2-in-1 Laptop Market to Reach USD 28.7 billion by 2030, 7.5 Percent CAGR

The global multilayer ceramic capacitor (MLCC) market is witnessing strong growth due to the vehicles, automotive and industrial demand. The market was valued at about USD 13.0 billion in 2023 and is expected to be USD 28.7 billion in 2034, with a compound annual growth rate (CAGR) of 7.5% (2024 - 2034) according to recent analyses.

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Market Insights, Driving Forces, and Opportunities

MLCC Market Growth: The growth of the MLCC market is largely due to the rising use of electronic device and component in prominent industries. Smartphones, tablets, and wearable devices have resulted in an increase in demand for compact, high-performance capacitors in the consumer electronics space. Also, with the automotive sector's ongoing transition to hybrid and EVs and ADAS, the use of MLCCs, which are needed for many electronic control units, has also surged.

This translates into major growth in 5G technology rollout, for which MLCC use is a major requirement for data transmission across telecommunications infrastructure and devices. Moreover, new avenues for MLCC applications are opened with the growing industrial automation and the Internet of Things (IoT), thus providing possibilities for the market to grow.

U.S. Market Trends, Activities and Investments

Amid supportive government policies, investments in semiconductor and electronics manufacturing in the United States reached significant levels in 2024. The passage of the Inflation Reduction Act (IRA) and the CHIPS and Science Act in 2022 prodded a renaissance of domestic manufacturing. These initiatives were responsible for nearly 200 large-scale manufacturing projects, including big pledges from the likes of Intel and Taiwan Semiconductor Manufacturing Company (TSMC). The investments are intended to increase the domestic supply chain for the MLCCs, decreasing reliance on foreign imports and promoting an innovative market in the United States.

Market Segmentation and Leading Segments

The MLCC market by class, application, and end-user industry. There are three primary classes of MLCCs, with Class II MLCCs covering the largest market share owing to their very high capacitance and the wide array of application fit types. By application, the consumer electronics segment accounted for the largest share owing to the widespread use of MLCCs in smartphones, laptops, gaming consoles, etc. The automotive industry also holds a good part of the share, attributed to the industry a quick electrification and adoption of advanced electronic systems.

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Competitive Analysis

Furthermore, the global MLCC market is highly competitive, with numerous players vying for market share, ultimately benefiting consumers through competitive pricing and innovative product offerings. The leading five companies by market share are as follows:

Murata Manufacturing Co., Ltd. (Japan): A key player in the MLCC market, Murata has concentrated on increasing its manufacturing capabilities to satisfy rising demand. In direct response to the requirements of electronic miniaturization, the company has poured resources into the development of advanced materials and technologies with a view to improving capacitor performance in portable applications.

TDK Corporation (Japan) - TDK is a key player in developing automotive and industrial high-reliability MLCCs. Recent innovations in capacitor materials have improved temperature stability and capacitance, thanks largely to the company's recent investments in research and development.

Samsung Electro Mechanics Co., Ltd (South Korea) Samsung invested in various MLCC production facilities. Most recently, the company launched MLCCs that offer greater durability and operational performance in harsh automotive environments.

KEMET Corporation (U.S.) KEMET has focused on making its operations more sustainable and has invested in environmentally friendly capacitor technologies. It has been working towards lead-free MLCCs and capacitors that are less harmful to the environment, keeping up with global trends.

Vishay Intertechnology, Inc. (U.S.)): Vishay has been aimed at expanding upon its MLCC portfolio for various end-use industries varying from consumer electronics to aerospace. Such recent policy changes by the company include strategic alliances, aimed at boosting both its technical capabilities and increase its customer reach in the market.

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Regional Analysis

United States: The U.S. rule a major portion of the global MLCC market, aided by government policies such as the IRA and CHIPS Act, which have driven investments in semiconductor fabrication. Mobilizing these policies aims to enhance domestic production capacity and reduce reliance on foreign suppliers.

United Kingdom: Growth of the UK's MLCC market will be guided by progress in telecommunications and adoption of 5G technology. A favorable government support towards research and development in the electronics sector has also encouraged innovation, leading to growth in the market.

Germany: Germany's robust automotive industry has driven demand for MLCCs, especially in EVs and ADAS. And government subsidies supporting electric mobility and the automotive electronics industry have contributed to the development of the MLCC market.

France: The growing adoption of MLCCs in industrial equipment is a trend driven by France's emphasis on industrial automation and smart manufacturing. MLCC market growth has been supported by Industry 4.0 government initiatives.

Japan: A major hub for electronics manufacturing, japan provides a more mature MLCC ecosystem. Government policies that promoted technological innovation and export-oriented growth strategies have preserved market leadership.

China: The rapid industrialization of China and its tech consumer electronics dominance

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