Market Synopsis
The global multilayer ceramic capacitor (MLCC) market was valued at USD 5,624.2 million in 2018 and is slated to reach USD 8,067.2 million by the end of the forecast period at a CAGR of 6.38%.
Key players
The major players in the multilayer ceramic capacitor market are Samsung Electro-Mechanics (South Korea), Darfon Electronics Corp. (Taiwan), TDK Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), AVX Corporation (US), API Technologies Corp. (US), Taiyo Yuden Co. Ltd. (Japan), NIC Components Corp. (US), Walsin Technology Corporation (Taiwan), YAGEO Corporation (Taiwan), KEMET (US), Würth Elektronik GmbH & Co. KG (Germany),Vishay Intertechnology (US), SAMWHA ELECTRIC (South Korea), and MARUWA CO., LTD. (Japan).
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Market Highlights
In the last two years , demand for MLCCs has increased significantly due to increased demand for automotive parts, the introduction of 5 G and the rapid adoption of IoT. High capacity MLCCs are in demand for IoT devices due to the high reliability and long service life they offer. Also increasing the need for high-end condensers is the demand for high-performance electronics and electrical equipment. MLCC has many benefits including large capacity and voltage range, highly reliable efficiency, compactness and stable temperature dependence. There are two types of ceramic multilayer capacitors: Class I and Class II. Ceramic condensers Class I have superior stability and linear characteristics. Class II condensers, however, work better than ceramic condensers of Class I; they do deliver low precision. However, the supply of MLCCs has been shortage due to increased demand in automotive electronics and IoT applications.
Smartphone manufacturers focus on optimizing user experience by enhancing battery efficiency which creates the need for multi-layered ceramic capacitors. Furthermore, electric vehicle growth is expected to increase demand for high-end multilayer ceramic condensers due to increased government initiatives and the need for optimum power batteries. In addition to consumers and autos, MLCCs are in high demand in medical electronics and industrial equipment MLCCs are used in high frequency applications in telecom networks, cellular base stations, GPS devices, and TV set-top boxes.
Segmentation
By type , the market was divided into Class I and Class II, subdividing the Class I segment into U2J, C0G / NP0, and others. Segment Class II was split into X5R, X7R, Z5U, Y5V and others. C0G / NP0 contributed to the largest share of Class I revenues in 2018; its predominance is expected to continue over the forecast period.
The multilayer ceramic capacitor industry, based on the application, was segmented into consumer electronics, manufacturing , automotive, healthcare, and others. The product Consumer Electronics led the market for ceramic condensers in 2018; due to the extensive use of multilayer ceramic condensers in consumer electronics, it is expected to contribute significant revenue share to the market during the review period.
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Regional Assessment
Global demand for multilayer ceramic condensers is expected to increase at a significant rate over the forecast period. Geographical analysis was carried out for North America, Europe , Asia-Pacific and the rest of the world (including Middle East , Africa and South America). The Asia-Pacific market for ceramic capacitor multilayer is expected to dominate among the regions listed. China, South Korea , Japan and Taiwan are some of the world’s leading electronics manufacturers, leading to increased demand for ceramic condensers in that area. China as the largest manufacturer and exporter of consumer electronics brings enormous opportunities for the multilayer ceramic capacitor market to expand. North America is also expected to experience enormous demand for multilayer ceramic capacitor technology, while Europe is expected to rise during the forecast period at a significant CAGR due to the growing demand for automotive components.
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