DALLAS, TX / ACCESSWIRE / January 25, 2021 / According to a new market report by Lucintel, the future of the metal terminal MLCC market looks promising with opportunities in the automotive, industrial, military, and consumer electronics industries. The global metal terminal MLCC market is expected to decline in 2020 due to the global economic recession led by COVID-19. However, the market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 7% to 9% from 2019 to 2026. The major drivers for this market are growth in demand for electric vehicles (EV), increasing electronic content per vehicle, and growing demand for industrial and consumer electronic products.
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Metal terminal MLCCs are used in a wide range of industries due to its unique external metal terminal design that reduces problems associated with mounting larger size MLCCs, including acoustic noise production and cracks caused by flexing the PCB. Lucintel forecasts that automotive will remain the largest segment over the forecast period. Increasing demand for electric vehicle and electronic content per vehicle, which are collectively driving the metal terminal MLCC market.
Europe will remain the largest region and it is also expected to witness the highest growth over the forecast period due to increasing use of metal terminal MLCCs in EV for onboard charger and DC-DC converter applications.
Emerging trend, which has a direct impact on the dynamics of the industry, includes development of superior automotive grade MLCC with 5x stacks. Murata Manufacturing, TDK Corporation, KEMET, AVX Corporation, Knowles Electronics, are among the major metal terminal MLCC manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global metal terminal MLCC market by end use industry, and region. Lucintel has prepared a comprehensive research report titled "Growth Opportunities in the Global Metal Terminal MLCC Market 2020-2026: Trends, Forecast, and Opportunity Analysis." This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global metal terminal MLCC market by end use industry, and region as follows:
By End Use Industry [By value ($M) and volume (Million Units) shipment analysis for 2018 - 2026]:
- Automotive
- Onboard Charger
- DC-DC Converter
- Inverters
- Others
- Industrial
- Others
By Region [By value ($M) and volume (Million Units) shipment analysis for 2018 - 2026]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
This more than 93-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
CONTACT:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
Cell: 303.775.0751
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SOURCE: Lucintel