Global Multi-Layer Ceramic Capacitor Market to Reach US$ 17.1 Billion by 2032, Accelerated by Increasing Product Demand Across Sectors

July 10, 2023 | Electronics and Semiconductors

As per the latest report by IMARC Group, titled "Multi-Layer Ceramic Capacitor Market Report by Type (General Capacitor, Array, Serial Construction, Mega Cap, and Others), Voltage Range (Low Range (Less Than 50V), Medium Range (50V to 600V), High Range (Above 600V)), Dielectric Type (X7R, X5R, C0G, Y5V, and Others), End Use (Consumer Electronics, Automotive, Telecommunication, Data Transmission, and Others), and Region 2024-2032," the global multi-layer ceramic capacitor market size reached US$ 10.8 Billion in 2023. Multi-layer ceramic capacitors (MLCCs) are essential components used in various electronic devices due to their compact size, high capacitance, and excellent stability. Their function is based on the principles of dielectric material polarization and charge storage. MLCCs are made by stacking multiple layers of ceramic material, typically barium titanate, with metal electrodes on either end. The layers are then fused using a high-temperature firing process. The ceramic material acts as the dielectric, while the metal electrodes serve as the conductive plates. The multiple layers increase the capacitance value while maintaining a small form factor. MLCCs offer several advantages, such as high capacitance density, low ESR (equivalent series resistance), and excellent frequency response. They can handle high voltage levels and exhibit low self-heating effects, making them suitable for applications with demanding electrical and thermal conditions. MLCCs also have good temperature stability and are available in a wide range of capacitance values, voltage ratings, and sizes to meet specific design requirements.

Global Multi-Layer Ceramic Capacitor Market Trends:

The global multi-layer ceramic capacitor market is bolstered by several key factors, including the increasing demand for MLCCs in consumer electronics, automotive applications, telecommunications, and industrial sectors. Moreover, the escalating need for energy-efficient solutions and the growing emphasis on renewable energy sources are boosting the deployment of MLCCs in energy storage systems and power electronics, thus fueling the market growth. Besides this, the rapid expansion of the internet of things (IoT) and the integration of MLCCs in smart devices, home automation, and wearable technology are driving the market growth. Furthermore, the proliferation of 5G technology and the subsequent need for MLCCs in base stations, smartphones, and other communication devices are propelling the market growth. Additionally, the increasing electrification of vehicles and the surging popularity of electric and hybrid cars are contributing to the market growth. Apart from this, advancements in MLCC technology, including improved capacitance density and higher voltage ratings, and the increasing product need in defense and aerospace applications, such as avionics and radar systems, are providing an impetus to the market growth. The expansion of the healthcare sector and the adoption of MLCCs in medical devices, imaging equipment, and implantable devices are acting as other factors accelerating the market growth. In line with this, the emergence of artificial intelligence (AI) and machine learning (ML) technologies and the escalating need for eco-friendly electronic components are strengthening the market growth. Looking forward, the market value is projected to reach US$ 17.1 Billion by 2032, expanding at a CAGR of 5.1% during 2024-2032.

Market Summary: 

  • By the type, the market has been segmented into general capacitor, array, serial construction, mega cap, and others.
  • Based on the voltage range, the market has been segregated into low range (less than 50V), medium range (50V to 600V), and high range (above 600V).
  • By the dielectric type, the market has been classified into X7R, X5R, C0G, Y5V and others.
  • Based on the end use, the market has been categorized into consumer electronics, automotive, telecommunication, data transmission, and others.
  • On the basis of the region, the market has been categorized into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa. 
  • The competitive landscape of the industry has also been examined with some of the key players being Darfon Electronics Corporation, Kyocera Corporation, Murata Manufacturing Co. Ltd., Samsung Electro-Mechanics Co. Ltd. (Samsung Group), Taiyo Yuden Co. Ltd., TDK Corporation, Vishay Intertechnology Inc., Walsin Technology Corporation and Yageo Corporation.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Voltage Range, Dielectric Type, End Use, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Darfon Electronics Corporation, Kyocera Corporation, Murata Manufacturing Co. Ltd., Samsung Electro-Mechanics Co. Ltd. (Samsung Group), Taiyo Yuden Co. Ltd., TDK Corporation, Vishay Intertechnology Inc., Walsin Technology Corporation and Yageo Corporation
Customization Scope 10% Free Customization
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Global Multi-Layer Ceramic Capacitor Market to Reach US$ 17.1 Billion by 2032, Accelerated by Increasing Product Demand Across Sectors
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