MLCC: Key market research findings
- Product innovation drives the market
- APAC dominates the market geographically
- Key vendors—Murata, Samsung Electro-Mechanics, TDK, and TAIYO YUDEN.
The market research analysts at Technavio predict the global MLCC market to grow at a CAGR of almost 3% between 2016 and 2020. The increase in product advancements is the key driving forcing behind the growth in this market. With the aid of the Internet of things (IoT), multi-layer ceramic capacitor (MLCC) manufacturers can get a better understanding of customer needs and consumer behavior. As a result, they can develop new products frequently with improved connectivity, efficiency, productivity, and security. During 2015, APAC dominated the global MLCC market with over 84% stake in the market space. The market is booming in this region owing to the presence of a vast number of original equipment and device manufacturers. The huge demand for MLCCs for consumer electronics and automotive applications from countries such as China, India, Thailand, Malaysia, and Japan is expected to boost growth in the MLCC market in APAC during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the MLCC segments by application.
“The latest trend in the market is the miniaturization of devices. Miniaturized MLCCs reduce the overall weight and the space requirement of devices as well as improve their capacitance. The manufacturers are emphasizing on developing lighter, smaller, and higher-capacitance MLCCs through increased investments in research and development (R&D) to develop innovative products and sustain their positions in the highly competitive market. The majority of the demand for the miniaturized devices comes from the consumer electronics sector,” says Sunil Kumar Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research.
In 2015, the consumer electronics segment dominated the global MLCC market by accounting for almost 68% of the market share. The advent of next-generation smartphones, tablets, and consumer appliances such as light emitting diode (LED) TVs and wearable technology such as smartwatches is expected to propel growth in this segment of the market in the coming years. The development of smart cities around the world is likely to reflect positively on the global MLCC market by 2020.
The key vendors in the global MLCC market include Murata, Samsung Electro-Mechanics, TDK, and TAIYO YUDEN. The global MLCC market is intensely competitive owing to the high level of competition among the existing players and new-generation semiconductor vendors. Due to the presence of a vast number of local manufacturers in countries like China and India, the level of competition is intense between the organized and unorganized sectors. The vendors in these countries are producing MLCCs in bulk due to the availability of cheap labor and raw materials.
A more detailed analysis is available in the Technavio report, Global MLCC Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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