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Increasing Demand For Miniaturization Fueling The Growth Of The Market Due To Rising Adoption Of Portable And Wearable Devices: The Driving Engine Behind Surface Mount Device (SMD) Capacitors Market Evolution in 2025

08-25-2025 09:27 AM CET | IT, New Media & Software

Press release from: The Business Research Company

Surface Mount Device (SMD) Capacitors

Surface Mount Device (SMD) Capacitors

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Surface Mount Device (SMD) Capacitors Market Size Growth Forecast: What to Expect by 2025?
In recent times, the surface mount device (SMD) capacitors market has shown substantial growth. The market, valued at $13.64 billion in 2024, is predicted to escalate to $14.80 billion in 2025, signifying a compound annual growth rate (CAGR) of 8.5%. Factors such as expanding consumer electronics market, surge in electronic components miniaturization, higher demand in automobile electronics, increasing preference for energy-saving solutions, and the adoption of smart home technologies have all contributed significantly to this historic growth.

How Will the Surface Mount Device (SMD) Capacitors Market Size Evolve and Grow by 2029?
Expectations for the Surface Mount Device (SMD) capacitors market project a robust expansion in the upcoming years, with a predicted growth to a considerable $20.35 billion by 2029. This reflects a compound annual growth rate (CAGR) of 8.3%. Factors contributing to this growth during the forecast period include rising demand for miniaturized electronic devices, increased uptake of electric vehicles, broadening application of 5g technology, more investments in green energy systems, and increased use of Internet of Things (IoT) devices. Key emerging trends within this timeframe include progression in capacitor technology, incorporation of SMD Capacitors within automotive systems, technological enhancements in manufacturing processes, advancements in renewable energy applications, and progress in integrating Internet of Things devices.

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What Drivers Are Propelling the Growth of Surface Mount Device (SMD) Capacitors Market Forward?
The growth of the surface mount device (SMD) capacitors market is predicted to be fuelled by the rising demand for miniaturization in consumer electronics. Miniaturization, in the context of consumer electronics, refers to the manufacturing and designing of electronic devices and components that are more compact, lighter, yet equally performant and functional. Consumer electronics miniaturization is exemplified by devices like smartwatches, which combine the functionalities of larger devices like smartphones, fitness trackers, GPS units, and heart rate monitors into a small, wearable gadget. The increasing consumer preference for portable and wearable devices including smartphones, smartwatches, and wireless earbuds, which require smaller, more lightweight components for added convenience and comfort, is driving the demand for miniaturization. SMD capacitors are instrumental in the miniaturization of consumer electronics because of their compact and lightweight designs, ideal for streamlined and portable devices. They allow for exceptional performance in confined spaces, contributing to the enhanced functionality and efficiency of modern devices. For example, DemandSage, an India-based digital marketing solutions and business analytics company, reported that the worldwide count of smartwatch users in March 2025 was 454.69 million, a 41% increase from 323.99 million users in 2023. Consequently, the rising need for miniaturization in consumer electronics is spurring the growth of the SMD capacitors market.

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Which Emerging Trends Are Transforming the Surface Mount Device (SMD) Capacitors Market in 2025?
Leading businesses in the surface mount device (SMD) capacitors market are concentrating on the production of highly advanced solutions like ultra-low 3m? equivalent series resistance (ESR) to cater to the modern needs of high-performance electronic applications. Essentially, an ultra-low 3m? ESR is a type of capacitor with a minuscule equivalent series resistance (ESR) standing at a mere 3 milliohms (m?). As an illustration, Panasonic Holdings Corporation, a firm based in Japan, announced the launch of the EEF-JZ/KZ/TX/TZ Series SP-CAP specialty conductive polymer aluminum electrolytic capacitors in October 2023. These are designed to offer high durability and considerable capacitance for high-temperature applications necessitating compact and dependable elements. This creative SMD capacitor merges significant durability, large capacitance, and ultra-low ESR in a small size, assuring dependable and space-saving performance in challenging high-temperature electronic applications.

What Are the Key Segments in the Surface Mount Device (SMD) Capacitors Market?
The surface mount device (SMD) capacitors market covered in this report is segmented -

1) By Type Of Surface Mount Device Capacitors: Multilayer Ceramic Capacitors (MLCC), Tantalum Capacitors, Aluminum Organic Capacitors, Film Capacitors, Electrolytic Capacitors
2) By Capacitance Value: Low Capacitance (1 pF to 100 nF), Medium Capacitance (100 nF to 10 μF), High Capacitance (10 μF to 100 μF), Ultra High Capacitance (Above 100 μF)
3) By Application: Consumer Electronics, Automotive Applications, Telecommunications, Industrial Equipment, Medical Devices

Subsegments:
1) By Multilayer Ceramic Capacitors (MLCC): Class I Dielectrics, Class II Dielectrics, High Voltage Multilayer Ceramic Capacitors (MLCC), Ultra-Miniature Multilayer Ceramic Capacitors (MLCC), Automotive Grade Multilayer Ceramic Capacitors (MLCC)
2) By Tantalum Capacitors: Solid Tantalum Capacitors, Polymer Tantalum Capacitors, Wet Tantalum Capacitors, Low Equivalent Series Resistance (ESR) Tantalum Capacitors, Automotive Grade Tantalum Capacitors
3) By Aluminum Organic Capacitors: Conductive Polymer Aluminum Capacitors, Hybrid Aluminum Electrolytic Capacitors, Non-Solid Aluminum Organic Capacitors, High Ripple Current Capacitors, Low Equivalent Series Resistance (ESR) Tantalum Capacitors Aluminum Capacitors
4) By Film Capacitors: Polyester Film Capacitors, Polypropylene Film Capacitors, Polycarbonate Film Capacitors, Metallized Film Capacitors, Alternating Current (AC) Film Capacitors
5) By Electrolytic Capacitors: Aluminum Electrolytic Capacitors, Solid Electrolytic Capacitors, Axial Electrolytic Capacitors, Radial Electrolytic Capacitors, High Temperature Electrolytic Capacitors

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Who Are the Key Players Shaping the Surface Mount Device (SMD) Capacitors Market's Competitive Landscape?
Major Companies operating in the surface mount device (SMD) capacitors market are Panasonic Corporation, Avnet Inc., TDK Corporation, Kyocera Corporation, Murata Manufacturing Co. Ltd., Samsung Electro-Mechanics Co. Ltd., Vishay Intertechnology Inc., Taiyo Yuden Co. Ltd., Würth Elektronik eiSos GmbH & Co. KG, Nichicon Corporation, Darfon Electronics Corporation, Exxelia International SAS, Rubycon Corporation, Lelon Electronics Corp., Elna Co. Ltd., Samwha Capacitor Group, Cornell Dubilier Electronics Inc., Nippon Chemi-Con Corporation, Custom Electronics Inc., Anhui Safe Electronics Co. Ltd., Mallory Sonalert Products Inc., Aerovox Inc.

What Geographic Markets Are Powering Growth in the Surface Mount Device (SMD) Capacitors Market?
Asia-Pacific was the largest region in the surface mount device (SMD) capacitors market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surface mount device (SMD) capacitors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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