Every shortage situation in the electronic components market makes players – from OEMs to distributors – feel a pinch, but even more so when the scarce parts are vital. Multilayer ceramic capacitors (MLCCs) play a major role in many of our everyday electronic devices – often making up around 30% of the total components count and carrying the brunt of the device workload.
The evolving needs of the auto, mobile, and industrial electronics industries have swiftly driven market demands, contributing to a shift in production focus from general-purpose MLCC products to MLCCs that are tailored to fit the needs of special applications. This shift has played a key role in the ongoing severe market shortage. Furthermore, the global MLCC capacitor market is only expected to grow, with a projected 5-year increase of around US$1.1 billion at a compound annual growth rate of 4.02%.
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