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Multi-Layer Ceramic Capacitor Market size was valued at USD 14 billion in 2019 and is poised to grow from USD 15.93 billion in 2023 to USD 44.81 billion by 2031, growing at a CAGR of 13.8% in the forecast period (2024-2031).

The Multi-Layer Ceramic Capacitor Market is moderately competitive and consists of some influential players. These players with a noticeable share in the market are concentrating on expanding their customer base across foreign countries. They are leveraging strategic collaborative actions to improve their market percentage and enhance their profitability. 'Murata Manufacturing Co. Ltd.', 'Samsung Electro-Mechanics Co. Ltd.', 'TDK Corporation', 'KYOCERA Corporation', 'Taiyo Yuden Co. Ltd.', 'Walsin Technology Corporation', 'YAGEO Corporation', 'Vishay Intertechnology Inc.', 'KEMET Corporation', 'AVX Corporation', 'Darfon Electronics Corporation', 'Fenghua Advanced Technology Holding Co. Ltd.', 'Holy Stone Holdings Co. Ltd.', 'Chaozhou Three-Circle (Group) Co. Ltd.', 'Johanson Dielectrics Inc.', 'Token Electronics Industry Co. Ltd.', 'Sangdest Microelectronic (Nanjing) Co. Ltd.', 'SAMSUNG Electro-Mechanics Deutschland GmbH', 'Inner Mongolia Yuanxing Electronic Co. Ltd.', 'Eyang Holdings Group Co. Ltd.'

Increased demand from the automotive industry due to the emergence of electric vehicles, the automotive industry is he one of the most important end-users of MULTI-LAYER CERAMIC CAPACITORs. Automotive grade MULTI-LAYER CERAMIC CAPACITORs have gained popularity in recent years and are expected to boost the growth of the overall MULTI-LAYER CERAMIC CAPACITOR market. The increasing use of electronic devices in automobiles, such as engines, powertrains and infotainment systems, is accelerating the demand for multilayer ceramic capacitors. Constant progress in the automotive industry requires smaller components, increased capacity, and improved safety features. Furthermore, self-driving cars, hybrid electric vehicles (HEV), plug-in hybrid electric vehicles (PHEV) and advanced driver assistance systems (ADAS) used in automobiles inherently require his MULTI-LAYER CERAMIC CAPACITOR. In fact, the number of MULTI-LAYER CERAMIC CAPACITORs required for ADAS and EVs is much higher than for gasoline and gasoline vehicles.

As more car models are equipped with advanced assemblies, the number of MULTI-LAYER CERAMIC CAPACITORs used in these vehicles is also expected to increase. MULTI-LAYER CERAMIC CAPACITORs are used in a wide variety of consumer electronics such as drones, wearable electronics, smart TVs, camcorders, printers, computers and laptops. Growing preference for using smart electronics and changes in people's lifestyles are driving the growth of the consumer electronics market in particular, and the growing demand for consumer electronics is reflected in the increasing adoption of MULTI-LAYER CERAMIC CAPACITORs.

Asia Pacific registered a growth of USD 3.7 billion in 2021 this is due to be a key manufacturing hub for electronic devices. Asia Pacific is expected to hold the largest share in the MULTI-LAYER CERAMIC CAPACITOR market during the forecast period. China's EV market alone grew by 155% from 2020 to 2021, according to the Electric Vehicle World Sale Database (ev-volumes.com). The number of MULTI-LAYER CERAMIC CAPACITORs used per vehicle in the Asia Pacific The number is also expected to increase at a higher rate. The commercial deployment of 5G communication technology has increased the demand for high performance and high reliability MULTI-LAYER CERAMIC CAPACITORs. A second wave of 5G network deployments has begun in the Asia-Pacific region, with significant 5G-related activity taking place in a number of new markets such as India, Indonesia and Malaysia. According to the System for Mobile Communications Association (GSMA), there will be about 456 million 5G subscribers by 2025, 14% of the total subscribers in the region.

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Global Multi-layer Ceramic Capacitor Market

Product ID: SQMIG45K2025

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