MLCC market seen hitting $22.81 billion by 2032

By AI, Created 11:11 AM UTC, May 20, 2026, /AGP/ – Maximize Market Research says the global multilayer ceramic capacitor market will rise from $15.94 billion in 2025 to $22.81 billion by 2032, driven by 5G devices, EVs and miniaturized electronics. The report points to supply-chain concentration in Northeast Asia and growing demand for high-voltage automotive-grade parts as key market shifts.

Why it matters: - MLCCs are becoming a strategic component for smartphones, electric vehicles, 5G infrastructure and AI hardware. - The market’s growth signals rising demand for smaller, higher-capacity parts across consumer and industrial electronics. - Supply security is now a procurement issue for automakers and electronics makers, not just a sourcing detail.

What happened: - Maximize Market Research valued the global multilayer ceramic capacitor market at $15.94 billion in 2025. - The firm projects the market will reach $22.81 billion by 2032, implying a 5.25% compound annual growth rate. - The report was published May 7, 2026. - The report says demand is being driven by 5G, AI and EV adoption. - The report is available as a full PDF sample copy.

The details: - A 5G smartphone uses more than 1,000 MLCCs. - An electric vehicle typically requires 10,000 to 18,000 MLCCs. - 5G rollout is increasing demand for high-capacitance, low-ESR MLCCs for millimeter-wave applications. - EV adoption is raising demand for automotive-grade MLCCs used in inverters, DC-DC converters and onboard chargers. - IoT devices, wearables and industrial sensors are boosting demand for ultra-miniaturized 0201 and 01005 package capacitors. - Over 70% of global MLCC production is concentrated in Japan, South Korea, Taiwan and China. - Raw material volatility in barium titanate and rare earths continues to pressure manufacturing costs. - The 2021 component shortage exposed weaknesses across automotive, consumer electronics and industrial supply chains. - General-purpose MLCCs led the market by type in 2025 with more than 40% share. - Electronics and telecommunications were the largest end-use markets. - Automotive was the fastest-growing end-use segment. - Asia Pacific held a 40.55% share of the MLCC market in 2025. - North America is the fastest-growing demand region, supported by EV production and ADAS adoption. - The report lists major players including Murata Manufacturing, TDK, Samsung Electro-Mechanics, Kyocera, Vishay, Yageo, KEMET, Taiyo Yuden, Rohm, Walsin Technology, Nippon Chemi-Con, Knowles Precision Devices, Cornell Dubilier Electronics and Samwha Capacitor Group.

Between the lines: - The report frames MLCCs as infrastructure-level parts because more electronics now depend on dense power management and miniaturization. - The 2021 shortage changed the market’s profile by exposing how dependent manufacturers are on a narrow supplier base. - Asia Pacific’s dominance suggests the center of gravity for MLCC production remains in Northeast Asia even as other regions push to diversify. - India’s PLI scheme and the U.S. CHIPS Act are being used to pull more component manufacturing closer to end markets. - Murata, TDK and Samsung Electro-Mechanics appear positioned to capture much of the premium demand tied to EVs, 5G and AI servers.

What’s next: - The report expects 800V EV architectures to increase demand for MLCCs rated above 1,000V. - AI server growth should keep boosting demand for decoupling capacitors in GPU-heavy systems. - Manufacturing investment in India and North America could gradually reduce reliance on Northeast Asian supply chains. - Competition is likely to intensify as Chinese producers expand commodity-grade output and pressure prices. - More information