Connect with us

Technology

Automotive MLCCs Market to Grow by USD 1.84 Billion (2024-2028) as EV Adoption Increases Globally; AI-Redefined Market Landscape Report – Technavio

Published

on

NEW YORK, Nov. 1, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global automotive MLCCs market  size is estimated to grow by USD 1.84 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  10.5%  during the forecast period. Increasing adoption of EVS globally is driving market growth, with a trend towards introduction of new MLCC products by vendors. However, rising competition from alternative technologies  poses a challenge.Key market players include Bourns Inc., Fenghua HK Electronics Ltd, HEICO Corp., Holy Stone Enterprise Co. Ltd., Johanson Dielectrics Inc., Knowles Corp., KOA Speer Electronics Inc., KYOCERA AVX Components Corp., MARUWA CO. LTD., Murata Manufacturing Co. Ltd., NIC COMPONENTS CORP., Nippon Chemi-Con Corp., Panasonic Holdings Corp., Samsung Electro-Mechanics, Shenzhen Eyang Technology Development Co. Ltd., TAIYO YUDEN Co. Ltd., TDK Corp., Vishay Intertechnology Inc., Walsin Technologies Corp., and Yageo Corp..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Class 2 MLCCs and Class 1 MLCCs), Application (Power electronics, Infotainment systems, Advanced driver-assistance systems, Lighting systems, and Others), and Geography (APAC, Europe, North America, Middle East and Africa, and South America)

Region Covered

APAC, Europe, North America, Middle East and Africa, and South America

Key companies profiled

Bourns Inc., Fenghua HK Electronics Ltd, HEICO Corp., Holy Stone Enterprise Co. Ltd., Johanson Dielectrics Inc., Knowles Corp., KOA Speer Electronics Inc., KYOCERA AVX Components Corp., MARUWA CO. LTD., Murata Manufacturing Co. Ltd., NIC COMPONENTS CORP., Nippon Chemi-Con Corp., Panasonic Holdings Corp., Samsung Electro-Mechanics, Shenzhen Eyang Technology Development Co. Ltd., TAIYO YUDEN Co. Ltd., TDK Corp., Vishay Intertechnology Inc., Walsin Technologies Corp., and Yageo Corp.

Key Market Trends Fueling Growth

The global automotive MLCCs market is experiencing a notable trend as vendors, including Murata Manufacturing Co., Ltd. And TDK Corporation, introduce new products to meet the demand for compact and high-performance electronic components. On September 19, 2024, Murata, led by President Norio Nakajima, unveiled the world’s smallest MLCC, measuring 0.16 mm x 0.08 mm (006003-inch size), reducing volume by 75% compared to the previous smallest MLCC (0.25 mm x 0.125 mm, 008004-inch size). This ultra-compact MLCC addresses the need for high-density component mounting solutions, particularly in advanced smartphones. On September 12, 2023, TDK Corporation expanded its CN series of MLCCs with advanced low-resistance soft termination types. These MLCCs feature a unique design where resin layers cover only the board mounting side, reducing electrical resistance. TDK’s new lineup includes automotive grade (AEC-Q200 compliant) and commercial grade MLCCs, offering capacitances up to 22 microfarads in 3216 size and 47 microfarads in 3225 size. These capacitors cater to the demand for high-reliability, large-capacitance applications. Vendors’ commitment to innovation and addressing the evolving needs of the automotive sector is underscored by these new product launches. As electronic devices become more compact and sophisticated, the demand for advanced MLCCs that offer high performance, reliability, and miniaturization continues to grow, driving advancements in the global automotive MLCCs market. 

The Automotive MLCCs market is experiencing significant growth due to trends in automation and connectivity, high voltages, and energy storage. MLCCs are essential electronic components used in automotive applications such as circuitry for engine control modules (ECMs) and electric vehicle (EV) power distribution. With the rise of electric vehicles (EVs) and fuel cell electric vehicles (FCEVs), high voltage batteries require MLCCs with high temperature resistance, leakage proof, and low equivalent series resistance. MLCCs also play a crucial role in 5G telecommunications, DC converters, and noise suppression in ECUs and ECMs. The compact designs and energy-efficient features of MLCCs make them ideal for smart mobility solutions, hydrogen stations, and renewable energy applications. However, chip shortages may impact production, and autonomous vehicles will increase the demand for MLCCs in various applications. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

The automotive MLCCs market experiences intense competition from alternative capacitor technologies, including polymer, tantalum, aluminum electrolytic, and film capacitors. Among these, polymer capacitors are gaining popularity due to their superior performance in automotive applications. They offer lower equivalent series resistance (ESR) and enhanced stability, ensuring high reliability and performance. These advantages make polymer capacitors an ideal choice for aerospace, medical, and commercial sectors, where compact form factors and efficient power management solutions are essential. Additionally, polymer capacitors’ superior voltage smoothing capabilities in DC-DC converters and stable voltage rails make them preferred in high-speed applications. Their superior performance and reliability compared to electrolytic capacitors further solidify their role in advanced electronic systems. This increasing preference for polymer capacitors poses a significant challenge to the global automotive MLCCs market, requiring continuous innovation to maintain competitiveness.The Automotive MLCC market is experiencing significant growth due to the increasing demand for electric and hybrid vehicles. However, challenges persist in reducing carbon emissions and managing battery systems effectively. High voltage MLCCs are essential for battery management systems, onboard chargers, and inverters in BEVs, HEVs, and PHEVs. The charging infrastructure, including publicly accessible chargers and fast chargers, also relies on MLCCs for efficient power conversion. On-board electrical circuits, including AC and DC converters, BMS circuits, and onboard chargers, require high-reliability MLCCs with metallic electrodes and dielectric ceramic. The integration of consumer electronics, infotainment systems, self-driving cars, ADAS, IoT, AI, and cloud integration in vehicles further increases the demand for compact capacitors made of palladium and nickel. Engines and powertrains also utilize MLCCs in control circuits, making them an indispensable component in the automotive industry. The use of MLCCs in capacitor technology for subsystem electronics enhances the overall performance and efficiency of vehicles. Despite these benefits, the challenges of component integration and cost remain key considerations for the automotive MLCC market.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This automotive mlccs market report extensively covers market segmentation by

Type 1.1 Class 2 MLCCs1.2 Class 1 MLCCsApplication 2.1 Power electronics2.2 Infotainment systems2.3 Advanced driver-assistance systems2.4 Lighting systems2.5 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Class 2 MLCCs-  Class 2 MLCCs play a vital role in the automotive industry due to their high capacitance density and compact size. These capacitors, utilizing dielectric materials like X7R and Y5V, offer higher capacitance values compared to Class 1 capacitors, making them suitable for applications where space is limited and high capacitance is necessary. Extensively used in automotive electronic systems, Class 2 MLCCs are essential for power management circuits, filtering applications, and Advanced Driver Assistance Systems (ADAS). Yageo Corporation’s X5R series of Class II MLCCs are designed for general-purpose applications, capable of operating at temperatures up to 85 degrees Celsius. These capacitors are known for their high reliability, lack of polarity issues, and RoHS-compliance, making them suitable for a wide range of applications, including servo motor control, programmable logic controllers (PLC), automation equipment, and safety devices. YAGEO has expanded its automotive-grade MLCC offerings to include Class II X7R capacitors with a rated voltage of 1000 volts. These capacitors, available in case sizes starting at 1206 and capacitances up to 1 nF, cater to the growing demand for high-power battery systems. The advancements in these capacitors enable improved power output, leading to shorter battery charging times and extended driving ranges. Additionally, they allow for thinner and lighter charging lines for motors, significantly enhancing the efficiency of electric vehicle power systems. In conclusion, the growing use of Class 2 MLCCs will continue to drive the growth of the automotive MLCC market during the forecast period. These capacitors’ high capacitance density, compact size, and reliability make them an essential component in the automotive industry’s shift towards more efficient and compact electronic solutions.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

Multi-Layer Ceramic Capacitors (MLCCs) are essential electronic components in the automotive industry, providing power distribution, noise suppression, signal conditioning, and voltage regulation in various applications. Compact designs and energy-efficient features make MLCCs ideal for use in electric vehicles (EVs) and hybrid vehicles, where they support on-board electrical circuits, high voltage MLCCs for the onboard inverter, AC and DC converters, BMS circuits, onboard chargers, and battery electric vehicles (BEV) and battery management systems. MLCCs are also used in consumer electronics, telecommunications, 5G, IoT, and electronic control units (ECU), featuring metallic electrodes and dielectric ceramic materials that can handle high voltages and circuitry in energy storage systems.

Market Research Overview

The Automotive Multi-Layer Ceramic Capacitors (MLCCs) market is a significant segment of the electronic components industry, focusing on power distribution, noise suppression, signal conditioning, and voltage regulation in automotive applications. Compact designs and energy-efficient solutions are essential in this market, as they cater to the growing demand for smart mobility solutions, including Electric Vehicles (EVs), Fuel Cell Electric Vehicles (FCEVs), and Hydrogen stations. MLCCs play a crucial role in battery management systems, onboard chargers, and charging infrastructure, reducing greenhouse gas emissions and improving overall efficiency. MLCCs are also integral to the onboard electrical circuits of Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), and Plug-in Hybrid Electric Vehicles (PHEVs), as they help manage high voltages and provide reliable capacitance in various subsystems, such as onboard inverters, AC and DC converters, and BMS circuits. MLCCs with metallic electrodes and dielectric ceramics are preferred due to their high reliability and ability to withstand high temperatures. As the automotive industry evolves, MLCCs continue to play a vital role in advanced technologies like self-driving cars, ADAS, IoT, AI, and 5G, enabling automation and connectivity in onboard electronics, engines, powertrains, infotainment systems, and engine control modules (ECMs/ECUs). With the increasing focus on energy storage and reducing carbon emissions, the demand for high-performance MLCCs is expected to grow significantly in the coming years. However, challenges such as chip shortages and the need for leakage-proof and high-voltage MLCCs must be addressed to ensure continued growth in this market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeClass 2 MLCCsClass 1 MLCCsApplicationPower ElectronicsInfotainment SystemsAdvanced Driver-assistance SystemsLighting SystemsOthersGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/automotive-mlccs-market-to-grow-by-usd-1-84-billion-2024-2028-as-ev-adoption-increases-globally-ai-redefined-market-landscape-report—technavio-302291144.html

SOURCE Technavio

Continue Reading

Technology

Hexaware Hosts Greater Manchester and West Yorkshire Mayoral Delegation, Deepens Partnership with University of Leeds

Published

on

By

Part of the Great North Mayoral Delegation’s visit to India, discussions focused on Hexaware’s UK expansion and planned R&D centers in Leeds and Manchester

MUMBAI, India, Oct. 23, 2026 /PRNewswire/ — Hexaware Technologies (NSE: HEXT), an AI-first digital and IT services company, hosted a delegation led by Tracy Brabin, Mayor of West Yorkshire, and Bev Craig, Mayor of Greater Manchester, as part of The Great North’s first joint mayoral-led trade mission to India

Hexaware met with Tracy Brabin and delegates from West Yorkshire at its Mumbai office to discuss the company’s UK investment plans, regional employment, and opportunities for technology collaboration across the North of England.

During the visit, Hexaware and the University of Leeds discussed their agreement to strengthen industry–academic collaboration through research, knowledge sharing, and experiential learning opportunities for students.

Earlier in the mission, on October 14 in Bengaluru, Hexaware leaders met Bev Craig, Mayor of Greater Manchester, together with representatives of the British Deputy High Commission and the Invest Manchester team, to discuss Hexaware’s investment in the city region.

Hexaware announced that it will create hundreds of jobs and invest £9 million in a new Design and Innovation Centre at Manchester’s innovation district, SISTER, delivered in collaboration with the University of Manchester. By establishing a base at SISTER, Hexaware will have access to Europe’s largest clinical academic campus on Manchester’s Oxford Road Corridor and a rapidly expanding digital and tech ecosystem within the city.

The visits follow Hexaware’s June 2026 announcement of a £25 million UK expansion, expected to create approximately 1,200 jobs over three to five years across Manchester, Leeds, and Birmingham, including 420 in Manchester and 240 in Leeds. Plans include proposed R&D centers in Manchester and Leeds, with Newcastle also under consideration as a potential future location, given the region’s strong university talent pool and proximity to Scotland.

Parameshwaran Iyer, Executive Vice President & Head – Europe, Hexaware, said, “The North of England is an important part of our UK growth plans. Our investment goes into developing technology capabilities and recruiting graduates from the region’s universities, training them to work with enterprise and public-sector customers. Our new agreement with the University of Leeds will strengthen this pipeline, giving us closer access to graduate talent as we grow our presence in the region. We see considerable potential in the talent and expertise available across these cities.”

Bev Craig, Mayor of Greater Manchester, said, “Greater Manchester has established strengths in healthcare, life sciences, and AI, supported by close cooperation between universities, researchers, and industry. We welcome Hexaware’s plans for Manchester and the opportunities they present for investment, innovation, and employment in these sectors.”

Tracy Brabin, Mayor of West Yorkshire, said, “It was great to visit Hexaware’s headquarters in Mumbai and hear first-hand about the company’s ambitious plans for growth in the UK. Their investment in Leeds and the creation of hundreds of new jobs is fantastic news for West Yorkshire and a strong vote of confidence in our region. Trade missions like this give us the opportunity to meet decision-makers directly, strengthen international relationships and explore how businesses like Hexaware can deepen their links with West Yorkshire to create a stronger, better-off region that works for all.” 

Glenn McCauley, Head of Proposition Development at the University of Leeds, said, “We were delighted to join this Great North Mayoral Delegation to India and to discuss with Hexaware leadership and with the Mayor of West Yorkshire how the University of Leeds’ agreement with Hexaware can be a catalyst to drive economic growth in our region.”

India and the North of England are connected above all through people, with more than 81,000 people of Indian heritage living in Yorkshire and the Humber, and 50,000 people of Indian diaspora in Greater Manchester. Thousands of Indian students also choose universities in the two regions every year. Increasingly, Indian companies are also among the region’s investors and employers. The India–UK Comprehensive Economic and Trade Agreement (CETA), in force since July 2026, alongside The Great North’s investment initiatives, gives that relationship fresh momentum.

Hexaware will continue discussions with regional partners on its proposed R&D facilities, graduate recruitment, and technology partnerships across the North of England, drawing on Leeds’ strengths in digital engineering, data science, robotics, fintech, and technology-enabled care, and Manchester’s strengths in healthcare, life sciences, cyber, and AI.

About Hexaware

Hexaware is a global technology and business process services company. Every day, Hexawarians wake up with a singular purpose: to create smiles through great people and technology. With offices across the world, we empower enterprises worldwide to realize digital transformation at scale and speed by partnering with them to build, transform, run, and optimize their technology and business processes. Learn more about Hexaware at https://hexaware.com.

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/hexaware-hosts-greater-manchester-and-west-yorkshire-mayoral-delegation-deepens-partnership-with-university-of-leeds-302917888.html

Continue Reading

Technology

Fosun Wealth Opens Its First Private Wealth Center in Hong Kong at Harbour City, Tsim Sha Tsui

Published

on

By

Appointment-Only Center for High-Net-Worth Clients, Partnering with Fosun Wealth IFA to Expand Wealth Management Capabilities

HONG KONG, Oct. 23, 2026 /PRNewswire/ — Fosun Wealth International Holdings Limited (“Fosun Wealth”) announced the official opening of its first Private Wealth Center on the 23rd floor of Prudential Tower, at The Gateway, Harbour City, Tsim Sha Tsui, Hong Kong. The center provides a dedicated offline space for meetings and wealth planning in Hong Kong, exclusively tailored for high-net-worth clients. Visits are by appointment only, and the center operates in partnership with Fosun Wealth IFA (Independent Financial Advisor), supporting clients from initial discussions and tailored proposals through to signing and implementation.

The opening ceremony, themed “A Starry New Chapter on Victoria Harbour”, brought together business partners from fund, asset management and insurance industries in Hong Kong to celebrate the occasion.

Expanding amid Industry Growth to Address Clients’ Demand for Long-Term Advice

The opening comes as Hong Kong’s wealth management sector continues to expand. According to the Securities and Futures Commission of Hong Kong, as of the end of 2025, total assets under management (AUM) in Hong Kong jumped 20% year-on-year (YoY) to a record high of HK$42.2 trillion. Among the major segments, AUM of private banking and private wealth management business increased by an impressive 24% YoY to HK$12.9 trillion. At the same time, client expectations have shifted. High-net-worth individuals are increasingly looking beyond fragmented, one-off product recommendations and seeking professional institutions that can deliver cross-market and multi-generational support over the long term.

The center’s location in Harbour City offers views across Victoria Harbour and a calm, private setting. It features four dedicated meeting rooms, with each client received by a relationship manager throughout their visit to allow for in-depth discussions in a confidential environment. In addition to client meetings and document signing, the center will also host smaller, focused sessions to help clients better capture opportunities in Hong Kong’s wealth management market.

Strengthening Collaboration with Fosun Wealth IFA to Enrich Service Matrix

The Private Wealth Center will also serve as a working base for Fosun Wealth IFA, supporting professional discussions and the review of more complex cases. Launched by Fosun Wealth in 2025, Fosun Wealth IFA is Hong Kong’s first one-stop platform for independent financial advisors (IFAs) to establish and grow their practices. It has already built a team of nearly 500 advisors. Built on a compliant licensing framework, the platform integrates diversified financial products, AI-powered tools and structured trainings, supporting advisors from licensing through ongoing professional development to independent practice. The goal is to help raise standards and professionalism across Hong Kong IFA industry.

Fosun Wealth subsidiaries hold securities and insurance brokerage licenses. Under strict compliance, they provide access to insurance, securities, asset management, and corporate financing services. Fosun Wealth has also established partnerships with numerous leading fund houses, asset managers, and insurers, supporting both the Private Wealth Center and the IFA platform.

Cheng Kang, CEO of Fosun Wealth, said: “Hong Kong continues to strengthen its position as an international hub for asset and wealth management, supported by its resilience and openness. This creates a valuable opportunity for us to deepen our presence in the local market. The opening of the Private Wealth Center is more than the launch of a new location—it marks a new chapter in Fosun Wealth’s commitment to serving high-net-worth clients in Hong Kong with a more personal, long-term approach, bringing our ‘warm private wealth stewardship’ to a broader client base. Whether we are serving high-net-worth clients or building a stronger ecosystem for financial advisers, we aim to set a high standard in Hong Kong’s wealth management industry. We will focus on turning our capabilities into lasting value for clients, and work with clients and partners to support the continued growth of the sector.”

About Fosun Wealth International Holdings Limited

Fosun Wealth International Holdings Limited (hereinafter referred to as “Fosun Wealth”) is an AI-driven global one-stop Web5(Web2+Web3) wealth management platform wholly owned by Fosun International Limited (stock code: 656.HK) in Hong Kong. With its solid financial position, Fosun Wealth has obtained various licenses via its subsidiaries, including Type 1, 2, 4, 6, and 9 licenses granted by the Securities and Futures Commission(SFC) of Hong Kong, and an insurance broker license granted by the Insurance Authority(IA) of Hong Kong. Fosun International Securities Limited, a subsidiary of Fosun Wealth, is one of the first batch of brokerages to provide virtual asset dealing service. Fosun Wealth has launched several industry-leading brands, including the Fosun Wealth App, Finloop, FinChain, and Fosun Wealth IFA. For more information, please visit: www.fosunwealth.com.

View original content:https://www.prnewswire.com/apac/news-releases/fosun-wealth-opens-its-first-private-wealth-center-in-hong-kong-at-harbour-city-tsim-sha-tsui-302917889.html

SOURCE Fosun Wealth International Holdings Limited

Continue Reading

Technology

WOLFX Student Super App Reaches 104 Universities One Month After US Launch

Published

on

By

All-in-one college platform reports 300 percent subscription growth following Arizona campaign 

MELBOURNE, Australia, Oct. 23, 2026 /PRNewswire/ — WOLFX, an all-in-one app designed to help college students thrive academically, socially and financially, has been downloaded by students at 104 universities in 130 cities across the US just one month after its launch in Indiana.

The platform recorded a 300 percent increase in subscriptions following its Rush WOLFX campaign in Arizona. Rush WOLFX is a game of skill that involves college fraternities and sororities putting their business skills to the test to win a $10K prize. 

WOLFX plans to hold six additional Rush competitions at Universities across the country next month.

WOLFX brings together AI-powered study tools, wellness support, a student marketplace and opportunities for student entrepreneurs in a single app, giving students who juggle academic, social and financial pressures one place to manage college life.

“I developed WOLFX to make the lives of college kids better. To see the app being so well received across America gives everyone involved a huge boost,” said Simon Bishop, founder of WOLFX. “As a father, I know college can be a daunting time for students and parents. WOLFX is aimed at easing those fears of loneliness and isolation. I’m so happy WOLFX is making a difference.”

Students say the app is already part of their daily routine.

“This is honestly the only college app you’ll ever need,” said Katie Wolf, a cheerleader at Indiana University. “Whether it’s managing my schedule, working on a business idea or even selling some items on the student marketplace, WOLFX has me covered. This app is a game changer for college students.”

WOLFX Platinum is available for $28.99 per month. WOLFX can be downloaded on iOS and Android.

About WOLFX

WOLFX is a student-focused super app designed to help college students navigate campus life through AI-powered study tools, wellness support, a student marketplace and entrepreneurial opportunities. The platform aims to make college life more connected, manageable and rewarding. WOLFX is available on iOS and Android. Learn more at https://wolfxapp.com/.

View original content to download multimedia:https://www.prnewswire.com/news-releases/wolfx-student-super-app-reaches-104-universities-one-month-after-us-launch-302917619.html

SOURCE WOLFX

Continue Reading

Trending