Multilayer Ceramic Capacitor Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (General Capacitor, Array, Serial Construction, Mega Cap), By Rated Voltage Range (Low Range, Mid-Range, High Range), By Dielectric Type (X7R, X5R, C0G, Y5V), By End User Industry (Electronics, Automotive, Industrial, Telecommunication, Others), By Region, and By Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 15.71 Billion
CAGR (2026-2031)	7.28%
Fastest Growing Segment	High Range
Largest Market	Asia Pacific
Market Size (2031)	USD 23.95 Billion

Market Overview

The Global Multilayer Ceramic Capacitor Market will grow from USD 15.71 Billion in 2025 to USD 23.95 Billion by 2031 at a 7.28% CAGR. Multilayer Ceramic Capacitors are passive electronic components composed of alternating layers of ceramic dielectric material and metal electrodes designed to store and manage electrical energy within compact circuits. The primary drivers supporting the growth of this market include the accelerating electrification of the automotive sector and the extensive deployment of high speed telecommunications infrastructure which necessitates reliable and high density components. Additionally the persistent demand for miniaturization in consumer electronics requires capacitors that deliver higher performance in increasingly smaller footprints. According to ZVEI, in 2025, the global market for electronic components is expected to grow by 3 percent as demand stabilizes across these key industrial and digital sectors.

A significant challenge that could impede market expansion is the volatility of raw material supply chains and associated price fluctuations. The manufacturing process relies heavily on specific ceramic formulations and precious metals that are often concentrated in regions susceptible to geopolitical tension or trade restrictions. This vulnerability creates risks of production bottlenecks and rising costs which can disrupt the ability of manufacturers to meet the surging global requirements for these essential electronic parts.

Key Market Drivers

Rapid expansion of electric vehicle manufacturing and automotive electrification acts as a primary catalyst for the market, fundamentally increasing the volume of passive components required per unit. Unlike internal combustion engines, electric powertrains demand dense capacitor configurations to support battery management systems, inverters, and on-board chargers while maintaining stability under high voltage. This technical shift has exponentially raised the baseline component count for the automotive sector. According to Samsung Electro-Mechanics, July 2025, in a report published on their official newsroom, the intensification of this trend means a single electric vehicle now requires approximately 20,000 to 30,000 multilayer ceramic capacitors, a figure that far exceeds the requirements of traditional automobiles.

Concurrently, the surge in demand for high-performance computing and AI server hardware drives significant consumption of high-capacitance, low-resistance components essential for power stability in data centers. As hyperscalers expand infrastructure to support generative artificial intelligence, the need for specialized capacitors that can handle fluctuating heavy loads has spiked. According to Murata Manufacturing, December 2025, in a revised market outlook, the company projects a 30 percent compound annual growth rate for capacitor shipment volumes specifically for AI servers between 2025 and 2030. Reflecting this broader sectoral momentum, according to the Japan Electronics and Information Technology Industries Association, in 2024, the global production value of the electronics and IT industries was forecast to grow by 8 percent in 2025, underscoring the robust environment for component manufacturers.

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Key Market Challenges

The volatility of raw material supply chains and associated price fluctuations constitutes a primary obstacle to the Global Multilayer Ceramic Capacitor Market. This challenge stems from the industry's heavy reliance on specific ceramic formulations and precious metals that are frequently sourced from regions susceptible to geopolitical tensions and trade restrictions. When these supply lines are disrupted, manufacturers face immediate production bottlenecks and an inability to secure the essential inputs required for high-volume manufacturing.

This instability directly hampers market growth by driving up operational costs and creating significant uncertainty regarding product availability. As the cost of acquiring scarce raw materials rises, manufacturers are often forced to increase prices or absorb losses, both of which stifle investment in capacity expansion. According to IPC, in 2025, 64 percent of electronics manufacturers anticipated material price increases, reflecting the widespread impact of these supply chain constraints. Such persistent cost volatility limits the ability of the industry to reliably meet the accelerating demand from critical sectors like the automotive and telecommunications industries.

Key Market Trends

Rising Implementation of Embedded MLCCs in Advanced Semiconductor Packaging is fundamentally altering component integration within high-performance computing architectures. This technology involves placing capacitors directly within the substrate of the printed circuit board or semiconductor package rather than mounting them on the surface, significantly reducing parasitic inductance and impedance loops. This architectural shift is critical for next-generation processors that require rapid current delivery and stabilized voltage levels without sacrificing valuable board real estate. According to Taiyo Yuden, September 2025, in a corporate announcement regarding product commercialization, the company successfully commenced mass production of the industry's first embedded MLCC offering 22 microfarads of capacitance in a 1005 case size explicitly to address the signal integrity requirements of AI server substrates.

The Substitution of Tantalum and Electrolytic Capacitors with High-Capacitance MLCCs is accelerating as manufacturers optimize designs for supply resilience and superior electrical characteristics. Modern multilayer ceramic capacitors now offer the high capacitance values previously exclusive to bulk technologies while providing lower equivalent series resistance and non-polarized reliability, making them ideal for voltage-stressed environments. This transition is actively driven by the oligopolistic nature of the tantalum market, where supply constraints frequently disrupt production schedules. According to Yageo, April 2025, in a pricing notification issued to customers, the company identified a supply-demand gap exceeding 10 percent for tantalum components, a material deficit that has compelled hardware engineers to validate and switch to available ceramic alternatives.

Segmental Insights

The High Range segment represents the fastest-growing category in the Global Multilayer Ceramic Capacitor Market, primarily driven by increasing demand within the automotive and industrial sectors. This accelerated expansion is largely attributed to the global transition toward electric vehicles and renewable energy infrastructure, which require capacitors capable of operating at elevated voltages and temperatures. Stringent government mandates promoting vehicle electrification further necessitate the adoption of these robust components to ensure safety and efficiency in power management systems. Consequently, the High Range segment continues to expand to meet the rigorous energy requirements of these evolving industries.

Regional Insights

Asia Pacific dominates the Global Multilayer Ceramic Capacitor Market due to its established status as a central hub for electronics manufacturing. The region benefits significantly from the concentration of key component producers in China, Japan, and South Korea. High production volumes of consumer electronics and electric vehicles in these nations create substantial and continuous demand for capacitors. Furthermore, the ongoing expansion of telecommunication infrastructure supports this strong market position. The integrated supply chain within these countries allows for efficient distribution, ensuring Asia Pacific remains the primary contributor to the global industry.

Recent Developments

• In September 2025, Taiyo Yuden commercialized and commenced mass production of a new embeddable multilayer ceramic capacitor tailored for AI servers. This component achieved a capacitance of 22 microfarads within a compact 1005M size, measuring 1.0 mm by 0.5 mm. The product was engineered for decoupling applications on integrated circuit power lines, where stable power supply is critical for advanced information processing devices. By enhancing its external electrode formation technology, the company successfully met the high-precision flatness requirements needed for embedding components directly into circuit boards, thereby supporting the efficient placement of power supply circuits near processor units.
• In September 2024, Murata Manufacturing expanded its product portfolio by introducing the world's smallest multilayer ceramic capacitor, measuring just 0.16 mm by 0.08 mm. This groundbreaking 006003-inch size component represented a volume reduction of approximately 75% compared to the previous smallest alternative. The miniaturized capacitor was developed through years of research into elemental technologies and was targeted at compact electronic devices such as wearables and smartphones. This launch demonstrated the company's commitment to advancing electronic component miniaturization, enabling manufacturers to design smaller, more efficient devices while maintaining high performance standards in space-constrained applications.
• In July 2024, Samsung Electro-Mechanics announced the development of a high-voltage multilayer ceramic capacitor designed specifically for electric vehicle battery management systems. This new component was rated at 2,000V and secured AEC-Q200 certification, confirming its reliability for rigorous automotive applications. The company created this product to address the growing shift from 400V to 800V high-voltage architectures in plug-in hybrid and battery electric vehicles. By independently developing the raw materials and modifying the internal electrode structure, the manufacturer ensured stable operation in harsh environments, positioning itself to meet the rising demand for high-reliability automotive electronic components.
• In March 2024, TDK Corporation expanded its CGA series of automotive-grade multilayer ceramic capacitors to support the increasing adoption of 48V electrical architectures in vehicles. The company began mass production of new 100V products that delivered the industry's highest capacitance for their respective sizes, offering 2.2 microfarads in the 2012 case size and 4.7 microfarads in the 3216 case size. These components were designed to provide effective smoothing and decoupling functions for power lines, facilitating space-saving designs and reducing component counts. This development directly addressed the automotive industry's requirement for miniaturized, high-reliability components capable of improving fuel and power efficiency.

Key Market Players

• Murata Manufacturing Co., Ltd.
• Taiyo Yuden Co., Ltd.
• Kyocera Corporation
• Yageo Corporation
• Walsin Technology Corporation
• Samsung Electro-Mechanics Co., Ltd.
• TDK Corporation
• KEMET Corporation
• Vishay Intertechnology, Inc.
• AVX Corporation

By Type	By Rated Voltage Range	By Dielectric Type	By End User Industry	By Region
General Capacitor Array Serial Construction Mega Cap	Low Range Mid-Range High Range	X7R X5R C0G Y5V	Electronics Automotive Industrial Telecommunication Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Multilayer Ceramic Capacitor Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Multilayer Ceramic Capacitor Market, By Type:

• General Capacitor
• Array
• Serial Construction
• Mega Cap

• Multilayer Ceramic Capacitor Market, By Rated Voltage Range:

• Low Range
• Mid-Range
• High Range

• Multilayer Ceramic Capacitor Market, By Dielectric Type:

• X7R
• X5R
• C0G
• Y5V

• Multilayer Ceramic Capacitor Market, By End User Industry:

• Electronics
• Automotive
• Industrial
• Telecommunication
• Others

• Multilayer Ceramic Capacitor Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE