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

4 weeks ago

November 1, 2024

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

Technology

Ben Kunz Promoted to Chief Strategy Officer of Mediassociates

Published

54 minutes ago

November 26, 2024

Brings focus on predictive analytics and AI research to advertising media campaigns

SANDY HOOK, Conn., Nov. 26, 2024 /PRNewswire/ — Recently, Mediassociates—a leading media planning, buying, and marketing analytics agency—announced the promotion of Ben Kunz to Chief Strategy Officer. Ben has been with the agency for nearly two decades, most recently serving as Executive Vice President, where he managed the agency’s client strategy and business development teams.

Ben Kunz Promoted to Chief Strategy Officer of Mediassociates

In his new role, Ben will lead marketing client strategy and product/service development at the agency, focusing on guiding the strategic direction of Precision Branding, Mediassociates’ unique approach to media buying and analytics. Ben was a driving force behind the agency’s Precision Branding methodology, which integrates upper- and lower-funnel advertising communications with new data signals about consumer and B2B prospect behavior, leading to more effective marketing outcomes. In addition, Ben will spearhead several key initiatives the agency including evolving its next generation PrecisionBranding.AI platform for improved ad campaign planning, testing, and forecasting, as well as developing innovative data strategies to help marketers connect with future customers.

A former management consultant and nationally published columnist, Ben has established himself as a prominent voice in media innovation, artificial intelligence and behavioral economics. Ben was an early champion of digital transformation in our industry and the shift to mobile. His insights have been featured in publications such as Ad Age, Forbes, Adweek, BusinessWeek, The Atlantic, and The Wall Street Journal. Additionally, he is a sought-after speaker at industry events, including the DMA Awards and SXSW.

“Ben is always 20 moves ahead in his thinking. With his foresight and expertise in tech and media trends, Ben is the ideal leader to elevate strategic thinking for our clients and our team,” said Jeff Larson, CEO of Mediassociates. “His track record of predicting industry shifts and his innovative approach to client solutions will be instrumental in driving the next phase of our growth.”

Throughout his tenure at Mediassociates, he has played a central role in building client success, launching the agency’s analytics, programmatic, predictive modeling, and AI practices. This has contributed to over 400% growth over the past decade.

“It’s an exciting time to be a leader in media,” Kunz said. “With advertising platforms changing almost daily and artificial intelligence building power and speed in campaign planning, I look forward to bringing new solutions forward for our clients and creative-agency partners.”

In his personal time, Ben is dedicated to cancer research fundraising, enjoys hiking in Iceland with his wife, and is passionate about photography.

About Mediassociates

Mediassociates is a leading independent, full-service media agency headquartered in Sandy Hook, CT. Since its founding in 1996, the agency has experienced remarkable growth, expanding threefold since 2020. With $275 million in media billings and a dedicated team of 102 employees, Mediassociates is positioned to be both nimble and scalable. The agency serves a national client base, partnering with mid-market companies to drive growth and leverage media as a competitive advantage. Mediassociates is a proud member of the Worldwide Partners Independent Agency Network and has received numerous industry accolades, including being recognized as a Best Place to Work by Ad Age, listed among the Fastest Growing Agencies by Adweek, honored as Media All-Stars by MediaPost, and designated a Premier Partner by Google.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ben-kunz-promoted-to-chief-strategy-officer-of-mediassociates-302316662.html

SOURCE Mediassociates

Technology

LeafLink Acquires Wholesale Marketplace Leaf Trade

Published

54 minutes ago

November 26, 2024

Combined companies are estimated to facilitate nearly $9 billion in wholesale gross merchandise value (GMV) yearly

Acquisition further streamlines technology tools available for cannabis operators to run their businesses more efficiently

LeafLink’s suite of cannabis solutions now includes B2B Marketplace tools, business banking, payment options like Payment on Sell-Through, data insights, B2B advertising, and retailer tools

NEW YORK, Nov. 26, 2024 /PRNewswire/ — LeafLink, the nation’s leading cannabis wholesale platform, today announced it has acquired Leaf Trade, a wholesale marketplace primarily used by multi-state operators (MSOs) and enterprise cannabis companies.

With this deal, LeafLink will support the full spectrum of cannabis businesses, from small brands and retailers to MSOs, with robust marketplace offerings and industry-leading tools. The LeafLink and Leaf Trade technology platforms will operate as-is without disruption while a full integration roadmap is rolled out.

“Leaf Trade has been the clear industry leader serving the MSO and enterprise segment and we are thrilled to welcome the Leaf Trade team to LeafLink. We look forward to working closely with our new customers and providing integrated technology solutions that allow them to run their businesses more efficiently,” said Artie Minson, President and CEO of LeafLink. “Our mission at LeafLink is to help the regulated cannabis industry reach its greatest potential. We’re doing this by providing products and implementing standards that significantly streamline operational processes and meaningfully improve financial performance. Streamlining the technology stack is critical to ensuring the industry’s long-term success and we are thrilled to be partnering with the industry’s largest companies in pursuit of this goal.”

“This acquisition is an incredible win for our team, our customers, and the advancement of the cannabis industry. The Leaf Trade team has done a tremendous job driving significant growth while achieving profitability. With LeafLink’s acquisition of Leaf Trade, we’re unifying our strengths to create even more innovative solutions that drive growth and value across the supply chain. We are excited that our customers will now be able to leverage some of the major product investments that LeafLink has made recently,” said Brian Ward, CEO of Leaf Trade. “Sweed, a partner of Leaf Trade under High Tech Holdings, will remain an independent business, which allows us to reinvest in its growth and continue building on the tremendous momentum we’ve achieved. By leveraging our strategic partnership with LeafLink, Sweed will deliver smarter tools that empower our customers to drive growth and streamline operations.”

This past year, LeafLink has gained significant momentum behind its product portfolio with a suite of new tools. These new additions include Payment on Sell-Through, an industry-first fintech tool that tackles delinquent payments and enhances LeafLink’s existing payment tools; LeafLink Plus, a subscription service that includes detailed inventory analytics; and enhanced access to reliable, compliant, and safe cannabis business banking on the LeafLink platform via the acquisition of Dama Financial. These new products complement and enhance LeafLink’s existing product suite, which includes marketplace tools, targeted advertising, SaaS integrations, logistics software, and market insights.

As a result of strong performance, organic growth opportunities, and its focused mission to be the B2B operating system for the regulated cannabis industry, LeafLink recently upsized its Series D fundraising round from $100 million to $125 million. Investors in the Series D financing include CPMG, Nosara, L2 Ventures, Thrive Capital, and Tiger Global.

Contact: Press@LeafLink.com

About LeafLink
Founded in 2016, LeafLink is the wholesale cannabis industry’s leading B2B technology platform helping thousands of customers in 30+ markets. LeafLink believes that better access to modern financial services will propel the industry towards sustainable growth. In July of 2024, LeafLink announced the acquisition of leading cannabis banking platform Dama Financial in order to provide access to safe, reliable, and compliant banking. In 2024, LeafLink was included in the Fast Company, Best Workplaces for Innovators List in the Banking, Finance, and Fintech category and was also awarded Green Market Report’s Best Cannabis Fintech.

About Leaf Trade
Leaf Trade, a pioneering wholesale cannabis platform, is transforming how the industry connects cultivators, distributors, and retailers. By streamlining the supply chain and integrating with top industry systems, Leaf Trade ensures efficient and compliant transactions. With a significant presence in over 25 states and trusted by many of the largest cannabis operators, Leaf Trade stands out as a reliable and innovative solution for the cannabis market.

About Sweed
Sweed is redefining cannabis retail management with its cohesive platform, seamlessly combining Point of Sale, eCommerce, and Marketing & Loyalty solutions. As the original enterprise-grade platform purpose-built for multi-location scalability, Sweed empowers retailers to efficiently manage sales, customer engagement, marketing, and inventory — all from one system. By delivering a tailored, data-driven experience without relying on external integrations, Sweed enables cannabis retailers to drive growth and deliver exceptional customer experiences. For more information, visit https://sweedpos.com/.

View original content to download multimedia:https://www.prnewswire.com/news-releases/leaflink-acquires-wholesale-marketplace-leaf-trade-302316665.html

SOURCE Leaflink

Technology

Unlock Laser Engraving Excellence: Monport’s Biggest Black Friday Sale

Published

54 minutes ago

November 26, 2024

NEW YORK, Nov. 26, 2024 /PRNewswire/ — Monport Laser is rolling out its highly anticipated Black Friday Blowout Sale, offering up to $6,000 in savings on top-tier laser engraving machines. The Black Friday sale, which runs from November 5 to December 5, 2024, includes massive discounts, exclusive bundle deals, and free gift offers for customers looking to upgrade their engraving capabilities.

Monport’s Black Friday sale is packed with unbeatable offers for both new and seasoned laser engraving enthusiasts. Whether you’re a hobbyist, small business owner, or professional looking to upgrade, Monport’s extensive sale has something for everyone. Customers can take advantage of massive savings, including up to $6,000 off on select machines, and enjoy special bundle offers that provide even more value.

Key Deals:

Up to $6,000 Off on top Monport Laser Engravers: Monport’s top models, including the Reno Pro and Mega Laser, are available at incredible discounts, ensuring customers can get high-quality, professional-grade machines at the best prices of the year.Buy More, Save More with Bundle Offers: Shoppers can save even more by purchasing laser engraver bundles, which include essential accessories and materials at discounted prices.Limited-Time Free Gift: For a limited time, customers who purchase any laser engraver will receive a gift card up to $300, perfect for future upgrades, accessories, or materials.60-Day Price Guarantee: Monport ensures customers get the best deal by offering a 60-day price guarantee, promising the lowest price available during the promotion.

For a limited time, customers who purchase any laser engraver will receive a gift card up to $300, which can be used for future upgrades or materials. Additionally, Monport is offering a 60-day price guarantee, ensuring buyers get the best price during the Black Friday promotion period.

The Monport Black Friday Sale also includes discounts on engraving materials and accessories, with savings of up to 20%. Whether a beginner or a seasoned pro, there’s a machine or accessory to suit every need, from small business owners to laser engraving enthusiasts.

Exclusive Online Livestream Events

In celebration of the Black Friday sale and the launch of the Monport MEGA Laser, Monport is hosting three livestream events featuring product demos, engraving tips, and Q&A sessions with experts. The Black Friday livestreams will also offer a chance to win prizes like LightBurn software licenses and air purifiers.

Livestream Schedule:

November 25, 2024, at 8 PM CST : Hosted by GregNovember 27, 2024, at 8 PM CST : Hosted by CasonNovember 29, 2024, at 3 PM PST : Hosted by Brett

During these Black Friday livestream events, viewers will see the capabilities of the Monport Reno Pro, learn engraving techniques, and get a sneak peek of the Mega Laser’s advanced features. Prizes will be awarded to participants who engage during the livestreams.

Shop Now for Unbeatable Savings

Monport Laser urges customers to act quickly to secure the best deals of the year. With exclusive discounts, special bundles, and live event giveaways, the Monport Black Friday Blowout Sale is the perfect opportunity to invest in laser engraving equipment or expand an existing setup.

For more details and to shop the full range of discounts, visit Monport Laser’s Black Friday Sale.

Shop now and get exclusive savings—limited time only!

About Monport Laser
Monport Laser is a leading provider of high-quality laser engraving machines and accessories, offering innovative solutions for hobbyists, small businesses, and professionals. Known for cutting-edge technology and exceptional customer service, Monport continues to set the standard in the laser engraving industry.

View original content:https://www.prnewswire.com/news-releases/unlock-laser-engraving-excellence-monports-biggest-black-friday-sale-302316668.html

SOURCE Monport Laser