Samsung Electric will focus on investing in automotive MLCC to compete with Japan‘s Murata
Time:2024-04-02
Views:218
Source: Sky Core
As smartphone demand continues to be sluggish and global electronic component companies that make multi-layer ceramic capacitors (MLCCS) seek to break through by expanding their automotive MLCC business, Samsung Electric, South Korea‘s leading MLCC company, is focusing its investment on automotive MLCCS, a market that has been dominated by Japanese companies.
Japan‘s Murata, which holds the largest share of the global MLCC market, recently announced plans to invest 47 billion yen (about $314 million) to expand the MLCC production facility at its Izumo plant in Shimone Prefecture, Japan, which is scheduled to begin operations in March 2026.
The industry speculated that the expansion is aimed at increasing production capacity for markets such as the electric vehicle (EV) market and the Internet of Things (IoT) amid slowing growth in smartphone sales.
MLCC has been widely used in IT devices such as smartphones and personal computers (PCS), as well as in household appliances. More recently, the emergence of electric and autonomous vehicles has highlighted the automotive MLCC market as a new segment of the electronic components industry. The automotive MLCC market size is expected to grow from $2.9 billion in 2023 to $4 billion in 2026.
Following Murata, leading MLCC companies in the world, such as Japan‘s TDK, Suntrap, and Kogyo, are also actively investing in automotive MLCC as a key area of competition. In July 2023, Sunlure completed the MLCC production base in Changzhou, Jiangsu Province, and began mass production, focusing on automotive MLCC for the Chinese electric vehicle market.
As smartphone demand continues to be sluggish and global electronic component companies that make multi-layer ceramic capacitors (MLCCS) seek to break through by expanding their automotive MLCC business, Samsung Electric, South Korea‘s leading MLCC company, is focusing its investment on automotive MLCCS, a market that has been dominated by Japanese companies.
Japan‘s Murata, which holds the largest share of the global MLCC market, recently announced plans to invest 47 billion yen (about $314 million) to expand the MLCC production facility at its Izumo plant in Shimone Prefecture, Japan, which is scheduled to begin operations in March 2026.
The industry speculated that the expansion is aimed at increasing production capacity for markets such as the electric vehicle (EV) market and the Internet of Things (IoT) amid slowing growth in smartphone sales.
MLCC has been widely used in IT devices such as smartphones and personal computers (PCS), as well as in household appliances. More recently, the emergence of electric and autonomous vehicles has highlighted the automotive MLCC market as a new segment of the electronic components industry. The automotive MLCC market size is expected to grow from $2.9 billion in 2023 to $4 billion in 2026.
Following Murata, leading MLCC companies in the world, such as Japan‘s TDK, Suntrap, and Kogyo, are also actively investing in automotive MLCC as a key area of competition. In July 2023, Sunlure completed the MLCC production base in Changzhou, Jiangsu Province, and began mass production, focusing on automotive MLCC for the Chinese electric vehicle market.
Samsung Electric announced at the shareholders‘ meeting in March last year that it would transform itself into an auto parts company and strengthen its market share in the MLCC market while Japanese companies are fighting alone.
According to market research firm TrendForce, since it began full-scale production of automotive MLCCS in 2016, Samsung Electric‘s market share has grown rapidly, from 4% in 2022 to 13% in 2023. Over the same period, market shares of leading companies such as Murata Production (down from 44 percent to 41 percent), TDK (down from 20 percent to 16 percent), and Suntrap (down from 18 percent to 13 percent) declined.
According to market research firm TrendForce, since it began full-scale production of automotive MLCCS in 2016, Samsung Electric‘s market share has grown rapidly, from 4% in 2022 to 13% in 2023. Over the same period, market shares of leading companies such as Murata Production (down from 44 percent to 41 percent), TDK (down from 20 percent to 16 percent), and Suntrap (down from 18 percent to 13 percent) declined.
|
Disclaimer: This article is transferred from other platforms and does not represent the views and positions of this site. If there is any infringement or objection, please contact us to delete it. thank you! |
Business consulting
13823761625
Mail me