North America MLCC Market Size

North America MLCC Market Analysis

The North America MLCC Market size is estimated at 4.11 billion USD in 2024, and is expected to reach 11 billion USD by 2029, growing at a CAGR of 21.78% during the forecast period (2024-2029).

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4.11 Billion

Market Size in 2024 (USD)

11 Billion

Market Size in 2029 (USD)

23.54 %

CAGR (2017-2023)

21.78 %

CAGR (2024-2029)

Largest Segment by Case Size

27.06 %

value share, 0 201, 2023

The ongoing miniaturization trend in consumer electronics like smartphones due to technological advancements like 5G is increasing the demand for compact 0201 case sizes.

Largest Segment by Capacitance

43.08 %

value share, Less than 100µF, 2023

The capacitance segment is dominated by the low capacitance sub-segment of less than 100 µF. The growth of these MLCCs is due to the increasing emphasis on the development of advanced medical devices and the proliferation of product introductions.

Fastest Segment by Mounting Type

22.73 %

Projected CAGR, Metal Cap, 2024-2029

These MLCCs exhibit excellent thermal shock and vibration resistance compared to other MLCCs, making them suitable for the automotive industry. The region has witnessed an unprecedented demand for BEVs over the past few years. The growth of EVs is expected to increase the demand for these MLCCs.

Fastest Segment by End-user

40.54 %

Projected CAGR, Automotive, 2024-2029

The demand for the automotive industry will be driven by the increasing penetration of electric mobility in the major countries of North America. In addition, the increasing support of the government in the form of favourable initiatives and policies will also contribute to the growth of the market. The increasing preference of the consumers for safety and convenience features in vehicles is supported by the latest technologies such as ADAS.

Fastest Segment by Country

25.69 %

Projected CAGR, United States, 2024-2029

The country is one of the pioneers of advanced automotive, especially electric vehicles and autonomous technology. A significant number of manufacturers in the country are installing ADAS features. These emerging features in the automotive industry are expected to accentuate the demand for MLCCs in the country.

Increasing awareness among consumers about the emergence of novel technologies is among the primary growth stimulants of 0 201 MLCCs

Favorable government incentives and subsidies are expected to increase the demand for EVs in the United States

North America 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. United States, Others are covered as segments by Country.

• Case size 0 201 holds the largest market share of 32.73% in terms of volume and generated a revenue of USD 644.90 million in 2022. The case size 0 603 is the fastest-growing segment, with a CAGR of 29.10% (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. North America is home to several laptop manufacturers and multinational companies that have a significant presence in the market. The increased need for video conferencing, virtual collaboration tools, and online education has accelerated laptop sales.
• 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 number of smartphone users in Canada is increasing every year as consumers spend more money on devices, including upgrades to their existing phones.
• The 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, and ADAS. These capacitors provide reliable performance in harsh automotive environments. The demand for autonomous vehicles is rising in North America due to the increased focus on automotive safety, the rise in demand for comfort features in a vehicle, and a growing desire of vehicle owners to reduce the amount of human error in case of accidents.