Soaring Demand Set to Propel Automotive Ultracapacitor Market to $5.35 Billion by 2029

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What Is the Expected CAGR for the Automotive Ultracapacitor Market Through 2025?
The size of the automotive ultracapacitor market has witnessed immense growth in the past few years. It is projected to increase from $2.05 billion in 2024 to $2.52 billion in 2025, with a compound annual growth rate (CAGR) of 23.0%. Factors contributing to this growth in the historic period include the advent of electric vehicles, expansion of hybrid cars, effectiveness in start-stop systems, an increase in energy recovery systems, and enhancements in durability and lifespan.

What's the Projected Size of the Global Automotive Ultracapacitor Market by 2029?
The size of the automotive ultracapacitor market is projected to undergo substantial growth in the upcoming years, expanding to $5.35 billion in 2029 with a CAGR of 20.7%. This growth during the projected period can be associated with the emphasis on sustainable transportation, wider implementation of electrification in public transport, an increased demand for lightweight solutions, progress in energy storage, and an improved charging infrastructure. Major factors influencing trends during the projected period are regulatory measures for reducing emissions, vehicle electrification, advancements in energy storage, the demand for rapid charging, and integration in start-stop systems.

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Top Growth Drivers in the Automotive Ultracapacitor Industry: What's Accelerating the Market?
The surging requirement for electric vehicles is projected to push the expansion of the automotive ultracapacitor market. An electric vehicle (EV), a type of transportation that derives power from electricity rather than gasoline or diesel-powered internal combustion engines, employs automotive ultracapacitors to enhance performance, extend battery lifespan, and provide emergency backup power. For example, the International Energy Agency, based in France, reported in April 2024 that around 14 million new electric cars were added globally in 2023, meaning that there were 40 million EVs on the roads. This number represented approximately 18% of all car sales, a considerable increase from the previous year's 14%. In China alone, 8.1 million new electric cars were registered, a significant increase of 35% from the preceding year. Hence, the surging demand for electric vehicles drives the expansion of the automotive ultracapacitor market. The increasingly strict emission regulations are projected to boost the expansion of the automotive ultracapacitor market. These government-introduced standards aim at limiting pollutant and greenhouse gas discharges into the ecosystem, particularly from various industrial and transport activities. As a result, these regulations propel the automotive sector towards the adoption of cleaner, higher-efficiency technologies to mitigate emissions. Ultracapacitors significantly contribute to this objective by enhancing energy efficiency, fuel economy, and minimizing emissions, including applications in regenerative braking, start-stop systems, and powering electric and hybrid vehicles. For instance, in April 2023, the US-based government entity, the Environmental Protection Agency (EPA) proposed more stringent emission standards for light-and medium-duty vehicles, aiming at various pollutants including greenhouse gases, ozone, particulate matter, and air toxics. These standards are designed to be practicable and coincide with the sector's shift towards electrification. Therefore, these increasingly rigorous emission regulations stimulate the growth of the automotive ultracapacitor market.

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What Trends Will Shape the Automotive Ultracapacitor Market Through 2029 and Beyond?
Leading firms within the automotive ultracapacitor market, such as KEMET Corporation, a US-based capacitor technology producer, are prioritizing the development of novel products like high-performance supercapacitors. These particular supercapacitors boast an impressive specific capacitance and power density, solidifying the market stance of their makers and offering trustworthy services to consumers. In March 2023, KEMET launched its FMU Series, a high-performance automotive supercapacitor, capable of enduring an industry-topping operational temperature range of -40°C to 105°C and providing 1,000 hours at 85°C/85% RH-rated voltage. Aligned with automotive testing standards, these capacitors are manufactured in an ISO TS 16949-certified facility, and are subject to the PPAP (Production Part Approval Process)/PSW (Part Submission Warrant) and change control. Thus, they are ideal for applications in Advanced Driver Assistance Systems (ADAS), driverless vehicles, and central gateway Electronic Control Units (ECUs) that necessitate major power system backup in the event of a power failure.

What Are the Main Segments in the Automotive Ultracapacitor Market?
The automotive ultracapacitor market covered in this report is segmented -

1) By Type: Double-Layered Capacitors, Pseudo Capacitors, Hybrid Capacitors
2) By Vehicle Type: Passenger Vehicle, Commercial Vehicle
3) By Sales Channel: Original Equipment Manufacturer, After market
4) By Application: Start-Stop Operation, Regenerative Braking System, Other Applications

Subsegments:
1) By Double-Layered Capacitors: Electric Double-Layer Capacitors (EDLCs), Supercapacitors
2) By Pseudo Capacitors: Conducting Polymer Capacitors, Transition Metal Oxide Capacitors
3) By Hybrid Capacitors: Hybrid Supercapacitors, Lithium-Ion Capacitor (LIC) Technologies

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Which Top Companies are Driving Growth in the Automotive Ultracapacitor Market?
Major companies operating in the automotive ultracapacitor market report are Panasonic Holdings Corporation, Sumitomo Corporation, Eaton Corporation PLC, TDK Corporation, Kyocera Corporation, Yageo Corporation, Taiyo Yuden Co. Ltd., Rutronik Elektronische Bauelemente GmbH, Nippon Chemi-Con Corp., LS Mtron Co. Ltd., Skeleton Technologies, Nesscap Co. Ltd., Tecate Group, Cornell Dubilier Electronics Inc., Ioxus, VINATech Co. Ltd., Systematic Power Manufacturing LLC, Yunasko Ltd., ELNA America Inc., TOKIN Corporation, Evans Capacitor Company, LICAP Technologies Inc., NAWA Technologies, Maxwell Technologies Inc., CAP-XX Limited, Seeo Inc.

Which Regions Will Dominate the Automotive Ultracapacitor Market Through 2029?
Western Europe was the largest region in the automotive ultracapacitor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive ultracapacitor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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