Ceramic Capacitors Market 2021 to See Huge Growth by 2027

Increase in demand for ceramic capacitor from the electronics industry is a key factor driving the growth of the global ceramic capacitors market. This is attributed to the ever-growing requirement for upgraded gadgets. Smartphones and tablets are the major consumers of ceramic capacitors, as they can effectively handle complex and sophisticated functions. In addition, the introduction of multi-layered ceramic capacitors and miniaturization of electronic devices is one of the trends driving the growth of the ceramic capacitors market. The influence of ceramic capacitors has been such that new technologies, including Internet of Things (IoT), 5G network, and electric vehicles (EVs) are heavily dependent on the availability of ceramic capacitors. This has enforced the manufacturers to coordinate product line and manufacturing capacities to meet the technological requirements.

Increase in application of ceramic capacitors due to its better frequency characteristics, higher reliability, and superior withstanding voltage boosts the growth of the global ceramic capacitors market. In addition, with increase in acceptance of EVs and autonomous vehicle technology, government has implemented stringent regulations for the deployment of advanced driver assistant systems (ADAS), which, in turn, fuels the demand for ceramic capacitors in the automotive sector.

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Moreover, surge in influence of smart automotive production technologies is a major factor augmenting the ceramic capacitor demand in the automotive industry. In addition, technical developments in the automotive industry are positively impacting the ceramic capacitors market. In the automobile industry, most manufacturers are increasing their investment. Ceramics, however, has certain pitfalls that are considered as a threat to market growth, including the chances of damage and cracks. Thus, ceramic capacitors must be treated cautiously and may serve as a hindrance to the development of the global market. Moreover, it exhibits a short service life, which poses a challenge to the growth of the global market.

Key benefits of the report

• This study presents the analytical depiction of the global ceramic capacitors market along with the current trends and future estimations to determine the imminent investment pockets.

• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global ceramic capacitors market share.

• The current market is quantitatively analyzed from 2019 to 2027 to highlight the global ceramic capacitor market growth scenario.

• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.

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COVID-19 scenario analysis

The rapid expansion of COVID-19 worldwide has had a negative effect on the ceramic capacitors market with temporary shutdown of manufacturing facilities, resulting in major production slowdown. The pandemic has led to environment instability, which has enforced many supply chain members to move out their manufacturing facilities from China, thus reducing their over-reliance on the country. In addition, the ceramic capacitors industry is likely to get directly impacted for the next one or two years if transportation sector declines, as it is one of the key consumers of ceramic capacitors. Lockdown imposed by the governments in the wake of the COVID-19 outbreak has affected not only manufacturing but also consumer demand for ceramic capacitors.

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