Smartphone MLCC Market Size

Smartphone MLCC Market Analysis

The Smartphone MLCC Market size is estimated at 5.35 billion USD in 2024, and is expected to reach 11.58 billion USD by 2029, growing at a CAGR of 16.72% during the forecast period (2024-2029).

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5.35 Billion

Market Size in 2024 (USD)

11.58 Billion

Market Size in 2029 (USD)

21.48 %

CAGR (2017-2023)

16.72 %

CAGR (2024-2029)

Largest Segment by Technology

72.97 %

value share, 5G Smartphones, 2023

The technology segment is dominated by 5G smartphones. Rising demand for high-speed data connectivity for integrated IoT applications, such as smart home products and energy management, is estimated to propel the adoption of 5G smartphones over the forecast period.

Fastest Segment by Operating System

19.63 %

Projected CAGR, iOS, 2024-2029

Apple's emphasis is on providing superior customer experience, creative designs, and high-quality products. The introduction of its latest flagship, the iPhone 14 Pro Max, has further strengthened Apple's position in the market and brought more users to the platform.

Largest Segment by Case Size

31.57 %

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-size MLCCs.

Fastest Segment by Dielectric Type

16.92 %

Projected CAGR, Class 2, 2024-2029

X5R and X7R are the fastest-growing Class 2 dielectric types due to the increasing usage of consumer electronics like smartphones and advancements in 5G technology.

Largest Segment by Region

46.47 %

value share, Asia-Pacific, 2023

Asia-Pacific is one of the significant markets for smartphones, primarily due to the highly developing telecom sector and large customer base. The region is also increasingly investing in its mobile network.

The smartphone MLCC market is being propelled by compact solutions provided by various case sizes

Regional dynamics are shaping the smartphone MLCC market

Smartphone MLCC Industry Segmentation

4G Smartphones, 5G Smartphones, Others are covered as segments by Technology. Android, iOS are covered as segments by Operating System. 0 201, 0 402, 0 603, 0 805, 1 210, Others are covered as segments by Case Size. 10V to 20V, Above 20V, Less than 10V are covered as segments by Voltage. 10 μF to 100 μF, Less than 10 μF, More than 100 μF are covered as segments by Capacitance. Class 1, Class 2 are covered as segments by Dielectric Type. Budget smartphones (Less than USD 300), Mid-range smartphones (USD 300 - USD 700), Premium smartphones (More than USD 700) are covered as segments by Price Range. Asia-Pacific, Europe, North America are covered as segments by Region.

• The utilization of compact MLCCs is strategically targeted toward the intricate designs of space-constrained smartphones. The incorporation of compact 0 201 MLCCs is specifically tailored to address the intricate design challenges presented by space-constrained smartphones.
• The proliferation of 5G-enabled devices, ranging from laptops to specialized industry tools, has a direct and consequential impact on the demand for MLCCs. Notably, 1 201 MLCCs, renowned for their compact form factor and compatibility with diminutive electronic devices, are projected to record a surge in demand. As 5G technology transcends the realm of smartphones, manufacturers engaging in the production of laptops, drones, and an array of other cutting-edge gadgets seek reliable and efficient MLCC components.
• Building upon this continuum, the 0 402 MLCCs, slightly larger than their 0 201 counterparts, effectively strike an optimal balance between dimensions and capacitance. The 0 603 MLCCs introduce a facet of versatility by catering adeptly to applications necessitating moderate levels of capacitance.
• An underlying trend of notable significance lies within the realm of the smartphone MLCC market, i.e., the meteoric rise in the demand for the 0 402 case size. This surge is attributed to the rise of 5G technology, which fuels the demand for these capacitors.
• As consumers enthusiastically adopt wireless home broadband access, the requisition for 5G routers and associated devices experiences a corresponding surge, thereby augmenting the demand landscape for these critical MLCCs.