Multilayer Ceramic Capacitor (MLCC) Market, by Type (Class I (NP0/C0G, U2J, others), Class II (X7R, X5R, Y5V, Z5U), by Application (Consumer Electronics, Automotive, Manufacturing, Telecommunication, Transportation, Healthcare)—Forecast till 2030

Multilayer Ceramic Capacitor Market Size and Overview

Globally, the size of multilayer ceramic capacitor market is set to grow at a CAGR of 5.30% from a value of USD 5,624.2 million in 2021 to hit USD 23.3 Billion by 2030 driven by the major factor that leads to an increase in the global multilayer ceramic capacitor market is the widespread adoption due to its ability to pack multiple components in one single package.A Capacitor is an electric component formed by two electrical conductors separated by an insulating material. Multilayer ceramic capacitor (MLCC) consists of several layers of ceramic inner electrodes in a sandwich structure. MLCC is a surface-mounted device (SMD) capacitor used in a wide range of capacitance applications such as telecommunications, PCs, hard disks, game PCs, data processing, DVDs, video cameras, general electronic circuits, mobile phones, and others.

The improved frequency characteristics of MLCCs and the high resistance of these capacitors to irregular voltage affect the market's growth. Furthermore, the performance benefits provided by MLCCs, such as lower impedance and high capacitance, and solid size, fuel the development of the market. Moreover, they are highly prone to physical damage such as increasing automotive electronics, cracking, and an increase in demand for consumer electronics, which affect the growth of the global market. These factors are predicted to either operate or hinder market growth.

Opportunities expected to grow the demand for MLCC is the higher application of consumer electronics, telecommunication, data processing, and an increase for high specification gadgets.

The current situation of Covid-19 has negatively affected all the business markets due to the shutdown and lockdown of the industries. This leads to the unavailability of workers and production. Initiation in the process of vaccination believes in restarting growth. Next year, things will get better, and the market will see a hike soon.

Covid 19 Analysis:

The current situation of Covid-19 has impacted all the business units negatively due to the shutdown of the industry. This leads to a lack of workers and production. The multilayer ceramic capacitor market was valued at USD 5,624.2 million in 2021; it is expected to reach USD 23.3 Billion by the end of the forecast period at a CAGR of 5.30%. Initiation in the process of vaccination believes to resume growth. Things are expected to get better by next year, and the market will see a boost.

Market Dynamics:

• Drivers:

The major factor that leads to an increase in the global multilayer ceramic capacitor market is the widespread adoption due to its ability to pack multiple components in one single package. The factors involved the telecommunication sector that potentially introduced manufacturers with 5G Technology, rapid growth in the application of MLCC which is usually based on electronic components and renewable energy products across the automotive sector. Other components and factors involved in the rapid increase in the focus of supply of consumer electronic products for the more massive growth of the automation and industry sector. All these factors have driven the multilayer ceramic capacitor market.

• Opportunities:

Opportunities that are thought to grow the demand for MLCC is the higher application of consumer electronics, data processing, telecommunication as well as an increase for high specification gadgets. Other reports of Opportunities include immense use of smartphones and tablets, increase in disposable income of the population, and miniaturization of devices. Advancement in technologies has holistically evaluated the market.

• Restraints:

The factors that restrain the growth of multilayer ceramic capacitors are the increasing use of EMI separation and its various uses in AC and DC converters. This is Technologically lagged due to low upgrades in technology and access. Few of the countries with high and electronic devices and equipment have increased the use of MLCCs in electronic devices. It directly influences and witnesses a constant decline and its prices. The integration of MLCC into modern LCD and LED televisions is strongly based on devices and Technology. These are some of the factors that contribute immediately to the hampered growth of multilayer ceramic capacitors.

• Value Chain Analysis:

The multilayer ceramic capacitors have various benefits such as being used in computers, televisions, mobile phones, and other electronics. Furthermore, the MLCCs are used in automobiles such as vehicle frames, powertrains, and infotainment devices. MLCC specifically caters to the automobile application, these include broad range coverage of voltage options, case sizes, and capacitance values. Ceramic capacitors have the longevity of multilayer and can shorten unless they are not handled with utmost care. Otherwise, ceramic capacitors work well for a long time.

Market Segmentation:

The market segmentation of the multilayer ceramic capacitors market is as follows:

Based On The Class:

The global multilayer ceramic capacitors market is bifurcated based on class into class 1 - NP0 (C0G), P100, Others class 2 - (N33 and (N75), X7R, X5R, Y5V, Others (Z5U and X7S). The class 2 segment is estimated to dominate the market in the year 2020. The factor that drives the dominance of the class 2 segment is the maximum operating temperature and is considered as the temperature stable. These two types of ceramic dielectric capacitors are best for frequency discriminating circuits and bypass and decoupling applications.

Based On The Application:

The Global multilayer ceramic capacitor is bifurcated based on application into the following segments-

• Consumer Electronics


• Automotive


• Manufacturing


• Healthcare


• Other

The automotive segment dominates the market. These factors include the increasing deployment of electronic devices that use MLCCs in automobiles. These automobiles using MLCCs are- powertrain, vehicle frames, and infotainment devices. The latest tactics and strategies have inspired manufacturers to develop multilayer ceramic capacitors which will specifically be decided to cater to automobile applications. This can cover a broad range of voltage options, case sizes, and capacitance values.

Based On The Geography:

Based on geography, the MLLC market is divided into Asia Pacific, North America, Europe, and the Rest of the world.

The Asia Pacific has emerged as the fastest-growing multilayer ceramic capacitor market. This rapid growth is due to the increasing demand from end-users. These end-users increase the capacitance level of MLCC and miniaturization of capacitors.

Regional Analysis:

The MLCC global market is divided into four regions which include- Europe, North America, Asia Pacific, and the rest of the world.

Asia-pacific has emerged as the fastest-growing multicellular ceramic capacitor market network. The cement demand includes factors such as increasing customers, demand from end-users, increase in capacitance level of MLCC, and miniaturization of capacitors.

Competitive Landscape

The prominent key players of the multilayer ceramic capacitor market in the global market are mentioned down below-

• Taiyo Yuden


• TDK Corporation


• Murata Mfg.


• Vishay (US)


• SEMCO (KR)


• Yageo (TW)


• TDK Corporation (JP)


• Chaozhou Three-Circle (CN)


• JDI (US)


• SAMWHA (KR)


• Kemet (US)


• Fenghua Advanced Technology (CN)


• EYANG (CN)


• Walsin (TW)


• MURATA (JP)


• Darfon (TW)


• Kyocera (JP)


• Holy Stone (TW)

All these prominent key players play a major road in the dynamics and growth of the multilayer ceramic capacitor market. These major key players opt for many strategies and policies to widen their customer base. These policies and strategies mainly include collaborations, mergers, acquisitions, extensions, joint ventures, establishments, new production processes, innovations, technology widening the existing products, partnerships, etc. All these important methods are opted to get the needs of customers and develop a strong potential growth base. These major key players contribute majorly to the multilayer ceramic capacitor demand and in developing innovations to improve the market.

Recent Developments:

The Year 2022

Improvements are made in the field of multilayer ceramic capacitors Market application. These innovations include consumer electronics, data processing, and telecommunications.

Developments in the high specification gadgets such as smartphones and tablets.

Report Overview:

The multilayer ceramic capacitor market is expected to reach USD 23.3 Billion by the end of the forecast period at a CAGR of 5.30%.

The global multilayer ceramic capacitor market in the global market research report consists of the following elements which are mentioned down below:

• Market overview


• Covid 19 analysis


• Market dynamics


• Value chain analysis


• Market segmentation


• Regional analysis


• Competitive landscape

Recent developments

In the global multilayer ceramic capacitor market research report, there are major factors that drive the growth of the market. The report consists of opportunities that may further in the future and hands the global market of the multilayer ceramic capacitor. Various factors restrain the growth of sugar-free confectioneries and hamper the development of such a fine-based market. This research report also consists of various analyses, different segmentations, regional analyses, etc. This research report also consists of various strategies and policies followed by the major key players that drive the multilayer ceramic capacitor market. The future growth rate is also discussed and mentioned in this research report.