The global multilayer ceramic capacitor (MLCC) market is expected to grow at a compound annual growth rate (CAGR) of 22.2% from 2010-2014, according to “Global Multilayer Ceramic Capacitor Market 2010-2014,” a new report from Research and Markets. A key factor contributing to this market growth is the increasing demand for MLCCs in the electronics industry. The global MLCC market has also been seeing a continuous decline of MLCC prices. However, the inherent drawbacks of ceramic could pose a challenge to the growth of this market.

The Asia-Pacific region has become the key manufacturing ground for electronic device manufacturers, according to an analyst from TechNavio’s Hardware team. The continuous demand for MLCCs in the Asia-Pacific has led to the emergence of manufacturers from Asian countries such as Taiwan, South Korea, and China. Manufacturers from these countries are increasing their production with the support of improved technologies for the production of MLCCs. Moreover, these companies offer MLCCs at a relatively lower cost than companies from other countries.

According to the report, the demand for MLCCs is increasing in the electronics industry, due to the continuous increase in the requirement for high-specification electronic gadgets. Manufacturers of high-end electronic equipment and devices have increased the use of MLCCs per electronic device. In addition, the report also discusses some inherent drawbacks with ceramic. MLCCs have ceramic as the dielectric material, which is prone to physical damage such as getting cracked. Unless the MLCCs are handled with utmost care, the lifetime of MLCCs will shorten.

For more information or to access the report, visit www.researchandmarkets.com/research/b7359d/global_multilayer.