Multi-layer Ceramic Capacitors (MLCC) are a type of ceramic capacitors which consist of alternate layers of metal and ceramic to make a multi-layer chip. The ceramic layer acts as a dielectric. A number of ceramic capacitors are stacked together in parallel and contact is made via terminal surfaces. They possess low impedance values at high operating frequencies, as a result of which they are widely used in electronic devices for the crucial function of noise suppression. Some of the key application areas include mobile phones, tablets, telecommunications, data processing, consumer electronics, video cameras, PCs, notebooks, hard disks, DVDs, game PCs, general electronic circuits, etc.
Increasing demand for MLCCs in the electronics market is a major driver for the growth of this market. This demand can be attributed to the continuous increase in the requirement of high-specification gadgets. MLCCs are incorporated in smartphones and tablets as their functions have become increasingly complex and sophisticated. Increased demand for smartphones and tablets, coupled with cost efficiency is expected to drive market growth. Ceramic has some inherent drawbacks which could pose a challenge to the growth of this market. MLCCs are also integrated in modern smart LED and LCD televisions. Increasing popularity of modern smart televisions is expected to augment the industry growth. Ceramic is prone to physical damage such as getting cracked. Unless the MLCCs are handled with utmost care, the lifetime of MLCCs can shorten.
Asia Pacific dominates the market for MLCCs. It is also expected to be the fastest growing market in the forecast period. The Asia Pacific region is expected to be a key manufacturing hub for electronic device manufacturers. This has consequently fuelled demand for MLCCs in this region and led to the emergence of MLCC manufacturers from countries such as India, Taiwan, South Korea, etc. Adoption of improved technology and development initiatives has driven production activities in this region. Europe follows Asia Pacific in terms of market share. The revenue generation of global MLCC market has surpassed that of other primary capacitor dielectrics over the past decade owing to dramatic breakthroughs in electrostatic capacitor technology.
Key vendors include Vishay Intertechnology, Murata Manufacturing Co. Ltd., Johanson Dielectrics, Samsung Electro-Mechanics Co. Ltd., TDK Corp, KEMET, Yageo Corp, Taiyo Yuden Co. Ltd., AFM Microelectronics Inc., Future Electronics, and Walsin Technology Corp. among others. Samsung Electro Mechanics offers different MLCCs such as general purpose, high capacitance, super small size, medium-high voltage, array, low ESL and automotive.
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