Lucintel's latest market report analyzed that automotive multilayer ceramic capacitor provides attractive opportunities in the passenger car and commercial vehicle markets. The automotive multilayer ceramic capacitor market is expected to reach $11.5 billion by 2028 with a CAGR of 19%. In this market, X7R is the largest segment by product type, whereas passenger car is largest by application.
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Based on product type, the automotive multilayer ceramic capacitor market is segmented into X7R, X5R, C0G (NP0), Y5V, and others. The X7R segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to because it delivers enhanced efficiency, safety, and reliability in vehicles at a temperature range of -55 °C to +125 °C.
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The Automotive Multilayer Ceramic Capacitor Market is marked by the presence of several big and small players. Some of the prominent players offering automotive multilayer ceramic capacitor include Murata, Samsung Electro, TDK, Kyocera (AVX), and Taiyo Yuden.
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