Key Takeaways
- The global MLCC market size reached $13.4 billion in 2023, driven by demand in consumer electronics and automotive sectors.
- MLCC market is projected to grow at a CAGR of 6.8% from 2024 to 2030, reaching $22.1 billion by 2030.
- In 2022, the Asia-Pacific region accounted for 72% of the global MLCC market revenue.
- Global MLCC production capacity exceeded 3 trillion units annually by end-2023.
- Murata expanded MLCC production by 30% in 2023 with new plants in Japan and Vietnam.
- China accounted for 55% of global MLCC production volume in 2023.
- Murata Manufacturing holds approximately 40% global MLCC market share in 2023.
- Samsung Electro-Mechanics captured 15% of MLCC market revenue in 2023.
- TDK Corporation's MLCC sales reached $2.1 billion, 16% market share in 2023.
- Smartphones consume 35% of total MLCC demand, with average 1200 units per device in 2023.
- Automotive sector used 25% of MLCCs, averaging 5000-10000 per EV in 2023.
- PCs and servers required 15% of MLCC volume, up 10% due to AI data centers.
- Development of 0201 size MLCCs enabled 20% higher density in smartphones.
- Base metal electrode (BME) MLCCs now comprise 70% of production due to nickel use.
- Capacitance density improved 50% in last 5 years to 47uF in 0402 size.
The global MLCC industry is growing rapidly, led by consumer electronics and automotive demand.
End-User Applications
- Smartphones consume 35% of total MLCC demand, with average 1200 units per device in 2023.
- Automotive sector used 25% of MLCCs, averaging 5000-10000 per EV in 2023.
- PCs and servers required 15% of MLCC volume, up 10% due to AI data centers.
- Consumer appliances like TVs used 10% of MLCCs, with 800 units per smart TV.
- 5G base stations demand high-frequency MLCCs, consuming 5% of market.
- IoT devices incorporate average 300 MLCCs per unit, driving 8% demand.
- Wearables like smartwatches use 200-400 MLCCs each, 3% total share.
- Industrial automation robots require 2000+ MLCCs per unit.
- Medical devices such as MRI machines use specialized MLCCs, 2% market.
- Base stations for telecom grew MLCC use by 50% with 5G rollout.
- Tablets used average 900 MLCCs per unit, 5% demand share.
- EVs require 10,000-15,000 MLCCs per vehicle for powertrains.
- Gaming consoles like PS5 incorporate 1500 MLCCs each.
- Solar inverters demand high-voltage MLCCs, 4% market share.
- Drones average 500 MLCCs per unit for flight control.
- Smart home devices like thermostats use 250 MLCCs avg.
- Wind turbine converters require 5000+ MLCCs per MW.
- Hearing aids pack 100 tiny MLCCs in compact design.
- AR/VR headsets demand 2000 MLCCs for high-res displays.
- Smartphones 5G models up MLCC count to 1400/unit.
- Data centers for cloud used 12% MLCC volume in 2023.
- Washing machines average 600 MLCCs for inverter motors.
- Railway signaling systems require 3000 MLCCs per loco.
- Fitness trackers pack 150 MLCCs in slim profiles.
- Air conditioners use 1000 MLCCs for smart controls.
- Satellites demand rad-hard MLCCs, 1% premium market.
- E-cigarettes/vapes incorporate 80 MLCCs per device.
End-User Applications Interpretation
Market Share and Key Players
- Murata Manufacturing holds approximately 40% global MLCC market share in 2023.
- Samsung Electro-Mechanics captured 15% of MLCC market revenue in 2023.
- TDK Corporation's MLCC sales reached $2.1 billion, 16% market share in 2023.
- Yageo Group (KEMET included) held 12% share in high-voltage MLCC segment.
- Kyocera AVX combined MLCC share at 8% globally in 2023.
- Chinese firms like Fenghua and Chaozhou Three-Circle had 10% combined share.
- Taiyo Yuden's share in smartphone MLCC niche reached 20% in 2023.
- Nippon Chemi-Con expanded share to 5% in large-case MLCC for EVs.
- Vishay Intertechnology held 4% in industrial MLCC applications in 2023.
- Top 10 MLCC suppliers controlled 85% of global market in 2023.
- KEMET's polymer MLCC hybrid gained 3% share in power apps.
- Darfon Electronics entered top 15 with 2% share in mid-voltage.
- Top 5 players (Murata, SamSung, TDK, Yageo, Kyocera) had 75% share.
- Fenghua Advanced Tech share rose to 4% in low-end MLCC.
- Taiwan's MLCC revenue hit NT$500 billion for top firms in 2023.
- Holy Stone Enterprise gained 1.5% in automotive MLCC.
- EMCOM increased share to 2% in high-capacitance MLCCs.
- Bourns Inc. held niche 1% in precision MLCC for sensors.
- LCR Components captured 0.8% in Europe distribution MLCC sales.
- KOA Speer Electronics niche share 1.2% in current sensing MLCC.
- China Zhuguang Electronics 1% share in mid-size MLCC.
- Global MLCC patent filings by Murata: 150 in 2023.
- Vishay's ENYCAP hybrid MLCC gained traction, 0.5% share.
- Samsung SDI divested MLCC to focus batteries, lost 2% share.
- Top supplier ASP premium: Murata 15% above average.
- Yageo acquired Kemet boosting share to 14% combined.
- Johanson Tech specialized RF MLCC 0.3% global niche.
Market Share and Key Players Interpretation
Market Size and Growth
- The global MLCC market size reached $13.4 billion in 2023, driven by demand in consumer electronics and automotive sectors.
- MLCC market is projected to grow at a CAGR of 6.8% from 2024 to 2030, reaching $22.1 billion by 2030.
- In 2022, the Asia-Pacific region accounted for 72% of the global MLCC market revenue.
- Automotive MLCC segment is expected to grow fastest at CAGR 8.2% through 2028 due to EV adoption.
- Global MLCC shipments reached 2.5 trillion units in 2023, up 15% YoY.
- The high-end MLCC market (1uF+ in 0402 size or smaller) was valued at $2.8 billion in 2023.
- MLCC average selling price (ASP) dropped 10% in 2023 to around $0.005 per unit.
- Consumer electronics held 45% share of MLCC demand in 2023.
- MLCC market recovery post-shortage led to 20% revenue growth for top suppliers in 2023.
- Projected MLCC market for 5G infrastructure to reach $1.2 billion by 2027.
- The global MLCC market revenue hit $14.2 billion in Q4 2023 alone.
- MLCC demand for AI servers projected to double by 2025.
- Europe MLCC market grew 12% in 2023 due to industrial recovery.
- Wireless charging modules boosted MLCC use by 18% in mobiles.
- Mid-range MLCC ASP stabilized at $0.0042 in 2023.
- Global MLCC market for 2024 forecast at $15.8 billion growth.
- High-margin MLCC segment (>10uF) grew 25% in 2023.
- North America MLCC imports up 18% to $2.1B in 2023.
- Capacitor MLCC subcategory expected CAGR 7.1% to 2030.
- 0402 size MLCCs dominated with 40% volume share in 2023.
- MLCC oversupply led to inventory 120 days in Q4 2023.
Market Size and Growth Interpretation
Production Capacity and Supply
- Global MLCC production capacity exceeded 3 trillion units annually by end-2023.
- Murata expanded MLCC production by 30% in 2023 with new plants in Japan and Vietnam.
- China accounted for 55% of global MLCC production volume in 2023.
- Samsung Electro-Mechanics added 20 billion units/year MLCC capacity in 2023.
- TDK Corporation invested $500 million in MLCC fabs in 2022-2023.
- Global MLCC raw material barium titanate supply increased 25% in 2023 to meet demand.
- Yageo announced 15% capacity hike for automotive MLCC in Malaysia plant.
- Kyocera's MLCC production reached 500 billion units in FY2023.
- Taiwan MLCC makers like Yageo and Walsin held 25% global capacity share in 2023.
- New MLCC sintering furnaces installed globally added 10% to capacity in 2023.
- Total MLCC layers in production averaged 500-800 per chip in 2023.
- Vietnam emerged as hub with 15% capacity addition for MLCC in 2023.
- Japan MLCC exports rose 22% to $5.6 billion in FY2023.
- Walsin Technology ramped MLCC output to 300 billion units/year.
- Rare earth supply chains stabilized, cutting MLCC lead times to 8 weeks.
- India plans 10% capacity growth via local MLCC manufacturing incentives.
- Global MLCC yield rates improved to 95% with AI process control.
- Sunlord Electronics doubled capacity to 100 billion units in China.
- Japan firms repatriated 5% MLCC production from China.
- New fabs in Malaysia added 500B units MLCC capacity.
- Ceramic powder production hit 1.2M tons globally for MLCC.
- TAIYO YUDEN's Philippine plant at full 200B units capacity.
- Supply chain diversification reduced China dependency to 50%.
- Recycling of MLCC scrap recovered 15% rare materials.
- Automation in stacking lines boosted throughput 35%.
- Three-Circle added 100B units capacity in Guangdong.
Production Capacity and Supply Interpretation
Technology and Materials
- Development of 0201 size MLCCs enabled 20% higher density in smartphones.
- Base metal electrode (BME) MLCCs now comprise 70% of production due to nickel use.
- Capacitance density improved 50% in last 5 years to 47uF in 0402 size.
- Automotive-grade MLCCs with AEC-Q200 certification reached 90% market penetration.
- Copper inner electrode MLCCs reduced ESR by 30% for high-frequency apps.
- Nano-grain ceramic materials increased voltage ratings to 1kV in small sizes.
- Soft-termination MLCCs mitigated cracking in 80% of automotive solder joints.
- High-temperature MLCCs for EVs withstand 200°C, up from 150°C.
- Thin-film MLCC tech for RF applications reduced losses by 40%.
- 008004 size MLCCs (0.25x0.125mm) commercialized for wearables.
- Sn/Pb-free plating on MLCC terminals achieved 99.9% reliability.
- Magnetic permeable MLCCs for noise suppression improved 25%.
- Flexi-crack resistant MLCCs adopted in 60% automotive boards.
- 100nF/4V in 01005 size MLCCs mass-produced for mobiles.
- Low ESL MLCC arrays for DDR5 memory reduced inductance 40%.
- Glass ceramic MLCCs for high-temp apps up to 250°C developed.
- AI-optimized dielectric formulations boosted capacitance 30%.
- Safety-certified X7R MLCCs for EV chargers passed 10k cycles.
- Reverse conducting MLCCs for SiC power modules debuted.
- Dielectric thickness reduced to 0.3um for ultra-high CV.
- Anti-sulfur MLCCs for harsh environments gained 10% adoption.
- Multi-terminal MLCCs lowered inductance 50% for GPUs.
- Eco-friendly lead-free dielectrics certified RoHS 100%.
- 3D printed MLCC prototypes cut dev time 40%.
Technology and Materials Interpretation
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