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Mid Voltage MLCC Market Size

The Mid Voltage MLCC Market is projected to experience significant growth, driven by the increasing demand for miniaturized components in consumer electronics, telecom, and medical devices. The market's expansion is particularly notable in the Asia-Pacific region, which holds a substantial share due to emerging economies and rising consumer spending. The proliferation of 5G networks and the demand for premium smartphones are key factors contributing to the market's growth, as they necessitate smaller, more efficient MLCCs. Additionally, the automotive industry's shift towards electric vehicles in Europe further fuels the demand for these components, highlighting the diverse applications and opportunities within the market.

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Market Size of mid voltage mlcc Industry

Mid Voltage MLCC Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 5.29 Billion
svg icon Market Size (2029) USD 14.04 Billion
svg icon Largest Share by Case Size 0 201
svg icon CAGR (2024 - 2029) 21.55 %
svg icon Largest Share by Region Asia-Pacific
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Mid Voltage MLCC Market Analysis

The Mid Voltage MLCC Market size is estimated at 5.29 billion USD in 2024, and is expected to reach 14.04 billion USD by 2029, growing at a CAGR of 21.55% during the forecast period (2024-2029).

5.29 Billion

Market Size in 2024 (USD)

14.04 Billion

Market Size in 2029 (USD)

16.42 %

CAGR (2017-2023)

21.55 %

CAGR (2024-2029)

Largest Segment by Case Size

31.57 %

value share, 0 201, 2023

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The current miniaturization trend in consumer electronics, including smartphones, and the development of technology like 5G are driving the demand for 0201 MLCCs.

Largest Segment by Capacitance

47.57 %

value share, Low-Range Capacitance, 2023

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The growth of low-range capacitance MLCCs is due to the increasing emphasis on the development of advanced medical devices and the proliferation of product launches.

Largest Segment by Mounting Type

47.57 %

value share, Surface Mount, 2023

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The automotive sector is steadily transitioning toward the autonomous era due to favorable government strategies, which may boost the demand for surface-mount MLCCs.

Fastest Segment by End-user

22.81 %

Projected CAGR, Industrial, 2024-2029

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Continuous advancements to meet the evolving requirements of automation applications have increased the demand for industrial robots. Car manufacturers have started using automated robotic systems for the high-volume production of vehicles.

Largest Segment by Region

46.47 %

value share, Asia-Pacific, 2023

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Industries in Asia-Pacific countries like China, India, South Korea, and Japan are boosting automation, robotics, and AI. IoT solutions are also being utilized to improve operational efficiency, increase productivity, and gain an advantage over competitors.

The increasing youth population's reliance on smartphones and increasing deployment of 5G networks are driving the demand

  • 0 201 consumer electronics emerged as the frontrunner, capturing the largest market share of 31.57%, followed closely by 0 402 with 20.77% and 1 210 with 20.57% in terms of volume in 2022.
  • The case size of 0 201 is among the most compact available, thus increasing the component density of the circuit board. These MLCCs are widely used in consumer electronics, telecom, and medical devices. For instance, telecom operators like Ofcom, EE, Vodafone, Three, and O2 plan to provide 5G coverage to the entire UK population. EE aimed to achieve this by early 2023 and plans to offer 5G nationwide by 2028. Vodafone had 5G available in 141 locations across the United Kingdom as of March 2022. The demand for 0201 MLCCs is increasing as the introduction of 5G networks offers high data speeds and low latency, enabling users to enjoy high-quality multimedia content on their smartphones. 5G, streaming 4 K and 8 K videos, virtual reality (VR), and augmented reality (AR) applications have become more accessible and enjoyable on 5G-enabled smartphones.
  • South Korea is still a major player in the smartphone industry. In the realm of consumer electronics like smartphones, the 0 402-case size MLCC is a widely used component. Schoolkids in South Korea are getting more addicted to their phones. For instance, in 2021, almost all South Korean teenagers used smartphones. Around 50% of kids aged 10-19 were addicted to smartphones. Smartphones are getting smaller and sleeker, with more features, so there is a growing need for smaller electronic components like 0 402 MLCC.
Global Mid Voltage MLCC Market

The increasing usage of consumer electronics like 5G-enabled smartphones and rapid technological advancements in the automotive sector are driving the MLCC demand

  • Asia-Pacific emerged as the frontrunner, capturing the largest market share of 43.00%, followed by North America, with 23.57%, and Europe, with 22.80%, in terms of volume in 2022.
  • Asia-Pacific encompasses several emerging economies characterized by lower consumer electronics ownership rates. This factor, coupled with a rising trend of consumer spending, presents substantial growth opportunities in the market. The increasing demand for premium smartphones priced over USD 400 in India is closely tied to the expansion of the 5G network. As 5G smartphones continue to evolve with new features and functionalities, there is a growing need for miniaturized MLCCs to cater to the diverse requirements of these devices. The compact design goals of 5G smartphones further drive the demand for miniaturized MLCCs as they enable the seamless integration of 5G capabilities within the limited space of a smartphone chassis.
  • In Europe, the German automotive industry is one of the biggest contributors to the country's economic growth. As a result, the demand for X7R MLCCs is on the rise. An engine-powered vehicle without an automatic driving feature typically needs around 3,000 MLCCs, whereas an electric vehicle (EV) typically requires 8,000-10,000 MLCCs. The current state of the automotive industry can be seen in the rapid technological development that is taking place in Germany. Additionally, the German government's regulations, incentives, and discounts, as well as the growing awareness of e-mobility, are encouraging consumers to purchase electric vehicles.

Mid Voltage MLCC Industry Segmentation

Class 1, Class 2 are covered as segments by Dielectric Type. 0 201, 0 402, 0 603, 1 005, 1 206, Others are covered as segments by Case Size. High-Range Capacitance, Low-Range Capacitance, Mid-Range Capacitance are covered as segments by Capacitance. Metal Cap, Radial Lead, Surface Mount are covered as segments by Mlcc Mounting Type. Aerospace and Defence, Automotive, Consumer Electronics, Industrial, Medical Devices, Power and Utilities, Telecommunication, Others are covered as segments by End User. Asia-Pacific, Europe, North America are covered as segments by Region.

  • 0 201 consumer electronics emerged as the frontrunner, capturing the largest market share of 31.57%, followed closely by 0 402 with 20.77% and 1 210 with 20.57% in terms of volume in 2022.
  • The case size of 0 201 is among the most compact available, thus increasing the component density of the circuit board. These MLCCs are widely used in consumer electronics, telecom, and medical devices. For instance, telecom operators like Ofcom, EE, Vodafone, Three, and O2 plan to provide 5G coverage to the entire UK population. EE aimed to achieve this by early 2023 and plans to offer 5G nationwide by 2028. Vodafone had 5G available in 141 locations across the United Kingdom as of March 2022. The demand for 0201 MLCCs is increasing as the introduction of 5G networks offers high data speeds and low latency, enabling users to enjoy high-quality multimedia content on their smartphones. 5G, streaming 4 K and 8 K videos, virtual reality (VR), and augmented reality (AR) applications have become more accessible and enjoyable on 5G-enabled smartphones.
  • South Korea is still a major player in the smartphone industry. In the realm of consumer electronics like smartphones, the 0 402-case size MLCC is a widely used component. Schoolkids in South Korea are getting more addicted to their phones. For instance, in 2021, almost all South Korean teenagers used smartphones. Around 50% of kids aged 10-19 were addicted to smartphones. Smartphones are getting smaller and sleeker, with more features, so there is a growing need for smaller electronic components like 0 402 MLCC.
Dielectric Type
Class 1
Class 2
Case Size
0 201
0 402
0 603
1 005
1 206
Others
Capacitance
High-Range Capacitance
Low-Range Capacitance
Mid-Range Capacitance
Mlcc Mounting Type
Metal Cap
Radial Lead
Surface Mount
End User
Aerospace and Defence
Automotive
Consumer Electronics
Industrial
Medical Devices
Power and Utilities
Telecommunication
Others
Region
Asia-Pacific
Europe
North America
Rest of the World
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Mid Voltage MLCC Market Size Summary

The Mid Voltage MLCC market is poised for significant growth, driven by the increasing demand for compact and high-capacitance components across various industries. The market is experiencing a surge in demand due to the proliferation of consumer electronics, telecom advancements, and the automotive sector's shift towards electric vehicles. The integration of 5G technology and the need for miniaturized components in smartphones and other devices are key factors propelling market expansion. The Asia-Pacific region leads the market, benefiting from emerging economies and rising consumer spending, while North America and Europe also contribute significantly to market growth. The automotive industry's reliance on MLCCs for advanced systems further underscores the component's importance in modern electronic devices.

The market is characterized by a consolidated landscape, with major players like Murata Manufacturing, Samsung Electro-Mechanics, and TDK Corporation dominating the scene. The stability in lead times for critical MLCCs ensures a smooth supply chain, meeting the consistent demand from various sectors. Copper, a vital raw material, plays a crucial role in MLCC production, with its price fluctuations impacting the market dynamics. Despite challenges such as supply chain disruptions and economic uncertainties, the market continues to thrive, supported by technological advancements and strategic developments by leading companies. The introduction of specialized MLCCs for automotive and industrial applications highlights the ongoing innovation and adaptation within the industry.

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Mid Voltage MLCC Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Dielectric Type

      1. 1.1.1 Class 1

      2. 1.1.2 Class 2

    2. 1.2 Case Size

      1. 1.2.1 0 201

      2. 1.2.2 0 402

      3. 1.2.3 0 603

      4. 1.2.4 1 005

      5. 1.2.5 1 206

      6. 1.2.6 Others

    3. 1.3 Capacitance

      1. 1.3.1 High-Range Capacitance

      2. 1.3.2 Low-Range Capacitance

      3. 1.3.3 Mid-Range Capacitance

    4. 1.4 Mlcc Mounting Type

      1. 1.4.1 Metal Cap

      2. 1.4.2 Radial Lead

      3. 1.4.3 Surface Mount

    5. 1.5 End User

      1. 1.5.1 Aerospace and Defence

      2. 1.5.2 Automotive

      3. 1.5.3 Consumer Electronics

      4. 1.5.4 Industrial

      5. 1.5.5 Medical Devices

      6. 1.5.6 Power and Utilities

      7. 1.5.7 Telecommunication

      8. 1.5.8 Others

    6. 1.6 Region

      1. 1.6.1 Asia-Pacific

      2. 1.6.2 Europe

      3. 1.6.3 North America

      4. 1.6.4 Rest of the World

Mid Voltage MLCC Market Size FAQs

The Global Mid Voltage MLCC Market size is expected to reach USD 5.29 billion in 2024 and grow at a CAGR of 21.55% to reach USD 14.04 billion by 2029.

In 2024, the Global Mid Voltage MLCC Market size is expected to reach USD 5.29 billion.

Mid Voltage MLCC Market Report Snapshots

Mid Voltage MLCC Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029