According to the report analysis, ‘Global Multilayer Ceramic Capacitor (MLCC) Market to reach USD 13.7 billion by 2027’ states that the Multilayer Ceramic Capacitor (MLCC) are multi-layered capacitors apt for the utilization in electrical devices for noise suppression. The effective increment in requirement of MLCC in great definition gadgets like smartphones and tablets improve the growth of the market. Owing to the thin layers in the capacitors, they are slighter in size with improved charging capacity. Utilization of MLCC in Electronics devices is augmented the leading to probable growth in the market. Owing to developing technologies such as 5G, the growth in the telecommunication segment is noticed which would improve the market growth of MLCC.
Although, the Global Multilayer Ceramic Capacitor (MLCC) market is valued at nearly USD 9.2 billion in 2019 and is projected to grow with a growth rate of more than 5.1 % over the review period of 2020-2027. Whereas, the foremost market player comprised in this report are Murata Manufacturing Co., Ltd. (Japan), Taiyo Yuden Co., Ltd. (Japan), Guangdong Fenghua Advanced Technology Holding CO. LTD. (China), Eyang Holdings Group Co. Ltd. (China), Kyocera Corporation (Japan), Yageo Corporation (Taiwan), Walsin Technology Corporation (Taiwan), CHAOZHOU THREE-CIRCLE (GROUP) CO. LTD. (China), Samsung Electro-Mechanics Co. Ltd. (South Korea), KEMET Corporation (US) and several others. Moreover, these players are effectively working for leading the highest market growth and registering the handsome value of market share around the world during the forthcoming years.
Although, owing to its lightweight utilization of MLCC is also boomed in Electric Vehicles which is a great emerging market. For Instance: As per McKinsey, during 2018, sales of EVs increased by more than 2 million units across the globe, which is nearly 63% on a year-on-year basis. This is the possible factor for worldwide MLCC Market Growth. COVID-19 has an enormous impact on the manufacturing segment owing to which the market of MLCC would witness a drift. With the deduction of the COVID-19 effect, the industry would soon notice a boost. The usage of MLCC in LED and LCD television has augmented and individuals are greatly dragged towards the usage of high definition technologies motivating the growth of the worldwide Multilayer Ceramic Capacitor (MLCC) market. However, ceramic is prone to physical brokerage so demands to be handled with utmost care are the foremost restraining aspect in the market growth over the forecast duration of 2020-2027.
In addition, the regional analysis of the worldwide Multilayer Ceramic Capacitor (MLCC) market is measured for the key regions such as the Asia Pacific, North America, Europe, Latin America, and Rest of the World. The Asia Pacific is the leading/significant economy across the globe with the appearance and presence of the foremost market player mainstream in South Korea, Japan, Taiwan, and India. Whereas, the Asia-Pacific region is also anticipated to unveil the highest growth rate / CAGR over the projection period of 2020-2027. Dynamics such as a rising requirement from end-user industry verticals and augmentin usefulness of mobile users would produce lucrative growth prospects for the Multilayer Ceramic Capacitor (MLCC) market around the Asia-Pacific region.
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Global Multilayer Ceramic Capacitor Market Growth
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