Multilayer Ceramic Capacitor Market Segmentation, Demand, Growth, Trends, Opportunities and Forecast 2027
According to Market Research Future (MRFR), the global multilayer ceramic capacitor (MLCC) market had a valuation of USD 5,624.2 million in 2018 and is expected to reach USD 8,067.2 million with a CAGR of 6.38% from 2017 to 2023 (forecast period). The report explores and examines the effect of the COVID-19 outbreak on the global multilayer ceramic capacitor (MLCC) market, including possible opportunities and threats, drivers, and risks. Multilayer ceramic capacitor (MLCC) is an essential component in electrical and electronic devices, including mobile devices, automobiles, and household appliances. Capacitors allow the temporary storage of electric charges in electronic circuits; they are often used for noise suppression to remove unwanted signals. Market Dynamics Demand for MLCCs has risen significantly over the last two years due to the growing demand for automotive components, the advent of 5 G, and the rapid adoption of IoT. High capacitance MLCCs are in demand for IoT ...