MLCC Market Size

The MLCC market is projected to experience significant growth over the forecast period, driven by increasing demand across various sectors and regions. The market's expansion is particularly notable in the Asia-Pacific region, which holds a substantial portion of the market share due to its advanced manufacturing capabilities and the presence of major industry players. The demand for specific case sizes, such as the 0 201, is rising due to the growing need for compact components in mobile communication devices and consumer electronics. Additionally, the power and utilities sector is contributing to the market's growth through the adoption of smart grid technologies. Europe and North America also show considerable demand, influenced by the automotive industry's technological advancements and the increasing adoption of electric vehicles.

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Market Size of mlcc Industry

MLCC Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 23.03 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2029) USD 61.16 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Case Size 0 201
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2029) 21.57 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region Asia-Pacific

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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MLCC Market Analysis

The MLCC Market size is estimated at 23.03 billion USD in 2024, and is expected to reach 61.16 billion USD by 2029, growing at a CAGR of 21.57% during the forecast period (2024-2029).

23.03 Billion

Market Size in 2024 (USD)

61.16 Billion

Market Size in 2029 (USD)

16.34 %

CAGR (2017-2023)

21.57 %

CAGR (2024-2029)

Largest Segment by Dielectric Type

60.93 %

value share, Class 1, 2023

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The Class 1 dielectric-type MLCCs like C0G, X8G, and U2J are growing due to their reliability and accuracy, making them the preferred ceramic capacitors for various applications that require stable performance in demanding environments.

Fastest Segment by Case Size

22.23 %

Projected CAGR, 0 201, 2024-2029

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The demand for 0201 MLCCs is driven by the ongoing trend of miniaturization and the need for higher component density.

Largest Segment by Voltage

59.37 %

value share, Low-Range Voltage (Less than 500V), 2023

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The usage of MLCCs in consumer electronics, such as smartphones, is increasing, along with a consumer shift toward EVs to reduce carbon emissions,thereby increasing the demand of low-range voltage (less than 500V) MLCCs.

Fastest Segment by Capacitance

21.68 %

Projected CAGR, High-Range Capacitance (More than 1000µF), 2024-2029

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These MLCCs offer efficient energy storage and precise signal processing capabilities, making them well-suited for applications requiring compact size and high capacitance.

Largest Segment by Mounting Type

39.76 %

value share, Surface Mount, 2023

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The growth of surface-mount MLCCs is attributed to the increasing product innovations by manufacturers. Surface-mount capacitors are often used in the mass production of circuit design.

The government’s increasing investments in military equipment, the rapid expansion of telecommunications sector, and the increasing usage of wearable devices are driving the MLCC demand

  • The 0 201 case size sub-segment emerged as the frontrunner, capturing the largest market share of 71.35%, followed by the 0 402 case size with 11.79% and the 0 603 case size with 7.65% in terms of volume in 2022.
  • The 0 201 case size is one of the smallest available options, which allows for a higher component density on the circuit boards. In Asia-Pacific countries like Japan, India, South Korea, and China, the capabilities of mobile communication devices are increasing, and the demand for smaller modules and wearable devices, smartphones, PCs, and gaming consoles is increasing. There is an increasing demand for MLCCs of 0 201 case size.
  • The demand for 0 402 MLCCs is driven by the power and utilities sector. Factors such as the increased investment and the deployment of smart grid technologies such as smart meters, EV chargers, and other associated smart grid infrastructure technologies in the United Kingdom are expected to drive the market in the coming years. The UK government is increasingly considering smart grid technology as a strategic infrastructure investment that will contribute to the country's economic growth in the long term and enable the achievement of its carbon emission reduction objectives.
Global MLCC Market

Asia-Pacific expected to dominate the market owing to the population’s increasing demand for consumer electronics

  • Asia-Pacific held the largest market share of 62.01% in terms of value in 2020, owing to the presence of major players such as Murata Manufacturing Co. Ltd, and Yageo Corporation. Countries such as Japan, China, South Korea, and Taiwan possess advanced manufacturing capabilities and expertise, allowing for the efficient and cost-effective production of MLCCs in large volumes. The electronics industry has been the largest user of MLCCs in the past and is expected to hold a significant share in the future. China holds a prominent position in the consumer electronics manufacturing industry. With several companies developing MLCCs, approximately 61% of Chinese mobile phone users were expected to transition to smartphones by 2023, signifying a considerable shift in consumer preferences.
  • Europe held a market share of 15.49% in 2020 and continues to generate significant demand for MLCCs in electronics equipment and systems due to the region's powerful industrial base, most of which is related to the automotive industry. Germany is known for its advanced technologies in the automotive industry, and the country plans to increase its charging station infrastructure to 1 million by 2030, supported by a significant investment of EUR 6.3 billion. The number of EVs in Germany is expected to reach 15 million by 2030.
  • North America held a market share of 13.90% in 2020 in terms of value. The growing adoption of EVs in the region is expected to fuel the demand for MLCCs. In 2022, the Canadian government announced a sales mandate for zero-emission vehicles, with the aim that at least 20% of new passenger vehicles sold in Canada must be zero-emission vehicles by 2026, which is expected to increase to 60% by 2030 and jump to 100% by 2035.

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. High-Range Voltage (More than 1000V), Low-Range Voltage (Less than 500V), Mid-Range Voltage (500V to 1000V) are covered as segments by Voltage. High-Range Capacitance (More than 1000µF), Low-Range Capacitance (Less than 100µF), Mid-Range Capacitance (100µF to 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. Asia-Pacific, Europe, North America are covered as segments by Region.

  • The 0 201 case size sub-segment emerged as the frontrunner, capturing the largest market share of 71.35%, followed by the 0 402 case size with 11.79% and the 0 603 case size with 7.65% in terms of volume in 2022.
  • The 0 201 case size is one of the smallest available options, which allows for a higher component density on the circuit boards. In Asia-Pacific countries like Japan, India, South Korea, and China, the capabilities of mobile communication devices are increasing, and the demand for smaller modules and wearable devices, smartphones, PCs, and gaming consoles is increasing. There is an increasing demand for MLCCs of 0 201 case size.
  • The demand for 0 402 MLCCs is driven by the power and utilities sector. Factors such as the increased investment and the deployment of smart grid technologies such as smart meters, EV chargers, and other associated smart grid infrastructure technologies in the United Kingdom are expected to drive the market in the coming years. The UK government is increasingly considering smart grid technology as a strategic infrastructure investment that will contribute to the country's economic growth in the long term and enable the achievement of its carbon emission reduction objectives.
Dielectric Type
Class 1
Class 2
Case Size
0 201
0 402
0 603
1 005
1 210
Others
Voltage
High-Range Voltage (More than 1000V)
Low-Range Voltage (Less than 500V)
Mid-Range Voltage (500V to 1000V)
Capacitance
High-Range Capacitance (More than 1000µF)
Low-Range Capacitance (Less than 100µF)
Mid-Range Capacitance (100µF to 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
Region
Asia-Pacific
Europe
North America
Rest of the World
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MLCC Market Size Summary

The MLCC market is poised for significant growth, driven by the increasing demand for smaller and more efficient electronic components across various industries. The market is characterized by a strong focus on miniaturization, with the 0 201 case size sub-segment leading in market share due to its ability to enhance component density on circuit boards. This trend is particularly evident in the Asia-Pacific region, where the demand for mobile communication devices, wearables, and consumer electronics is on the rise. The power and utilities sector in regions like the United Kingdom is also contributing to the demand for MLCCs, driven by investments in smart grid technologies. The automotive industry, especially in Europe and North America, is witnessing a surge in MLCC usage due to the growing adoption of electric vehicles, which require these components for various electronic subsystems.

The market landscape is moderately consolidated, with major players such as Murata Manufacturing Co., Ltd, Samsung Electro-Mechanics, Taiyo Yuden Co., Ltd, TDK Corporation, and Yageo Corporation dominating the scene. These companies are continuously innovating to meet the evolving demands of the electronics and automotive industries. The stability in lead times for MLCCs, particularly the 01005 size, ensures a smooth supply chain, supporting the production of compact electronic devices and systems. The ongoing development of MLCCs tailored for automotive applications, such as those meeting high voltage requirements, underscores the critical role these components play in modern electronic and automotive systems. As the market continues to expand, the focus on sustainable and efficient solutions remains a key driver of growth.

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MLCC Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Dielectric Type

      1. 1.1.1 Class 1

      2. 1.1.2 Class 2

    2. 1.2 Case Size

      1. 1.2.1 0 201

      2. 1.2.2 0 402

      3. 1.2.3 0 603

      4. 1.2.4 1 005

      5. 1.2.5 1 210

      6. 1.2.6 Others

    3. 1.3 Voltage

      1. 1.3.1 High-Range Voltage (More than 1000V)

      2. 1.3.2 Low-Range Voltage (Less than 500V)

      3. 1.3.3 Mid-Range Voltage (500V to 1000V)

    4. 1.4 Capacitance

      1. 1.4.1 High-Range Capacitance (More than 1000µF)

      2. 1.4.2 Low-Range Capacitance (Less than 100µF)

      3. 1.4.3 Mid-Range Capacitance (100µF to 1000µF)

    5. 1.5 Mlcc Mounting Type

      1. 1.5.1 Metal Cap

      2. 1.5.2 Radial Lead

      3. 1.5.3 Surface Mount

    6. 1.6 End User

      1. 1.6.1 Aerospace and Defence

      2. 1.6.2 Automotive

      3. 1.6.3 Consumer Electronics

      4. 1.6.4 Industrial

      5. 1.6.5 Medical Devices

      6. 1.6.6 Power and Utilities

      7. 1.6.7 Telecommunication

      8. 1.6.8 Others

    7. 1.7 Region

      1. 1.7.1 Asia-Pacific

      2. 1.7.2 Europe

      3. 1.7.3 North America

      4. 1.7.4 Rest of the World

MLCC Market Size FAQs

The Global MLCC Market size is expected to reach USD 23.03 billion in 2024 and grow at a CAGR of 21.57% to reach USD 61.16 billion by 2029.

In 2024, the Global MLCC Market size is expected to reach USD 23.03 billion.

Multi-Layer Ceramic Capacitor (MLCC) Market Report Snapshots

MLCC Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis Up to 2029