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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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Human-I-T Launches Digital Beats & Skills Workshop for Detroit Youth

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Ft Local Detroit Lions Producer P.L. aka Terry Fox

DETROIT, Nov. 25, 2024 /PRNewswire/ — Human-I-T, a nonprofit at the forefront of bridging the digital divide, is launching the dynamic Digital Beats & Skills Workshop. This transformative program will equip local youth with the tools and inspiration to explore careers in the music industry, igniting their potential and amplifying Detroit’s rich musical legacy.

The inaugural workshop, held at Human-I-T’s Digital Equity Center on 7 Mile on Wednesday, December 4 from 5:00 – 7:00 PM invites youth ages 13-19 to learn from legendary producer, P.L. aka Terry Fox, whose work has been featured on FOX Sports, NBC’s NBA broadcasts, and the NFL Network’s “Gameday” theme. P.L. will share his career-defining techniques, offering a rare opportunity for aspiring young musicians.

“As a leader in digital equity, our mission is to create as many opportunities as possible for the Detroit metro area. The Digital Beats and Skills Workshop is just the beginning of initiatives designed to spark creativity and open doors to new career pathways for children and young adults. By equipping young minds with the tools to think creatively, we hope to inspire the next generation of artists, innovators, and musicians to emerge from Detroit,” reported Graeme Jackson, Marketing and Content Manager at Human-I-T.

Programming will be curated by Class Act Detroit, a non-profit known for empowering youth through music and arts education; the workshop will challenge and engage all attendees. Executive Director Rashad Dobbins, whose work has been featured in projects like The Walking Dead and The Hunger Games: Mockingjay, aims to foster a sense of community and future growth through hip-hop.

The workshop curriculum includes:

Introduction to Beat MakingOverview of Hip-Hop ProductionHistory and Impact of Detroit Hip-Hop

Human-I-T will provide all attendees with their own free Apple Ipad tablets and music production software, ensuring they have the tech tools to continue their journey in music creation. With limited spots available, the workshop is expected to fill quickly.

View original content to download multimedia:https://www.prnewswire.com/news-releases/human-i-t-launches-digital-beats–skills-workshop-for-detroit-youth-302316612.html

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Dye & Durham Announces CEO Succession Plan

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Matthew Proud to step down as CEO after transition periodComprehensive CEO selection process will be initiated to identify a successorBoard and management team will continue to execute on Dye & Durham’s Value Creation Plan

TORONTO, Nov. 26, 2024 /CNW/ – Dye & Durham Limited (“Dye & Durham” or the “Company”) (TSX: DND) board of directors (the “Board”) today announced that Matthew Proud has decided to step down from his role as Chief Executive Officer of the Company. Mr. Proud will remain in his role for approximately three months or until the Board-led search for his successor is completed. The Board is grateful to Mr. Proud for his contributions and his ongoing support as Dye & Durham transitions to new leadership and a new era of growth for the Company. Under Mr. Proud’s leadership, Dye & Durham has grown from a small regional single product company with an enterprise value of approximately $4 million, to a global legal technology leader worth over $2.56 billion in enterprise value.

“On behalf of the Company and the entire Dye & Durham Board, I would like to thank Matt for his invaluable contributions to the Company,” said Colleen Moorehead, Chair of the Board. “Since becoming CEO of our predecessor company in 2014, Matt’s leadership has been instrumental in Dye & Durham’s exceptional growth and position in the legal technology market, navigating the Company through its successful IPO and the completion of multiple, value-accretive acquisitions and partnerships to date. We look forward to working collaboratively with Matt and the senior leadership team during this interim period, ensuring a smooth transition, and continuing to execute on our Value Creation Plan.”  

“I am incredibly proud of the Company we have built together, and I would like to thank the outstanding Dye & Durham team, the Board, and our partners for their support. The senior leadership team is focused and energized and will provide continuity through and following the succession transition,” said Mr. Proud. “Over the past several years, we have grown Dye & Durham into a remarkable, global SaaS legal tech business that has revolutionized the legal software industry. We have strategically and deliberately expanded our solutions suite, geographical presence and customer base since founding, and now through our Unity global platform we offer law firms everything they need to run their practice in a central location. With Dye & Durham well-positioned for a new era of growth, I believe that this is the best time to evolve our leadership to a new CEO who will inspire our next stage of growth and keep our momentum going. I plan to remain a stakeholder and advocate for Dye & Durham.”

Dye & Durham provides premier practice management solutions and vital data insights software that supports critical risk management decisions empowering legal professionals every day. The Company remains committed to executing on its recently published ‘Value Creation Plan’ to continue driving sustainable long-term value for all stakeholders. Details on the Value Creation Plan can be found in the Investors section of the Company’s website and on SEDAR+ under the Company’s profile at www.sedarplus.ca.

ABOUT DYE & DURHAM LIMITED

Dye & Durham Limited provides premier practice management solutions empowering legal professionals every day, delivers vital data insights to support critical corporate transactions and enables the essential payments infrastructure trusted by government and financial institutions. The company has operations in Canada, the United Kingdom, Ireland, and Australia.

Additional information can be found at www.dyedurham.com.

Forward-Looking Statements

This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects Dye & Durham’s current expectations regarding future events. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements.

Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dye & Durham’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in Dye & Durham’s most recent annual information form. Dye & Durham does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

SOURCE Dye & Durham Limited

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Dye & Durham Releases Letter to Shareholders and Files Management Information Circular Ahead of Upcoming Annual Meeting

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Dye & Durham’s highly qualified Board and management team are focused on driving value for all stakeholders Engine Capital threatens to disrupt the Company’s progress, opposes the consideration of strategic alternatives, and would destroy shareholder value if its nominees are electedDue to postal disruption, shareholders encouraged to contact Carson Proxy if they require assistance in voting or to receive replacement proxy materialsBoard urges Dye & Durham shareholders to vote FOR all of Dye & Durham’s nominees on the GOLD Proxy or GOLD VIF to protect and maximize shareholder value

TORONTO, Nov. 26, 2024 /CNW/ – Dye & Durham Limited (“Dye & Durham” or the “Company”) (TSX: DND) today announced that it has issued a Letter to Shareholders (the “Letter”) and filed its Management Information Circular (the “Circular”) with the Canadian Securities Administrators on SEDAR+ under the Company’s profile at www.sedarplus.ca in connection with the Company’s 2024 annual and special meeting of shareholders (the “Annual Meeting”) scheduled for December 17, 2024. The Letter and Circular are also available on the company’s website.

Due to the Canadian postal disruption, shareholders are encouraged to contact Carson Proxy at 1-800-530-5189, text 416-751-2066, or email info@carsonproxy.com, for assistance in voting their shares, or to obtain replacement proxy materials.

These materials provide compelling, important information on the business of the Annual Meeting, including Dye & Durham’s board of directors (the “Board”), as well as related matters such as voting procedures, how to attend the Annual Meeting, details on the Company’s strong track record of value creation and why Dye & Durham’s director nominees are best positioned to continue the Company’s track record of outperformance. Shareholders are urged to vote the GOLD proxy or GOLD VIF for the renewed Board to sustain Dye & Durham’s momentum and continue driving extraordinary, compounded value for shareholders.  

The Letter and Circular also detail Engine Capital LP’s (together with affiliates, “Engine”) campaign to disrupt the Company’s progress, opposition to the consideration of strategic alternatives, its zero-premium takeover attempt, its track record of poor capital allocation, and its reckless plan to displace the Board and the management team. In addition, the Board details why it believes that the election of Engine’s poorly qualified nominees and the pursuit of Engine’s agenda will be value destructive for shareholders.

The Company encourages you to vote your GOLD proxy or GOLD VIF FOR each of Dye & Durham’s director nominees well before the proxy deadline on December 13, 2024 at 10:30 a.m. (Toronto time). If you have any questions or need help voting your shares, please contact Carson Proxy at 1-800-530-5189, text 416-751-2066, or email info@carsonproxy.com.

Advisors

Dye & Durham has retained Goldman Sachs, as its strategic advisor, Goodmans LLP and Groia & Company as its legal advisors, Gagnier Communications LLC and Sovereign Advisory Inc. as its strategic communications advisors, and Carson Proxy as its proxy solicitor.

About Dye & Durham Limited

Dye & Durham Limited provides premier practice management solutions empowering legal professionals every day, delivers vital data insights to support critical corporate transactions and enables the essential payments infrastructure trusted by government and financial institutions. The company has operations in Canada, the United Kingdom, Ireland, and Australia.

Additional information can be found at www.dyedurham.com.

Forward-Looking Statements

This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects Dye & Durham’s current expectations regarding future events. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements.

Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dye & Durham’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in Dye & Durham’s most recent annual information form. Dye & Durham does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

SOURCE Dye & Durham Limited

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