Multilayer Ceramic Capacitors Market USD 10870 Million by 2028 with a CAGR of 2.6%
BangaloreIndia , August 16, 2022 /PRNewswire/ — The Multilayer Ceramic Capacitors Market is segmented by Type – Class 1, Class 2, by Application – Consumer Electronics, Automotive, Manufacturing, Healthcare, Other (Defense & Aviation). Global Opportunity Analysis and Industry Forecast 2022 – 2028. It is published in Appreciate the reports under the Electronic components Category.
The global Multilayer Ceramic Capacitor market size is estimated to be worth $9,314.5 million in 2022 and should have a readjusted size of $10870 million by 2028 at a CAGR of 2.6% over the forecast period.
Major factors driving the Multilayer Ceramic Capacitor market growth are
The growing demand from the automotive industry and the integration of MLCCs in smartphones, wearables, and other consumer electronics devices will drive the market growth.
The development of 5G technology and booming telecom industry will fuel the market demand during the forecast period.
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TRENDS INFLUENCING THE GROWTH OF THE GLOBAL MULTILAYER CERAMIC CAPACITOR MARKET
Many consumer electronics devices such as portable devices, cell phones, smart TVs, printers, computers and laptops use MLCCs. The increasing penetration of these devices in daily life and the changing lifestyles of individuals are fueling the consumer electronics industry, in turn driving the growth of the multilayer ceramic capacitor market. MLCCs offer low impedance and resistance values at high operating frequencies. They are ideal for use in noise compression in high specification gadgets, tablets and video cameras.
A large number of passive components like capacitors and inductors are used in car electronic circuits to stabilize the operation of semiconductor chips and adjust data signals and power waveforms. MLCCs are capable of achieving high capacity and miniaturization in harsh environments. They can be installed easily in tight and unforgiving spaces. This will enhance the growth of the multilayer ceramic capacitors market in the coming years. About 3,000 to 5,000 MLCCs are used in vehicles. This will further develop in the future.
The 5G network uses high frequency bands to process huge volumes of data. Compared to 4G, they require a lot of base stations that transmit more antennas, power-consuming parts, and heat-generating. MLCCs are mounted on 5G base stations to stabilize power supply and minimize mounting area. This will drive the demand for the multilayer ceramic capacitors market. The products are reliable and work in harsh weather conditions such as temperature and humidity. The need for capacitors in networking equipment, industrial automation, manufacturing, high-end computing solutions, and energy storage systems is enormous.
Passive tools play a key role in diagnostic imaging, pharmaceutical delivery, patient monitoring, and dispensing solutions. MLCCs are deployed in implantable medical devices like insulin pumps, pacemakers, wearables, electrocardiograms, and ultrasound echo machines. They offer high reliability and have predictable temperature coefficients. This will drive the growth of the global multilayer ceramic capacitors market. Capacitors are compact in size and have stable capacitance with respect to applied voltage.
MLCCs have a low equivalent series resistance because a high ESR will generate a huge amount of heat, thereby degrading the impedance ratio. This allows noise to be absorbed on a semiconductor chip. This will strengthen the growth prospects of the multilayer ceramic capacitors market. There is no potential risk of failure as it has abnormal voltage resistance. Dielectric strength breakdown is minimized during overvoltages.
MULTILAYER CERAMIC CAPACITOR MARKET SHARE ANALYSIS
Based on applications, consumer electronics segment will dominate the multilayer ceramic capacitors market share owing to its wide adoption in telecommunications, PCs, mobile phones, video cameras, DVDs and electronic circuits, etc. The automobile is the second in importance.
Based on application, Class I MLCCs will be the most lucrative due to their efficient use in power supply systems, cellular base stations, laptops, servers, UPS, motherboards , adapters, other goods, etc.
Based on the region, Asia Pacific will grow the most due to the high adoption of electric vehicles and the growing number of IoT connections.
Market by region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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- Brunp Recycling
- SungEel HiTech
- Taisen Recycling
- Recovery technologies
- 4R Energy Corp.
- OnTo technology
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The Global Ceramic Capacitors Market the size is estimated at the value $14660 million in 2022 and is expected to reach a readjusted size of $23,790 million by 2028 with a CAGR of 8.4% during the reporting period.
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