The multi-layer ceramic capacitor industry generates $12.2 billion revenue in 2021, and it is projected to garner $34.6 billion revenue in 2030, advancing at a rate of 12.3% in the coming future.

General capacitors are massively used capacitors, with their availability in a wide range of sizes and capacitances propelling the industry. Thus, they capture an extensive share of the industry, and it is projected to reflect rapid growth, accounting for 12.3% in the near future. 

Moreover, it is led by the rising requirement for general capacitors in various applications, such as cellular cell phones, memory modules, DC-DC converters, televisions, and LCDs.

In addition, the universal capacitors reduce noise from electronic circuits, and their small size facilitates the ease of installation of the electronic equipment.

The automotive category generates significant industry revenue, accounting for $4.8 billion revenue, and it is projected to rise at a 12.4% rate in the near future. The major factors that fuel the industry growth are rising EV adoption, government regulations mandating ADAS systems, and increasing smart technologies implementation in automotive manufacturing.

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In addition, the X5R category is predicted to experience rapid growth in the near future, accounting for 14.2%. It is led by the rising popularity of mobile devices, such as portable gadgets, wearables, automobile-mounted electronics, smartphones, and gaming machines that fuel the demand for X5R MLCCs.

APAC dominates the industry, accounting for $5.1 billion. The regional industry is projected to retain its dominance in the near future, accounting for 13.0% growth. It is led by surging renewable energy products and MLCC-based electronic components usage. It is led by growing MLCCs demand from end-use sectors, which results in enhanced capacitance levels and capacitors’ shrinking.

Therefore, the rising usage of capacitors in EVs fuels the multi-layer ceramic industry's growth.