The Global Multi-Layer Ceramic Capacitor market accounted for $9.20 billion in 2019 and is expected to reach $15.92 billion by 2027 growing at a CAGR of 7.1% during the forecast period.
Increased demand from various industries and enhanced frequency characteristics and high resistance of these capacitor are driving the growth of the market. However, dielectric materials that are flat that can lead to physical damage of these capacitor are hampering the growth of the market.
Multi-Layer Ceramic Capacitor are made of alternating layers of ceramic and metal. MLCC is a surface-mounted device (SMD) capacitor, which is used in a wide range of capacitance applications. These capacitor have low impedance value at high operating frequencies.