Multi-layer Ceramic Capacitor Market - By Type (General Purpose, Array, Megacap, Serial Design), By Dielectric Type (Medium (100 V-630 V), High (1,000 V-Above)), By End Use & Forecast, 2024 – 2032

Multi-layer Ceramic Capacitor Market Size

Multi-Layer Ceramic Capacitor Market was valued at over USD 16 billion in 2023 and is estimated to register a CAGR of over 13% between 2024 and 2032. The proliferation of smartphones, tablets, laptops, wearable devices, and other consumer electronics has led to a surge in the demand for MLCCs. These capacitors are essential components in electronic devices for functions such as decoupling, filtering, and energy storage.
 

For instance, in January 2022, TDK Corporation announced that it had developed a recycling system for polyethylene terephthalate (PET) films used in the manufacturing of multilayer ceramic capacitors. This allows the PET films to be reused directly in the MLCC manufacturing process, instead of being thermal-recycled or incinerated. The system increases the use of recycled PET films to 20% in practical applications.
 

Moreover, the growth of the Internet of Things (IoT) and connected devices has driven the demand for MLCCs in applications such as smart home devices, industrial automation, healthcare monitoring systems, and smart infrastructure. MLCCs are essential for providing compact energy storage and noise filtering in IoT devices. The rollout of 5G networks worldwide has created the demand for MLCCs in telecommunications infrastructure equipment including base stations, antennas, and network servers. MLCCs are used in these applications for their high reliability, stability, and the ability to handle high-frequency signals.
 

MLCCs are essential components in various industries, and shortages or disruptions in the supply of MLCCs can have cascading effects on the production of electronic devices. Component shortages can occur due to factors such as increased demand, production delays, or geopolitical tensions affecting the supply chain. Moreover, alternative capacitor technologies, such as polymer capacitors and aluminum electrolytic capacitors, offer competitive advantages in certain applications. MLCC manufacturers face competition from these alternative technologies, particularly in high-capacitance or high-temperature applications.
 

Multi-layer Ceramic Capacitor Market Trends

There is a continuous trend toward miniaturization of electronic devices, driven by demands for smaller, lighter, and more portable products. MLCCs play a crucial role in enabling this trend due to their high capacitance density and compact size, allowing manufacturers to design smaller & more efficient electronic devices. MLCC manufacturers are continually pushing the boundaries of capacitance density, striving to develop MLCCs with higher capacitance values in smaller packages. This trend is driven by the need for higher-performance capacitors in applications such as high-speed data transmission, power management, and energy storage.
 

With the proliferation of high-frequency communication technologies such as 5G, Wi-Fi 6, and mmWave, there is a growing demand for MLCCs optimized for high-frequency performance. MLCC manufacturers are developing capacitors with improved high-frequency characteristics, lower parasitic effects, and reduced losses to meet the requirements of these applications. The automotive industry's increasing adoption of electronic components and advanced driver assistance systems (ADAS) is driving the demand for MLCCs in automotive applications. MLCCs are used in various automotive systems for functions such as power management, sensor interfacing, and EMI filtering. As Electric Vehicles (EVs) become more prevalent, the demand for MLCCs in automotive power electronics is expected to rise further.
 

Multi-layer Ceramic Capacitor Market Analysis

Based on type, the market is divided into general purpose, array, megacap, and serial design. The general-purpose segment dominated the global market with a share of over 40% in 2023. General-purpose MLCCs are versatile components used in a wide range of electronic applications including consumer electronics, automotive electronics, industrial equipment, and telecommunications. Their broad utility and applicability across various industries contribute to a significant market presence.
 

In smartphones, tablets, laptops, gaming consoles, TVs, and home appliances, general-purpose MLCCs are vital for functions such as power regulation, signal filtering, and noise suppression. From engine control units (ECUs) to infotainment systems and advanced driver assistance systems (ADAS), MLCCs provide essential capacitance for stable power distribution and noise reduction in the increasingly electronic components of vehicles. General-purpose MLCCs are employed in motor drives, power supplies, control systems, and automation equipment, ensuring reliable operation and electromagnetic compatibility (EMC) in industrial environments.
 

Based on end-use industry, the market is divided into automotive, electronics, telecommunication, industrial equipment, and others. The automotive segment is expected to register a CAGR of over 15% during the forecast period and reach a revenue of over USD 20 billion by 2032. The automotive industry is undergoing a transformation towards electrification and connectivity, with the adoption of electric vehicles (EVs), hybrid vehicles, advanced driver assistance systems (ADAS), infotainment systems, and connected car technologies. MLCCs play a crucial role in these applications, providing power management, signal filtering, noise suppression, and EMI shielding.
 

Modern vehicles contain a growing number of electronic components and systems to support advanced features and functionalities. MLCCs are used extensively in automotive electronics for applications such as engine control units (ECUs), airbag systems, braking systems, navigation systems, entertainment systems, and sensors.
 

Asia Pacific dominated the global multi-layer ceramic capacitor market in 2023, accounting for a share of over 31%. The market for multi-layer ceramic capacitors (MLCCs) in the Asia Pacific region is significant and continues to experience robust growth. Asia Pacific, particularly countries including China, Japan, South Korea, and Taiwan, serves as a major manufacturing hub for electronic components including MLCCs. These countries host numerous MLCC manufacturing facilities owned by both domestic and international companies, catering to the global demand for electronic devices.
 

The Asia Pacific region is experiencing rapid industrialization and urbanization, driving the demand for electronic products across various sectors such as consumer electronics, automotive, telecommunications, and industrial machinery. MLCCs are essential components in these devices, fueling the MLCC market growth.
 

Multi-layer Ceramic Capacitor Market Share

Darfon Electronics and Vishay Intertechnology hold a significant share of over 9% in the multi-layer ceramic capacitor industry. Darfon Electronics Corp. is a Taiwan-based company that operates in the electronic components industry, including the Multi-layer Ceramic Capacitors (MLCCs) market. As a leading manufacturer of MLCCs, Darfon Electronics offers a comprehensive range of MLCC products known for their high quality, reliability, and performance. The company leverages advanced manufacturing processes and cutting-edge technology to produce MLCCs that meet the stringent requirements of various industries including consumer electronics, automotive, telecommunications, and industrial equipment.
 

Vishay Intertechnology, Inc. is a globally recognized manufacturer of electronic components and solutions, including Multi-layer Ceramic Capacitors (MLCCs). With a diverse product portfolio and a strong presence in the MLCC market, Vishay Intertechnology offers a wide range of MLCC products tailored to meet the needs of various industries and applications. The company is known for its commitment to quality, innovations, and customer satisfaction, providing MLCCs with high capacitance density, reliability, and performance.
 

Multi-layer Ceramic Capacitor Market Companies

Major players operating in the multi-layer ceramic capacitor industry are:

• Darfon Electronics
• Vishay Intertechnology
• Murata
• Samsung Electro-Mechanics
• Taiyo Yuden
• Yageo
• TDK
   

Multi-layer Ceramic Capacitors Industry News

• In August 2021, YAGEO (Taiwan) and Hon Hai Technology Group (Taiwan) announced a joint venture to establish XSemi Corporation, an IC design company that specializes in analog and power semiconductors. The company's goal is to serve customers and distributors worldwide for both Hon Hai (Foxconn) and YAGEO.
   

The multi-layer ceramic capacitor market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Million) from 2021 to 2032, for the following segments:

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Market, By Type

• General purpose
• Array
• Megacap
• Serial design

Market, By Dielectric

• Class I
• Class II
• Others Class II

Market, By Rated Voltage

• Low (Up to 50V)
• Medium (100 V-630 V)
• High (1,000 V-Above)

Market, By End Use

• Automotive
• Electronics
• Telecommunication
• Industrial equipment
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ANZ
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America 
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA