Press Releases

With Demand from Multiple Industries, the Ceramic Capacitors Market Booms

December 12, 2018

WELLESLEY, Mass., Dec. 12, 2018 – Essential to the aerospace and space exploration, automotive, communications, computers and peripherals, consumer products, defense, entertainment, industrial and medical industries, the global ceramic capacitors market has soared in recent years, according to BCC Research

The global market for ceramic capacitors is expected to grow from $14.8 billion in 2018 to $30.7 billion by 2023 at a compound annual growth rate (CAGR) of 15.7% for the period of 2018-2023, according to the report “Ceramic Capacitors: Technologies and Opportunity.”

Prominent market players include Tesla (TSLA), General Motors (GM), Toyota (TM), Honda (HNDAF), AFM Microelectronics, CTS, Darfon Electronics, Exxelia, Lipers Enterprise, Lucky Top Technologies, NIC Components, RCD Components, Samsung Electro-Mechanics, Viking Tech and Yageo, among many others.

Research Highlights

  • Currently, the Asia-Pacific region is the largest consumer of ceramic capacitor products. In this region, revenue increased at a 31.6% CAGR from 2016 to 2018, from $4.3 billion in 2016 to $5.1 billion in 2017.
  • Sales of ceramic capacitors for the communications sector are expanding at a very healthy rate, with a CAGR of 43.3% during the two-year period, from $2.7 billion in 2016 to an estimated $5.5 billion in 2018.
  • Thick film capacitors account for the largest share of sales. Demand for these products has grown at a very strong CAGR of 31.0% since 2016, from nearly $8.6 billion in 2016 to a projected $14.7 billion in 2018, corresponding to a share of 99.4% of the total market in 2018.

“The ceramic capacitor industry continues to evolve and increase its market penetration, thanks to the introduction of new applications as well as technologies that consent to develop new products, reduce manufacturing costs and tap into markets traditionally covered by other capacitor types,” said Margareth Gagliardi, BCC Research analyst and author of this report. 

Market Restraints Include Capacitor Shortages, Price Increases

Within the ceramics capacitors market, top restraints include a current capacitor shortage, steady unit price increases, a cyclical industry and limited use in certain applications due to the common presence of cracks and delamination in ceramic capacitors.

Editors/reporters requesting analyst interviews should contact Eric Surber at press@bccresearch.com.

Ceramic Capacitors: Technologies and Opportunities( AVM163A )
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