Multilayer Ceramic Capacitor Market

Growing adoption of Multi-Layer Ceramic Capacitor (MLCC) is driving the market growth

Market CAGR for multi-layer ceramic capacitor (MLCC) is being driven by the rising adoption of Multi-Layer Ceramic Capacitor (MLCC) (MLCCs) in a variety of equipment, including mobile phones, set-top boxes, and wireless devices. These capacitors’ advantages, such as their excellent resilience against thermal shocks, are also anticipated to enhance their demand.

In addition to other consumer electronics, MLCCs are utilized in drones, wearable tech, smart TVs, camcorders, printers, computers, and laptops. The consumer electronics market is primarily due to the increasing propensity for using smart electronic gadgets and the shifting lifestyles of people. Any increase in consumer electronics demand would afterward increase the adoption of MLCCs.

Additionally, governments all over the world are promoting digitization more and more, which will encourage customers to adopt electronic devices. As a result, MLCC producers are concentrating especially on creating the smallest MLCCs that may be used in smartphones, wearable technology, health & fitness accessories, and other mobile devices. For MLCCs, the rapidly expanding IoT sector is creating new prospects. As a result, among other linked applications, MLCCs are employed more frequently in automated lighting, heating, and industrial automation. As a result, providers of IoT solutions they are building.

Manufacturers are providing MLCCs with varying specifications related to power consumption, data processing speed and costs in keeping with this trend.

Due to the rising need for consumer electronics, such as smart televisions, smartphones, tablets, wearables, and high-end laptops, the market for MLCCs is anticipated to rise, especially in developing nations like China and India. The MLCC market is expanding due to rising disposable income levels and increased internet usage. Thus, driving the Multi-Layer Ceramic Capacitor (MLCC) market revenue.

The Global Multi-Layer Ceramic Capacitor (MLCC) Market Industry is characterized by various trends and projections that highlight its growth potential. The market is expected to reach 16.7 USD Billion in 2024, with a projected increase to 27.5 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 4.62% from 2025 to 2035. Such figures indicate a robust demand for MLCCs across multiple sectors, including consumer electronics, automotive, and renewable energy. The ongoing innovations and technological advancements are likely to further enhance the market landscape, positioning the Global Multi-Layer Ceramic Capacitor (MLCC) Market Industry for sustained growth.

The Global Multi-Layer Ceramic Capacitor (MLCC) Market Industry is poised for growth due to the increasing investments in renewable energy sources. As solar and wind energy technologies advance, the need for reliable and efficient electronic components becomes paramount. MLCCs play a vital role in energy conversion and storage systems, ensuring optimal performance and reliability. The global shift towards sustainable energy solutions is likely to drive demand for MLCCs, contributing to a projected compound annual growth rate (CAGR) of 4.62% from 2025 to 2035. This trend indicates that the Global Multi-Layer Ceramic Capacitor (MLCC) Market Industry will benefit from the expanding renewable energy landscape.

The Global Multi-Layer Ceramic Capacitor (MLCC) Market Industry is significantly influenced by advancements in automotive technology, particularly with the rise of electric vehicles (EVs). MLCCs are essential in managing power distribution and signal integrity in modern vehicles. As the automotive sector increasingly adopts sophisticated electronic systems, the demand for MLCCs is anticipated to rise. This shift is likely to contribute to the market's growth, with projections indicating a market value of 27.5 USD Billion by 2035. The integration of MLCCs in EVs and autonomous driving technologies underscores their critical role in the evolving automotive landscape, thereby enhancing the Global Multi-Layer Ceramic Capacitor (MLCC) Market Industry.

The Global Multi-Layer Ceramic Capacitor (MLCC) Market Industry experiences a substantial increase in demand driven by the consumer electronics sector. With the proliferation of smartphones, tablets, and wearable devices, manufacturers are integrating MLCCs to enhance performance and miniaturization. In 2024, the market is projected to reach 16.7 USD Billion, reflecting the growing reliance on compact and efficient electronic components. As consumer preferences shift towards high-performance devices, the demand for MLCCs is expected to grow, indicating a robust market trajectory. This trend suggests that the Global Multi-Layer Ceramic Capacitor (MLCC) Market Industry will continue to thrive as technology advances.

The trend towards miniaturization in electronic components significantly impacts the Global Multi-Layer Ceramic Capacitor (MLCC) Market Industry. As devices become smaller and more compact, manufacturers are increasingly turning to MLCCs for their high capacitance-to-volume ratio. This trend is particularly evident in portable electronics, where space constraints necessitate the use of smaller components without compromising performance. The ongoing demand for miniaturized solutions is expected to sustain market growth, with the industry projected to reach 16.7 USD Billion in 2024. Consequently, the Global Multi-Layer Ceramic Capacitor (MLCC) Market Industry is likely to continue evolving in response to these miniaturization demands.

The Global Multi-Layer Ceramic Capacitor (MLCC) Market Industry is witnessing growth in emerging markets, where industrial applications are expanding. Countries in Asia-Pacific and Latin America are increasingly adopting MLCCs in various sectors, including telecommunications, industrial automation, and consumer goods. This trend is driven by the need for reliable electronic components that can withstand harsh operating conditions. As these regions continue to develop their industrial capabilities, the demand for MLCCs is expected to rise, contributing to the overall market growth. This expansion indicates that the Global Multi-Layer Ceramic Capacitor (MLCC) Market Industry will likely experience increased activity in these emerging markets.

By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific Multi-Layer Ceramic Capacitor (MLCC) market area will dominate this market, owing to the increasing use of MLCC-based electronic components and renewable energy products in the automobile sector. In addition, the growing demand for MLCCs from end-user sectors will boost market growth in this region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Multi-Layer Ceramic Capacitor (MLCC) Market SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's Multi-Layer Ceramic Capacitor (MLCC) market accounts for the second-largest market share due to the high presence of automotive manufacturers. Further, the German Multi-Layer Ceramic Capacitor (MLCC) market held the largest market share, and the UK Multi-Layer Ceramic Capacitor market was the fastest-growing market in the European region.

The North America Multi-Layer Ceramic Capacitor (MLCC) Market is anticipated to grow at the fastest CAGR from 2024 to 2032. This is due to the increasing adoption of MLCCs and rising per capita disposable income. Moreover, China’s Multi-Layer Ceramic Capacitor (MLCC) market held the largest market share, and the Indian Multi-Layer Ceramic Capacitor (MLCC) market was the fastest-growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development to expand their product lines, which will help the MLCC market, grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Multi-Layer Ceramic Capacitor (MLCC) industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global Multi-Layer Ceramic Capacitor (MLCC) industry to benefit clients and increase the market sector. In recent years, the MLCC industry has offered some of the most significant advantages to MLCCs. Major Players in the MLCC market, including Taiyo Yuden, TDK Corporation, Murata Mfg., Vishay (US), SEMCO (KR), Yageo (TW), TDK Corporation (JP), JDI (US), SAMWHA (KR), Kemet (US), Fenghua Advanced Technology (CN), EYANG (CN), MURATA (JP), Kyocera (JP), and others, are attempting to increase market demand by investing in research and development operations.

Murata Manufacturing Co., Ltd. is a Japanese company in Nagaokakyo, Kyoto, that produces electronic components. Urata offers a range of electronic goods, from power supply to communication and wireless modules. The company develops integrated components and RF filters based on various processing processes, including thin-film, thick-film, and LTCC (Low-Temperature Co-fired Ceramics). Murata researches cutting-edge RF component technology, which has helped the company win numerous patents. Murata is the owner of several ceramic capacitor-related patents and patent applications.

For Instance: May 2022, The 4Vdc-rated ultra-thin LW reversed, low equivalent series inductor (ESL) multi-layer ceramic capacitor (MLCC) from Murata has a capacitance value of 1.0 µF ±20%. The LLC152D70G105ME01 decoupling capacitor can be executed on the back of a processor package, with a footprint of 0204 inches (0.5× 1.0mm) and a maximum width of just 0.22 millimeters, lowering impedance of a power supply line.

KYOCERA Corporation is a Japanese multinational ceramic and electronics manufacturer headquartered in Kyoto, Japan. Kazuo Inamori established Kyoto Ceramic Company, Limited in 1959. In 1982, the company changed its name. It produces cutting tools, electronic components, semiconductor packages, solar power generation systems, telecommunications equipment, office document imaging equipment, industrial ceramics, and dental and medical implant systems parts. For Instance: In August 2022, KYOCERA declared to build a new MLCC manufacturing plant in Japan to meet the increasing demand for 5G, ADAS, and EV applications.

Expanded MLCC multi-layer ceramic capacitor production at Kagoshima Kokubu Campus in Japan is anticipated to help meet the growing demand. Increased production is scheduled to begin in 2024.