Automotive MLCC Market Overview:
Automotive MLCC Market size was valued at USD 2,802.33 Million in 2021, registering a CAGR of 5.4% during the forecast period (2022-2030), and the market is projected to be worth USD 4,324.93 Million by 2030.
Automotive MLCC is a Multi-Layer Ceramic Capacitor, an electronic device to control the stable current flow in electronic circuits. It is also known as a chip monolithic ceramic capacitor.
The Automotive MLCCs have exceptional attributes including flexibility at low cost, the ability to withstand high voltages, shape, or size, and are considered to be most dependable. Furthermore, the most important attribute that has resulted in the widespread adoption of MLCC is the ability to store multiple elements into a single package. Each MLCC has an end number of layers, and each layer performs as an individual component. This has reduced the usage of additional elements in the circuitry. Automotive MLCC performs as the center of all the industrial innovations that happened in the last decade. Also, they are considered as one of the enablers of innovations in energy storage, consumer electronics, and telecommunications.
Further, Automotive MLCC has impacted advanced technologies, like 5G, IoT, and EVs. Also, these advanced technologies are extremely dependent on the accessibility of MLCCs. This has driven the organizations to align the production capacities and product lines, to fulfil the requirements of these advanced technologies.
Moreover, MLCCs are used in various devices including tablets, smartphones, washing machines, and automobiles among others. In the automotive industry the MLCCs are used in electronic control units (ECU), engine control modules (ECM), battery management systems, infotainment systems, and smart cruise control systems among others.
Market Dynamics:
Driver:
The automotive grade MLCCs have high temperature resistance, high capacitance, are easy to surface-mount, and can withstand high voltages. Therefore, they have turned out to be perfect components for EV subsystems and electronics. The key factor driving the demand for automotive MLCCs is the requirement of high voltage capacitors inside the control units of EVs. The configuration of basic powertrains in electric vehicles comprises of invertor, electric motor, and high voltage battery. The efficiency of the powertrains in electric vehicles is highly dependent on the efficiency of DC/DC convertors. The automotive MLCCs play a vital role in smooth and efficient functioning of the DC/DC convertors. Moreover, the powertrains in EVs are placed at very high voltages, and thus manufacturing of EVs requires capacitors that can withstand high voltages. Therefore, the manufacturing of EVs require a large number of automotive MLCCs.
The key players involved in manufacturing of automotive MLCCs are manufacturing products specifically for applications in electric vehicles, which is driving the market growth. For instance, in June 2021, Murata one of the key players, manufactured MLCCs with metal terminals having capacity of 630 Volts with three different sizes ranging between 3216M, 3225M and 5750M, which are able to charge lithium-ion batteries, and are specifically designed to cater the increasing demand from EV manufacturers.
Restraint:
The equivalent series resistance value is one of the key performance parameters for DC-link capacitors. The lower ESR of a capacitor depicts higher ability of the capacitor to smooth out the high frequency voltage disturbances that pass through the powertrains. The electrolyte of the polymer capacitors is solid which is made from conductive polymers. Therefore, the capacitors are more compact and are leakage proof.
Moreover, the polymer capacitors have lower ESR values than that of MLCCs, making it more suitable for applications in vehicle powertrains. For instance, the polymer capacitors possess a ESR value as minimum as 10 mΩ. Moreover, the polymer capacitors tend to have higher capacitance values than the MLCCs. In order to achieve a certain capacitance value, multiple MLCCs are required to be connected parallel to each other, which can be replaced by a single polymer capacitor.
Therefore, owing to factors such as higher capacitance and lower size, the polymer capacitors are restraining the growth of North America, Europe, and APAC automotive MLCC market.
COVID-19 Impact:
The Covid- 19 has a severe impact on global manufacturing companies including automotive companies. The impact was due to the supply chain disruptions, unavailability of the workforce, and reduced capital spending. Further, the market was disrupted due to chip shortages as chips are used in automated systems of a car. The lockdown forced companies around the world to impose shutdowns to reduce the virus spread. For instance, Murata Manufacturing Co. temporarily closed factories in Japan on 26th June 2020. Another key player Taiyo Yuden Co temporarily closed factories in Malaysia on 29th May 2020 impacting the production of MLCC and disrupting the global electronic device production.
Furthermore, the automakers also took a step back in developing autonomous vehicles. For instance, Volvo has planned a fully autonomous vehicle (Level 4 AV) by 2024 but due to covid, the company extended the date to 2027. Similarly, Argo and Ford also delayed their project of robo taxis.
Automotive MLCC Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2016-2030 |
| Market Size in 2030 (USD Million) | 4,324.93 million |
| CAGR (2022-2030) | 5.40% |
| By Type | General Capacitor, Array, Mega Cap, and Other |
| By Dielectric Type | X7R, X5R, C0G, Y5V, and Others |
| By Applications | Automotive ECU, ADAS, Engine, Drive Motor, Drive Battery, Wiring Harness, Infotainment, and Others |
| By Voltage | 25 V, 50 V, and 100 V |
| By End Users | Automotive, Industrial, Electronics, Telecommunication, and Other End-user |
| By Geography | North America– (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe) Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific) Latin America- (Brazil, Argentina, Chile, Rest of Latin America) Middle East and Africa- (GCC, Turkey, South Africa, and the Rest of MEA) |
| Key Players | Kyocera Corporation, KEMET Corporation, API Technologies (Acquired by J.F. Lehman & Company), Murata Manufacturing Co. Ltd., Vishay Intertechnology Inc., Knowles Precision Devices, Samsung Electro-Mechanics Co. Ltd., TDK Corporation, Würth Elektronik, and Taiyo-Yuden Co. Ltd. |
Market Segmentation:
By Dielectric Type
The dielectric type of segment is divided into X7R, X5R, C0G, Y5V, and Others. By dielectric type, the Automotive MLCC market is classified into X7R, X5R, C0G, Y5V, and others. X7R MLCC accounted for the largest market share with a revenue of USD 723.86 million in 2021 and the segment is expected to grow with the highest CAGR of 6.8% for the forecast period of 2022-2030.
The X7R MLCC has a temperature range from -55 to +125 degrees Celsius and is able to operate well within the defined temperature range. X7R has high-temperature stability which makes them a suitable choice for automotive applications where the temperature goes up very high. In an electronic circuit of the automobile, X7R is used for a wide range of applications including switch mode power supplies, voltage multiplier circuits, DC/DC converters, and high voltage coupling. Therefore, the increasing requirement for temperature-stable electronic devices is boosting the market growth of X7R.
Global Automotive MLCC Market, by Price (%), 2021
By Voltage
The voltage segment is divided into 25 V, 50 V, and 100 V
By voltage type, the Automotive MLCC market is classified as 25 V, 50 V, and 100 V. The 100 V segment accounted for the largest market share with a revenue of USD 1,092.37 million in 2021 and the segment is expected to grow with the highest CAGR of 6.7% for the forecast period of 2022-2030.
The voltage rating of a multi-layer ceramic capacitor (MLCC) signifies the maximum amount of voltage that is handled by a capacitor. 100 V capacitors are used in circuits that need to handle voltage up to 100 volts. Further, the growing need for the safety of devices in case of the high voltage applications is driving the demand for 100 V MLCC. Also, there has been an increase in the global electric vehicle adoption rate which is leading to the growth rate of the segment.
Global Automotive MLCC Market, by Voltage 2022-2030 (USD Million)
By Region:
The regional segment includes North America, Europe, Asia Pacific, the Middle East, and Africa, Latin America. In 2021, Asia-Pacific is accounted to contribute largest revenue of USD 1,161.20 million.
The key factor driving the demand for automotive MLCC in the Asia Pacific region is the support from government policies in increasing the production and adoption of electric vehicles to combat growing pollution in the region. Further, the region is highly dependent on oil and gas from Middle Eastern countries. To reduce the effects of uncertainty of supply and high rises of fuel on the economy, governments in the region are focusing more on electric vehicles. Also, the rising income in the emerging economies is resulting in more investment in vehicles that offer all the latest technologies and provide maximum comfort & safety. Owing to the mentioned trends the market is further anticipated to grow in the region during the forecast period.
Automotive MLCC Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and Voltage launches have accelerated the growth of the Global Automotive MLCC market. Key players in the market include-
- Kyocera Corporation
- KEMET Corporation
- API Technologies (Acquired by J.F. Lehman & Company)
- Murata Manufacturing Co. Ltd.
- Vishay Intertechnology, Inc.
- Knowles Precision Devices
- Samsung Electro-Mechanics Co. Ltd.
- TDK Corporation
- Würth Elektronik
- Taiyo-Yuden Co. Ltd.
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