Automotive MLCCs Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Automotive MLCCs Market was valued at USD 2.9 billion in 2023 and is expected to grow at a CAGR of 5.6% from 2024 to 2032. The shift towards electric vehicles (EVs) drives the demand for MLCCs, particularly in power electronics, battery management systems, and electrical infrastructure. Unlike traditional combustion vehicles, modern EVs require more capacitors to support their complex electronics, including high-temperature capacitors for demanding applications.
The automotive power electronics sector is transforming, driving the expansion of the MLCCs market. Components such as inverters, converters, and power management systems now rely on high-performance capacitors that can endure extreme temperatures and electrical stress. The emergence of wide bandgap semiconductors, such as silicon carbide and gallium nitride, enables the development of capacitors capable of handling higher voltage and power density, opening new application areas.
Based on type, the automotive MLCC market from the general-purpose MLCC segment held over 35% of the share in 2023 and is projected to exceed USD 1.5 billion by 2032. Automotive electronics require capacitors that operate across a wide voltage range while delivering stable performance. Manufacturers are designing capacitors to serve a broad spectrum of applications, from low-power sensors to high-voltage EV powertrains, with voltage ratings ranging from 16V to 1000V.
In terms of voltage ratings, the automotive MLCCs market is divided into three segments: less than 50V, 50-200V, and more than 200V. The segment for MLCCs rated less than 50V is expected to surpass USD 2.6 billion by 2032. This growth is driven by the increasing integration of MLCCs with higher reliability into critical automotive electronic systems. Manufacturers are developing new ceramic dielectric materials, such as X7R and COG/NP0, to improve temperature stability and reduce failure rates. Advanced manufacturing techniques, like laser trimming and precision screening, are being employed to ensure the consistency and reliability of automotive-grade MLCCs.
China's automotive MLCCs market held a dominant 51% share in 2023. The country has made significant strides in reducing dependence on foreign technology through heavy investments in domestic production. Chinese manufacturers are innovating advanced production techniques to compete with global players from Japan and Korea. Government support, in line with technology transfer policies and substantial investments in research, is accelerating technological advancements in China. These manufacturers are focused on producing high-reliability automotive-grade MLCCs, strengthening the local supply chain, and developing expertise in cutting-edge electronic components.
The automotive power electronics sector is transforming, driving the expansion of the MLCCs market. Components such as inverters, converters, and power management systems now rely on high-performance capacitors that can endure extreme temperatures and electrical stress. The emergence of wide bandgap semiconductors, such as silicon carbide and gallium nitride, enables the development of capacitors capable of handling higher voltage and power density, opening new application areas.
Based on type, the automotive MLCC market from the general-purpose MLCC segment held over 35% of the share in 2023 and is projected to exceed USD 1.5 billion by 2032. Automotive electronics require capacitors that operate across a wide voltage range while delivering stable performance. Manufacturers are designing capacitors to serve a broad spectrum of applications, from low-power sensors to high-voltage EV powertrains, with voltage ratings ranging from 16V to 1000V.
In terms of voltage ratings, the automotive MLCCs market is divided into three segments: less than 50V, 50-200V, and more than 200V. The segment for MLCCs rated less than 50V is expected to surpass USD 2.6 billion by 2032. This growth is driven by the increasing integration of MLCCs with higher reliability into critical automotive electronic systems. Manufacturers are developing new ceramic dielectric materials, such as X7R and COG/NP0, to improve temperature stability and reduce failure rates. Advanced manufacturing techniques, like laser trimming and precision screening, are being employed to ensure the consistency and reliability of automotive-grade MLCCs.
China's automotive MLCCs market held a dominant 51% share in 2023. The country has made significant strides in reducing dependence on foreign technology through heavy investments in domestic production. Chinese manufacturers are innovating advanced production techniques to compete with global players from Japan and Korea. Government support, in line with technology transfer policies and substantial investments in research, is accelerating technological advancements in China. These manufacturers are focused on producing high-reliability automotive-grade MLCCs, strengthening the local supply chain, and developing expertise in cutting-edge electronic components.
Report Content
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry 360° synopsis, 2021 - 2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Raw material suppliers
3.2.2 MLCC manufacturers
3.2.3 Automotive OEM
3.2.4 Service providers
3.2.5 Technology integrators
3.2.6 End users
3.3 Profit margin analysis
3.4 Cost breakdown analysis
3.4.1 Material costs
3.4.2 Manufacturing and processing costs
3.4.3 Labour cost
3.4.4 Distribution cost
3.4.5 R & D costs
3.4.6 Others
3.5 Key news & initiatives
3.6 Regulatory landscape
3.7 Impact forces
3.7.1 Growth drivers
3.7.1.1 Growing vehicle electrification
3.7.1.2 Increasing vehicle connectivity requirements
3.7.1.3 Growth in vehicle power electronics
3.7.1.4 Advancements in electrical component manufacturing technologies
3.7.2 Industry pitfalls & challenges
3.7.2.1 Electromagnetic compatibility issues
3.7.2.2 Supply chain complexity
3.8 Growth potential analysis
3.9 Porter’s analysis
3.10 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY VEHICLE, 2021 - 2032 ($BN, UNITS)
5.1 Key trends
5.2 Passenger vehicles
5.2.1 Hatchback
5.2.2 Sedan
5.2.3 SUV
5.3 Commercial vehicles
5.3.1 Light Commercial Vehicles (LCV)
5.3.2 Heavy Commercial Vehicles (HCV)
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY MLCC, 2021 - 2032 ($BN, UNITS)
6.1 Key trends
6.2 General-purpose
6.3 High-capacitance
6.4 High-temperature
6.5 Soft-termination
6.6 Low-ESR (Equivalent Series Resistance)
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY PROPULSION, 2021 - 2032 ($BN, UNITS)
7.1 Key trends
7.2 ICE
7.3 Electric vehicles
7.3.1 Battery Electric Vehicles (BEV)
7.3.2 Plug-in Hybrid Electric Vehicles (PHEV)
7.3.3 Hybrid Electric Vehicles (HEV)
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY VOLTAGE, 2021 - 2032 ($BN, UNITS)
8.1 Key trends
8.2 Less than 50V
8.3 50V-200V
8.4 More than 200V
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY APPLICATION, 2021 - 2032 ($BN, UNITS)
9.1 Key trends
9.2 Powertrain systems
9.3 Advanced driver assistance systems
9.4 Infotainment & connectivity
9.5 Body electronics
9.6 Safety systems
9.7 Battery management systems
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY REGION, 2021 - 2032 ($BN, UNITS)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Spain
10.3.5 Italy
10.3.6 Russia
10.3.7 Nordics
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 ANZ
10.4.6 Southeast Asia
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Argentina
10.6 MEA
10.6.1 UAE
10.6.2 South Africa
10.6.3 Saudi Arabia
CHAPTER 11 COMPANY PROFILES
11.1 ADT
11.2 Cornell Dubilier
11.3 Darfon
11.4 Holy Stone Enterprise
11.5 Knowles Capacitors
11.6 Kyocera
11.7 Maruwa
11.8 Murata
11.9 NIC Components
11.10 Nippon Chemi-Con
11.11 Rohm Semiconductors
11.12 Samsung Electro-mechanics
11.13 Samwha Capacitor
11.14 Taiyo Yuden
11.15 TDK
11.16 Viking Tech
11.17 Vishay Intertechnology
11.18 Walsin Technologies
11.19 Wьrth Elektronik
11.20 Yageo Group
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry 360° synopsis, 2021 - 2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Raw material suppliers
3.2.2 MLCC manufacturers
3.2.3 Automotive OEM
3.2.4 Service providers
3.2.5 Technology integrators
3.2.6 End users
3.3 Profit margin analysis
3.4 Cost breakdown analysis
3.4.1 Material costs
3.4.2 Manufacturing and processing costs
3.4.3 Labour cost
3.4.4 Distribution cost
3.4.5 R & D costs
3.4.6 Others
3.5 Key news & initiatives
3.6 Regulatory landscape
3.7 Impact forces
3.7.1 Growth drivers
3.7.1.1 Growing vehicle electrification
3.7.1.2 Increasing vehicle connectivity requirements
3.7.1.3 Growth in vehicle power electronics
3.7.1.4 Advancements in electrical component manufacturing technologies
3.7.2 Industry pitfalls & challenges
3.7.2.1 Electromagnetic compatibility issues
3.7.2.2 Supply chain complexity
3.8 Growth potential analysis
3.9 Porter’s analysis
3.10 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY VEHICLE, 2021 - 2032 ($BN, UNITS)
5.1 Key trends
5.2 Passenger vehicles
5.2.1 Hatchback
5.2.2 Sedan
5.2.3 SUV
5.3 Commercial vehicles
5.3.1 Light Commercial Vehicles (LCV)
5.3.2 Heavy Commercial Vehicles (HCV)
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY MLCC, 2021 - 2032 ($BN, UNITS)
6.1 Key trends
6.2 General-purpose
6.3 High-capacitance
6.4 High-temperature
6.5 Soft-termination
6.6 Low-ESR (Equivalent Series Resistance)
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY PROPULSION, 2021 - 2032 ($BN, UNITS)
7.1 Key trends
7.2 ICE
7.3 Electric vehicles
7.3.1 Battery Electric Vehicles (BEV)
7.3.2 Plug-in Hybrid Electric Vehicles (PHEV)
7.3.3 Hybrid Electric Vehicles (HEV)
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY VOLTAGE, 2021 - 2032 ($BN, UNITS)
8.1 Key trends
8.2 Less than 50V
8.3 50V-200V
8.4 More than 200V
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY APPLICATION, 2021 - 2032 ($BN, UNITS)
9.1 Key trends
9.2 Powertrain systems
9.3 Advanced driver assistance systems
9.4 Infotainment & connectivity
9.5 Body electronics
9.6 Safety systems
9.7 Battery management systems
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY REGION, 2021 - 2032 ($BN, UNITS)
10.1 Key trends
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 UK
10.3.2 Germany
10.3.3 France
10.3.4 Spain
10.3.5 Italy
10.3.6 Russia
10.3.7 Nordics
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 ANZ
10.4.6 Southeast Asia
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Argentina
10.6 MEA
10.6.1 UAE
10.6.2 South Africa
10.6.3 Saudi Arabia
CHAPTER 11 COMPANY PROFILES
11.1 ADT
11.2 Cornell Dubilier
11.3 Darfon
11.4 Holy Stone Enterprise
11.5 Knowles Capacitors
11.6 Kyocera
11.7 Maruwa
11.8 Murata
11.9 NIC Components
11.10 Nippon Chemi-Con
11.11 Rohm Semiconductors
11.12 Samsung Electro-mechanics
11.13 Samwha Capacitor
11.14 Taiyo Yuden
11.15 TDK
11.16 Viking Tech
11.17 Vishay Intertechnology
11.18 Walsin Technologies
11.19 Wьrth Elektronik
11.20 Yageo Group
