Multilayer Ceramic Capacitor Market Share

APAC Market Forecast

The multilayer ceramic capacitor market in the Asia Pacific is expected to hold the largest share of about 32% throughout the forecast period. The use of MLCCs per vehicle is anticipated to increase more rapidly in the Asia Pacific region as more cars switch from internal combustion engines to electric motors. The electric vehicle world sales database shows that from 2020 to 2021, the EV market in China alone increased by 155%. Moreover, the demand for high-performance and high-reliability MLCCs has increased as a result of the commercial launch of 5G communication technology.

European Market Statistics

Europe’s multilayer ceramic capacitor market is anticipated to account for a significant revenue share of about 25% market share. The growth of the market in the region can be propelled by the presence of a substantial number of automakers in the area. The adoption of MLCCs in the automotive industry is being boosted by the large number of MLCC manufacturers who are creating and producing MLCCs for automotive applications. In the European Union, 13.1 million cars are made per year. Germany, which produced over 2.9 million passenger cars and roughly 234,000 light commercial vehicles in 2021, was the largest auto manufacturing nation in Europe.