MLCC Utilization to Pick up Toward End of 2024 for Passive Components Suppliers

Taiyo Yuden is one of the top suppliers of passive components, with the third-largest market share in multilayer ceramic capacitor, or MLCCs, and bandpass filters. Passive components are necessary for all electronic circuits. They are used to store electricity, to control electric flow, to enable wireless communication, and to remove electromagnetic noise. While we acknowledge that shipments of digital appliances are slowing down, we think progress in telecommunication standards—such as 3G, LTE, LTE advanced, and 5G—and increased electronic devices in automobiles will drive the continued expansion of the component market.