According to a market report by Lucintel, the future of the automotive capacitor market looks promising with opportunities in passenger cars and commercial cars. The global automotive capacitor market is expected to reach an estimated $3.1 billion by 2028 with a CAGR of 7.8% from 2023 to 2028. The major drivers for this market are increasing demand for advanced automotive electronics and growing trend towards vehicle electrification.
In this market, aluminum, ceramic, tantalum, paper and film, supercapacitors are the major product type segments. Lucintel forecasts that aluminum will remain the largest product type segment over the forecast period due to its increasing application in onboard chargers, motor inverters, boost inverters, and in electric vehicle charging stations owing to its high capacitance density and lower cost.
Within this market, passenger cars is expected to remain the largest segment due to increasing customer demand for vehicles with enhanced features and growing concerns for emitting toxic gases.
APAC will remain the largest region due to growing demand for electric vehicles and increasing concerns for reducing carbon emission in countries, like China and India.
Murata Manufacturing, Nichicon, AVX, Kemet, and Panasonic are the major suppliers in the global automotive capacitor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive capacitor market by product type, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Automotive Capacitor Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive capacitor market by automotive capacitor market by product type, application, and region, as follows:
Automotive Capacitor Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:
Aluminum
Ceramic
Tantalum
Paper and Films
Supercapacitors
Others
Automotive Capacitor Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
Passenger Cars
Commercial Cars
Automotive Capacitor Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
North America
Europe
Asia Pacific
The Rest of the World
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the global automotive capacitor market by product type (aluminum, ceramic, tantalum, paper and films, supercapacitors, and others), application (passenger cars and commercial cars), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?