|Market Size in 2022||Market Forecast in 2030||CAGR (in %)||Base Year|
|USD 10.24 Billion||USD 15.29 Billion||5.17%||2022|
Leaded Multi-layer Ceramic Capacitors Market
The global leaded multi-layer ceramic capacitors market size was worth around USD 10.24 billion in 2022 and is predicted to grow to around USD 15.29 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.17% between 2023 and 2030.
In the electrical industry, a leaded multi-layer ceramic capacitor is a fixed capacitor with the ceramic material performing the role of dielectric. This variant of widely used ceramic conductors is manufactured by placing several layers of conductive plates with each layer separated from the surrounding ones with the help of ceramic dielectric. A multi-layer chip is produced by layering metals and ceramics in alternate positions. The chip thus created is then powered or equipped with lead wires and once the entire is coated with epoxy resins, it gives rise to leaded multi-layer ceramic capacitors or leaded MLCC. The main function of this electrical component is to store and release electrical energy when initiated. One of the associated characteristics of leaded MLCC causing high consumption in the electrical industry is the higher capacitance level imparted to the structural composition. For instance, the capacitance value of leaded MLCC may range from picofarads (pF) to microfarads (μF) and may go even higher depending on the final size. Moreover, since they are non-polarized unlike electrolytic capacitors, leaded MLCC can be used from both sides thus improving product application.
Growing consumption of consumer electronics to push market growth
The global leaded multi-layer ceramic capacitors market is projected to grow owing to the increasing demand and consumption of consumer electronics. Leaded MLCCs are used extensively during the production of items such as tablets, laptops, smartphones, remote controls, home appliances, power banks, gaming consoles, and almost all other regularly used products. With the increase in consumer base as the world population continues to grow along with the rise in buying capacity across developed and developing nations, the production rate for all types of consumer electronics will surge in the coming years further impacting the demand for high-performance leaded multi-layer ceramic capacitors. Additionally, consumer expectations and buying preference has evolved with buyers expecting better performance, quality, and durability when buying electronic items since they are not easily or quickly replaced. Such patterns have pushed manufacturers of digital systems to invest in research and innovation leading to higher sales. For instance, Samsung launched its latest 4K television set in the Indian market on 4h August 2023. The product includes 3 variants in terms of screen size.
Higher applications of leaded MLCC in the automotive sector to create a higher revenue stream
Leaded multi-layer ceramic capacitors are used in several electronic parts of all types of vehicles. With the global automotive industry evolving at a steady pace driven by the addition of new players and surging product portfolio diversification in existing brands, the consumption levels of leaded MLCC in this industry have grown tremendously. In July 2016, element14, a leading distributor of electronic components, announced that buyers could purchase radial-leaded multilayer ceramic capacitors from Vishay on their website. The MLCC is designed to withstand the harshest automotive operating situations and environments with the operating temperature going up to +175°C.
Unsuitability of leaded MLCC for high voltage could restrict market expansion
Although products available in the global leaded multi-layer ceramic capacitors market have a wide range of voltage ratings, they may not be suitable for applications and end-products subjected to high voltage. In such cases, end-users may invest in other alternatives such as high-performance capacitors. In addition to this, the energy storage capacity of leaded MLCC is lower as compared to the counterparts further diminishing their application possibilities. There have been growing cases of items manufactured using leaded MLCC exhibiting microphonic effects. This means the voltage applied to the capacitors can lead to acoustic noise and mechanical vibrations. Such performance limitations can cause a significant loss of revenue.
Rising investments in 5G technology to create growth opportunities
Leaded multi-layer ceramic capacitors are expected to play a crucial role in shaping the upcoming 5G wireless telecommunication industry where these capacitors will be used in almost all components of 5G systems. In January 2021, Samsung Electro-Mechanics Co. announced that it had successfully developed the world’s slimmest MLCC with a structure showcasing 3 sockets that can be used in 5G smartphones. On the other hand, in March 2021, Japan-based Murata Manufacturing launched the GRM011R60J104M. It is an MLCC with the largest capacitance in the world. The value stands at 0.1 μF in the world’s smallest* 0201M (0.25 x 0.125 mm) size and is expected to be used for 5G smartphones.
Challenging situations arising in balancing supply and demand for leaded MLCC to cause market disruption
One of the key issues faced by the leaded multi-layer ceramic capacitors industry consumers and suppliers is creating a balance between supply and demand for leaded MLCC. This is influenced by the fluctuating demand for consumer electronics as the industry sometimes witnesses higher sales and at certain times, the consumption rate may fall significantly. Moreover, the changing international trade relationships have further caused several obstructions in the smooth supply of these capacitors. Other factors that could create additional problems include rapidly changing technology in the electronics field leading to the risk of obsolescence and extreme competition in the leaded multi-layer ceramic capacitors industry.
The global leaded multi-layer ceramic capacitors market is segmented based on application, type, and region.
Based on application, the global market segments are industrial machinery, consumer electronics, defense, automotive, and others. The highest growth was observed in the consumer electronics segment in 2022 driven by the excess demand for electronic items such as smartphones and video games. The introduction of virtual reality in the gaming industry has assisted in improving consumer experience leading to higher sales of gaming products and consoles. Leading game manufacturer, PlayStation, has sold over 40 million copies of its latest product PS5 5 since it debuted in November 2020. Another factor driving the sale of consumer electronics is the growing number of people watching entertainment programs on portable devices or television sets instead of going to brick-and-mortar units such as theaters. In a recent study, the number of people preferring to stream entertainment programs online jumped from 15% in 2020 to 36% in 2022.
Based on type, the leaded multi-layer ceramic capacitors industry is divided into axial lead type and radial lead type. The latter may witness the highest growth rate during the forecast period as it holds dominance over the majority segmental share. In this variant, the lead component is placed at 90° from the capacitor body and is mainly used in applications with space constraints. The increasing demand for miniaturization in the electronics industry could contribute to segmental expansion. Axis lead types are used in objects that may be subject to higher mechanical stress.
|Report Attributes||Report Details|
|Report Name||Leaded Multi-layer Ceramic Capacitors Market|
|Market Size in 2022||USD 10.24 Billion|
|Market Forecast in 2030||USD 15.29 Billion|
|Growth Rate||CAGR of 5.17%|
|Number of Pages||218|
|Key Companies Covered||AVX Corporation, Murata Manufacturing Co. Ltd., Samsung Electro-Mechanics Co. Ltd., TDK Corporation, Würth Elektronik GmbH & Co. KG, Kyocera Corporation, Chaozhou Three-Circle (Group) Co. Ltd., Taiyo Yuden Co. Ltd., Vishay Intertechnology Inc., KEMET Corporation, Samwha Capacitor Group, Yageo Corporation, Holy Stone Enterprise Co. Ltd., Panasonic Corporation, Fenghua Advanced Technology Holdings Co. Ltd., and others.|
|Segments Covered||By Application, By Type, and By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)|
|Historical Year||2017 to 2021|
|Forecast Year||2023 - 2030|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
Asia-Pacific to witness the highest growth during the forecast period
The global leaded multi-layer ceramic capacitors market will witness the highest growth rate in Asia-Pacific. The region is home to some of the largest capacitor-producing countries in the world. This includes nations such as Japan, China, Taiwan, and South Korea. Additionally, other nations including India are eyeing the electronics industry and the regional government is investing heavily in improving production lines to contribute to the rising global demand for electronic components. Furthermore, the domestic consumption of consumer electronics has reached new levels in recent times as a result of growing middle-income groups and higher accessibility to electronic items impacted by higher sales registered on e-commerce websites and online sales platforms. Growth in product awareness and the production of products across price ranges including affordable and luxury items has assisted market players to tap into a broader group of consumers. Moreover, the adoption of leaded MLCC in the growing regional automotive industry has further pushed revenue in Asia-Pacific. In the first half of 2023, Japan-based Toyota witnessed a jump in global sales by 5.1%
The global leaded multi-layer ceramic capacitors market is led by players like:
In the electrical industry, a leaded multi-layer ceramic capacitor is a fixed capacitor with the ceramic material performing the role of a dielectric.
The global leaded multi-layer ceramic capacitors market is projected to grow owing to the increasing demand and consumption of consumer electronics.
According to study, the global leaded multi-layer ceramic capacitors market size was worth around USD 10.24 billion in 2022 and is predicted to grow to around USD 15.29 billion by 2030.
The CAGR value of the leaded multi-layer ceramic capacitors market is expected to be around 5.17% during 2023-2030.
The global leaded multi-layer ceramic capacitors market will witness the highest growth rate in Asia-Pacific.
The global leaded multi-layer ceramic capacitors market is led by players like AVX Corporation, Murata Manufacturing Co., Ltd., Samsung Electro-Mechanics Co., Ltd., TDK Corporation, Würth Elektronik GmbH & Co. KG, Kyocera Corporation, Chaozhou Three-Circle (Group) Co., Ltd., Taiyo Yuden Co., Ltd., Vishay Intertechnology, Inc., KEMET Corporation, Samwha Capacitor Group, Yageo Corporation, Holy Stone Enterprise Co., Ltd., Panasonic Corporation, and Fenghua Advanced Technology Holdings Co., Ltd.
The report explores crucial aspects of the leaded multi-layer ceramic capacitors market including a detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.