Publisher: Lucintel Publication date: Get it in 2 weeks by ordering today. The future of the capacitor market looks promising with opportunities in the computer, telecom, consumer electronics, automotive, and industrial sectors. The global capacitor market is forecast to reach $31.2 billion by 2027 with a CAGR of 5.9% from 2021 to 2027.
Answer: The capacitor market is expected to grow at a CAGR of 5.9% from 2021 to 2027. Q3. What are the major drivers influencing the growth of the capacitor market?
The global capacitor market is forecast to reach $31.2 billion by 2027 with a CAGR of 5.9% from 2021 to 2027. The major drivers for this market are increasing demand for consumer electronics products, growing demand for premium smartphones, and increasing production of electric vehicles.
Ceramic capacitors will remain the largest segment due to increasing usage for multilayer ceramic capacitors (MLCC) in smartphones and electric vehicles. The supercapacitor segment is expected to witness the highest growth over the forecast period due to increasing usage of supercapacitors in regenerative braking systems of electric vehicles.
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