Global Multilayer Ceramic Capacitor Market

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Global Multilayer Ceramic Capacitor Market

The multilayer ceramic capacitor (MLCC) market is expected to grow from USD 14.0 billion in 2022 to USD 26.6 billion by 2027, at a CAGR of 13.8% during the forecast period.

The market for class II dielectric type MLCCs is expected to grow at higher CAGR during the forecast period

The market for class II dielectric type MLCCs is expected to grow at the higher CAGR during the forecast period. In Class II MLCCs, multiple temperature classes exist, each describing the degree of sensitivity over a specific temperature range. As a result, these MLCCs offer larger capacitance in compact surface mount packages. Class II MLCCs are gaining more popularity with the rapid miniaturization of electronics and demand for high capacitance in compact form factor. Hence, the market for Class II dielectric type MLCCs is expected to grow at a higher CAGR as compared to Class I dielectric type MLCCs.

Low rated voltage MLCCs are expected to dominate the Class I dielectric type market throughout the forecast period

Low rated voltage MLCCs are expected to dominate the Class I dielectric type market throughout the forecast period. The main reason for the dominance of low-voltage MLCCs is their high demand in the electronics industry. Most of the widely adopted electronics devices, especially small consumer electronics such as smartphones, smart wearables, true wireless stereo (TWS) headsets, headphones, and calculators, operate at a lower voltage.

Medium-voltage MLCCs account for the second-largest market share as the majority of high end electronic devices and household devices operate within the medium voltage range (100 V-230 V). For example, air conditioners, laptops, PCs, printers, smart television, hard disk drive (HDD)/solid-state drive (SSD), and smart washing machines operates in medium voltage range. High-voltage MLCCs are mainly preferred in industrial equipment, automotive, and other end user industries.

MLCC Market for electronics end-user industry is expected to account for the largest during the forecast period

With growing complexity and increasing size of batteries of communications devices, the demand for smaller and higher-capacity MLCCs has increased. According to Murata's (Japan) estimations, the number of MLCCs installed per smartphone is about 400 to 500 for low-end smartphones, is about 700 to 800 for mid-range smartphones, and is about 900 to 1,100 for high-end smartphones.

The smartphone market is one of the biggest consumers of MLCCs in the consumer electronics segment. With the growing demand for smartphones, the market for MLCCs is further going to expand in the foreseeable future. MLCC manufacturers are creating a variety of products in order to meet such demand.

For instance, Murata (Japan) offers 0603M (0.6 x 0.3mm) size MLCCs for small and compact electronic devices. In addition, the company also offers 0201M (0.25 x 0.125mm) size MLCCs for wearable devices and compact modules, that are being adopted rapidly by end users. Anticipated growth of the market for smaller components and high-density mounting is likely to increase the demand for MLCCs in the electronics end-user industry during the forecast period.


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