Global Low-voltage Ceramic Capacitor Market 2017-2021
About Low-voltage Ceramic Capacitors
Low-voltage ceramic capacitors are the most extensively used type of capacitors in various applications such as electronics, automotive, home appliances, and computers and peripherals. The application of ceramic capacitors dates to the 1930s where they were used in valve or tube circuits. Currently, low-voltage ceramic capacitors account for 55.51% of the global low-voltage capacitor market.
Technavio’s analysts forecast the global low-voltage ceramic capacitor market to grow at a CAGR of 4.67% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global low-voltage ceramic capacitor market for 2017-2021. To calculate the market size, the report considers the unit shipments and the average price of various types of low-voltage ceramic capacitors.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Low-voltage Ceramic Capacitor Market 2017-2021
Technavio recognizes the following companies as the key players in the global low-voltage ceramic capacitor market: Kyocera, Murata Manufacturing, Samsung Electro-Mechanics, TAIYO YUDEN, and TDK EPCOS
Other Prominent Vendors in the market are: ABB, KEMET, Knowles, NIPPON CHEMI-CON, Vishay, and Yageo
Commenting on the report, an analyst from Technavio’s team said: “Low-voltage ceramic capacitors are increasingly used in every component/detail of a smartphone due to rising technological complexity, enhanced functionality, and the need for efficiency. This contributes to the growing number of capacitors in smartphones. The trend is expected to contribute significantly to the growth of the market with increasing demand for high-end smartphones.”
According to the report, Japan is a key country in the global low-voltage ceramic capacitor market, accounting for more than 10% of the market share; major vendors such as Murata Manufacturing, TDK EPCOS, Kyocera, TAIYO YUDEN, and Nichicon generate a high percentage of their revenue from the country. The demand from the consumer electronics and automotive sectors significantly contributes to the low-voltage ceramic capacitor market in Japan.
Further, the report states that the several local, regional, and international vendors operating in the global low-voltage ceramic capacitors market offer similar products at competitive prices, creating intense competition among vendors. Therefore, to remain competitive, product differentiation becomes crucial for vendors. Many of them try to differentiate their products by providing additional support and services to end-users. In addition, many low-cost manufacturers from developing countries such as India and China are challenging European and American manufacturers, thereby increasing market competition, and forcing manufacturers to adopt strategies for vertical integration.
Kyocera, Murata Manufacturing, Samsung Electro-Mechanics, TAIYO YUDEN, TDK EPCOS,ABB, KEMET, Knowles, NIPPON CHEMI-CON, Vishay, and Yageo