Thriving Consumer Electronic Industry accelerates the Global Multi-Layer Ceramic Capacitor Market Growth

Inkwood Research estimates that the Global Multi-Layer Ceramic Capacitor Market is evaluated to register a CAGR of 5.25% in terms of revenue during the forecasting years of 2021-2028.

"Browse 57 Market Data Tables and 42 Figures spread over 160 Pages, along with an in-depth TOC on the Global Multi-Layer Ceramic Capacitor Market Forecast 2021-2028."

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Multi-layer ceramic capacitors (MLCCs) are used for applications where small-value capacitances are required. They are utilized as op-amp circuits, bypass capacitors, and filters.

Flourishing Consumer Electronic Industry Propels Market Growth
The electronics industry is the major use of MLCCs. Emerging technologies like cloud, AI, and IoT, and rapid digitalization are set to benefit market growth. The 5G launch will propel these technologies, which will lead to an increasing surge in computing electronics demand.

Manufacturers are integrating more components and circuits with the increasing possibility of miniaturization. With other capacitors not matching the unique characteristics of MLCC, the latter is evaluated to be the prominent factor in the emerging new computing technology.

Moreover, AI-based computing chops are used to process the vast data, network infrastructure to make the data available at the desired location.

The 'smart' aspect of traditional electronics has resulted in a shift to connected devices. This has created an ecosystem full of electronic devices utilizing MLCCs.

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General Capacitor is the Dominating Type
General capacitors are extensively used for their countless applications, and are available in several sizes and capacitances. Their rectangular block-shaped of ceramic dielectric contains several interleaved metal electrodes, leading to a high capacitance per unit volume. They comprise pure tin, and are also known for possessing lead-free termination.

Fastest-Growing Region: Europe
With the European Commission publishing a European strategy for low-emission mobility, the long-term objectives are to minimize oil import dependency, raise innovation and competitiveness, and harbor opportunities for jobs and growth. It also highlights the need to overcome transport electrification and enhance the transport system efficiency by shifting to low and zero-emission vehicles and augmenting low-emission alternative energy sources like renewable electricity.

The increasing demand has resulted in manufacturers prioritizing only a few applications and sectors. There is a wide gap between the demand and supply of multi-layer ceramic capacitors. Some major companies in the market are Murata Manufacturing Co Ltd, Samsung Electro-Mechanics Co Ltd, Kyocera Corporation (AVX Corporation), Kemet Corporation, etc.

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Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.

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