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Report Insights: According to Cognitive Market Research, the global Multilayer Ceramic Capacitor (MLCC) market size will be USD 14514.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 14.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 5805.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 4354.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 3338.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 725.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 290.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.7% from 2024 to 2031.
The less than 200 mL category is the fastest growing segment of the Multilayer Ceramic Capacitor (MLCC) industry
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