logo

North America MLCC Market Size

The North America MLCC market is experiencing significant growth, driven by the increasing demand for compact and high-performance electronic devices. The market's expansion is fueled by trends such as miniaturization and the rising popularity of portable and connected devices. The United States holds a substantial portion of the market, supported by its advanced automotive sector and the presence of major MLCC end-users. Canada also presents opportunities due to its commitment to electric vehicles and high adoption of digital technologies. These factors collectively contribute to the robust growth trajectory of the MLCC market in North America.

INSTANT ACCESS

Home right-chevron-icon Market Analysis right-chevron-icon Technology, Media and Telecom Research right-chevron-icon Electronics Research right-chevron-icon North America MLCC Market right-chevron-icon Market Size

Market Size of north america mlcc Industry

North America MLCC Market Summary
share button
svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 4.11 Billion
svg icon Market Size (2029) USD 11 Billion
svg icon Largest Share by Case Size 0 201
svg icon CAGR (2024 - 2029) 21.78 %
svg icon Largest Share by Country United States
svg icon Market Concentration Medium

Major Players
major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

WHY BUY FROM US?

1. CRISP & INSIGHTFUL
2. TRUE BOTTOM-UP
3. EXHAUSTIVENESS
4. TRANSPARENCY
5. CONVENIENCE
KNOW MORE

North America MLCC Market Analysis

The North America MLCC Market size is estimated at 4.11 billion USD in 2024, and is expected to reach 11 billion USD by 2029, growing at a CAGR of 21.78% during the forecast period (2024-2029).

4.11 Billion

Market Size in 2024 (USD)

11 Billion

Market Size in 2029 (USD)

23.54 %

CAGR (2017-2023)

21.78 %

CAGR (2024-2029)

Largest Segment by Case Size

27.06 %

value share, 0 201, 2023

Icon image

The ongoing miniaturization trend in consumer electronics like smartphones due to technological advancements like 5G is increasing the demand for compact 0201 case sizes.

Largest Segment by Capacitance

43.08 %

value share, Less than 100µF, 2023

Icon image

The capacitance segment is dominated by the low capacitance sub-segment of less than 100 µF. The growth of these MLCCs is due to the increasing emphasis on the development of advanced medical devices and the proliferation of product introductions.

Fastest Segment by Mounting Type

22.73 %

Projected CAGR, Metal Cap, 2024-2029

Icon image

These MLCCs exhibit excellent thermal shock and vibration resistance compared to other MLCCs, making them suitable for the automotive industry. The region has witnessed an unprecedented demand for BEVs over the past few years. The growth of EVs is expected to increase the demand for these MLCCs.

Fastest Segment by End-user

40.54 %

Projected CAGR, Automotive, 2024-2029

Icon image

The demand for the automotive industry will be driven by the increasing penetration of electric mobility in the major countries of North America. In addition, the increasing support of the government in the form of favourable initiatives and policies will also contribute to the growth of the market. The increasing preference of the consumers for safety and convenience features in vehicles is supported by the latest technologies such as ADAS.

Fastest Segment by Country

25.69 %

Projected CAGR, United States, 2024-2029

Icon image

The country is one of the pioneers of advanced automotive, especially electric vehicles and autonomous technology. A significant number of manufacturers in the country are installing ADAS features. These emerging features in the automotive industry are expected to accentuate the demand for MLCCs in the country.

Increasing awareness among consumers about the emergence of novel technologies is among the primary growth stimulants of 0 201 MLCCs

  • Case size 0 201 holds the largest market share of 32.73% in terms of volume and generated a revenue of USD 644.90 million in 2022. The case size 0 603 is the fastest-growing segment, with a CAGR of 29.10% (2022-2029).
  • The ongoing trend of miniaturization, coupled with the need for higher component density, drives the demand for these components. The increasing popularity of portable and connected devices further contributes to the demand for 0 201 MLCC components, as they enable manufacturers to achieve compact designs without compromising on performance. North America is home to several laptop manufacturers and multinational companies that have a significant presence in the market. The increased need for video conferencing, virtual collaboration tools, and online education has accelerated laptop sales.
  • The usage of 0 1005 MLCCs spans diverse applications, particularly in compact electronic devices such as smartphones, wearables, and IoT devices, enabling manufacturers to achieve sleek and compact designs without compromising performance. The number of smartphone users in Canada is increasing every year as consumers spend more money on devices, including upgrades to their existing phones.
  • The 0 402 case size is widely adopted as a form factor for surface-mount ceramic capacitors. The automotive industry relies on 0 402 MLCCs for various applications, including engine control units, infotainment systems, and ADAS. These capacitors provide reliable performance in harsh automotive environments. The demand for autonomous vehicles is rising in North America due to the increased focus on automotive safety, the rise in demand for comfort features in a vehicle, and a growing desire of vehicle owners to reduce the amount of human error in case of accidents.
North America MLCC Market

Favorable government incentives and subsidies are expected to increase the demand for EVs in the United States

  • The United States captured the largest market share of 56.69%, followed closely by others with 43.31% in terms of volume in 2022.
  • The United States is one of the most significant markets for MLCC. The country is one of the pioneers of advanced automotive, especially electric vehicles and autonomous technology. Most major companies in end-user applications of MLCCs are based in the United States, making the country a major target for MLCC manufacturers. As most of these companies are advancing their product offerings, the deployment of the number of MLCCs is increasing. This is likely to make the United States one of the significant markets for MLCC over the forecast period.
  • Canada's vision to combat environmental concerns is a major factor in the development of the electric vehicles and energy storage systems market, which is further creating an opportunity for the vendors in the market studied. Canada signed a new international alliance to switch to electric cars. The country also offers a massive market for high-end electronic devices, mainly due to the high adoption rate of digital technologies. According to the Entertainment Software Association of Canada (ESAC), the gaming industry in Canada is booming, increasing the penetration of high-end devices in the country. These key factors are fueling the demand for MLCCs.

North America 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. 500V to 1000V, Less than 500V, More than 1000V are covered as segments by Voltage. 100µF to 1000µF, Less than 100µF, More than 1000µF 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. United States, Others are covered as segments by Country.

  • Case size 0 201 holds the largest market share of 32.73% in terms of volume and generated a revenue of USD 644.90 million in 2022. The case size 0 603 is the fastest-growing segment, with a CAGR of 29.10% (2022-2029).
  • The ongoing trend of miniaturization, coupled with the need for higher component density, drives the demand for these components. The increasing popularity of portable and connected devices further contributes to the demand for 0 201 MLCC components, as they enable manufacturers to achieve compact designs without compromising on performance. North America is home to several laptop manufacturers and multinational companies that have a significant presence in the market. The increased need for video conferencing, virtual collaboration tools, and online education has accelerated laptop sales.
  • The usage of 0 1005 MLCCs spans diverse applications, particularly in compact electronic devices such as smartphones, wearables, and IoT devices, enabling manufacturers to achieve sleek and compact designs without compromising performance. The number of smartphone users in Canada is increasing every year as consumers spend more money on devices, including upgrades to their existing phones.
  • The 0 402 case size is widely adopted as a form factor for surface-mount ceramic capacitors. The automotive industry relies on 0 402 MLCCs for various applications, including engine control units, infotainment systems, and ADAS. These capacitors provide reliable performance in harsh automotive environments. The demand for autonomous vehicles is rising in North America due to the increased focus on automotive safety, the rise in demand for comfort features in a vehicle, and a growing desire of vehicle owners to reduce the amount of human error in case of accidents.
Dielectric Type
Class 1
Class 2
Case Size
0 201
0 402
0 603
1 005
1 210
Others
Voltage
500V to 1000V
Less than 500V
More than 1000V
Capacitance
100µF to 1000µF
Less than 100µF
More than 1000µF
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
Country
United States
Others
customize-icon Need A Different Region Or Segment?
Customize Now

North America MLCC Market Size Summary

The North America MLCC market is poised for significant growth, driven by the ongoing trend of miniaturization and the increasing demand for compact and high-performance electronic devices. The market is characterized by a diverse range of applications, from portable and connected devices to automotive and industrial sectors. The demand for MLCCs is further fueled by the rise in smartphone usage, the proliferation of IoT devices, and the growing automotive industry, particularly in the realm of electric and autonomous vehicles. The United States stands out as a major market player, with its strong presence in advanced automotive technologies and a robust ecosystem of companies leveraging MLCCs for various end-user applications. Canada also contributes to market growth through its commitment to electric vehicles and high-end electronic devices, supported by government initiatives and environmental policies.

The market landscape is moderately consolidated, with key players like Kyocera AVX Components Corporation, Murata Manufacturing Co., Ltd, Samsung Electro-Mechanics, Taiyo Yuden Co., Ltd, and Yageo Corporation leading the charge. These companies are actively innovating to meet the evolving demands of the market, as evidenced by recent product developments aimed at addressing the high voltage requirements of automotive subsystems and the versatile needs of electric vehicle manufacturers. Despite challenges posed by the COVID-19 pandemic, such as supply chain disruptions, the market is expected to recover and expand, driven by increasing awareness of the environmental benefits of electric vehicles and supportive government policies. The growth of e-commerce and logistics sectors further amplifies the demand for MLCCs, particularly in light commercial vehicles, as urbanization and digitalization continue to reshape the North American market landscape.

Explore More >

North America 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 Voltage

      1. 1.3.1 500V to 1000V

      2. 1.3.2 Less than 500V

      3. 1.3.3 More than 1000V

    4. 1.4 Capacitance

      1. 1.4.1 100µF to 1000µF

      2. 1.4.2 Less than 100µF

      3. 1.4.3 More than 1000µF

    5. 1.5 Mlcc Mounting Type

      1. 1.5.1 Metal Cap

      2. 1.5.2 Radial Lead

      3. 1.5.3 Surface Mount

    6. 1.6 End User

      1. 1.6.1 Aerospace and Defence

      2. 1.6.2 Automotive

      3. 1.6.3 Consumer Electronics

      4. 1.6.4 Industrial

      5. 1.6.5 Medical Devices

      6. 1.6.6 Power and Utilities

      7. 1.6.7 Telecommunication

      8. 1.6.8 Others

    7. 1.7 Country

      1. 1.7.1 United States

      2. 1.7.2 Others

North America MLCC Market Size FAQs

The North America MLCC Market size is expected to reach USD 4.11 billion in 2024 and grow at a CAGR of 21.78% to reach USD 11.00 billion by 2029.

In 2024, the North America MLCC Market size is expected to reach USD 4.11 billion.

North America MLCC Market Report Snapshots

North America MLCC Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029