#Multi-Layer Ceramic Capacitors Market Size

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Multi-Layer Ceramic Capacitors Market Report, Market Size, Share, Trends, Analysis By Forecast Period

Multi-Layer Ceramic Capacitors Market Key Players and Forecast Insights Through 2032

The latest ""Multi-Layer Ceramic Capacitors Market"" Insight Report for 2024 offers a comprehensive analysis of the industry's key contributions, marketing strategies, and recent advancements by leading companies. This report provides a succinct overview of both historical and current performance metrics for major market players. It employs various analytical methods to deliver precise insights into the Multi-Layer Ceramic Capacitors Market, with coverage across regions including North America, Europe, Asia Pacific, and more. The recent analysis also includes an in-depth review of the business strategies adopted by emerging industry players, along with detailed information on market segments, geographic coverage, product trends, and cost structures.

What are the growth projections for the Multi-Layer Ceramic Capacitors Market?

According to Straits Research, the global Multi-Layer Ceramic Capacitors Market  size was valued at USD 10.6 Billion in 2022. It is projected to reach from USD XX Billion in 2023 to USD 16.44 Billion by 2031, growing at a CAGR of 5% during the forecast period (2023–2031).

Get Free Request Sample Report @ https://straitsresearch.com/report/multi-layer-ceramic-capacitors-market/request-sample

Top Competitive Players of Multi-Layer Ceramic Capacitors Market

Vishay Intertechnology Inc.

Walsin Technology Corporation

Yageo Corporation

Samsung Electro-Mechanics

Murata Manufacturing Co. Ltd.

Taiyo Yuden Co. Ltd.

TDK Corporation

American Technical Ceramics

API Technologies

AVX Corporation

Johanson Dielectrics

KEMET Corporation

Murata

What are the key trends within each segment of the Multi-Layer Ceramic Capacitors Market?

By Type

General Capacitors

Array Capacitors

Serial Construction

By Voltage

Low Voltage

Mid Voltage

High Voltage

By Application

Consumer Electronics

IT and Telecom

Automotive

Power Train

Engine Control Unit

Safety and Security

Battery Management System

Electric Driven Compressors

View the full report and table of contents here: https://straitsresearch.com/report/multi-layer-ceramic-capacitors-market/toc

The report forecasts revenue growth at all geographic levels and provides an in-depth analysis of the latest industry trends and development patterns from 2022 to 2030 in each of the segments and sub-segments. Some of the major geographies included in the market are given below:

North America (U.S., Canada)

Europe (U.K., Germany, France, Italy)

Asia Pacific (China, India, Japan, Singapore, Malaysia)

Latin America (Brazil, Mexico)

Middle East & Africa

This Report is available for purchase on Buy Multi-Layer Ceramic Capacitors Market Report

Key Highlights

Provide a detailed explanation of various aspects including introduction, product types and applications, market overview, country-specific market analysis, opportunities, risks, and driving forces.

Examine manufacturers, including their profiles, primary business activities, recent news, sales and pricing, revenue, and market share.

Offer an overview of the competitive landscape, detailing sales, revenue, and market share among leading global manufacturers.

Present a detailed market breakdown by type and application, including sales, pricing, revenue, market share, and growth rates.

Analyze key regions—North America, Europe, Asia Pacific, the Middle East, and South America—covering sales, revenue, and market share segmented by manufacturers, types, and applications.

Investigate production costs, essential raw materials, and production methods.

Reasons to Buy:

In-depth analysis of market segmentation.

Country-specific insights alongside global demand and supply dynamics.

Examination of key players, including their products, financial performance, and strategies.

Insights into emerging market trends, opportunities, and challenges.

About Us:

StraitsResearch.com is a leading research and intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & research reports.

Contact Us: Email: sales@straitsresearch.com Address: 825 3rd Avenue, New York, NY, USA, 10022 Tel: +1 6464807505, +44 203 318 2846

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Virtual Power Plant Market - Promising Global Prospects

As per the Triton Market Research, the Global Virtual Power Plant Market report is segmented by Technology (demand response, distributed generation, mixed assets), End-User (Residential, Industrial, Communication), and Regional Outlook (Asia-Pacific, North America, Europe, Middle East and Africa, Latin America).

The report highlights the Market Summary, Industry Outlook, Porter’s Five Forces Analysis, Market Attractiveness Index, Regulatory Framework, Key Market Strategies, Market Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology and scope, Global Market Size, Forecasts & Analysis (2024-2032).

As per Triton’s report analysis, the global market for virtual power plant is expected to rise with a CAGR of 23.65% in revenue over the forecasting years 2024-2032. 

A Virtual Power Plant (VPP) is a cloud-based platform designed to oversee the capabilities of various distributed energy resources (DERs) with the aim of enhancing the efficiency of power generation, distribution, and utilization.

The rise of renewable energy fosters the virtual power plant market growth. As VPPs are crucial for grid stability, they adapt distributed energy resources to real-time needs. Their adoption aids in demand-supply balance, frequency control, and reliability. This highlights the VPPs’ pivotal role in influencing sustainable energy infrastructure.

However, the inadequate infrastructure poses challenges to the studied market. Many countries that lack robust infrastructure are facing problems in monitoring assets effectively. Incorporating VPPs may require additional investments to upgrade the grid infrastructure and support bidirectional communication and advanced control capabilities.

The Europe virtual power plant market is expected to witness the fastest growth in the coming years.  There has been a significant increase in deploying virtual power plants, driven by a transition towards decentralized power generation models. Moreover, there exists a critical need to enhance renewable energy generation within the electrical system while concurrently reducing electricity costs. These factors have spurred a rise in demand for virtual power plants throughout the region.

The prominent entities in the multi-layer ceramic capacitor market are Limejump, Enel X, Bosch, Autogrid Systems Inc, Next Kraftwerke, General Electric Company, EnergyHub, Generac Grid Services, Sunverge Energy Inc, Cisco Systems Inc, Siemens AG, and ABB Ltd.

Artificial intelligence and machine learning algorithms are utilized within virtual power plants to enhance the efficiency of distributed energy resource management. These advanced technologies with vast data sets create promising future opportunities for stakeholders.

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Multi-Layer Ceramic Capacitors Market-A Global Analysis

As per the Triton Market Research, the Global Multi-Layer Ceramic Capacitor Market report is segmented by Rated Voltage Range (Low Range, Mid Range, High Range), Type (General Capacitor, Array, Serial Construction, Mega Cap, Other Types), Dielectric Type (X7R, X5R, C0G,Y5V, Other Dielectric Types), End-User (Electronics, Automotive, Industrial, Telecommunication, Other End-Users), and Regional Outlook (Asia-Pacific, North America, Europe, Middle East and Africa, Latin America).

The report highlights the Market Summary, Industry Outlook, Porter’s Five Forces Analysis, Market Attractiveness Index, Regulatory Framework, Key Market Strategies, Market Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology and scope, Global Market Size, Forecasts & Analysis (2024-2032).

According to Triton’s research report, the global market for multi-layer ceramic capacitor is estimated to advance with a CAGR of 6.79% in revenue over the forecasting years 2024-2032. 

A Multi-Layer Ceramic Capacitor (MLCC) is an electronic component, built with layered ceramic material and metal electrodes. It is primarily used to store and release electrical energy in circuits as it offers a wide range of capacitance values.

MLCCs are used in developing digital circuits and power supplies given their compact size, cost-effectiveness, and temperature stability. Hence, their application plays a vital role in manufacturing and modern electronic design.

Various factors like expansion in consumer electronics sector, increasing demand in the automotive industry, higher adoption of electric vehicles are contributing to the progress of the multi-layer ceramic capacitor market.  As EVs become popular, there is a significant rise in the application of MLCCs to support the integrated electrical systems and provide reliable functioning in these vehicles. 

Despite the compact solutions offered by MLCCs, there is an increased vulnerability to physical damage Since, the multi-layer ceramic capacitor is extremely sensitive to physical stress, temperature changes, and environment factors, a slight damage during manufacturing or handling poses a significant threat. This raises quality issues and restricts the market growth. 

The Asia-Pacific multi-layer ceramic capacitor market is expected to witness the fastest growth in the coming years. With rapid urbanization and fast-phased growth in automobiles industries, government and consumers are now prioritizing the adoption of EVs. Similarly, the shift towards greener technologies, the automotive value chain drives the use of MLCCs.

The prominent entities in the multi-layer ceramic capacitor market are Shenzhen Eyang Technology Development Co Ltd, Spectrum Control, Darfon Electronics Corp, Samsung Electro-Mechanics Co Ltd, Kyocera AVX, Murata Manufacturing Co Ltd, TDK Corporation, Würth Elektronik Group, Taiyo Yuden Co Ltd, Vishay Intertechnology Inc, Walsin Technology Corporation, Knowles Electronics LLC, and Yageo Corporation.

Moreover, the performance advantages offered by multi-layer ceramic capacitor and a firm resistance to abnormal voltages presents an opportunity for the market players. This widens the application of MLCC across multiple electronic products.

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MLCC Capacitors Market Analysis, Overview, Trends, Companies and Research Outlook by 2032

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

Definition of MLCC Capacitors: MLCC (Multilayer Ceramic Capacitors) are electronic components widely used in various electronic devices for energy storage, noise suppression, and filtering. They are made up of multiple layers of ceramic material with internal metal electrodes.

Market Size and Growth: The MLCC capacitors market has been a significant part of the electronic components industry, driven by the growing demand for electronic devices such as smartphones, laptops, automotive electronics, IoT devices, and more. The market size has been on an upward trajectory due to increased electronic content in consumer and industrial applications.

Key Applications: MLCC capacitors find applications across a wide range of industries and products, including:

Consumer Electronics: Smartphones, tablets, laptops, and televisions.

Automotive Electronics: Engine control units, infotainment systems, ADAS (Advanced Driver Assistance Systems), and more.

Industrial Equipment: Automation systems, power supplies, and instrumentation.

Telecommunications: Base stations, networking equipment, and satellite communications.

Healthcare: Medical devices and diagnostic equipment.

Market Overview: The MLCC capacitors market can be segmented based on various factors:

Type: X7R, X5R, C0G, Y5V, and others, denoting different dielectric materials and temperature characteristics.

End-user Industry: Consumer electronics, automotive, industrial, telecommunications, and more.

Voltage Rating: Different voltage ratings cater to various applications.

Region: North America, Europe, Asia-Pacific, and other regions.

Market Drivers:

Consumer Electronics Demand: The constant evolution of smartphones, wearables, and other consumer devices drives demand for MLCC capacitors.

Automotive Electronics: The increasing complexity of automotive electronics and the shift towards electric vehicles contribute to higher MLCC demand.

Miniaturization: Smaller and lighter MLCCs are required for compact and portable devices.

IoT Growth: The growth of the Internet of Things (IoT) necessitates more MLCCs for connectivity and sensor applications.

Challenges:

Supply Chain Constraints: MLCC supply has faced challenges related to raw material availability and production capacity.

Dielectric Material Restrictions: Regulations on certain dielectric materials may impact production.

Future Outlook: The MLCC capacitors market is expected to continue growing, driven by trends like 5G technology, electric vehicles, and the proliferation of IoT devices. Innovations in materials and manufacturing processes are likely to play a role in meeting the evolving needs of the electronics industry.

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Market Segmentations:

Global MLCC Capacitors Market: By Company • Murata • Samsung Electro • TDK • Kyocera (AVX) • Taiyo Yuden • Yageo • Walsin • Kemet • Samwha • Vishay • JDI • Darfon • Holy Stone • Fenghua • EYANG • Three-Circle • NIC Components • Nippon Chemi-Con • MARUWA • Torch Global MLCC Capacitors Market: By Type • X7R • X5R • C0G (NP0) • Y5V • Others Global MLCC Capacitors Market: By Application • Consumer Electronics • Automotive • Industrial Machinery • Defence • Others

Regional Analysis of Global MLCC Capacitors Market

All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global MLCC Capacitors market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Report includes Competitor's Landscape:

➊ Major trends and growth projections by region and country ➋ Key winning strategies followed by the competitors ➌ Who are the key competitors in this industry? ➍ What shall be the potential of this industry over the forecast tenure? ➎ What are the factors propelling the demand for the MLCC Capacitors? ➏ What are the opportunities that shall aid in significant proliferation of the market growth? ➐ What are the regional and country wise regulations that shall either hamper or boost the demand for MLCC Capacitors? ➑ How has the covid-19 impacted the growth of the market? ➒ Has the supply chain disruption caused changes in the entire value chain?

A market report on MLCC (Multilayer Ceramic Capacitors) capacitors offers several advantages for various stakeholders, including businesses, investors, policymakers, and researchers.

Here are some key advantages of such a report:

Market Understanding: MLCC market reports provide a comprehensive understanding of the market's current state, including its size, growth trends, and key drivers. This information is crucial for businesses looking to enter the market or expand their existing operations.

Competitive Analysis: Reports typically include a competitive landscape analysis, helping businesses identify key players in the market, their market share, and their strategies. This information is valuable for benchmarking and strategic decision-making.

Market Segmentation: MLCC market reports often segment the market based on various factors such as product type, end-user industry, region, and more. This segmentation helps businesses target specific niches or regions with the most potential for growth.

Risk Assessment: Businesses can use market reports to assess potential risks and challenges in the MLCC market, such as supply chain disruptions, regulatory changes, or emerging competitors. This allows for better risk management and mitigation strategies.

Investment Decisions: Investors can use these reports to make informed investment decisions. Understanding market trends, growth potential, and competitive dynamics can help investors identify opportunities for portfolio diversification or investment in specific companies.

Market Entry Strategies: For companies considering entering the MLCC market, these reports offer insights into market entry strategies. This includes understanding the regulatory environment, potential partners, and market entry barriers.

Product Development: Manufacturers and R&D teams can use market reports to identify emerging trends and customer demands. This information can guide product development efforts to meet evolving market needs.

Supply Chain Planning: Given the importance of MLCCs in various industries, supply chain professionals can benefit from market reports to optimize procurement strategies, assess supplier risks, and ensure a stable supply of components.

Policy and Regulation Analysis: Policymakers and regulatory bodies can use market reports to assess the impact of existing regulations and to inform future policy decisions regarding the MLCC market. This can include considerations related to environmental regulations and trade policies.

Research and Education: Researchers and educational institutions can utilize market reports to study industry trends, conduct market analyses, and develop educational materials related to MLCC capacitors. This supports academic and professional development in the field.

Forecasting and Planning: Market reports often include future projections and growth forecasts. Businesses can use this data for strategic planning, budgeting, and resource allocation.

Networking and Collaboration: Industry professionals and organizations can use market reports as a basis for networking, collaboration, and partnerships within the MLCC ecosystem. Sharing market insights can foster cooperation and innovation.

Customization of the Report:

This report can be customized to meet the client’s requirements. Please connect with our sales team (sales@stringentdatalytics.com), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +1 346 666 6655 to share your research requirements.

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Syndicated market research reports, on the other hand, are pre-existing reports that are available for purchase by multiple clients. These reports are often produced on a regular basis, such as annually or quarterly, and cover a broad range of industries and market segments. Syndicated reports provide clients with insights into industry trends, market sizes, and competitive landscapes. By offering both custom and syndicated reports, Stringent Datalytics can provide clients with a range of market research solutions that can be customized to their specific needs.

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The Multi-layer Ceramic Capacitor (MLCC) Market is Segmented by Type (General Capacitor, Array, Serial Construction, and Mega Cap), Rated Voltage Range (Low Range, Mid-Range, and High Range), Dielectric Type (X7R, X5R, C0G, and Y5V), End-user Industry (Electronics, Automotive, Industrial, Telecommunication, and Other End-user Industries), and Geography (North America (United States and Canada), Europe (Germany and United Kingdom), Asia-Pacific (China, India, and Japan), Latin America (Brazil), and Middle-East and Africa). 

Download Free Sample Report - Multi-layer Ceramic Capacitor (MLCC) Market

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Thick Film Devices Market - Forecast (2022 - 2027)

Thick Film Devices Market Size is forecast to reach $123.0 billion by 2026, growing at a CAGR of 8.9% during 2021-2026. Thick film technology is used to produce electronic devices such as surface mount devices, hybrid integrated circuits, heating elements, integrated passive devices and sensors. The growing production of automobiles and escalation in the demand for micro electromechanical systems and multi-layer ceramic capacitors is driving the growth of the thick film devices market. Additionally, Thick Film Devices have been observing several advancements in technology over the past few years. In 2020, researchers from the Fraunhofer Institute for Ceramic Technologies and Systems IKTS, in collaboration with MOZAIK, a UK-based company, have developed conductors based on screen-printing technology with a resolution of 20 micrometers or less for industrial applications (especially 5G) and mass production, owing to which its Thick Film Devices industry is gaining traction in the forecast period 2021-2026.

Report Coverage

The report: “Thick Film Devices Market Report– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Thick Film Devices market.

By Type: Capacitors, Resistors, Photovoltaic cells, Heaters, Others.

By End User: Automotive, Healthcare, Consumer Electronics, Infrastructure, Others.

By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa).

Key Takeaways

Asia-Pacific is one of the most significant regions for the thick film devices market, mainly due to government policies favoring the growth of semiconductor manufacturing. Also, the region is the largest producer of consumer electronics.

The global semiconductor supply chain has been suffering severe capacity constraints since 2020 due to pent-up demand in different sectors. To meet increased demand during the current global chip shortage, the semiconductor industry is substantially increasing its fab capacity utilization. This will positively affect Thick Film Market growth.

Automotive sector is expected to witness a highest CAGR of 10.9% the forecast period, owing to various factors such as increase in sales of electric vehicles due to rising concerns over greenhouse gases emissions, and favourable government policies in countries such as India, China and so on.

Thick Film Devices companies are strengthening their position through mergers & acquisitions and continuously investing in research and development (R&D) activities to come up with solutions to cater to the changing requirements of customers.

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Thick Film Devices Market Segment Analysis - By Type

Resistors segment held significant market share of 24.5% in 2020, owing to the rising demand for these resistors in automotive industry, consumer electronics goods, and telecommunications products. In addition, rising IC and electric vehicles sales along with the government regulations to enhance fuel efficiency and safety standards are enhancing OEMs to install more electrical and electronic devices, which ultimately drives market for these hybrid integrated circuits in the automotive industry. Moreover, robust technological advancements in electronic goods and the increasing adoption of 4G/5G networks across the globe have also spurred the demand for products with thick film power resistors. Further many OEMs are launching these resistors for several applications. In 2020, Vishay Intertechnology has introduced a line of high-power thick film resistors that meet the AEC-Q200 automotive qualification. Hence these factors are analysed to drive the Thick Film Devices Market in the forecast period 2021-2026.

Thick Film Devices Market Segment Analysis - By End User

Automotive sector is expected to witness a highest CAGR of 9.8% the forecast period. Thick film devices have been widely used in the automotive for their high reliability, excellent thermal, mechanical, and dimensional stability. Thick film integrated passive devices have gained importance in recent years and are widely used in engine control units, antilock brake systems, airbag control modules, LEDs, entertainment & navigation systems, pressure control modules, and transmission system modules. In addition thick film devices have proven to be cost-effective and can sustain very harsh environments and are used in various automotive applications such as motorcycles and car engines. Further the growing production of automobiles is a significant factor in driving market growth due to the high adoption of electrical and electronic devices in automotive manufacturing. In the United States, all heavy trucks must be installed with electronic logging devices (ELD) from the US Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA). These government regulations would increase the demand for integrated passive devices, and hence, may expand the studied market vendor’s growth scope further. Moreover Canada-based thick film heating element manufacturer, Datec Coating Corporation, was awarded a $1.3 million contract by the Innovation, Science and Economic Development Canada (ISED), a government organization that works toward improving investment scenario for several industries in Canada, for Automotive Supplier Innovation Program. Hence these factors are analyzed to drive the Thick film Market Size in the forecast period 2021-2026.

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Thick Film Devices Market Segment Analysis - By Geography

APAC region is dominating Thick Film Devices Market growth. This region held significant market share of 40.5% in 2020. Asia-Pacific is one of the most significant regions for the thick film devices market, mainly due to government policies favoring the growth of semiconductor manufacturing. Also, the region is the largest producer of consumer electronics. In 2020, the Chinese government raised around $23-30 billion to pay for the second phase of its National IC Investment Fund. Moreover, the growth of the food processing industry in China and India is further expected to fuel the demand for the thick film devices market. The expansion of the semiconductor industry throughout the region and the rising adoption of MEMS among various industries are bolstering the demand for these integrated passive devices in the region. For instance, the consumption of semiconductors is rapidly increasing in China, compared to other countries, owing to the continuing transfer of global, diverse electronic equipment to China, wherein the product is a necessary component. China is home to three of the top five largest smartphone companies worldwide, posing tremendous opportunities for the thick film device market. According to India Electronics and Semiconductor Association, the semiconductor component market in the country is expected to be worth USD 32.35 billion by 2025. The report states that the country is a lucrative destination for global R&D centers. Thus, the government's ongoing Make in India initiative is expected to result in investments in the semiconductor industry in the country, further providing ample opportunities for the Thick Film Devices market.

Thick Film Devices Market Drivers

Rise in demand for Electric Vehicles

The electric car market has witnessed rapid evolution with the ongoing developments in automotive sector and favorable government policies and support in terms of subsidies and grants, tax rebates. Major manufacturers such as General Motors, Toyota, and BMW plan to release a potential of 400 models and estimated global sales of 25 million by 2025. In 2021, Ford Motor has committed to increase its investments in electric vehicles to $30 billion by 2025, up from a previous spend of $22 billion by 2023. Similarly, in 2020, Volkswagen, Chinese ventures has committed to invest $17.5 billion in electric vehicles by 2025. As Thick Film devices and other integrated passive devices are used for battery heat management for electric vehicles, cabin and comfortable heating, heaters for vehicle sensors and also in advanced driver assistance. Hence these investments are analyzed to drive the Thick Film Device industry in the forecast period 2021-2026.

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Capacity Expansion by Semiconductor Manufacturers

The global semiconductor supply chain has been suffering severe capacity constraints since 2020 due to pent-up demand in different sectors. To meet increased demand during the current global chip shortage, the semiconductor industry is substantially increasing its fab capacity utilization. In 2021, Taiwan Semiconductor Manufacturing Co's (TSMC), board has approved $2.89 billion in spending to increase capacity. Similarly in 2021, United Microelectronics Corporation (UMC), is also increasing its capacity to produce mature expertise chips in alternate for monetary ensures, in response to the shortage gripping the worldwide semiconductor provide chain. In addition, Tower Semiconductor is investing $150mn in 2021 and the first quarter of 2022 to expand manufacturing at its facilities in Israel, the US and Japan for the production of 200mm wafers. As Thick film Devices are used in Wafer processing, hence these capacity expansion are analysed to drive the Thick Film industry outlook in the forecast period 2021-2026.

Thick Film Devices Market Challenges

Decrease in Sales of Desktop PC

As per latest industry trends publications, the sales of Consumer PC have witnessed worst slumps in volume sales globally. Several Countries such as U.S, China, Germany, UK, and others have experienced the worst decline in volume sales of Desktop PCs. According to Mint, Worldwide PC shipments totaled 51.6 million units in the first quarter of 2020, a 12.3% decline from the first quarter of 2019, after three consecutive quarters of growth, the worldwide PC market experienced its sharpest decline since 2013 due to the COVID-19 outbreak. These kind of declining trend will negatively affect the growth of the Thick Film Devices as it widely used in desktops. The decline in the volume shipments of personal computers due to the growing adoption of convertible laptops, smartphones and tablets in the enterprises, coupled with the adoption of policies such as Bring-Your-Own-Device (BYOD) is also set to negatively impact the adoption of desktop PCs in the small, medium as well as large enterprises. This is low demand of the products is set to negatively impact the procurement of Thick Film Devices during the forecast period 2021-2026.

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Thick Film Devices Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Thick Film Devices market. Thick Film Devices top 10 companies include Panasonic Corporation, Samsung Electronics Co. Ltd, Vishay Intertechnology Inc., Rohm Semiconductor GmbH, TE Connectivity Ltd, KOA Speer Electronics Inc., AVX Corporation, Aragonesa de Componentes Pasivos SA, Wurth Electronics Inc., FDK Corporation among others.

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[blogsurajus]

Multi-layer ceramic capacitors (MLCCs) consist of multiple layers of ceramic material, such as barium titanate, which is separated by interdigitating metal electrodes. It offers a broad range of features, which include lightweight, low cost, reliable performance, high voltage carrying capabilities, and large storage carrying capacity.

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LTCC And HTCC Market Size, Share, Growth And Forecast 2028

The global LTCC And HTCC market size is expected to reach USD 3.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.5% from 2021 to 2028. The market growth is attributable to rising investments in wireless communication technology along with increasing penetration of automotive electronics in vehicles. In co-fired ceramic devices, the ceramic support structure and any resistive, conductive, and dielectric materials are fired in a kiln. Typical devices include capacitors, resistors, inductors, transformers, and hybrid circuits. Cofired ceramic devices are also used for multi-layer packaging in the electronics industry, such as in military electronics, Micro Electromechanical Systems (MEMS), microprocessors, and RF applications.

Co-firing can be divided into Low Temperature Co-fired Ceramics (LTCC) and High Temperature Co-Fired Ceramics (HTCC) applications. In LTCC, the sintering temperature is below 900°C. This permits the co-firing with highly conductive materials (silver, copper, and gold). For HTCC, the sintering temperature is higher, at around 1,600°C. HTCC components generally consist of multilayers of alumina or zirconia with platinum, tungsten, and moly manganese metallization. Based on application, telecommunication is expected to be the fastest-growing segment in the market owing to rising digitalization, expansion of 5G network, and booming e-commerce platform, which enables the use of wireless technologies and equipment within the telecommunication industry.

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Growing trend of adopting online channels in daily life has fueled the demand for telecommunication products over the forecast period. Furthermore, growing investments in the aerospace and defense industry are proving to be fruitful for the growth of the market as LTCC substrates are extensively used in various aircraft and fighter jets. For instance, in January 2021, the Indian Air Force announced its plans to acquire 114 combat aircraft that would cost more than INR 1.3 lakh crore (~USD 173.1 million). Such investments are expected to increase the production of aircraft and in turn, augment the market growth.

Region-wise, Asia Pacific is anticipated to register the fastest growth rate over the forecast period. The region is a global manufacturing hub for electronics owing to the presence of several manufacturers of electronic devices and systems, including top players, as well as small- and medium-sized enterprises. The governments of different economies of the region focus on increasing foreign investments in their respective electronics industry, which in turn is expected to benefit market growth. The market is highly competitive in nature owing to the presence of numerous small and large players. Majority of the key players are mainly established in Japan. Key players are adopting strategies such as capacity expansions and investments in R&D activities to gain a higher share in the market.

LTCC And HTCC Market Report Highlights

Based on product, the LTCC segment held a share of over 73.0% of the overall market in 2020. Its high share is attributable to its superior characteristics and limited drawbacks compared to other technologies

Based on application, the telecommunication segment is anticipated to register the highest growth rate of 4.0% over the forecast period, owing to expansion of wireless communication technologies

Based on region, North America is expected to progress at a CAGR of 3.8% over the forecast period owing to growing need for automotive electronics in the region, which is attributable to rising production of EVs

LTCC is an evolving technology and thus gaining traction in various applications. For example, in August 2021, Mini-Circuits developed a new series of filters based on LTCC technology that caters to the millimeter wave 5G industry. The company also received a patent for the same

Fluctuations have been witnessed in raw material pricing owing to an imbalance in the demand-supply scenario during the COVID-19 pandemic in 2020. Since the beginning of 2021, production has been affected too owing to an increase in energy and freight costs

Key Companies & Market Share Insights

The global LTCC and HTCC market is characterized by strong competition owing to the presence of prominent substrate manufacturers serving major geographies across the globe. These manufacturers compete based on product quality and price to increase the application scope of the product in industries including automotive, telecommunications, healthcare, aerospace, and others. Technical innovations and improvements in the production process have resulted in the production of LTCC and HTCC substrates that enable high durability, miniaturization, and integration across components. Market players are increasingly investing in R&D in order to achieve a strong hold in the competition by offering advanced LTCC products at competitive prices. Some of the prominent players in the LTCC and HTCC market include: Hitachi Metals Ltd., Kyocera Corporation, Murata Manufacturing Co., TDK Corporation, NGK Spark Plug Ltd., Yokowo Co., KOA Corporation, Maruwa Co.

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Virtual Power Plant Market - Promising Global Prospects

As per the Triton Market Research, the Global Virtual Power Plant Market report is segmented by Technology (demand response, distributed generation, mixed assets), End-User (Residential, Industrial, Communication), and Regional Outlook (Asia-Pacific, North America, Europe, Middle East and Africa, Latin America).

The report highlights the Market Summary, Industry Outlook, Porter’s Five Forces Analysis, Market Attractiveness Index, Regulatory Framework, Key Market Strategies, Market Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology and scope, Global Market Size, Forecasts & Analysis (2024-2032).

As per Triton’s report analysis, the global market for virtual power plant is expected to rise with a CAGR of 23.65% in revenue over the forecasting years 2024-2032. 

A Virtual Power Plant (VPP) is a cloud-based platform designed to oversee the capabilities of various distributed energy resources (DERs) with the aim of enhancing the efficiency of power generation, distribution, and utilization.

The rise of renewable energy fosters the virtual power plant market growth. As VPPs are crucial for grid stability, they adapt distributed energy resources to real-time needs. Their adoption aids in demand-supply balance, frequency control, and reliability. This highlights the VPPs’ pivotal role in influencing sustainable energy infrastructure.

However, the inadequate infrastructure poses challenges to the studied market. Many countries that lack robust infrastructure are facing problems in monitoring assets effectively. Incorporating VPPs may require additional investments to upgrade the grid infrastructure and support bidirectional communication and advanced control capabilities.

The Europe virtual power plant market is expected to witness the fastest growth in the coming years.  There has been a significant increase in deploying virtual power plants, driven by a transition towards decentralized power generation models. Moreover, there exists a critical need to enhance renewable energy generation within the electrical system while concurrently reducing electricity costs. These factors have spurred a rise in demand for virtual power plants throughout the region.

The prominent entities in the multi-layer ceramic capacitor market are Limejump, Enel X, Bosch, Autogrid Systems Inc, Next Kraftwerke, General Electric Company, EnergyHub, Generac Grid Services, Sunverge Energy Inc, Cisco Systems Inc, Siemens AG, and ABB Ltd.

Artificial intelligence and machine learning algorithms are utilized within virtual power plants to enhance the efficiency of distributed energy resource management. These advanced technologies with vast data sets create promising future opportunities for stakeholders.

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“Multilayer Ceramic Capacitor (MLCC) Market” report provides a detailed analysis of global market size, regional and country-level market size, segmentation, market growth, market share, and competitive landscape.

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Multi-Layer Ceramic Capacitor Market Impact of COVID-19, Key Opportunities and Threats Insights, 2025

The global multi-layer ceramic capacitor market size is estimated to touch USD 12.32 billion in 2025, as per a new study by Million Insights. The market is projected to witness 5.1% CAGR over the forecast duration. Features such as enhanced frequency and high resistance are anticipated to drive the market growth.

MLCCs are used in varieties of capacitance and they are surface mounted. Further, they are widely used in the automotive and electronics industries. Owing to benefits such as reliability, enhanced frequency, ability to withstand voltage, these devices are used over others. In addition, MLCCs are extensively used in RF applications such as cellular phones and tuner.

Manufacturers of MLCCs are emphasizing on the development of advanced ceramic capacitors to meet the different customers’ requirement. Considering the growing demand, key players are focusing on increasing their research and development expenditure.

Top Companies:

Key players operating in the region are Kyocera Corporation, Taiyo Yuden Co, TDK Corporation, Murata Manufacturing, and Future Electronics among others. These players are emphasizing strategic initiatives such as mergers & acquisitions, partnerships, and new product launches. In addition, companies are also focusing on expanding their business presence.

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Further key findings from the report suggest:

The general capacitor category is likely to register over 5% CAGR depending on the type.

Among end-use, the electronic segment is anticipated to dominate the market over the next six years.

By dielectric, Y5V category is projected to register 5.6% CAGR from 2019 to 2025.

APAC is estimated to maintain its dominance over the forecast duration owing to growing demand from consumer electronic category.

Regional Outlook:

In 2018, APAC accounted for the largest share with USD 3.18 billion. The growing use of MLCC in electronic devices is attributing to the growth of the region. In addition, several countries like Taiwan, China, India, South Korea, and Japan have MLCCs manufacturers.

Further, APAC is anticipated to be the fastest-growing segment from 2019 to 2025. Factors such as capacitors miniaturization and rising applications from end-use industries are driving regional growth. In addition, market players are focusing on improved technology to stay competitive. Increasing demand for consumer electronics in countries like India and China is projected to supplement the market growth.

Impact of COVID-19:

The outbreak of COVID-19 has adversely affected the multi-layer ceramic capacitor market. Electronics, telecommunication and data transmission is the major application for MLCCs. Owing to the pandemic outbreak; several industries were forced to close. Although, few industries kept on operating in digital mode, however, the poor supply chain has significantly disrupted their operations. Further, low demand has resulted in a lack of spending on research and development by companies, which, in turn, delayed the arrival of new multi-layer ceramic capacitors. COVID-19 has resulted in a financial crisis as well, thereby, limiting consumer spending and negatively affecting the market growth.

Despite the adverse impact on their operations, companies can opt for various strategic measures to revive their businesses. Key players in the market can focus on acquiring smaller firms for their sustainability. Further, they can collaborate with e-commerce giants to counter the disruption in the supply chain. In addition, companies can cut their capital expenditure while increasing their focus on research and development to emerge stronger in the next few years.

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