Global Multilayer Ceramic Capacitor Market
- 4100.00 Dollar US$
- Published date: June 11, 2021
- Pune, Areraj, Bihar, India
Global Multilayer Ceramic Capacitor Market was valued US$ 5.59 Bn in 2019 and is expected to reach US$ 8.5 Bn by 2027 at a CAGR of 5.38% during the forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Multilayer Ceramic Capacitor Market has witnessed continuous growth from past few years and is predictable to grow because of many factors like growth in IoT (Internet of Things), increasing automotive production, expanding demand for consumer electronics, etc. With the help of multilayer ceramic capacitor frequency characteristic and impedance improves, which drives the growth of the global market. However, multilayer ceramic capacitor market faces certain challenges like tight supply and increase in lead times.
Class 2 multilayer ceramic capacitor segment contributed nearly three-fourths share of the total revenue, owing to high volumetric efficiency and increase in usage for smoothing, coupling, decoupling, and by-pass applications. This segment is expected to lead throughout the forecast period. However, class 1 multilayer ceramic capacitor segment is expected to grow at the fastest CAGR%, because of features like low energy loss and high stability level.
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