Thriving Consumer Electronic Industry accelerates the Global Multi-Layer Ceramic Capacitor Market Growth
Inkwood Research estimates that the Global Multi-Layer Ceramic Capacitor Market is evaluated to register a CAGR of 5.25% in terms of revenue during the forecasting years of 2021-2028.
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Multi-layer ceramic capacitors (MLCCs) are used for
applications where small-value capacitances are required. They are utilized as
op-amp circuits, bypass capacitors, and filters.
Flourishing
Consumer Electronic Industry Propels Market Growth
The electronics industry is the major use of MLCCs. Emerging
technologies like cloud, AI, and IoT, and rapid digitalization are set to
benefit market growth. The 5G launch will propel these technologies, which will
lead to an increasing surge in computing electronics demand. Manufacturers are
integrating more components and circuits with the increasing possibility of
miniaturization. With other capacitors not matching the unique characteristics of
MLCC, the latter is evaluated to be the prominent factor in the emerging new
computing technology.
Moreover, AI-based computing chops are used to process the
vast data, network infrastructure to make the data available at the desired
location. The ‘smart’ aspect of traditional electronics has resulted in a shift
to connected devices. This has created an ecosystem full of electronic devices
utilizing MLCCs.
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General
Capacitor is the Dominating Type
General capacitors are extensively used for their countless
applications, and are available in several sizes and capacitances. Their rectangular
block-shaped of ceramic dielectric contains several interleaved metal
electrodes, leading to a high capacitance per unit volume. They comprise pure
tin, and are also known for possessing lead-free termination.
Fastest-Growing
Region: Europe
With the European Commission publishing a European strategy
for low-emission mobility, the long-term objectives are to minimize oil import
dependency, raise innovation and competitiveness, and harbor opportunities for
jobs and growth. It also highlights the need to overcome transport
electrification and enhance the transport system efficiency by shifting to low
and zero-emission vehicles and augmenting low-emission alternative energy
sources like renewable electricity.
The increasing demand has resulted in manufacturers
prioritizing only a few applications and sectors. There is a wide gap between
the demand and supply of multi-layer ceramic capacitors. Some major companies
in the market are Murata Manufacturing Co Ltd, Samsung Electro-Mechanics Co Ltd,
Kyocera Corporation (AVX Corporation), Kemet Corporation, etc.
About Inkwood Research
Inkwood Research specializes in syndicated & customized
research reports and consulting services. Market intelligence studies with
relevant fact-based research are customized across industry verticals such as
technology, automotive, chemicals, materials, healthcare, and energy, with an
objective comprehension that acknowledges the business environments. Our
geographical analysis comprises North & South America, CEE, CIS, Middle East,
Europe, Asia, and Africa.
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