The North America Multi-Layer Ceramic Capacitor Market would witness market growth of 4.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America Multi-layer Ceramic Capacitor Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,264.7 million by 2031. The Canada market is exhibiting a CAGR of 6.8% during (2024 - 2031). Additionally, The Mexico market would experience a CAGR of 5.9% during (2024 - 2031).
In consumer electronics, MLCCs are ubiquitous, found in smartphones, laptops, tablets, wearable devices, and smart TVs. A single smartphone, for instance, may contain hundreds to over a thousand MLCCs, performing tasks such as decoupling, filtering, and energy storage to ensure smooth operation. The compact size and high capacitance of MLCCs make them ideal for these devices, where space is at a premium and performance expectations are sky-high.
Additionally, MLCCs have become increasingly vital in the automotive industry, particularly with the growth of electric vehicles (EVs) and advanced driver-assistance systems (ADAS). As per the International Energy Agency, the Electric car industry is seeing robust growth as sales neared 14 million in 2023. The proportion of EVs in total sales increased from approximately 4% in 2020 to 18% in 2023. It is anticipated that EV sales will remain robust until 2024. In the first quarter, the number of electric cars sold exceeded three million, representing a 25% increase from the same period in the previous year.
In addition, Mexico is a leading hub for electronics and automotive manufacturing, with major global companies establishing production facilities in the country. The presence of automakers, consumer electronics brands, and industrial equipment manufacturers is creating substantial demand for MLCCs. In particular, the rise of electric vehicles (EVs), 5G infrastructure, and IoT-enabled devices in Mexico is boosting the need for miniaturized, high-durability capacitors. Furthermore, Mexico’s position as a key exporter of electronic components to North America makes it a crucial player in the MLCC supply chain, ensuring steady growth in demand for these essential components.
Free Valuable Insights: The Multi-layer Ceramic Capacitor Market is Predict to reach USD 15.97 Billion by 2031, at a CAGR of 5.3%
Based on Rated Voltage Range, the market is segmented into Low Range (Up to 50 V), Mid-range (100 V - 630 V), and High Range (1,000 V & above). Based on Case Size, the market is segmented into 603-1,206 Inches, Less than 603 Inches, and More than 1,206 Inches. Based on Type, the market is segmented into General Capacitor, Array, Serial Construction, Mega Cap, and Other Type. Based on Dielectric Type, the market is segmented into X7R, X5R, C0G, Y5V, and Other Dielectric Type. Based on End-use, the market is segmented into Electronics, Automotive, Industrial, Telecommunication, Data Transmission, and Other End-use. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Rated Voltage Range
By Case Size
By Type
By Dielectric Type
By End-use
By Country
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