Portland, OR -- (SBWIRE) -- 07/06/2018 -- According to a recent report published by Allied Market Research, titled, Global Multi-layer Ceramic Capacitor Market by Class, Application: Global Opportunity Analysis and Industry Forecast, 2018-2024, the global multilayer ceramic capacitor market was valued at $5,315 million in 2017, and is projected to reach at $7,833 million by 2024, growing at a CAGR of 5.5% from 2018 to 2024.

At present, Asia-Pacific dominates the market, followed by North America. In 2017, China dominated the Asia-Pacific market and Germany led the overall market in Europe. However, in North America, the U.S. currently leads the market.

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Enhanced frequency characteristics and high resistance to abnormal voltage propel the growth of the global MLCC market. In addition, performance advantages of MLCC such as high capacitance & lower impedance and its compact size contribute towards the market growth. However, MLCCs are highly prone to physical damage such as cracking, which hampers the market growth.

The key players profiled in the report include Murata Manufacturing Co., Ltd., Samsung Electro-Mechanics, TDK Corporation, Kyocera (AVX), Taiyo Yuden Co. Ltd., YAGEO Corporation, Walsin Technology Corporation, KEMET, Vishay, and Darfon Electronics Corp.

Key Findings of the Multi-Layer Ceramic Capacitor Market:

-The NP0 (C0G) segment generated the highest revenue in 2017.
-In 2017, X7R segment was the highest revenue contributor in the class 2 segment.
-LAMEA is anticipated to exhibit the highest CAGR during the forecast period.
-In 2017, Asia-Pacific contributed the highest market share, followed by North America, Europe, and LAMEA.