Xuan Gu Bao·2025-12-10 23:26Industry Insights - Murata identifies three main drivers for passive component demand: AI servers, autonomous driving, and edge AI devices, with AI server MLCC usage being the most significant among all terminals [1] - For example, the GB300 server platform is estimated to use up to 30,000 MLCCs, which is three times that of vehicles and 30 times that of mobile phones, with a single AI cabinet consuming as many as 440,000 MLCCs [1] - Murata forecasts that the demand for MLCCs in AI servers will increase 3.3 times by 2030 compared to 2025, indicating a long-term growth trajectory for the MLCC market over the next five years [1] - Factors such as the proliferation of electric vehicles, the application of smart driving technology, the upgrade of consumer electronics, and the enhancement of AI servers and communication base stations are driving higher demand for MLCC products [1][2] - Technological advancements are pushing MLCC products towards miniaturization, high capacitance, high frequency, high reliability, and high voltage, which will further enhance the market space for MLCCs [1] Company Developments - Leading MLCC manufacturers in China, such as Fenghua and Sanhuan, are making significant investments to break through high-capacity and automotive-grade technologies, moving towards the global first tier in production capacity [2] - Emerging players like Dali Ke Pu and Weirong Technology are focusing on niche markets to fill gaps in RF and ultra-micro products [2] - Industry inventory levels are currently reasonable, and with support from automotive electronics and AI servers, the industry remains in an upward cycle [2] - Guocera Materials, a leading global MLCC dielectric powder manufacturer, has achieved comprehensive coverage of basic and formula powders, with clients including top domestic and international companies [3] - Sanhuan Group has developed a rich product matrix for MLCCs, widely used in mobile communications, smart terminals, and new energy sectors, with high-capacity automotive MLCCs already certified for automotive standards [3]