PUBLISHER: Grand View Research | PRODUCT CODE: 1405844
PUBLISHER: Grand View Research | PRODUCT CODE: 1405844
The global multi-layer ceramic capacitor market size is expected to reach USD 16.77 billion by 2030, registering a CAGR of 5.6% during the forecast period, according to a new report by Grand View Research, Inc. High resistance and enhanced frequency of these capacitors are expected to drive the demand.
MLCCs are Surface Mounted Device (SMD) type capacitors used in wide ranges of capacitance. MLCCs are extensively used in numerous end-use industries such as electronics and automotive. These capacitors are preferred over other capacitors owing to features such as higher withstanding voltage, higher reliability, and better frequency. Furthermore, MLCCs are widely used in Radio Frequency (RF) applications such as tuner and cellular phones.
With the view of accommodating popular trends in the electronics industry, such as miniaturization, multi-functional applications, and convergence with high frequency applications, MLCC developers are focusing on the development of advanced MLCC varieties in terms of capacitance. Numerous Chinese capacitor manufacturers are investing in machinery upgrade to meet the processing requirements.
MLCC manufacturers are focusing on offering new varieties of ceramic capacitors such as ultra-small capacitors, high volume capacitors, and low Equivalent Series Inductance (ESL) capacitors to meet the varying needs of customers. In addition, manufacturers are heavily investing in R&D activities to develop advanced MLCCs that can withstand the highly competitive market.