2024 MLCC Market Analysis: Steady Demand Growth with Technology Innovation as Key Driver

Recently, an international authoritative market research institution released the "2024 Global MLCC Market In-depth Analysis Report", which shows that the global MLCC market size reached new heights in 2024, with a year-on-year growth of 12.5%. The report points out that the main factors driving MLCC market growth include: **Surge in 5G Communication Equipment Demand** With the accelerated construction of 5G networks, the demand for high-frequency, low-loss MLCCs in base station equipment, smartphones and other terminal products has increased significantly. The market share of high-end MLCC products continues to expand. **New Energy Vehicle Market Explosion** The rapid popularization of electric vehicles and hybrid vehicles has driven strong demand for automotive-grade MLCCs. Especially in key applications such as battery management systems and motor control, higher requirements have been placed on the reliability and high-temperature performance of MLCCs. **Industrial Automation Upgrade** The widespread application of IoT devices and intelligent manufacturing equipment has promoted steady growth of small and medium-capacity MLCCs. **Continuous Technology Innovation** Major manufacturers continue to innovate in materials technology and process optimization, launching products with smaller sizes and larger capacities to meet the development trends of miniaturization and high performance of electronic devices. Industry experts predict that the MLCC market will continue to maintain good growth momentum in 2025, with an expected annual growth rate of 10-15%.