South Korea MLCC Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 2.64 Billion |
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Market Size (2029) | USD 7.3 Billion |
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Largest Share by Case Size | 0 201 |
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CAGR (2024 - 2029) | 22.56 % |
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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 |
South Korea MLCC Market Analysis
The South Korea MLCC Market size is estimated at 2.64 billion USD in 2024, and is expected to reach 7.3 billion USD by 2029, growing at a CAGR of 22.56% during the forecast period (2024-2029).
2.64 Billion
Market Size in 2024 (USD)
7.3 Billion
Market Size in 2029 (USD)
18.28 %
CAGR (2017-2023)
22.56 %
CAGR (2024-2029)
Largest Segment by Case Size
33.83 %
value share, 0 201, 2023
Their small size and high capacitance make them suitable for space-constrained electronic designs. These MLCCs provide reliable performance and contribute to the miniaturization and efficiency of electronic devices.
Fastest Segment by Voltage
22.57 %
Projected CAGR, Less than 500V, 2024-2029
The increasing popularity of smartwatches and the rising prevalence of chronic diseases such as cardiovascular diseases, and obesity are increasing the demand for less than 500V MLCCs
Largest Segment by Capacitance
61.60 %
value share, Less than 100µF, 2023
South Korea's consumer electronics industry is driven by advancements such as the emergence of IoT and the growing popularity of smart devices, which may increase the country's demand for consumer electronics that use MLCCs with a capacitance of less than 100µF.
Largest Segment by Mounting Type
40.03 %
value share, Surface Mount, 2023
The proliferation of portable and interconnected devices further increases the need for MLCCs that can be mounted on the surface, allowing manufacturers to achieve a compact design without compromising on performance.
Fastest Segment by End-user
28 %
Projected CAGR, Consumer Electronics, 2024-2029
Rising demand for consumer electronics like 5G smartphones, coupled with improving economic conditions, is increasing the demand for consumer electronics, thereby increasing the demand for MLCCs.
The consumers shift to EV’s, and the increasing installation of charging stations are driving the MLCC demand
- 0 201 case size segment emerged as the frontrunner, capturing the largest market share of 34.78%, followed by 0 402 case size segment with 20.22% and 0 603 case size segment with 15.62% in terms of volume in 2022.
- The 0 201-case size is one of the most compact options available, thus providing a higher component density for the circuit boards. South Korea currently has several data centers, and it is witnessing a surge in demand for robust and reliable data services to support applications like IoT, 5G, and AI-driven technologies that heavily rely on high computational power. To effectively meet the power demands of these upgraded systems, server system designers are incorporating high-capacity 0 201 MLCCs to ensure reliable support and performance.
- EV charging stations are highly in need of 0603 MLCCs. Seoul, South Korea, plans to install more than 2 lakh EV chargers by 2026. Also, the city wants 400,000 vehicles like cars and motorcycles to be replaced by electric vehicles instead. The demand for 0 603 multi-layer ceramic capacitors (MLCCs) is expected to significantly increase, particularly those integrated in the LLC circuits of the charging piles, as these MLCCs with high capacitance of more than 1000uF will be essential in meeting the increasing demand for reliable and effective charging solutions, thus supporting the continued development of the electric vehicle industry in South Korea.
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South Korea MLCC Market Trends
There is a shift toward the electrification of light commercial vehicles in South Korea
- South Korea is witnessing a shift toward electrification for light commercial vehicles, which is becoming evident even in the domestic market. The country produced 25.83 thousand light commercial vehicles in 2019.
- In terms of market share, South Korea continued to lead in 2022, with 27% of LCV sales being electric (36,000 vehicles). However, sales growth in 2022 slowed to half its level in the previous year. This decline may be due to changes to the subsidy scheme for LCVs and the repealing of a policy in April 2022 that made obtaining commercial registration permits easier for electric LCVs than ICE models.
- For electric LCVs, the incentives per vehicle decreased from USD 10,800 to USD 9,300 in 2023. However, with around 30% more subsidized passenger cars and commercial vehicles, total government funding for electric LDV subsidies increased from USD 1.2 billion in 2022 to USD 1.3 billion in 2023. In April 2022, South Korea ended its policy of free light commercial vehicle (LCV) registration. However, it has remained a leader in electric LCV deployment in the same years, averaging 27% of sales over the year. These factors increased the overall production of light commercial vehicles to 75.27 thousand units in 2022.
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Increasing demand to achieve advanced hydrogen economy
- South Korea is the seventh-largest market worldwide by vehicle sales and the fifth-largest producer of passenger cars in the global automotive industry. The country produced 3.61 million units of passenger cars in 2019.
- The passenger vehicle segment witnessed a Y-o-Y drop of 11.10% in terms of production as several manufacturers took measures to reduce their production in response to the parts shortages caused by the events taking place in China due to the COVID-19 pandemic.
- South Korea is shifting toward electric cars, and it increased the production of electric passenger cars to 3.43 million units in 2022. In Korea, the government promotes EVs by applying higher subsidy amounts to vehicles with a higher full electric range. The maximum passenger car incentives decreased from USD 5,400 to USD 5,300 in 2023, though consumers can also benefit from local subsidies. The transition to electric mobility is rising and may continue to shift trade balances. South Korea is a net exporter of electric cars, electric motors, and Li-ion batteries. It is well-positioned to benefit from the growing electric car market.
- In 2022, the stock of fuel cell electric vehicles (FCEVs) increased, and about 80% of the FCEVs are cars. The country is now home to over half of all fuel-cell cars globally. Two-thirds of the additional 15,000 fuel cell cars that hit the road in 2022 were in South Korea, partly attributed to a policy landscape that supports FCEV production and sales. This trend has also led Hyundai to become the top fuel cell automaker. Focused on FCEV and full cells for power generation, South Korea is aiming to achieve an advanced hydrogen economy in the future, which may increase the production of passenger vehicles.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Increasing adoption of hydrogen fuel cell buses is boosting the market's growth
- Supporting government subsidies and policies for EVs
- The increasing usage of other devices like notebooks and smartphones resulted in a decline in the sales of desktop PCs
- The slack in consumer demand due to inflationary pressures and the increasing usage of smartphones hindered the market’s growth
- The increasing amount of data traffic and affordable 5G smartphones are driving the demand in the country
- The increasing demand for smartphones resulted in tablets sales decline
- Rise in aging population
- Stringent emission policies are hindering the production of heavy trucks
- The South Korean government’s energy-saving initiatives to reduce carbon emissions are driving the sales of air conditioners
- The high-speed internet penetration, rising gaming subscription rates, and growing young population are driving the demand for gaming consoles
- The higher costs and a delay in construction projects resulted in a decline in refrigerator sales
- The increasing usage of smartphones with high storage capabilities resulted in decline in storage unit sales
- The innovative sleek TV designs, advanced features, stringent manufacturing regulations are driving the demand
- Increased minimum wage is expected to increase the sales of service robots in South Korea
South Korea MLCC Industry Overview
The South Korea MLCC Market is fairly consolidated, with the top five companies occupying 73.33%. The major players in this market are Kyocera AVX Components Corporation (Kyocera Corporation), Murata Manufacturing Co., Ltd, Samsung Electro-Mechanics, Taiyo Yuden Co., Ltd and TDK Corporation (sorted alphabetically).
South Korea MLCC Market Leaders
Kyocera AVX Components Corporation (Kyocera Corporation)
Murata Manufacturing Co., Ltd
Samsung Electro-Mechanics
Taiyo Yuden Co., Ltd
TDK Corporation
Other important companies include Maruwa Co ltd, Nippon Chemi-Con Corporation, Samwha Capacitor Group, Vishay Intertechnology Inc., Walsin Technology Corporation, Würth Elektronik GmbH & Co. KG, Yageo Corporation.
*Disclaimer: Major Players sorted in alphabetical order.
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South Korea 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
South Korea 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 Automotive Production
- 4.1.1 Buses and Coaches Production
- 4.1.2 Heavy Trucks Production
- 4.1.3 Light Commercial Vehicles Production
- 4.1.4 Passenger Vehicles Production
- 4.1.5 Total Motor Production
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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 Industrial Automation Sales
- 4.3.1 Industrial Robots Sales
- 4.3.2 Service Robots Sales
- 4.4 Regulatory Framework
- 4.5 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:
- PRODUCTION OF BUSES AND COACHES , THOUSAND, SOUTH KOREA, 2017 - 2022
- Figure 2:
- PRODUCTION OF HEAVY TRUCKS , THOUSAND, SOUTH KOREA, 2017 - 2022
- Figure 3:
- PRODUCTION OF LIGHT COMMERCIAL VEHICLES , THOUSAND, SOUTH KOREA, 2017 - 2022
- Figure 4:
- PRODUCTION OF PASSENGER VEHICLES , MILLION, SOUTH KOREA, 2017 - 2022
- Figure 5:
- PRODUCTION OF TOTAL MOTOR , MILLION, SOUTH KOREA, 2017 - 2022
- Figure 6:
- SALES OF AIR CONDITIONER , MILLION, SOUTH KOREA, 2017 - 2029
- Figure 7:
- SALES OF DESKTOP PC'S , THOUSAND, SOUTH KOREA, 2017 - 2029
- Figure 8:
- SALES OF GAMING CONSOLE , THOUSAND, SOUTH KOREA, 2017 - 2029
- Figure 9:
- SALES OF LAPTOPS , MILLION, SOUTH KOREA, 2017 - 2029
- Figure 10:
- SALES OF REFRIGERATOR , MILLION, SOUTH KOREA, 2017 - 2029
- Figure 11:
- SALES OF SMARTPHONES , MILLION, SOUTH KOREA, 2017 - 2029
- Figure 12:
- SALES OF STORAGE UNIT , MILLION, SOUTH KOREA, 2017 - 2029
- Figure 13:
- SALES OF TABLETS , MILLION, SOUTH KOREA, 2017 - 2029
- Figure 14:
- SALES OF TELEVISION , MILLION, SOUTH KOREA, 2017 - 2029
- Figure 15:
- SALES OF INDUSTRIAL ROBOTS , THOUSAND, SOUTH KOREA, 2017 - 2029
- Figure 16:
- SALES OF SERVICE ROBOTS , THOUSAND, SOUTH KOREA, 2017 - 2029
- Figure 17:
- VOLUME OF SOUTH KOREA MLCC MARKET, , SOUTH KOREA, 2017 - 2029
- Figure 18:
- VALUE OF SOUTH KOREA MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 19:
- VOLUME OF SOUTH KOREA MLCC MARKET BY DIELECTRIC TYPE, , SOUTH KOREA, 2017 - 2029
- Figure 20:
- VALUE OF SOUTH KOREA MLCC MARKET BY DIELECTRIC TYPE, USD, SOUTH KOREA, 2017 - 2029
- Figure 21:
- VALUE SHARE OF SOUTH KOREA MLCC MARKET BY DIELECTRIC TYPE, %, SOUTH KOREA, 2017 - 2029
- Figure 22:
- VOLUME SHARE OF SOUTH KOREA MLCC MARKET BY DIELECTRIC TYPE, %, SOUTH KOREA, 2017 - 2029
- Figure 23:
- VOLUME OF CLASS 1 MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 24:
- VALUE OF CLASS 1 MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 25:
- VOLUME OF CLASS 2 MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 26:
- VALUE OF CLASS 2 MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 27:
- VOLUME OF SOUTH KOREA MLCC MARKET BY CASE SIZE, , SOUTH KOREA, 2017 - 2029
- Figure 28:
- VALUE OF SOUTH KOREA MLCC MARKET BY CASE SIZE, USD, SOUTH KOREA, 2017 - 2029
- Figure 29:
- VALUE SHARE OF SOUTH KOREA MLCC MARKET BY CASE SIZE, %, SOUTH KOREA, 2017 - 2029
- Figure 30:
- VOLUME SHARE OF SOUTH KOREA MLCC MARKET BY CASE SIZE, %, SOUTH KOREA, 2017 - 2029
- Figure 31:
- VOLUME OF 0 201 MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 32:
- VALUE OF 0 201 MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 33:
- VOLUME OF 0 402 MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 34:
- VALUE OF 0 402 MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 35:
- VOLUME OF 0 603 MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 36:
- VALUE OF 0 603 MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 37:
- VOLUME OF 1 005 MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 38:
- VALUE OF 1 005 MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 39:
- VOLUME OF 1 210 MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 40:
- VALUE OF 1 210 MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 41:
- VOLUME OF OTHERS MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 42:
- VALUE OF OTHERS MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 43:
- VOLUME OF SOUTH KOREA MLCC MARKET BY VOLTAGE, , SOUTH KOREA, 2017 - 2029
- Figure 44:
- VALUE OF SOUTH KOREA MLCC MARKET BY VOLTAGE, USD, SOUTH KOREA, 2017 - 2029
- Figure 45:
- VALUE SHARE OF SOUTH KOREA MLCC MARKET BY VOLTAGE, %, SOUTH KOREA, 2017 - 2029
- Figure 46:
- VOLUME SHARE OF SOUTH KOREA MLCC MARKET BY VOLTAGE, %, SOUTH KOREA, 2017 - 2029
- Figure 47:
- VOLUME OF 500V TO 1000V MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 48:
- VALUE OF 500V TO 1000V MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 49:
- VOLUME OF LESS THAN 500V MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 50:
- VALUE OF LESS THAN 500V MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 51:
- VOLUME OF MORE THAN 1000V MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 52:
- VALUE OF MORE THAN 1000V MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 53:
- VOLUME OF SOUTH KOREA MLCC MARKET BY CAPACITANCE, , SOUTH KOREA, 2017 - 2029
- Figure 54:
- VALUE OF SOUTH KOREA MLCC MARKET BY CAPACITANCE, USD, SOUTH KOREA, 2017 - 2029
- Figure 55:
- VALUE SHARE OF SOUTH KOREA MLCC MARKET BY CAPACITANCE, %, SOUTH KOREA, 2017 - 2029
- Figure 56:
- VOLUME SHARE OF SOUTH KOREA MLCC MARKET BY CAPACITANCE, %, SOUTH KOREA, 2017 - 2029
- Figure 57:
- VOLUME OF 100ΜF TO 1000 ΜF MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 58:
- VALUE OF 100ΜF TO 1000 ΜF MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 59:
- VOLUME OF LESS THAN 100 ΜF MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 60:
- VALUE OF LESS THAN 100 ΜF MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 61:
- VOLUME OF MORE THAN 1000 ΜF MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 62:
- VALUE OF MORE THAN 1000 ΜF MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 63:
- VOLUME OF SOUTH KOREA MLCC MARKET BY MLCC MOUNTING TYPE, , SOUTH KOREA, 2017 - 2029
- Figure 64:
- VALUE OF SOUTH KOREA MLCC MARKET BY MLCC MOUNTING TYPE, USD, SOUTH KOREA, 2017 - 2029
- Figure 65:
- VALUE SHARE OF SOUTH KOREA MLCC MARKET BY MLCC MOUNTING TYPE, %, SOUTH KOREA, 2017 - 2029
- Figure 66:
- VOLUME SHARE OF SOUTH KOREA MLCC MARKET BY MLCC MOUNTING TYPE, %, SOUTH KOREA, 2017 - 2029
- Figure 67:
- VOLUME OF METAL CAP MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 68:
- VALUE OF METAL CAP MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 69:
- VOLUME OF RADIAL LEAD MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 70:
- VALUE OF RADIAL LEAD MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 71:
- VOLUME OF SURFACE MOUNT MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 72:
- VALUE OF SURFACE MOUNT MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 73:
- VOLUME OF SOUTH KOREA MLCC MARKET BY END USER, , SOUTH KOREA, 2017 - 2029
- Figure 74:
- VALUE OF SOUTH KOREA MLCC MARKET BY END USER, USD, SOUTH KOREA, 2017 - 2029
- Figure 75:
- VALUE SHARE OF SOUTH KOREA MLCC MARKET BY END USER, %, SOUTH KOREA, 2017 - 2029
- Figure 76:
- VOLUME SHARE OF SOUTH KOREA MLCC MARKET BY END USER, %, SOUTH KOREA, 2017 - 2029
- Figure 77:
- VOLUME OF AEROSPACE AND DEFENCE MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 78:
- VALUE OF AEROSPACE AND DEFENCE MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 79:
- VOLUME OF AUTOMOTIVE MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 80:
- VALUE OF AUTOMOTIVE MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 81:
- VOLUME OF CONSUMER ELECTRONICS MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 82:
- VALUE OF CONSUMER ELECTRONICS MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 83:
- VOLUME OF INDUSTRIAL MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 84:
- VALUE OF INDUSTRIAL MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 85:
- VOLUME OF MEDICAL DEVICES MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 86:
- VALUE OF MEDICAL DEVICES MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 87:
- VOLUME OF POWER AND UTILITIES MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 88:
- VALUE OF POWER AND UTILITIES MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 89:
- VOLUME OF TELECOMMUNICATION MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 90:
- VALUE OF TELECOMMUNICATION MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 91:
- VOLUME OF OTHERS MLCC MARKET, NUMBER, , SOUTH KOREA, 2017 - 2029
- Figure 92:
- VALUE OF OTHERS MLCC MARKET, USD, SOUTH KOREA, 2017 - 2029
- Figure 93:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, SOUTH KOREA, 2017 - 2029
- Figure 94:
- MOST ADOPTED STRATEGIES, COUNT, SOUTH KOREA, 2017 - 2029
- Figure 95:
- VALUE SHARE OF MAJOR PLAYERS, %, SOUTH KOREA, 2017 - 2029
South Korea 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.
- 0 201 case size segment emerged as the frontrunner, capturing the largest market share of 34.78%, followed by 0 402 case size segment with 20.22% and 0 603 case size segment with 15.62% in terms of volume in 2022.
- The 0 201-case size is one of the most compact options available, thus providing a higher component density for the circuit boards. South Korea currently has several data centers, and it is witnessing a surge in demand for robust and reliable data services to support applications like IoT, 5G, and AI-driven technologies that heavily rely on high computational power. To effectively meet the power demands of these upgraded systems, server system designers are incorporating high-capacity 0 201 MLCCs to ensure reliable support and performance.
- EV charging stations are highly in need of 0603 MLCCs. Seoul, South Korea, plans to install more than 2 lakh EV chargers by 2026. Also, the city wants 400,000 vehicles like cars and motorcycles to be replaced by electric vehicles instead. The demand for 0 603 multi-layer ceramic capacitors (MLCCs) is expected to significantly increase, particularly those integrated in the LLC circuits of the charging piles, as these MLCCs with high capacitance of more than 1000uF will be essential in meeting the increasing demand for reliable and effective charging solutions, thus supporting the continued development of the electric vehicle industry in South Korea.
| 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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