Multilayer Ceramic Capacitor
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Multilayer Ceramic Capacitor Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, there has been substantial growth in the market size of multilayer ceramic capacitors. This market is projected to expand from its $11.08 billion valuation in 2024 to a worth of $11.97 billion in 2025, displaying a Compound Annual Growth Rate (CAGR) of 8.0%. This significant growth during the historical period is largely due to heightened demand in electronics, miniaturization within the electronics industry, advancement in consumer electronics, increased industrial automation, a shift towards adopting renewable energy, and strides within the medical device sector.
Multilayer Ceramic Capacitor Market Size Forecast: What’s the Projected Valuation by 2029?
The market for multilayer ceramic capacitors is predicted to experience notable expansion in the coming years, reaching a value of $16.48 billion in 2029 with an 8.3% compound annual growth rate (CAGR). This growth projection for the forecast period is primarily due to the expansion of the electronics market, increased auto electrification, a surge in IoT devices, and heightened demand for consumer electronics. Key trends expected during this forecast period encompass global economic tendencies, market competitiveness, shifts in the supply chain, environmental policy changes, and progress in aerospace electronics technologies.
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What Are the Drivers Transforming the Multilayer Ceramic Capacitor Market?
The proliferation of electric vehicles (EVs) in the automotive sector is anticipated to burgeon the expansion of the multilayer ceramic capacitors market. EVs are charged by electricity stored in batteries, replacing the traditional use of gasoline or diesel. They operate through electric motors, with the escalating production and sales of EVs leading to an influx in the demand for multilayer ceramic capacitors. These capacitors play a crucial role in the functioning of EVs due to their essential operation and tiny value capacitances. For example, the Global EV Outlook 2022 report published in May 2022 reveals that EV sales saw a twofold increase from 2021, touching a startling 6.6 million peak. Consequently, the burgeoning of EVs in the automotive sector will stimulate the growth of the multilayer ceramic capacitors market.
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What Long-Term Trends Will Define the Future of the Multilayer Ceramic Capacitor Market?
The emergence of technological progression is a crucial trend witnessing increased traction in the multilayer ceramic capacitor market. Leading entities within the market are leveraging groundbreaking technologies for producing multilayer ceramic capacitors like MLCCs crafted from recyclable polyethylene terephthalate (PET), the miniaturization of MLCCs, and high-temperature MLCCs, among others to retain their competitive edge. For example, in January 2022, TDK Corporation, an electronic components manufacturer hailing from Japan, conceptualized a recycling method that effectively reprocesses PET films utilized during the multilayer ceramic capacitors (MLCCs) manufacturing. Usually, the remnants of PET films from the MLCC manufacturing cycle need specific treating which makes reusing them without subsequent processing unfeasible.
Which Segments in the Multilayer Ceramic Capacitor Market Offer the Most Profit Potential?
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, Healthcare, 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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Which Firms Dominate the Multilayer Ceramic Capacitor Market by Market Share and Revenue in 2025?
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 Regions Offer the Highest Growth Potential in the Multilayer Ceramic Capacitor Market?
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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