United Kingdom MLCC Market Size

United Kingdom MLCC Market Analysis

The United Kingdom MLCC Market size is estimated at 0.86 billion USD in 2024, and is expected to reach 2.53 billion USD by 2029, growing at a CAGR of 23.95% during the forecast period (2024-2029).

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0.86 Billion

Market Size in 2024 (USD)

2.53 Billion

Market Size in 2029 (USD)

39.62 %

CAGR (2017-2023)

23.95 %

CAGR (2024-2029)

Largest Segment by Case Size

33.35 %

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

24.43 %

Projected CAGR, Less than 500V, 2024-2029

The automotive industry is gradually transitioning toward an autonomous era due to favorable government initiatives, thus boosting the demand for less than 500V MLCCs.

Largest Segment by Capacitance

44.83 %

value share, 100µF to 1000µF, 2023

Solar photovoltaics in the United Kingdom are experiencing a surge in demand due to the expansion of distributed energy systems and the government's support of renewable energy policies. The cost of solar modules and related systems is expected to decrease, increasing the demand for PV installations in the country. This factor is expected to increase the demand for 100µF-1000µF capacitance MLCCs.

Largest Segment by Mounting Type

61.27 %

value share, Metal Cap, 2023

The emergence of the concept of connected enterprises is fueling the growth of the UK industrial automation market, wherein these metal cap MLCCs are used.

Fastest Segment by End-user

25.88 %

Projected CAGR, Automotive, 2024-2029

The UK government is focused on shifting toward electric and autonomous vehicles (EV and AV). Rising concerns among the population toward road safety and favorable government regulations are supporting the growth of ADAS technology in the country.

The government’s increasing investments in military equipment and the rapid expansion of the telecommunication sector are driving MLCC demand

United Kingdom 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.

• The 0 201 case size segment emerged as the frontrunner, capturing the largest market share of 36.20%, followed by the 0 402 case size segment with 18.92% and the 0 603 case size segment with 14.08% in terms of volume in 2022.
• The 0 603 MLCC is among the most compact available, thus increasing the component density of the circuit board. As the UK's aerospace and defense sector invests in advanced technologies and systems, such as communication equipment and unmanned aerial vehicles (UAVs), the need for 0 603 MLCCs with X7R dielectric with mid capacitance of 100uF-1000uF is expected to grow due to their essential role in sustaining dependable and efficient power performance.
• The demand for 0 402 MLCCs is being driven by the power and utilities sector. Factors such as increased investment and 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.