Automotive MLCC Market Size

Automotive MLCC Market Analysis

The Automotive MLCC Market size is estimated at 2.94 billion USD in 2024, and is expected to reach 15.36 billion USD by 2029, growing at a CAGR of 39.23% during the forecast period (2024-2029).

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2.94 Billion

Market Size in 2024 (USD)

15.36 Billion

Market Size in 2029 (USD)

28.33 %

CAGR (2017-2023)

39.23 %

CAGR (2024-2029)

Largest Segment by VehicleType

57.15 %

value share, Heavy Commercial Vehicle, 2023

The rising regulations on vehicle emissions, advancements in vehicle safety, and rapidly growing logistics, retail, and e-commerce sectors are driving the demand for new and advanced heavy commercial vehicles globally.

Fastest Segment by Fuel Type

49.43 %

Projected CAGR, Electric Vehicle, 2024-2029

Increasing demand for fuel-efficient and low-emission vehicles, stringent government rules and regulations toward vehicle emissions, reduction in the cost of electric vehicle batteries, and increasing fuel costs supplement the growth of electric vehicles.

Largest Segment by Propulsion Type

84.77 %

value share, ICEV - Internal Combustion Engine Vehicle, 2023

Internal combustion engine vehicles (ICEV) dominate the propulsion type segment due to advancements in the efficiency and performance of IC engines.

Largest Segment by Component Type

29.86 %

value share, Powertrain, 2023

The introduction of stringent emission regulations worldwide has increased the demand for superior powertrains, which are lightweight and help increase fuel economy, decrease emissions, and improve vehicle performance.

Fastest Segment by Dielectric Type

39.26 %

Projected CAGR, Class 2, 2024-2029

Increasing production of motor vehicles with the latest technological advancements, such as ADAS, is also increasing the demand for Class 2 dielectric types like X5R, X7R, and Y5V, owing to the reliability and efficiency of operation.

Unveiling the multifaceted role of MLCCs in the automotive evolution is driving MLCC demand

Unveiling the impact of MLCCs in Asia-Pacific, Europe, and North America

Automotive MLCC Industry Segmentation

Heavy Commercial Vehicle, Light Commercial Vehicle, Passenger Vehicle, Two-Wheeler are covered as segments by Vehicle Type. Electric Vehicle, Non-Electric Vehicle are covered as segments by Fuel Type. BEV - Battery Electric Vehicle, FCEV - Fuel Cell Electric Vehicle, HEV - Hybrid Electric Vehicle, ICEV - Internal Combustion Engine Vehicle, PHEV - Plug-in Hybrid Electric Vehicle, Others are covered as segments by Propulsion Type. ADAS, Infotainment, Powertrain, Safety System, Others are covered as segments by Component Type. 0 603, 0 805, 1 206, 1 210, 1 812, Others are covered as segments by Case Size. 50V to 200V, Less than 50V, More than 200V are covered as segments by Voltage. 10 µF to 1000 µF, Less than 10 µF, More than 1000µF are covered as segments by Capacitance. Class 1, Class 2 are covered as segments by Dielectric Type. Asia-Pacific, Europe, North America are covered as segments by Region.

• In the ever-evolving landscape of the automotive industry, the role of MLCCs has moved beyond mere electronic components. These miniature powerhouses are the cornerstone of modern vehicular systems, orchestrating a symphony of functions ranging from power distribution and noise suppression to signal conditioning and voltage regulation.
• The 0 603 MLCCs are compact yet indispensable contributors. These capacitors play a pivotal role in shifting toward compact and energy-efficient designs. With advancements in automotive technologies, the demand for streamlined solutions has elevated the prominence of the 0 603 segment.
• The 0 805 capacitors occupy a significant position in the market, particularly as electric vehicles (EVs) become mainstream. The surge in EV adoption emphasizes the need for effective power distribution and control, underscoring the relevance of the 0 805 segment. As EVs redefine the automotive landscape, these capacitors act as enablers of performance and efficiency.
• The 1 206 capacitors represent a balance between size and versatility, making them a preferred choice for diverse automotive applications. As the automotive industry embraces technological advancements, the importance of the 1 210 segment becomes evident.
• The 'others' segment encompasses an array of capacitance values that cater to specialized automotive requirements. From emerging technologies to unique applications, this diverse segment exemplifies the adaptable nature of MLCCs in meeting distinct automotive needs.