MLCC Market REPORT OVERVIEW
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The global MLCC market size was USD 19440 million in 2022 and market is projected to touch USD 54695.87 million by 2032, exhibiting a 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.
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.
MLCC Market SEGMENTATION
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- 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.
"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.
MLCC Market REGIONAL INSIGHTS
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"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.
List of Market Players Profiled
- 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.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 19440 Million in 2022 |
Market Size Value By |
US$ 54695.87 Million by 2032 |
Growth Rate |
CAGR of 10.9% from 2022 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is MLCC market expected to touch by 2032?
The global MLCC market size is expected to reach USD 54695.87 million by 2032.
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What CAGR is MLCC market expected to exhibit by 2032?
The MLCC market is expected to exhibit a CAGR of 10.9% by 2032.
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Which are the driving factors of the MLCC market?
The driving factors of the MLCC market are growing demand for effective telecommunication system among end-users and emergence of internet of things (loT).
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Which are the key player or most dominating companies functioning in the MLCC market?
Kyocera (AVX), Samsung Electro-Mechanics, Samwha, Darfon, Holy Stone, Murata, MARUWA, Fenghua, Taiyo Yuden, TDK, Nippon Chemi-Con, Vishay, Walsin, Three-Circle, Eyang (Tianli), Yageo, and NIC Components are the key player or most dominating companies functioning in the MLCC market.
