According to a new market report published by Lucintel, the future of the multilayer ceramic capacitor (MLCC) market looks promising with opportunities in the computer, telecom, consumer, automotive, and industrial sectors. The global multilayer ceramic capacitor market is expected to reach an estimated $19.7 billion by 2027 with a CAGR of 6.8% from 2021 to 2027. The major drivers for this market are increasing demand for consumer electronic products, growing demand for premium smartphones, and increasing production of electric vehicles.
In this market, low voltage and high voltage multilayer ceramic capacitors are used in various end use industries. Lucintel forecasts that low voltage multilayer ceramic capacitors will remain the largest segment over the forecast period due to their wide application area and growing demand in the consumer electronics market.
Within the multilayer ceramic capacitor market, telecom will remain the largest end use market due to the increasing use of MLCC in premium smartphones. Lucintel predicts that automotive is expected to witness the highest growth over the forecast period due to growth in electric vehicles and increasing demand for advanced driver-assistance systems (ADAS) in the automotive industry.
Asia Pacific is expected to remain the largest market by value and volume, and it is also expected to witness the highest growth over the forecast period due to the increasing electronic content in automotive and growth in consumer electronic devices & telecommunication products. Increasing use of electric vehicles due to growing environmental concerns and regulations is also expected to drive the demand for MLCC in this region.
An emerging trend, which has a direct impact on the dynamics of the industry, is the development of ultra-small case size capacitors for portable electronic devices. Murata, Taiyo Yuden, Kyocera, Yageo, and Samsung Electro Mechanics are among the major manufacturers of multilayer ceramic capacitors.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global multilayer ceramic capacitor market by end use industry, class, voltage, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Multilayer Ceramic Capacitor Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global multilayer ceramic capacitor market by end use industry, class, voltage, and region as follows:
By End Use Industry [Volume (billion pcs) and $M shipment analysis for 2016 – 2027]:
Computers
Telecom
Consumer Electronics
Automotive
Industrial and Others
By Class [Volume (billion pcs) and $M shipment analysis for 2016 – 2027]:
By Voltage [Volume (billion pcs) and $M shipment analysis for 2016 – 2027]:
By Region [Volume (billion pcs) and $M shipment analysis for 2016 – 2027]:
Europe
Asia Pacific
Rest of the World
This 207-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.