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Multilayer Ceramic Capacitor Market 2024 - By Share, Top Companies, Revenue Outlook And Growth Forecast By 2033
Multilayer Ceramic Capacitor Market
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According to The Business Research Company's, The multilayer ceramic capacitor market size has grown strongly in recent years. It will grow from $10.36 billion in 2023 to $11.27 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to electronics demand, miniaturization in electronics, advancements in consumer electronics, industrial automation, renewable energy adoption, medical device advancements.
The multilayer ceramic capacitor market size is expected to see strong growth in the next few years. It will grow to $15.6 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to electronics market growth, automotive electrification, rise in iot devices, growing consumer electronics demand. Major trends in the forecast period include global economic trends, market competition, supply chain dynamics, environmental regulations, advancements in aerospace electronics.
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Market Drivers and Trends:
A rise in the deployment of 5G is expected to propel the growth of the multilayer ceramic capacitor market going forward. 5G, short for ""fifth generation,"" refers to the latest generation of wireless cellular network technology. It represents a significant advancement in telecommunications standards and capabilities compared to its predecessors, such as 4G (fourth generation) and 3G (third generation). Multilayer ceramic capacitors (MLCCs) play a pivotal role in the deployment of 5G technology, serving as essential components in the infrastructure and devices that power the fifth-generation wireless network. In 5G technology, MLCCs are widely employed in various applications, including base stations, antennas, and communication devices. Their high capacitance, compact size, and ability to handle high frequencies make MLCCs ideal for supporting the rapid data transmission and complex signal processing requirements of 5G networks. For instance, in April 2023, according to an article published by 5G Americas, a US-based company that facilitates the advancement of 5G and the transformation of LTE networks, the global 5G wireless connections increased by 76% from the end of 2021 to the end of 2022, reaching up to 1.05 billion. Therefore, a rise in the deployment of 5G is driving the multilayer ceramic capacitor market.
Technological advancement is a key trend gaining popularity in the multilayer ceramic capacitor market. Major companies operating in the market are incorporating innovative technologies in the manufacture of multilayer ceramic capacitors, such as MLCCs using recyclable polyethylene terephthalate (PET), miniaturization of MLCCs, high-temperature MLCCs, and others to sustain their position in the market. For instance, in January 2022, TDK Corporation, a Japan-based manufacturer of electronic components, developed a recycling technology that successfully repurposes PET films used in the production of multilayer ceramic capacitors (MLCCs). The surfaces of PET films left over from the MLCC production process are often specifically processed, otherwise making it impossible to reuse them without additional processing.
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Major Key Players of the Market:
Murata Manufacturing Co. Ltd., Samsung Electro-Mechanics Co. Ltd., Taiyo Yuden Co. Ltd., Yageo Group, Walsin Technology Corporation, Kyocera Corporation, TDK Corporation, Vishay Intertechnology Inc., Samwha Capacitor Co. Ltd., Nippon Chemi-Con Corporation, Darfon Electronics Corp., MARUWA Co. Ltd., Johanson Dielectrics Inc., Knowles Corp., API Technologies Corp., AVX Corporation, Ceramic Substrates & Components Ltd., Chaozhou Three-Circle (Group) Co. Ltd., Chilisin Electronics Corp., Dearborn Electronics Pvt. Ltd., Delta Electronics Inc., Exxelia Alcon Electronics Pvt Ltd., Faratronic Co. Ltd., Holy Stone Enterprise Co. Ltd., KEMET Corporation, KOA Corporation, NIC Components Corp., Novacap Investments Inc., Presidio Components Inc., RFMW Ltd.
Multilayer Ceramic Capacitor Market 2024 Key Insights:
• The multilayer ceramic capacitor market size is expected to see strong growth in the next few years. It will grow to $15.6 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%.
• Surge In Electric Vehicle Adoption Ignites Growth In The Multilayer Ceramic Capacitors Market
• Advancing The Multilayer Ceramic Capacitor Market With Cutting-Edge Technologies
• Europe was the largest region in the multilayer ceramic capacitor market in 2023
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