Asia-Pacific Multi-Layer Ceramic Capacitor Market Size (2024-2030)

The Asia-Pacific Multi-Layer Ceramics Capacitor Market is valued at USD 3.64 billion and is anticipated to grow at a CAGR of 13.7% to be valued at USD 8.94 billion during the forecast period 2024-2030.

A multi-layer ceramic capacitor (MLCC) is a type of electrical part that is frequently used in electronic circuits for noise filtering and energy storage. It is a member of the ceramic capacitor family and is constructed from several ceramic layers positioned amid alternating segments of metal electrodes. A ceramic dielectric material makes up the fundamental component of an MLCC and can be created using a variety of ceramic substances, such as lead zirconate titanate (PZT), barium titanate, or other ceramic formulations. The intended electrical properties of the capacitor are taken into consideration when selecting the ceramic material.  MLCCs are becoming necessary parts of contemporary electronic systems because of their dependability, high capacitance density, and affordability.

Asia-Pacific Multi-Layer Ceramic Capacitor Market Drivers:

The market for multi-layer ceramic capacitors in Asia-Pacific has experienced tremendous expansion due to rising consumer electronics demand.

Consumer electronics have experienced rapid expansion in the Asia-Pacific area due to reasons like increased disposable income, urbanization, and technological advancements. MLCCs are widely used in consumer electronics such as smartphones, laptops, tablets, wearables, and other devices for energy storage, noise filtering, and voltage management. These devices need larger capacitance values and more complex MLCCs as they get more advanced and feature-rich. Additionally, the demand for MLCCs in various connected devices has been boosted by the growing popularity of 5G technology and the Internet of Things (IoT). The MLCC market continues to grow due to the extensive use of consumer electronics throughout the Asia-Pacific region, particularly in nations like China, Japan, South Korea, and India.

The market for multi-layer capacitors in the Asia-Pacific is expanding significantly due to the increasing uptake of electric vehicles (EVs).

The Asia-Pacific region's MLCC market has been significantly influenced by the shift towards electric vehicle use and the rising sales of electric vehicles. Many MLCCs are used in various parts of electric cars, such as powertrains, battery management systems, motor drives, and onboard chargers. In the high-power applications of electric cars, the efficient energy storage and voltage regulation provided by MLCCs are crucial. The market for electric vehicles is anticipated to increase as governments and businesses in the Asia-Pacific region concentrate on lowering greenhouse gas emissions and promoting sustainable transportation. As a result, high-quality, high-capacity MLCCs are required to support the expansion of the region's electric car sector.

Asia-Pacific Multi-Layer Ceramic Capacitor Market Challenges:

Numerous obstacles could hinder the multi-layer ceramic capacitor (MLCC) market in the Asia-Pacific region's expansion and stability. The tight supply-demand dynamics and the recurring MLCC shortages are two major obstacles. Production capacities at MLCC have been severely strained by the region's fast industrialization and rising demand for consumer electronics and automotive applications. As a result, manufacturers might find it difficult to meet demand, which could result in supply shortages and erratic prices. Additionally, trade uncertainty and geopolitical conflicts can influence production capacity by upsetting the supply chain and the sourcing of essential raw materials. Additionally, the competitive environment, which has multiple domestic and foreign competitors striving for market share, intensifies price pressures and could result in margin compression. To overcome these obstacles, producers must adopt a balanced strategy that focuses on increasing capacity, streamlining supply chains, and forming strategic alliances to maintain steady and sustained growth in the Asia-Pacific MLCC market.

Asia-Pacific Multi-Layer Ceramic Capacitor Market Opportunities:

There are numerous prospects for growth and expansion in the multi-layer ceramic capacitor (MLCC) market in the Asia-Pacific region. The rising popularity of electric cars (EVs) and the expansion of the region's charging infrastructure present a significant opportunity. The usage of electric vehicles is increasing as Asia-Pacific nations work to cut emissions and promote sustainable transportation. The powertrains, battery management systems, and onboard chargers all require MLCCs, which are essential parts of EVs. Manufacturers have the opportunity to profit from this expanding market segment attributable to the spike in EV manufacturing and the requirement for high-quality MLCCs to facilitate this transition. Additionally, new opportunities for MLCCs in telecommunications equipment and linked devices are created by the ongoing development of 5G technology and the rise of IoT devices. Additionally, the potential for MLCC applications in power distribution, automation, and LED lighting is provided by the increasing industrialization and infrastructural development in emerging economies. Companies must spend R&D to innovate and offer MLCCs with larger capacitance values, improved performance, and increased reliability to suit the changing demands of diverse industries in the Asia-Pacific region if they are to take advantage of these prospects.

COVID-19 Impact on Asia-Pacific Multi-Layer Ceramic Capacitor Market:

The multi-layer ceramic capacitor (MLCC) market in Asia-Pacific was affected by the COVID-19 epidemic in many ways. While MLCC usage expanded in the telecommunications and electronics industries due to increased demand for remote work and online services, disruptions in supply chains and manufacturing processes had a detrimental influence on availability. To take advantage of opportunities provided by digital technologies and electric mobility as the region begins to recover, producers must overcome supply chain difficulties and match production capabilities with changing market demands.

Recent Developments in Asia-Pacific Multi-Layer Ceramic Capacitor Market:

• May 2023: Murata Manufacturing Co. Ltd announced the release of a new multi-layer ceramic capacitor (MLCC) to meet the increasing demand for parts with increased capacitance levels, miniature form factors, and improved temperature performance.
• April 2023: Samsung Electro-Mechanics launched an MLCC 1210-inch, 220-μF product for automobiles. This applies to autonomous driving (AD) and advanced driver assistance systems (ADAS) in cars.
• January 2022: TDK successfully built an industry-first recycling system, which reuses PET films required in the production process of multi-layer ceramic capacitors. It reduced CO2 emissions by 10%.

ASIA-PACIFIC MULTI-LAYER CAPACITOR MARKET REPORT COVERAGE:

Asia-Pacific Multi-Layer Ceramic Capacitor Market Segmentation:

Asia-Pacific Multi-Layer Ceramic Capacitor Market Segmentation: By Type of Capacitance Value

• High Capacitance
• Low Capacitance

Based on market segmentation by type of capacitance value, high capacitance value occupies the highest market share owing to its widespread use across various industries. Low capacitance value remains the fastest-growing segment and is anticipated to continue during the forecast period.

Asia-Pacific Multi-Layer Ceramic Capacitor Market Segmentation: By Application

• Consumer Electronics
• Automotive Electronics
• Industrial Electronics
• Telecommunications Equipment
• Medical Devices
• Others

Based on market segmentation by application, consumer electronics enjoys the highest market share due to the rising demand for consumer electronics in the region.

Automotive electronics emerged to be the fastest-growing segment due to the increasing demand for EVs in the region after the implementation of sustainable transport policies.

Asia-Pacific Multi-Layer Ceramic Capacitor Market Segmentation: By Dielectrical Material

• Class I
• Cass II

Based on segmentation by Dielectric Material, Class I occupies the highest market share due to its durability and stable base metal electrode and is anticipated to occupy the highest market share during the forecast period. Class II is the fastest-growing segment owing to its increasing demand in the automotive industry.

Asia-Pacific Multi-Layer Ceramic Capacitor Market Segmentation: By Country

• China
• Japan
• India
• South Korea
• Australia
• New Zealand
• Rest of Asia-Pacific

Based on segmentation by country, China occupies the highest market share for multi-layer ceramic capacitors. This is because China has long been the largest automotive market in the world and is now a technology powerhouse.

India is the fastest growing in segmentation by country due to its varied policies including Automotive Mission Plan and increasing automotive exports.

Asia-Pacific Multi-Layer Ceramic Capacitor Market Key Players:

1. Murata Manufacturing Co. Ltd
2. Samsung Electro-Mechanics
3. TDK Corp
4. Yageo Corp
5. Darfon Electronics Corp
6. Maruwa Co. Ltd