According to the research report titled ‘Global Multilayer Ceramic Capacitor (MLCC) Market Size study, by Type (General Capacitor, Array, Serial Construction, Mega Cap, Others), by Rated Voltage Range (Low Range, Mid-Range, High range), by Dielectric Type (X7R, X5R, C0G, Y5V, Others), by End-Use (Electronics, Automotive, Industrial, Telecommunication, Others) and Regional Forecasts 2020-2027‘, available with Market Study Report, global multilayer ceramic capacitor (MLCC) market was valued at USD 9.2 billion in the year 2019 and is expected to witness a CAGR of 5.1% during 2020-2027.
 

Rise in adoption of next-gen gadgets such as tablets and smartphones is expected to drive the growth of global multilayer ceramic capacitor (MLCC) market during the forecast period. MLCC is being integrated widely in electronics devices owing to advantages like small size and better charging capacity. Furthermore, technological advancements in 5G technology and expansion of telecommunication sector are likely to contribute to the market growth.
 

According to McKinsey & Co., overall sales of electric vehicles (EV) reached 2 million units in 2018, which was a rise of 63% than the previous year. This fact in consort with extensive adoption of product in EVs owing to lightweight are fueling global multilayer ceramic capacitor industry outlook.
 

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However, rising prevalence of COVID-19 has caused slowdown in MLCC industry trends due to decline in manufacturing processes. Although, after the pandemic, the industry is expected to witness robust growth.  Also, adoption of high definition technologies among individuals has encouraged utilization of MLCC in LCD and LED televisions, hence propelling the growth of global multilayer ceramic capacitor market.
 

On the downside, careful handling of ceramic due to the risk of physical damage is a major factor likely to hamper global multilayer ceramic capacitor market trends during 2020-2027.
 

Based on end-use spectrum, global multilayer ceramic capacitor market is segmented into automotive, industrial, electronics, telecommunication, and others. With regards to dielectric type, the industry is bifurcated into Y5V, X5R, X7R, C0G, and others. While as per rated voltage range, the industry is segmented into low, mid, and high. Speaking of the capacitor type, the market is bifurcated into serial construction, general capacitor, mega cap, array, and others.
 

From regional perspective, Asia Pacific was the major revenue contributor for worldwide multilayer ceramic capacitor market in the recent past and is anticipated to witness momentous growth over 2020-2027, mainly due to presence of major companies in South Korea, Japan, Taiwan, and India. Increasing demand from end-user industries and high proportion of mobile users are also contributing to the market growth in Asia Pacific.
 

Major players operating in global multilayer ceramic capacitor marketplace include Murata Manufacturing Co. Ltd., KEMET Corporation, Yageo Corporation, Chaozhou Three-Circle (Group) Co. Ltd., Samsung Electro-Mechanics Co. Ltd., Eyang Holdings Group Co. Ltd., Taiyo Yuden Co. Ltd., Guangdong Fenghua Advanced Technology Holding Co. Ltd., Kyocera Corporation, and Walsin Technology Corporation.