Multi-layer Ceramic Capacitor Market Size

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.

To get key market trends

  Download Free Sample

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.