The Multilayer Ceramic Capacitor Market is Set to Surpass $21.93 Billion by 2030
The Multilayer Ceramic Capacitor Market to Reach $21.93 Billion by 2030
According to the latest report by MarketsandMarkets, the global multilayer ceramic capacitor (MLCC) market is projected to achieve a remarkable value of $21.93 billion by the year 2030. This growth comes from its current valuation of $15.00 billion in 2025, reflecting a significant compound annual growth rate (CAGR) of 7.9% over the forecast period.
Factors Driving Market Growth
The impressive growth of the MLCC market is primarily attributed to the global expansion of 5G networks. The deployment of advanced telecommunications infrastructure, such as small cell networks and sophisticated base stations, necessitates capacitors that perform reliably at high frequencies while conserving board space. As such, MLCCs play a crucial role in signal filtering, energy storage, and decoupling, particularly within RF front-end modules and high-density circuit boards.
Telecom operators and equipment manufacturers are significantly investing in 5G infrastructure, leading to an increased requirement for miniaturized, high-performance, and thermally stable MLCCs. This demand surge positions this segment as a crucial catalyst for the overall market's growth.
MLCC Market Segmentation
The report outlines various segments impacting the MLCC market, including a type, dielectric type, end use, and region. Notably, the general capacitor type retained the largest market share in 2024. These general-purpose MLCCs are favored due to their versatility across various electronic devices, including smartphones, tablets, laptops, and televisions, striking a balance between reliability, performance, and cost-effectiveness. Their broad applicability allows manufacturers to streamline designs and optimize production processes without incurring high costs.
Class III MLCCs are Leading the Charge
While the general capacitor segment dominates, Class III MLCCs are set to see the highest CAGR between 2025 and 2030. Their compact size coupled with the ability to deliver high capacitance makes them increasingly sought-after. This category is particularly favored in the fast-paced development of modern electronics, which require larger energy storage systems and dependable filtering.
Key applications for Class III MLCCs encompass a broad range of devices, from wearables and IoT technologies to automotive electronics.
Regional Insights
In 2024, North America held a significant portion of the MLCC market, largely due to its robust electronics, automotive, aerospace, and industrial sectors. The region's technology landscape is advanced, relying heavily on MLCCs for critical functions such as decoupling and energy storage. The rising adoption of 5G networks and IoT devices further reinforces the demand for these high-quality capacitors.
Competitive Landscape
Key players in the MLCC market include industry giants such as Murata Manufacturing Co., Ltd., SAMSUNG ELECTRO-MECHANICS, YAGEO Group, TAIYO YUDEN CO., LTD., and TDK Corporation. These companies are focused on innovating and improving their offerings to capture a larger share of this burgeoning market.
Conclusion
As the technology landscape evolves, with rising complexity and demand for miniaturization across consumer electronics, the multilayer ceramic capacitor market is expected to keep expanding. The convergence of 5G technology and increasing circuit demands will propel the industry forward, making MLCCs an essential component in future electronic devices.
For more detailed insights and data, you can download the full report from MarketsandMarkets.