The Global Multi-Layer Ceramic Capacitor Market size is expected to reach $15.97 billion by 2031, rising at a market growth of 5.3% CAGR during the forecast period.
The increasing adoption of MLCCs in smartphones, laptops, and home appliances further contributed to the segment’s growth. This is driven by its extensive use in consumer electronics, automotive systems, and industrial applications. These capacitors offer high reliability, stability, and cost-effectiveness, making them a preferred choice for power management, signal processing, and noise suppression in various electronic devices. Thus, the general capacitor segment acquired 30% revenue share in the market in 2023.
The increasing adoption of consumer electronics such as smartphones, tablets, laptops, gaming consoles, and smart home devices is a major factor driving the market. These electronic devices rely on MLCCs for power management, filtering, decoupling, and noise suppression. As manufacturers push for more compact and high-performance devices, the demand for high-capacitance and miniaturized MLCCs continues to grow. In conclusion, rising demand for consumer electronics is driving the market's growth.
Additionally, the global shift toward Industry 4.0 and the adoption of smart manufacturing technologies significantly drive the market. Industrial automation relies on robotics, programmable logic controllers (PLCs), and IoT-enabled machinery, all requiring MLCCs for power stabilization and signal processing. As industries increasingly integrate AI-driven automation and predictive maintenance, the demand for robust electronic components, including MLCCs, continues to grow. In conclusion, the expansion of industrial automation and smart manufacturing is driving the market's growth.
However, the market is highly sensitive to fluctuations in raw material prices, as these capacitors are manufactured using precious metals such as palladium, nickel, silver, and ceramic materials. Geopolitical tensions, mining regulations, trade policies, and global supply chain disruptions influence the prices of these raw materials. When material costs rise, MLCC manufacturers face increased production expenses, which impact profit margins and pricing strategies. Therefore, volatility in raw material prices is hindering the market's growth. Therefore, volatility in raw material prices is hindering the market's growth.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
The increasing adoption of MLCCs in smartphones, laptops, and home appliances further contributed to the segment’s growth. This is driven by its extensive use in consumer electronics, automotive systems, and industrial applications. These capacitors offer high reliability, stability, and cost-effectiveness, making them a preferred choice for power management, signal processing, and noise suppression in various electronic devices. Thus, the general capacitor segment acquired 30% revenue share in the market in 2023.
The increasing adoption of consumer electronics such as smartphones, tablets, laptops, gaming consoles, and smart home devices is a major factor driving the market. These electronic devices rely on MLCCs for power management, filtering, decoupling, and noise suppression. As manufacturers push for more compact and high-performance devices, the demand for high-capacitance and miniaturized MLCCs continues to grow. In conclusion, rising demand for consumer electronics is driving the market's growth.
Additionally, the global shift toward Industry 4.0 and the adoption of smart manufacturing technologies significantly drive the market. Industrial automation relies on robotics, programmable logic controllers (PLCs), and IoT-enabled machinery, all requiring MLCCs for power stabilization and signal processing. As industries increasingly integrate AI-driven automation and predictive maintenance, the demand for robust electronic components, including MLCCs, continues to grow. In conclusion, the expansion of industrial automation and smart manufacturing is driving the market's growth.
However, the market is highly sensitive to fluctuations in raw material prices, as these capacitors are manufactured using precious metals such as palladium, nickel, silver, and ceramic materials. Geopolitical tensions, mining regulations, trade policies, and global supply chain disruptions influence the prices of these raw materials. When material costs rise, MLCC manufacturers face increased production expenses, which impact profit margins and pricing strategies. Therefore, volatility in raw material prices is hindering the market's growth. Therefore, volatility in raw material prices is hindering the market's growth.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions, and Partnerships & Collaborations.
Driving and Restraining Factors
Drivers
- Rising Demand for Consumer Electronics
- Increasing Deployment of 5G Technology and Telecommunications Infrastructure
- Expansion of Industrial Automation and Smart Manufacturing
Restraints
- Volatility in Raw Material Prices
- Increasing Complexity in MLCC Design Due to Demand for Miniaturization and High Capacitance
Opportunities
- Increasing Investments in Renewable Energy Systems Driving the Need for MLCCs in Power Electronics
- Surging Demand for Data Centers and Cloud Computing Boosting High-Performance MLCCs
Challenges
- Increasing Counterfeit MLCC Products in the Market Raising Reliability and Performance Concerns
- Growing Competition from Alternative Capacitor Technologies
Vertical Range Outlook
Based on rated voltage range, the market is characterized into low range (Up to 50 V), mid-range (100 V - 630 V), and high range (1000 V & above). The low range (Up to 50 V) segment garnered the highest revenue share in the market in 2023. This is primarily due to its extensive use in consumer electronics, including smartphones, laptops, and wearable devices.Case Size Outlook
By case size, the market is categorized into 0603-1206 inches, less than 0603 inches, and more than 1206 inches. The less than 0603 inches segment held 30% revenue share in the market in 2023. This is primarily due to the increasing miniaturization trend in electronic devices. These ultra-compact capacitors are widely used in advanced wearables, IoT devices, and high-density printed circuit boards (PCBs), where space constraints are a critical factor.Type Outlook
On the basis of type, the market is segmented into general capacitor, array, serial construction, mega cap, and others. The serial construction segment held 20% revenue share in the market in 2023. This is supported by its growing application in high-voltage and high-reliability circuits. These capacitors are commonly used in industrial automation, power electronics, and electric vehicle systems, where enhanced voltage endurance and thermal stability are essential.Dielectric Type Outlook
By dielectric type, the market is segmented into X7R, X5R, C0G, Y5V, and others. The X5R segment procured 24% revenue share in the market in 2023. This is primarily due to its extensive use in consumer electronics and mobile devices. These capacitors provide high capacitance values in compact sizes, making them suitable for power management and decoupling applications in smartphones, tablets, and wearable devices.End Use Outlook
On the basis of end-use, the market is classified into industrial, electronics, automotive, telecommunication, data transmission, and others. The electronics segment acquired 31% revenue share in the market in 2023. The growing demand for smartphones, tablets, laptops, gaming consoles, and other portable electronic devices has significantly driven the need for MLCCs, which are essential for circuit stability and miniaturization.Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment recorded 30% revenue share in the market in 2023. The strong presence of key industries such as consumer electronics, automotive, aerospace, and telecommunications has driven the demand for MLCCs in the region.Recent Strategies Deployed in the Market
- Feb-2025: Vishay Intertechnology, Inc. unveiled a new high-voltage MLCC series that offers seven sizes (1206-2225) for filtering and energy storage in power, industrial, telecom, and medical applications. Available in C0G (NP0) and X7R dielectrics, they support up to 3000 VDC, ensuring stability, durability, and RoHS compliance with advanced BME technology and flexible termination options.
- Feb-2025: Samsung Electro-Mechanics Co., Ltd. unveiled the world’s first 10V, 2.2uF ultra-small MLCC (1005 size) for LiDAR in autonomous vehicles. AEC-Q200 qualified, it offers 60% higher voltage than the 6.3V standard, ensuring stable power and signal transmission. Advanced materials enable high voltage and capacitance, optimizing ADAS, body, chassis, and infotainment applications.
- Jan-2025: TDK Corporation unveiled its CGA and C series MLCCs to 10 nF at 1,250 V in 3225 sizes with C0G characteristics. Ideal for SiC MOSFET circuits, these capacitors enhance high-voltage resistance, reduce heat, and enable space-saving designs.
- Sep-2024: Murata Manufacturing Co., Ltd. unveiled the world’s first 006003-inch MLCC (0.16mm × 0.08mm), 75% smaller than its predecessor. Designed for high-density mounting in compact electronics, it advances miniaturization. Murata, a pioneer in ceramic capacitors, continues innovating to enhance future electronic devices, reinforcing its leadership in the industry.
- Mar-2024: Samsung Electro-Mechanics Co., Ltd. unveiled the CL10C103JC81PN#, a compact MLCC (0603 inch, C0G, 100V, 10nF) for xEVs. It is 50% smaller than 0805 models while maintaining reliability. With rising MLCC demand in vehicles, Samsung advances miniaturization and high-capacitance technology using proprietary material atomization and precise lamination techniques.
- Apr-2023: Kyocera Corporation unveiled a 0201-size MLCC with the industry's highest*1 10µF capacitance. Ideal for smartphones and wearables, it enables miniaturization and reduces component usage. The new KGM03 series offers twice the capacitance of previous models, enhancing wireless communication and IoT advancements.
- Sep-2021: Yageo Corporation unveiled its automotive-grade MLCC AC Series to 1000V, enhancing EV efficiency. Covering NPO (up to 220pF) and X7R (up to 1nF) in 1206 size, these AEC-Q200-compliant capacitors improve power output, reduce charging time, and ensure high reliability through strict quality control and advanced manufacturing processes.
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 Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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. Global Multi-layer Ceramic Capacitor Market by Rated Voltage Range
Chapter 6. Global Multi-layer Ceramic Capacitor Market by Case Size
Chapter 7. Global Multi-layer Ceramic Capacitor Market by Type
Chapter 8. Global Multi-layer Ceramic Capacitor Market by Dielectric Type
Chapter 9. Global Multi-layer Ceramic Capacitor Market by End-use
Chapter 10. Global Multi-layer Ceramic Capacitor Market by Region
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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