Ceramic Capacitor Market By Type (Ceramic Disc Capacitor, Multilayer Ceramic Capacitor (MLCC), Feedthrough Ceramic Capacitor, Ceramic Power Capacitor), By End-Use (Consumer Electronics, Telecommunication, Automotive, Industrial, Energy & Power, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Ceramic Capacitor Market
The ceramic capacitor market was valued at $24.1 billion in 2023 and is projected to reach $40.9 billion by 2033, growing at a CAGR of 5.5% from 2024 to 2033.
A ceramic capacitor is a non-polar electrical component with a small size and huge charge storing capacity. The capacitor uses ceramic as a dielectric owing to its remarkable insulation properties. Its small size enables its incorporation on the surfaces of electrical equipment. The major advantages of using a ceramic capacitor include its low cost, lightweight, reliable performance, and ability to be integrated into hybrid circuits.
Increase in the adoption of consumer electronics such as smartphones and tablets is a key driver of the ceramic capacitor market. In addition, rise in the popularity of portable electronics has fueled the demand for miniature capacitors, propelling the development of the market. Furthermore, expansion of the renewable energy systems to cater to power requirements across diverse sectors augments the market growth significantly. Focusing on environmental considerations during the development of ceramic capacitors is a notable trend acquiring traction in the market currently. Manufacturers are striving to reduce the overall environmental impact associated with capacitors by developing halogen-free and lead-free ceramic capacitors.
However, constant fluctuation in the prices of raw materials required for manufacturing capacitors leads to instability in the market and hampers its development. Moreover, stringent competition from alternative capacitors such as electrolytic and film capacitors restrains the market growth. On the contrary, as the deployment of ceramic capacitors into electric vehicles (EVs) is upsurging, the market is anticipated to witness several lucrative opportunities with their increasing production. As per an article by BBC, all the new vehicles forecasted to be sold by 2040 are projected to be electric. This is attributed to rise in the affordability of EVs with advancements in technology. Therefore, boost in EV production and sales is anticipated to open new avenues for the market.
Segment ReviewThe ceramic capacitor market is segmented into type, end use, and region. On the basis of type, the market is divided into ceramic disc capacitor, multilayer ceramic capacitor (MLCC), feedthrough ceramic capacitor, and ceramic power capacitor. Depending on end use, it is classified into consumer electronics, telecommunication, automotive, industrial, energy & power, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of type, the multilayer ceramic capacitor (MLCC) segment is anticipated to be the highest shareholder throughout the forecast period.
Depending on end use, the consumer electronics segment is predicted to account for a high share of the market during the forecast period.
Region wise, Asia-Pacific is expected to be the highest revenue generator by 2033.
Competition AnalysisThe major players of the global ceramic capacitor market include Murata Manufacturing Co., Ltd., Holy Stone International, KYOCERA AVX Components Corporation, Vishay Intertechnology, Inc., High Energy Corp., TDK Corporation, TAIYO YUDEN CO., LTD., SAMSUNG ELECTRO-MECHANICS, YAGEO Group, and Würth Elektronik eiSos GmbH & Co. KG. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.
Key Market SegmentsBy TypeCeramic Disc Capacitor
Multilayer Ceramic Capacitor (MLCC)
Feedthrough Ceramic Capacitor
Ceramic Power Capacitor
By End-UseConsumer Electronics
Telecommunication
Automotive
Industrial
Energy Power
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
Rest of LAMEA
Key Market PlayersMurata Manufacturing Co., Ltd
Holy Stone International
KYOCERA AVX Components Corporation.
Vishay Intertechnology, Inc.
High Energy Corp.
TDK Corporation
TAIYO YUDEN CO., LTD.
SAMSUNG ELECTRO-MECHANICS
YAGEO Group
Würth Elektronik eiSos GmbH & Co. KG