Murata Manufacturing Co., Ltd, TDK Corporation, Taiyo Yuden Co., Ltd, Vishay Intertechnology are key players in the US$6.128 billion ceramic capacitor market
The recent study on the ceramic capacitor market covers an in-depth analysis of the market on the basis of type, industry vertical, and geography. The report also covers the country level analysis within the regions as well. Additionally, the report covers the key trends in the market along with drivers and restraint during the forecast period 2018-2023. According to the report titled “Ceramic Capacitor Market - Forecasts from 2018 to 2023”, the market is expected to increase from US$6.128 billion in 2017 to US$9.167 billion by 2023, at a CAGR of 6.94% during the projected period. The report has segmented the ceramic capacitor market by type (MLCC, ceramic disc capacitor, feedthrough ceramic capacitor, ceramic power capacitor), by industry vertical (consumer electronics, automotive, telecommunications, energy and power, others) and by geography such as North America (United States, Canada, Mexico, others), South America (Brazil, others), Europe (France, Germany, United Kingdom, Italy, others), Middle East and Africa (UAE, Israel, Saudi Arabia, others), and Asia Pacific (China, India, Japan, South Korea, others) . The demand for the ceramic capacitor is increasing on account of a growing trend towards miniaturization of different electronic components and devices. Simultaneously, the focus of increasing the functionality of the portable devices such as smartphones, tablets, wearables etc. has resulted in the dramatic increase in the number of MLCC installed per device, thus fueling the growth of the market.
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Growing in-vehicle infotainment content and increasing electric vehicle production is boosting the demand for ceramic capacitors.
The automotive manufacturers are increasing the electronic content within the vehicles in order to increase the convenience to the individual consumer. Simultaneously, the global trend of shifting towards eco-friendly vehicle is leading to growing production of electric vehicles, which in turn, is increasing the demand for ceramic capacitors.
The Asia Pacific holds a dominant share in the market
The Asia Pacific ceramic capacitor market is estimated to dominate the global market with 64.71% share in 2017, while the region is further anticipated to grow at a CAGR of 7.72% during the forecast period on account of growing production of electric vehicles. Simultaneously, the growing production of consumer electronic products is boosting the growth of the ceramic capacitor market in the region.
Some of the major players discussed in the reports are Murata Manufacturing Co. Ltd., TDK Corporation, Taiyo Yuden Co., Ltd., and Kemet among others.
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