New York, Jan. 15, 2024 (GLOBE NEWSWIRE) — Multilayer Ceramic Capacitors (MLCCs) are essential electronic components widely used for energy storage in electronic circuits. They find applications in consumer electronics, automotive, telecommunications, medical devices, and industrial equipment. The global MLCC market is currently valued at US$ 13.5 billion. With a compound annual growth rate (CAGR) of 12.8%, the market is anticipated to reach US$ 45.0 billion by 2022–2032. The surge in the adoption of electronic devices, the miniaturization of components, and the evolution of 5G technology are key factors propelling market expansion.
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