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Low Voltage MLCC Market Size

The Low Voltage MLCC Market is projected to experience significant growth over the forecast period, with Asia-Pacific leading in market share due to its strong manufacturing base for IT devices. The demand for miniaturized components, such as 0201 and 0402 MLCCs, is driven by the need for compact and feature-rich consumer electronics and medical devices. North America is expected to maintain a dominant position in the medical devices sector, influenced by the rising prevalence of chronic diseases and high healthcare spending.

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Market Size of low voltage mlcc Industry

Low Voltage MLCC Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 13.67 Billion
svg icon Market Size (2029) USD 36.25 Billion
svg icon Largest Share by Case Size 0 201
svg icon CAGR (2024 - 2029) 21.54 %
svg icon Largest Share by Region Asia-Pacific
svg icon Market Concentration Medium

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

Key Players

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Low Voltage MLCC Market Analysis

The Low Voltage MLCC Market size is estimated at 13.67 billion USD in 2024, and is expected to reach 36.25 billion USD by 2029, growing at a CAGR of 21.54% during the forecast period (2024-2029).

13.67 Billion

Market Size in 2024 (USD)

36.25 Billion

Market Size in 2029 (USD)

16.38 %

CAGR (2017-2023)

21.54 %

CAGR (2024-2029)

Largest Segment by Case Size

16.81 %

value share, 0 201, 2023

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The current trend of miniaturization of consumer electronics, such as smartphones, and the advancement of technology like 5G are driving demand for 0 201 MLCCs.

Largest Segment by Capacitance

47.57 %

value share, Low-Range Capacitance, 2023

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The amplified demand for virtual and augmented realities is improving the market presence of 5G-compatible mobile handsets that use these low-range capacitance MLCCs.

Largest Segment by Mounting Type

47.57 %

value share, Surface Mount, 2023

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The ongoing trend of miniaturization, coupled with the need for higher component density, drives the demand for surface-mount MLCCs. The increasing popularity of portable and connected devices also contributes to the demand for surface-mount MLCCs, enabling manufacturers to achieve compact designs without compromising performance.

Fastest Segment by End-user

24.76 %

Projected CAGR, Consumer Electronics, 2024-2029

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Rising demand for smart devices due to the advent of digitalization, coupled with improving economic conditions in the region, is increasing the demand for consumer electronics, thereby increasing the demand for low-range voltage MLCCs.

Largest Segment by Region

46.47 %

value share, Asia-Pacific, 2023

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Low-voltage MLCCs are used in the automotive industry as they improve the safety and performance of electric vehicles. Extensive innovations and prototypes from major automakers and OEMs, coupled with the consumer preference for fuel-efficient automobiles, are propelling the region's automotive industry.

The demand for MLCCs is driven by the growing prevalence of chronic diseases and the growing popularity of compact and high-end 5G smartphones

  • 0 201 case size emerged as the frontrunner, capturing the largest market share of 29.78%, followed by 0 402 with 28.21% and 0603 with 15.67% in terms of volume in 2022.
  • The case size of 0201 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. The 0201 MLCCs of COG dielectric with low voltages of less than 500 volts are being used in medical devices. For instance, in Asia-Pacific countries like China, cardiovascular disease (CVD) poses a significant healthcare burden, with increasing prevalence and incidence rates. In 2022, the rates of CVD and associated mortality were 8.35 and 5.33 per 1,000 person-years, respectively. Notably, mortality rates were higher in the central and western regions compared to the eastern region. The demand for 0201 MLCCs is increasing as they play a crucial role in cardiovascular pacemakers, serving as energy storage capacitors.
  • In European countries like Germany, the demand for smartphones experienced significant growth in 2021, with sales volume reaching 22.2 million units, a notable increase from the previous year's 20 million units. The increasing demand for compact and feature-rich smartphones has led to a critical need for miniaturized components like the 0402 MLCCs. The 0402-surface mount MLCCs play a crucial role in enabling the integration of multiple functionalities within a limited space, facilitating the development of smaller and sleeker smartphones.
Global Low Voltage MLCC Market

The highly developing telecom sector and large customer base are expected to surge the demand for MLCCs in Asia-Pacific

  • 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 holds a significant share in manufacturing IT devices like laptops, desktop computers, and mobile phones. On the back of its excellent technological presence, China has a significant share of manufacturing and exporting IT devices to the rest of the world. It continues to be the major provider of desktop computers in Asia-Pacific in terms of volume. As a result, the demand for surface-mount MLCCs is expected to increase during the forecast period.
  • Due to their portability or implantation requirements, medical devices often have strict size limitations. MLCCs offer a combination of small size, high capacitance, reliability, and performance characteristics that make them well-suited for use in various medical devices, ranging from portable diagnostic equipment to implantable devices like pacemakers. North America is expected to dominate the medical devices market over the forecast period owing to factors such as the growing burden of chronic diseases, high healthcare expenditures, and the presence of key players. The growing number of people suffering from cardiovascular diseases is the key factor driving the demand for medical devices. For instance, as per the 2021 data published by the CDC, it was observed that every year, 805,000 people in the United States suffer from heart attacks. For instance, as per data published by the CDC in 2021, every year, 805,000 people in the United States suffer from heart attacks.

Low Voltage MLCC Industry Segmentation

Class 1, Class 2 are covered as segments by Dielectric Type. 0 201, 0 402, 0 603, 1 005, 1 210, 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 case size emerged as the frontrunner, capturing the largest market share of 29.78%, followed by 0 402 with 28.21% and 0603 with 15.67% in terms of volume in 2022.
  • The case size of 0201 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. The 0201 MLCCs of COG dielectric with low voltages of less than 500 volts are being used in medical devices. For instance, in Asia-Pacific countries like China, cardiovascular disease (CVD) poses a significant healthcare burden, with increasing prevalence and incidence rates. In 2022, the rates of CVD and associated mortality were 8.35 and 5.33 per 1,000 person-years, respectively. Notably, mortality rates were higher in the central and western regions compared to the eastern region. The demand for 0201 MLCCs is increasing as they play a crucial role in cardiovascular pacemakers, serving as energy storage capacitors.
  • In European countries like Germany, the demand for smartphones experienced significant growth in 2021, with sales volume reaching 22.2 million units, a notable increase from the previous year's 20 million units. The increasing demand for compact and feature-rich smartphones has led to a critical need for miniaturized components like the 0402 MLCCs. The 0402-surface mount MLCCs play a crucial role in enabling the integration of multiple functionalities within a limited space, facilitating the development of smaller and sleeker smartphones.
Dielectric Type
Class 1
Class 2
Case Size
0 201
0 402
0 603
1 005
1 210
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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Low Voltage MLCC Market Size Summary

The Low Voltage MLCC (Multi-Layer Ceramic Capacitor) market is poised for significant growth, driven by its critical applications in consumer electronics, telecommunications, and medical devices. The market is characterized by the increasing demand for compact and high-capacitance components, such as the 0201 and 0402 case sizes, which are essential for miniaturizing electronic devices like smartphones and medical equipment. The Asia-Pacific region leads in market share, largely due to its robust manufacturing base for IT devices and the growing healthcare needs in countries like China. The demand for MLCCs is further bolstered by the rising prevalence of cardiovascular diseases, necessitating advanced medical devices that require reliable and compact components. The market's expansion is supported by the stable supply chain and consistent lead times for key MLCC sizes, ensuring manufacturers can meet the growing demand without disruptions.

The market landscape is moderately consolidated, with major players like Murata Manufacturing, Samsung Electro-Mechanics, Taiyo Yuden, TDK Corporation, and Yageo Corporation dominating the scene. These companies are actively innovating to meet the evolving needs of various industries, including automotive and industrial sectors. The volatility in raw material prices, particularly copper, poses challenges, but recent regulatory relaxations have led to increased production, stabilizing prices. The introduction of new MLCC products, such as KEMET's automotive-grade capacitors and Samsung's high-capacity MLCCs for electric vehicles, highlights the ongoing technological advancements and the market's adaptability to emerging trends. As the demand for miniaturized and efficient electronic components continues to rise, the Low Voltage MLCC market is expected to experience robust growth, driven by innovation and strategic market positioning.

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Low 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 1 210

      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

Low Voltage MLCC Market Size FAQs

The Global Low Voltage MLCC Market size is expected to reach USD 13.67 billion in 2024 and grow at a CAGR of 21.54% to reach USD 36.25 billion by 2029.

In 2024, the Global Low Voltage MLCC Market size is expected to reach USD 13.67 billion.

Low Voltage MLCC Market Report Snapshots

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