Market Size of mid voltage mlcc Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 5.29 Billion |
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Market Size (2029) | USD 14.04 Billion |
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Largest Share by Case Size | 0 201 |
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CAGR (2024 - 2029) | 21.55 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Mid Voltage MLCC Market Analysis
The Mid Voltage MLCC Market size is estimated at 5.29 billion USD in 2024, and is expected to reach 14.04 billion USD by 2029, growing at a CAGR of 21.55% during the forecast period (2024-2029).
5.29 Billion
Market Size in 2024 (USD)
14.04 Billion
Market Size in 2029 (USD)
16.42 %
CAGR (2017-2023)
21.55 %
CAGR (2024-2029)
Largest Segment by Case Size
31.57 %
value share, 0 201, 2023
The current miniaturization trend in consumer electronics, including smartphones, and the development of technology like 5G are driving the demand for 0201 MLCCs.
Largest Segment by Capacitance
47.57 %
value share, Low-Range Capacitance, 2023
The growth of low-range capacitance MLCCs is due to the increasing emphasis on the development of advanced medical devices and the proliferation of product launches.
Largest Segment by Mounting Type
47.57 %
value share, Surface Mount, 2023
The automotive sector is steadily transitioning toward the autonomous era due to favorable government strategies, which may boost the demand for surface-mount MLCCs.
Fastest Segment by End-user
22.81 %
Projected CAGR, Industrial, 2024-2029
Continuous advancements to meet the evolving requirements of automation applications have increased the demand for industrial robots. Car manufacturers have started using automated robotic systems for the high-volume production of vehicles.
Largest Segment by Region
46.47 %
value share, Asia-Pacific, 2023
Industries in Asia-Pacific countries like China, India, South Korea, and Japan are boosting automation, robotics, and AI. IoT solutions are also being utilized to improve operational efficiency, increase productivity, and gain an advantage over competitors.
The increasing youth population's reliance on smartphones and increasing deployment of 5G networks are driving the demand
- 0 201 consumer electronics emerged as the frontrunner, capturing the largest market share of 31.57%, followed closely by 0 402 with 20.77% and 1 210 with 20.57% in terms of volume in 2022.
- The case size of 0 201 is among the most compact available, thus increasing the component density of the circuit board. These MLCCs are widely used in consumer electronics, telecom, and medical devices. For instance, telecom operators like Ofcom, EE, Vodafone, Three, and O2 plan to provide 5G coverage to the entire UK population. EE aimed to achieve this by early 2023 and plans to offer 5G nationwide by 2028. Vodafone had 5G available in 141 locations across the United Kingdom as of March 2022. The demand for 0201 MLCCs is increasing as the introduction of 5G networks offers high data speeds and low latency, enabling users to enjoy high-quality multimedia content on their smartphones. 5G, streaming 4 K and 8 K videos, virtual reality (VR), and augmented reality (AR) applications have become more accessible and enjoyable on 5G-enabled smartphones.
- South Korea is still a major player in the smartphone industry. In the realm of consumer electronics like smartphones, the 0 402-case size MLCC is a widely used component. Schoolkids in South Korea are getting more addicted to their phones. For instance, in 2021, almost all South Korean teenagers used smartphones. Around 50% of kids aged 10-19 were addicted to smartphones. Smartphones are getting smaller and sleeker, with more features, so there is a growing need for smaller electronic components like 0 402 MLCC.
Understand The Key Trends Shaping This Market
The increasing usage of consumer electronics like 5G-enabled smartphones and rapid technological advancements in the automotive sector are driving the MLCC demand
- Asia-Pacific emerged as the frontrunner, capturing the largest market share of 43.00%, followed by North America, with 23.57%, and Europe, with 22.80%, in terms of volume in 2022.
- Asia-Pacific encompasses several emerging economies characterized by lower consumer electronics ownership rates. This factor, coupled with a rising trend of consumer spending, presents substantial growth opportunities in the market. The increasing demand for premium smartphones priced over USD 400 in India is closely tied to the expansion of the 5G network. As 5G smartphones continue to evolve with new features and functionalities, there is a growing need for miniaturized MLCCs to cater to the diverse requirements of these devices. The compact design goals of 5G smartphones further drive the demand for miniaturized MLCCs as they enable the seamless integration of 5G capabilities within the limited space of a smartphone chassis.
- In Europe, the German automotive industry is one of the biggest contributors to the country's economic growth. As a result, the demand for X7R MLCCs is on the rise. An engine-powered vehicle without an automatic driving feature typically needs around 3,000 MLCCs, whereas an electric vehicle (EV) typically requires 8,000-10,000 MLCCs. The current state of the automotive industry can be seen in the rapid technological development that is taking place in Germany. Additionally, the German government's regulations, incentives, and discounts, as well as the growing awareness of e-mobility, are encouraging consumers to purchase electric vehicles.
