South Korea MLCC Market Size

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).

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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

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.