PCs and Laptops MLCC Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029

PCs and Laptops MLCC Market Analysis

The PCs and Laptops MLCC Market size is estimated at 0.84 billion USD in 2024, and is expected to reach 2.19 billion USD by 2029, growing at a CAGR of 20.95% during the forecast period (2024-2029).

The global PCs and laptops MLCC market is experiencing significant transformation amid shifting industry dynamics and technological advancements. Global PC shipments witnessed a 13.4% decline in the second quarter of 2023, reflecting a moderation from the 29% drop observed in the first quarter. This trend indicates a gradual market stabilization, with manufacturers adapting their production strategies to align with evolving demand patterns. The Chinese PC market particularly demonstrated these dynamics, with a 16% overall decline in 2022, while simultaneously witnessing remarkable growth in specific segments, as evidenced by Huawei's 80.7% surge in laptop shipments during the second quarter of 2022.

Technological innovation continues to drive market evolution, particularly in the integration of artificial intelligence and advanced processing capabilities. Intel's securing of orders exceeding USD 1 billion for AI accelerator chips underscores the growing emphasis on AI integration in computing electronics. The announcement of next-generation Ryzen desktop processors for a 2024 launch further highlights the industry's commitment to advancing processing capabilities. These developments are reshaping the requirements for MLCCs in terms of power management, thermal performance, and overall system stability.

The market is witnessing significant developments in motherboard technology and gaming solutions, exemplified by recent launches such as ASRock's AMD A620 motherboards and BIOSTAR's B650MP-E PRO motherboard. These innovations focus on delivering enhanced performance while maintaining cost-effectiveness, driving demand for specialized electronic passive components capable of supporting advanced power delivery systems. The introduction of the Razer Blade 14 gaming laptop showcases the industry's push toward combining high-performance computing with compact form factors, necessitating sophisticated MLCC solutions for power management and thermal control.

Regional market dynamics reveal varying patterns of adoption and consumer behavior across different geographical areas. The Middle East and Africa (MEA) region experienced a 13.0% year-over-year decline in the personal computing devices market during Q1 2023, indicating regional economic challenges and shifting consumer preferences. This regional variation in market performance is prompting manufacturers to adapt their strategies, focusing on developing MLCCs that can meet diverse requirements across different markets while maintaining cost-effectiveness and performance standards. The demand for ceramic capacitors is particularly notable in these regions, as they are integral to enhancing the efficiency of computer components.

Global PCs and Laptops MLCC Market Trends

Rise in adoption of laptops in educational institutions is propelling the market

• The demand for MLCCs in laptops has witnessed significant growth due to their essential role in providing high-frequency decoupling and filtering for efficient and clean power supply. This is crucial as laptops rely on precise voltage and current levels to ensure optimal operation of various components.
• The laptops experienced a substantial increase, with shipments rising by 19.6% from 222.5 million units in 2020 to 276.8 million units in 2021. The surge in laptop demand was initially driven by the widespread adoption of remote work and virtual communication during the COVID-19 pandemic. This has led to an increased need for MLCCs in these devices. However, as employees gradually transition back to physical office spaces, the demand for laptops has somewhat subsided. The evolving capabilities of smartphones and tablets, coupled with advancements in mobile applications and cloud-based services, have made these devices more suitable for specific tasks, diminishing the overall necessity for laptops. Furthermore, the demand for laptops is being influenced by the growing need for versatile laptops and the widespread availability of high-speed internet. This development is anticipated to occur due to various factors, including the rise in consumer purchasing power and the increasing preference for gaming laptops, especially among the millennial demographic.
• The demand for laptops persists due to the enduring effects of the COVID-19 pandemic, with many individuals learning from home. This sustained demand directly translates into an ongoing requirement for MLCCs in laptop manufacturing. MLCCs play a vital role in guaranteeing the dependable and efficient performance of laptops, making them an indispensable component in meeting the ongoing market demand for these devices.

Increasing demand for laptops stagnates the market

• The electrodes in an MLCC serve as a stable source of electricity for electronics like PCs. To keep up with the market's current trend for improved performance, miniaturization, and compact laptop PC designs and manufacture products that can withstand the industry's changing demands, MLCC manufacturers are making high-temperature and high-capacitance MLCC the utmost importance.
• PC's shipments declined by 16%, from 341.73 million units in 2021 to 286.2 million in 2022. The demand for MLCCs in PCs has declined due to the unfavorable acoustic noise they produce within the battery lines, specifically on the primary side of DC-DC converters. The presence of capacitive howling strategically placed close to PCs adversely affects the user experience, creating a negative impact. Consumers are actively seeking PCs that offer a quieter and more pleasant user experience. This growing preference for noise-free devices has contributed to the decreasing demand for MLCCs in laptops affected by disruptive howling noises.
• The decline in MLCC demand for PCs is primarily due to the prevalent ownership of relatively new PCs purchased during the pandemic, resulting in a lack of affordability and reduced consumer motivation to invest in new PC purchases. The challenging economic climate has resulted in reduced business PC spending in the EMEA region as companies adopt cost management strategies by cutting down on PC budgets. This factor has led to a significant drop in PC demand, reaching its lowest level in years, consequently impacting the demand for MLCCs as a vital component in PC manufacturing and resulting in a decline in MLCC sales for PC applications.

Segment Analysis: Case Size

1 210 Segment in PCs and Laptops MLCC Market

The 1 210 case size segment has emerged as the dominant force in the PCs and laptops MLCC market, commanding approximately 32% market share in 2024. This substantial market position is attributed to the segment's crucial role in power distribution and decoupling applications within modern computing devices. The growing trend of thinner laptops with enhanced functionality has increased the demand for 1 210 case-size MLCCs, as these components effectively support stable power delivery and efficient energy absorption. These ceramic capacitors contribute significantly to maintaining system stability and ensuring optimal performance in high-end multimedia and graphics applications, making them indispensable in contemporary PC and laptop designs.

0 603 Segment in PCs and Laptops MLCC Market

The 0 603 case size segment is demonstrating remarkable growth potential in the PCs and laptops MLCC market, with projections indicating an impressive growth rate of approximately 18% during 2024-2029. This accelerated growth is driven by the increasing adoption of compact and efficient electronic passive components in modern computing devices. The segment's growth is further supported by the rising demand for high-performance components in advanced PC and laptop designs, particularly in devices emphasizing miniaturization and power efficiency. The versatility of 0 603 MLCCs in various applications, from power management to signal conditioning, positions them as crucial components in next-generation computing devices.

Remaining Segments in Case Size

The other case sizes in the market, including 0 805, 0 806, and 1 206, each serve specific applications in PC and laptop manufacturing. The 0 805 and 0 806 segments are particularly valuable in applications requiring a balance between size and performance, making them ideal for mainstream computing devices. The 1 206 case size offers robust performance characteristics suitable for high-power applications, while the "Others" category, encompassing various specialized sizes, caters to niche applications and specific design requirements. These segments collectively contribute to the diverse needs of the PC and laptop industry, offering manufacturers flexibility in design and performance optimization.

Segment Analysis: Voltage

Less than 10V Segment in PCs and Laptops MLCC Market

The less than 10V segment dominates the PCs and laptops MLCC market, commanding approximately 48% market share in 2024. This segment's prominence is driven by the emergence of Class-D audio technology and GaN integration in laptops and PCs. The adoption of Class-D audio amplifiers, known for their efficiency and improved sound quality, necessitates compact yet high-performance MLCCs to support the efficient conversion of analog signals into digital format. The trend of size reduction and efficiency optimization, driven by GaN-based audio amplifiers, directly impacts the demand for MLCCs in this voltage range. With GaN's capability for high-power square-wave reproduction, MLCCs with lower voltage ratings have become essential components for ensuring smooth and accurate voltage supply to support premium audio experiences.

Above 20V Segment in PCs and Laptops MLCC Market

The above 20V segment is experiencing significant growth in the PCs and laptops MLCC market, projected to grow at approximately 21% from 2024 to 2029. This growth is driven by the diverse needs of users, ranging from home and office use to content creation and gaming. The trend of integrating cutting-edge features, optimizing power delivery, and ensuring comprehensive connectivity underscores the importance of high-voltage MLCCs in meeting the evolving demands of modern computing. The incorporation of DDR5 memory support and multiple M.2 slots for NVMe storage necessitates the presence of reliable MLCCs capable of meeting higher voltage demands without compromising performance, further driving the segment's growth trajectory.

Remaining Segments in Voltage

The 10V to 20V segment plays a crucial role in the PCs and laptops MLCC market by supporting advanced GPU integration and high-performance computing components. This segment is particularly vital for applications requiring stable power distribution, efficient energy absorption, and effective noise filtering. The segment's importance is highlighted by its role in enabling stable power delivery to support seamless data transmission and efficient multitasking in modern computing devices. As laptops and PCs continue to evolve with more sophisticated features and capabilities, this voltage segment remains essential for maintaining optimal performance and reliability.

Segment Analysis: Capacitance

Less than 10 μF Segment in PCs and Laptops MLCC Market

The less than 10 1⁄4F segment maintains its dominant position in the PCs and laptops MLCC market, commanding approximately 48% market share in 2024. This segment's prominence is driven by its crucial role in voltage regulation and power management within modern computing devices. The integration of advanced features in laptops and PCs, particularly in areas like Class-D audio technology and GaN integration, has significantly boosted the demand for these lower capacitance MLCCs. These ceramic capacitors are essential for maintaining stable power delivery, ensuring efficient noise suppression, and supporting seamless wireless connectivity in modern devices. The segment's strength is further reinforced by the growing trend toward compact and efficient laptop designs, where these MLCCs excel in managing power distribution without compromising performance. Their application in supporting Wi-Fi-enabled audio systems and GaN-powered Class-D amplifier boards has become increasingly critical, particularly in maintaining signal integrity and ensuring seamless wireless audio transmission for an enhanced user experience.

More than 100 μF Segment in PCs and Laptops MLCC Market

The more than 100 1⁄4F segment is positioned to experience the strongest growth trajectory, with an expected growth rate of approximately 21% from 2024 to 2029. This accelerated growth is primarily driven by the increasing demand for high-performance laptops and computing devices that require robust power management solutions. The segment's expansion is closely tied to the evolution of gaming laptops and high-performance computing systems, exemplified by recent launches like the Razer Blade 14, which demands sophisticated power management and voltage regulation mechanisms. These high-capacitance MLCCs play a crucial role in maintaining stable voltage environments during intense computational tasks, supporting advanced graphics capabilities, and enabling AI integration in modern computing devices. The segment's growth is further supported by the increasing adoption of MLCCs in applications requiring higher processing speeds, enhanced power efficiency, and superior thermal management capabilities in next-generation laptops and PCs.

Remaining Segments in Capacitance

The 10 1⁄4F to 100 1⁄4F segment serves as a vital bridge between low and high capacitance applications in the PCs and laptops MLCC market. This intermediate segment plays a crucial role in supporting various functionalities, particularly in power delivery and filtering applications for modern computing devices. These MLCCs are essential in providing stable power distribution, noise suppression, and optimal signal integrity for advanced processor technologies and multimedia capabilities. The segment's significance is particularly evident in supporting the latest processor technologies, including advanced GPU integration and high-performance computing components. Their versatility makes them indispensable in applications ranging from basic power management to supporting sophisticated multimedia and gaming features in contemporary laptops and PCs.

Segment Analysis: Dielectric Type

Class 2 Segment in PCs and Laptops MLCC Market

The Class 2 segment dominates the PCs and laptops MLCC market, commanding approximately 53% of the total market value in 2024. This segment's prominence is driven by the increasing sophistication of modern computing devices, particularly in handling diverse workloads and supporting advanced functionalities. The segment's growth is further propelled by the integration of cutting-edge technologies in laptops and PCs, including enhanced multimedia capabilities and superior processing power. Class 2 MLCCs are experiencing robust growth with a projected growth rate of nearly 24% from 2024 to 2029, primarily due to their essential role in ensuring stability and reliability in electronic circuits. The segment's expansion is particularly notable in supporting compact and powerful laptops, exemplified by products like Acer's ultra-light OLED laptops, where these capacitors play a crucial role in power management and noise-filtering circuits. The demand for Class 2 MLCCs is further strengthened by their ability to maintain signal integrity and ensure seamless wireless audio transmission, making them indispensable in modern computing devices that prioritize immersive user experiences.

Remaining Segments in Dielectric Type

The Class 1 segment represents a crucial component of the PCs and laptops MLCC market, characterized by its superior performance in specific applications requiring high stability and precision. This segment is particularly vital in supporting AI-driven features and enhanced performance through specialized AI chips in modern computing devices. Class 1 MLCCs excel in providing stable power distribution, noise suppression, and optimal signal integrity, making them essential for seamless AI-driven user experiences. The segment's importance is further emphasized by its role in supporting the integration of advanced technologies, including specialized AI chips and generative AI systems, which are becoming increasingly prevalent in modern PCs and laptops. The growing adoption of AI applications in everyday computing continues to drive the demand for Class 1 MLCCs, particularly in applications requiring precise voltage regulation and efficient power management.

PCs and Laptops MLCC Market Geography Segment Analysis

PCs and Laptops MLCC Market in Asia-Pacific

The Asia-Pacific region maintains its position as the dominant force in the global PCs and laptops MLCC market, commanding approximately 45% market share in 2024. The region's technological hubs, including China, Japan, South Korea, and Taiwan, continue to drive innovation and development in the MLCC sector. These countries leverage their advanced manufacturing capabilities and robust supply chains to meet the growing demand for computer components. The presence of major technology manufacturers and assembly plants in the region strengthens its market position, while continuous investments in research and development foster technological advancement. The region's strong focus on high-quality component manufacturing, coupled with cost-effective production capabilities, enables it to maintain its competitive edge. Furthermore, the increasing adoption of advanced technologies and the growing emphasis on electronic device manufacturing contribute to the region's market leadership. The strategic positioning of key manufacturing facilities and the presence of a skilled workforce continue to attract global players, reinforcing Asia-Pacific's role as a crucial hub for MLCC production and innovation.

PCs and Laptops MLCC Market in Europe

Europe has established itself as a significant player in the PCs and laptops MLCC market, demonstrating robust growth with approximately 14% CAGR from 2019 to 2024. The region's market is characterized by its strong emphasis on quality and precision manufacturing, particularly in countries like Germany and France. The European market benefits from advanced semiconductor technologies and strategic collaborations between industry leaders, fostering innovation in MLCC development. The region's focus on sustainable manufacturing practices and environmental compliance adds value to its market positioning. European manufacturers are increasingly investing in research and development to enhance MLCC performance and reliability. The presence of stringent quality standards and regulatory frameworks ensures the production of high-performance components. The region's commitment to technological advancement and innovation in the electronics sector continues to drive market growth. Additionally, the strong presence of automotive and industrial sectors creates sustained demand for high-quality MLCCs, while the emphasis on Industry 4.0 initiatives further stimulates market development.

PCs and Laptops MLCC Market in North America

North America's PCs and laptops MLCC market is poised for substantial growth, with a projected CAGR of approximately 22% from 2024 to 2029. The region's market is driven by technological innovation and the presence of major technology companies in the United States and Canada. The increasing adoption of advanced computing devices and the growing demand for high-performance computing electronics contribute to market expansion. North American manufacturers focus on developing specialized MLCCs for emerging applications in artificial intelligence and machine learning. The region's strong emphasis on research and development activities continues to drive innovation in MLCC technology. The presence of leading technology research institutions and collaboration between industry and academia fosters technological advancement. The market benefits from robust intellectual property protection and established quality standards. Furthermore, the growing focus on domestic manufacturing capabilities and supply chain resilience strengthens the region's market position. The increasing demand for advanced electronic devices and the emergence of new applications in various sectors continue to drive market growth.

PCs and Laptops MLCC Market in Rest of the World

The Rest of the World region, encompassing the Middle East and African markets, presents unique dynamics in the PCs and laptops MLCC market. The market in these regions is characterized by evolving consumer preferences and increasing adoption of digital technologies. The growing focus on digital transformation initiatives across various sectors drives the demand for electronic components, including electronic capacitors. Local manufacturers are gradually expanding their capabilities to meet regional demand, while international players are establishing their presence through strategic partnerships. The market benefits from increasing investments in technology infrastructure and growing internet penetration. Educational initiatives and digital literacy programs contribute to the rising demand for PCs and laptops, consequently affecting MLCC requirements. The emergence of local brands and the growing emphasis on affordable computing solutions shape market dynamics. Additionally, government initiatives supporting technology adoption and digital transformation create new opportunities for market growth. The region's young demographic and increasing technological awareness continue to influence market development.

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