Multilayer Ceramic Capacitor Market
Multilayer Ceramic Capacitor Market Forecasts to 2032 - Global Analysis By Type (General-Purpose MLCCs, High-Reliability MLCCs and Low-ESR MLCCs), Equipment Type, Voltage, Mounting, Application, End User and By Geography
|
Years Covered |
2024-2032 |
|
Estimated Year Value (2025) |
US $11.7 BN |
|
Projected Year Value (2030) |
US $20.4 BN |
|
CAGR (2025- 2032) |
8.2% |
|
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 |
North America |
According to Stratistics MRC, the Global Multilayer Ceramic Capacitor Market is accounted for $11.7 billion in 2025 and is expected to reach $20.4 billion by 2032 growing at a CAGR of 8.2% during the forecast period. Multilayer Ceramic Capacitor (MLCC) is an essential electronic component that stores and regulates electrical energy. Constructed with multiple layers of ceramic and metal electrodes, it provides high capacitance in a compact form. MLCCs are widely used in circuits for filtering, decoupling, and noise suppression due to their stability, reliability, and efficiency. They support high-frequency operations and withstand voltage fluctuations, making them ideal for consumer electronics, automotive, and industrial applications. As advancements in miniaturization and materials progress, MLCCs continue to enhance the performance of modern electronic devices, ensuring optimal functionality while maintaining durability and energy efficiency.
Market Dynamics:
Driver:
Increasing adoption in advanced driver-assistance systems (ADAS)
As automotive technology evolves, the demand for highly reliable capacitors that support real-time processing and enhanced safety features is expanding. These capacitors play a crucial role in stabilizing electronic circuits, ensuring consistent power delivery and signal integrity. With the rise of autonomous and connected vehicles, the adoption of MLCCs is expected to surge, supporting innovations in intelligent transportation systems.
Restraint:
High dependency on raw materials and price volatility
The production of MLCCs is highly reliant on specific raw materials, including rare earth elements and ceramic compounds, making manufacturers vulnerable to price fluctuations. Any disruption in the supply chain, whether due to geopolitical tensions or resource constraints, can impact production costs and availability. Additionally, sourcing high-quality materials while maintaining competitive pricing remains a challenge for industry players.
Opportunity:
Increasing applications in industrial automation and robotics
Multilayer ceramic capacitors offer superior reliability, miniaturization, and high-frequency performance, making them ideal for advanced robotic systems and smart factory operations. As industries transition towards automation-driven workflows, the demand for MLCCs is rising to support precision control and high-efficiency power management. The integration of AI and IoT in manufacturing is further fueling innovation, boosting the need for durable and efficient capacitors.
Threat:
Economic downturns and fluctuations in end-market demand
Economic downturns can result in reduced investments in electronics manufacturing, directly impacting MLCC demand. Additionally, volatility in industries such as automotive and consumer electronics can lead to unpredictable demand cycles, affecting revenue stability for manufacturers. The uncertainty surrounding global trade policies and inflationary pressures further adds complexity to market forecasting and business strategies.
Covid-19 Impact:
The COVID-19 pandemic had a multifaceted effect on the MLCC market, altering supply chains and consumer behaviors. While initial disruptions led to shortages due to manufacturing halts and logistical challenges, the crisis also accelerated digitalization across multiple industries. Increased reliance on remote communication, medical devices, and home automation spurred demand for electronic components, including MLCCs. However, raw material scarcity and transportation constraints posed hurdles, delaying production schedules.
The general-purpose MLCCs segment is expected to be the largest during the forecast period
The general-purpose MLCCs segment is expected to account for the largest market share during the forecast period due to their extensive applications across consumer electronics, automotive, and industrial sectors. Their cost-effectiveness, versatility, and reliability make them indispensable in circuit designs for smartphones, laptops, and home appliances. Additionally, continuous improvements in manufacturing techniques are enhancing their efficiency, further strengthening market adoption.
The decoupling capacitors segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the decoupling capacitors segment is predicted to witness the highest growth rate driven by their critical role in noise reduction and stable power distribution in electronic circuits. As electronic systems become more complex with increasing power density, the demand for decoupling capacitors is soaring. Their ability to maintain voltage stability across integrated circuits is crucial for ensuring optimal device performance, making them a key component in high-frequency applications.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share owing to its strong presence in electronics manufacturing and technological advancements. Countries such as China, Japan, South Korea, and Taiwan are leading producers of MLCCs, benefitting from established supply chains and high-volume production capacities. The growing demand for smartphones, automotive electronics, and industrial automation solutions further supports regional market expansion.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR propelled by increasing investments in advanced technologies and semiconductor innovations. The region’s focus on electric vehicles, aerospace, and medical electronics is generating substantial demand for MLCCs. Additionally, government initiatives promoting domestic electronics production and R&D efforts in miniaturization technologies are fostering market growth.
Key players in the market
Some of the key players in Multilayer Ceramic Capacitor Market include Avatech, Chaozhou Three-Circle, Cornell Dubilier Electronics, Inc, Fenghua Advanced Technology, Future Electronics, Illinois Capacitor, Inc, Johanson Dielectrics, Inc., KYOCERA Corporation, Murata Manufacturing Co., Ltd., Richardson Electronics, Ltd, Samsung Electro Mechanics, SEMCO, Syfer Technology Limited, Taiyo Yuden Co Ltd, TDK Corporation, Vishay Intertechnology, Inc., Walsin Technology Corporation and YAGEO Group.
Key Developments:
In April 2025, TDK unveiled the Spin Photo Detector, a breakthrough in data transmission technology. This device achieves speeds up to ten times faster than current photodetectors, addressing AI data transfer bottlenecks. It utilizes magnetic tunnel junction (MTJ) technology and is expected to have applications in AR/VR, aerospace, and data centers.
In March 2025, Kyocera, in collaboration with Nitto Seimo, launched a trial of a smart-sensing research buoy powered by ocean currents, showcasing innovation in renewable energy applications.
In February 2025, Murata announced plans for significant mergers and acquisitions, potentially exceeding ¥100 billion (~$665 million), to expand in inductors and sensors. The company also plans to increase production capacity in Japan and Thailand and is preparing for manufacturing in India.
Types Covered:
• General-Purpose MLCCs
• High-Reliability MLCCs
• Low-ESR MLCCs
Equipment Types Covered:
• Class 1
• Class 2
Voltages Covered:
• Low Voltage (Up to 50V)
• Medium Voltage (51V – 500V)
• High Voltage (Above 500V)
Mountings Covered:
• Surface-Mount Technology (SMT)
• Through-Hole Technology
Applications Covered:
• Bypass Capacitors
• Decoupling Capacitors
• Filtering
• Coupling
• Tuning Circuits
• Other Applications
End Users Covered:
• Consumer Electronics
• Automotive
• Industrial Equipment
• Telecommunications
• 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 2024, 2025, 2026, 2028, and 2032
- 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
o 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 Multilayer Ceramic Capacitor Market, By Type
5.1 Introduction
5.2 General-Purpose MLCCs
5.3 High-Reliability MLCCs
5.4 Low-ESR MLCCs
6 Global Multilayer Ceramic Capacitor Market, By Equipment Type
6.1 Introduction
6.2 Class 1
6.2.1 C0G (NP0) Capacitors
6.2.2 C1G Capacitors
6.2.3 Temperature-Stable Capacitors
6.3 Class 2
6.3.1 X7R Capacitors
6.3.2 X5R Capacitors
6.3.3 Y5V Capacitors
7 Global Multilayer Ceramic Capacitor Market, By Voltage
7.1 Introduction
7.2 Low Voltage (Up to 50V)
7.3 Medium Voltage (51V – 500V)
7.4 High Voltage (Above 500V)
8 Global Multilayer Ceramic Capacitor Market, By Mounting
8.1 Introduction
8.2 Surface-Mount Technology (SMT)
8.3 Through-Hole Technology
9 Global Multilayer Ceramic Capacitor Market, By Application
9.1 Introduction
9.2 Bypass Capacitors
9.3 Decoupling Capacitors
9.4 Filtering
9.5 Coupling
9.6 Tuning Circuits
9.7 Other Applications
10 Global Multilayer Ceramic Capacitor Market, By End User
10.1 Introduction
10.2 Consumer Electronics
10.3 Automotive
10.4 Industrial Equipment
10.5 Telecommunications
10.6 Other End Users
11 Global Multilayer 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 Avatech
13.2 Chaozhou Three-Circle
13.3 Cornell Dubilier Electronics, Inc
13.4 Fenghua Advanced Technology
13.5 Future Electronics
13.6 Illinois Capacitor, Inc
13.7 Johanson Dielectrics, Inc.
13.8 KYOCERA Corporation
13.9 Murata Manufacturing Co., Ltd.
13.10 Richardson Electronics, Ltd
13.11 Samsung Electro Mechanics
13.12 SEMCO
13.13 Syfer Technology Limited
13.14 Taiyo Yuden Co Ltd
13.15 TDK Corporation
13.16 Vishay Intertechnology, Inc.
13.17 Walsin Technology Corporation
13.18 YAGEO Group
List of Tables
1 Global Multilayer Ceramic Capacitor Market Outlook, By Region (2024-2032) ($MN)
2 Global Multilayer Ceramic Capacitor Market Outlook, By Type (2024-2032) ($MN)
3 Global Multilayer Ceramic Capacitor Market Outlook, By General-Purpose MLCCs (2024-2032) ($MN)
4 Global Multilayer Ceramic Capacitor Market Outlook, By High-Reliability MLCCs (2024-2032) ($MN)
5 Global Multilayer Ceramic Capacitor Market Outlook, By Low-ESR MLCCs (2024-2032) ($MN)
6 Global Multilayer Ceramic Capacitor Market Outlook, By Equipment Type (2024-2032) ($MN)
7 Global Multilayer Ceramic Capacitor Market Outlook, By Class 1 (2024-2032) ($MN)
8 Global Multilayer Ceramic Capacitor Market Outlook, By C0G (NP0) Capacitors (2024-2032) ($MN)
9 Global Multilayer Ceramic Capacitor Market Outlook, By C1G Capacitors (2024-2032) ($MN)
10 Global Multilayer Ceramic Capacitor Market Outlook, By Temperature-Stable Capacitors (2024-2032) ($MN)
11 Global Multilayer Ceramic Capacitor Market Outlook, By Class 2 (2024-2032) ($MN)
12 Global Multilayer Ceramic Capacitor Market Outlook, By X7R Capacitors (2024-2032) ($MN)
13 Global Multilayer Ceramic Capacitor Market Outlook, By X5R Capacitors (2024-2032) ($MN)
14 Global Multilayer Ceramic Capacitor Market Outlook, By Y5V Capacitors (2024-2032) ($MN)
15 Global Multilayer Ceramic Capacitor Market Outlook, By Voltage (2024-2032) ($MN)
16 Global Multilayer Ceramic Capacitor Market Outlook, By Low Voltage (Up to 50V) (2024-2032) ($MN)
17 Global Multilayer Ceramic Capacitor Market Outlook, By Medium Voltage (51V – 500V) (2024-2032) ($MN)
18 Global Multilayer Ceramic Capacitor Market Outlook, By High Voltage (Above 500V) (2024-2032) ($MN)
19 Global Multilayer Ceramic Capacitor Market Outlook, By Mounting (2024-2032) ($MN)
20 Global Multilayer Ceramic Capacitor Market Outlook, By Surface-Mount Technology (SMT) (2024-2032) ($MN)
21 Global Multilayer Ceramic Capacitor Market Outlook, By Through-Hole Technology (2024-2032) ($MN)
22 Global Multilayer Ceramic Capacitor Market Outlook, By Application (2024-2032) ($MN)
23 Global Multilayer Ceramic Capacitor Market Outlook, By Bypass Capacitors (2024-2032) ($MN)
24 Global Multilayer Ceramic Capacitor Market Outlook, By Decoupling Capacitors (2024-2032) ($MN)
25 Global Multilayer Ceramic Capacitor Market Outlook, By Filtering (2024-2032) ($MN)
26 Global Multilayer Ceramic Capacitor Market Outlook, By Coupling (2024-2032) ($MN)
27 Global Multilayer Ceramic Capacitor Market Outlook, By Tuning Circuits (2024-2032) ($MN)
28 Global Multilayer Ceramic Capacitor Market Outlook, By Other Applications (2024-2032) ($MN)
29 Global Multilayer Ceramic Capacitor Market Outlook, By End User (2024-2032) ($MN)
30 Global Multilayer Ceramic Capacitor Market Outlook, By Consumer Electronics (2024-2032) ($MN)
31 Global Multilayer Ceramic Capacitor Market Outlook, By Automotive (2024-2032) ($MN)
32 Global Multilayer Ceramic Capacitor Market Outlook, By Industrial Equipment (2024-2032) ($MN)
33 Global Multilayer Ceramic Capacitor Market Outlook, By Telecommunications (2024-2032) ($MN)
34 Global Multilayer Ceramic Capacitor Market Outlook, By Other End Users (2024-2032) ($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
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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