The future of the multilayer ceramic capacitor (MLCC) market looks promising with opportunities in the computer, telecom, consumer, automotive, and industrial sectors. The multilayer ceramic capacitor market is expected to reach an estimated $12.2 billion by 2024 with a CAGR of 4.5% from 2019 to 2024. The major drivers for this market are increasing demand for consumer electronic products, growing demand for premium smart phones, and increasing production of electric vehicles.

An emerging trend, which has a direct impact on the dynamics of the multilayer ceramic capacitor industry, includes development of ultra-small case size capacitors for portable electronic devices.

 
The low voltage multilayer ceramic capacitors will remain the largest segment over the forecast period due to its wide application area and growing demand for the consumer electronics market.

Within the multilayer ceramic capacitor market, telecom will remain the largest end use market due to the increasing use of MLCC in premium smart phones. The analyst predicts that automotive is expected to witness the highest growth over the forecast period due to growth in electric vehicles and increasing demand for advanced driver-assistance systems (ADAS) in automotive industry.

Asia Pacific is expected to remain the largest market by value and volume and it is also expected to witness the highest growth over the forecast period due to the increasing electronic content in automotive and growth in consumer electronic devices & telecommunication products. Increasing use of electric vehicles due to growing environmental concerns and regulations is also expected to drive the demand for MLCC in this region.

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