Multi-Layer Ceramic Capacitor Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2022-2027

Report Code: ESR 0397 Report Format: PDF + Excel

Multi-Layer Ceramic Capacitor Market Overview

The Global Multi-Layer Ceramic Capacitor market size is estimated to reach $12.6 Billion by 2027, growing at a CAGR of 6.3% during the forecast period 2022-2027. The market growth is due to the increasing application of MLCCs in the consumer electronics & data processing industries, rising usage of electronic control units in automobiles, rising penetration of high-specification devices like smartphones and tablets and so on. Ceramic material serves as the dielectric in resonant circuit applications while alternating layers of metal serve as the electrodes resulting in their widespread use in the electronic equipment industry. According to a report published by China Passenger Car Association in 2022, new-energy vehicle deliveries will rise by 26.7% to nearly 6 million up from 5.5 million in July. The increasing trend toward electric vehicles and vehicle automation technologies, as well as the rising demand for smart home appliances and consumer electronics, are set to transform the Multi-Layer Ceramic Capacitor industry outlook in the coming time. The number of multilayer ceramic capacitors installed in a single automobile is rapidly increasing due to the rising demand for component downsizing, capacitance expansion and greater safety. 

Multi-Layer Ceramic Capacitor Report Coverage

The “Multi-Layer Ceramic Capacitor Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Multi-Layer Ceramic Capacitor Market.

By Product Type: General Type/General Purpose MLCC, Stacked MLCC, Array MLCC, Mega Cap MLCC, Others.
By Voltage Range: Low Range (Less Than 50V), Mid-range (50V to 600V) and High Range (Above 600V).
By Dielectric Type: Class I (C0G, P100, N33, Others), Class II (X7R, X5R, Y5V, Others).
By Termination Style: Axial, Radial, SMT/SMD.
By Industry Vertical: Consumer Electronics (Mobile Phones, Personal Computers, Camera, Others), Automotive (Power Train, Engine Control Units (ECU), Battery Management System, ADAS (Advanced Driver-Assistance System), Others), Industrial, Telecommunication, Medical & Healthcare, Military & Defense and Others.
By Geography: North America (the U.S., Canada, Mexico), Europe (the UK, Germany, France, Italy, Spain, Others), APAC (China, Japan India, South Korea, Australia, Others), South America (Brazil, Argentina, Others), RoW (Middle East, Africa)

Key Takeaways

  • General Type/General Purpose MLCC segment dominated the global Multi-Layer Ceramic Capacitor market in 2021, attributed to the rising utilization of capacitors in various industries like automotive & consumer electronics, the growing trend toward the miniaturization of electronic devices and so on.
  • Automotive industry is analyzed to witness the fastest growth in the global Multi-Layer Ceramic Capacitor market during 2022-2027, due to the growing adoption of electric vehicles & autonomous vehicle technologies, increased use of advanced electronic devices in the automobile sector to ensure vehicle safety and so on. 
  • APAC Multi-Layer Ceramic Capacitor Market held the largest share in 2021, attributed to increasing demand for consumer goods & smart home appliances, rising utilization of capacitors & transmitters in varied end use industries due to their high capacitance levels and miniaturized size and so on.
  • Increasing usage of capacitors in automobile battery management systems combined with rising penetration of electric vehicles and growing application of multi-layer ceramic capacitors in high-power electronic circuits & consumer devices are analyzed to significantly drive the market growth of the Multi-Layer Ceramic Capacitor market during the forecast period 2022-2027.

Global Multi-Layer Ceramic Capacitor Market Value Share, by Region, 2021 (%)

Multi-Layer Ceramic Capacitor Market

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Multi-Layer Ceramic Capacitor Market Segment Analysis - by Product Type

General Type/General Purpose MLCC segment dominated the global Multi-Layer Ceramic Capacitor market with a share of 44% in 2021, attributed to the rising utilization of capacitors in various industries like automotive & consumer electronics, increasing application of capacitors in DC-DC converters, cellular phones, gaming machines & memory modules, the growing trend towards miniaturization of electronic devices and so on. Additionally, noise reduction and compact size of these capacitors facilitate their easy and higher installation in electronic devices, demanding compact chipset designs. In January 2021, KEMET launched A780, PHA225 and PHH225 hybrid-aluminium polymer capacitors. These capacitors provide excellent electronic properties to industrial as well as automotive applications by integrating high conductivity polymer and liquid electrolytic materials into hybrid design. These factors have been eventually leading to the growth of General Type/General Purpose MLCC segment within the Multi-Layer Ceramic Capacitor industry over time.

Multi-Layer Ceramic Capacitor Market Segment Analysis - by Industry Vertical

The automotive industry is analyzed to witness the fastest growing CAGR of 7.4% in the global Multi-Layer Ceramic Capacitor market during 2022-2027, owing to increasing adoption of electric vehicles & autonomous vehicle technologies, government mandate towards adoption of vehicles with advanced driver-assistance systems, increased use of advanced electronic devices in the automobile sector to ensure vehicle safety and so on. In February 2022, Murata launched the NFM15HC435D0E3, an automotive-grade three-terminal multi-layer ceramic capacitor (MLCC) with a capacitance of 4.3 F and a size of 0402 inches. It assists in the separation of electricity and the removal of noise in automobile models equipped with high-performance processors used in advanced driver assistance systems (ADAS) and autonomous driving functions. Such factors are analyzed to accelerate the growth of the Multi-Layer Ceramic Capacitor industry for the automotive sector in the coming time.

Multi-Layer Ceramic Capacitor Market Segment Analysis - by Geography

APAC Multi-Layer Ceramic Capacitor Market held the largest share of 39% in 2021, attributed to the increasing demand for consumer goods & smart home appliances, governmental initiatives towards the adoption of electric vehicles & advanced driver-assistance systems and so on. The rising utilization of capacitors & transmitters in varied end-use industries due to their high capacitance levels and miniaturized size is also aiding its market demands. Additionally, a growing number of R&D activities from major market players like TDK Corporation, Murata Manufacturing, Yageo Corporation and so on along with the growing trend towards miniaturization of electronic devices is accelerating the demand for Multi-Layer Ceramic capacitors within the region. In February 2021, Murata Manufacturing Co., Ltd. launched GCM21BC71E106ME36 multilayer ceramic capacitor with a maximum capacitance of 10uF with a 2012M size & 25V rating for 12V line smoothing applications in automobiles. The report further estimated that it will result in the introduction of approximately 486,000 new-energy vehicles into the market. 

Multi-Layer Ceramic Capacitor Market Drivers

Increasing Usage of Capacitors in Automobile Battery Management Systems combined with Rising Penetration of Electric Vehicles is Propelling the Growth of Multi-Layer Ceramic Capacitor Market:

The growing use of capacitors in automobile battery management systems, combined with the rising popularity of electric vehicles is driving the growth of the Multi-Layer Ceramic Capacitor market. Multi-Layer Ceramic Capacitors are commonly found in critical safety and control systems such as power steering, airbag controls and braking systems. They are being incorporated within engine control units to provide assistance in battery control, fuel engine regulation and electric motors. In the automotive industry, multi-layer ceramic capacitors & film capacitors are widely used to assist DC/DC converters, motor generators as well as onboard chargers. This, in turn, serves as an important component in the automotive market due to its widespread use in conventional ICE vehicles and in electronic chips. According to a SAMSUNG report published in 2021, approximately 10,000 multi-layer ceramic capacitors are used in the development of an automobile and up to 30,000 in a luxury car. In April 2022, Samsung Electro-Mechanics launched 13 types of high-temperature MLCCs for automotive powertrains. These MLCCs can operate in temperatures up to 150°C and were available in a range of sizes and capacitances. These factors will eventually help in expanding the Multi-Layer Ceramic Capacitor market size in the long run.

Growing Application of Multi-Layer Ceramic Capacitors in High-Power Electronic Circuits and Consumer Devices is Boosting the Demand for Multi-Layer Ceramic Capacitors:

The increasing use of Multi-Layer Ceramic Capacitors in high-power electronic circuits and consumer electronics is accelerating the demand for Multi-Layer Ceramic Capacitors. Capacitors determine the stability and reliability of the system which makes them one of the most important components in any electronic design. They are widely used to meet the increasing demand for high charge density materials as they have high dielectric constant & thin dielectric layers. Multi-Layer Ceramic Capacitors are widely used in high-frequency decoupling applications due to being a part of the non-polarized device category. In February 2022, Sabae Murata Manufacturing Co., Ltd. launched a new research and development project with a USD 55.24 million investment. The new Research and development infrastructure will be used to develop layering technology to make electronic components smaller, thinner as well as compact in order to facilitate mass production. In April 2022, Yageo launched the 01005 CQ series of high-frequency grade MLCC ceramic capacitors with a capacitance range of 0.1pF -15pF & rated voltages up to 25V. This development was a part of expanding its 01005 commercial high-frequency grade MLCC product range with capacity to X7R, X5R and NPO, in order to meet rising demands for smaller components within the consumer electronics industry. These factors are set to elevate the growth of the Multi-Layer Ceramic Capacitor market size in the coming time. 

Multi-Layer Ceramic Capacitor Market Challenges

High Manufacturing Costs and lack of Awareness Regarding the Benefits of Using Multi-Layer Ceramic Capacitors are Restricting their Market Growth:

High manufacturing costs coupled with a lack of awareness about their benefits act as a major factor hampering the growth of the Multi-Layer Ceramic Capacitor industry. Copper and nickel electrodes are commonly used as termination materials for base metal electrodes in multi-layered ceramic chip capacitors. The development of MLCC requires roughly 17% plating materials by weight to ensure solderability. As a result, termination materials constitute a significant portion of the variable materials and their costs have a direct impact on the production cost of Multi-layered ceramic capacitors. Thus, Multi-layered ceramic capacitors are expensive due to the high cost of the base material. According to Alibaba, an e-commerce site the price of multi-layered ceramic capacitors ranges between $300 and $500. Furthermore, electronics companies like Apple, GoPro and Tesla release new product lines every year, making it difficult to predict their demand, as well as the lack of awareness about the benefits of using such capacitors among manufacturers, is limiting their market growth over time.

Multi-Layer Ceramic Capacitor Industry Outlook

Product launches, acquisitions and R&D activities are key strategies adopted by players in the Multi-Layer Ceramic Capacitor Market. The top 10 companies in the Multi-Layer Ceramic Capacitor market are:

  1. Murata Manufacturing Co. Ltd.
  2. Taiyo Yuden Co. Ltd.
  3. Kyocera Corporation
  4. Yageo Corporation
  5. Walsin Technology Corporation
  6. TDK Corporation.
  7. KEMET Corporation
  8. Knowles Capacitors
  9. Samsung Electro-Mechanics
  10. Vishay Intertechnology Inc.

Recent Developments

  • In December 2021, Murata Manufacturing Co. Ltd., launched GCM31CC71C226ME36, a multilayer ceramic capacitor (MLCC) for automotive powertrain/safety applications with a maximum capacitance of 22 F and a voltage rating of 16V. Additionally, the small size of these ceramic capacitors increases the capacitance and improves safety.
  • In September 2021, YAGEO Group launched the AC Series of automotive-grade multilayer ceramic capacitors and expanded its product line to improve the quality & reliability of automotive applications. It covers both class I NPO and class II X7R with capacitances up to 220 pF for NPO and 1nF for X7R.
  •  In April 2021, TAIYO YUDEN CO. LTD., launched nine products, including the HMK105B7103KVHFE, a 1005-size medium-to-high voltage multilayer ceramic capacitor with electrodes. The products will help to reduce the size of finished gadgets by 75%. 

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1. Multi-Layer Ceramic Capacitor Market - Market Overview
    1.1 Definitions and Scope
2. Multi-Layer Ceramic Capacitor Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by Industry Vertical
    2.3 Key trends segmented by geography
3. Multi-Layer Ceramic Capacitor Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis
4. Multi-Layer Ceramic Capacitor Market – Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Framework Overview
    4.2 New Business and Ease of Doing business index
    4.3 Case studies of successful ventures
    4.4 Customer Analysis
5. Multi-Layer Ceramic Capacitor Market – Startup Company Scenario (Premium)
    5.1 Investment Analysis
    5.2 Venture Capital Funding Scenario
6. Multi-Layer Ceramic Capacitor Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Multi-Layer Ceramic Capacitor Market – By Strategic Analysis (Market Size - $Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product/Market Life Cycle
8. Multi-Layer Ceramic Capacitor Market - By Type
    8.1 General Type/General Purpose MLCC
    8.2 Stacked MLCC
    8.3 Array MLCC
    8.4 Mega Cap MLCC
    8.5 Others
9. Multi-Layer Ceramic Capacitor Market - By Voltage Range
    9.1 Low Range (Less Than 50V)
    9.2 Mid-range (50V to 600V)
    9.3 High Range (Above 600V)
10. Multi-Layer Ceramic Capacitor Market - By Dielectric Type
    10.1 Class I
        10.1.1 C0G
        10.1.2 P100
        10.1.3 N33
        10.1.4 Others
    10.2 Class II
        10.2.1 X7R
        10.2.2 X5R
        10.2.3 Y5V
        10.2.4 Others
11. Multi-Layer Ceramic Capacitor Market - By Termination Style
    11.1 Axial
    11.2 Radial
    11.3 SMT/SMD
12. Multi-Layer Ceramic Capacitor Market - By Industry Vertical
    12.1 Consumer Electronics
        12.1.1 Mobile Phones
        12.1.2 Personal Computers
        12.1.3 Camera
        12.1.4 Others
    12.2 Automotive
        12.2.1 Power Train
        12.2.2 Engine Control Units (ECU)
        12.2.3 Battery Management System
        12.2.4 ADAS (Advanced Driver-Assistance System)
        12.2.5 Others
    12.3 Industrial
    12.4 Telecommunication
    12.5 Medical & Healthcare
    12.6 Military & Defense
    12.7 Others
13. Multi-Layer Ceramic Capacitor Market - By Geography (Market Size - $Million/Billion)
    13.1 North America
        13.1.1 the U.S.
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 the UK
        13.2.2 Germany
        13.2.3 France
        13.2.4 Italy
        13.2.5 Spain
        13.2.6 Others
    13.3 APAC
        13.3.1 China
        13.3.2 Japan
        13.3.3 India
        13.3.4 South Korea
        13.3.5 Australia
        13.3.6 Others
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Others
    13.5 RoW
        13.5.1 the Middle East
        13.5.2 Africa
14. Multi-Layer Ceramic Capacitor Market – Entropy
15. Multi-Layer Ceramic Capacitor Market - Industry Competition Landscape (Premium)
    15.1 Global Market Share
    15.2 Market Share by Region
    15.3 Market Share by Industry Vertical
16. Multi-Layer Ceramic Capacitor Market - Key Company List by Country Premium (Premium)
17. Multi-Layer Ceramic Capacitor Market Company Analysis
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10
* "Financials would be provided to private companies on best-efforts basis."
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