Multi-Layer Ceramic Capacitor Market Size, Share, Growth Analysis, By Rated Voltage Range(Low Range (Up to 50V), Mid-Range (100V to 630V), and High Range (1000V & above)), By Type(General Capacitor, Array, Serial Construction, Mega Cap), By Dielectric Type(X7R, X5R, C0G, Y5V), By End-Use(Electronics, Automotive, Industrial, Telecommunication), By Region - Industry Forecast 2024-2031

Asia Pacific registered a growth of USD 3.7 billion in 2021 this is due to be a key manufacturing hub for electronic devices. Asia Pacific is expected to hold the largest share in the MULTI-LAYER CERAMIC CAPACITOR market during the forecast period. China's EV market alone grew by 155% from 2020 to 2021, according to the Electric Vehicle World Sale Database (ev-volumes.com). The number of MULTI-LAYER CERAMIC CAPACITORs used per vehicle in the Asia Pacific The number is also expected to increase at a higher rate. The commercial deployment of 5G communication technology has increased the demand for high performance and high reliability MULTI-LAYER CERAMIC CAPACITORs. A second wave of 5G network deployments has begun in the Asia-Pacific region, with significant 5G-related activity taking place in a number of new markets such as India, Indonesia and Malaysia. According to the Global System for Mobile Communications Association (GSMA), there will be about 456 million 5G subscribers by 2025, 14% of the total subscribers in the region.

The European market is expected to account for a large share of global market sales due to the strong presence of automakers in the region. MULTI-LAYER CERAMIC CAPACITORs are widely used in the automotive industry due to their wide range of working voltages, capacitance values ​​and case sizes. A number of his MULTI-LAYER CERAMIC CAPACITOR manufacturers have developed and manufactured his MULTI-LAYER CERAMIC CAPACITORs for automotive applications, thereby promoting their acceptance in automotive MULTI-LAYER CERAMIC CAPACITORs.