MLCC Market - An Overview
The global multi-layer ceramic capacitor (MLCC) market is expected to witness moderate growth during the forecast period between 2021 and 2031.
MLCC are surface-mounted device type of capacitors which provide low-value capacitance. This product aspect has made them a key raw material in the production of electronic devices which are deployed for noise suppression.
MLCC comprises of several layers of ceramic electrodes and contain capacitors, which is separated by an insulating substance.
A key application area for MLCC is in the consumer electronics industry, in the production of different products such as mobile phones, DVDs, PCs, and hard disks. Aside from consumer electronics, some of the other application areas include healthcare, manufacturing, and automotive.
MLCC Market - Trends and Opportunities
Rising advancements in the automotive industry in leading economies globally is the key growth driver for the overall MLCC market.
Also, increasing MLCC demand from the electronics industry for high specification purposes is expected to create significant revenue-generating opportunities for leading MLCC market players, in the years to come.
In addition to this, rising smartphones demand among different population sections is anticipated to fuel the growth in global MLCC market, in the coming years.
Other factors such as cost-effective nature of the product could bolster the MLCC demand, in future.
Automotive application segment is expected to make the largest contribution, in terms of revenue, to the overall MLCC market because of increasing demand in the production of powertrains, infotainment devices, and vehicle frames.
MLCC Market - Competitive Landscape
The global MLCC market is extremely competitive, with the presence of several well-established market players, many of whom are expected to account for a large share in the overall market, in future.
Prominent MLCC market players are anticipated to engage in growth strategies such as new product launches, which could provide them a competitive edge over other players.
Launch of novel products could also provide the leading MLCC market players help create new revenue-generating opportunities, in future.
KEMET, part of the Yageo Group, launched three new hybrid aluminum polymer capacitors series, in January 2021, named A780, PHA225, and PHH225. These capacitors, all AEC-Q200 qualified, have proven to provide a combination of polymer technology and electrolytic material in a hybrid design, making the product a suitable use in different industrial and automotive applications.
R&D undertakings to produce improved quality of products could be a key growth strategy for prominent market players, in years to come.
Well-established MLCC market players could collaborate with smaller players in a bid to expand their market presence and increase their revenue shares.
The smaller market players will seek funding from private investors, which could help them in their long-term growth.
Some of the leading players in the global MLCC market include TDK Corporation, Yageo Corporation, Murata Manufacturing Co. Ltd., Samsung Electro-Mechanics Co. Ltd., and Taiyo Yuden Co. Ltd.
MLCC Market - Regional Assessment
Asia Pacific is expected to offer maximum revenue-generating opportunities for the global MLCC market because of increased presence of electronic product manufacturers in countries such as South Korea and Japan.
Leading market players could establish research and development centers in Asia Pacific countries, owing to ease of availability of key resources such as land and labor.
Europe is anticipated to witness significant growth in the overall MLCC market because of increased product demand from the automotive industry in countries such as UK and Germany, contributing to market growth in the region.
North America is projected to witness moderate growth in the global market because of fewer presence of prominent market players in countries such as US and Canada.
Other regions of the world such as Middle East and Africa and Latin America are expected to witness sluggish growth in the overall MLCC market, in the years ahead.
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