As per the Triton Market Research, the Global Multi-Layer Ceramic Capacitor Market report is segmented by Rated Voltage Range (Low Range, Mid Range, High Range), Type (General Capacitor, Array, Serial Construction, Mega Cap, Other Types), Dielectric Type (X7R, X5R, C0G,Y5V, Other Dielectric Types), End-User (Electronics, Automotive, Industrial, Telecommunication, Other End-Users), and Regional Outlook (Asia-Pacific, North America, Europe, Middle East and Africa, Latin America).
The report highlights the Market Summary, Industry Outlook, Porter’s Five Forces Analysis, Market Attractiveness Index, Regulatory Framework, Key Market Strategies, Market Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology and scope, Global Market Size, Forecasts & Analysis (2024-2032).
According to Triton’s research report, the global market for multi-layer ceramic capacitor is estimated to advance with a CAGR of 6.79% in revenue over the forecasting years 2024-2032.
A Multi-Layer Ceramic Capacitor (MLCC) is an electronic component, built with layered ceramic material and metal electrodes. It is primarily used to store and release electrical energy in circuits as it offers a wide range of capacitance values.
MLCCs are used in developing digital circuits and power supplies given their compact size, cost-effectiveness, and temperature stability. Hence, their application plays a vital role in manufacturing and modern electronic design.
Various factors like expansion in consumer electronics sector, increasing demand in the automotive industry, higher adoption of electric vehicles are contributing to the progress of the multi-layer ceramic capacitor market. As EVs become popular, there is a significant rise in the application of MLCCs to support the integrated electrical systems and provide reliable functioning in these vehicles.
Despite the compact solutions offered by MLCCs, there is an increased vulnerability to physical damage Since, the multi-layer ceramic capacitor is extremely sensitive to physical stress, temperature changes, and environment factors, a slight damage during manufacturing or handling poses a significant threat. This raises quality issues and restricts the market growth.
The Asia-Pacific multi-layer ceramic capacitor market is expected to witness the fastest growth in the coming years. With rapid urbanization and fast-phased growth in automobiles industries, government and consumers are now prioritizing the adoption of EVs. Similarly, the shift towards greener technologies, the automotive value chain drives the use of MLCCs.
The prominent entities in the multi-layer ceramic capacitor market are Shenzhen Eyang Technology Development Co Ltd, Spectrum Control, Darfon Electronics Corp, Samsung Electro-Mechanics Co Ltd, Kyocera AVX, Murata Manufacturing Co Ltd, TDK Corporation, Würth Elektronik Group, Taiyo Yuden Co Ltd, Vishay Intertechnology Inc, Walsin Technology Corporation, Knowles Electronics LLC, and Yageo Corporation.
Moreover, the performance advantages offered by multi-layer ceramic capacitor and a firm resistance to abnormal voltages presents an opportunity for the market players. This widens the application of MLCC across multiple electronic products.
