Multilayer Ceramic Capacitor Market is Projected to Grow at a Robust CAGR of 5.3% 2022-2030
According to the Market Statsville Group (MSG), the?Global Multilayer Ceramic Capacitor Market?size is expected to grow from?USD 10,216.9 million in 2021?to?USD 16,261.0 million by 2030?at a?CAGR of 5.3%?from 2022 to 2030.?A fixed-value capacitor with two or more alternating layers of?ceramic as the dielectric is referred to?as a multilayer ceramic capacitor (MLCC). It consists of parallel parallelly stacked capacitors coupled to a monolithic structure, resulting in a greater frequency than standard aluminum electrolytic capacitors. As a result, it's widely used in various industries, including automotive, electronics, telecommunications, data transfer, and power production.?Multilayer ceramic capacitors (MLCCs) have unique characteristics such as size and shape flexibility, low cost, and the ability to withstand high voltages, and are considered the most reliable.?However, the ability to pack multiple components into a single package was the most important feature that led to their widespread adoption. Each MLCC includes hundreds of layers, each of which functions independently. This removed the need for extra circuitry components.
MLCC has been at the forefront of all technological advancements and may be regarded as one of the facilitators of consumer electronics, telecommunications, and energy storage breakthroughs.?The impact of MLCCs has been so significant that future technologies like IoT, 5G, and electric vehicles are highly dependent on availability. As a result, the manufacturer has reorganized its product range and manufacturing capacity to meet the technological demands.?The increasing number of electronic devices installed in automobiles has raised the demand for MLCCs.
Request Sample Copy of this Report: https://www.marketstatsville.com/request-sample/multilayer-ceramic-capacitor-market
COVID-19 Impact on the Multilayer Ceramic Capacitor Market
The COVID-19 outbreak impacted the global MLCC supply chain. With the virus still weeks or months away from being handled, companies are revising their strategy and seeking alternate supply chain sources outside of China. Customers had expected a plentiful supply of multiplayer ceramic capacitors (MLCCs) in the first half of the year, but owing to the commencement of COVID-19, supply has tightened, and lead times have increased. The first half of 2020 has been difficult due to MLCC manufacturers shutting down factories to limit containment. On the other hand, component manufacturers and distributors will struggle to keep up with demand when automotive and aerospace manufacturing reopens in the third and fourth quarters.
Scope of the Multilayer Ceramic Capacitor Market
The study categorizes the multilayer ceramic capacitor market based on type, rated voltage range, dielectric type, and?end-user vertical?at regional and global levels.
By Type Outlook?(Sales, USD Million, 2017-2030)
By Rated Voltage Range? Outlook?(Sales, USD Million, 2017-2030)
By Dielectric Type? Outlook?(Sales, USD Million, 2017-2030)
领英推荐
By End-user Vertical? Outlook?(Sales, USD Million, 2017-2030)
By Region Outlook?(Sales, USD Million, 2017-2030)
The Automotive Segment?is projected to account for the largest market share by End-User Industry
Based on end-user industry, multilayer ceramic capacitor market is divided into electronics, automotive, industrial, telecommunication?and other end-user industries.?The automotive segment witnessed significant growth in 2021. The majority of the market's vendors are raising their investments in the automobile industry. Major factors driving demand for MLCC in the automotive industry are the government regulations for mandatory (Advanced Driver Assistant System) ADAS systems, the surging adoption of electric vehicles (EV) and autonomous vehicle technology, and the rising adoption of smart technologies for automotive manufacturing.
The introduction of MEMS in combination with ADAS, the development of connected automobiles, and technological advancements in infotainment and IoT equipment are all contributing to a rise in electronic control unit contents in automobiles, which is driving demand for high-capacitance MLCCs. The MLCC industry is being impacted by increased technical advancements in the automobile sector.?
Direct Purchase Report: https://www.marketstatsville.com/buy-now/multilayer-ceramic-capacitor-market?opt=2950
Asia Pacific?accounts for the highest?CAGR during the forecast period
Based on the regions, the global multilayer ceramic capacitor market has been analyzed across five major regions: North America, Asia Pacific, the Middle East & Africa, Europe, and Latin or South America. Due to the rapid growth in the use of MLCC-based electronic components and renewable energy products across the automotive industry in the area, Asia Pacific is the fastest-growing multilayer ceramic capacitor market. With a prominent presence of local companies, China is one of the major manufacturers of multilayer ceramic capacitors. Moreover, during the past several years, Chinese MLCC manufacturers have been expanding rapidly while focusing on the supply of consumer electronic products. As a result, such market trends are likely to assist Asia-Pacific is dominating the overall market.
China, India, and Japan are not only manufacturing hubs for a wide range of end industries but also major consumers of the end?products?and services. The electronics/electrical devices, automotive, and telecommunications industries all have the greatest consumer base in the Asia Pacific.
Key Market Players in Multilayer Ceramic Capacitor Market
The multilayer ceramic capacitor market is mildly concentrated in nature with few numbers of global players operating in the market, such as: