Press release
Multilayer Ceramic Capacitor Industry Outlook 2025-2029: Market Set to Cross $15.88 Billion Milestone
Multilayer Ceramic Capacitor
How Large Will the Multilayer Ceramic Capacitor Market Size By 2025?
In recent times, the market size of the multilayer ceramic capacitor has seen robust growth. It is projected to expand from $11.08 billion in 2024 to $11.76 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.1%. The surge during the historical period can be credited to factors such as increased demand in electronics, trend towards miniaturization in electronics, progress in consumer electronics, advancements in industrial automation, adoption of renewable energy, and improvements in medical devices.
How Big Is the Multilayer Ceramic Capacitor Market Size Expected to Grow by 2029?
The market size for multilayer ceramic capacitors is anticipated to experience a robust growth in the upcoming years, reaching $15.88 billion in 2029 with a compound annual growth rate (CAGR) of 7.8%. This surge during the projected period can be credited to the expansion of the electronics market, electrification of automobiles, an increase in IoT devices, and a rising demand for consumer electronics. Key trends during this forecast period are international economic trends, market rivalry, alterations in the supply chain, environmental directives, and progress in aerospace electronics.
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Which Key Market Drivers Powering Multilayer Ceramic Capacitor Market Expansion and Growth?
The proliferation of electric vehicles (EVs) in the automotive industry is set to boost the multilayer ceramic capacitors market. EVs are vehicles powered by electric motors that use electricity stored in batteries, as opposed to fossil fuels such as gasoline or diesel. The escalation in the production and sales of EVs will generate considerable demand for multilayer ceramic capacitors, given their crucial role and small-value capacitances in EVs. As per the Global EV Outlook 2022 report published in May 2022, EV sales in 2021 witnessed a twofold rise from the previous year, touching a new record of 6.6 million. Consequently, the surge in demand from the automotive industry due to the emergence of EVs will drive the expansion of the multilayer ceramic capacitors market.
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What Trends Will Shape the Multilayer Ceramic Capacitor Market Through 2029 and Beyond?
The integration of technological innovations is becoming a prominent tendency in the multilayer ceramic capacitor market. Key businesses in the sector are applying novel technologies in creating multilayer ceramic capacitors, including MLCCs made from recyclable polyethylene terephthalate (PET), miniaturized MLCCs, high-temperature MLCCs, amongst others, to secure their market standing. To illustrate, TDK Corporation, a Japanese electronic components manufacturer, came up with a recycling method in January 2022 that effectively reuses PET films employed in multilayer ceramic capacitors (MLCCs) manufacturing. This is significant since the surfaces of leftover PET films from MLCC production are often subjected to specific treatments, thus they cannot be reused unless subjected to further treatments.
What Are the Emerging Segments in the Multilayer Ceramic Capacitor Market?
The multilayer ceramic capacitor market covered in this report is segmented -
1) By Equipment Type: Class 1, Class 2
2) By Rated Voltage Range: Low Range (Up To 50V), Mid Range (100V To 630V), High Range (1000V And Above)
3) By Application: Consumer Electronics, Automotive, Manufacturing, Healare, Other Applications
Subsegments:
1) By Class 1: C0G (NP0) Capacitors, C1G Capacitors, Temperature-Stable Capacitors
2) By Class 2: X7R Capacitors, X5R Capacitors, Y5V Capacitors
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Who Are the Global Leaders in the Multilayer Ceramic Capacitor Market?
Major companies operating in the multilayer ceramic capacitor market are 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.
Which are the Top Profitable Regional Markets for the Multilayer Ceramic Capacitor Industry?
Europe was the largest region in the multilayer ceramic capacitor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multilayer ceramic capacitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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