The North America Multi-Layer Ceramic Capacitor Market is expected to witness market growth of 4.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America Multi-layer Ceramic Capacitor Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $3.26 billion by 2031. The Canada market is exhibiting a CAGR of 6.8% during 2024-2031. Additionally, the Mexico market is expected to experience a CAGR of 5.9% during 2024-2031.
In consumer electronics, MLCCs are ubiquitous, found in smartphones, laptops, tablets, wearable devices, and smart TVs. A single smartphone, for instance, may contain hundreds to over a thousand MLCCs, performing tasks such as decoupling, filtering, and energy storage to ensure smooth operation. The compact size and high capacitance of MLCCs make them ideal for these devices, where space is at a premium and performance expectations are sky-high.
Additionally, MLCCs have become increasingly vital in the automotive industry, particularly with the growth of electric vehicles (EVs) and advanced driver-assistance systems (ADAS). As per the International Energy Agency, the Electric car industry is seeing robust growth as sales neared 14 million in 2023. The proportion of EVs in total sales increased from approximately 4% in 2020 to 18% in 2023. It is anticipated that EV sales will remain robust until 2024. In the first quarter, the number of electric cars sold exceeded three million, representing a 25% increase from the same period in the previous year.
In addition, Mexico is a leading hub for electronics and automotive manufacturing, with major global companies establishing production facilities in the country. The presence of automakers, consumer electronics brands, and industrial equipment manufacturers is creating substantial demand for MLCCs. In particular, the rise of electric vehicles (EVs), 5G infrastructure, and IoT-enabled devices in Mexico is boosting the need for miniaturized, high-durability capacitors. Furthermore, Mexico’s position as a key exporter of electronic components to North America makes it a crucial player in the MLCC supply chain, ensuring steady growth in demand for these essential components.
The US market dominated the North America Multi-layer Ceramic Capacitor Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $3.26 billion by 2031. The Canada market is exhibiting a CAGR of 6.8% during 2024-2031. Additionally, the Mexico market is expected to experience a CAGR of 5.9% during 2024-2031.
In consumer electronics, MLCCs are ubiquitous, found in smartphones, laptops, tablets, wearable devices, and smart TVs. A single smartphone, for instance, may contain hundreds to over a thousand MLCCs, performing tasks such as decoupling, filtering, and energy storage to ensure smooth operation. The compact size and high capacitance of MLCCs make them ideal for these devices, where space is at a premium and performance expectations are sky-high.
Additionally, MLCCs have become increasingly vital in the automotive industry, particularly with the growth of electric vehicles (EVs) and advanced driver-assistance systems (ADAS). As per the International Energy Agency, the Electric car industry is seeing robust growth as sales neared 14 million in 2023. The proportion of EVs in total sales increased from approximately 4% in 2020 to 18% in 2023. It is anticipated that EV sales will remain robust until 2024. In the first quarter, the number of electric cars sold exceeded three million, representing a 25% increase from the same period in the previous year.
In addition, Mexico is a leading hub for electronics and automotive manufacturing, with major global companies establishing production facilities in the country. The presence of automakers, consumer electronics brands, and industrial equipment manufacturers is creating substantial demand for MLCCs. In particular, the rise of electric vehicles (EVs), 5G infrastructure, and IoT-enabled devices in Mexico is boosting the need for miniaturized, high-durability capacitors. Furthermore, Mexico’s position as a key exporter of electronic components to North America makes it a crucial player in the MLCC supply chain, ensuring steady growth in demand for these essential components.
List of Key Companies Profiled
- Murata Manufacturing Co., Ltd.
- TAIYO YUDEN CO., LTD.
- Kyocera Corporation
- Yageo Corporation
- TDK Corporation
- Walsin Technology Corporation
- Panasonic Holdings Corporation
- Kemet Corporation
- Vishay Intertechnology, Inc.
- Darfon Electronics Corporation
- Samsung Electro-Mechanics Co., Ltd. (Samsung Group)
Market Report Segmentation
By Rated Voltage Range
- Low Range (Up to 50 V)
- Mid-range (100 V - 630 V)
- High Range (1,000 V & above)
By Case Size
- 603-1,206 Inches
- Less than 603 Inches
- More than 1,206 Inches
By Type
- General Capacitor
- Array
- Serial Construction
- Mega Cap
- Other Type
By Dielectric Type
- X7R
- X5R
- C0G
- Y5V
- Other Dielectric Type
By End-use
- Electronics
- Automotive
- Industrial
- Telecommunication
- Data Transmission
- Other End-use
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Multi-layer Ceramic Capacitor Market by Rated Voltage Range
Chapter 6. North America Multi-layer Ceramic Capacitor Market by Case Size
Chapter 7. North America Multi-layer Ceramic Capacitor Market by Type
Chapter 8. North America Multi-layer Ceramic Capacitor Market by Dielectric Type
Chapter 9. North America Multi-layer Ceramic Capacitor Market by End-use
Chapter 10. North America Multi-layer Ceramic Capacitor Market by Country
Chapter 11. Company Profiles
Companies Mentioned
- Murata Manufacturing Co., Ltd.
- TAIYO YUDEN CO., LTD.
- Kyocera Corporation
- Yageo Corporation
- TDK Corporation
- Walsin Technology Corporation
- Panasonic Holdings Corporation
- Kemet Corporation
- Vishay Intertechnology, Inc.
- Darfon Electronics Corporation
- Samsung Electro-Mechanics Co., Ltd. (Samsung Group)
Methodology
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