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In 2017, by class, the class 2 segment dominated the global multilayer ceramic capacitor market, in terms of revenue. Furthermore, based on application, the consumer electronics led the global market, followed by automotive in 2017. This is attributed to the fact that MLCCs are widely used in applications such as telecommunications, data processing, PCs, hard disks, game PCs, DVDs, video cameras, mobile phones, general electronic circuits, and others.
Akshay Jadhav
Lead Analyst, Semiconductor & Electronics at AMR
According to a recent report published by Allied Market Research, titled, Global Multi-layer Ceramic Capacitor Market by Class, Application: Global Opportunity Analysis and Industry Forecast, 2018-2024, the global multilayer ceramic capacitor market was valued at $5,315 million in 2017, and is projected to reach at $7,833 million by 2024, growing at a CAGR of 5.5% from 2018 to 2024.
At present, Asia-Pacific dominates the market, followed by North America. In 2017, China dominated the Asia-Pacific market and Germany led the overall market in Europe. However, in North America, the U.S. currently leads the market.
Enhanced frequency characteristics and high resistance to abnormal voltage propel the growth of the global MLCC market. In addition, performance advantages of MLCC such as high capacitance & lower impedance and its compact size contribute towards the market growth. However, MLCCs are highly prone to physical damage such as cracking, which hampers the market growth.
The key players profiled in the report include Murata Manufacturing Co., Ltd., Samsung Electro-Mechanics, TDK Corporation, Kyocera (AVX), Taiyo Yuden Co. Ltd., YAGEO Corporation, Walsin Technology Corporation, KEMET, Vishay, and Darfon Electronics Corp.
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Multilayer Ceramic Capacitor Market by Class (Class 1 (NP0 (C0G), P100, and Others (N33 and N75)) and Class 2 (X7R, X5R, Y5V, and Others (Z5U and X7S)), Application (Consumer Electronics, Automotive, Manufacturing, Healthcare, and Others (Defense and Aviation)) - Global Opportunity Analysis and Industry Forecast, 2018-2024
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