Multilayer Ceramic Capacitor Industry Set for Robust Expansion as 5G, AI, and Electric Mobility Reshape Demand

The global multilayer ceramic capacitor market, valued at approximately USD 16.4 billion in 2025 and estimated to reach USD 17.7 billion in 2026, is projected to expand significantly to USD 35.3 billion by 2035, registering a robust CAGR of 7.9% during the forecast period from 2026 to 2035. This sustained growth trajectory reflects the accelerating demand for compact, high-capacitance electronic components across consumer electronics, automotive electrification, telecommunications, and industrial automation sectors.

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Rapid miniaturization of electronic devices, combined with rising deployment of 5G infrastructure and advanced automotive electronics, is fundamentally reshaping demand patterns for MLCCs. Smartphones, wearables, laptops, IoT devices, and data center equipment increasingly require ultra-compact, high-performance capacitors to enable dense circuit integration, signal stability, and efficient power management. Meanwhile, electric and hybrid vehicles are driving a surge in MLCC consumption, with tens of thousands of capacitors integrated into battery management systems, power inverters, infotainment platforms, and advanced driver-assistance systems.

The global rollout of 5G networks and AI-driven computing platforms is further accelerating market momentum, boosting adoption of high-frequency and high-reliability MLCC solutions in base stations, small cells, RF modules, and data centers. Additionally, strong government backing through initiatives such as the U.S. CHIPS and Science Act, India’s Production Linked Incentive (PLI) Scheme, China’s “Made in China 2025” strategy, and the European Union’s Green Deal industrial modernization programs is strengthening domestic manufacturing capabilities and supply-chain resilience, encouraging long-term investment across major regions.

Asia Pacific continues to dominate the global landscape, accounting for over half of total market demand, supported by China’s electronics manufacturing ecosystem, Japan’s advanced materials innovation, and South Korea’s semiconductor leadership. North America and Europe follow, driven by rapid electrification in automotive production, industrial automation, and expanding digital infrastructure investments.

Technological advancements in high-voltage MLCCs, ultra-small package formats, automated quality inspection systems, and digital manufacturing platforms are enabling suppliers to enhance product performance, production efficiency, and cost optimization. These innovations are creating new growth opportunities in electric vehicles, renewable energy systems, robotics, and industrial automation, where durability, thermal stability, and high-frequency reliability are essential.

Leading players including Murata Manufacturing, TDK Corporation, Samsung Electro-Mechanics, Taiyo Yuden, Kyocera, Yageo, AVX, Vishay, and Walsin Technology continue to invest aggressively in capacity expansion, R&D, and next-generation MLCC technologies to strengthen their competitive positioning and meet rising global demand.

With accelerating digitalization, electrification, and infrastructure modernization worldwide, the multilayer ceramic capacitor market is poised for sustained long-term expansion, positioning MLCCs as a critical building block in the next era of global electronics innovation.

Rising Cyber Threats Drive Growth in Embedded Security Market

According to the latest market research study published by P&S Intelligence, the global embedded security market is on track for significant growth, projected to reach USD 12.9 billion by 2032, up from USD 8.1 billion in 2024.

This growth is driven by the increasing prevalence of cyberattacks and the rising number of connected devices, such as smart wearables and IoT systems, which are highly vulnerable to data breaches. The market is expanding at a 5.9% CAGR during the forecast period (2025–2032). Embedded security solutions, especially in digital payments and IoT devices, are crucial for safeguarding sensitive data and ensuring secure communication across various sectors like automotive, healthcare, and consumer electronics. Regulatory measures and technological advancements continue to shape this dynamic landscape.

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Key Insights

• The embedded security market is segmented by offering into hardware, software, and services, with hardware holding the largest share due to its essential role in embedded security systems.
• Software is the fastest-growing segment, driven by increasing cyberattack complexity, leading to a rise in demand for advanced security software for real-time threat detection and protection.
• The automotive sector holds the largest end-user share, as connected vehicles require robust embedded security solutions to safeguard sensitive communications and data.
• The Asia-Pacific region is the largest and fastest-growing market for embedded security solutions, largely driven by the widespread adoption of IoT devices and digital payment systems.
• The payment application category dominates the market with a 45% share, fueled by the growing volume of online transactions and the rise of contactless payments.
• The authentication segment is the fastest-growing application area, driven by the increasing need for secure user verification in digital platforms.
• The high cost and complexity of developing embedded security systems remain key restraints, particularly for small to medium-sized enterprises (SMEs).
• Emerging opportunities in smart cities, automated industrial machinery, and remote healthcare systems are expected to provide further growth avenues for embedded security providers.
• Companies like Axis Bank and Thales Group are exploring innovative solutions, such as wearable payment devices, to meet the growing demand for secure payment methods.
• The COVID-19 pandemic has significantly accelerated the need for embedded security in remote work setups, further driving the demand for advanced security solutions.