PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1719993
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1719993
Automotive MLCCs Market size was valued at USD 3,240 Million in 2024, expanding at a CAGR of 5.90% from 2025 to 2032.
The automotive MCC (Multilayer Ceramic Capacitor) market is a critical component in the ever-changing automotive industry, ensuring the smooth operation and performance of modern vehicles. MLCCs are small, high-performance electronic components that are widely used in a variety of automotive applications, including powertrain and safety systems, infotainment, and advanced driver assistance technologies.
Automotive MLCCs Market- Market Dynamics
Surge In Electric Vehicle Adoption Ignites Growth in The Automotive MLCCs Market
Growing demand from the automotive industry as electric vehicles (EVs) become more prevalent is expected to drive the growth of the MLCCs Market in the coming years. Electric vehicles have a motor powered by electricity stored in batteries. It runs on electric motors and charges its batteries with electricity rather than using fossil fuels like gasoline or diesel. As the production and sale of EVs increase, so will the demand for multilayer ceramic capacitors, which are an integral part of EVs due to their essential functions and small capacitances. For instance, according to the May 2022 Global EV Outlook 2022 report, electric vehicle (EV) sales doubled from the previous year in 2021, reaching a new high of 6.6 million units. As a result, rising demand from the automotive industry as EVs become more prevalent will drive the automotive MLCCs market forward.
Automotive MLCCs Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.90% over the forecast period (2025-2032)
According to vehicle segmentation, the market was dominated in 2024 by the commercial vehicles segment.
Based on MLCC segmentation, The High-capacitance segment controlled the market.
The leading vehicle in 2024, according to propulsion segmentation, was an ICE.
Based on Voltage segmentation, The more than 200V segment is projected to expand highest CAGR from 2025 to 2032.
Based on Application segmentation, Powertrain systems were the leading Vehicle in 2024
Based on region, Asia Pacific was the leading revenue generator in 2024
The Global Automotive MLCCs Market is divided into several categories, including vehicle, MLCC, propulsion, voltage, application, and region.
Based on propulsion, the market is separated into two segments: ICE and Electric vehicles. The Internal Combustion Engine Vehicle (ICEV) segment will maintain its dominant position in the automotive MLCC market. The segment's established manufacturing infrastructure, as well as ongoing technological advancements in engine efficiency and performance, account for its significant market presence. ICE vehicles continue to incorporate sophisticated electronic systems such as advanced engine management, emissions control, and a variety of safety features, which drives demand for MLCCs. The segment's strength is further strengthened by the ongoing development of hybrid technologies and the integration of start-stop systems, both of which necessitate reliable and high-performance MLCCs for efficient power management and control applications.
Based on voltage, the market is separated into three categories: Less than 50V, 50V-200V, and More than 200V. The more than 200V segment is a remarkable growth trajectory, with the highest CAGR expected from 2025 to 2032. This rapid expansion is primarily due to the increased adoption of electric vehicles (EVs) and the evolution of high-voltage automotive systems. The segment's expansion is aided by rising demand for MLCCs in power conversion modules, charging infrastructure, and high-voltage safety systems. As automotive manufacturers push the boundaries of electric vehicle technology and develop more sophisticated power management systems, the demand for high-voltage MLCCs is expected to increase. The segment's strong growth is also aided by advances in MLCC technology, which improves performance and reliability in high-voltage applications.
Automotive MLCCs Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. Asia Pacific is the dominant force in the global automotive MLCC market. The region's dominance is supported by key manufacturing powerhouses such as Japan, China, and South Korea, which have established themselves as critical hubs for automotive electronics production. The presence of major MLCC manufacturers and their extensive manufacturing facilities has resulted in a strong supply chain ecosystem. The region's leadership is further strengthened by its advanced technological capabilities in electric vehicle production and self-driving cars. The growing emphasis on vehicle electrification, particularly in China and Japan, is driving strong demand for MLCCs.
North America automotive MLCC market is expected to grow significantly between 2025 and 2033. The market in the region is distinguished by a strong emphasis on technological innovation and advanced automotive electronics manufacturing. The growing popularity of electric vehicles and the incorporation of sophisticated ADAS features are driving demand for MLCCs in a variety of automotive applications. The region's automotive industry is undergoing a significant transformation as a result of the push for vehicle electrification and autonomous driving capabilities. The presence of major automotive manufacturers and their commitment to developing next-generation vehicles has resulted in a high demand for high-performance electronic components.
The automotive MLCCs (Multilayer Ceramic Capacitors) industry is highly competitive, with top players including Murata Manufacturing, TDK Corporation, and Yageo Corporation. To meet the increasing demand for efficient and compact components in modern vehicles, the players are focusing on technology development and product innovation. Electric vehicles and advanced driver assistance systems (ADAS) are driving growth, and manufacturers are expanding their manufacturing capabilities and product offerings. Furthermore, strategic partnerships and R&D investments are required to maintain a competitive advantage in this fast-paced market. For instance, in July 2024, KYOCERA AVX enhanced its KAM Series automotive MLCCs with the addition of 20 new components. These components are manufactured using advanced microfabrication and high-capacity atomization technologies, ensuring that their reliability in automotive applications is exceeded. The KAM series has been expanded to include a wider range of case sizes, capacitance values, and voltage ratings for new high-speed automotive circuit designs.
In October 2024, Samsung Electro Mechanics began mass production of new models, including the CL03C221JB31PN#, among others. This model was designed for extreme miniaturization, measuring only 0201 inches (0.6 X 0.3mm) and rated at 50V. It has a C0G dielectric that is rated for temperatures ranging from -55 to 125 degrees Celsius. It also has a capacitance range of 100-220 pF. Deforestation, combined with the industry's focus on ADAS, IVI, communication modules (Wi-Fi, Bluetooth, 5G, NADs), and SiP modules, has resulted in an insatiable demand for smaller multilayer ceramic capacitors. After two years of R&D, Samsung Electro-Mechanics was able to miniaturize C0G capacitors to a size of 0201 in (0.6 x 0.3 mm) by utilizing custom approaches to micronize ceramic and electrode materials and cutting-edge precision stacking techniques. These technologies enabled them to reduce the size of C0G capacitors from the standard 0402 in (1.0 x 0.5 mm).
In May 2023, Murata introduced its EVA series MLCCs, which are suitable for a variety of applications such as On-Board Chargers (OBC), Inverters (Inverter/DC/DC Converter), Battery Management Systems (BMS), and Wireless Power Transfer (WPT). These MLCCs can handle the increased isolation required by the 800V Powertrain Migration while also meeting the miniaturization requirements of modern automotive systems.