Multilayer Ceramic Capacitor Market Expected to Reach $7,833 Million Globally, By Top Key Players: Murata Manufacturing Co., Ltd., Samsung Electro-Mechanics, TDK Corporation, Kyocera (AVX), Taiyo Yuden Co. Ltd., YAGEO Corporation, Walsin Technology Corpor

In 2017, by class, the class 2 segment dominated the global multilayer ceramic capacitor market, in terms of revenue. Furthermore, based on application, the consumer electronics led the global market, followed by automotive in 2017. This is attributed to the fact that MLCCs are widely used in applications such as telecommunications, data processing, PCs, hard disks, game PCs, DVDs, video cameras, mobile phones, general electronic circuits, and others.

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Allied Market Research recently published a report, titled, “Multilayer Ceramic Capacitor Market by Class (Class 1 (NP0 (C0G), P100, and Others (N33 and N75)) and Class 2 (X7R, X5R, Y5V, and Others (Z5U and X7S)), Application (Consumer Electronics, Automotive, Manufacturing, Healthcare, and Others (Defense and Aviation)) - Global Opportunity Analysis and Industry Forecast, 2018–2024”. According to the report, the global multi-layer ceramic capacitor market accounted for $5.32 billion in 2017 and is projected to reach $7.83 billion by 2024, registering the CAGR of 5.5% during the forecast period.

Benefits of multi-layer ceramic capacitors such as excellent frequency characteristics, high resistance to abnormal voltage, and compact size the market have propelled the market growth in the recent years. However, high prone to physical damage such as cracking hampers the market growth. On the contrary, surge in demand from consumer electronics and increase in automotive electronics are expected to create lucrative opportunities for the market players in the near future.

At present, Asia-Pacific dominates the market, followed by North America. In 2017, China dominated the Asia-Pacific market and Germany led the overall market in Europe. However, in North America, the U.S. currently leads the market.

Enhanced frequency characteristics and high resistance to abnormal voltage propel the growth of the global MLCC market. In addition, performance advantages of MLCC such as high capacitance & lower impedance and its compact size contribute towards the market growth. However, MLCCs are highly prone to physical damage such as cracking, which hampers the market growth.

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The key players profiled in the report include Murata Manufacturing Co., Ltd., Samsung Electro-Mechanics, TDK Corporation, Kyocera (AVX), Taiyo Yuden Co. Ltd., YAGEO Corporation, Walsin Technology Corporation, KEMET, Vishay, and Darfon Electronics Corp. They have adopted various strategies such as mergers & acquisitions, collaborations, partnerships, and others to gain the strong position in the industry.

Key Findings of the Multi-Layer Ceramic Capacitor Market:

• The NP0 (C0G) segment generated the highest revenue in 2017.
• In 2017, X7R segment was the highest revenue contributor in the class 2 segment.
• LAMEA is anticipated to exhibit the highest CAGR during the forecast period.
• In 2017, Asia-Pacific contributed the highest market share, followed by North America, Europe, and LAMEA.

Analyst Review:

The multilayer ceramic capacitor (MLCC) market possesses high growth potential, owing to increase in demand for multilayer ceramic capacitors from the developing countries such as China, India, and others. Companies in this industry adopt various innovative techniques such as product launch, innovation, and merger to provide customers with advanced and innovative product offerings.

Enhanced frequency characteristics and high resistance to abnormal voltage significantly contribute towards the growth of the global MLCC market. Moreover, performance advantages offered by MLCC such as high capacitance & lower impedance and its compact size are major drivers of this market. However, MLCCs are highly prone to physical damage such as cracking, which impedes growth of this market. Conversely, increase in need for automotive electronics and upsurge in demand for consumer electronics are expected to create lucrative opportunities for the key players operating in the global market.

In addition, increase in trend of Internet of Things (IoT) & 5G technology and upgradation of automotive electronics are expected to boost the demand for MLCCs in the near future. Furthermore, the key players are focusing more on the automotive-use MLCCs rather than the ultra-compact MLCCs. This indicates that the automotive sector possesses high growth potential, which in turn is anticipated to provide lucrative opportunities for the expansion of the MLCC market.

Among the analyzed geographical regions, Asia-Pacific is expected to account for the highest revenue in the global market throughout the forecast period, followed by North America, Europe, and LAMEA. However, LAMEA is expected to grow at a higher rate, predicting a lucrative market growth for multi-layer ceramic capacitors.

Murata Manufacturing Co., Ltd., Samsung Electro-Mechanics, TDK Corporation, Kyocera (AVX), Taiyo Yuden Co. Ltd., YAGEO Corporation, Walsin Technology Corporation, KEMET, Vishay, and Darfon Electronics Corp are the key players that occupy a significant revenue share in the market.

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