MLCC and Thick Film Chip Resistors Market was valued at USD 17.5 Billion in 2022 and is projected to reach USD 28 Billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
The MLCC (Multi-layer Ceramic Capacitor) and thick film chip resistors markets are essential components in the electronic component industry. These components are critical in a wide array of applications, from consumer electronics to industrial machinery. The market is characterized by steady growth driven by technological advancements and increasing demand for electronic devices globally. Both MLCCs and thick film chip resistors are employed in various applications, with distinct properties that suit the needs of these sectors. MLCCs, which are highly reliable and versatile, are often used in applications requiring high capacitance values in a compact form factor. Thick film chip resistors, known for their stability and high tolerance, find applications where precision is paramount.
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Consumer electronics is a major application segment for MLCCs and thick film chip resistors. These components are essential in devices such as smartphones, tablets, wearable tech, home appliances, and entertainment systems. In consumer electronics, MLCCs provide the necessary capacitance for signal filtering and energy storage, crucial for maintaining the functionality and longevity of devices. Thick film chip resistors, on the other hand, offer the precision needed for voltage regulation and heat management, which are critical for power-sensitive applications. As consumer electronics continue to evolve, with advancements like 5G technology and the Internet of Things (IoT), the demand for reliable and compact electronic components like MLCCs and thick film resistors is expected to increase significantly.The growth in the consumer electronics market is being fueled by rising disposable incomes and the increasing adoption of smart devices. MLCCs are increasingly being incorporated into new generation smartphones and wearable devices due to their small size, high reliability, and excellent performance in high-frequency applications. In addition, thick film chip resistors are finding increasing use in high-power applications within consumer products, where durability and heat resistance are paramount. The expanding trend toward miniaturization and multi-functional capabilities in consumer electronics is expected to continue driving growth in this sector.
In the automotive industry, both MLCCs and thick film chip resistors play a vital role in the operation and efficiency of modern vehicles. MLCCs are used in various automotive applications, including power management systems, infotainment systems, and safety systems. With the increasing complexity of vehicles, including electric vehicles (EVs), hybrid systems, and autonomous vehicles, the demand for small and efficient capacitors is rising. MLCCs offer high reliability, low profile, and superior temperature stability, making them ideal for automotive environments. Thick film chip resistors are used in power control circuits, engine control units (ECUs), and advanced driver-assistance systems (ADAS), where precision is crucial for the effective management of electrical signals and power.As automotive technology advances, especially with the rise of electric vehicles and automated driving systems, the demand for reliable and high-performance components like MLCCs and thick film chip resistors is expected to grow. The push toward electrification and sustainability in the automotive industry necessitates components that can withstand high temperatures, vibrations, and other harsh conditions typical of automotive environments. Additionally, the integration of more sophisticated electronic systems, such as electric power steering, infotainment, and communication systems, is expected to increase the use of both MLCCs and thick film resistors in future automotive designs.
The industrial machinery sector is another significant application area for MLCCs and thick film chip resistors. MLCCs are integral to various industrial control systems, including motor drives, sensors, and process controllers, providing stable electrical performance even in harsh conditions. The ability of MLCCs to operate at high voltages and frequencies makes them ideal for use in industrial automation, where high precision and reliability are crucial. Thick film chip resistors are commonly used in machinery to manage heat dissipation and maintain consistent electrical performance under load. These resistors are designed for robustness, enabling them to endure the extreme conditions often encountered in industrial settings, such as vibration, temperature fluctuations, and heavy currents.The industrial machinery sector is seeing a shift towards automation and smarter factory solutions, driven by Industry 4.0 technologies. As these systems become more complex and energy-efficient, the need for reliable and high-performance components like MLCCs and thick film resistors increases. These components are vital in ensuring that industrial machinery operates efficiently, with minimal downtime, and meets stringent performance standards. Additionally, as more industries adopt energy-efficient solutions, the demand for these electronic components in power management systems and energy control devices will continue to rise.
The defense sector is one of the key markets for MLCCs and thick film chip resistors due to the stringent requirements for high reliability and performance under extreme conditions. MLCCs are widely used in military and aerospace applications, where they are employed in communication systems, radar, navigation systems, and avionics. These capacitors must meet rigorous standards for durability and stability in environments characterized by extreme temperatures, vibrations, and electromagnetic interference (EMI). Thick film chip resistors are similarly crucial in defense applications, particularly in radar and missile guidance systems, where precision and reliability are non-negotiable. The resilience of thick film resistors to harsh conditions such as temperature extremes and high shock loads makes them ideal for use in military electronics.As global defense spending increases, the demand for advanced electronic systems in defense applications is also rising. With innovations in unmanned aerial vehicles (UAVs), satellites, and secure communication systems, the role of high-performance components like MLCCs and thick film chip resistors is expected to expand. Additionally, the growing emphasis on electronic warfare and cyber defense will further elevate the demand for robust and precise electronic components. The defense industry's need for continuous advancements in electronic systems, coupled with the focus on mission-critical performance, will drive the demand for these components well into the future.
The “Others” segment refers to a diverse range of applications for MLCCs and thick film chip resistors, encompassing industries such as medical devices, telecommunications, and renewable energy. MLCCs are utilized in medical equipment for power filtering, energy storage, and signal processing, where reliability and miniaturization are essential. Thick film chip resistors find applications in power regulation and signal processing circuits in telecommunications equipment, where precision and durability are key. Moreover, with the growing shift toward renewable energy sources, MLCCs and thick film resistors are being employed in energy conversion and storage systems, contributing to more efficient power systems.The “Others” market also includes applications in emerging technologies such as artificial intelligence (AI) and smart grids. As industries continue to innovate, the demand for high-performance, reliable components will increase across a wide variety of sectors. The growing need for miniaturization, improved energy efficiency, and enhanced performance in new technologies ensures that MLCCs and thick film resistors will remain critical components in these evolving markets.
Several key trends are shaping the MLCC and thick film chip resistor market. One prominent trend is the miniaturization of electronic components, driven by consumer demand for smaller, more powerful devices. As the trend toward more compact electronics continues, MLCCs, known for their small form factor and high capacitance, are becoming increasingly essential in both consumer and industrial applications. Another key trend is the rise of electric vehicles (EVs) and their associated power management systems. MLCCs and thick film chip resistors are playing an essential role in supporting the advanced electronic systems in EVs, including battery management systems (BMS) and power control units (PCUs).Furthermore, as industries strive for greater energy efficiency, the demand for components that can withstand high voltages and temperatures without compromising performance is rising. This has led to the increasing adoption of MLCCs and thick film resistors in power control, renewable energy, and industrial automation applications. Another trend is the ongoing development of next-generation technologies such as 5G, AI, and IoT, which require high-performance electronic components. The demand for reliable, efficient, and durable components like MLCCs and thick film chip resistors is expected to grow significantly as these technologies continue to evolve.
The MLCC and thick film chip resistor market is poised for significant growth due to several emerging opportunities. The increasing adoption of electric vehicles presents a major opportunity, as EVs require high-quality electronic components for efficient power management. MLCCs and thick film chip resistors are integral to electric vehicle systems such as inverters, motor drives, and battery management units. Additionally, the push toward renewable energy is creating opportunities for these components in energy storage and conversion systems, as MLCCs provide reliable performance for filtering and energy storage.Another promising opportunity is the growth of the Internet of Things (IoT) and smart devices. With the proliferation of IoT applications, the need for small, reliable, and efficient electronic components is growing rapidly. MLCCs and thick film resistors are ideal for use in IoT devices due to their compact size and reliable performance. Additionally, as industries move toward automation, the demand for precision and high-performance components in industrial machinery and robotics continues to increase, creating further growth opportunities for MLCCs and thick film chip resistors.
1. What are MLCCs used for?
MLCCs are used for filtering, energy storage, and signal processing in a wide variety of applications, from consumer electronics to automotive systems.
2. What is a thick film chip resistor?
A thick film chip resistor is a type of resistor made by printing a resist
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Murata Manufacturing
AVX
Panasonic
TDK
ROHM
KEMET
KOA
Samsung Electro-Mechanics
Taiyo Yuden
Samwha
Vishay
Nippon Chemi-Con
Viking Tech
Yageo Corporation
Walsin Technology
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global MLCC and Thick Film Chip Resistors Market
Consumer Electronics
Automotive
Industrial Machinery
Defence
Others
Based on Types the Market is categorized into Below types that held the largest MLCC and Thick Film Chip Resistors market share In 2023.
MLCC
Thick Film Chip Resistors
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global MLCC and Thick Film Chip Resistors Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global MLCC and Thick Film Chip Resistors Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global MLCC and Thick Film Chip Resistors Market, By Type
6. Global MLCC and Thick Film Chip Resistors Market, By Application
7. Global MLCC and Thick Film Chip Resistors Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global MLCC and Thick Film Chip Resistors Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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