According to Market Research Future (MRFR), Globally, the size of multilayer ceramic capacitor market is set to grow at a CAGR of 5.30% from a value of USD 5,624.2 million in 2021 to hit USD 23.3 Billion by 2030 driven by the major factor that leads to an increase in the global multilayer ceramic capacitor market is the widespread adoption due to its ability to pack multiple components in one single package The report explores and examines the effect of the COVID-19 outbreak on the global multilayer ceramic capacitor (MLCC) market, including possible opportunities and threats, drivers, and risks.
Multilayer ceramic
capacitor (MLCC) is an essential component in electrical and electronic devices,
including mobile devices, automobiles, and household appliances. Capacitors
allow the temporary storage of electric charges in electronic circuits; they
are often used for noise suppression to remove unwanted signals.
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Key Players
The industry giants in
the multilayer ceramic capacitor industry include Murata Manufacturing Co.,
Ltd. (Japan), AVX Corporation (US), Samsung Electro-Mechanics (South Korea),
TDK Corporation (Japan), API Technologies Corp. (US), YAGEO Corporation
(Taiwan), Würth Elektronik GmbH & Co. KG (Germany), Taiyo Yuden Co. Ltd.
(Japan), Walsin Technology Corporation (Taiwan), KEMET (US), SAMWHA ELECTRIC
(South Korea), Vishay Intertechnology (US), NIC Components Corp. (US), Darfon
Electronics Corp. (Taiwan), and MARUWA CO., LTD. (Japan). These players
contribute a large share in the growth of multilayer ceramic capacitor market.
Apart from the major
key players, there are other players that contribute to the market growth.
These include Fenghua Advanced Technology (China), Chaozhou Three-Circle
(China), Kyocera (Japan), and Eyang Technology Development Co., Ltd (China).
Market Dynamics
Demand for MLCCs has
risen significantly over the last two years due to the growing demand for
automotive components, the advent of 5 G, and the rapid adoption of IoT. High
capacitance MLCCs are in demand for IoT devices due to their high reliability
and long service life. In addition, the need for high-performance electronics
and electrical devices generates the need for capacitors in high-end products.
MLCC has many advantages, including a wide capacitance and voltage range,
highly reliable efficiency, compactness, and stable temperature dependence.
Multilayer ceramic capacitors are of two types: Class I and Class II. Class I
ceramic capacitors have excellent stability and linear characteristics. Class
II capacitors work better than Class I ceramic capacitors but deliver low
accuracy. However, there has been a lack of supply of MLCCs due to growing
demand in automotive electronics and IoT devices.
Smartphone
manufacturers are concentrating on optimizing the user experience by improving
the battery's efficiency, creating a need for multilayer ceramic capacitors. In
addition, the growth of electric vehicles due to growing government initiatives
and the need for optimum power batteries is expected to increase the market for
high-end multi-layer ceramic capacitors. Besides consumer and automotive
electronics, MLCCs are in high demand in medical electronics and industrial
equipment. In high-frequency applications, MLCCs are used in telecommunication
networks, cellular base stations, GPS devices, and TV set-top boxes.
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Market Segmentation
The global multilayer
ceramic capacitor (MLCC) market has been segmented into type and
application.
By type, the
multilayer ceramic capacitor market has been segmented into Class I and Class
II. The Class I segment has been further divided into C0G/ NP0, U2J, and
others. The Class II segment has been further divided into X7R, X5R, Y5V, Z5U,
and others. C0G / NP0 amounted to the largest revenue share in the Class I
segment in 2018; its dominance is anticipated to remain over the forecast
period. In the Class II segment, the market was dominated by X7R in 2018.
Based on application,
the multilayer ceramic capacitor market has been divided into consumer
electronics, automotive, manufacturing, healthcare, and others. The consumer
electronics segment led the market for multilayer ceramic capacitors in 2018;
it is estimated to generate a substantial revenue share to the market during
the forecast period due to the immense use of multilayer ceramic capacitors in
consumer electronics. The healthcare sector is expected to expand at a
significant CAGR during the forecast period.
Regional Analysis
The geographical
analysis of the global multilayer ceramic capacitor market has been done for
North America, Europe, Asia Pacific, and the rest of the world (including the
Middle East, Africa, and South America).
Among the regions
listed, Asia Pacific is expected to lead the market for multilayer ceramic
capacitor. China, Japan, South Korea, and Taiwan are some of the world's
leading electronics manufacturers, leading to increased demand for multilayer
ceramic capacitors in the region. China, the largest manufacturer and exporter
of consumer electronics is generating enormous opportunities for the multilayer
ceramic capacitor industry's growth. North America is also expected to see a
massive demand for multilayer ceramic capacitor technology. In contrast, Europe
is expected to rise at a substantial CAGR during the forecast period due to the
growing demand for automotive components.
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1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Research Objectives
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.1.5 Bargaining Power Of Suppliers
4.2 Value Chain/Supply Chain Of MLCC
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