Multilayer Ceramic Capacitor Market

Multilayer Ceramic Capacitor Market by Dielectric (Class I (C0G, X8G, U2J), and Class II (X7R, X5R, Y5V, X7S)), Rated Voltage (Low (Up to 50V), Medium (100-630V), and High (1000V & Above)), End User (Electronics, Automotive) (2022-2027)

Report Code: SE 1844 Apr, 2022, by marketsandmarkets.com

MLCC Market

MLCC Market and Top Companies


  • Murata operates through two business segments: Components and Modules. Through the Components segment, Murata provides capacitors, piezoelectric components, and a few other components. Murata offers various types of capacitors in the market including multilayer ceramic capacitors (MLCC), polymer aluminum electrolytic capacitors, trimmer capacitors, supercapacitors, and single-layer microchip capacitors, silicon capacitors, and variable capacitors. Murata strengthens its core competencies that enable sustainable growth. The company has identified issues in the MLCC market and continues to provide solutions to these issues with significantly improved products in the market that offer better reliability, compact form factor, and higher capacitance. Murata's products will continue to be in high demand with the computerization of more electronic products; increasing functionality and speed of communication equipment; and the growing electrification of vehicles, the advent of ADAS (advanced driver assistance systems), and self-driving vehicles.
  • Samsung Electro-Mechanics operates through three reportable segments: Component, Optics & Communication, and Package Substrate. Through the Component segment, the company offers multilayer ceramic capacitors (MLCCs), inductors, chip resistors, and tantalum capacitors in the electrical appliances and electronics manufacturing markets. Samsung Electro-Mechanics offers various types of MLCCs such as a general-purpose, array, embedded/LSC, high-bending strength, high-bending strength (automotive), ESD protection, fail-safe (soft termination 5 mm), low acoustic noise, and Low ESL MLCCs. Samsung Electro-Mechanics develops MLCCs for electronics that require higher reliability.
  • TAIYO YUDEN designs, manufactures, and sells electronic components for use in a variety of electronic devices such as smartphones and other communication devices, automobiles, information infrastructure, and industrial equipment. The company has advanced technological capabilities and continues to manufacture the world's smallest MLCC (0.25 ×0.125 mm) and supply its products globally. TAIYO YUDEN's sales composition, by market sector, is dominated by the IT infrastructure/industrial equipment sector, which accounts for 24% of the total sales. Similarly, the automotive sector accounts for 19%, the information equipment sector accounts for 32%, and the consumer product sector accounts for 10% of TAIYO YUDEN's sales.
  • YAGEO is one of the world's largest suppliers of MLCCs, serving a wide range of applications in key market segments. The company is committed to providing a comprehensive MLCC product portfolio for a wide range of applications such as consumer electronics, industrial and heavy-duty machinery, and automotive electronics systems. General-purpose, ultra-small size, high-voltage, soft termination, high Q (Quality Factor) for high-frequency communication, high reliability for automotive use, low inductance, and other MLCCs are available from YAGEO. Quality Factor (Q) is a measurement of the efficiency of a capacitor at a given frequency. The higher the Q factor of a capacitor, the closer it behaves as an ideal, lossless capacitor.
  • Walsin Technology is world's leading manufacturers of passive components, offering a one-stop-shop product portfolio and a global delivery platform. The company’s primary business includes the design, manufacture, and sale of multilayer ceramic chip (MLCC) capacitors/array, chip-resistors/array & networks, inductors, RF filters, disc capacitors, varistors, chip fuses, and antennas. Walsin Technology offers its passive components for various electronic devices including smartphones, networking devices, data centers, PCs, LED light bulbs, white goods, industrial equipment, and automotive parts.

MLCC Market and Top End-user Industries

  • Electronics- Multilayer ceramic capacitors store electricity and reliably supply it to active components such as semiconductors (AP and IC), allowing chips to run without interruption. MLCC maintains a constant supply of current to prevent damage to parts like semiconductors; absorb noise in signals, extract signals with specific frequencies; and often block direct current while passing only alternating current. As a result, MLCCs are found in almost all electronic items, including smartphones, home appliances, smart wearable devices and other IoT devices, laptops, tablets, digital cameras, gaming consoles, and other electronic devices. High-end electronic device manufacturers have increased the use of MLCCs in their products; as a result, the demand for MLCCs in the electronics end-user industry is expected to grow further. This growing demand can also be attributed to the rapid increment in the adoption of high-tech and smart electronic devices.
  • Automotive- The automotive end-user industry is the most important segment of the market under study. The increasing deployment of electronic devices in automobiles, such as engines, powertrains, and infotainment systems, is accelerating the demand for multilayer ceramic capacitors. In automotive applications, MLCCs are employed in extreme environments, such as high temperature, high humidity, and high power. Even though the materials and processes used in consumer MLCCs are generally the same, stricter regulations have been set in the areas of product material selection, design standards, product performance, and process management of MLCCs used in automotive applications to achieve higher reliability and longer product life. Automotive-grade MLCCs require to be certified with the AEC-Q200 global standard and have unique attributes such as size or shape flexibility, high reliability, low cost, and capacity to tolerate high voltages.
  • Telecommunications- MLCCs are used for several applications in telecommunications. They are required in a number of applications, including 5G & 4G base stations, small cells, IP telephony, LAN and WAN networking, cable modems, Ethernet devices, triple play, distributed antenna systems, set-top boxes, receivers, and over-the-air equipment. MLCCs are available in different frequency ranges—whether it is very high frequency (VHF) or ultra high frequency (UHF). MLCCs offer low dissipation for high frequency; by devising ceramic materials and electrode materials, low dissipation is achieved in frequency bands of VHF, UHF, and microwave or beyond. The telecommunications end-user industry has been booming since the advent of 5G and IoT. 5G technology utilizes high-frequency bands and is capable of handling massive volumes of data at high speeds, necessitating the deployment of a large number of base stations.

MLCC Market and Top Dielectric Types

  • Class I- Class I dielectric type MLCCs are typically employed in applications that need high reliability, low acoustic noise, and low dielectric loss. DC blocking, tuning, transient voltage suppression, energy storage, crucial timing, decoupling, data acquisition filters, PLL low pass filter, and bypassing are examples of a few of the applications of Class I MLCCs.
  • Class II- Ferroelectric materials are used to make Class II dielectrics. Alkaline earth titanates are the most often used materials for such purpose, for e.g., Barium Titanate (BaTiO3) is used in the majority of Class II dielectrics. The dielectric constant of Class II MLCCs ranges from 1000 to 4000. They also have a non-linear temperature characteristic with a dielectric constant fluctuation of less than ±15% (2R1) from room temperature over the specified temperature range. Class II units are commonly used for bypassing (decoupling), coupling, filtering, frequency discrimination, DC blocking, and voltage transient suppression with higher volumetric efficiency than Class I units while preserving stability within set parameters.

[273 Pages Report] According to MarketsandMarkets, the multilayer ceramic capacitor (MLCC) market is expected to grow from USD 14.0 billion in 2022 to USD 26.6 billion by 2027; it is expected to grow at a Compound Annual Growth Rate (CAGR ) CAGR of 13.8% from 2022 to 2027.

 The market has a promising growth potential due to several driving factors including, growing demand from automotive industry due to advent of EVs; increasing adoption in telecommunications end-user industry due to rapid development of 5G technology; and rising incorporation of MLCCs in smartphones, smart wearables, and other electronic devices further drives the multilayer ceramic capacitor market.

Multilayer Ceramic Capacitor Market

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Impact of COVID-19 on current multilayer ceramic capacitor market size and forecast

The outbreak and widespread of COVID-19 caused a major setback to export-oriented economies owing to the shut down of manufacturing plants in 2020. It hampered the growth of the MLCC market due to delays in 5G base station deployments, manufacturing/launch of new EVs, and developments of connected vehicles. COVID-19 also led to delays in procurements and supplies in 2021. However, the rise in the demand for MLCCs from the electronics and telecommunications end-user industries lessened the negative effects of the pandemic crisis on the growth of the MLCC market in late 2020 and early 2021. The increase in demand for electronics such as laptops, smartphones, computers, printers, smart wearables, healthcare devices, webcams, and headphones due to the implementation of work from home policies globally fueled the demand for MLCCs in the electronics industry. In addition, the rise in internet usage accelerated the demand for MLCCs in the telecommunications industry. Considering these factors, it can be concluded that the growth of the global MLCC market did not decline but slowed down during the pandemic period. However, the market is expected to grow consistently in the post-COVID-19 period.

  • Despite facing an unprecedented year because of the COVID-19 pandemic, Murata (Japan) achieved record sales in 2020. Amid the global pandemic of COVID-19, Murata has played its role in the continuous global supply of electronic components including MLCCs. As a result, increased consumption of electronic/electrical devices (such as smartphones, laptops, PCs, tablets, smart wearables, and IoT devices) has boosted the sales of MLCCs and maintained the positive momentum for business in 2020.
  • The commercial environment surrounding the TAIYO YUDEN (Japan) was exceedingly difficult due to the impact of the COVID-19 pandemic limiting the global economic activity. The global economy, which had experienced extraordinarily difficult conditions in the first quarter, showed signs of a slow recovery (the three-month period ended June 30, 2020). As the world recovered from the global pandemic in 2021, the recovery trend is projected to continue in the future.

Multilayer Ceramic Capacitor Market Dynamics

Driver : Growing demand from automotive industry due to advent of EVs

The automotive industry is one of the major end users of MLCCs. In recent years, automotive-grade MLCCs have gained popularity, which is predicted to fuel the entire MLCC market's growth. The increasing deployment of electronic devices in automobiles, such as engines, powertrains, and infotainment systems, is accelerating the demand for multilayer ceramic capacitors. Constant advances in the automotive industry demand component miniaturization, increase in capacitance, and improvements in safety features. Moreover, self-driving vehicles, hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and advanced driver assistance systems (ADAS) used in cars inherently require MLCCs. In fact, the number of MLCCs required in ADAS and EVs is much higher than in vehicles that run on petroleum and gases. As cars transition from internal combustion engines (ICEs) to battery electric vehicles (BEVs), the number of MLCCs employed increases, frequently by more than five times. BEVs are projected to use more than ~10,000 MLCCs. For example, BEV manufacturer TESLA’s (US) Model 3 car has over 9,000 MLCCs, and its Model S and X have over 10,000 MLCCs each. The growing demand for these components by automakers is encouraging specialized MLCC manufacturers to improve the performance of automotive-grade MLCCs.

Restraint : Advanced micro-level technical competence required for developing MLCCs

Although the MLCC is one of the tiniest electronic components, it is a high-tech device with 500 to 600 dielectric and electrode layers. MLCCs require the most complicated manufacturing and lamination technology as compared to other passive chip components. The stacking of multiple layers of dielectrics in a short space is the underlying technology in the manufacturing of precise and reliable MLCCs. The multilayering is done due to the fact that the more layers are stacked, the more electricity can be stored. The stacking of these layers of dielectrics requires the upmost skills and technological capabilities. In addition, the production method of stacking layers of dielectrics consistently is very critical. MLCC OEMs such as Murata (Japan), Samsung Electro-Mechanics (South Korea), TDK (Japan), Taiyo Yuden (Japan), YAGEO (Taiwan), and Walsin Technology (Taiwan) have mastered the cutting-edge technologies in this field and their output accounts for more than ~85% of total global MLCC demand. Thus, it can be implied that at the microtechnology stage, the MLCC business has the highest entry barrier.

Opportunity : Emergence of Internet of Things (IoT)

The advent of the Internet of Things (IoT) is generating a plethora of market prospects. Because of their inherent reliability and long service life, high-capacitance MLCCs are a perfect solution for IoT devices. MLCCs have a proven mean time to failure (MTTF) ranging from 10,000 to over 1,000,000 hours and offer low equivalent series resistance (ESR) and inductance (ESL). According to GSMA Mobile Economy 2021, the total number of IoT connection in North America alone is expected to reach 5.1 billion by 2025. According to GSMA Mobile Economy 2021, in terms of MLCC demand for IoT devices, North America is expected to lead the market through 2025. IoT devices are used to connect automotive infotainment systems, smart wearables, home IoT appliances, security cameras, smart entertainment devices, and other smart gadgets. In short, they enable systems to communicate and collaborate, resulting in increased efficiency and lower operational costs. The use of IoT devices has increased manifolds over the years, which is projected to boost demand for MLCCs even more.

Challenge : Challenges associated with miniaturization of MLCCs

The manufacturers of MLCCs are continuously looking for new ways to push the limitations of MLCC architecture because of the trend toward smaller and lighter electronic goods and components. Even when devices get smaller, there's a need for higher performance, as capacitors are engineered to have less losses and provide even greater efficiency. In such cases, ultra-thin MLCCs are widely used in even the smallest security devices, ranging from high-end patient monitoring systems to bank cards. In addition, the downsizing of MLCCs is critical in building a high-performance, versatile, and user-friendly 5G-enabled smartphone of the correct size. Electronic component producers, on the other hand, cannot simply skip forward in the downsizing of MLCCs. This is because, as component sizes shrink, user businesses will need to develop new mounting solutions to employ them. For example, mounters (mounting machines) that install components on printed circuit boards to be incorporated into electronic devices must be upgraded to accommodate small electronic components and enhance mounting accuracy. As a result, the downsizing of MLCCs must occur in tandem with the advancement of mounting technology. Furthermore, MLCCs face technical challenges that differ from those encountered in semiconductor miniaturization in terms of achieving smaller size and higher capacitances. The structure of MLCCs is made up of alternating layers of thin dielectric ceramic sheets and metal electrodes. The number of layers in modern MLCCs can reach several hundred. The ceramic sheet shrinks significantly after sintering, which is a particularly problematic component of MLCC manufacturing.

The C0G (NP0) dielectric type Class I MLCCs to dominate the market during the forecast period

The C0G (NP0) dielectric type is expected to dominate the Class I dielectric multilayer ceramic capacitor market during the forecast period. It is further expected to grow at the highest CAGR during 2022 and 2027. Unlike film capacitors, C0G MLCCs do not require special reflow profiles for surface installation. C0G MLCCs often have greater voltage ratings for a given capacitance inside a given case size. Murata (Japan), Samsung Electro-Mechanics (South Korea), TAIYO YUDEN (Japan), and YAGEO (Taiwan) are a few other key manufacturers that offer C0G dielectric type MLCCs. Similarly, KEMET, a subsidiary of YAGEO (Taiwan), offers the CBR series of surface-mount MLCCs in C0G dielectric configuration that have a durable and extremely stable base metal electrode dielectric system that delivers excellent low loss performance (high-Q). These devices have extremely low equivalent series resistance (ESR) and excellent self-resonance characteristics, making them ideal for resonant circuit applications or applications requiring Q (Quality Factor) and capacitance stability. C0G (NP0) MLCCs are ideal for a variety of applications, including automation equipment, safety devices, smart meters, smart homes, remote power management, inverters, power supply, cellular base station, smart/feature phones, laptops, servers and uninterruptible power supply (UPS) devices, chargers & adapters, motherboards, multimedia, and white goods.

The Class II dielectric MLCC market for automotive is expected to grow at the highest CAGR during the forecast period

The Class II dielectric multilayer ceramic capacitor market for automotive is expected to grow at the highest CAGR during the forecast period. Advancements in automobile electrification, advent of ADAS (advanced driver-assistance systems), rise of autonomous vehicles, and rapid development in connected vehicles is attributed to the increasing deployment of Class II dielectric type MLCCs in the automotive industry. With the transition of cars from internal combustion engine (ICE) to battery electric vehicle (BEV), the number of MLCCs employed increases, frequently by more than five times. On an average, BEVs are projected to use more than ~10,000 MLCCs. Being durable, Class II MLCC are very important capacitors in mission- and safety-critical automobile circuits. In acknowledgment of the potentially extreme environmental conditions, a stricter testing process and inspection standards have been devised for automotive-grade X5R MLCCs. For instance, KEMET, a subsidiary of YAGEO (Taiwan), offers automotive-grade X5R MLCCs with the Automotive Electronics Council's AEC–Q200 qualifying criteria to ensure the maximum safety and reliability.

The Class I dielectric type segment is expected to dominate the high rated voltage MLCC market from 2022 to 2027

The Class I dielectric type segment is expected to dominate the high rated voltage MLCC market throughout the forecast period. It is further expected to grow at a higher CAGR during the forecast period. C0G, a Class I dielectric type MLCC, is widely used in high-rated voltage applications as these MLCCs reach a withstand voltage of 1000 V & above. For instance, TDK (Japan) offers high rated voltage MLCCs with C0G dielectric. Through C0G features, these MLCCs reach a withstand voltage of 1000 V over the industry's widest capacitance range (1nF to 33nF). Murata (Japan), Samsung Electro-Mechanics (South Korea), TAIYO YUDEN (Japan), and YAGEO (Taiwan) are a few other key manufacturers that offers C0G dielectric type MLCCs with high rated voltage capacity. On the other hand, Class I U2J MLCC is a very stable dielectric material with a minor capacitance shift with respect to voltage, and a predictable and linear capacitance change with reference to ambient temperature with no aging impact. When compared to Class II dielectric materials, U2J is not sensitive to DC bias and retains over 99% of nominal dielectric strength at full rated voltage capacitance.

Multilayer Ceramic Capacitor Market in Asia Pacific is expected to maintain the highest share during 2022–2027

Asia Pacific is expected to hold the largest share of the MLCC market throughout the forecast period. According to the electric vehicle world sale database (ev-volumes.com), the EV market in China alone grew by 155% from 2020 to 2021. With the transition of cars from internal combustion engines (ICEs) to battery electric vehicles (BEVs), hybrid electric vehicles (HEV), and plug-in hybrid electric vehicles (PHEV), the number of MLCCs used per vehicle in the Asia Pacific region is also expected to grow at a higher rate. The commercial introduction of 5G communication technology has fueled demand for high-performance and high-reliability MLCCs. In Asia Pacific, a second wave of 5G network deployments has begun, with significant 5G-related activities in numerous new markets, including India, Indonesia, and Malaysia. According to the Global System for Mobile communications Association (GSMA), there will be nearly 456 million 5G subscribers by 2025, taking the total number of subscribers in the region to 14%. Further, the IoT connections in the Asia Pacific region is also expected to reach 3.3 billion by 2025, which is expected to further fuel the MLCC market growth in the region.

Rotator Cuff Injury Treatment  Market by Region

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  • In January 2022, TDK (Japan) announced that it has successfully built an industry-first recycling system that reuses PET films used in the manufacturing process of multilayer ceramic capacitors. When compared to conventional PET films, recycled PET film reduces CO2 emissions by about 10%. Normally, the surfaces of discarded PET films from the MLCC manufacturing process are specially processed and cannot be reused without further processing. As a result, they are primarily thermally recycled or incinerated. In comparison, the new TDK system washes the surfaces of waste PET films, converts them to PET plastic form (as a pellet), and then forms a film for PET film manufacturer TORAY Corporation. The films are then purchased by TDK and undergo special processing, allowing them to be reused in the manufacturing process.
  • In January 2022, Sabae Murata Manufacturing Co., Ltd. (in Sabae, Fukui Prefecture, Japan), a manufacturing subsidiary of Murata, will begin construction on a new research and development building in February 2022 with an investment of USD 55.24 million (for building only). The new R&D building will be used to develop plating technology suitable for making electronic components smaller, thinner, and lighter, as well as the technology required to bring it to mass production.
  • In July 2021, YAGEO (Taiwan) and Hon Hai Technology Group (Taiwan) have announced a joint venture agreement to establish XSemi Corporation (XSemi). The goal of this newly formed joint venture is to expand the company's operations into the semiconductor industry, including product development and sales. The new joint venture XSemi will expand its semiconductor footprint by focusing on the development of semiconductor chips with average selling prices of less than USD 2.00, which they refer to as Small IC.

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    • TABLE OF CONTENTS

      1 INTRODUCTION (Page No. - 30)
          1.1 STUDY OBJECTIVES
          1.2 MARKET DEFINITION
                 1.2.1 INCLUSIONS AND EXCLUSIONS
          1.3 STUDY SCOPE
                 1.3.1 MARKETS COVERED
                          FIGURE 1 MLCC MARKET: SEGMENTATION
                 1.3.2 GEOGRAPHIC SCOPE
                 1.3.3 YEARS CONSIDERED
          1.4 CURRENCY
          1.5 LIMITATIONS
          1.6 STAKEHOLDERS

      2 RESEARCH METHODOLOGY (Page No. - 34)
          2.1 RESEARCH DATA
                 FIGURE 2 Multilayer Ceramic Capacitor Market: RESEARCH DESIGN
                 2.1.1 SECONDARY DATA AND PRIMARY RESEARCH
                          FIGURE 3 MLCC MARKET: RESEARCH APPROACH
                 2.1.2 SECONDARY DATA
                          2.1.2.1 Major secondary sources
                          2.1.2.2 Key data from secondary sources
                 2.1.3 PRIMARY DATA
                          2.1.3.1 Primary interviews with experts
                          2.1.3.2 Primary sources
                          2.1.3.3 Key industry insights
                          2.1.3.4 Breakdown of primary interviews
          2.2 MARKET SIZE ESTIMATION
                 2.2.1 BOTTOM-UP APPROACH
                          2.2.1.1 Approach to arrive at market size using bottom-up analysis (demand side)
                                     FIGURE 4 BOTTOM-UP APPROACH
                 2.2.2 TOP-DOWN APPROACH
                          2.2.2.1 Approach to arrive at market size using bottom-up analysis (supply side)
                                     FIGURE 5 TOP-DOWN APPROACH
                                     FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: (DEMAND SIDE) — REVENUE GENERATED BY COMPANIES IN MLCC MARKET
          2.3 DATA TRIANGULATION
                 FIGURE 7 MLCC MARKET: DATA TRIANGULATION
          2.4 ASSUMPTIONS
          2.5 LIMITATIONS
          2.6 RISK ASSESSMENT

      3 EXECUTIVE SUMMARY (Page No. - 46)
          3.1 IMPACT OF COVID-19 ON MLCC MARKET
                 FIGURE 8 MLCC MARKET: REALISTIC, PESSIMISTIC, AND OPTIMISTIC RECOVERY SCENARIOS
                 3.1.1 COVID-19 IMPACT: REALISTIC SCENARIO
                 3.1.2 COVID-19 IMPACT: OPTIMISTIC SCENARIO
                 3.1.3 COVID-19 IMPACT: PESSIMISTIC SCENARIO
                          FIGURE 9 CLASS I SEGMENT TO HOLD LARGER SHARE OF MLCCS MARKET, BY DIELECTRIC TYPE, DURING FORECAST PERIOD
                          FIGURE 10 LOW RATED VOLTAGE SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
                          FIGURE 11 Multilayer Ceramic Capacitor Market FOR AUTOMOTIVE END-USER INDUSTRY TO REGISTER HIGHEST CAGR BETWEEN 2022 AND 2027
                          FIGURE 12 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF GLOBAL MLCC MARKET IN 2021

      4 PREMIUM INSIGHTS (Page No. - 51)
          4.1 ATTRACTIVE OPPORTUNITIES IN MULTILAYER CERAMIC CAPACITOR (MLCC) MARKET
                 FIGURE 13 INCREASING DEMAND FOR MLCCS IN AUTOMOTIVE INDUSTRY TO FUEL MARKET GROWTH
          4.2 Multilayer Ceramic Capacitor Market, BY CLASS I DIELECTRIC TYPE
                 FIGURE 14 C0G (NP0) SEGMENT TO HOLD LARGEST SHARE OF MLCC MARKET FOR CLASS I DIELECTRIC TYPE DURING FORECAST PERIOD
          4.3 MLCC MARKET IN ASIA PACIFIC, BY END-USER INDUSTRY AND COUNTRY
                 FIGURE 15 ELECTRONICS END-USER INDUSTRY AND CHINA TO ACCOUNT FOR LARGEST SHARES OF ASIA PACIFIC MLCC MARKET IN 2022
          4.4 Multilayer Ceramic Capacitor Market, BY END-USER INDUSTRY
                 FIGURE 16 AUTOMOTIVE END-USER INDUSTRY TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
          4.5 MLCC MARKET, BY COUNTRY
                 FIGURE 17 CHINA TO DOMINATE GLOBAL MLCC MARKET DURING FORECAST PERIOD

      5 MARKET OVERVIEW (Page No. - 54)
          5.1 INTRODUCTION
          5.2 MARKET DYNAMICS
                 FIGURE 18 MLCC MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
                 5.2.1 DRIVERS
                          FIGURE 19 IMPACT OF DRIVERS ON MLCC MARKET
                          5.2.1.1 Growing demand from automotive industry due to advent of EVs
                                     FIGURE 20 APPROX. UNITS OF MLCCS REQUIRED IN AUTOMOTIVES BASED ON TYPE OF IN-VEHICLE USE
                          5.2.1.2 Increasing adoption of MLCCs in telecommunications end-user industry due to rapid development of 5G technology
                          5.2.1.3 Rising incorporation of MLCCs in smartphones, smart wearables, and other electronic devices
                                     FIGURE 21 APPROX. UNITS OF MLCCS REQUIRED IN DIFFERENT ELECTRONIC DEVICES
                 5.2.2 RESTRAINTS
                          FIGURE 22 IMPACT OF RESTRAINTS ON MLCC MARKET
                          5.2.2.1 Global shortage of MLCCs
                          5.2.2.2 Advanced micro-level technical competence required for developing MLCCs
                 5.2.3 OPPORTUNITIES
                          FIGURE 23 IMPACT OF OPPORTUNITIES ON MLCC MARKET
                          5.2.3.1 Emergence of Internet of Things (IoT)
                                     FIGURE 24 EXPECTED GLOBAL NUMBER OF IOT CONNECTIONS BY 2025
                          5.2.3.2 Recent advancements in medium-high voltage and kV application MLCCs
                 5.2.4 CHALLENGES
                          FIGURE 25 IMPACT OF CHALLENGES ON MLCC MARKET
                          5.2.4.1 Challenges associated with miniaturization of MLCCs
          5.3 VALUE CHAIN ANALYSIS
                 FIGURE 26 VALUE CHAIN ANALYSIS OF MLCC ECOSYSTEM: MANUFACTURING, ASSEMBLY, AND SYSTEM INTEGRATION PHASES CONTRIBUTE MOST VALUE
                 5.3.1 PLANNING AND REVISING FUNDS
                 5.3.2 RESEARCH AND DEVELOPMENT
                 5.3.3 MANUFACTURING AND TESTING
                 5.3.4 DISTRIBUTION AND AFTER-SALES SERVICES
          5.4 ECOSYSTEM
                 FIGURE 27 MULTILAYER CERAMIC CAPACITOR ECOSYSTEM
                 TABLE 1 LIST OF COMPANIES AND THEIR ROLE IN MLCC ECOSYSTEM
          5.5 PRICING ANALYSIS
                 5.5.1 AVERAGE SELLING PRICES OF KEY PLAYERS, BY END-USER INDUSTRY
                          FIGURE 28 AVERAGE SELLING PRICES OF PRODUCTS OFFERED BY KEY PLAYERS FOR TOP 3 END-USER INDUSTRIES
                          TABLE 2 AVERAGE SELLING PRICES OF KEY PLAYERS FOR TOP 3 END-USER INDUSTRIES (USD)
                 5.5.2 AVERAGE SELLING PRICE TREND
                          FIGURE 29 MULTILAYER CERAMIC CAPACITOR MARKET: AVERAGE SELLING PRICE TREND
          5.6 TRENDS IMPACTING CUSTOMERS’ BUSINESSES
                 FIGURE 30 REVENUE SHIFT IN MULTILAYER CERAMIC CAPACITOR MARKET
          5.7 TECHNOLOGY TRENDS
                 5.7.1 ADVANCEMENTS IN MANUFACTURING TECHNOLOGIES AND MATERIAL PROCESSING TECHNOLOGIES
                          TABLE 3 MATERIAL PROCESSING TECHNOLOGIES FOR MULTILAYER CERAMIC CAPACITORS
                          TABLE 4 MANUFACTURING TECHNOLOGIES FOR MULTILAYER CERAMIC CAPACITORS
                 5.7.2 RECENT DEVELOPMENTS IN IMPROVING FAIL-SAFE FEATURE OF MLCCS FOR INDUSTRIAL AND AUTOMOTIVE-GRADE RELIABILITY
                 5.7.3 INCREASING FOCUS ON MINIATURIZATION OF MLCCS WHILE INCREASING CAPACITANCE PERFORMANCE
          5.8 PORTER’S FIVE FORCES ANALYSIS
                 FIGURE 31 PORTER’S FIVE FORCES ANALYSIS
                 TABLE 5 MLCC MARKET: PORTER’S FIVE FORCES ANALYSIS
                 5.8.1 THREAT OF NEW ENTRANTS
                 5.8.2 THREAT OF SUBSTITUTES
                 5.8.3 BARGAINING POWER OF BUYERS
                 5.8.4 BARGAINING POWER OF SUPPLIERS
                 5.8.5 INTENSITY OF COMPETITIVE RIVALRY
          5.9 KEY STAKEHOLDERS & BUYING CRITERIA
                 5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
                          FIGURE 32 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 END-USER INDUSTRIES
                          TABLE 6 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 END-USER INDUSTRIES (%)
                 5.9.2 BUYING CRITERIA
                          FIGURE 33 KEY BUYING CRITERIA FOR TOP 3 END-USER INDUSTRIES
                          TABLE 7 KEY BUYING CRITERIA FOR TOP 3 END-USER INDUSTRIES
          5.10 CASE STUDIES
                 5.10.1 MURATA (JAPAN) INTRODUCED MULTILAYER CERAMIC CAPACITORS FOR 5G SMARTPHONES
                 5.10.2 TDK (JAPAN) DEVELOPED MLCC WITH ZL CHARACTERISTICS FOR ULTRASONIC PARKING ASSIST
                 5.10.3 TDK (JAPAN) OFFERS CA SERIES AND CN SERIES MLCCS FOR ESTABLISHING STABLE AUTOMOTIVE POWER SYSTEMS AND EMI SUPRESSION
                 5.10.4 KEMET MINIATURIZED HIGH-VOLTAGE BME X7R MULTILAYER CERAMIC CAPACITORS BY SUPPRESSING SURFACE ARCING FOR AUTOMOTIVE APPLICATIONS
                 5.10.5 MULTILAYER CERAMIC CAPACITORS FOR TELECOMMUNICATIONS INDUSTRY AND 5G SMARTPHONES
          5.11 TRADE ANALYSIS
                 5.11.1 IMPORT SCENARIO
                          5.11.1.1 Import scenario for the MLCC market
                                      FIGURE 34 MPORT DATA FOR FIXED ELECTRICAL CAPACITORS, CERAMIC DIELECTRIC, MULTILAYER (EXCLUDING POWER CAPACITORS) IN MARKET FOR TOP SEVEN COUNTRIES, 2016–2021 (USD MILLION)
                 5.11.2 EXPORT SCENARIO
                          5.11.2.1 Export scenario for MLCC market
                                      FIGURE 35 EXPORT DATA FOR FIXED ELECTRICAL CAPACITORS, CERAMIC DIELECTRIC, MULTILAYER (EXCLUDING POWER CAPACITORS) IN MARKET FOR TOP SEVEN COUNTRIES, 2016–2021 (USD MILLION)
          5.12 PATENT ANALYSIS
                 TABLE 8 TOP 14 PATENT OWNERS IN LAST 10 YEARS (2012–2021)
                 TABLE 9 PATENTS FILED FOR MLCCS, 2021–2020
                 FIGURE 36 MLCC PATENTS GRANTED FROM 2012 TO 2021
                 FIGURE 37 TOP 10 COMPANIES WITH LARGEST NUMBER OF PATENT APPLICATIONS FOR MLCCS, 2012–2021
          5.13 KEY CONFERENCES & EVENTS IN 2022–2023
                 TABLE 10 MULTILAYER CERAMIC CAPACITOR MARKET: DETAILED LIST OF CONFERENCES & EVENTS
          5.14 TARIFFS AND REGULATIONS
                 5.14.1 TARIFFS
                          TABLE 11 JAPAN: MFN TARIFFS FOR FIXED ELECTRICAL CAPACITORS, CERAMIC DIELECTRIC, MULTILAYER (EXCLUDING POWER CAPACITORS), BY KEY COUNTRY
                          TABLE 12 CHINA: FIXED ELECTRICAL CAPACITORS, CERAMIC DIELECTRIC, MULTILAYER (EXCLUDING POWER CAPACITORS), BY KEY COUNTRY
                          5.14.1.1 Positive impact of tariffs on MLCC ecosystem
                          5.14.1.2 Negative impact of tariffs on MLCC ecosystem
                 5.14.2 REGULATIONS AND STANDARDS
                          FIGURE 38 VARIOUS STANDARDS & REGULATIONS FOR MULTILAYER CERAMIC CAPACITORS
                          5.14.2.1 International standards & regulatory compliances
                                     5.14.2.1.1 ISO 9001
                                     5.14.2.1.2 ISO 14001:2004
                                     5.14.2.1.3 ISO/ TS 16949:2009
                                     5.14.2.1.4 Halogen free compliance
                                     5.14.2.1.5 HSPM QC 080000 certification
                                     5.14.2.1.6 AEC-Q200
                          5.14.2.2 Regulations for different regions
                                     TABLE 13 REGULATIONS FOR DIFFERENT REGIONS

      6 MULTILAYER CERAMIC CAPACITOR MARKET, BY TYPE (Page No. - 99)
          6.1 INTRODUCTION
                 FIGURE 39 MLCC MARKET: BY TYPE
          6.2 GENERAL PURPOSE
                 TABLE 14 PLAYERS OFFERING GENERAL-PURPOSE MLCC
          6.3 ARRAY
                 TABLE 15 PLAYERS OFFERING ARRAY TYPE MLCC
          6.4 MEGACAP
                 TABLE 16 PLAYERS OFFERING MEGACAP TYPE MLCC
          6.5 SERIAL DESIGN
                 TABLE 17 APPLICATIONS OF SERIAL DESIGN TYPE MLCC IN KEY END-USER INDUSTRIES
          6.6 OTHER TYPES
                 TABLE 18 FEW MAJOR APPLICATIONS OF SERIAL DESIGN-TYPE MLCC

      7 MULTILAYER CERAMIC CAPACITOR MARKET, BY DIELECTRIC TYPE (Page No. - 105)
          7.1 INTRODUCTION
                 FIGURE 40 MLCC MARKET: BY DIELECTRIC TYPE
                 FIGURE 41 CLASS I DIELECTRIC TYPE TO ACCOUNT FOR LARGER SIZE OF MLCC MARKET DURING FORECAST PERIOD
                 TABLE 19 MLCC MARKET, BY DIELECTRIC TYPE, 2018–2021 (USD MILLION)
                 TABLE 20 MLCC MARKET, BY DIELECTRIC TYPE, 2022–2027 (USD MILLION)
          7.2 CLASS I
                 TABLE 21 CLASS I DIELECTRIC TYPE MLCC MARKET, 2018–2021 (USD MILLION)
                 TABLE 22 CLASS I DIELECTRIC TYPE MLCC MARKET, 2022–2027 (USD MILLION)
                 TABLE 23 CLASS I DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
                 FIGURE 42 ELECTRONICS END-USER INDUSTRY TO DOMINATE CLASS I MLCC MARKET DURING FORECAST PERIOD
                 TABLE 24 CLASS I DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
                 TABLE 25 CLASS I DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)
                 TABLE 26 CLASS I DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)
                 7.2.1 C0G (NP0)
                          7.2.1.1 C0G MLCCs offer advantages of low capacitance, significantly low electrical losses, high stability, and high accuracy
                                     TABLE 27 C0G (NP0) DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
                                     TABLE 28 C0G (NP0) DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
                                     TABLE 29 C0G (NP0) DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)
                                     TABLE 30 C0G (NP0) DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)
                 7.2.2 X8G
                          7.2.2.1 X8G MLCCs are designed for applications that require great durability and capacitance stability at high temperatures
                                     TABLE 31 X8G DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
                                     TABLE 32 X8G DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
                                     TABLE 33 X8G DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)
                                     TABLE 34 X8G DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)
                 7.2.3 U2J
                          7.2.3.1 U2J dielectric MLCC offers high stability as that of Class I dielectric and high capacitance similar to that of Class II dielectrics
                                     TABLE 35 U2J DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
                                     TABLE 36 U2J DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
                                     TABLE 37 U2J DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)
                                     TABLE 38 U2J DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)
                 7.2.4 OTHER CLASS I
                          TABLE 39 OTHER CLASS I DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
                          TABLE 40 OTHER CLASS I DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
                          TABLE 41 OTHER CLASS I DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)
                          TABLE 42 OTHER CLASS I DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)
          7.3 CLASS II
                 TABLE 43 CLASS II DIELECTRIC TYPE MLCC MARKET, 2018–2021 (USD MILLION)
                 TABLE 44 CLASS II DIELECTRIC TYPE MLCC MARKET, 2022–2027 (USD MILLION)
                 TABLE 45 CLASS II DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
                 FIGURE 43 CLASS II MLCC MARKET FOR AUTOMOTIVE END-USER INDUSTRY TO GROW AT FASTEST CAGR DURING THE FORECAST PERIOD
                 TABLE 46 CLASS II DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
                 TABLE 47 CLASS II DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)
                 TABLE 48 CLASS II DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)
                 7.3.1 X7R
                          7.3.1.1 X7R MLCCs are ideal for bypass and decoupling applications
                                     TABLE 49 X7R DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
                                     TABLE 50 X7R DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
                                     TABLE 51 X7R DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)
                                     TABLE 52 X7R DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)
                 7.3.2 X5R
                          7.3.2.1 X5R MLCCs are ideal for applications that require high capacitance
                                     TABLE 53 X5R DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
                                     TABLE 54 X5R DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
                                     TABLE 55 X5R DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)
                                     TABLE 56 X5R DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)
                 7.3.3 Y5V
                          7.3.3.1 Y5V dielectric MLCCs are intended for general-purpose use in limited temperature ranges
                                     TABLE 57 Y5V DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
                                     TABLE 58 Y5V DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
                                     TABLE 59 Y5V DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)
                                     TABLE 60 Y5V DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)
                 7.3.4 X7S
                          7.3.4.1 Demand for X7S MLCCs to be driven by their small size and high capacitance features
                                     TABLE 61 X7S DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
                                     TABLE 62 X7S DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
                                     TABLE 63 X7S DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)
                                     TABLE 64 X7S DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)
                 7.3.5 OTHER CLASS II
                          TABLE 65 OTHER CLASS II DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
                          TABLE 66 OTHER CLASS II DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
                          TABLE 67 OTHER CLASS II DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)
                          TABLE 68 OTHER CLASS II DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)

      8 MULTILAYER CERAMIC CAPACITOR MARKET, BY RATED VOLTAGE (Page No. - 131)
          8.1 INTRODUCTION
                 FIGURE 44 MLCC MARKET: BY RATED VOLTAGE
                 FIGURE 45 LOW RATED VOLTAGE SEGMENT TO DOMINATE MLCC MARKET DURING FORECAST PERIOD
                 TABLE 69 MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)
                 TABLE 70 MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)
          8.2 LOW RATED VOLTAGE (UP TO 50 V)
                 8.2.1 MINIATURIZATION OF ICS IN ELECTRONICS DRIVES MARKET FOR LOW RATED VOLTAGE MLCCS
                          TABLE 71 LOW RATED VOLTAGE MLCC MARKET, BY DIELECTRIC TYPE, 2018–2021 (USD MILLION)
                          TABLE 72 LOW RATED VOLTAGE MLCC MARKET, BY DIELECTRIC TYPE, 2022–2027 (USD MILLION)
          8.3 MEDIUM RATED VOLTAGE (100 V–630 V)
                 8.3.1 MEDIUM RATED VOLTAGE MLCCS HAVE GOOD CAPACITANCE TO VOLUME RATIO
                          TABLE 73 MEDIUM RATED VOLTAGE MLCC MARKET, BY DIELECTRIC TYPE, 2018–2021 (USD MILLION)
                          TABLE 74 MEDIUM RATED VOLTAGE MLCC MARKET, BY DIELECTRIC TYPE, 2022–2027 (USD MILLION)
          8.4 HIGH RATED VOLTAGE (1,000 V & ABOVE)
                 8.4.1 HIGH RATED VOLTAGE MLCCS USE MULTI-LAYERING TECHNOLOGIES AND ADVANCED CERAMIC DIELECTRIC THIN LAYERS TO OFFER HIGH CAPACITANCE
                          TABLE 75 HIGH RATED VOLTAGE MLCC MARKET, BY DIELECTRIC TYPE, 2018–2021 (USD MILLION)
                          TABLE 76 HIGH RATED VOLTAGE MLCC MARKET, BY DIELECTRIC TYPE, 2022–2027 (USD MILLION)

      9 MULTILAYER CERAMIC CAPACITOR MARKET, BY END-USER INDUSTRY (Page No. - 138)
          9.1 INTRODUCTION
                 FIGURE 46 Multilayer Ceramic Capacitor Market: BY END-USER INDUSTRY
                 FIGURE 47 MARKET FOR AUTOMOTIVE TO GROW AT FASTEST CAGR DURING FORECAST PERIOD
                 TABLE 77 MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
                 TABLE 78 MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
          9.2 ELECTRONICS
                 9.2.1 CONSOLIDATING TREND OF MINIATURIZATION OF ELECTRONIC COMPONENTS TO FUEL DEMAND FOR MLCCS IN ELECTRONICS INDUSTRY
                          TABLE 79 Multilayer Ceramic Capacitor Market FOR ELECTRONICS END-USER INDUSTRY, BY DIELECTRIC TYPE, 2018–2021 (USD MILLION)
                          TABLE 80 MARKET FOR ELECTRONICS END-USER INDUSTRY, BY DIELECTRIC TYPE, 2022–2027 (USD MILLION)
                          TABLE 81 MARKET FOR ELECTRONICS END-USER INDUSTRY, BY REGION, 2018–2021 (USD MILLION)
                          TABLE 82 MARKET FOR ELECTRONICS END-USER INDUSTRY, BY REGION, 2022–2027 (USD MILLION)
          9.3 AUTOMOTIVE
                 9.3.1 ADOPTION OF ADAS AND INFOTAINMENT SYSTEMS FUELS DEMAND FOR MLCCS IN AUTOMOTIVE END-USER INDUSTRY
                          TABLE 83 MLCC MARKET FOR AUTOMOTIVE END-USER INDUSTRY, BY DIELECTRIC TYPE, 2018–2021 (USD MILLION)
                          TABLE 84 MARKET FOR AUTOMOTIVE END-USER INDUSTRY, BY DIELECTRIC TYPE, 2022–2027 (USD MILLION)
                 FIGURE 48 ASIA PACIFIC TO DOMINATE MLCC MARKET FOR AUTOMOTIVE END-USER INDUSTRY DURING FORECAST PERIOD
                          TABLE 85 MARKET FOR AUTOMOTIVE END-USER INDUSTRY, BY REGION, 2018–2021 (USD MILLION)
                          TABLE 86 MARKET FOR AUTOMOTIVE END-USER INDUSTRY, BY REGION, 2022–2027 (USD MILLION)
          9.4 TELECOMMUNICATIONS
                 9.4.1 ADVENT OF 5G AND IOT IS EXPECTED TO AUGMENT DEMAND FOR MLCCS IN TELECOMMUNICATIONS INDUSTRY
                          TABLE 87 Multilayer Ceramic Capacitor Market FOR TELECOMMUNICATIONS END-USER INDUSTRY, BY DIELECTRIC TYPE, 2018–2021 (USD MILLION)
                          TABLE 88 MARKET FOR TELECOMMUNICATIONS END-USER INDUSTRY, BY DIELECTRIC TYPE, 2022–2027 (USD MILLION)
                          TABLE 89 MARKET FOR TELECOMMUNICATIONS END-USER INDUSTRY, BY REGION, 2018–2021 (USD MILLION)
                          TABLE 90 MARKET FOR TELECOMMUNICATIONS END-USER INDUSTRY, BY REGION, 2022–2027 (USD MILLION)
          9.5 INDUSTRIAL EQUIPMENT
                 9.5.1 INCREASING AUTOMATION AND ADVENT OF IIOT AND INDUSTRY 4.0 SUPPORT MLCC MARKET GROWTH
                          TABLE 91 Multilayer Ceramic Capacitor Market FOR INDUSTRIAL EQUIPMENT END-USER INDUSTRY, BY DIELECTRIC TYPE, 2018–2021 (USD MILLION)
                          TABLE 92 MARKET FOR INDUSTRIAL EQUIPMENT END-USER INDUSTRY, BY DIELECTRIC TYPE, 2022–2027 (USD MILLION)
                          TABLE 93 MARKET FOR INDUSTRIAL EQUIPMENT END-USER INDUSTRY, BY REGION, 2018–2021 (USD MILLION)
                          TABLE 94 MARKET FOR INDUSTRIAL EQUIPMENT END-USER INDUSTRY, BY REGION, 2022–2027 (USD MILLION)
          9.6 OTHER END-USER INDUSTRIES
                 TABLE 95 Multilayer Ceramic Capacitor Market FOR OTHER END-USER INDUSTRIES, BY DIELECTRIC TYPE, 2018–2021 (USD MILLION)
                 TABLE 96 MARKET FOR OTHER END-USER INDUSTRIES, BY DIELECTRIC TYPE, 2022–2027 (USD MILLION)
                 TABLE 97 MARKET FOR OTHER END-USER INDUSTRIES, BY REGION, 2018–2021 (USD MILLION)
                 TABLE 98 MARKET FOR OTHER END-USER INDUSTRIES, BY REGION, 2022–2027 (USD MILLION)

      10 GEOGRAPHIC ANALYSIS (Page No. - 152)
           10.1 INTRODUCTION
                   FIGURE 49 MLCC MARKET IN CHINA TO REGISTER HIGHEST CAGR FROM 2022 TO 2027
                   FIGURE 50 ASIA PACIFIC TO DOMINATE MLCC MARKET DURING FORECAST PERIOD
                   TABLE 99 MLCC MARKET, BY REGION, 2018–2021 (USD MILLION)
                   TABLE 100 MLCC MARKET, BY REGION, 2022–2027 (USD MILLION)
           10.2 NORTH AMERICA
                   FIGURE 51 SNAPSHOT: MULTILAYER CERAMIC CAPACITOR MARKET IN NORTH AMERICA
                   TABLE 101 NORTH AMERICA: MLCC MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                   TABLE 102 NORTH AMERICA: MLCC MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                   TABLE 103 NORTH AMERICA: MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
                   TABLE 104 NORTH AMERICA: MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)

                   10.2.1 US
                              10.2.1.1 Aggressive 5G deployment will foster MLCC market growth in US
                   10.2.2 CANADA
                              10.2.2.1 Rapid adoption of 5G networks and IoT to boost demand for MLCCs in Canada
                   10.2.3 MEXICO
                              10.2.3.1 Expanding economy and government initiatives for developing automotive industry to drive MLCC market in Mexico
           10.3 EUROPE
                   FIGURE 52 SNAPSHOT: MULTILAYER CERAMIC CAPACITOR MARKET IN EUROPE
                   TABLE 105 EUROPE: MLCC MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                   TABLE 106 EUROPE: MLCC MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                   TABLE 107 EUROPE: MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
                   TABLE 108 EUROPE: Multilayer Ceramic Capacitor Market, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
                   10.3.1 GERMANY
                              10.3.1.1 Large production volume of EVs and presence of several major automotive manufacturers to drive MLCC market in Germany
                   10.3.2 FRANCE
                              10.3.2.1 Investments in EV production to boost demand for MLCCs in France
                   10.3.3 UK
                              10.3.3.1 Rapid development of 5G infrastructure and deployment of IoT devices drives market growth in UK
                   10.3.4 REST OF EUROPE
           10.4 ASIA PACIFIC
                   FIGURE 53 SNAPSHOT: MULTILAYER CERAMIC CAPACITOR MARKET IN ASIA PACIFIC
                   TABLE 109 ASIA PACIFIC: MLCC MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                   TABLE 110 ASIA PACIFIC: Multilayer Ceramic Capacitor Market, BY COUNTRY, 2022–2027 (USD MILLION)
                   TABLE 111 ASIA PACIFIC: MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
                   TABLE 112 ASIA PACIFIC: MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
                   10.4.1 CHINA
                              10.4.1.1 5G development initiatives to drive market growth in China
                   10.4.2 INDIA
                              10.4.2.1 Initiatives for development of 5G, IoT, and electric vehicles will drive MLCC market in India during forecast period
                   10.4.3 JAPAN
                              10.4.3.1 Presence of leading players to drive market for MLCCs in Japan
                   10.4.4 SOUTH KOREA
                              10.4.4.1 Presence of world’s third-largest electronics manufacturing industry favors MLCC market growth in South Korea
                   10.4.5 REST OF ASIA PACIFIC
           10.5 REST OF WORLD
                   FIGURE 54 SNAPSHOT: MULTILAYER CERAMIC CAPACITOR MARKET IN ROW
                   TABLE 113 REST OF WORLD: Multilayer Ceramic Capacitor Market, BY COUNTRY, 2018–2021 (USD MILLION)
                   TABLE 114 REST OF WORLD: MLCC MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                   TABLE 115 REST OF WORLD: MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
                   TABLE 116 REST OF WORLD: MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
                   10.5.1 SOUTH AMERICA
                              10.5.1.1 Growing smartphone adoption and internet usage to augment demand for MLCCs in South America
                   10.5.2 MIDDLE EAST
                              TABLE 117 MIDDLE EAST: Multilayer Ceramic Capacitor Market, BY COUNTRY, 2018–2021 (USD MILLION)
                              TABLE 118 MIDDLE EAST: MLCC MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
                              10.5.2.1 Saudi Arabia
                                           10.5.2.1.1 Demand for premium vehicles and 5G networking to enhance opportunities for MLCC players in Saudi Arabia
                              10.5.2.2 United Arab Emirates (UAE)
                                           10.5.2.2.1 Deployment of 5G base stations to push MLCC market growth in UAE
                              10.5.2.3 Rest of Middle East
                   10.5.3 AFRICA
                              10.5.3.1 Rapidly growing electronics industry in Africa is expected to drive MLCC market

      11 COMPETITIVE LANDSCAPE (Page No. - 177)
           11.1 OVERVIEW
           11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
                   TABLE 119 OVERVIEW OF STRATEGIES DEPLOYED BY MLCC COMPANIES
                   11.2.1 PRODUCT PORTFOLIO
                   11.2.2 REGIONAL FOCUS
                   11.2.3 MANUFACTURING FOOTPRINT
                   11.2.4 ORGANIC/INORGANIC PLAY
           11.3 TOP FIVE COMPANY REVENUE ANALYSIS
                   FIGURE 55 GLOBAL MLCC MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2017–2021
           11.4 MARKET SHARE ANALYSIS, 2021
                   TABLE 120 DEGREE OF COMPETITION, MLCC MARKET (2021)
           11.5 COMPANY EVALUATION QUADRANT, 2021
                   11.5.1 STAR
                   11.5.2 EMERGING LEADER
                   11.5.3 PERVASIVE
                   11.5.4 PARTICIPANT
                              FIGURE 56 MLCC MARKET: COMPANY EVALUATION QUADRANT, 2021
           11.6 STARTUP/SME EVALUATION QUADRANT, 2021
                   11.6.1 PROGRESSIVE COMPANY
                   11.6.2 RESPONSIVE COMPANY
                   11.6.3 DYNAMIC COMPANY
                   11.6.4 STARTING BLOCK
                              FIGURE 57 MLCC MARKET, STARTUP/SME EVALUATION QUADRANT, 2021
           11.7 MLCC MARKET: COMPANY FOOTPRINT (15 COMPANIES)
                   TABLE 121 COMPANY FOOTPRINT
                   TABLE 122 COMPANY DIELECTRIC TYPE FOOTPRINT (15 COMPANIES)
                   TABLE 123 COMPANY RATED VOLTAGE FOOTPRINT (15 COMPANIES)
                   TABLE 124 COMPANY REGION FOOTPRINT (15 COMPANIES)
                   11.7.1 COMPETITIVE BENCHMARKING
                              TABLE 125 MLCC MARKET: DETAILED LIST OF KEY STARTUP/SMES
                              TABLE 126 MLCC MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
           11.8 COMPETITIVE SCENARIO AND TRENDS
                   11.8.1 PRODUCT LAUNCHES
                              TABLE 127 PRODUCT LAUNCHES, AUGUST 2021–JANUARY 2022
                   11.8.2 DEALS
                              TABLE 128 DEALS, JUNE 2020–JULY 2021
                   11.8.3 OTHERS
                              TABLE 129 EXPANSIONS, FEBRUARY 2020 - DECEMBER 2021

      12 COMPANY PROFILES (Page No. - 197)
           12.1 KEY PLAYERS
      (Business Overview, Products/Solutions Offered, Recent Developments, and MnM View)*
                   12.1.1 MURATA
                              TABLE 130 MURATA: BUSINESS OVERVIEW
                              FIGURE 58 MURATA: COMPANY SNAPSHOT
                   12.1.2 SAMSUNG ELECTRO-MECHANICS
                              TABLE 131 SAMSUNG ELECTRO-MECHANICS: BUSINESS OVERVIEW
                              FIGURE 59 SAMSUNG ELECTRO-MECHANICS: COMPANY SNAPSHOT
                   12.1.3 TAIYO YUDEN
                              TABLE 132 TAIYO YUDEN: BUSINESS OVERVIEW
                              FIGURE 60 TAIYO YUDEN: COMPANY SNAPSHOT
                   12.1.4 YAGEO
                              TABLE 133 YAGEO: BUSINESS OVERVIEW
                              FIGURE 61 YAGEO: COMPANY SNAPSHOT
                   12.1.5 WALSIN TECHNOLOGY (PSA)
                              TABLE 134 WALSIN TECHNOLOGY: BUSINESS OVERVIEW
                              FIGURE 62 WALSIN TECHNOLOGY: COMPANY SNAPSHOT
                   12.1.6 KYOCERA
                              TABLE 135 KYOCERA: BUSINESS OVERVIEW
                              FIGURE 63 KYOCERA: COMPANY SNAPSHOT
                   12.1.7 TDK
                              TABLE 136 TDK: BUSINESS OVERVIEW
                              FIGURE 64 TDK: COMPANY SNAPSHOT
                   12.1.8 VISHAY INTERTECHNOLOGY
                              TABLE 137 VISHAY INTERTECHNOLOGY: BUSINESS OVERVIEW
                              FIGURE 65 VISHAY INTERTECHNOLOGY: COMPANY SNAPSHOT
                   12.1.9 NIPPON CHEMI-CON
                              TABLE 138 NIPPON CHEMI-CON: BUSINESS OVERVIEW
                              FIGURE 66 NIPPON CHEMI-CON: COMPANY SNAPSHOT
                   12.1.10 DARFON ELECTRONICS
                              TABLE 139 DARFON ELECTRONICS: BUSINESS OVERVIEW
                              FIGURE 67 DARFON ELECTRONICS: COMPANY SNAPSHOT
           12.2 OTHER KEY PLAYERS
                   12.2.1 SAMWHA CAPACITOR GROUP
                   12.2.2 MARUWA
                   12.2.3 HOLY STONE ENTERPRISE
                   12.2.4 EYANG TECHNOLOGY DEVELOPMENT
                   12.2.5 FUJIAN TORCH ELECTRON TECHNOLOGY
                   12.2.6 KNOWLES
                   12.2.7 WÜRTH ELEKTRONIK GROUP
                   12.2.8 NIC COMPONENTS
                   12.2.9 JOHANSON DIELECTRICS
                   12.2.10 EXXELIA
                   12.2.11 VIKING TECH
                   12.2.12 CALRAMIC TECHNOLOGIES
                   12.2.13 KINGTRONICS KT
                   12.2.14 SEMEC
                   12.2.15 SHANGHAI YONGMING ELECTRONIC (YMIN)
      * Business Overview, Products/Solutions Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.

      13 ADJACENT AND RELATED MARKET (Page No. - 259)
           13.1 SUPERCAPACITOR MARKET
           13.2 INTRODUCTION
                   FIGURE 68 SUPERCAPACITOR MARKET, BY ELECTRODE MATERIAL
                   TABLE 140 SUPERCAPACITOR MARKET, BY ELECTRODE MATERIAL, 2017–2025 (USD MILLION)
                   FIGURE 69 CARBON-BASED SUPERCAPACITORS SEGMENT TO HOLD LARGEST SIZE OF MARKET FROM 2020 TO 2025
           13.3 CARBON-BASED SUPERCAPACITORS
                   13.3.1 PREFERENCE OF CARBON AS ELECTRODE MATERIAL FOR USE IN SUPERCAPACITORS
                              13.3.1.1 Activated carbon
                              13.3.1.2 Carbon nanotubes (CNT)
                              13.3.1.3 Graphene
                              13.3.1.4 Carbide-derived carbon (CDC)
                              13.3.1.5 Carbon aerogels
           13.4 METAL OXIDE–BASED SUPERCAPACITORS
                   13.4.1 METAL OXIDES OFFER LARGE PSEUDOCAPACITANCE
                              13.4.1.1 Ruthenium oxide
                              13.4.1.2 Nickel oxide
                              13.4.1.3 Manganese oxide
           13.5 CONDUCTING POLYMER–BASED SUPERCAPACITORS
                   13.5.1 USE OF CONDUCTING POLYMERS FOR DEVELOPING HIGH CONDUCTIVITY PSEUDOCAPACITIVE ELECTRODES
                              13.5.1.1 Polyaniline (PANI)
                              13.5.1.2 Polypyrrole
                              13.5.1.3 Polyacene
                              13.5.1.4 Polyacetylene
           13.6 COMPOSITE-BASED SUPERCAPACITORS
                   13.6.1 RISE IN USE OF COMPOSITE ELECTRODES DEVELOPED FROM CARBON-BASED MATERIALS IN HYBRID SUPERCAPACITORS
                              13.6.1.1 Carbon-carbon
                              13.6.1.2 Carbon-metal oxide
                              13.6.1.3 Carbon-conducting polymers

      14 APPENDIX (Page No. - 266)
           14.1 INSIGHTS OF INDUSTRY EXPERTS
           14.2 DISCUSSION GUIDE
           14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
           14.4 AVAILABLE CUSTOMIZATIONS
           14.5 RELATED REPORTS
           14.6 AUTHOR DETAILS

      The research process for this study included the systematic gathering, recording, and analysis of data about customers and companies operating in the multilayer ceramic capacitor (MLCC) market. This research study involved the extensive use of secondary sources, directories, and databases (Factiva, Oanda, and OneSource) for identifying and collecting information useful for the engineering of the MLCC market. In-depth interviews have been conducted with various primary respondents, including experts from core and related industries and preferred manufacturers, to obtain and verify critical qualitative and quantitative information, as well as to assess growth prospects. They have been interviewed to understand the impact of COVID-19 on the MLCC ecosystem. Key players in the MLCC market have been identified through secondary research, and their market rankings have been determined through primary and secondary research. This research included studying annual reports of top players and interviewing key industry experts, such as CEOs, directors, and marketing executives.

      Secondary Research

      In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study on the MLCC market. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles by recognized authors; and directories and databases. Secondary research has been conducted to gather key information regarding the value chain of the MLCC market, the number of key players, market classification and segmentation according to industry trends to the bottom-most level, geographic markets, and key developments from market- and technology-oriented perspectives.

      After the complete market engineering process (which included calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research has been conducted to gather information and verify and validate the critical numbers obtained.

      Primary research has been conducted to identify segmentation types, industry trends, and key players in the market, as well as to analyze the competitive landscape, key market dynamics such as drivers, restraints, challenges, and opportunities, and key strategies adopted by the market players. In the complete market engineering process, both top-down and bottom-up approaches have been extensively used, along with several data triangulation methods, to estimate and forecast the sizes of the market and its segments and subsegments listed in this report. Extensive qualitative and quantitative analyses have been conducted on the complete market engineering process to list the key information/insights. The data gathered through secondary research has been also verified and validated through primary interviews. The figure below illustrates the way primary and secondary research has been conducted for gathering and analyzing the data collected for the MLCC market.

      Primary Research

      Extensive primary research has been conducted after obtaining information about the MLCC market through secondary research. Several primary interviews have been conducted with market experts from the demand and supply sides across four major regions—the Americas, Europe, APAC, and RoW. Approximately 60% and 40% of the primary interviews have been conducted with parties from the demand and supply sides, respectively. This primary data has been collected through questionnaires, e-mails, and telephonic interviews.

      Rotator Cuff Injury Treatment  Market Size, and Share

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      Market Size Estimation

      In the complete market engineering process, both top-down and bottom-up approaches have been used, along with several data triangulation methods, to estimate and forecast the size of the market and its segments and subsegments listed in the report. Extensive qualitative and quantitative analyses have been carried out on the complete market engineering process to list the key information/insights pertaining to the MLCC market.

      The key players in the market have been identified through secondary research, and their rankings in the respective regions have been determined through primary and secondary research. This entire procedure involved the study of the annual and financial reports of top players, as well as interviews with industry experts such as chief executive officers, vice presidents, directors, and marketing executives for both quantitative and qualitative key insights. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and enhanced with detailed inputs and analysis from MarketsandMarkets and presented in this report.

      MLCC Market: Bottom-Up Approach

      Rotator Cuff Injury Treatment  Market Size, and Share

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      Market Breakdown and Data Triangulation

      After arriving at the overall size of the MLCC market from the estimation process explained above, the total market has been split into several segments and subsegments. The market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying numerous factors and trends from the demand and supply sides. Along with this, the market size has been validated using both the top-down and bottom-up approaches.

      Report Objectives

      • To define, describe, and forecast the multilayer ceramic capacitor (MLCC) market size, by dielectric type, rated voltage, and end-user industry, in terms of value
      • To describe and forecast the size of the MLCC market across 4 regions, namely, North America, Europe, Asia Pacific, and the Rest of the World, along with their respective country-level market sizes
      • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the market growth
      • To provide a detailed overview of the process flow of the MLCC market
      • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market size
      • To study the complete value chain of the MLCC market
      • To provide a detailed analysis of the impact of the COVID-19 crisis on the MLCC market, its segments, and market players
      • To analyze opportunities for stakeholders by identifying high-growth segments of the MLCC market
      • To strategically profile the key players and comprehensively analyze their market positions in terms of their ranking and core competencies2
      • To analyze competitive developments, such as product launches, deals (mergers, acquisitions, joint ventures, and investments), and others (expansions), in the MLCC market

      1. Micromarkets are defined as the further segments and subsegments of the optical sorter market included in the report.
      2. Core competencies of companies are captured in terms of their key developments and strategies adopted by them to sustain their position in the market.

      Available Customizations

      With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

      Product Analysis

      • Product matrix that gives a detailed comparison of the product portfolio of each company

      Company Information

      • Detailed analysis and profiling of 25 market players
      Report Code
      SE 1844
      Published ON
      Apr, 2022
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