Table of Content

"1    INTRODUCTION    30
1.1    STUDY OBJECTIVES    30
1.2    MARKET DEFINITION    31
1.2.1    INCLUSIONS AND EXCLUSIONS    31
1.3    STUDY SCOPE    32
1.3.1    MARKETS COVERED    32
FIGURE 1    MLCC MARKET: SEGMENTATION    32
1.3.2    GEOGRAPHIC SCOPE    32
1.3.3    YEARS CONSIDERED    33
1.4    CURRENCY    33
1.5    LIMITATIONS    33
1.6    STAKEHOLDERS    33
2    RESEARCH METHODOLOGY    34
2.1    RESEARCH DATA    34
FIGURE 2    MLCC MARKET: RESEARCH DESIGN    35
2.1.1    SECONDARY DATA AND PRIMARY RESEARCH    35
FIGURE 3    MLCC MARKET: RESEARCH APPROACH    36
2.1.2    SECONDARY DATA    36
2.1.2.1    Major secondary sources    37
2.1.2.2    Key data from secondary sources    37
2.1.3    PRIMARY DATA    37
2.1.3.1    Primary interviews with experts    38
2.1.3.2    Primary sources    38
2.1.3.3    Key industry insights    39
2.1.3.4    Breakdown of primary interviews    39
2.2    MARKET SIZE ESTIMATION    40
2.2.1    BOTTOM-UP APPROACH    40
2.2.1.1    Approach to arrive at market size using bottom-up analysis
(demand side)    40
FIGURE 4    BOTTOM-UP APPROACH    41
2.2.2    TOP-DOWN APPROACH    41
2.2.2.1    Approach to arrive at market size using bottom-up analysis
(supply side)    41
FIGURE 5    TOP-DOWN APPROACH    41
FIGURE 6    MARKET SIZE ESTIMATION METHODOLOGY: (DEMAND SIDE) — REVENUE GENERATED BY COMPANIES IN MLCC MARKET    42
2.3    DATA TRIANGULATION    43
FIGURE 7    MLCC MARKET: DATA TRIANGULATION    43
2.4    ASSUMPTIONS    44
2.5    LIMITATIONS    44
2.6    RISK ASSESSMENT    45
3    EXECUTIVE SUMMARY    46
3.1    IMPACT OF COVID-19 ON MLCC MARKET    46
FIGURE 8    MLCC MARKET: REALISTIC, PESSIMISTIC, AND OPTIMISTIC
RECOVERY SCENARIOS    47
3.1.1    COVID-19 IMPACT: REALISTIC SCENARIO    47
3.1.2    COVID-19 IMPACT: OPTIMISTIC SCENARIO    47
3.1.3    COVID-19 IMPACT: PESSIMISTIC SCENARIO    48
FIGURE 9    CLASS I SEGMENT TO HOLD LARGER SHARE OF MLCCS MARKET,
BY DIELECTRIC TYPE, DURING FORECAST PERIOD    48
FIGURE 10    LOW RATED VOLTAGE SEGMENT TO REGISTER HIGHEST CAGR
DURING FORECAST PERIOD    49
FIGURE 11    MLCC MARKET FOR AUTOMOTIVE END-USER INDUSTRY TO REGISTER HIGHEST CAGR BETWEEN 2022 AND 2027    49
FIGURE 12    ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF GLOBAL
MLCC MARKET IN 2021    50
4    PREMIUM INSIGHTS    51
4.1    ATTRACTIVE OPPORTUNITIES IN MULTILAYER CERAMIC CAPACITOR (MLCC) MARKET    51
FIGURE 13    INCREASING DEMAND FOR MLCCS IN AUTOMOTIVE INDUSTRY TO
FUEL MARKET GROWTH    51
4.2    MLCC MARKET, BY CLASS I DIELECTRIC TYPE    51
FIGURE 14    C0G (NP0) SEGMENT TO HOLD LARGEST SHARE OF MLCC MARKET FOR CLASS I DIELECTRIC TYPE DURING FORECAST PERIOD    51
4.3    MLCC MARKET IN ASIA PACIFIC, BY END-USER INDUSTRY AND COUNTRY    52
FIGURE 15    ELECTRONICS END-USER INDUSTRY AND CHINA TO ACCOUNT FOR LARGEST SHARES OF ASIA PACIFIC MLCC MARKET IN 2022    52
4.4    MLCC MARKET, BY END-USER INDUSTRY    53
FIGURE 16    AUTOMOTIVE END-USER INDUSTRY TO REGISTER HIGHEST CAGR
DURING FORECAST PERIOD    53
4.5    MLCC MARKET, BY COUNTRY    53
FIGURE 17    CHINA TO DOMINATE GLOBAL MLCC MARKET DURING FORECAST PERIOD    53
5    MARKET OVERVIEW    54
5.1    INTRODUCTION    54
5.2    MARKET DYNAMICS    55
FIGURE 18    MLCC MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    55
5.2.1    DRIVERS    56
FIGURE 19    IMPACT OF DRIVERS ON MLCC MARKET    56
5.2.1.1    Growing demand from automotive industry due to advent of EVs    56
FIGURE 20    APPROX. UNITS OF MLCCS REQUIRED IN AUTOMOTIVES BASED ON
TYPE OF IN-VEHICLE USE    57
5.2.1.2    Increasing adoption of MLCCs in telecommunications end-user industry due to rapid development of 5G technology    57
5.2.1.3    Rising incorporation of MLCCs in smartphones, smart wearables,
and other electronic devices    58
FIGURE 21    APPROX. UNITS OF MLCCS REQUIRED IN DIFFERENT ELECTRONIC DEVICES    59
5.2.2    RESTRAINTS    60
FIGURE 22    IMPACT OF RESTRAINTS ON MLCC MARKET    60
5.2.2.1    Global shortage of MLCCs    60
5.2.2.2    Advanced micro-level technical competence required for
developing MLCCs    61
5.2.3    OPPORTUNITIES    61
FIGURE 23    IMPACT OF OPPORTUNITIES ON MLCC MARKET    61
5.2.3.1    Emergence of Internet of Things (IoT)    62
FIGURE 24    EXPECTED GLOBAL NUMBER OF IOT CONNECTIONS BY 2025    62
5.2.3.2    Recent advancements in medium-high voltage and kV
application MLCCs    62
5.2.4    CHALLENGES    63
FIGURE 25    IMPACT OF CHALLENGES ON MLCC MARKET    63
5.2.4.1    Challenges associated with miniaturization of MLCCs    63
5.3    VALUE CHAIN ANALYSIS    64
FIGURE 26    VALUE CHAIN ANALYSIS OF MLCC ECOSYSTEM: MANUFACTURING, ASSEMBLY, AND SYSTEM INTEGRATION PHASES CONTRIBUTE MOST VALUE    64
5.3.1    PLANNING AND REVISING FUNDS    65
5.3.2    RESEARCH AND DEVELOPMENT    65
5.3.3    MANUFACTURING AND TESTING    65
5.3.4    DISTRIBUTION AND AFTER-SALES SERVICES    66
5.4    ECOSYSTEM    66
FIGURE 27    MULTILAYER CERAMIC CAPACITOR ECOSYSTEM    66
TABLE 1    LIST OF COMPANIES AND THEIR ROLE IN MLCC ECOSYSTEM    67
5.5    PRICING ANALYSIS    68
5.5.1    AVERAGE SELLING PRICES OF KEY PLAYERS, BY END-USER INDUSTRY    68
FIGURE 28    AVERAGE SELLING PRICES OF PRODUCTS OFFERED BY KEY PLAYERS FOR TOP 3 END-USER INDUSTRIES    69
TABLE 2    AVERAGE SELLING PRICES OF KEY PLAYERS FOR TOP 3 END-USER INDUSTRIES (USD)    69
5.5.2    AVERAGE SELLING PRICE TREND    70
FIGURE 29    MULTILAYER CERAMIC CAPACITOR MARKET:
AVERAGE SELLING PRICE TREND    70
5.6    TRENDS IMPACTING CUSTOMERS’ BUSINESSES    71
FIGURE 30    REVENUE SHIFT IN MULTILAYER CERAMIC CAPACITOR MARKET    72
5.7    TECHNOLOGY TRENDS    72
5.7.1    ADVANCEMENTS IN MANUFACTURING TECHNOLOGIES AND
MATERIAL PROCESSING TECHNOLOGIES    72
TABLE 3    MATERIAL PROCESSING TECHNOLOGIES FOR MULTILAYER
CERAMIC CAPACITORS    73
TABLE 4    MANUFACTURING TECHNOLOGIES FOR MULTILAYER CERAMIC CAPACITORS    74
5.7.2    RECENT DEVELOPMENTS IN IMPROVING FAIL-SAFE FEATURE OF MLCCS FOR INDUSTRIAL AND AUTOMOTIVE-GRADE RELIABILITY    75
5.7.3    INCREASING FOCUS ON MINIATURIZATION OF MLCCS WHILE INCREASING CAPACITANCE PERFORMANCE    76
5.8    PORTER’S FIVE FORCES ANALYSIS    77
FIGURE 31    PORTER’S FIVE FORCES ANALYSIS    77
TABLE 5    MLCC MARKET: PORTER’S FIVE FORCES ANALYSIS    77
5.8.1    THREAT OF NEW ENTRANTS    78
5.8.2    THREAT OF SUBSTITUTES    78
5.8.3    BARGAINING POWER OF BUYERS    78
5.8.4    BARGAINING POWER OF SUPPLIERS    79
5.8.5    INTENSITY OF COMPETITIVE RIVALRY    79
5.9    KEY STAKEHOLDERS & BUYING CRITERIA    80
5.9.1    KEY STAKEHOLDERS IN BUYING PROCESS    80
FIGURE 32    INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3
END-USER INDUSTRIES    80
TABLE 6    INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3
END-USER INDUSTRIES (%)    80
5.9.2    BUYING CRITERIA    81
FIGURE 33    KEY BUYING CRITERIA FOR TOP 3 END-USER INDUSTRIES    81
TABLE 7    KEY BUYING CRITERIA FOR TOP 3 END-USER INDUSTRIES    81
5.10    CASE STUDIES    82
5.10.1    MURATA (JAPAN) INTRODUCED MULTILAYER CERAMIC CAPACITORS
FOR 5G SMARTPHONES    82
5.10.2    TDK (JAPAN) DEVELOPED MLCC WITH ZL CHARACTERISTICS FOR ULTRASONIC PARKING ASSIST    82
5.10.3    TDK (JAPAN) OFFERS CA SERIES AND CN SERIES MLCCS FOR ESTABLISHING STABLE AUTOMOTIVE POWER SYSTEMS AND EMI SUPRESSION    83
5.10.4    KEMET MINIATURIZED HIGH-VOLTAGE BME X7R MULTILAYER
CERAMIC CAPACITORS BY SUPPRESSING SURFACE ARCING FOR AUTOMOTIVE APPLICATIONS    84
5.10.5    MULTILAYER CERAMIC CAPACITORS FOR TELECOMMUNICATIONS INDUSTRY AND 5G SMARTPHONES    84
5.11    TRADE ANALYSIS    85
5.11.1    IMPORT SCENARIO    85
5.11.1.1    Import scenario for the MLCC market    85
FIGURE 34    MPORT DATA FOR FIXED ELECTRICAL CAPACITORS, CERAMIC DIELECTRIC, MULTILAYER (EXCLUDING POWER CAPACITORS) IN MARKET FOR TOP SEVEN COUNTRIES, 2016–2021 (USD MILLION)    86
5.11.2    EXPORT SCENARIO    86
5.11.2.1    Export scenario for MLCC market    86
FIGURE 35    EXPORT DATA FOR FIXED ELECTRICAL CAPACITORS, CERAMIC DIELECTRIC, MULTILAYER (EXCLUDING POWER CAPACITORS) IN MARKET FOR TOP SEVEN COUNTRIES, 2016–2021 (USD MILLION)    87

5.12    PATENT ANALYSIS    87
TABLE 8    TOP 14 PATENT OWNERS IN LAST 10 YEARS (2012–2021)    87
TABLE 9    PATENTS FILED FOR MLCCS, 2021–2020    88
FIGURE 36    MLCC PATENTS GRANTED FROM 2012 TO 2021    91
FIGURE 37    TOP 10 COMPANIES WITH LARGEST NUMBER OF PATENT APPLICATIONS FOR MLCCS, 2012–2021    92
5.13    KEY CONFERENCES & EVENTS IN 2022–2023    92
TABLE 10    MULTILAYER CERAMIC CAPACITOR MARKET: DETAILED LIST OF CONFERENCES & EVENTS    92
5.14    TARIFFS AND REGULATIONS    93
5.14.1    TARIFFS    93
TABLE 11    JAPAN: MFN TARIFFS FOR FIXED ELECTRICAL CAPACITORS,
CERAMIC DIELECTRIC, MULTILAYER (EXCLUDING POWER CAPACITORS),
BY KEY COUNTRY    93
TABLE 12    CHINA: FIXED ELECTRICAL CAPACITORS, CERAMIC DIELECTRIC, MULTILAYER (EXCLUDING POWER CAPACITORS), BY KEY COUNTRY    94
5.14.1.1    Positive impact of tariffs on MLCC ecosystem    94
5.14.1.2    Negative impact of tariffs on MLCC ecosystem    94
5.14.2    REGULATIONS AND STANDARDS    95
FIGURE 38    VARIOUS STANDARDS & REGULATIONS FOR MULTILAYER CERAMIC CAPACITORS    95
5.14.2.1    International standards & regulatory compliances    95
5.14.2.1.1    ISO 9001    95
5.14.2.1.2    ISO 14001:2004    95
5.14.2.1.3    ISO/ TS 16949:2009    96
5.14.2.1.4    Halogen free compliance    96
5.14.2.1.5    HSPM QC 080000 certification    96
5.14.2.1.6    AEC-Q200    96
5.14.2.2    Regulations for different regions    97
TABLE 13    REGULATIONS FOR DIFFERENT REGIONS    97
6    MULTILAYER CERAMIC CAPACITOR MARKET, BY TYPE    99
6.1    INTRODUCTION    99
FIGURE 39    MLCC MARKET: BY TYPE    100
6.2    GENERAL PURPOSE    100
TABLE 14    PLAYERS OFFERING GENERAL-PURPOSE MLCC    101
6.3    ARRAY    101
TABLE 15    PLAYERS OFFERING ARRAY TYPE MLCC    102
6.4    MEGACAP    102
TABLE 16    PLAYERS OFFERING MEGACAP TYPE MLCC    103
6.5    SERIAL DESIGN    103
TABLE 17    APPLICATIONS OF SERIAL DESIGN TYPE MLCC IN KEY END-USER INDUSTRIES    104
6.6    OTHER TYPES    104
TABLE 18    FEW MAJOR APPLICATIONS OF SERIAL DESIGN-TYPE MLCC    104
7    MULTILAYER CERAMIC CAPACITOR MARKET, BY DIELECTRIC TYPE    105
7.1    INTRODUCTION    106
FIGURE 40    MLCC MARKET: BY DIELECTRIC TYPE    106
FIGURE 41    CLASS I DIELECTRIC TYPE TO ACCOUNT FOR LARGER SIZE OF MLCC MARKET DURING FORECAST PERIOD    106
TABLE 19    MLCC MARKET, BY DIELECTRIC TYPE, 2018–2021 (USD MILLION)    107
TABLE 20    MLCC MARKET, BY DIELECTRIC TYPE, 2022–2027 (USD MILLION)    107
7.2    CLASS I    108
TABLE 21    CLASS I DIELECTRIC TYPE MLCC MARKET, 2018–2021 (USD MILLION)    108
TABLE 22    CLASS I DIELECTRIC TYPE MLCC MARKET, 2022–2027 (USD MILLION)    108
TABLE 23    CLASS I DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY,
2018–2021 (USD MILLION)    109
FIGURE 42    ELECTRONICS END-USER INDUSTRY TO DOMINATE CLASS I MLCC MARKET DURING FORECAST PERIOD    109
TABLE 24    CLASS I DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY,
2022–2027 (USD MILLION)    109
TABLE 25    CLASS I DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE,
2018–2021 (USD MILLION)    110
TABLE 26    CLASS I DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE,
2022–2027 (USD MILLION)    110
7.2.1    C0G (NP0)    111
7.2.1.1    C0G MLCCs offer advantages of low capacitance, significantly low electrical losses, high stability, and high accuracy    111
TABLE 27    C0G (NP0) DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)    111
TABLE 28    C0G (NP0) DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)    112
TABLE 29    C0G (NP0) DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE,
2018–2021 (USD MILLION)    112
TABLE 30    C0G (NP0) DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE,
2022–2027 (USD MILLION)    112
7.2.2    X8G    113
7.2.2.1    X8G MLCCs are designed for applications that require great durability and capacitance stability at high temperatures    113
TABLE 31    X8G DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY,
2018–2021 (USD MILLION)    113
TABLE 32    X8G DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY,
2022–2027 (USD MILLION)    113
TABLE 33    X8G DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE,
2018–2021 (USD MILLION)    114
TABLE 34    X8G DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE,
2022–2027 (USD MILLION)    114
7.2.3    U2J    114
7.2.3.1    U2J dielectric MLCC offers high stability as that of Class I dielectric and high capacitance similar to that of Class II dielectrics    114
TABLE 35    U2J DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY,
2018–2021 (USD MILLION)    115
TABLE 36    U2J DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY,
2022–2027 (USD MILLION)    115
TABLE 37    U2J DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE,
2018–2021 (USD MILLION)    115
TABLE 38    U2J DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE,
2022–2027 (USD MILLION)    116
7.2.4    OTHER CLASS I    116
TABLE 39    OTHER CLASS I DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)    116
TABLE 40    OTHER CLASS I DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)    117
TABLE 41    OTHER CLASS I DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE,
2018–2021 (USD MILLION)    117
TABLE 42    OTHER CLASS I DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE,
2022–2027 (USD MILLION)    117
7.3    CLASS II    118
TABLE 43    CLASS II DIELECTRIC TYPE MLCC MARKET, 2018–2021 (USD MILLION)    118
TABLE 44    CLASS II DIELECTRIC TYPE MLCC MARKET, 2022–2027 (USD MILLION)    119
TABLE 45    CLASS II DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY,
2018–2021 (USD MILLION)    119
FIGURE 43    CLASS II MLCC MARKET FOR AUTOMOTIVE END-USER INDUSTRY TO GROW AT FASTEST CAGR DURING THE FORECAST PERIOD    119
TABLE 46    CLASS II DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY,
2022–2027 (USD MILLION)    120
TABLE 47    CLASS II DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE,
2018–2021 (USD MILLION)    120
TABLE 48    CLASS II DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE,
2022–2027 (USD MILLION)    120
7.3.1    X7R    121
7.3.1.1    X7R MLCCs are ideal for bypass and decoupling applications    121
TABLE 49    X7R DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY,
2018–2021 (USD MILLION)    121
TABLE 50    X7R DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY,
2022–2027 (USD MILLION)    122
TABLE 51    X7R DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE,
2018–2021 (USD MILLION)    122
TABLE 52    X7R DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE,
2022–2027 (USD MILLION)    122
7.3.2    X5R    123
7.3.2.1    X5R MLCCs are ideal for applications that require high capacitance    123
TABLE 53    X5R DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY,
2018–2021 (USD MILLION)    123
TABLE 54    X5R DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY,
2022–2027 (USD MILLION)    124
TABLE 55    X5R DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE,
2018–2021 (USD MILLION)    124
TABLE 56    X5R DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE,
2022–2027 (USD MILLION)    124
7.3.3    Y5V    125
7.3.3.1    Y5V dielectric MLCCs are intended for general-purpose use in limited temperature ranges    125
TABLE 57    Y5V DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY,
2018–2021 (USD MILLION)    125
TABLE 58    Y5V DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY,
2022–2027 (USD MILLION)    125
TABLE 59    Y5V DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE,
2018–2021 (USD MILLION)    126
TABLE 60    Y5V DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE,
2022–2027 (USD MILLION)    126
7.3.4    X7S    126
7.3.4.1    Demand for X7S MLCCs to be driven by their small size and high capacitance features    126
TABLE 61    X7S DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY,
2018–2021 (USD MILLION)    127
TABLE 62    X7S DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY,
2022–2027 (USD MILLION)    128
TABLE 63    X7S DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE,
2018–2021 (USD MILLION)    128
TABLE 64    X7S DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE,
2022–2027 (USD MILLION)    128
7.3.5    OTHER CLASS II    129
TABLE 65    OTHER CLASS II DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)    129
TABLE 66    OTHER CLASS II DIELECTRIC TYPE MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)    129
TABLE 67    OTHER CLASS II DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)    130
TABLE 68    OTHER CLASS II DIELECTRIC TYPE MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)    130
8    MULTILAYER CERAMIC CAPACITOR MARKET, BY RATED VOLTAGE    131
8.1    INTRODUCTION    132
FIGURE 44    MLCC MARKET: BY RATED VOLTAGE    132
FIGURE 45    LOW RATED VOLTAGE SEGMENT TO DOMINATE MLCC MARKET
DURING FORECAST PERIOD    133
TABLE 69    MLCC MARKET, BY RATED VOLTAGE, 2018–2021 (USD MILLION)    133
TABLE 70    MLCC MARKET, BY RATED VOLTAGE, 2022–2027 (USD MILLION)    133
8.2    LOW RATED VOLTAGE (UP TO 50 V)    134
8.2.1    MINIATURIZATION OF ICS IN ELECTRONICS DRIVES MARKET FOR
LOW RATED VOLTAGE MLCCS    134
TABLE 71    LOW RATED VOLTAGE MLCC MARKET, BY DIELECTRIC TYPE,
2018–2021 (USD MILLION)    134
TABLE 72    LOW RATED VOLTAGE MLCC MARKET, BY DIELECTRIC TYPE,
2022–2027 (USD MILLION)    134

8.3    MEDIUM RATED VOLTAGE (100 V–630 V)    135
8.3.1    MEDIUM RATED VOLTAGE MLCCS HAVE GOOD CAPACITANCE TO
VOLUME RATIO    135
TABLE 73    MEDIUM RATED VOLTAGE MLCC MARKET, BY DIELECTRIC TYPE,
2018–2021 (USD MILLION)    135
TABLE 74    MEDIUM RATED VOLTAGE MLCC MARKET, BY DIELECTRIC TYPE,
2022–2027 (USD MILLION)    135
8.4    HIGH RATED VOLTAGE (1,000 V & ABOVE)    136
8.4.1    HIGH RATED VOLTAGE MLCCS USE MULTI-LAYERING TECHNOLOGIES
AND ADVANCED CERAMIC DIELECTRIC THIN LAYERS TO OFFER
HIGH CAPACITANCE    136
TABLE 75    HIGH RATED VOLTAGE MLCC MARKET, BY DIELECTRIC TYPE,
2018–2021 (USD MILLION)    136
TABLE 76    HIGH RATED VOLTAGE MLCC MARKET, BY DIELECTRIC TYPE,
2022–2027 (USD MILLION)    136
9    MULTILAYER CERAMIC CAPACITOR MARKET, BY END-USER INDUSTRY    138
9.1    INTRODUCTION    139
FIGURE 46    MLCC MARKET: BY END-USER INDUSTRY    139
FIGURE 47    MLCC MARKET FOR AUTOMOTIVE TO GROW AT FASTEST CAGR
DURING FORECAST PERIOD    140
TABLE 77    MLCC MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)    140
TABLE 78    MLCC MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)    140
9.2    ELECTRONICS    141
9.2.1    CONSOLIDATING TREND OF MINIATURIZATION OF ELECTRONIC COMPONENTS TO FUEL DEMAND FOR MLCCS IN ELECTRONICS INDUSTRY    141
TABLE 79    MLCC MARKET FOR ELECTRONICS END-USER INDUSTRY, BY DIELECTRIC TYPE, 2018–2021 (USD MILLION)    141
TABLE 80    MLCC MARKET FOR ELECTRONICS END-USER INDUSTRY, BY DIELECTRIC TYPE, 2022–2027 (USD MILLION)    142
TABLE 81    MLCC MARKET FOR ELECTRONICS END-USER INDUSTRY, BY REGION,
2018–2021 (USD MILLION)    142
TABLE 82    MLCC MARKET FOR ELECTRONICS END-USER INDUSTRY, BY REGION,
2022–2027 (USD MILLION)    142
9.3    AUTOMOTIVE    143
9.3.1    ADOPTION OF ADAS AND INFOTAINMENT SYSTEMS FUELS DEMAND FOR MLCCS IN AUTOMOTIVE END-USER INDUSTRY    143
TABLE 83    MLCC MARKET FOR AUTOMOTIVE END-USER INDUSTRY, BY DIELECTRIC TYPE, 2018–2021 (USD MILLION)    143
TABLE 84    MLCC MARKET FOR AUTOMOTIVE END-USER INDUSTRY, BY DIELECTRIC TYPE, 2022–2027 (USD MILLION)    144
FIGURE 48    ASIA PACIFIC TO DOMINATE MLCC MARKET FOR AUTOMOTIVE END-USER INDUSTRY DURING FORECAST PERIOD    144
TABLE 85    MLCC MARKET FOR AUTOMOTIVE END-USER INDUSTRY, BY REGION,
2018–2021 (USD MILLION)    144
TABLE 86    MLCC MARKET FOR AUTOMOTIVE END-USER INDUSTRY, BY REGION,
2022–2027 (USD MILLION)    145

9.4    TELECOMMUNICATIONS    145
9.4.1    ADVENT OF 5G AND IOT IS EXPECTED TO AUGMENT DEMAND FOR MLCCS IN TELECOMMUNICATIONS INDUSTRY    145
TABLE 87    MLCC MARKET FOR TELECOMMUNICATIONS END-USER INDUSTRY,
BY DIELECTRIC TYPE, 2018–2021 (USD MILLION)    146
TABLE 88    MLCC MARKET FOR TELECOMMUNICATIONS END-USER INDUSTRY,
BY DIELECTRIC TYPE, 2022–2027 (USD MILLION)    146
TABLE 89    MLCC MARKET FOR TELECOMMUNICATIONS END-USER INDUSTRY,
BY REGION, 2018–2021 (USD MILLION)    146
TABLE 90    MLCC MARKET FOR TELECOMMUNICATIONS END-USER INDUSTRY,
BY REGION, 2022–2027 (USD MILLION)    147
9.5    INDUSTRIAL EQUIPMENT    147
9.5.1    INCREASING AUTOMATION AND ADVENT OF IIOT AND INDUSTRY 4.0 SUPPORT MLCC MARKET GROWTH    147
TABLE 91    MLCC MARKET FOR INDUSTRIAL EQUIPMENT END-USER INDUSTRY,
BY DIELECTRIC TYPE, 2018–2021 (USD MILLION)    148
TABLE 92    MLCC MARKET FOR INDUSTRIAL EQUIPMENT END-USER INDUSTRY,
BY DIELECTRIC TYPE, 2022–2027 (USD MILLION)    148
TABLE 93    MLCC MARKET FOR INDUSTRIAL EQUIPMENT END-USER INDUSTRY,
BY REGION, 2018–2021 (USD MILLION)    148
TABLE 94    MLCC MARKET FOR INDUSTRIAL EQUIPMENT END-USER INDUSTRY,
BY REGION, 2022–2027 (USD MILLION)    149
9.6    OTHER END-USER INDUSTRIES    149
TABLE 95    MLCC MARKET FOR OTHER END-USER INDUSTRIES, BY DIELECTRIC TYPE, 2018–2021 (USD MILLION)    150
TABLE 96    MLCC MARKET FOR OTHER END-USER INDUSTRIES, BY DIELECTRIC TYPE, 2022–2027 (USD MILLION)    150
TABLE 97    MLCC MARKET FOR OTHER END-USER INDUSTRIES, BY REGION,
2018–2021 (USD MILLION)    150
TABLE 98    MLCC MARKET FOR OTHER END-USER INDUSTRIES, BY REGION,
2022–2027 (USD MILLION)    151
10    GEOGRAPHIC ANALYSIS    152
10.1    INTRODUCTION    153
FIGURE 49    MLCC MARKET IN CHINA TO REGISTER HIGHEST CAGR FROM 2022 TO 2027    153
FIGURE 50    ASIA PACIFIC TO DOMINATE MLCC MARKET DURING FORECAST PERIOD    154
TABLE 99    MLCC MARKET, BY REGION, 2018–2021 (USD MILLION)    154
TABLE 100    MLCC MARKET, BY REGION, 2022–2027 (USD MILLION)    154
10.2    NORTH AMERICA    155
FIGURE 51    SNAPSHOT: MULTILAYER CERAMIC CAPACITOR MARKET IN NORTH AMERICA    156
TABLE 101    NORTH AMERICA: MLCC MARKET, BY COUNTRY, 2018–2021 (USD MILLION)    156
TABLE 102    NORTH AMERICA: MLCC MARKET, BY COUNTRY, 2022–2027 (USD MILLION)    157
TABLE 103    NORTH AMERICA: MLCC MARKET, BY END-USER INDUSTRY,
2018–2021 (USD MILLION)    157
TABLE 104    NORTH AMERICA: MLCC MARKET, BY END-USER INDUSTRY,
2022–2027 (USD MILLION)    157

10.2.1    US    158
10.2.1.1    Aggressive 5G deployment will foster MLCC market growth in US    158
10.2.2    CANADA    158
10.2.2.1    Rapid adoption of 5G networks and IoT to boost demand for
MLCCs in Canada    158
10.2.3    MEXICO    159
10.2.3.1    Expanding economy and government initiatives for developing automotive industry to drive MLCC market in Mexico    159
10.3    EUROPE    160
FIGURE 52    SNAPSHOT: MULTILAYER CERAMIC CAPACITOR MARKET IN EUROPE    161
TABLE 105    EUROPE: MLCC MARKET, BY COUNTRY, 2018–2021 (USD MILLION)    161
TABLE 106    EUROPE: MLCC MARKET, BY COUNTRY, 2022–2027 (USD MILLION)    162
TABLE 107    EUROPE: MLCC MARKET, BY END-USER INDUSTRY,
2018–2021 (USD MILLION)    162
TABLE 108    EUROPE: MLCC MARKET, BY END-USER INDUSTRY,
2022–2027 (USD MILLION)    162
10.3.1    GERMANY    163
10.3.1.1    Large production volume of EVs and presence of several major automotive manufacturers to drive MLCC market in Germany    163
10.3.2    FRANCE    164
10.3.2.1    Investments in EV production to boost demand for MLCCs in France    164
10.3.3    UK    164
10.3.3.1    Rapid development of 5G infrastructure and deployment of IoT devices drives market growth in UK    164
10.3.4    REST OF EUROPE    165
10.4    ASIA PACIFIC    165
FIGURE 53    SNAPSHOT: MULTILAYER CERAMIC CAPACITOR MARKET IN ASIA PACIFIC    166
TABLE 109    ASIA PACIFIC: MLCC MARKET, BY COUNTRY, 2018–2021 (USD MILLION)    167
TABLE 110    ASIA PACIFIC: MLCC MARKET, BY COUNTRY, 2022–2027 (USD MILLION)    167
TABLE 111    ASIA PACIFIC: MLCC MARKET, BY END-USER INDUSTRY,
2018–2021 (USD MILLION)    167
TABLE 112    ASIA PACIFIC: MLCC MARKET, BY END-USER INDUSTRY,
2022–2027 (USD MILLION)    168
10.4.1    CHINA    168
10.4.1.1    5G development initiatives to drive market growth in China    168
10.4.2    INDIA    169
10.4.2.1    Initiatives for development of 5G, IoT, and electric vehicles will drive MLCC market in India during forecast period    169
10.4.3    JAPAN    170
10.4.3.1    Presence of leading players to drive market for MLCCs in Japan    170
10.4.4    SOUTH KOREA    171
10.4.4.1    Presence of world’s third-largest electronics manufacturing industry favors MLCC market growth in South Korea    171
10.4.5    REST OF ASIA PACIFIC    171

10.5    REST OF WORLD    172
FIGURE 54    SNAPSHOT: MULTILAYER CERAMIC CAPACITOR MARKET IN ROW    172
TABLE 113    REST OF WORLD: MLCC MARKET, BY COUNTRY, 2018–2021 (USD MILLION)    173
TABLE 114    REST OF WORLD: MLCC MARKET, BY COUNTRY, 2022–2027 (USD MILLION)    173
TABLE 115    REST OF WORLD: MLCC MARKET, BY END-USER INDUSTRY,
2018–2021 (USD MILLION)    173
TABLE 116    REST OF WORLD: MLCC MARKET, BY END-USER INDUSTRY,
2022–2027 (USD MILLION)    174
10.5.1    SOUTH AMERICA    174
10.5.1.1    Growing smartphone adoption and internet usage to augment demand for MLCCs in South America    174
10.5.2    MIDDLE EAST    175
TABLE 117    MIDDLE EAST: MLCC MARKET, BY COUNTRY, 2018–2021 (USD MILLION)    175
TABLE 118    MIDDLE EAST: MLCC MARKET, BY COUNTRY, 2022–2027 (USD MILLION)    175
10.5.2.1    Saudi Arabia    175
10.5.2.1.1    Demand for premium vehicles and 5G networking to enhance opportunities for MLCC players in Saudi Arabia    175
10.5.2.2    United Arab Emirates (UAE)    176
10.5.2.2.1    Deployment of 5G base stations to push MLCC market growth in UAE    176
10.5.2.3    Rest of Middle East    176
10.5.3    AFRICA    176
10.5.3.1    Rapidly growing electronics industry in Africa is expected to drive MLCC market    176
11    COMPETITIVE LANDSCAPE    177
11.1    OVERVIEW    177
11.2    KEY PLAYER STRATEGIES/RIGHT TO WIN    177
TABLE 119    OVERVIEW OF STRATEGIES DEPLOYED BY MLCC COMPANIES    177
11.2.1    PRODUCT PORTFOLIO    179
11.2.2    REGIONAL FOCUS    179
11.2.3    MANUFACTURING FOOTPRINT    179
11.2.4    ORGANIC/INORGANIC PLAY    180
11.3    TOP FIVE COMPANY REVENUE ANALYSIS    180
FIGURE 55    GLOBAL MLCC MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS,
2017–2021    180
11.4    MARKET SHARE ANALYSIS, 2021    181
TABLE 120    DEGREE OF COMPETITION, MLCC MARKET (2021)    181
11.5    COMPANY EVALUATION QUADRANT, 2021    184
11.5.1    STAR    184
11.5.2    EMERGING LEADER    184
11.5.3    PERVASIVE    184
11.5.4    PARTICIPANT    185
FIGURE 56    MLCC MARKET: COMPANY EVALUATION QUADRANT, 2021    185
11.6    STARTUP/SME EVALUATION QUADRANT, 2021    186
11.6.1    PROGRESSIVE COMPANY    186
11.6.2    RESPONSIVE COMPANY    186
11.6.3    DYNAMIC COMPANY    186
11.6.4    STARTING BLOCK    186
FIGURE 57    MLCC MARKET, STARTUP/SME EVALUATION QUADRANT, 2021    187
11.7    MLCC MARKET: COMPANY FOOTPRINT (15 COMPANIES)    188
TABLE 121    COMPANY FOOTPRINT    188
TABLE 122    COMPANY DIELECTRIC TYPE FOOTPRINT (15 COMPANIES)    188
TABLE 123    COMPANY RATED VOLTAGE FOOTPRINT (15 COMPANIES)    189
TABLE 124    COMPANY REGION FOOTPRINT (15 COMPANIES)    190
11.7.1    COMPETITIVE BENCHMARKING    190
TABLE 125    MLCC MARKET: DETAILED LIST OF KEY STARTUP/SMES    190
TABLE 126    MLCC MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES    191
11.8    COMPETITIVE SCENARIO AND TRENDS    193
11.8.1    PRODUCT LAUNCHES    193
TABLE 127    PRODUCT LAUNCHES, AUGUST 2021–JANUARY 2022    193
11.8.2    DEALS    194
TABLE 128    DEALS, JUNE 2020–JULY 2021    194
11.8.3    OTHERS    196
TABLE 129    EXPANSIONS, FEBRUARY 2020 - DECEMBER 2021    196
12    COMPANY PROFILES    197
12.1    KEY PLAYERS    197
(Business Overview, Products/Solutions Offered, Recent Developments, and MnM View)*
12.1.1    MURATA    197
TABLE 130    MURATA: BUSINESS OVERVIEW    198
FIGURE 58    MURATA: COMPANY SNAPSHOT    198
12.1.2    SAMSUNG ELECTRO-MECHANICS    203
TABLE 131    SAMSUNG ELECTRO-MECHANICS: BUSINESS OVERVIEW    203
FIGURE 59    SAMSUNG ELECTRO-MECHANICS: COMPANY SNAPSHOT    204
12.1.3    TAIYO YUDEN    209
TABLE 132    TAIYO YUDEN: BUSINESS OVERVIEW    209
FIGURE 60    TAIYO YUDEN: COMPANY SNAPSHOT    210
12.1.4    YAGEO    214
TABLE 133    YAGEO: BUSINESS OVERVIEW    214
FIGURE 61    YAGEO: COMPANY SNAPSHOT    215
12.1.5    WALSIN TECHNOLOGY (PSA)    220
TABLE 134    WALSIN TECHNOLOGY: BUSINESS OVERVIEW    220
FIGURE 62    WALSIN TECHNOLOGY: COMPANY SNAPSHOT    221
12.1.6    KYOCERA    225
TABLE 135    KYOCERA: BUSINESS OVERVIEW    226
FIGURE 63    KYOCERA: COMPANY SNAPSHOT    226
12.1.7    TDK    229
TABLE 136    TDK: BUSINESS OVERVIEW    229
FIGURE 64    TDK: COMPANY SNAPSHOT    230
12.1.8    VISHAY INTERTECHNOLOGY    234
TABLE 137    VISHAY INTERTECHNOLOGY: BUSINESS OVERVIEW    234
FIGURE 65    VISHAY INTERTECHNOLOGY: COMPANY SNAPSHOT    235
12.1.9    NIPPON CHEMI-CON    237
TABLE 138    NIPPON CHEMI-CON: BUSINESS OVERVIEW    237
FIGURE 66    NIPPON CHEMI-CON: COMPANY SNAPSHOT    238
12.1.10    DARFON ELECTRONICS    241
TABLE 139    DARFON ELECTRONICS: BUSINESS OVERVIEW    241
FIGURE 67    DARFON ELECTRONICS: COMPANY SNAPSHOT    242
12.2    OTHER KEY PLAYERS    244
12.2.1    SAMWHA CAPACITOR GROUP    244
12.2.2    MARUWA    245
12.2.3    HOLY STONE ENTERPRISE    246
12.2.4    EYANG TECHNOLOGY DEVELOPMENT    247
12.2.5    FUJIAN TORCH ELECTRON TECHNOLOGY    248
12.2.6    KNOWLES    249
12.2.7    WÜRTH ELEKTRONIK GROUP    250
12.2.8    NIC COMPONENTS    251
12.2.9    JOHANSON DIELECTRICS    252
12.2.10    EXXELIA    253
12.2.11    VIKING TECH    254
12.2.12    CALRAMIC TECHNOLOGIES    255
12.2.13    KINGTRONICS KT    256
12.2.14    SEMEC    257
12.2.15    SHANGHAI YONGMING ELECTRONIC (YMIN)    258
* Business Overview, Products/Solutions Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
13    ADJACENT AND RELATED MARKET    259
13.1    SUPERCAPACITOR MARKET    259
13.2    INTRODUCTION    259
FIGURE 68    SUPERCAPACITOR MARKET, BY ELECTRODE MATERIAL    259
TABLE 140    SUPERCAPACITOR MARKET, BY ELECTRODE MATERIAL,
2017–2025 (USD MILLION)    260
FIGURE 69    CARBON-BASED SUPERCAPACITORS SEGMENT TO HOLD LARGEST
SIZE OF MARKET FROM 2020 TO 2025    260
13.3    CARBON-BASED SUPERCAPACITORS    261
13.3.1    PREFERENCE OF CARBON AS ELECTRODE MATERIAL FOR
USE IN SUPERCAPACITORS    261
13.3.1.1    Activated carbon    261
13.3.1.2    Carbon nanotubes (CNT)    261
13.3.1.3    Graphene    262
13.3.1.4    Carbide-derived carbon (CDC)    262
13.3.1.5    Carbon aerogels    262
13.4    METAL OXIDE–BASED SUPERCAPACITORS    262
13.4.1    METAL OXIDES OFFER LARGE PSEUDOCAPACITANCE    262
13.4.1.1    Ruthenium oxide    262
13.4.1.2    Nickel oxide    263
13.4.1.3    Manganese oxide    263
13.5    CONDUCTING POLYMER–BASED SUPERCAPACITORS    263
13.5.1    USE OF CONDUCTING POLYMERS FOR DEVELOPING HIGH CONDUCTIVITY PSEUDOCAPACITIVE ELECTRODES    263
13.5.1.1    Polyaniline (PANI)    263
13.5.1.2    Polypyrrole    264
13.5.1.3    Polyacene    264
13.5.1.4    Polyacetylene    264
13.6    COMPOSITE-BASED SUPERCAPACITORS    264
13.6.1    RISE IN USE OF COMPOSITE ELECTRODES DEVELOPED FROM
CARBON-BASED MATERIALS IN HYBRID SUPERCAPACITORS    264
13.6.1.1    Carbon-carbon    264
13.6.1.2    Carbon-metal oxide    265
13.6.1.3    Carbon-conducting polymers    265
14    APPENDIX    266
14.1    INSIGHTS OF INDUSTRY EXPERTS    266
14.2    DISCUSSION GUIDE    267
14.3    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    270
14.4    AVAILABLE CUSTOMIZATIONS    272
14.5    RELATED REPORTS    272
14.6    AUTHOR DETAILS    273"