The latest market report published by Credence Research, Inc. “Global Embedded MLCC Market: Growth, Future Prospects, and Competitive Analysis, 2017 – 2030”. The Global Embedded MLCC Market generated revenue of around USD X.X billion in 2022 and is anticipated to grow a CAGR of over X.X% during the forecast period from 2023 to 2030 to reach around USD X.X billion in 2030.
The proportion of MLCCS used per vehicle is increasing as the automotive industry quickly adopts cutting-edge automobiles like those with Advanced Driver Assistance Systems (ADAS) and self-driving cars. Due to increased pollution levels and high gasoline prices, more people are choosing hybrid and electric vehicles. The demand for electric and battery-powered cars will rise in the upcoming years. As a result, multilayer ceramic capacitor manufacturers will have attractive opportunities. The use of MLCCs in the telecommunications industry will increase, which will help the market flourish. In numerous RF and telecom systems, ceramic multilayer capacitors are employed. The market will expand as more consumer devices, including smart wearables, use MLCC.
The global Embedded MLCC market is bifurcated into Product Type, Application, and Geography. Based on product type, the market is categorized into C0G, X5R, JIS-B, and Others. On the basis of application, the global market is segmented into automotive, consumer electronics, IC packages, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The North American region was projected to account for a sizable portion of the global Embedded MLCC market in 2022. Because there are many electric vehicle manufacturers in North America, there is a growing demand for multilayer ceramic capacitors. For instance, the Tesla Model 3 has over 9000 multilayer ceramic capacitors. As the number of battery electric vehicles produced is anticipated to increase from 1050000 in 2020 to around 2612000 in 2025, the need for embedded multilayer ceramic capacitors will increase dramatically.
Embedded MLCC Market opportunities refer to the potential for growth and development in the market for Embedded Multilayer Ceramic Capacitors. These tiny devices are used extensively in electronic products, from smartphones to automobiles, due to their ability to store and discharge electrical energy quickly and efficiently. With the increasing demand for smaller and more powerful electronic devices, there has been a surge in demand for embedded MLCCs that can be easily integrated into these products.
The Embedded MLCC Market Major Challenges have been a topic of concern for many industry experts as they pose significant obstacles to the growth and development of this market. One of the primary challenges is related to the increasing demand for high-capacity capacitors, which creates a supply-demand gap that manufacturers struggle to cope with. Additionally, issues such as limited availability of raw materials and fluctuating prices further add to the complexities involved in manufacturing embedded MLCCs. Moreover, design complexity and compatibility issues with other components can also hinder smooth product integration. Another notable challenge is maintaining consistent quality across large volumes while ensuring adherence to stringent regulatory requirements.
Some of the key factors driving the growth of the embedded MLCC market worldwide include:
- Increasing demand for consumer electronics: The demand for consumer electronics is increasing, and embedded MLCCs are a key component in many of these devices, such as smartphones, tablets, and laptops.
- Growing adoption of IoT and smart devices: The adoption of IoT and smart devices is increasing rapidly, and embedded MLCCs are an essential component of these devices. These capacitors provide stable and reliable power, helping to ensure the proper functioning of IoT and smart devices.
- Technological advancements in MLCCs: Technological advancements in MLCCs have led to the development of more sophisticated and reliable embedded MLCCs. These capacitors can provide higher levels of capacitance in smaller sizes, improving the performance of electronic devices.
- Growth in the automotive industry: The automotive industry is experiencing steady growth, and embedded MLCCs are becoming increasingly important in ensuring the proper functioning of automotive electronics, such as infotainment systems, navigation systems, and advanced driver assistance systems.
- Increase in the demand for renewable energy: The demand for renewable energy is increasing, and embedded MLCCs are a key component in many renewable energy applications, such as wind turbines and solar panels.
Why to Buy This Report-
- The report provides a qualitative and quantitative analysis of the global Embedded MLCC market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2018-2021, base year- 2022, and forecast period 2023-2030.
- The report contains information related to the competitive landscape like how the key players in the market are operating at a global, regional, and country level
- In-depth analysis of the global Embedded MLCC market segmentation based on product type and application.
- The global Embedded MLCC market report also includes analyzing the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.
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