (2020-2028) ($MN)
33 Global Multi Layer Ceramic Capacitor Market Outlook, By Healthcare (2020-2028) ($MN)
34 Global Multi Layer Ceramic Capacitor Market Outlook, By Network and Storage Devices (2020-2028) ($MN)
35 Global Multi Layer Ceramic Capacitor Market Outlook, By Smartphones (2020-2028) ($MN)
36 Global Multi Layer Ceramic Capacitor Market Outlook, By Drive and Powertrains (2020-2028) ($MN)
37 Global Multi Layer Ceramic Capacitor Market Outlook, By Computing Devices (2020-2028) ($MN)
38 Global Multi Layer Ceramic Capacitor Market Outlook, By Power Converters/Power Supply (2020-2028) ($MN)
39 Global Multi Layer Ceramic Capacitor Market Outlook, By Other Applications (2020-2028) ($MN)
40 Global Multi Layer Ceramic Capacitor Market Outlook, By End User (2020-2028) ($MN)
41 Global Multi Layer Ceramic Capacitor Market Outlook, By Power and Utility (2020-2028) ($MN)
42 Global Multi Layer Ceramic Capacitor Market Outlook, By Telecommunications (2020-2028) ($MN)
43 Global Multi Layer Ceramic Capacitor Market Outlook, By Automotive (2020-2028) ($MN)
44 Global Multi Layer Ceramic Capacitor Market Outlook, By Industrial Equipment (2020-2028) ($MN)
45 Global Multi Layer Ceramic Capacitor Market Outlook, By Transportation (2020-2028) ($MN)
46 Global Multi Layer Ceramic Capacitor Market Outlook, By Aerospace and Defense (2020-2028) ($MN)
47 Global Multi Layer Ceramic Capacitor Market Outlook, By Data Transmission (2020-2028) ($MN)
48 Global Multi Layer Ceramic Capacitor Market Outlook, By Other End Users (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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