India MLCC Market Size

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).

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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

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.