High Voltage MLCC Market Size

High Voltage MLCC Market Analysis

The High Voltage MLCC Market size is estimated at 4.07 billion USD in 2024, and is expected to reach 10.87 billion USD by 2029, growing at a CAGR of 21.68% during the forecast period (2024-2029).

Want to share this? Click here to share on social media or embed it on your website.

4.07 Billion

Market Size in 2024 (USD)

10.87 Billion

Market Size in 2029 (USD)

16.12 %

CAGR (2017-2023)

21.68 %

CAGR (2024-2029)

Fastest Segment by Dielectric Type

34.82 %

Projected CAGR, Class 2, 2024-2029

The Class 2 MLCCs such as X7R, X5R, and Y5V are used in various end users such as power and utilities, consumer electronics, and automotive. Growing awareness of environmental pollution associated with pollutants from conventional power generation is projected to fuel the growth of solar photovoltaic panels that use these MLCCs.

Largest Segment by Case Size

31.57 %

value share, 0 201, 2023

The 0201 case-size MLCCs are in high demand due to the miniaturization trends in consumer electronics such as smartphones and the advancement of technology such as 5G.

Largest Segment by Capacitance

47.57 %

value share, Low-Range Capacitance, 2023

The growth of low-range capacitance MLCCs is due to the increasing focus on the development of advanced medical devices and the proliferation of product launches.

Largest Segment by Mounting Type

47.57 %

value share, Surface Mount, 2023

The automotive sector is steadily transitioning toward the autonomous era due to favorable government strategies, which may boost the demand for surface-mount MLCCs.

Largest Segment by Region

46.47 %

value share, Asia-Pacific, 2023

Industries in Asia-Pacific countries like China, India, South Korea, and Japan are boosting automation, robotics, and AI. IoT solutions are also being utilized to improve operational efficiency, increase productivity, and gain an advantage over competitors.

The increasing popularity of portable and connected devices is contributing to achieving compact designs without compromising on performance

Availability of affordable and energy-efficient robots is surging in Asia-Pacific

High Voltage MLCC Industry Segmentation

Class 1, Class 2 are covered as segments by Dielectric Type. 0 201, 0 402, 0 603, 0 805, 1 206, Others are covered as segments by Case Size. High-Range Capacitance, Low-Range Capacitance, Mid-Range Capacitance are covered as segments by Capacitance. Metal Cap, Radial Lead, Surface Mount are covered as segments by Mlcc Mounting Type. Aerospace and Defence, Automotive, Consumer Electronics, Industrial, Medical Devices, Power and Utilities, Telecommunication, Others are covered as segments by End User. Asia-Pacific, Europe, North America are covered as segments by Region.

• The 0 201 case size segment emerged as the frontrunner, capturing the largest market share of 24.04%, followed by the 0 402 case size segment with 15.81% and the 1 206 case size segment with 15.66% in terms of volume in 2022.
• The ongoing trend of miniaturization, coupled with the need for higher component density, drives the demand for these components. The increasing popularity of portable and connected devices further contributes to the demand for 0 201 MLCC components, as they enable manufacturers to achieve compact designs without compromising on performance.
• The usage of 0 1005 MLCCs spans diverse applications. The demand for MLCCs is on the rise in the aerospace and defense sectors, especially for applications such as military aircraft and electronic warfare defense systems like UAVs. The increasing national security concerns and border threats are driving the demand for manned and unmanned aerial vehicles in the defense sector. Governments are taking several measures to boost domestic manufacturing and growth across industries.
• The compact 0 402 case size is widely adopted as a form factor for surface-mount ceramic capacitors. The automotive industry relies on 0 402 MLCCs for various applications, including engine control units, infotainment systems, ADAS, and lighting control. These capacitors provide reliable performance in harsh automotive environments. The number of electric vehicles in Germany and this expansion in the charging infrastructure may drive the demand for key components like MLCCs in EV charging stations. As the number of charging stations increases, there will likely be a proportional surge in the demand for MLCCs to ensure the smooth operation and reliability of the charging infrastructure.