There is provided an array type multilayer ceramic electronic component including a ceramic body having a plurality of dielectric layers stacked in a length direction, a first capacitor part including a plurality of first and second internal electrodes alternately exposed through both side surfaces of the ceramic body, a second capacitor part disposed to be spaced apart from the first capacitor part and including a plurality of third and fourth internal electrodes, a first external electrode formed on one side surface, a second external electrode disposed to be spaced apart from the first external electrode, formed on one side surface of the ceramic body, and a third external electrode formed on the other side surface of the ceramic body.