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South Korea MLCC Market Size

The South Korea MLCC market is projected to experience significant growth over the forecast period, driven by the increasing demand for high-capacity components in advanced technologies such as IoT, 5G, and AI. The market's expansion is further supported by the rising need for reliable data services and the development of electric vehicle infrastructure, particularly the installation of EV charging stations. The 0 201 case size segment currently holds the largest market share due to its compact design and high component density, while the 0 603 case size segment is expected to see increased demand for its application in electric vehicle charging solutions.

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Market Size of south korea mlcc Industry

South Korea MLCC Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 2.64 Billion
svg icon Market Size (2029) USD 7.3 Billion
svg icon Largest Share by Case Size 0 201
svg icon CAGR (2024 - 2029) 22.56 %
svg icon Fastest Growing by Case Size 1 005
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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South Korea MLCC Market Analysis

The South Korea MLCC Market size is estimated at 2.64 billion USD in 2024, and is expected to reach 7.3 billion USD by 2029, growing at a CAGR of 22.56% during the forecast period (2024-2029).

2.64 Billion

Market Size in 2024 (USD)

7.3 Billion

Market Size in 2029 (USD)

18.28 %

CAGR (2017-2023)

22.56 %

CAGR (2024-2029)

Largest Segment by Case Size

33.83 %

value share, 0 201, 2023

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Their small size and high capacitance make them suitable for space-constrained electronic designs. These MLCCs provide reliable performance and contribute to the miniaturization and efficiency of electronic devices.

Fastest Segment by Voltage

22.57 %

Projected CAGR, Less than 500V, 2024-2029

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The increasing popularity of smartwatches and the rising prevalence of chronic diseases such as cardiovascular diseases, and obesity are increasing the demand for less than 500V MLCCs

Largest Segment by Capacitance

61.60 %

value share, Less than 100µF, 2023

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South Korea's consumer electronics industry is driven by advancements such as the emergence of IoT and the growing popularity of smart devices, which may increase the country's demand for consumer electronics that use MLCCs with a capacitance of less than 100µF.

Largest Segment by Mounting Type

40.03 %

value share, Surface Mount, 2023

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The proliferation of portable and interconnected devices further increases the need for MLCCs that can be mounted on the surface, allowing manufacturers to achieve a compact design without compromising on performance.

Fastest Segment by End-user

28 %

Projected CAGR, Consumer Electronics, 2024-2029

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Rising demand for consumer electronics like 5G smartphones, coupled with improving economic conditions, is increasing the demand for consumer electronics, thereby increasing the demand for MLCCs.

The consumers shift to EV’s, and the increasing installation of charging stations are driving the MLCC demand

  • 0 201 case size segment emerged as the frontrunner, capturing the largest market share of 34.78%, followed by 0 402 case size segment with 20.22% and 0 603 case size segment with 15.62% in terms of volume in 2022.
  • The 0 201-case size is one of the most compact options available, thus providing a higher component density for the circuit boards. South Korea currently has several data centers, and it is witnessing a surge in demand for robust and reliable data services to support applications like IoT, 5G, and AI-driven technologies that heavily rely on high computational power. To effectively meet the power demands of these upgraded systems, server system designers are incorporating high-capacity 0 201 MLCCs to ensure reliable support and performance.
  • EV charging stations are highly in need of 0603 MLCCs. Seoul, South Korea, plans to install more than 2 lakh EV chargers by 2026. Also, the city wants 400,000 vehicles like cars and motorcycles to be replaced by electric vehicles instead. The demand for 0 603 multi-layer ceramic capacitors (MLCCs) is expected to significantly increase, particularly those integrated in the LLC circuits of the charging piles, as these MLCCs with high capacitance of more than 1000uF will be essential in meeting the increasing demand for reliable and effective charging solutions, thus supporting the continued development of the electric vehicle industry in South Korea.
South Korea MLCC Market

South Korea 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.

  • 0 201 case size segment emerged as the frontrunner, capturing the largest market share of 34.78%, followed by 0 402 case size segment with 20.22% and 0 603 case size segment with 15.62% in terms of volume in 2022.
  • The 0 201-case size is one of the most compact options available, thus providing a higher component density for the circuit boards. South Korea currently has several data centers, and it is witnessing a surge in demand for robust and reliable data services to support applications like IoT, 5G, and AI-driven technologies that heavily rely on high computational power. To effectively meet the power demands of these upgraded systems, server system designers are incorporating high-capacity 0 201 MLCCs to ensure reliable support and performance.
  • EV charging stations are highly in need of 0603 MLCCs. Seoul, South Korea, plans to install more than 2 lakh EV chargers by 2026. Also, the city wants 400,000 vehicles like cars and motorcycles to be replaced by electric vehicles instead. The demand for 0 603 multi-layer ceramic capacitors (MLCCs) is expected to significantly increase, particularly those integrated in the LLC circuits of the charging piles, as these MLCCs with high capacitance of more than 1000uF will be essential in meeting the increasing demand for reliable and effective charging solutions, thus supporting the continued development of the electric vehicle industry in South Korea.
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
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South Korea MLCC Market Size Summary

The South Korea MLCC market is experiencing significant growth, driven by the increasing demand for advanced electronic components in various sectors such as telecommunications, automotive, and industrial applications. The market is characterized by a strong focus on high-capacity MLCCs, particularly the 0 201 and 0 603 case sizes, which are essential for supporting the burgeoning IoT, 5G, and AI-driven technologies. The country's robust infrastructure development, including the expansion of data centers and the push towards electric vehicle (EV) adoption, is further propelling the demand for MLCCs. South Korea's strategic initiatives to enhance its electric vehicle ecosystem, including the installation of numerous EV charging stations, underscore the critical role of MLCCs in ensuring efficient and reliable power management solutions.

The South Korea MLCC market is fairly consolidated, with major players like Kyocera AVX Components Corporation, Murata Manufacturing Co., Ltd, Samsung Electro-Mechanics, Taiyo Yuden Co., Ltd, and TDK Corporation dominating the landscape. These companies are actively innovating to meet the evolving needs of the automotive and industrial sectors, as evidenced by recent product launches such as KEMET's X7R automotive grade MLCC and Murata's EVA series. The market's growth trajectory is supported by the country's position as a leading producer of passenger cars and its commitment to advancing electric mobility and hydrogen economy initiatives. As South Korea continues to leverage its technological prowess and strategic policies, the MLCC market is poised for substantial expansion, aligning with global trends towards electrification and smart technologies.

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South Korea 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

South Korea MLCC Market Size FAQs

The South Korea MLCC Market size is expected to reach USD 2.64 billion in 2024 and grow at a CAGR of 22.56% to reach USD 7.30 billion by 2029.

In 2024, the South Korea MLCC Market size is expected to reach USD 2.64 billion.

South Korea MLCC Market Report Snapshots

South Korea MLCC Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029