The Multilayer Ceramic Capacitor (MLCC) market 2020 is supposed to witness accelerated revenue creation. MLCC is an important component used in the manufacturing of electronics such as automobiles, mobile devices, and household appliances. A report circulated by Market Research Future (MRFR) offers an observation after assessment of the past data and ongoing trends. The global Multilayer Ceramic Capacitor (MLCC) market is supposed to strike 6.38% CAGR over the forecast period. The Multilayer Ceramic Capacitor (MLCC) market size is presumed to grow from USD 5,624.2 Mn in 2018 to USD 8,067.2 Mn by end of 2023.
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Increasing demand for electronics such as smartphones and laptops is prognosticated to drive the Multilayer Ceramic Capacitor (MLCC) market growth in the foreseeable future. Rising adoption of Internet of Things (IoT) is expected to impact the growth curve profitably. The adoption and commercialization of 5G services are further prognosticated to augment the Multilayer Ceramic Capacitor (MLCC) market over the review period.
On the basis of type, the MLCC Market COVID-19 Impact Analysis has been segmented into Class I and Class II. The sub-segments of the Class I segment are U2J, C0G/ NP0, and others. The Class II segment has been further sub-segmented into X5R, X7R, Z5U, Y5V, and others. The C0G/NP0 sub-segment, under class I segment, is expected to dominate the market in the foreseeable future. Under class II segment, the X7R sub-segment is projected to dictate the growth pattern.
On the basis of application, the Multilayer Ceramic Capacitor (MLCC) market has been segmented into healthcare, consumer electronics, manufacturing, automotive, and others. Among these, the consumer electronics segment dominated this market in 2018. The rising use of multilayer ceramic capacitors in consumer electronics is projected to guide the growth trajectory of the segment. On the other side, the healthcare segment is assessed to exhibit a significant growth rate.
The geographical evaluation of the global Multilayer Ceramic Capacitor (MLCC) market is offered in this report. The regional segmentation covers the following segments – North America, Asia-Pacific, Europe, and the Rest of the World (RoW) (including the Middle East, South America, and Africa). The country-based analysis of these segments is further included in this report. Asia-Pacific is expected to lead this market. China, South Korea, Japan, and Taiwan are the main country-level markets present in these regions. Rising production of and supply for consumer electronics is prognosticated to drive the growth of the MLCC market in the coming years. China is the largest manufacturer of consumer electronics, which is why the regional market is projected to grow substantially. North America, as well as Europe, are prognosticated to exhibit a substantial CAGR.
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Murata Manufacturing Co., Ltd. (Japan), TDK Corporation (Japan), Samsung Electro-Mechanics (South Korea), AVX Corporation (US), Würth Elektronik GmbH & Co. KG (Germany), API Technologies Corp. (US), Taiyo Yuden Co. Ltd. (Japan), Walsin Technology Corporation (Taiwan), YAGEO Corporation (Taiwan), KEMET (US), NIC Components Corp. (US), Vishay Intertechnology (US), SAMWHA ELECTRIC (South Korea), Darfon Electronics Corp. (Taiwan), and MARUWA CO., LTD. (Japan) are some of the key holders of the Multilayer Ceramic Capacitor market share. Other players assessed to play an important role in market growth are Fenghua Advanced Technology (China), Chaozhou Three-Circle (China), Kyocera (Japan), and Eyang Technology Development Co., Ltd (China).
These players are investing in the latest technologies to gain edge and sustain the curve. Some of the growth strategies to be implemented by market players are as follows – mergers & acquisitions, agreements, collaborations, strategic alliances, and partnerships, etc. The international and national players are expanding their footholds. It is assumed to intensify competition in the market.
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