PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1092206
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1092206
The global Multilayer Ceramic Capacitor market is estimated to be worth $6,005.5 million in 2021. Multilayer Ceramic Capacitor market is expected to expand at an 6.1% CAGR during the forecast period.
An electric component called a capacitor is made up of two electrical conductors separated by a thin insulating substance. A Multilayer Ceramic Capacitor (MLCC) is a sandwich construction made up of many layers of ceramic inner electrodes. The MLCC is a surface-mounted device (SMD) capacitor that is utilized in a variety of capacitance applications, including telecommunications, data processing, PCs, hard discs, mobile phones, PCs, DVDs, cameras, and general electronic circuits, among others. Agricultural Variable Rate Technologies (MLCCs) have unique qualities such as size and shape flexibility, low cost, and the capacity to tolerate high voltages, and are regarded as the most trustworthy.
However, the ability to bundle several components into a single package was the most important feature that led to their broad use. Each MLCC includes hundreds of layers, each of which functions independently. This removed the need for additional circuitry components.
Consumer electronics demand has been rising, particularly in emerging countries such as Malaysia, China, and others. Factors such as rising disposable income and the emergence of a middle class drive up the market for consumer electronics, moving the market forward. This is due to the inclusion of a number of capacitors in consumer electronics such as TVs, smartphones, MP3 players, and some other similar products. Furthermore, smart TVs and LED TVs already have supplanted CRT televisions. As a result, major players in the worldwide MLCC market are expected to benefit from a plethora of chances. Technology advancements, charging infrastructure expansion, and the number of BEV models available may all continue to rise at a much quicker rate than the general car market. Even if total car sales remain unchanged, this growth may promote MLCC adoption.
However, because of the growing number of electronic devices placed in cars, demand for MLCCs has surged, causing supply shortages in a wide range of industries, particularly automakers and smartphone manufacturers. Customers of ordinary MLCCs are among those who are hardest hit by scarcity. Murata and Kyocera, for example, abandoned their products and devoted the majority of their production capacity to automotive MLCC manufacturing. Smaller clients, who typically account for 40-50 percent of total sales, have been harmed by the shortfall.
Multilayer Ceramic Capacitor Market is segmented by type, voltage range, end-user, and geography. Based on application, the residential segment is expected to dominate the global market with a 37% market share. One of the most important categories of the Multilayer Ceramic Capacitor market is automotive. The majority of the market's vendors are boosting their investments in the automobile industry. Some of the major factors driving demand for MLCC in the automotive industry are the increasing government regulations for mandatory Advanced Driver Assistant systems, the rising adoption of electric vehicles and autonomous vehicle technology, and the rising adoption of smart technologies for automotive manufacturing.
The global Multilayer Ceramic Capacitor market is fairly competitive with the presence of a large number of international and national players. Some of the major players in the market are Samsung Electro-Mechanics, Murata Manufacturing, TDK Corporation, and Kyocera, among others. Industry players are relying on strategic mergers and acquisitions to gain a significant share of the global Multilayer Ceramic Capacitor market. For instance, in January 2021, KYOCERA CORPORATION acquired SLD Laser. In addition, in January 2021, Yageo Group launched three hybrid aluminum polymer capacitor series: PHA225, A780, and PHH225.
The scope of this report covers the market by its major segments, which include as follows: