MLCC Market Size, Share, Growth, and Industry Analysis by Type (X7R, X5R, C0G (NP0), Y5V, and Others) By Application (Consumer Electronics, Automotive, Industrial Machinery, Defense, and Others), Regional Forecast to 2033

• 

  Request a Free sample to learn more about this report

MLCC MARKET OVERVIEW

The global mlcc market was valued at USD 23.84 billion in 2024 and is expected to grow to USD 26.44 billion in 2025, reaching USD 60.55 billion by 2033, with a projected CAGR of 10.9% during the forecast period.

MLCC is known as multilayer ceramic chip capacitors, the equipment is important in building blocks of modern electronics.

The market is anticipated to witness promising growth potential owing to increased demand from automotive sector, rise in adoption in telecommunication among end-user sector, and rapid development of 5G technology. Further, huge adoption of modern electronic equipment, which is estimated to drive market growth in the forthcoming years. Growing usage of the product in smartphones, smart wearables, and other electronic devices is anticipated to accelerate market progress. Growth in automotive sector and recent technology advancements which is estimated to fuel market progress in the coming years. Emergence of internet of things (loT) and presence of several market players is anticipated to foster market progress. Increased adoption of electric vehicles and the product is one of the most widely used passive components which is extensively used in automotive, consumer electronics, and other sectors is anticipated to surge market growth in the coming years. The product is a dielectric, fixed with metal layers. The product is ideal for applications with high frequency, high voltage, high power and high temperature. Such broad applications of the device are anticipated to surge market growth. On the contrary, challenges associated with miniaturization of MLCCs is expected to harm market growth.

MLCC MARKET KEY FINDINGS

COVID-19 IMPACT

Delays in 5G Base Station Deployments and Lower Manufacturing Activities to Hamper Market Progress

The COVID-19 pandemic affected several business operations. The market witness downfall due to delays in 5G base station deployments and lower manufacturing, and halt in developments of connected vehicles. Reduced demand for electronics and telecommunication progress to harm market growth.

LATEST TRENDS

Huge Demand from Automotive Sector to Boost Equipment Demand

The increased demand for development in automotive sector and growing popularity of the device in automotive industry is estimated to surge market growth.  Rise in deployment of electronic devices in automobiles such as infotainment systems, engines powertrains, and others are estimated to accelerate to boost market progress. Huge demand to improve safety features and capacitance is predicted to foster market growth in the coming years. Also, huge demand for hybrid electric vehicles and self-driving vehicles is anticipated to fuel market growth in the forthcoming years. The equipment also used in petroleum and gases vehicles which, is projected to fuel market growth.

• Rising Use in Automotive Electronics : According to the Japan Electronics and Information Technology Industries Association (JEITA), automotive MLCC consumption increased by 23% from 2021 to 2023, driven by the growing integration of Advanced Driver Assistance Systems (ADAS) which require over 5,000 MLCC units per vehicle in electric cars.

• Miniaturization Driving Higher Layer Count : As per TDK Corporation's technology report, MLCCs with over 1,000 layers have entered mass production in 2023, representing a 40% increase in layer density compared to 2020, allowing for higher capacitance in smaller footprints.

Request a Free sample to learn more about this report

MLCC MARKET SEGMENTATION

By Type

Based on type, the market is divided into X7R, X5R, C0G (NP0), Y5V, and others.

X7R is expected to be the top part of type segmentation.

By Application

Based on the application, the market is divided into consumer electronics, automotive, industrial machinery, defense, and others.

Automotive is expected to be the top part of application segmentation.

DRIVING FACTORS

Growing Demand for Effective Telecommunication System among End-Users to Accelerate Market Growth

Rise in adoption in telecommunication among end-user sector, and rapid development of 5G technology. Further, huge adoption of modern electronic equipment, which is estimated to drive market growth in the forthcoming years. Growing usage of the product in smartphones, smart wearables, and other electronic devices is anticipated to accelerate market progress. Growth in automotive sector and recent technology advancements which is estimated to fuel market progress in the coming years. Emergence of internet of things (loT) and presence of several market players is anticipated to foster market progress. Ongoing R&D activities and increased developments is anticipated to fuel MLCC market growth in the coming years.

• Proliferation of 5G and IoT Devices : According to the Ministry of Internal Affairs and Communications Japan, over 2.7 billion IoT devices were deployed globally in 2023, requiring dense MLCC integration, with each smartphone embedding over 800 MLCC units.

• Growth in Renewable Energy Systems : The U.S. Department of Energy reported that inverter-based renewable energy systems (like solar) now constitute 26% of grid-connected power in the U.S., each system embedding more than 2,000 MLCCs for voltage regulation.

Emergence of Internet of Things (loT) to Fuel Market Progress

The growing demand for internet of things (loT) among growing population and loT devices are used to connect smart warble, home loT appliances, smart entertainment devices, security cameras, and other smart gadgets. The device offers to enable systems to collaborate and communicate and growing need to increase efficiency and reduce operation cost is anticipated to boost device adoption. Increased adoption of electric vehicles and the product is one of the most widely used passive components which is extensively used in automotive, consumer electronics, and other sectors is anticipated to surge market growth in the coming years. The product is a dielectric, fixed with metal layers. The product is ideal for applications with high frequency, high voltage, high power and high temperature. Such broad applications of the device are anticipated to surge market growth.

RESTRAINING FACTORS

Challenges Associated with Miniaturization of MLCCs to Limit Market Progress

Challenges associated with miniaturization of MLCCs is expected to harm market growth.  

• Raw Material Supply Volatility : According to the United States Geological Survey (USGS), global tantalum and palladium output decreased by 7% and 5% respectively in 2023, disrupting MLCC production due to material dependency.

• Geopolitical Tensions Affecting Production : Taiwan, accounting for over 35% of global MLCC manufacturing (per Taiwan External Trade Development Council), faced export disruption in Q4 2023 due to regional tensions, impacting global supply chains.

• Request a Free sample to learn more about this report

•  

MLCC MARKET REGIONAL INSIGHTS

Rapid Development of 5G Technology and Huge Adoption of Modern Electronic Equipment in North America to Drive Market Share

North America is anticipated to hold largest MLCC market share owing to rise in adoption in telecommunication among end-user sector, and rapid development of 5G technology. Further, huge adoption of modern electronic equipment, which is estimated to drive market growth in the forthcoming years. Growing usage of the product in smartphones, smart wearables, and other electronic devices is anticipated to accelerate market progress. Growth in automotive sector and recent technology advancements which is estimated to fuel market progress in the coming years. Emergence of internet of things (loT) and presence of several market players is anticipated to foster market progress. Increased adoption of electric vehicles and the product is one of the most widely used passive components which is extensively used in automotive, consumer electronics, and other sectors is anticipated to surge market growth in the coming years. The product is a dielectric, fixed with metal layers. These factors are estimated to drive market progress.

KEY INDUSTRY PLAYERS

Leading Players Adopt New Strategies to Stay Competitive

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

• Kyocera (AVX) (Japan) : In 2023, Kyocera (AVX) produced over 55 billion MLCC units globally, with 65% allocated to automotive and telecommunications sectors, according to company sustainability reports.

• Samsung Electro-Mechanics (South Korea) : According to the Korea Electronics Association, Samsung Electro-Mechanics shipped over 160 billion MLCCs in 2023, with more than 40% going into smartphones and wearable devices.

List of Top MLCC Companies

• Kyocera (AVX) (Japan)
• Samsung Electro-Mechanics (South Korea)
• Samwha (South Korea)
• Darfon (U.S.)
• Holy Stone (China)
• Murata (Japan)
• MARUWA (Japan)
• Fenghua (China)
• Taiyo Yuden
• TDK
• Nippon Chemi-Con (Japan)
• Vishay (U.S.)
• Walsin
• Three-Circle
• Eyang (Tianli) (China)
• Yageo
• NIC Components (U.S.)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.