Market Trends of high voltage mlcc Industry
Rise in technological advancements in vehicles is expected to boost passenger vehicles
- Passenger cars are among the most common modes of transportation in developed countries. MLCCs are essential components for the proper and stable operation of the various electrical and electronic circuits utilized in cars. A large number of components are used, and even the typical engine-driven vehicle that does not have an automated driving feature uses approximately 3,000 MLCCs. MLCCs are used in passenger vehicles for airbags, anti-lock brake systems, tire pressures, light sensors, lamp/LED drivers, car alarms, dashboard systems, fuel pumps, water pumps, gearbox sensors, temperature sensors, etc.
- Passenger vehicle shipments are expected to grow from 61.59 million units in 2022 to 110.5 million units in 2030, registering a CAGR of 7.58% during the forecast period (2023-2030).
- Passenger vehicle sales are increasing due to the rising standard of living in emerging countries and the surge in the middle-income group population. Consumers are also inclined toward these vehicles owing to the availability of economic options in these vehicles. The rise in technological advancements, ADAS, and connected vehicles is propelling the sales of passenger vehicles. The demand for fuel-based passenger vehicles is slowly reducing as a result of changing government policies concerning CO2 emissions. Governments across the regions are focusing on reducing greenhouse gas (GHG) emissions by 2030 and achieving net-zero emissions by 2050. Companies are focusing on introducing hybrid and electric cars to cater to such demands.
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Increasing awareness of electric bikes is expected to surge the demand for MLCCs
- One of the primary applications of MLCC in two-wheeler vehicles is power filtering and decoupling. MLCCs are also used to suppress EMI (electromagnetic interference) in two-wheeler vehicles. They are placed near the electronic circuits to prevent interference from other electronic components, such as spark plugs and alternators. Overall, MLCCs play a crucial role in ensuring the proper functioning of electronic systems in two-wheeler vehicles, and their use is essential for the reliable and efficient operation of the vehicle.
- The two-wheeler vehicle shipments are expected to grow from 54.85 million units in 2022 to 81.05 million units in 2030, registering a CAGR of 5% during the forecast period (2023-2030). The COVID-19 pandemic halted the market through a series of waves. However, the demand for two-wheelers increased in 2021 for recreational purposes and proved more resilient. With affordability being key in low- and medium-income regions, two-wheelers have a better market share in terms of numbers than four-wheelers.
- Technology developments, vehicle safety advancements, the introduction of driver-assist systems in motorcycles, and rising logistics in the retail and e-commerce sectors have all played a vital role in propelling the production and sales of two-wheelers. Governments of various countries are taking initiatives to increase awareness of electric bikes, which helps reduce the carbon footprint. For instance, in 2021, India extended its primary EV demand stimulating FAME II policy to 2024. It also increased subsidies for electric two-wheelers and made budgetary commitments for battery swapping policies and developing EV manufacturing and battery supply capacity.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Uncertainties in the global economy and disruptions within the supply chain are impeding copper prices
- Worsening financial conditions and policy tightening stagnate oil prices
- The weakening dollar index from its high levels led to a decrease in silver prices
- The ongoing trend of miniaturization is propelling the demand
- The increasing popularity of portable and connected devices contributes to the demand
- 0 603 MLCC lead times displayed stability with a slight fluctuation
- 0 603 MLCC - HI VOLT lead times show variability
- 0805 MLCC - HI CV lead times show fluctuations and trends in supply chain dynamics
- 1206 MLCC lead times exhibit stability with occasional fluctuations, fueled by demand in diverse industries
- The growing demand for 1206 MLCC - HI VOLT components drives lead time fluctuations, while proactive supply chain measures ensure timely deliveries
- 1210 to 1825 MLCCs: Empowering compact designs with efficient energy storage
- Factors fueling variations in supply and demand for 2220+ MLCCs
- Supportive government policies for the deployment of public charging infrastructure will promote battery electric vehicle sales
- Infrastructure improvement for hydrogen stations continues to increase sales
- Electric heavy commercial vehicles are expected to have a positive impact on the sales of heavy commercial vehicles
- Development of the e-commerce industry is expected to propel the sales of light commercial vehicles
- Advancements in battery technology are expected to propel PHEV sales
- Increasing demand for laptops is expected to stagnate the market
- The increasing penetration of electric gadgets is driving the sales for HDDs and SSDs
- The transition to digital workflows and virtual collaboration tools is expected to stagnate sales of printers
- Technological advancements and availability of 5G technology are influencing the sales of smartphones
- Increasing digitization to enhance business processes is expected to increase tablet sales
- Supportive government policies for the deployment of public charging infrastructure promote battery EV sales
- Increasing emission norms are expected to boost the demand for HEVs
- Advancements in battery technology are expected to propel PHEV sales
- Nickel prices soar as trading conditions boost volatility
- Stringent environmental regulations spurred a surge in palladium demand
- The relaxation of mining industry regulations is increasing the prices
- 0201 MLCC lead times fluctuate with downward trend, widely used across industries for efficient electronic designs
- 0 402 MLCCs exhibit consistent lead times with balanced supply and demand, fueling efficiency in diverse electronic applications
- 0603 MLCC - HI CV lead times exhibit fluctuations and market dynamics
- 0805 MLCC lead times exhibit a significant decrease
- 0805 MLCC - HI VOLT lead times remain stable with a gradual upward trend, reflecting a consistent supply-demand balance
- 1206 MLCC - HI CV lead times show stability with minor fluctuations, driven by demand and production efficiency improvements
- Stable lead times with minor fluctuations for 1210 to 1825 MLCCs are widely used in diverse industries
- 1210+ MLCC - HI VOLT MLCCs: Handling high voltages with stable performance and fluctuating lead times
- 2220+ MLCC - HI CV: Fluctuating lead times and enhanced production efficiencies
- Stringent government regulations increase the penetration of electric vehicles
- Increasing emission norms are expected to surge the demand
- Technological developments, efficiency, and performance boost the demand for ICEVs
- The emergence of global middle-class consumers propels market growth
- The increasing disposable incomes of individuals are expected to encourage the uptake of the market
- Integration of newer technologies like 3D and AR/VR gaming is expected to drive market growth
- The widespread adoption of remote work has fueled the demand for laptops
- The rise in population and urbanization has boosted refrigerator sales
- Increasing health awareness among consumers is boosting the demand for smartwatches
- Digital transformation and rising internet penetration are expected to fuel the sales of televisions
- Infrastructure improvement for hydrogen stations continues to increase sales
- Technological developments, efficiency, and performance are boosting the demand for ICEVs
- PEV quota regulations and CAFE/ZEV regulations are increasing the sales of other electric vehicles
