Multilayer Ceramic Capacitor Market

Market Definition

The market focuses on the production and distribution of passive electronic components designed to store and regulate electrical energy. It encompasses various types of multilayer ceramic capacitors based on dielectric classification, voltage ratings, and configurations. The report presents an overview of primary growth drivers, supported by regional analysis and regulatory frameworks expected to impact market development over the forecast period.

Multilayer Ceramic Capacitor Market Overview

The global multilayer ceramic capacitor market size was valued at USD 15.9 billion in 2024 and is projected to grow from USD 16.72 billion in 2025 to USD 25.33 billion by 2032, exhibiting a CAGR of 6.11% during the forecast period. 

This growth is attributed to the rising demand for compact and high-performance electronic components across various industries, including consumer electronics, automotive, and telecommunications, supported by trends such as device miniaturization, electric mobility, and 5G deployment. 

Growing utilization of multilayer ceramic capacitors in advanced automotive systems, including electric powertrains, advanced driver-assistance systems (ADAS), and infotainment platforms, along with their critical role in smartphones, laptops, and IoT devices, are fueling market growth.

Major companies operating in the multilayer ceramic capacitor industry are SAMSUNG ELECTRO-MECHANICS, Shenzhen EYANG Technology Development Co., Ltd, TAIYO YUDEN CO., LTD., Würth Elektronik eiSos GmbH & Co. KG, KEMET Corporation, Murata Manufacturing Co., Ltd, KYOCERA AVX Components Corporation, Fujian Torch Electron Technology Co., Ltd, MARUWA Co., Ltd., Exxelia.com, Nippon Chemi-Con Corporation, FengHua, Holy Stone International, Vishay Intertechnology, Inc., and samwha Capacitor Group.

Continuous innovations in high-capacitance and high-temperature ceramic materials, coupled with improvements in manufacturing processes, are accelerating market growth. Additionally, increasing investments in research and development, the proliferation of smart devices, and the expansion of high-speed communication infrastructure are supporting this expansion.

• In May 2023, Murata launched the EVA series of safety-certified multilayer ceramic capacitors for electric vehicles. These compact, high-reliability capacitors meet stringent 800V isolation standards and are ideal for EV powertrain components such as chargers and battery management systems.

Key Highlights

1. The multilayer ceramic capacitor industry size was valued at USD 15.9 billion in 2024.
2. The market is projected to grow at a CAGR of 6.11% from 2025 to 2032.
3. Asia-Pacific held a market share of 45.54% in 2024, with a valuation of USD 7.23 billion.
4. The general capacitor segment garnered USD 6.38 billion in revenue in 2024.
5. The low range (Up to 50 V) segment is expected to reach USD 13.45 billion by 2032.
6. The 0603-1206 inches’ segment is anticipated to witness the fastest CAGR of 6.29% over the forecast period.
7. The X7R segment garnered USD 6.22 billion in revenue in 2024.
8. The electronics segment is expected to reach USD 12.86 billion by 2032.
9. North America is anticipated to grow at a CAGR of 6.34% over the forecast period.

Market Driver

Rising Demand for Miniaturized and High-Performance Components

The multilayer ceramic capacitor market is expanding steadily, fueled by the rising demand for miniaturized and high performance electronic components across consumer electronics, automotive, and industrial applications. As electronic devices become more compact and multifunctional, manufacturers are increasingly integrating components that offer high reliability, thermal stability, and space efficiency, thereby boosting the adoption of multilayer ceramic capacitors. 

Their ability to deliver high capacitance in a small footprint makes them essential for smartphones, electric vehicles, and precision industrial equipment. Moreover, advancements in electronic designs, coupled with the increasing production of smart devices and electric mobility solutions, are expected to further accelerate the demand for multilayer ceramic capacitors in the coming years.

• In September 2024, Murata Manufacturing developed the world’s smallest multilayer ceramic capacitor, measuring 0.16 mm x 0.08 mm (006003-inch size). This breakthrough addresses the demand for ultra-compact components in space-constrained devices such as smartphones and wearables, enabling higher component density and improved functionality.

Market Challenge

Short Product Lifecycles in Consumer Electronics

Short product lifecycles in consumer electronics pose a significant challenge to the expansion of the multilayer ceramic capacitor market, as manufacturers must rapidly adapt to changing device specifications and technological advancements. 

Rapid product development is essential to meet launch timelines while mitigating risks related to fluctuating demand and inventory obsolescence. This challenge is further compounded by unpredictable consumer preferences and the ongoing demand for innovation in form factor, performance, and functionality.

To address this issue, manufacturers are adopting agile production processes and flexible manufacturing techniques to respond quickly to market shifts. Collaboration with original equipment manufacturers (OEMs) improves demand forecasting and alignment with product development cycles. 

Additionally, standardized capacitor platforms and modular designs facilitate quicker customization and reduce time-to-market. Investments in digital tools improve supply chain visibility and real-time production monitoring, allowing capacitor suppliers to better manage inventory and reduce waste. These strategies help capacitor suppliers meet the demands of rapidly evolving consumer electronics markets while maintaining cost efficiency and product quality.

Market Trend

Expansion of Automotive and Electric Vehicle Applications

The expansion of automotive and electric vehicle applications is propelling the growth of the multilayer ceramic capacitor market by increasing demand for high-performance, reliable electronic components. Modern electric vehicles and advanced driver-assistance systems (ADAS) require capacitors that can withstand harsh operating conditions while supporting compact and efficient electronic designs. 

These capacitors are essential for powertrain management, battery systems, infotainment, and safety features, providing stable capacitance and durability needed for automotive environments. Integration with vehicle control systems and sensors further demands capacitors with enhanced electrical properties and robustness to ensure consistent performance. 

As the automotive industry shifts toward electrification and autonomous technologies, the adoption of multilayer ceramic capacitors is becoming essential in supporting cleaner, smarter, and more connected transportation solutions, thereby accelerating innovation and market expansion.

• In February 2025, Samsung Electro-Mechanics launched the world’s first multilayer ceramic capacitor designed specifically for LiDAR in autonomous vehicles. The 2.2µF, 10V capacitor, in a compact 1005 size, offers a 60% higher voltage rating than previous models and meets automotive AEC-Q200 reliability standards. This innovation ensures stable power supply and precise signal transmission, critical for LiDAR systems, thereby supporting the growing electric and autonomous vehicle markets.

Multilayer Ceramic Capacitor Market Report Snapshot

Segmentation	Details
By Type	General Capacitor, Array, Serial Construction, Mega Cap, and Others
By Rated Voltage Range	Low Range (Up to 50 V), Mid-range (100 V - 630 V), High Range (1000 V & above)
By Case Size	Less than 0603 Inches, 0603-1206 Inches, More than 1206 Inches
By Dielectric Type	X7R, X5R, C0G, Y5V, Others
By End-use	Electronics, Automotive, Industrial, Telecommunication, Data Transmission, and Others
By Region	North America: U.S., Canada, Mexico
	Europe: France, UK, Spain, Germany, Italy, Russia, Rest of Europe
	Asia-Pacific: China, Japan, India, Australia, ASEAN, South Korea, Rest of Asia-Pacific
	Middle East & Africa: Turkey, U.A.E, Saudi Arabia, South Africa, Rest of Middle East & Africa
	South America: Brazil, Argentina, Rest of South America

Market Segmentation

• By Type (General Capacitor, Array, Serial Construction, Mega Cap, and Others): The general capacitor segment earned USD 15.9 billion in 2024 due to its widespread use across consumer electronics and automotive applications requiring reliable, high-performance components.
• By Rated Voltage Range (Low Range (Up to 50 V), Mid-range (100 V - 630 V), and High Range (1000 V & above)): The low range (Up to 50 V) segment held a share of 54.71% in 2024, propelled by its extensive application in compact consumer electronics and low-power devices requiring efficient and cost-effective capacitors.
• By Case Size (Less than 0603 Inches, 0603-1206 Inches, and More than 1206 Inches): The 0603-1206 inches segment is projected to reach USD 15.23 billion by 2032, owing to its optimal balance of miniaturization and performance, making it highly suitable for a wide range of consumer electronics and automotive applications.
• By Dielectric Type (X7R, X5R, C0G, Y5V, and Others): The X5R segment is anticipated to grow at a CAGR of 6.65% over the forecast period, fostered by its balanced capacitance stability, temperature tolerance, and cost-effectiveness, making it ideal for a wide range of electronic applications.
• By End-use (Electronics, Automotive, Industrial, Telecommunication, Data Transmission, and Others): The electronics segment earned USD 7.85 billion in 2024, fueled by the growth of consumer electronics such as smartphones, laptops, and wearable devices, which demand compact and reliable capacitors for enhanced performance.

Multilayer Ceramic Capacitor Market Regional Analysis

Based on region, the market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The Asia-Pacific multilayer ceramic capacitor market share stood at around 45.54% in 2024, valued at USD 7.23 billion. This dominance is reinforced by its role as a global electronics manufacturing hub, a strong automotive industry, and significant investments in electric vehicle technology. 

Furthermore, rapid industrialization, the growing adoption of consumer electronics, and expanding telecommunications infrastructure such as 5G networks are propelling domestic market growth. The region's supportive government policies and strong supply chain capabilities bolster its dominance. Additionally, ongoing research and development activities aimed at improving capacitor performance and miniaturization support regional market development.

• In April 2025, Japan-based TDK Corporation introduced a new automotive-grade multilayer ceramic capacitor that delivers the industry's highest capacitance at 100V in a compact 3225 case size. Designed primarily for electric vehicles, this capacitor supports high voltage handling in limited space, enabling more efficient and compact electronic systems.

The North America multilayer ceramic capacitor industry is estimated to grow at a CAGR of 6.34% over the forecast period. This growth is propelled by rising demand from the automotive industry, particularly due to the increasing adoption of electric vehicles and advanced driver-assistance systems. 

The rapid growth of data centers and increasing demand for high-speed connectivity are intensifying the need for capacitors with superior electrical performance and reliability. Government support for innovation and investments in research and development are fostering advancements in capacitor technology, enhancing reliability and miniaturization. 

Furthermore, the growing emphasis on industrial automation and smart device integration is accelerating the utilization of multilayer ceramic capacitors across various sectors.

• In March 2025, U.S.-based KYOCERA AVX introduced the world’s first 47µF multilayer ceramic chip capacitor in the compact 0402 size, delivering more than double the capacitance of earlier models. Targeted at space-constrained applications such as smartphones and AI servers, mass production is set for December 2025.

Regulatory Frameworks

• Internationally, the International Electrotechnical Commission (IEC) 60384-14:2023 standard outlines safety, performance, and testing requirements for multilayer ceramic capacitors (MLCCs) and other fixed capacitors used with AC voltages up to 1,000 volts and DC voltages up to 1,500 volts.
• In the European Union, the RoHS Directive (EU) 2015/863 mandates restrictions on hazardous substances such as lead, mercury, cadmium, and certain phthalates in multilayer ceramic capacitors to ensure environmental safety. Compliance is mandatory for all multilayer ceramic capacitors sold in the EU market.

Competitive Landscape

Key players in the multilayer ceramic capacitor industry are prioritizing strategies such as technological innovation, product miniaturization, and the development of high-performance materials to meet the growing demands of diverse applications across automotive, consumer electronics, and telecommunications sectors. 

Companies are heavily investing in research and development to enhance capacitor reliability, capacitance density, and thermal stability while ensuring compliance with rigorous industry standards. 

Additionally, strategic collaborations with original equipment manufacturers, along with mergers and acquisitions, are being utilized to strengthen market presence, expand product portfolios, and address evolving customer needs in both industrial and consumer markets.

• In April 2023, Kyocera Corporation introduced a 10 µF multilayer ceramic capacitor in the compact 0201 size, offering twice the capacitance of previous models. This advancement enables more compact and efficient designs for smartphones and wearable devices.

List of Key Companies in Multilayer Ceramic Capacitor Market:

• SAMSUNG ELECTRO-MECHANICS
• Shenzhen EYANG Technology Development Co., Ltd
• TAIYO YUDEN CO., LTD.
• Würth Elektronik eiSos GmbH & Co. KG,
• KEMET Corporation
• Murata Manufacturing Co., Ltd
• KYOCERA AVX Components Corporation
• Fujian Torch Electron Technology Co., Ltd
• MARUWA Co., Ltd.
• Exxelia.com
• Nippon Chemi-Con Corporation
• FengHua
• Holy Stone International
• Vishay Intertechnology, Inc.
• samwha Capacitor Group

Recent Developments (Product Launch)

• In January 2025, TDK Corporation launched a 10 nF multilayer ceramic capacitor with a 1,250 V in a compact 3225 size, offering the highest capacitance in its class. Engineered for high-voltage automotive systems, it supports compact circuit layouts and enhances efficiency by minimizing the number of required components.
• In July 2024, Murata Manufacturing launched the world’s first multilayer ceramic capacitor with 100μF capacitance in a 0603-inch size. Designed for high-density applications such as servers and data centers, it enables space-saving circuit designs while maintaining stable performance and low resistance.