Asia Pacific is considered a major manufacturing hub in the world and is expected to provide ample growth opportunities to the MLCC market in this region. It is one of the fastest-growing regions in terms of developments and technological adoption. The countries like China and Japan which are the manufacturing hubs of electronics, also for electric vehicles (EVs) that raise the demand for MLCCs (on an average ~10,000 units of MLCCs are outfitted in an EV). The another main reason for technological advancements of MLCCs in the region is the presence of key OEMs such as Murata (Japan), Samsung Electro-Mechanics (South Korea), TAIYO YUDEN (Japan), YAGEO (Taiwan), Walsin Technology (Taiwan), TDK (Japan), and Kyocera (Japan).
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