Global Automotive Ultracapacitor Market 2023-2027
Technavio has been monitoring the automotive ultracapacitor market and is forecast to grow by $165.09 mn during 2022-2027, accelerating at a CAGR of 15.52% during the forecast period. Our report on the automotive ultracapacitor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing EV automotive industry, increasing government support, and replacement of rechargeable batteries in EVs with ultracapacitors.
Technavio's automotive ultracapacitor market is segmented as below:
By Type
- Double-layered capacitors
- Pseudo capacitors
- Hybrid capacitors
By Application
- Brake regeneration
- Start-stop operation
- Active suspension
By Geography
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the increasing focus on advanced ultracapacitors as one of the prime reasons driving the automotive ultracapacitor market growth during the next few years. Also, the growing popularity of electric buses and increasing investments in r and d for the development of hybrid ultracapacitors will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the automotive ultracapacitor market covers the following areas:
- Automotive ultracapacitor market sizing
- Automotive ultracapacitor market forecast
- Automotive ultracapacitor market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive ultracapacitor market vendors that include CAP XX Ltd., Cornell Dubilier Electronics Inc., Eaton Corp. Plc, GODI India Pvt. Ltd., Kyocera Corp., LICAP Technologies Inc., LS MTRON Ltd., Nippon Chemi Con Corp., Panasonic Holdings Corp., Shanghai Aowei Technology Development Co. Ltd., Skeleton Technologies GmbH, SPEL TECHNOLOGIES PVT. LTD., Systematic Power Manufacturing LLC, TAIYO YUDEN Co. Ltd., TDK Corp., UCAP Power Inc., VINATech Co. Ltd., Yageo Corp., Yunasko Ltd., and Zoxcell Ltd. Also, the automotive ultracapacitor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.