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

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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..

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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. 

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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.

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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.

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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/

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SOURCE Technavio

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Celebrate 40 Years of the UAE and China’s Diplomatic Relations at the Upcoming ‘Building bridges for the future UAE & China’ Event in Abu Dhabi

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Taking place on Abu Dhabi’s Corniche from November 1st to 3rd, ‘Building bridges for the future UAE & China‘ will host a series of interactive workshops, live performances, cultural displays, and culinary experiences

ABU DHABI, UAE, Nov. 2, 2024 /PRNewswire/ — The distinguished “Building Bridges for the Future: UAE-China” event, reflecting the spirit of unity and collaboration between the UAE and China, will be held in cooperation with the Department of Culture and Tourism – Abu Dhabi. Taking place over three days, from November 1 to 3, on Abu Dhabi’s picturesque Corniche, this landmark event commemorates 40 years of enduring partnership between the United Arab Emirates and the People’s Republic of China.

The event’s theme, “Reflecting on The Past, Present, and Future,” pays tribute to the deep-rooted ties, milestones, and collaborative spirit that have defined the UAE-China relationship since 1984. The UAE currently maintains two diplomatic representative offices in China, in Beijing and Shanghai, and this strong bond has continued to develop over the past number of years, with Sheikh Mohammed Bin Zayed visiting China in June of this year.

What to Expect

Visitors to the Corniche will instantly be immersed in a rich tapestry of Emirati and Chinese culture, with interactive workshops that invite attendees to explore traditional crafts from both nations. Through hands-on activities like calligraphy, fan painting, and basket weaving, guests can experience the artistry that has been passed down through generations, celebrating the shared values of craftsmanship and heritage.

Visitors can enjoy the soulful notes of traditional Emirati Oud music and the dynamic moves of the Tai Chi, and Kung Fu, with each display honouring the distinct cultural essence of its origin.

Artisan stalls situated along the Corniche will display handcrafted goods from Emirati and Chinese artists, providing an intimate view into each nation’s cultural richness. Adding to the vibrant atmosphere, a roaming Dragon Dance and Al-Ayyala performers will weave through the crowds, filling Abu Dhabi’s Corniche with the colours, sounds, and spirit of celebration, embodying the unity at the heart of the UAE-China partnership.

Join the Celebration

When: November 1st to 3rd
Timings: from 4:00 PM to 11:00 PM for all days
Where: Abu Dhabi’s Corniche
Buy tickets online here: https://abu-dhabi.platinumlist.net/event-tickets/95487/building-bridges-for-the-future

View original content:https://www.prnewswire.com/apac/news-releases/celebrate-40-years-of-the-uae-and-chinas-diplomatic-relations-at-the-upcoming-building-bridges-for-the-future-uae–china-event-in-abu-dhabi-302294556.html

SOURCE Department of Culture and Tourism – Abu Dhabi

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URGENT CALL TO BIDEN ADMINISTRATION TO FUND ALTERNATIVES TO BURN PITS

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Billions going to help VETS with medical conditions caused by toxic exposure, but not enough being done to prevent the current and next generation from falling to same

BATAVIA, N.Y., Nov. 1, 2024 /PRNewswire/ — Eco Waste Solutions™  (EWS), a leader in deployable waste management technology, calls on the Biden administration to ensure military service members never again face the health risks associated with toxic burn pits. Eco Waste Solutions has developed the Expeditionary Solid Waste Disposal System (ESWDS) specifically for military use, offering a proven alternative to open burn pits.

Though the Army has invested heavily in ESWDS testing and has contracted EWS to supply units for safe waste disposal in combat zones, funding limitations jeopardize the future production of this critical equipment. Since 2021, only ten of the planned 236 units have been procured, with the production line set to close by June 2025 without further investment.

“A modest $9 million increase in the Army’s budget could ensure ongoing ESWDS availability and prevent a return to harmful burn pits in future conflicts and act as a bridge until the defense department can budget for the program,” says Jean Lucas, President and CEO of Eco Waste Solutions. “The effects of burn pits are well-documented and devastating, and we have a ready, deployable solution. This investment would safeguard troop health and sustain a skilled workforce in Batavia, New York.”

With bipartisan support, including the PACT Act’s acknowledgment of burn pit health impacts, Eco Waste Solutions is committed to ending the use of open burn pits in the military once and for all. By fully funding the ESWDS, the administration can honor this commitment and ensure long-term health protection for our troops.

For more information, visit ecosolutions.com.

About Eco Waste Solutions:
Since 1993, Eco Waste Solutions™ has been delivering thermal waste conversion solutions to companies, communities, governments and military organizations around the world. From world-leading products, to specialized engineering and technical services, we help thermal waste conversion projects thrive. Our environmental technologies have diverted millions of tons of garbage from landfills, while recovering valuable materials, and generating over half a million megawatts of energy, while protecting the public from infectious disease, and other hazards. The company has operations in Burlington, Ontario and Batavia, New York.
www.ecosolutions.com 

View original content:https://www.prnewswire.com/news-releases/urgent-call-to-biden-administration-to-fund-alternatives-to-burn-pits-302294572.html

SOURCE Eco Waste Solutions

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LITE ACCESS AMENDS CONVERTIBLE DEBENTURE MATURITY DATE AND EXTENDS EXCLUSIVITY WITH IRONMAN DIRECTIONAL DRILLING

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VANCOUVER, BC, Nov. 1, 2024 /CNW/ – LITE ACCESS TECHNOLOGIES INC. (“Lite Access”) (TSXV: LTE) (OTC: LTCCF), a world leader in the fibre optic products and advanced installation methodologies, announces it will extend the maturity date of previously issued convertible debentures in the principal amount of $500,000 (the “Debentures”) from November 22, 2024 to November 22, 2026 (the “New Maturity Date”).  The New Maturity Date has been approved by all of the holders of the Debentures.

The principal amount of the Debentures will continue to bear interest at a rate of 12% per annum and be convertible at a conversion price of $0.10 per share (see news release dated November 22, 2022).  Other than the New Maturity Date, no other terms of the Debentures were amended.

The New Maturity Date is subject to acceptance of the Exchange.

Update on Ironman Transaction

The Company also announces that the Company and Ironman have agreed to further extend the exclusivity period until December 31, 2024, in relation to its proposed acquisition of Ironman and its wholly-owned subsidiary, Ironman Direction Drilling Ltd., an experienced provider of directional drilling (the “Transaction”), which was previously announced in the news release dated May 5, 2023.  Ironman is currently finalizing the audit of its financial statements and the parties intend to enter into the definitive agreement in November 2024.

The completion of the Transaction is subject to a number of key conditions including entry into a definitive agreement between Lite Access and Ironman, completion of due diligence of the parties, shareholder approval, TSX Venture Exchange (the “Exchange”) final approval and other conditions customary for this type of Transaction. The Company will issue a subsequent news release upon entry into a definitive share purchase agreement with Ironman.

About Lite Access

Lite Access Technologies Inc. is a world leader in the use of innovative and proven micro/narrow trenching technologies, alternate methods of deployment and specialist products which transform the cost the network deployment for telecommunications operators.

As part of its suite of services Lite Access provides clients with integrated solutions or select components for the design and implementation of fibre optic networks.  Lite Access’ products have been deployed in many high-profile communication networks including Olympic facilities, military and government, numerous communities throughout the United Kingdom, the USA and Canada as well as global telecommunications companies that have adopted Lite Access as the “solution of choice” for the least invasive, most cost effective and future-proof fibre optic connectivity available.

Lite Access’ installation technology and proprietary products extend a network provider’s ability to deliver true broadband connectivity directly to end-users, such as homes, businesses, government and educational institutions, and emergency response facilities. Lite Access remains flexible and innovative in its commitment to provide global clients and partners with the most cost effective and proven fibre connectivity solutions available.

Forward Looking Information

This news release contains statements that, to the extent they are not recitations of historical fact, may constitute “forward-looking statements” within the meaning of applicable Canadian securities laws. Lite Access uses words such as “may”, “would”, “could”, “will”, “likely”, “expect”, “believe”, “intend” and similar expressions to identify forward-looking statements. Any such forward-looking statements are based on assumptions and analyses made by Lite Access in light of its experience and its perception of historical trends, current conditions and expected future developments. However, whether actual results and developments will conform to Lite Access’ expectations and predictions is subject to any number of risks, assumptions and uncertainties.  Many factors could cause Lite Access’ actual results to differ materially from those expressed or implied by the forward-looking statements contained in this news release. Such factors include, among other things: risks and uncertainties described in Lite Access’s most recent Management Discussion & Analysis (MD&A) for the financial year ended September 30, 2023 which can be accessed at www.sedarplus.com. The “forward-looking statements” contained herein speak only as of the date of this press release and, unless required by applicable law, Lite Access undertakes no obligation to publicly update or revise such information, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Lite Access Technologies Inc.

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