United States MLCC Market Size

United States MLCC Market Analysis

The United States MLCC Market size is estimated at 2.55 billion USD in 2024, and is expected to reach 8 billion USD by 2029, growing at a CAGR of 25.69% during the forecast period (2024-2029).

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2.55 Billion

Market Size in 2024 (USD)

8 Billion

Market Size in 2029 (USD)

32.94 %

CAGR (2017-2023)

25.69 %

CAGR (2024-2029)

Largest Segment by Dielectric Type

52.33 %

value share, Class 2, 2023

The growth of Class 2 MLCCs like X7R, X5R, and Y5V is attributed to the growing demand for electric vehicles, industrial automation equipment, power and utilities, etc., owing to superior performance and stable and precise operations.

Largest Segment by Case Size

26.42 %

value share, 0 402, 2023

The ongoing trend of miniaturization, combined with the requirement for increased component density, is driving the need for these components. The growing demand for portable and connected devices is also contributing to the growth of 0 402 MLCC components. These components allow manufacturers to achieve a compact design without compromising on performance.

Fastest Segment by Voltage

26.47 %

Projected CAGR, Less than 500V, 2024-2029

The less-than 500V MLCCs are used in various medical devices and automotive parts and components. The increasing geriatric population in the country is likely to increase the demand for medical devices, thereby increasing the demand for these MLCCs.

Largest Segment by Mounting Type

43.78 %

value share, Surface Mount, 2023

As the demand for smaller and more powerful electronic devices continues to grow in the country, manufacturers are innovating and miniaturizing these MLCCs. The increasing demand for consumer electronics and electric vehicles in the country is also boosting the demand for surface-mount MLCCS used in them.

Fastest Segment by End-user

27.64 %

Projected CAGR, Power and Utilities, 2024-2029

The increasing number of smart cities and green building concepts may invite innovative smart meter applications. Due to infrastructure growth across the United States, more lighting options are required, and LED lights are the ideal alternatives. As a result, there is a noticeable increase in the demand for LED lights in the country.

Increasing awareness among consumers about the emergence of novel technologies among the primary growth drivers of 0201 MLCCs

United States 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 case size 0201 segment emerged as the frontrunner, capturing the largest market share of 22.29%, followed by 0402, with 22.22%, and 0603, with 21.94%, in terms of volume in 2022.
• 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 0201 MLCC components, enabling manufacturers to achieve compact designs without compromising performance. The United States is home to several prominent laptop manufacturers and multinational companies with 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 01005 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. Smartphones are in high demand in the United States due to the rapid adoption of the 5G network.
• The 0402 case type is widely adopted as a form factor for surface-mount ceramic capacitors. The automotive industry relies on 0402 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.