Smartphone MLCC Market Research Report By Component Type (Multilayer Ceramic Capacitors, Tantalum Capacitors, Aluminum Electrolytic Capacitors), By Application (Smartphones, Tablets, Wearable Devices), By Capacitance Value (Low Capacitance, Medium Capacitance, High Capacitance), By Mounting Type (Surface Mount Device, Through Hole) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032

Smartphone MLCC Market Overview

As per MRFR analysis, the Smartphone MLCC Market Size was estimated at 12.86 (USD Billion) in 2022. The Smartphone MLCC Market Industry is expected to grow from 13.76(USD Billion) in 2023 to 25.3 (USD Billion) by 2032. The Smartphone MLCC Market CAGR (growth rate) is expected to be around 7.0% during the forecast period (2024 - 2032).

Key Smartphone MLCC Market Trends Highlighted

The Smartphone MLCC Market has been significantly influenced by the increasing demand for compact electronic devices, which drives the need for multi-layer ceramic capacitors in smartphones. As smartphone manufacturers pursue smaller and lighter designs, MLCCs offer essential features such as energy efficiency, reliability, and performance. The growth of mobile applications and the rise of 5G technology further propel the demand for advanced components, creating a strong incentive for manufacturers to innovate and expand their product offerings.  There are various opportunities within this market for manufacturers and suppliers to explore.

The rise in demand for electric vehicles and IoT devices presents a vast market potential for MLCCs beyond smartphones. Moreover, advancements in manufacturing processes and materials can lead to the development of more efficient and high-capacity capacitors. Companies can enhance their competitiveness through research and development, focusing on miniaturization and improved performance characteristics tailored to meet the evolving needs of the smartphone industry. Recent trends indicate a shift toward high-capacitance MLCCs, driven by the growing complexity of smartphone designs. There is also a noticeable preference for environmentally friendly production methods, as sustainability becomes a core consideration in electronics manufacturing.

Additionally, supply chain disruptions have pushed companies to diversify their sourcing strategies, ensuring a steady supply of materials needed for MLCC production. This adaptation not only fosters resilience but also opens doors for new partnerships and collaborations within the industry. The continuous evolution in smartphone technology will demand further innovations in MLCCs, making it a dynamic area of growth for manufacturers.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Smartphone MLCC Market Drivers

Increasing Demand for Smartphones

The Smartphone MLCC Market industry makes an impressive entry in terms of volumetric growth spurred by increasing smartphone penetration on the global scale. The explosion of mobile device technology and the migration to new devices have translated into explosive levels of smartphone manufacturing. Given that smartphones are becoming ever more central to everyday living, there is a shift towards sourcing parts that have improved capabilities. Multi-layer ceramic capacitors (MLCCs) have become an indispensable part of smartphones as they manage power supply, frequency and signal processing functions.

Consequently, this trend has been endorsed by the adoption of fifth-generation technology, as 5G smartphones will have more MLCCs to enable high-speed data transmission and enhanced integration. Furthermore, the innovation towards producing slimmer smartphones necessitates smaller and more technologically advanced MLCCs. Hence, it can therefore be extrapolated that the Smartphone MLCC Market industry will continue to grow in response to the changing needs of consumers and technology trends.

Technological Advancements in MLCCs

Technological advancements in MLCC manufacturing and design are driving the growth of the Smartphone MLCC Market industry. Innovations such as high-capacitance MLCCs and improved production techniques have enabled manufacturers to produce components that are smaller, more efficient, and capable of handling higher voltages. These advancements not only enhance device performance but also cater to the increasing complexity of modern smartphones, which require superior component performance. Continuous research and development efforts in electronics manufacturing are expected to yield even more specialized MLCCs that can meet the burgeoning needs of smartphone applications.

Rise of IoT and Smart Devices

The rise of IoT and smart devices is significantly affecting the Smartphone MLCC Market industry. With the Internet of things becoming a staple in various consumer electronic sectors, the demand for interconnected smart devices, including smartphones, continues to rise. The integration of smart technology into everyday items creates the need for higher-quality electronic components, including MLCCs, which are crucial for their functionality and efficiency.As these technologies evolve, smartphone manufacturers are compelled to enhance their products to remain competitive, directly benefiting the MLCC market as well.

Smartphone MLCC Market Segment Insights

Smartphone MLCC Market Component Type Insights   

The Smartphone MLCC Market is experiencing robust growth, driven significantly by the increasing demand for advanced mobile devices that necessitate efficient electronic components. Among the component types, Multilayer Ceramic Capacitors are highly prominent, showcasing a valuation of 6.0 USD Billion in 2023 and expected to grow to 11.5 USD Billion in 2032. This segment holds the majority market share due to its favorable characteristics, such as high capacitance, compact size, and reliability, making them essential for modern smartphones. Tantalum Capacitors also play a vital role in this market, with a valuation of 4.0 USD Billion in 2023, progressing to 7.5 USD Billion in 2032.

These capacitors are valued for their stability and efficiency, particularly in high-load conditions, which makes them critical in high-performance smartphones. Lastly, Aluminum Electrolytic Capacitors, valued at 3.76 USD Billion in 2023 and projected to reach 6.3 USD Billion in 2032, are slightly less dominant than the previous two types, yet their significance cannot be overlooked. They are essential for filtering and power stabilization in smartphones, thus ensuring the smooth operation of mobile devices. Overall, the Smartphone MLCC Market segmentation highlights the essential nature of these capacitors, each contributing uniquely to the expansion of electronic functionalities in smartphones, underpinned by the steady growth trend in the industry.

Both the Multilayer Ceramic and Tantalum Capacitors significantly dominate the market due to their unique advantages in performance and reliability, driving the overall market growth for smartphone components. Rising mobile technology trends and an increasing focus on miniaturization further bolster the importance of these component types, presenting opportunities for innovation and enhanced designs within the Smartphone MLCC Market industry. As smartphone functionalities continue to expand, the demand for efficient and compact capacitor types will likely create new avenues for growth and development, reflected in the market statistics in the coming years.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Smartphone MLCC Market Application Insights   

The Smartphone MLCC Market is projected to reach a value of 13.76 USD billion in 2023 and is expected to grow significantly in the following years. This market is primarily driven by the rising demand for advanced electronic devices that require high-capacity MLCCs to support complex functionalities. The Applications within the market include categories such as Smartphones, Tablets, and Wearable Devices, with Smartphones representing a major portion due to their widespread usage and continuous innovation. Tablets complement this segment by offering enhanced multimedia experiences, while Wearable Devices are gaining traction due to the increasing focus on health and fitness technology, making them significant contributors to market growth. In this evolving landscape, trends like miniaturization and increasing energy efficiency highlight the importance of MLCCs across these applications, addressing both consumer preferences and environmental concerns. The Smartphone MLCC Market statistics reflect a growing industry that faces challenges such as supply chain disruptions and the need for advanced manufacturing techniques to meet escalating demands while capitalizing on emerging opportunities within the electronics sector.

Smartphone MLCC Market Capacitance Value Insights   

The Smartphone MLCC Market, evaluated at 13.76 USD Billion in 2023, is significantly driven by the diverse capacitance values that serve various applications within smartphones. The capacitance value segment plays a crucial role in defining the performance and efficiency of mobile devices, with various capacitance levels catering to different needs. Low capacitance MLCCs find utility in compact electronic components, while medium capacitance variants are essential for balancing power consumption and size in mid-range smartphones. High capacitance MLCCs dominate the market owing to their ability to support advanced features and functionalities in high-end smartphones, representing a substantial portion of the revenue stream. Market growth is supported by the increasing demand for smartphones integrated with complex functionalities, as well as advancements in technology. However, supply chain challenges and fluctuating material costs can impact the overall industry dynamics. The Smartphone MLCC Market segmentation shows a clear trend of increasing adoption of high capacitance components, reflecting consumer preferences for enhanced device capabilities. Increased connectivity and the expansion of smart device ecosystems further enhance market prospects, shaping the future landscape of capacitance value within the smartphone MLCC sector.

Smartphone MLCC Market Mounting Type Insights   

The Smartphone MLCC Market, valued at approximately 13.76 USD Billion in 2023, is witnessing robust growth, particularly in the mounting type segment. This segment is primarily centered around Surface Mount Devices and Through Hole technologies, which play a critical role in modern smartphone manufacturing. Surface Mount Devices dominate the market due to their compact size and efficiency, enabling manufacturers to save valuable board space while enhancing performance. Through Hole, though less prevalent, remains significant for applications requiring greater durability and ease of handling during production. The demand for miniaturization and smart features in smartphones drives the increased adoption of these mounting types. As the market progresses toward 2032, emerging trends in wireless technology and IoT integration propel innovation in mounting techniques. Challenges in the mounting type segment include stringent quality standards and the need for compatibility with various smartphone designs. Nevertheless, opportunities abound as advancements in materials and technology pave the way for improved performance and reduced costs, shaping the dynamics of the Smartphone MLCC Market segmentation and contributing to a thriving industry landscape.

Smartphone MLCC Market Regional Insights   

The Smartphone MLCC Market is projected to reach a valuation of approximately 13.76 USD Billion in 2023, with significant contributions from various regions. The APAC region holds a majority share at 6.7 USD Billion, representing a dominant position due to its extensive smartphone manufacturing activities and rapid technological advancements. North America follows with a valuation of 3.97 USD Billion, highlighting its strong consumer base and innovation in smartphone technology. Europe, valued at 2.82 USD Billion, also plays a significant role, driven by a growing demand for advanced features in mobile devices. Meanwhile, South America and the MEA regions, valued at 0.81 USD Billion and 0.46 USD Billion, respectively, are considered emerging markets with potential growth opportunities. The overall trends in the Smartphone MLCC Market indicate a rising demand for multi-layer ceramic capacitors, which are critical for enhancing device performance and efficiency in smartphones. Factors such as increasing smartphone penetration, higher disposable incomes, and advancements in electronics are key drivers supporting market growth across these regions.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Smartphone MLCC Market Key Players and Competitive Insights

The Smartphone MLCC Market is characterized by intense competition as manufacturers strive to meet the growing demand for multilayer ceramic capacitors in smartphones. With technological advancements and the continuous evolution of mobile devices, the need for compact, high-performance components is paramount. This market encompasses a range of companies, from established giants to innovative newcomers, each vying for market share by offering superior quality products, innovative designs, and competitive pricing. The increasing integration of advanced features in smartphones, such as 5G connectivity, has further amplified the necessity for reliable MLCC solutions. Consequently, companies are focusing on research and development to enhance their product offerings and maintain a competitive edge.

Tianjin Deli has cultivated a strong presence in the Smartphone MLCC Market, leveraging its extensive experience and capacity for innovation. The company is recognized for its commitment to quality and reliability, which resonates with manufacturers looking for dependable components for their smartphone designs. Tianjin Deli’s manufacturing capabilities enable it to produce a diverse range of MLCCs, allowing it to cater to the varying needs of the smartphone industry, such as size, capacitance, and voltage ratings. This versatility positions Tianjin Deli as a prominent supplier, enabling smartphone manufacturers to implement advanced technologies in their devices. Furthermore, the company’s dedication to stringent quality control and adherence to international standards enhances its reputation among clients and partners alike.

Chilisin Electronics stands out in the Smartphone MLCC Market due to its strong focus on innovation and efficiency in production. The company's robust research and development initiatives have led to the creation of specialized MLCCs that address the specific demands of modern smartphones, particularly in terms of miniaturization and performance. Chilisin Electronics is adept at adapting to market trends and customer needs, allowing it to maintain a competitive advantage. Their investment in state-of-the-art manufacturing processes ensures not only high-quality products but also the ability to scale production swiftly to meet fluctuating demands in the smartphone sector. This agility enhances Chilisin Electronics’ position in a dynamic market where responsiveness and product excellence are integral to success.

Key Companies in the Smartphone MLCC Market Include

• Tianjin Deli


• Chilisin Electronics


• Fenghua Advanced Technology


• Nippon ChemiCon


• Samwha Capacitor


• Taiyo Yuden


• KEMET Corporation


• Walsin Technology


• Vishay Intertechnology


• Yageo Corporation


• Partron


• AVX Corporation


• Samsung ElectroMechanics


• TE Connectivity


• Murata Manufacturing

Smartphone MLCC Market Industry Developments

Recent developments in the Smartphone MLCC Market have showcased significant advancements and shifts, especially among key players like Nippon ChemiCon, Murata Manufacturing, and Taiyo Yuden. Notably, the rising demand for smaller and more efficient electronic components has propelled companies such as KEMET Corporation and Vishay Intertechnology to enhance their production capabilities and innovate their product lines. Additionally, the increasing integration of MLCCs in next-generation smartphones has triggered a focus on supply chain optimization, with entities like Samsung ElectroMechanics and AVX Corporation strengthening their manufacturing processes. Current affairs also highlight a competitive landscape, where growth projections indicate an expansion in market valuation driven by technological advancements and increasing demand for high-performance smartphones. Amid these dynamics, the potential for mergers and acquisitions remains a focal point as companies seek to consolidate their market positions. For instance, partnerships involving firms like Chilisin Electronics and Yageo Corporation have emerged as strategies to enhance operational efficiency and product offerings. The evolving market is significantly influenced by these developments, setting the stage for a dynamic future in the Smartphone MLCC sector.

Smartphone MLCC Market Segmentation Insights

• Smartphone MLCC Market Component Type Outlook
  
  
  
  • Multilayer Ceramic Capacitors
  
  
  • Tantalum Capacitors
  
  
  • Aluminum Electrolytic Capacitors
  
  
  
  


• Smartphone MLCC Market Application Outlook
  
  
  
  • Smartphones
  
  
  • Tablets
  
  
  • Wearable Devices
  
  
  
  


• Smartphone MLCC Market Capacitance Value Outlook
  
  
  
  • Low Capacitance
  
  
  • Medium Capacitance
  
  
  • High Capacitance
  
  
  
  


• Smartphone MLCC Market Mounting Type Outlook
  
  
  
  • Surface Mount Device
  
  
  • Through Hole
  
  
  
  


• Smartphone MLCC Market Regional Outlook
  
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa