Market Size of electric vehicles mlcc Industry
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 1.03 Billion |
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Market Size (2029) | USD 7.7 Billion |
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Largest Share by Case Size | 0 805 |
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CAGR (2024 - 2029) | 49.43 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Electric Vehicles MLCC Market Analysis
The Electric Vehicles MLCC Market size is estimated at 1.03 billion USD in 2024, and is expected to reach 7.7 billion USD by 2029, growing at a CAGR of 49.43% during the forecast period (2024-2029).
1.03 Billion
Market Size in 2024 (USD)
7.7 Billion
Market Size in 2029 (USD)
45.35 %
CAGR (2017-2023)
49.43 %
CAGR (2024-2029)
Largest Segment by Case Size
44.20 %
value share, 0 805, 2023
The case-size 0805 MLCCs offer efficient energy storage and robust performance. The 0805 package size provides a balance between space utilization and ease of handling during manufacturing processes.
Fastest Segment by Voltage
50 %
Projected CAGR, Less than 50V, 2024-2029
The growth is attributed to the emergence of automotive infotainment systems as a technology that integrates information and entertainment, thus gaining the attention of car manufacturers.
Largest Segment by Capacitance
57.20 %
value share, Less than 10 µF, 2023
The growth is due to the growing adoption of LED lights used in vehicles and technological advancements such as ADAS in automotive.
Fastest Segment by Dielectric Type
50 %
Projected CAGR, Class 1, 2024-2029
The Class 1 MLCCs like COG, X8G, and U2J are widely recognized for their ultra-stable performance across different conditions. These MLCCs are used in various parts of EVs, such as safety systems and DC-DC converters. They contribute to the efficient functioning of EVs and enhance their performance.
Largest Segment by Region
44.97 %
value share, Asia-Pacific, 2023
Government regulations to phase out fossil fuel-powered vehicles, government expenditures to improve public EV charging infrastructure, and initiatives in the form of subsidies and tax refunds to encourage the adoption of EVs are contributing to the segment's growth.
Driving efficiency through revolutionizing automotive systems with MLCCs is further propelling the demand for different case sizes
- In the dynamic evolution of the automotive sector, MLCCs have transcended their conventional role as mere electronic components. These compact powerhouses now serve as the linchpin of contemporary vehicular systems, orchestrating a harmonious interplay of functions spanning power distribution, noise suppression, signal conditioning, and voltage regulation.
- In this landscape, the 0 603 segment emerges as a compact yet indispensable contributor. These capacitors are characterized by compact and energy-efficient designs. As automotive technologies continue to advance, the demand for streamlined solutions has propelled the significance of the 0 603 segment to new heights.
- The 0 805 capacitors hold a noteworthy position, particularly as electric vehicles (EVs) take center stage. The surging adoption of EVs accentuates the imperative of efficient power distribution and control, thereby underscoring the pivotal role of the 0 805 segment. In an era redefined by EVs, these capacitors emerge as catalysts for enhanced performance and efficiency.
- The 1 206 segment strikes a delicate balance between size and versatility, rendering it a preferred choice for diverse automotive applications. As the automotive industry embraces rapid technological strides, the indispensability of the 1 210 segment becomes increasingly evident, seamlessly integrating with cutting-edge advancements.
- The others category encompasses a diverse array of capacitance values meticulously tailored to address specialized automotive requisites. From emerging technologies to unique applications, this dynamic segment exemplifies the unparalleled adaptability of MLCCs in catering to the unique and evolving needs of the automotive realm.
Key catalysts that are fueling multilayer ceramic capacitor (MLCC) growth in the electric vehicle market
- The market dynamics demonstrate, in terms of value, Asia Pacific supremacy with a dominant 44.97% market share, while North America and Europe maintain 23.57% and 22.80% shares, respectively.
- The Asia-Pacific region is at the forefront of the electric vehicle (EV) revolution, showcasing remarkable growth driven by government support, technological advancements, and rising consumer demand. Dominated by key players like China, the region leads in EV production and innovation, solidifying its position as a dynamic force in the global EV market.
- Europe, renowned for its commitment to sustainability, is pioneering the adoption of EVs as a solution to emissions reduction and environmental challenges. Stringent emission regulations and incentivized programs propel rapid EV adoption across European countries. Major automakers are investing significantly in EV production, charging infrastructure, and battery technology to ensure a greener future.
- In North America, a diverse landscape of established and emerging players is shaping the EV market. Government incentives, growing environmental consciousness, and technological advancements are driving the transition toward electric mobility. Tesla's influence remains prominent, fostering innovation and competition within the region, thereby fueling the growth of the electric vehicle market.
- The Rest of the World (RoW) is embracing electrification with unique characteristics. Electric two-wheelers are gaining momentum, addressing urban congestion and offering economic benefits. As the global automotive industry navigates the path to electrification, these regions collectively contribute to shaping the future of the electric vehicle MLCC market.
Electric Vehicles MLCC Industry Segmentation
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 dynamic evolution of the automotive sector, MLCCs have transcended their conventional role as mere electronic components. These compact powerhouses now serve as the linchpin of contemporary vehicular systems, orchestrating a harmonious interplay of functions spanning power distribution, noise suppression, signal conditioning, and voltage regulation.
- In this landscape, the 0 603 segment emerges as a compact yet indispensable contributor. These capacitors are characterized by compact and energy-efficient designs. As automotive technologies continue to advance, the demand for streamlined solutions has propelled the significance of the 0 603 segment to new heights.
- The 0 805 capacitors hold a noteworthy position, particularly as electric vehicles (EVs) take center stage. The surging adoption of EVs accentuates the imperative of efficient power distribution and control, thereby underscoring the pivotal role of the 0 805 segment. In an era redefined by EVs, these capacitors emerge as catalysts for enhanced performance and efficiency.
- The 1 206 segment strikes a delicate balance between size and versatility, rendering it a preferred choice for diverse automotive applications. As the automotive industry embraces rapid technological strides, the indispensability of the 1 210 segment becomes increasingly evident, seamlessly integrating with cutting-edge advancements.
- The others category encompasses a diverse array of capacitance values meticulously tailored to address specialized automotive requisites. From emerging technologies to unique applications, this dynamic segment exemplifies the unparalleled adaptability of MLCCs in catering to the unique and evolving needs of the automotive realm.
| Case Size | |
| 0 603 | |
| 0 805 | |
| 1 206 | |
| 1 210 | |
| 1 812 | |
| Others |
| Voltage | |
| 50V to 200V | |
| Less than 50V | |
| More than 200V |
| Capacitance | |
| 10 µF to 1000 µF | |
| Less than 10 µF | |
| More than 1000µF |
| Dielectric Type | |
| Class 1 | |
| Class 2 |
| Region | |
| Asia-Pacific | |
| Europe | |
| North America | |
| Rest of the World |
Electric Vehicles MLCC Market Size Summary
The Electric Vehicles MLCC Market is experiencing a transformative phase, driven by the burgeoning demand for electric vehicles (EVs) and the critical role of multi-layer ceramic capacitors (MLCCs) in modern automotive systems. These components have evolved from basic electronic parts to essential elements that manage power distribution, noise suppression, signal conditioning, and voltage regulation. The market is characterized by segments such as 0 603, 0 805, 1 206, and 1 210, each contributing uniquely to the efficiency and performance of EVs. The Asia-Pacific region leads the market, propelled by significant advancements in EV technology and production, particularly in China. Europe follows with a strong focus on sustainability and stringent emission regulations, while North America is witnessing a diverse range of players driving the transition to electric mobility.
The market landscape is moderately consolidated, with major companies like Kyocera AVX Components Corporation, Murata Manufacturing Co., Ltd, Samsung Electro-Mechanics, TDK Corporation, and Yageo Corporation holding significant shares. These companies are actively innovating to meet the high voltage and miniaturization demands of automotive applications. The increasing adoption of battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs) is further fueling the demand for high-quality MLCCs, which are crucial for managing the high voltages and temperatures in these vehicles. As governments and industries worldwide push for low-emission vehicles, the market for electric vehicle MLCCs is poised for substantial growth, supported by advancements in battery technology and infrastructure development.
Electric Vehicles MLCC Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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1.1 Case Size
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1.1.1 0 603
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1.1.2 0 805
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1.1.3 1 206
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1.1.4 1 210
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1.1.5 1 812
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1.1.6 Others
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1.2 Voltage
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1.2.1 50V to 200V
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1.2.2 Less than 50V
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1.2.3 More than 200V
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1.3 Capacitance
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1.3.1 10 µF to 1000 µF
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1.3.2 Less than 10 µF
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1.3.3 More than 1000µF
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1.4 Dielectric Type
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1.4.1 Class 1
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1.4.2 Class 2
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1.5 Region
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1.5.1 Asia-Pacific
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1.5.2 Europe
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1.5.3 North America
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1.5.4 Rest of the World
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Electric Vehicles MLCC Market Size FAQs
How big is the Global Electric Vehicles MLCC Market?
The Global Electric Vehicles MLCC Market size is expected to reach USD 1.03 billion in 2024 and grow at a CAGR of 49.43% to reach USD 7.70 billion by 2029.
What is the current Global Electric Vehicles MLCC Market size?
In 2024, the Global Electric Vehicles MLCC Market size is expected to reach USD 1.03 billion.
