Market Size of mlcc Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 23.03 Billion |
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Market Size (2029) | USD 61.16 Billion |
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Largest Share by Case Size | 0 201 |
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CAGR (2024 - 2029) | 21.57 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
MLCC Market Analysis
The MLCC Market size is estimated at 23.03 billion USD in 2024, and is expected to reach 61.16 billion USD by 2029, growing at a CAGR of 21.57% during the forecast period (2024-2029).
23.03 Billion
Market Size in 2024 (USD)
61.16 Billion
Market Size in 2029 (USD)
16.34 %
CAGR (2017-2023)
21.57 %
CAGR (2024-2029)
Largest Segment by Dielectric Type
60.93 %
value share, Class 1, 2023
The Class 1 dielectric-type MLCCs like C0G, X8G, and U2J are growing due to their reliability and accuracy, making them the preferred ceramic capacitors for various applications that require stable performance in demanding environments.
Fastest Segment by Case Size
22.23 %
Projected CAGR, 0 201, 2024-2029
The demand for 0201 MLCCs is driven by the ongoing trend of miniaturization and the need for higher component density.
Largest Segment by Voltage
59.37 %
value share, Low-Range Voltage (Less than 500V), 2023
The usage of MLCCs in consumer electronics, such as smartphones, is increasing, along with a consumer shift toward EVs to reduce carbon emissions,thereby increasing the demand of low-range voltage (less than 500V) MLCCs.
Fastest Segment by Capacitance
21.68 %
Projected CAGR, High-Range Capacitance (More than 1000µF), 2024-2029
These MLCCs offer efficient energy storage and precise signal processing capabilities, making them well-suited for applications requiring compact size and high capacitance.
Largest Segment by Mounting Type
39.76 %
value share, Surface Mount, 2023
The growth of surface-mount MLCCs is attributed to the increasing product innovations by manufacturers. Surface-mount capacitors are often used in the mass production of circuit design.
The government’s increasing investments in military equipment, the rapid expansion of telecommunications sector, and the increasing usage of wearable devices are driving the MLCC demand
- The 0 201 case size sub-segment emerged as the frontrunner, capturing the largest market share of 71.35%, followed by the 0 402 case size with 11.79% and the 0 603 case size with 7.65% in terms of volume in 2022.
- The 0 201 case size is one of the smallest available options, which allows for a higher component density on the circuit boards. In Asia-Pacific countries like Japan, India, South Korea, and China, the capabilities of mobile communication devices are increasing, and the demand for smaller modules and wearable devices, smartphones, PCs, and gaming consoles is increasing. There is an increasing demand for MLCCs of 0 201 case size.
- The demand for 0 402 MLCCs is driven by the power and utilities sector. Factors such as the increased investment and the 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.
Understand The Key Trends Shaping This Market
Asia-Pacific expected to dominate the market owing to the population’s increasing demand for consumer electronics
- Asia-Pacific held the largest market share of 62.01% in terms of value in 2020, owing to the presence of major players such as Murata Manufacturing Co. Ltd, and Yageo Corporation. Countries such as Japan, China, South Korea, and Taiwan possess advanced manufacturing capabilities and expertise, allowing for the efficient and cost-effective production of MLCCs in large volumes. The electronics industry has been the largest user of MLCCs in the past and is expected to hold a significant share in the future. China holds a prominent position in the consumer electronics manufacturing industry. With several companies developing MLCCs, approximately 61% of Chinese mobile phone users were expected to transition to smartphones by 2023, signifying a considerable shift in consumer preferences.
- Europe held a market share of 15.49% in 2020 and continues to generate significant demand for MLCCs in electronics equipment and systems due to the region's powerful industrial base, most of which is related to the automotive industry. Germany is known for its advanced technologies in the automotive industry, and the country plans to increase its charging station infrastructure to 1 million by 2030, supported by a significant investment of EUR 6.3 billion. The number of EVs in Germany is expected to reach 15 million by 2030.
- North America held a market share of 13.90% in 2020 in terms of value. The growing adoption of EVs in the region is expected to fuel the demand for MLCCs. In 2022, the Canadian government announced a sales mandate for zero-emission vehicles, with the aim that at least 20% of new passenger vehicles sold in Canada must be zero-emission vehicles by 2026, which is expected to increase to 60% by 2030 and jump to 100% by 2035.
