Radial Leads Multilayer Ceramic Capacitors Market Report

Market Insights

The Radial Leads Multilayer Ceramic Capacitors market is projected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of around x% during the forecast period.

Figure: Radial Leads Multilayer Ceramic Capacitors Market Size, 2020-2026 (USD Million)

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What is a multilayer ceramic capacitor?

Multilayer ceramic capacitors also known as MLCC’s are specially designed capacitors. They consist of a multilayer structure which includes ceramic material and metal conducting layers. These capacitors are primarily used in applications where small-value capacitances are needed. In radial leads multilayer ceramic capacitors both leads come out of one end, typically mounted vertical to the board. 

Key Players

Key players operating in the Radial Leads Multilayer Ceramic Capacitors market are-

• Vishay Intertechnology, Inc. (US)
• Kingtronics International (China)
• KEMET Corporation (US)
• Vatronics Technologies Limited (US)
• Murata Manufacturing Co., Ltd (Japan)
• Samsung Electro-Mechanics (South Korea)
• TDK Corporation (Japan)
• Kyocera Corporation (Japan)
• Taiyo Yuden Co., Ltd. (Japan).

Market Dynamics

The growth of radial leads multilayer ceramic capacitors market is primarily driven by widespread product use in applications including smartphone screens, power circuit breakers, induction furnaces and laser power supplies among others. Growing demand for consumer electronics is likely to drive the growth of the radial leads multilayer ceramic capacitors market at a significant rate during the review period. In addition to this, rising demand for advanced radial leads multilayer ceramic capacitors is likely to create lucrative opportunities for the players operating in the global market in the coming years.

Segment Analysis

Application Trends

By application, the radial leads multilayer ceramic capacitors market has been bifurcated into consumer electronics, automotive, industrial machinery, defence and others. Under these, the consumer electronics segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. This can be attributed to increasing demand for smartphones across geographies.

Regional Trends

By region, the market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to presence of strong electrical and electronics industry and expanding automotive in the developing countries particularly China and India coupled with growing digitalization and rising per capita disposable income. The market growth in North America region is expected to be driven by high demand for advanced capacitors and presence of established end-use industries.

COVID-19 Impact on Radial Leads Multilayer Ceramic Capacitors Market

The covid-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the radial leads multilayer ceramic capacitors market negatively as imposition of complete lockdown and restrictions on trade affected the product supply and demand for a short period of time.

Critical Questions Answered in the Report

• What are the key trends in the Radial Leads Multilayer Ceramic Capacitors market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on Radial Leads Multilayer Ceramic Capacitors market?
• What are the key strategies adopted by the major vendors to lead in the Radial Leads Multilayer Ceramic Capacitors market?
• What is the market share of the top vendors?

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Target Audience

Here is the list of the group of customers that the radial leads multilayer ceramic capacitors market hopes to have the greatest opportunity to convert-

• Radial leads multilayer ceramic capacitors distributors
• Radial leads multilayer ceramic capacitors suppliers
• Radial leads multilayer ceramic capacitors manufacturers
• Logistics organizations
• Government bodies

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