Murata Manufacturing Co., Ltd, TDK Corporation, Taiyo Yuden Co., Ltd, Vishay Intertechnology are key players in the US$6.128 billion ceramic capacitor 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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