According to a market report by Lucintel, the future of the automotive multilayer ceramic capacitor market looks promising with opportunities in the passenger car and commercial vehicle markets. The global automotive multilayer ceramic capacitor market is expected to reach an estimated $11.5 billion by 2028 with a CAGR of 19% from 2023 to 2028. The major drivers for this market are growing demand for MLCC among hybrid and electric vehicles to control the electrical current flows throughout its various components like sensors and inverters and increasing requirement for reducing the vehicle’s weight.
In this market, X7R, X5R, C0G (NP0), and Y5V are the major segments of automotive multilayer ceramic capacitor market by product type. Lucintel forecasts that X7R is expected to witness highest growth over the forecast period because it delivers enhanced efficiency, safety, and reliability in vehicles at a temperature range of -55 °C to +125 °C.
Within this market, passenger car is expected to witness highest growth over the forecast period due to the increasing production of passenger cars and growing application of these capacitors in passenger vehicles to enhance a vehicle's power supply capacity by reducing voltage waves that can cause an engine to fail.
North America is expected to witness highest growth over the forecast period due to the rising MLCC consumption along with the expanding electric vehicle demand in the region.
Murata, Samsung Electro, TDK, Kyocera (AVX), and Taiyo Yuden are the major suppliers in the global automotive multilayer ceramic capacitor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive multilayer ceramic capacitor market by product type, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive Multilayer Ceramic Capacitor Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global automotive multilayer ceramic capacitor market by product type, application, and region, as follows:
Automotive Multilayer Ceramic Capacitor Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:
X7R
X5R
C0G (NP0)
Y5V
Others
Automotive Multilayer Ceramic Capacitor Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Passenger Cars
Commercial Vehicles
Automotive Multilayer Ceramic Capacitor Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at
helpdesk@lucintel.com.
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This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive multilayer ceramic capacitor market by product type (X7R, X5R, C0G (NP0), Y5V, and others), application (passenger cars and commercial vehicles), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?