Multilayer Ceramic Capacitor Market Report, Industry Size, Share, Statistics & Growth 2027

The multilayer ceramic capacitor market is expected to grow from USD 14.0 billion in 2022 to USD 26.6 billion by 2027; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 13.8% from 2022 to 2027.

The global multilayer ceramic capacitor market is witnessing significant growth, with projections indicating steady market expansion in the coming years. Factors driving this growth include the proliferation of electronic devices, the shift towards miniaturization, the demand for high-performance capacitors, and the adoption of MLCCs in emerging technologies such as 5G, IoT, and electric vehicles (EVs).

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Multilayer ceramic capacitors (MLCCs) are passive electronic components composed of multiple layers of ceramic material and metal electrodes. They are used for storing electrical energy, smoothing voltage fluctuations, and filtering high-frequency noise in electronic circuits. MLCCs are integral components in consumer electronics, telecommunications equipment, automotive electronics, industrial machinery, and medical devices.

Driver : Growing demand from automotive industry due to advent of EVs

The automotive industry is one of the major end users of MLCCs. In recent years, automotive-grade MLCCs have gained popularity, which is predicted to fuel the entire MLCC market's growth. The increasing deployment of electronic devices in automobiles, such as engines, powertrains, and infotainment systems, is accelerating the demand for multilayer ceramic capacitors. Constant advances in the automotive industry demand component miniaturization, increase in capacitance, and improvements in safety features. Moreover, self-driving vehicles, hybrid electric vehicles (HEVs), plug-in hybrid?electric vehicles?(PHEVs), and advanced driver assistance systems (ADAS) used in cars inherently require MLCCs.

Opportunity : Emergence of Internet of Things (IoT)

The advent of the Internet of Things (IoT) is generating a plethora of market prospects. Because of their inherent reliability and long service life, high-capacitance MLCCs are a perfect solution for IoT devices. MLCCs have a proven mean time to failure (MTTF) ranging from 10,000 to over 1,000,000 hours and offer low equivalent series resistance (ESR) and inductance (ESL). According to GSMA Mobile Economy 2021, the total number of IoT connection in North America alone is expected to reach 5.1 billion by 2025. According to GSMA Mobile Economy 2021, in terms of multilayer ceramic capacitor demand for IoT devices, North America is expected to lead the market through 2025. IoT devices are used to connect automotive infotainment systems, smart wearables, home IoT appliances, security cameras, smart entertainment devices, and other smart gadgets. In short, they enable systems to communicate and collaborate, resulting in increased efficiency and lower operational costs. The use of IoT devices has increased manifolds over the years, which is projected to boost demand for MLCCs even more.

Innovative Developments:

High-Frequency MLCCs: Manufacturers are developing high-frequency MLCCs capable of operating at GHz frequencies, catering to the needs of 5G infrastructure, RF/microwave applications, and high-speed data transmission.

Automotive-Grade MLCCs: Automotive-grade MLCCs with enhanced reliability, temperature stability, and vibration resistance are designed to meet the stringent requirements of automotive electronics, EVs, and harsh operating environments.

Flexible MLCC Designs: Flexible MLCC designs with bendable, foldable, and stretchable properties are emerging for use in flexible electronics, wearable devices, and smart textiles, expanding the scope of MLCC applications.

MLCCs for Energy Storage: MLCCs with high energy density and fast charging capabilities are being developed for energy storage applications, hybrid electric vehicles (HEVs), and energy harvesting systems, contributing to energy efficiency and sustainability.

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Market Outlook and Opportunities:

The multilayer ceramic capacitor market presents a range of opportunities for capacitor manufacturers, component suppliers, electronics OEMs, and system integrators to innovate and develop advanced MLCC solutions that meet evolving industry requirements, support technological advancements, and enhance electronic product performance. With a focus on reliability, miniaturization, and high-frequency performance, MLCC technologies are poised to play a vital role in powering the next generation of electronic devices, telecommunications infrastructure, automotive electronics, and industrial applications.

The MLCC market for low rated voltage segment is expected to grow at the fastest CAGR during the forecast period. The main reason for the dominance of low rated voltage MLCCs is their high demand in the electronics end-user industry. Most of the widely adopted electronics devices, especially small consumer electronics such as smartphones, smart wearables, true wireless stereo (TWS) headsets, headphones, and calculators, operate at a lower voltage. Further, the miniaturization of ICs lowers the required voltage, thereby accelerating the demand for low rated voltage MLCCs.

The Asia Pacific region accounted for the largest share of MLCC market in 2021 and is also expected to grow at the highest CAGR during the forecast period. With Asia Pacific being one of the largest electronics manufacturers, as well consumers, in the world, it is the largest consumer of multilayer ceramic capacitors for the electronic end-user industry. The region is one of the largest consumers of smartphones. According to India Brand Equity Foundation (IBEF), in 2021, India alone recorded shipment of ~173 million smartphone units, which is 14% more as compared to 2020. Apart from smartphones, the region produces and consumes a broad range of electronic goods, ranging from commercial to household and entertainment gadgets. The region also has a well-established automotive industry. The rapid development of EVs in China is expected to drive the MLCC market further. The number of MLCCs installed per smartphone is about 400 to 500 for low-end smartphones, about 700 to 800 for mid-range smartphones, and about 900 to 1,100 for high-end smartphones. Similarly, on an average, BEVs are projected to use more than ~10,000 MLCCs. The increasing demand for consumer electronics and automotive is accelerating the demand for multilayer ceramic capacitors in the region.

Key players in the MLCC market are Murata (Japan), Samsung Electro-Mechanics (South Korea), TAIYO YUDEN (Japan), YAGEO (Taiwan), Walsin Technology (Taiwan), TDK (Japan), Vishay Intertechnology (US), Kyocera (Japan), Darfon Electronics (US), Samwha Capacitor Group (South Korea), Nippon Chemi-Con (Japan), MARUWA (Japan), Fujian Torch Electron Technology (China), Holy Stone Enterprise (Taiwan), and Knowles (US). SMEs/startups covered in the study are CalRamic Technologies (US), Viking Tech (Taiwan), Würth Elektronik Group (Germany), Exxelia (France), Johanson Dielectrics (US), NIC Components (US), Kingtronics Kt (Hong Kong), Semec (China), Shanghai Yongming Electronic (YMIN) (China), EYANG Technology Development (China), and Fenghua Advanced Technology (Hong Kong).

Table of Content:

6 MULTILAYER CERAMIC CAPACITOR MARKET, BY TYPE (Page No. - 99)

??? 6.1 INTRODUCTION

?????????? FIGURE 39 MLCC MARKET: BY TYPE

??? 6.2 GENERAL PURPOSE

?????????? TABLE 14 PLAYERS OFFERING GENERAL-PURPOSE MLCC

??? 6.3 ARRAY

?????????? TABLE 15 PLAYERS OFFERING ARRAY TYPE MLCC

??? 6.4 MEGACAP

?????????? TABLE 16 PLAYERS OFFERING MEGACAP TYPE MLCC

??? 6.5 SERIAL DESIGN

?????????? TABLE 17 APPLICATIONS OF SERIAL DESIGN TYPE MLCC IN KEY END-USER INDUSTRIES

??? 6.6 OTHER TYPES

?????????? TABLE 18 FEW MAJOR APPLICATIONS OF SERIAL DESIGN-TYPE MLCC

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7 MULTILAYER CERAMIC CAPACITOR MARKET, BY DIELECTRIC TYPE (Page No. - 105)

??? 7.1 INTRODUCTION

?????????? FIGURE 40 MULTILAYER CERAMIC CAPACITOR MARKET: BY DIELECTRIC TYPE

?????????? FIGURE 41 CLASS I DIELECTRIC TYPE TO ACCOUNT FOR LARGER SIZE OF MLCC MARKET DURING FORECAST PERIOD

?????????? TABLE 19 MLCC MARKET, BY DIELECTRIC TYPE, 2018–2021 (USD MILLION)

?????????? TABLE 20 MLCC MARKET, BY DIELECTRIC TYPE, 2022–2027 (USD MILLION) ??? 7.2 CLASS I

?????????? TABLE 21 CLASS I DIELECTRIC TYPE MLCC MARKET, 2018–2021 (USD MILLION)

?????????? TABLE 22 CLASS I DIELECTRIC TYPE MLCC MARKET, 2022–2027 (USD MILLION)

?????????? TABLE 23 CLASS I DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)

?????????? FIGURE 42 ELECTRONICS END-USER INDUSTRY TO DOMINATE CLASS I MLCC MARKET DURING FORECAST PERIOD

?????????? TABLE 24 CLASS I DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)

?????????? TABLE 25 CLASS I DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)

?????????? TABLE 26 CLASS I DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)

?????????? 7.2.1 C0G (NP0)

??????????????????? 7.2.1.1 C0G MLCCs offer advantages of low capacitance, significantly low electrical losses, high stability, and high accuracy

?????????????????????????????? TABLE 27 C0G (NP0) DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)

?????????????????????????????? TABLE 28 C0G (NP0) DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)

?????????????????????????????? TABLE 29 C0G (NP0) DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)

?????????????????????????????? TABLE 30 C0G (NP0) DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)

?????????? 7.2.2 X8G

??????????????????? 7.2.2.1 X8G MLCCs are designed for applications that require great durability and capacitance stability at high temperatures

?????????????????????????????? TABLE 31 X8G DIELECTRIC TYPE MULTILAYER CERAMIC CAPACITOR MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)

?????????????????????????????? TABLE 32 X8G DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)

?????????????????????????????? TABLE 33 X8G DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)

?????????????????????????????? TABLE 34 X8G DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)

?????????? 7.2.3 U2J

??????????????????? 7.2.3.1 U2J dielectric MLCC offers high stability as that of Class I dielectric and high capacitance similar to that of Class II dielectrics

?????????????????????????????? TABLE 35 U2J DIELECTRIC TYPE MULTILAYER CERAMIC CAPACITOR MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)

?????????????????????????????? TABLE 36 U2J DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)

?????????????????????????????? TABLE 37 U2J DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)

?????????????????????????????? TABLE 38 U2J DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)

?????????? 7.2.4 OTHER CLASS I

??????????????????? TABLE 39 OTHER CLASS I DIELECTRIC TYPE MULTILAYER CERAMIC CAPACITOR MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)

??????????????????? TABLE 40 OTHER CLASS I DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)

??????????????????? TABLE 41 OTHER CLASS I DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)

??????????????????? TABLE 42 OTHER CLASS I DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)

??? 7.3 CLASS II

?????????? TABLE 43 CLASS II DIELECTRIC TYPE MLCC MARKET, 2018–2021 (USD MILLION)

?????????? TABLE 44 CLASS II DIELECTRIC TYPE MLCC MARKET, 2022–2027 (USD MILLION)

?????????? TABLE 45 CLASS II DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)

?????????? FIGURE 43 CLASS II MLCC MARKET FOR AUTOMOTIVE END-USER INDUSTRY TO GROW AT FASTEST CAGR DURING THE FORECAST PERIOD

?????????? TABLE 46 CLASS II DIELECTRIC TYPE MULTILAYER CERAMIC CAPACITOR MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)

?????????? TABLE 47 CLASS II DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)

?????????? TABLE 48 CLASS II DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)

?????????? 7.3.1 X7R

??????????????????? 7.3.1.1 X7R MLCCs are ideal for bypass and decoupling applications

?????????????????????????????? TABLE 49 X7R DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)

?????????????????????????????? TABLE 50 X7R DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)

?????????????????????????????? TABLE 51 X7R DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)

?????????????????????????????? TABLE 52 X7R DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)

?????????? 7.3.2 X5R

??????????????????? 7.3.2.1 X5R MLCCs are ideal for applications that require high capacitance

?????????????????????????????? TABLE 53 X5R DIELECTRIC TYPE MULTILAYER CERAMIC CAPACITOR MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)

?????????????????????????????? TABLE 54 X5R DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)

?????????????????????????????? TABLE 55 X5R DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)

?????????????????????????????? TABLE 56 X5R DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)

?????????? 7.3.3 Y5V

??????????????????? 7.3.3.1 Y5V dielectric MLCCs are intended for general-purpose use in limited temperature ranges

?????????????????????????????? TABLE 57 Y5V DIELECTRIC TYPE MULTILAYER CERAMIC CAPACITOR MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)

?????????????????????????????? TABLE 58 Y5V DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)

?????????????????????????????? TABLE 59 Y5V DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)

?????????????????????????????? TABLE 60 Y5V DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)

?????????? 7.3.4 X7S

??????????????????? 7.3.4.1 Demand for X7S MLCCs to be driven by their small size and high capacitance features

?????????????????????????????? TABLE 61 X7S DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)

?????????????????????????????? TABLE 62 X7S DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)

?????????????????????????????? TABLE 63 X7S DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)

?????????????????????????????? TABLE 64 X7S DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)

?????????? 7.3.5 OTHER CLASS II

??????????????????? TABLE 65 OTHER CLASS II DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)

??????????????????? TABLE 66 OTHER CLASS II DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)

??????????????????? TABLE 67 OTHER CLASS II DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)

??????????????????? TABLE 68 OTHER CLASS II DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)