In 2021, the multi-layer ceramic capacitor market was worth around USD 12.2 billion, and it is projected to advance at a 12.3% CAGR from 2022 to 2030, hitting USD 34.6 billion by 2030, according to P&S Intelligence.

On the basis of capacitor type, the General capacitors category had the largest market share in the past few years, and it is projected to advance at a significant CAGR, of 12.3%, in the coming few years. This is mainly because General capacitors are the most extensively utilized kind of capacitors in the industry.

Additionally, due to the growing requirement for these capacitors in applications including, cellular phones, DC-DC converters, memory modules, gaming machines, and televisions, these are regularly utilized. Similarly, universal capacitors help in reducing sound from electronic circuits, and their compact size enables easy installation in electronic equipment.

The automotive category is the highest-revenue generator in the market, accounting for $4.8 billion in revenue in 2021, which is projected to grow at a CAGR of around 12.4% during the forecast period. Some of the major factors driving the demand for MLCCs in the automotive

In 2021, the automotive category generated the highest revenue in the multi-layer ceramic capacitor market, of USD 4.8 billion, and is projected to develop at a CAGR of approximately 12.4% in the coming few years.

Some of the main reasons boosting the demand for MLCCs in the automotive sector are the growing acceptance of EVs and autonomous vehicle technologies, government guidelines for compulsory ADAS systems, and the increasing execution of smart technologies for automotive engineering.

The X7R dielectric type held the largest industry share, of approximately 30.1%, in 2021, because X7R capacitors are temperature stable and functional at very high temperatures.

Furthermore, ceramic dielectric capacitors of this type are very much suitable for frequency-discriminating circuits, and also decoupling and bypass applications. Such dielectric MLCCs are also used for cleaning and transient voltage suppression. Thus, these reasons are boosting the multi-layer ceramic capacitor industry demand in this category.

In 2021, APAC dominated the industry, with a revenue of USD 5.1 billion, and projected to continue with the dominance in the future as well, growing at the highest CAGR of 13.0%. This can be credited to the growing utilization of MLCC-based electronic workings and renewable energy items in the automobile industry across the region.

This is also because of the rising demand for MLCCs from end-use industries, as a result of their better capacitance levels and reduction of capacitors.

Hence, the main drivers of the multi-layer ceramic capacitor industry such as the significant development in the automotive and electronics sectors, quick digitization, and the introduction of technologies like AI, IoT, and cloud.