India MLCC Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 335.3 Million |
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Market Size (2029) | USD 833.2 Million |
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Largest Share by Case Size | 0 201 |
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CAGR (2024 - 2029) | 19.97 % |
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Fastest Growing by Case Size | 1 005 |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India MLCC Market Analysis
The India MLCC Market size is estimated at 335.3 million USD in 2024, and is expected to reach 833.2 million USD by 2029, growing at a CAGR of 19.97% during the forecast period (2024-2029).
335.3 Million
Market Size in 2024 (USD)
833.2 Million
Market Size in 2029 (USD)
24.83 %
CAGR (2017-2023)
19.97 %
CAGR (2024-2029)
Largest Segment by Dielectric Type
55.15 %
value share, Class 1, 2023
The growing demand for electric vehicles, industrial automation equipment, power and utilities, etc., is increasing the demand for Class 1 MLCCs like COG, X8G, and U2J due to their superior performance and stable and precise operations.
Largest Segment by Case Size
30.17 %
value share, 0 201, 2023
These MLCCs come in small sizes with high capacitance, making them suitable for space-limited electronic designs. They offer reliable performance and contribute to the miniaturization and efficiency of electronic devices.
Largest Segment by Capacitance
62.59 %
value share, Less than 100µF, 2023
These less-than-100µF MLCCs are used in different parts of automotive. The growth of these MLCCs is attributed to government initiatives such as Make in India and Automotive Mission Plan 2026, which promotes the production and export of Clean Technology Vehicles, thereby increasing the country's automotive production.
Largest Segment by Mounting Type
36.60 %
value share, Surface Mount, 2023
The ever-evolving miniaturization trend, combined with the requirement for increased component density, has necessitated the utilization of surface-mount MLCCs. The proliferation of portable and interconnected devices are allowing manufacturers to achieve a compact design without compromising on performance.
Fastest Segment by End-user
39.69 %
Projected CAGR, Power and Utilities, 2024-2029
Smart meters provide real-time information to consumers through a mobile app,about the electricity usage, so that they can detect any wastage and optimise electricity consumption to save money. 250 million traditional meters are intended to be replaced by smart meters in the National Smart Metering Programme.Thereby increasing the demand of MLCCs in power and utilities segment.
The increasing popularity of portable and connected devices is contributing to achieving compact designs without compromising on performance
- The case sizes for MLCCs are 0 201, 0 402, 0 603, 0 805, 1 005, 1 206, 1 210, and others. Case size 0 201 holds the largest market share of 34.84% in terms of volume and was expected to generate a revenue of USD 66.89 million in 2022. Case size 1 005 is the fastest growing segment, with a CAGR of 25.70% (2022-2029).
- 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, particularly in compact electronic devices such as smartphones, wearables, and IoT devices, enabling manufacturers to achieve sleek and compact designs without compromising performance. The smartwatch sector in India has continued to grow owing to the affordability of smartwatches and a range of options.
- 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, advanced driver-assistance systems (ADAS), lighting control, and more. These capacitors provide reliable performance in harsh automotive environments. The Indian government plans to invest USD 3.5 billion in incentives over five years ending in 2026 under a new scheme to promote the production and export of Clean Technology Vehicles, thereby increasing automotive production in the country, creating a demand for 0 402 MLCCs.
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India MLCC Market Trends
Development of the e-commerce industry is expected to propel the production of light commercial vehicles
- In India, there is an increasing need for pickup trucks due to the expansion of the e-commerce and logistics industry. This has led to a rise in the production of light commercial vehicles, with a total of 54.28 thousand units manufactured in 2019.
- The majority of commercial vehicle sales in India consisted of diesel-fueled CVs, as diesel is the traditional fuel engine, generates more power, and is easily available. It is a must in commercial usage. However, norms by the government, awareness of e-mobility, development in charging infrastructure, and incentives are boosting the Battery Electric Vehicles (BEV) segment in the Indian commercial vehicle market. The expansion of diverse sectors like e-commerce, construction, and logistics, coupled with the demand for fuel-efficient transportation, is fueling the rise of light commercial vehicles throughout India. Contrarily, the light commercial vehicles (LCV) market is predicted to be positively influenced during the projected time frame due to factors like the government's increase in initiatives to promote e-mobility and the logistics sector's growing demand for electric trucks.
- With regard to EV (Electric Vehicle) deployment, India continues to move slowly compared to its other decarbonization initiatives. Companies are launching electric goods carriers. For instance, in May 2022, Tata Motors launched an electric version of the ACE light commercial vehicle, and the company signed MOUs with Bigbasket, Flipkart, Amazon, and other companies for the delivery of 39,000 units.
- These key elements are fueling India's production demand for heavy trucks. The country produced 61.73 thousand units in 2022, which is expected to increase in the future.
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Shifting focus to electric cars to boost the market growth
- Passenger car production has grown significantly over the past few years, and 3.62 million units were produced in 2019. However, the market witnessed its worst fall of 21.84% in 2020 over 2019. Relaxation in the COVID-19 pandemic-induced restraints and the resuming of business operations revived the passenger cars market with a slight growth of 28.01% in 2021 over 2020.
- While the demand for ICE vehicles is declining gradually, India is currently shifting focus to electric cars to reduce emissions. An increase in the electrification of vehicles and the banning of fossil fuel vehicles by 2035 is expected to boost the Indian passenger cars market in the future. In India, Tata’s Nexon BEV SUV was the bestselling model, accounting for two-thirds of EV sales, and most other offerings were SUVs.
- The government's numerous incentives and rebate programs are increasing the demand for battery electric cars nationwide. The governments of several states have updated the policies and amount levels on battery electric car subsidies. In 2021, India extended its main EV demand stimulating FAME II policy to 2024. It also increased subsidies for electric two-wheelers and made budgetary commitments for battery swapping policies and the development of EV manufacturing and battery supply capacity. These factors are expected to increase demand for electric passenger cars in India in the future.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The demand, largely driven by economic growth, is projected to grow steadily
- High crude oil prices threaten India's economic recovery
- Increasing demand from the construction industry is expected to propel the market
- Evolving technologies in smartphones and laptops expected to cause stagnation in desktop PC sales
- The rise in disposable incomes and the growth of IT companies in the country are driving demand
- Increasing online consumption with reliable internet speeds, advanced smartphone features, and 5G services becoming more popular are driving smartphone sales
- Increasing electronic learning and hybrid working environments are driving the demand
- The shifting trend toward clean energy public transportation boosting the market studied
- Development of the e-commerce industry is expected to propel the production of light commercial vehicles
- Advancements in EV technology to boost the sales of battery electric vehicles (BEVs) in India
- The emergence of Industry 4.0 is expected to provide promising opportunities for industrial automation
- Nickel prices soar with trading conditions boosting volatility
- The increasing demand for advanced technology, such as electric cars, smartphones, and solar panels, is driving demand
- The government’s PLI schemes and scorching temperatures are driving demand
- The rising number of mobile games and drop in sales of desktops are expected to lead to market stagnation
- Rising household incomes, improving living standards, rapid urbanization, and a rising number of nuclear families are driving demand
- Increasing penetration of digital media and multimedia content driving demand
- The rapid technological advancements with new features in TVs are driving the MLCC demand
- Rising technological advancements to boost heavy truck production in India
- Rising investments and government initiatives are expected to drive the market
- Supportive government incentives to boost market growth
- Increasing focus on hygiene due to COVID-19 in residential places and healthcare sector is driving the demand for service robots
India MLCC Industry Overview
The India MLCC Market is moderately consolidated, with the top five companies occupying 64.47%. The major players in this market are Murata Manufacturing Co., Ltd, Samsung Electro-Mechanics, Taiyo Yuden Co., Ltd, TDK Corporation and Walsin Technology Corporation (sorted alphabetically).
India MLCC Market Leaders
Murata Manufacturing Co., Ltd
Samsung Electro-Mechanics
Taiyo Yuden Co., Ltd
TDK Corporation
Walsin Technology Corporation
Other important companies include Kyocera AVX Components Corporation (Kyocera Corporation), Maruwa Co ltd, Nippon Chemi-Con Corporation, Samwha Capacitor Group, Vishay Intertechnology Inc., Würth Elektronik GmbH & Co. KG, Yageo Corporation.
*Disclaimer: Major Players sorted in alphabetical order.
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India MLCC Market News
- July 2023: KEMET, part of the Yageo Corporation developed the X7R automotive grade MLCC X7R. This MLCC is designed to meet the high voltage requirements of automotive subsystems, ranging from 100pF-0.1uF and with a DC voltage range of 500V-1kV. The range of cases available is EIA 0603-1210, and is suitable for both automotive under hoods and in-cabin applications. These MLCCs demonstrate the essential and reliable nature of capacitors, which are essential for the mission and safety of automotive subsystems.
- June 2023: The growing demand for industrial equipments has driven the company to introduce NTS/NTF NTS/NTF Series of SMD type MLCC. These capacitors are rated with 25 to 500 Vdc with a capacitance ranging from 0.010 to 47µF. These MLCCs are used in on-board power supplies,voltage regulators for computers,smoothing circuit of DC-DC converters,etc.
- May 2023: Murata has introduced the EVA series of MLCC, which are beneficial to EV manufacturers due to their versatility. These MLCC's can be used in a variety of applications, including OBC (On-Board Charger), inverter and DC/DC Converter, BMS (Battery Management System), and WPT (Wireless Power Transfer) implementations. As a result, they are ideal to the increased isolation that the 800V powertrain migration will require, while also meeting the miniaturization requirements of modern automotive systems.
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We provide a complimentary and exhaustive set of data points on the country and regional level metrics that present the fundamental structure of the industry. Presented in the form of 40+ free charts, the sections cover difficult to find data on various indicators including but not limited to smartphones sales, raw materials pricing trends, and EV sales etc
India MLCC Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 Price Trend
- 4.1.1 Copper Price Trend
- 4.1.2 Nickel Price Trend
- 4.1.3 Oil Price Trend
- 4.1.4 Silver Price Trend
- 4.1.5 Zinc Price Trend
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4.2 Consumer Electronics Sales
- 4.2.1 Air Conditioner Sales
- 4.2.2 Desktop PC's Sales
- 4.2.3 Gaming Console Sales
- 4.2.4 Laptops Sales
- 4.2.5 Refrigerator Sales
- 4.2.6 Smartphones Sales
- 4.2.7 Storage Unit Sales
- 4.2.8 Tablets Sales
- 4.2.9 Television Sales
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4.3 Automotive Production
- 4.3.1 Buses and Coaches Production
- 4.3.2 Heavy Trucks Production
- 4.3.3 Light Commercial Vehicles Production
- 4.3.4 Passenger Vehicles Production
- 4.3.5 Total Motor Production
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4.4 Ev Production
- 4.4.1 BEV (Battery Electric Vehicle) Production
- 4.4.2 PHEV (Plug-in Hybrid Electric Vehicle) Production
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4.5 Industrial Automation Sales
- 4.5.1 Industrial Robots Sales
- 4.5.2 Service Robots Sales
- 4.6 Regulatory Framework
- 4.7 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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5.1 Dielectric Type
- 5.1.1 Class 1
- 5.1.2 Class 2
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5.2 Case Size
- 5.2.1 0 201
- 5.2.2 0 402
- 5.2.3 0 603
- 5.2.4 1 005
- 5.2.5 1 210
- 5.2.6 Others
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5.3 Voltage
- 5.3.1 500V to 1000V
- 5.3.2 Less than 500V
- 5.3.3 More than 1000V
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5.4 Capacitance
- 5.4.1 100µF to 1000µF
- 5.4.2 Less than 100µF
- 5.4.3 More than 1000µF
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5.5 Mlcc Mounting Type
- 5.5.1 Metal Cap
- 5.5.2 Radial Lead
- 5.5.3 Surface Mount
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5.6 End User
- 5.6.1 Aerospace and Defence
- 5.6.2 Automotive
- 5.6.3 Consumer Electronics
- 5.6.4 Industrial
- 5.6.5 Medical Devices
- 5.6.6 Power and Utilities
- 5.6.7 Telecommunication
- 5.6.8 Others
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Kyocera AVX Components Corporation (Kyocera Corporation)
- 6.4.2 Maruwa Co ltd
- 6.4.3 Murata Manufacturing Co., Ltd
- 6.4.4 Nippon Chemi-Con Corporation
- 6.4.5 Samsung Electro-Mechanics
- 6.4.6 Samwha Capacitor Group
- 6.4.7 Taiyo Yuden Co., Ltd
- 6.4.8 TDK Corporation
- 6.4.9 Vishay Intertechnology Inc.
- 6.4.10 Walsin Technology Corporation
- 6.4.11 Würth Elektronik GmbH & Co. KG
- 6.4.12 Yageo Corporation
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR MLCC CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- PRICE OF COPPER PER TONNE, USD/TONNE, INDIA, 2017 - 2022
- Figure 2:
- PRICE OF NICKEL PER TONNE, USD/TONNE, INDIA, 2017 - 2022
- Figure 3:
- PRICE OF OIL PER TONNE, USD/BARREL, INDIA, 2017 - 2022
- Figure 4:
- PRICE OF SILVER PER TONNE, USD/TROY OUNCE, INDIA, 2017 - 2022
- Figure 5:
- PRICE OF ZINC PER TONNE, USD/TONNE, INDIA, 2017 - 2022
- Figure 6:
- SALES OF AIR CONDITIONER , MILLION, INDIA, 2017 - 2029
- Figure 7:
- SALES OF DESKTOP PC'S , MILLION, INDIA, 2017 - 2029
- Figure 8:
- SALES OF GAMING CONSOLE , THOUSAND, INDIA, 2017 - 2029
- Figure 9:
- SALES OF LAPTOPS , MILLION, INDIA, 2017 - 2029
- Figure 10:
- SALES OF REFRIGERATOR , MILLION, INDIA, 2017 - 2029
- Figure 11:
- SALES OF SMARTPHONES , MILLION, INDIA, 2017 - 2029
- Figure 12:
- SALES OF STORAGE UNIT , MILLION, INDIA, 2017 - 2029
- Figure 13:
- SALES OF TABLETS , MILLION, INDIA, 2017 - 2029
- Figure 14:
- SALES OF TELEVISION , MILLION, INDIA, 2017 - 2029
- Figure 15:
- PRODUCTION OF BUSES AND COACHES , THOUSAND, INDIA, 2017 - 2022
- Figure 16:
- PRODUCTION OF HEAVY TRUCKS , THOUSAND, INDIA, 2017 - 2022
- Figure 17:
- PRODUCTION OF LIGHT COMMERCIAL VEHICLES , THOUSAND, INDIA, 2017 - 2022
- Figure 18:
- PRODUCTION OF PASSENGER VEHICLES , MILLION, INDIA, 2017 - 2022
- Figure 19:
- PRODUCTION OF TOTAL MOTOR , MILLION, INDIA, 2017 - 2022
- Figure 20:
- PRODUCTION OF BEV (BATTERY ELECTRIC VEHICLE) , THOUSAND, INDIA, 2017 - 2022
- Figure 21:
- PRODUCTION OF PHEV (PLUG-IN HYBRID ELECTRIC VEHICLE) , , INDIA, 2017 - 2022
- Figure 22:
- SALES OF INDUSTRIAL ROBOTS , THOUSAND, INDIA, 2017 - 2029
- Figure 23:
- SALES OF SERVICE ROBOTS , THOUSAND, INDIA, 2017 - 2029
- Figure 24:
- VOLUME OF INDIA MLCC MARKET, , INDIA, 2017 - 2029
- Figure 25:
- VALUE OF INDIA MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 26:
- VOLUME OF INDIA MLCC MARKET BY DIELECTRIC TYPE, , INDIA, 2017 - 2029
- Figure 27:
- VALUE OF INDIA MLCC MARKET BY DIELECTRIC TYPE, USD, INDIA, 2017 - 2029
- Figure 28:
- VALUE SHARE OF INDIA MLCC MARKET BY DIELECTRIC TYPE, %, INDIA, 2017 - 2029
- Figure 29:
- VOLUME SHARE OF INDIA MLCC MARKET BY DIELECTRIC TYPE, %, INDIA, 2017 - 2029
- Figure 30:
- VOLUME OF CLASS 1 MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 31:
- VALUE OF CLASS 1 MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 32:
- VOLUME OF CLASS 2 MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 33:
- VALUE OF CLASS 2 MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 34:
- VOLUME OF INDIA MLCC MARKET BY CASE SIZE, , INDIA, 2017 - 2029
- Figure 35:
- VALUE OF INDIA MLCC MARKET BY CASE SIZE, USD, INDIA, 2017 - 2029
- Figure 36:
- VALUE SHARE OF INDIA MLCC MARKET BY CASE SIZE, %, INDIA, 2017 - 2029
- Figure 37:
- VOLUME SHARE OF INDIA MLCC MARKET BY CASE SIZE, %, INDIA, 2017 - 2029
- Figure 38:
- VOLUME OF 0 201 MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 39:
- VALUE OF 0 201 MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 40:
- VOLUME OF 0 402 MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 41:
- VALUE OF 0 402 MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 42:
- VOLUME OF 0 603 MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 43:
- VALUE OF 0 603 MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 44:
- VOLUME OF 1 005 MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 45:
- VALUE OF 1 005 MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 46:
- VOLUME OF 1 210 MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 47:
- VALUE OF 1 210 MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 48:
- VOLUME OF OTHERS MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 49:
- VALUE OF OTHERS MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 50:
- VOLUME OF INDIA MLCC MARKET BY VOLTAGE, , INDIA, 2017 - 2029
- Figure 51:
- VALUE OF INDIA MLCC MARKET BY VOLTAGE, USD, INDIA, 2017 - 2029
- Figure 52:
- VALUE SHARE OF INDIA MLCC MARKET BY VOLTAGE, %, INDIA, 2017 - 2029
- Figure 53:
- VOLUME SHARE OF INDIA MLCC MARKET BY VOLTAGE, %, INDIA, 2017 - 2029
- Figure 54:
- VOLUME OF 500V TO 1000V MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 55:
- VALUE OF 500V TO 1000V MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 56:
- VOLUME OF LESS THAN 500V MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 57:
- VALUE OF LESS THAN 500V MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 58:
- VOLUME OF MORE THAN 1000V MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 59:
- VALUE OF MORE THAN 1000V MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 60:
- VOLUME OF INDIA MLCC MARKET BY CAPACITANCE, , INDIA, 2017 - 2029
- Figure 61:
- VALUE OF INDIA MLCC MARKET BY CAPACITANCE, USD, INDIA, 2017 - 2029
- Figure 62:
- VALUE SHARE OF INDIA MLCC MARKET BY CAPACITANCE, %, INDIA, 2017 - 2029
- Figure 63:
- VOLUME SHARE OF INDIA MLCC MARKET BY CAPACITANCE, %, INDIA, 2017 - 2029
- Figure 64:
- VOLUME OF 100ΜF TO 1000 ΜF MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 65:
- VALUE OF 100ΜF TO 1000 ΜF MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 66:
- VOLUME OF LESS THAN 100 ΜF MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 67:
- VALUE OF LESS THAN 100 ΜF MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 68:
- VOLUME OF MORE THAN 1000 ΜF MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 69:
- VALUE OF MORE THAN 1000 ΜF MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 70:
- VOLUME OF INDIA MLCC MARKET BY MLCC MOUNTING TYPE, , INDIA, 2017 - 2029
- Figure 71:
- VALUE OF INDIA MLCC MARKET BY MLCC MOUNTING TYPE, USD, INDIA, 2017 - 2029
- Figure 72:
- VALUE SHARE OF INDIA MLCC MARKET BY MLCC MOUNTING TYPE, %, INDIA, 2017 - 2029
- Figure 73:
- VOLUME SHARE OF INDIA MLCC MARKET BY MLCC MOUNTING TYPE, %, INDIA, 2017 - 2029
- Figure 74:
- VOLUME OF METAL CAP MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 75:
- VALUE OF METAL CAP MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 76:
- VOLUME OF RADIAL LEAD MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 77:
- VALUE OF RADIAL LEAD MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 78:
- VOLUME OF SURFACE MOUNT MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 79:
- VALUE OF SURFACE MOUNT MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 80:
- VOLUME OF INDIA MLCC MARKET BY END USER, , INDIA, 2017 - 2029
- Figure 81:
- VALUE OF INDIA MLCC MARKET BY END USER, USD, INDIA, 2017 - 2029
- Figure 82:
- VALUE SHARE OF INDIA MLCC MARKET BY END USER, %, INDIA, 2017 - 2029
- Figure 83:
- VOLUME SHARE OF INDIA MLCC MARKET BY END USER, %, INDIA, 2017 - 2029
- Figure 84:
- VOLUME OF AEROSPACE AND DEFENCE MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 85:
- VALUE OF AEROSPACE AND DEFENCE MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 86:
- VOLUME OF AUTOMOTIVE MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 87:
- VALUE OF AUTOMOTIVE MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 88:
- VOLUME OF CONSUMER ELECTRONICS MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 89:
- VALUE OF CONSUMER ELECTRONICS MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 90:
- VOLUME OF INDUSTRIAL MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 91:
- VALUE OF INDUSTRIAL MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 92:
- VOLUME OF MEDICAL DEVICES MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 93:
- VALUE OF MEDICAL DEVICES MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 94:
- VOLUME OF POWER AND UTILITIES MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 95:
- VALUE OF POWER AND UTILITIES MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 96:
- VOLUME OF TELECOMMUNICATION MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 97:
- VALUE OF TELECOMMUNICATION MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 98:
- VOLUME OF OTHERS MLCC MARKET, NUMBER, , INDIA, 2017 - 2029
- Figure 99:
- VALUE OF OTHERS MLCC MARKET, USD, INDIA, 2017 - 2029
- Figure 100:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, INDIA, 2017 - 2029
- Figure 101:
- MOST ADOPTED STRATEGIES, COUNT, INDIA, 2017 - 2029
- Figure 102:
- VALUE SHARE OF MAJOR PLAYERS, %, INDIA, 2017 - 2029
India MLCC Industry Segmentation
Class 1, Class 2 are covered as segments by Dielectric Type. 0 201, 0 402, 0 603, 1 005, 1 210, Others are covered as segments by Case Size. 500V to 1000V, Less than 500V, More than 1000V are covered as segments by Voltage. 100µF to 1000µF, Less than 100µF, More than 1000µF 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.
- The case sizes for MLCCs are 0 201, 0 402, 0 603, 0 805, 1 005, 1 206, 1 210, and others. Case size 0 201 holds the largest market share of 34.84% in terms of volume and was expected to generate a revenue of USD 66.89 million in 2022. Case size 1 005 is the fastest growing segment, with a CAGR of 25.70% (2022-2029).
- 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, particularly in compact electronic devices such as smartphones, wearables, and IoT devices, enabling manufacturers to achieve sleek and compact designs without compromising performance. The smartwatch sector in India has continued to grow owing to the affordability of smartwatches and a range of options.
- 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, advanced driver-assistance systems (ADAS), lighting control, and more. These capacitors provide reliable performance in harsh automotive environments. The Indian government plans to invest USD 3.5 billion in incentives over five years ending in 2026 under a new scheme to promote the production and export of Clean Technology Vehicles, thereby increasing automotive production in the country, creating a demand for 0 402 MLCCs.
| Dielectric Type | Class 1 |
| Class 2 | |
| Case Size | 0 201 |
| 0 402 | |
| 0 603 | |
| 1 005 | |
| 1 210 | |
| Others | |
| Voltage | 500V to 1000V |
| Less than 500V | |
| More than 1000V | |
| Capacitance | 100µF to 1000µF |
| Less than 100µF | |
| More than 1000µF | |
| Mlcc Mounting Type | Metal Cap |
| Radial Lead | |
| Surface Mount | |
| End User | Aerospace and Defence |
| Automotive | |
| Consumer Electronics | |
| Industrial | |
| Medical Devices | |
| Power and Utilities | |
| Telecommunication | |
| Others |
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Market Definition
- MLCC (Multilayer Ceramic Capacitor) - A type of capacitor that consists of multiple layers of ceramic material, alternating with conductive layers, used for energy storage and filtering in electronic circuits.
- Voltage - The maximum voltage that a capacitor can safely withstand without experiencing breakdown or failure. It is typically expressed in volts (V)
- Capacitance - The measure of a capacitor's ability to store electrical charge, expressed in farads (F). It determines the amount of energy that can be stored in the capacitor
- Case Size - The physical dimensions of an MLCC, typically expressed in codes or millimeters, indicating its length, width, and height
| Keyword | Definition |
|---|---|
| MLCC (Multilayer Ceramic Capacitor) | A type of capacitor that consists of multiple layers of ceramic material, alternating with conductive layers, used for energy storage and filtering in electronic circuits. |
| Capacitance | The measure of a capacitor's ability to store electrical charge, expressed in farads (F). It determines the amount of energy that can be stored in the capacitor |
| Voltage Rating | The maximum voltage that a capacitor can safely withstand without experiencing breakdown or failure. It is typically expressed in volts (V) |
| ESR (Equivalent Series Resistance) | The total resistance of a capacitor, including its internal resistance and parasitic resistances. It affects the capacitor's ability to filter high-frequency noise and maintain stability in a circuit. |
| Dielectric Material | The insulating material used between the conductive layers of a capacitor. In MLCCs, commonly used dielectric materials include ceramic materials like barium titanate and ferroelectric materials |
| SMT (Surface Mount Technology) | A method of electronic component assembly that involves mounting components directly onto the surface of a printed circuit board (PCB) instead of through-hole mounting. |
| Solderability | The ability of a component, such as an MLCC, to form a reliable and durable solder joint when subjected to soldering processes. Good solderability is crucial for proper assembly and functionality of MLCCs on PCBs. |
| RoHS (Restriction of Hazardous Substances) | A directive that restricts the use of certain hazardous materials, such as lead, mercury, and cadmium, in electrical and electronic equipment. Compliance with RoHS is essential for automotive MLCCs due to environmental regulations |
| Case Size | The physical dimensions of an MLCC, typically expressed in codes or millimeters, indicating its length, width, and height |
| Flex Cracking | A phenomenon where MLCCs can develop cracks or fractures due to mechanical stress caused by bending or flexing of the PCB. Flex cracking can lead to electrical failures and should be avoided during PCB assembly and handling. |
| Aging | MLCCs can experience changes in their electrical properties over time due to factors like temperature, humidity, and applied voltage. Aging refers to the gradual alteration of MLCC characteristics, which can impact the performance of electronic circuits. |
| ASPs (Average Selling Prices) | The average price at which MLCCs are sold in the market, expressed in USD million. It reflects the average price per unit |
| Voltage | The electrical potential difference across an MLCC, often categorized into low-range voltage, mid-range voltage, and high-range voltage, indicating different voltage levels |
| MLCC RoHS Compliance | Compliance with the Restriction of Hazardous Substances (RoHS) directive, which restricts the use of certain hazardous substances, such as lead, mercury, cadmium, and others, in the manufacturing of MLCCs, promoting environmental protection and safety |
| Mounting Type | The method used to attach MLCCs to a circuit board, such as surface mount, metal cap, and radial lead, which indicates the different mounting configurations |
| Dielectric Type | The type of dielectric material used in MLCCs, often categorized into Class 1 and Class 2, representing different dielectric characteristics and performance |
| Low-Range Voltage | MLCCs designed for applications that require lower voltage levels, typically in the low voltage range |
| Mid-Range Voltage | MLCCs designed for applications that require moderate voltage levels, typically in the middle range of voltage requirements |
| High-Range Voltage | MLCCs designed for applications that require higher voltage levels, typically in the high voltage range |
| Low-Range Capacitance | MLCCs with lower capacitance values, suitable for applications that require smaller energy storage |
| Mid-Range Capacitance | MLCCs with moderate capacitance values, suitable for applications that require intermediate energy storage |
| High-Range Capacitance | MLCCs with higher capacitance values, suitable for applications that require larger energy storage |
| Surface Mount | MLCCs designed for direct surface mounting onto a printed circuit board (PCB), allowing for efficient space utilization and automated assembly |
| Class 1 Dielectric | MLCCs with Class 1 dielectric material, characterized by a high level of stability, low dissipation factor, and low capacitance change over temperature. They are suitable for applications requiring precise capacitance values and stability |
| Class 2 Dielectric | MLCCs with Class 2 dielectric material, characterized by a high capacitance value, high volumetric efficiency, and moderate stability. They are suitable for applications that require higher capacitance values and are less sensitive to capacitance changes over temperature |
| RF (Radio Frequency) | It refers to the range of electromagnetic frequencies used in wireless communication and other applications, typically from 3 kHz to 300 GHz, enabling the transmission and reception of radio signals for various wireless devices and systems. |
| Metal Cap | A protective metal cover used in certain MLCCs (Multilayer Ceramic Capacitors) to enhance durability and shield against external factors like moisture and mechanical stress |
| Radial Lead | A terminal configuration in specific MLCCs where electrical leads extend radially from the ceramic body, facilitating easy insertion and soldering in through-hole mounting applications. |
| Temperature Stability | The ability of MLCCs to maintain their capacitance values and performance characteristics across a range of temperatures, ensuring reliable operation in varying environmental conditions. |
| Low ESR (Equivalent Series Resistance) | MLCCs with low ESR values have minimal resistance to the flow of AC signals, allowing for efficient energy transfer and reduced power losses in high-frequency applications. |
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Research Methodology
Mordor Intelligence has followed the following methodology in all our MLCC reports.
- Step 1: Identify Data Points: In this step, we identified key data points crucial for comprehending the MLCC market. This included historical and current production figures, as well as critical device metrics such as attachment rate, sales, production volume, and average selling price. Additionally, we estimated future production volumes and attachment rates for MLCCs in each device category. Lead times were also determined, aiding in forecasting market dynamics by understanding the time required for production and delivery, thereby enhancing the accuracy of our projections.
- Step 2: Identify Key Variables: In this step, we focused on identifying crucial variables essential for constructing a robust forecasting model for the MLCC market. These variables include lead times, trends in raw material prices used in MLCC manufacturing, automotive sales data, consumer electronics sales figures, and electric vehicle (EV) sales statistics. Through an iterative process, we determined the necessary variables for accurate market forecasting and proceeded to develop the forecasting model based on these identified variables.
- Step 3: Build a Market Model: In this step, we utilized production data and key industry trend variables, such as average pricing, attachment rate, and forecasted production data, to construct a comprehensive market estimation model. By integrating these critical variables, we developed a robust framework for accurately forecasting market trends and dynamics, thereby facilitating informed decision-making within the MLCC market landscape.
- Step 4: Validate and Finalize: In this crucial step, all market numbers and variables derived through an internal mathematical model were validated through an extensive network of primary research experts from all the markets studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step 5: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases, and Subscription Platform
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