Press release
Multilayer Ceramic Capacitor Market: Strong Growth Forecast with Key Trends, Drivers, and Market Size for 2024-2029
Multilayer Ceramic Capacitor Market
What Is The Projected Market Size Of The Global Multilayer Ceramic Capacitor Market And Its Growth Rate?
• Historical Period (2024-2025): The multilayer ceramic capacitor market is anticipated to grow from $11.08 billion in 2024 to $11.97 billion in 2025 at a CAGR of 8.0%. Factors such as electronics demand, miniaturization in electronics, advancements in consumer electronics, industrial automation, renewable energy adoption, and medical device advancements contribute to this growth.
• Forecast Period (2025-2029): It's expected to see strong growth to $16.48 billion in 2029 at a CAGR of 8.3%. The growth can be attributed to electronics market growth, automotive electrification, rise in IoT devices, and growing consumer electronics demand.
What Is Driving The Growth In The Multilayer Ceramic Capacitor Market?
The multilayer ceramic capacitor market growth is expected to be propelled by the automotive industry's growing demand. The emergence of Electric Vehicles (EVs) is causing a surge in demand for multilayer ceramic capacitors as they are integral to the functioning of EVs and their small-value capacitances. For instance, a May 2022 published report, Global EV Outlook 2022, reveals that the sales of EVs doubled from the previous year in 2021, recording a new high of 6.6 million units.
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Who Are the Key Players Driving Multilayer Ceramic Capacitor Market Growth?
• 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.
What Are The Key Trends In The Multilayer Ceramic Capacitor Market?
• Technological advancements, including manufacturing MLCCs using recyclable PET
• Miniaturization of MLCCs
• High-temperature MLCCs
• Global economic trends
• Market Competition
• Supply Chain Dynamics
• Environmental regulations
• Advancements in aerospace electronics
What Are The Segments Of The Global Multilayer Ceramic Capacitor Market?
• By Equipment Type: Class 1, Class 2
• By Rated Voltage Range: Low Range (Up To 50V), Mid Range (100V To 630V), High Range (1000V And Above)
• By Application: Consumer Electronics, Automotive, Manufacturing, Healthcare, Other Applications
Which Region Leads The Multilayer Ceramic Capacitor Market?
In 2024, Europe was the leading region in the multilayer ceramic capacitor market. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Multilayer Ceramic Capacitor Market Global Market Report?
- Market Size Analysis: Analyze the Multilayer Ceramic Capacitor Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Multilayer Ceramic Capacitor Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Multilayer Ceramic Capacitor Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Multilayer Ceramic Capacitor Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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