Authored By: Sarah
14 Oct 2024

Latest News:- Automotive MLCCs Market: Class 2 MLCCs is expected to lead the Type segment during 2024-2028

Automotive MLCCs Market to grow at a CAGR of 10.5% during 2024-2028

The Automotive MLCCs Market is expected to grow at a CAGR of 10.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1845.2 million. The global automotive MLCCs market is experiencing a notable trend with vendors introducing new, compact and high-performance electronic components in response to escalating demand. On September 19, 2024, Murata Manufacturing Co., Ltd., headed by President Norio Nakajima, announced the release of the world's smallest MLCC, measuring 0.16 mm x 0.08 mm (006003-inch size). This new MLCC represents a substantial 75% reduction in volume compared to the previous smallest MLCC (0.25 mm x 0.125 mm, 008004-inch size). This ultra-compact MLCC addresses the burgeoning need for high-density component mounting solutions, particularly in advanced smartphones, which now incorporate up to 1,000 MLCC units. 

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The Class 2 MLCCs subsegment is expected to dominate the Type segment during the forecast period 

Technavio analysts predict that the Class 2 MLCCs subsegment will lead the Type segment during 2024 and 2028 Class 2 multilayer ceramic capacitors (MLCCs) are indispensable in the automotive industry due to their compact size and high capacitance density. These capacitors, which employ dielectric materials such as X7R and Y5V, deliver significantly higher capacitance values than Class 1 capacitors, despite greater capacitance variation in response to temperature and voltage fluctuations. Class 2 MLCCs are extensively utilized in various automotive electronic systems, including power management circuits, filtering applications, and advanced driver-assistance systems (ADAS). Yageo's X5R series of Class II MLCCs, for instance, are engineered for versatile applications, capable of functioning optimally at temperatures up to 85 degrees Celsius.

Here are the various ways based on which the market is segmented: 

  • Type
    • Class 2 MLCCs
    • Class 1 MLCCs
  • Application
    • Power electronics
    • Infotainment systems
    • Advanced driver-assistance systems
    • Lighting systems
    • Others
  • Geography
    • APAC
    • Europe
    • North America
    • Middle East and Africa
    • South America

Reasons to Purchase the Global Automotive MLCCs Market Market Research Report by Technavio. What is in it for you?

  • Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
  • Insight into Current Market Trends: Our research reports provide our readers insights into the latest market intelligence, competitor strategies, market trends, changes taking place in the industry and customer preferences, forecasted market opportunities that influence them to make better business decisions
  • High ROI with Extensive Hands-on Research: Technavio is renowned for offering personalized market research reports as per unique business needs, delving deep into specific markets, product segments and demographics. Additionally, it is also well-known for providing high return on investments through its wide collection of data at pocket-friendly rates

There are several factors that are causing the market to flourish increasing adoption of evs globally

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Automotive MLCCs market is witnessing significant growth due to the increasing demand for advanced electronic systems in vehicles. Electronic control units (ECUs) such as onboard chargers, battery management systems (BMS), DC converters, AC on-board inverters, and high voltage MLCCs are essential components in Electric Vehicles (EVs) and Battery Electric Vehicles (BEVs). These systems require energy-efficient and compact designs for voltage regulation, signal conditioning, noise suppression, and power distribution. Automotive MLCCs, made of dielectric ceramic and metallic electrodes, play a crucial role in these applications. High voltages in on-board electrical circuits necessitate the use of MLCCs with high voltage ratings. The IoT and 5G revolution in telecommunications and consumer electronics are also driving the demand for MLCCs in the automotive industry. MLCCs are used in various automotive applications, including EVs, energy storage, and circuitry, to ensure reliable and efficient performance. The market for MLCCs is expected to grow further as the demand for compact, energy-efficient, and high-performance components increases.

Market Research Overview

The global automotive components and equipment market encompasses businesses producing parts and accessories for various automobile categories, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, the market size is determined by the consolidated revenue generated by automotive components and equipment manufacturers. Key growth drivers in the automotive components and equipment market include the surge in electronic components utilization in automobiles. This trend, fueled by the escalating sales of electric vehicles, motorcycles, and passenger cars, has significantly boosted the demand for electronic control units (ECUs) and other electrical components over the past decade.

The Automotive MLCCs Market is experiencing significant growth, fueled by the increasing adoption of evs globally. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

 

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