Global Multi-layer Ceramic Capacitor Market 2016-2020

Outlook of the global multi-layer ceramic capacitor (MLCC) market

The global market for multi-layer ceramic capacitors (MLCCs) will grow moderately during the forecast period and will post a CAGR of almost 3% by 2020. MLCCs are extensively used in DC-DC converters, which put a load on the components in the form of high frequencies and high levels of electrical noise. Since MLCCs are widely used in the manufacture of electronic devices like consumer appliances, smartphones, tablets, automobiles, and industrial machinery, the launch of upgraded electronic products and an increase in semiconductor components in existing consumer electronics and automotive products will aid in the growth of this market during the estimated period.

Technavio’s market research analyst has estimated eminent factors, such as the miniaturization of electronic devices, to spur the prospects for market growth until the end of the forecast period. Due to the development of the semiconductor technology, the trend of miniaturization of consumer electronic devices is gaining continually traction. Miniaturized MLCCs reduce the space requirements and weight of the devices, and also helps to improve their capacitance. Consequently, MLCC manufacturers have been compelled to focus on the development of lighter, smaller, and higher-capacitance MLCCs as it will help them to retain their market position.

Segmentation by application and analysis of the MLCC market

• Consumer electronics
• Others