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Automotive Ultracapacitor Market Forecasts to 2032 – Global Analysis By Vehicle Type (Passenger Cars, Commercial Fleets, Public Transit Vehicles and Off-Highway & Specialty Vehicles), Propulsion Type, Electrical Specification, Application, End User and By

Published Sep 19, 2025
Length 200 Pages
SKU # SMR20411561

Description

According to Stratistics MRC, the Global Automotive Ultracapacitor Market is accounted for $3.47 billion in 2025 and is expected to reach $12.30 billion by 2032 growing at a CAGR of 19.8% during the forecast period. Automotive ultracapacitors, or supercapacitors, are cutting-edge energy storage solutions that work alongside traditional vehicle batteries. They provide exceptionally high power output, fast charging and discharging, and a long operational life, making them suitable for applications like regenerative braking, start-stop operations, and acceleration boosts. Unlike conventional batteries, these devices can withstand millions of cycles without noticeable wear. Incorporating ultracapacitors in hybrid and electric vehicles enhances energy efficiency, lowers fuel usage, and prolongs battery life. As the automotive sector moves toward electrification, ultracapacitors are increasingly valued for their role in improving energy management and overall vehicle performance.

According to the International Energy Agency’s Global EV Outlook 2023, global electric car sales were projected to reach 14 million units in 2023, representing a 35% increase from the 10 million units sold in 2022.

Market Dynamics:

Driver:

Increasing adoption of electric and hybrid vehicles

The surge in electric and hybrid vehicle adoption is propelling the automotive ultracapacitor market. Environmental regulations and consumer focus on sustainability are prompting automakers to incorporate ultracapacitors for enhanced energy management. These devices provide rapid energy discharge during acceleration, regenerative braking, and start-stop systems, optimizing vehicle efficiency and battery longevity. Rising demand for eco-friendly and high-performing vehicles has encouraged manufacturers to invest in ultracapacitor technology. Consequently, ultracapacitors are increasingly vital in electric and hybrid vehicles, driving market expansion and supporting the industry’s shift toward greener, more efficient automotive solutions.

Restraint:

High initial cost of ultracapacitors

The high upfront cost of ultracapacitors serves as a key barrier to market growth. Manufacturing these devices involves expensive materials like activated carbon, graphene, and advanced electrolytes, making production costly. Although ultracapacitors offer durability, rapid energy delivery, and extended lifecycle, their initial price discourages smaller manufacturers from implementation. Integration with existing battery systems also requires advanced engineering, further increasing expenses. Consequently, cost-sensitive regions and vehicle segments may adopt ultracapacitors more slowly, restricting widespread market penetration. Despite their efficiency and performance advantages in fuel economy, regenerative braking, and acceleration support, the high investment remains a significant restraint on the automotive ultracapacitor market.

Opportunity:

Technological innovations and research

Ongoing research and innovation in ultracapacitor technology provide major growth opportunities for the automotive industry. Advances like graphene electrodes, hybrid ultracapacitors, and enhanced electrolytes improve energy storage capacity, efficiency, and operational lifespan. These improvements make ultracapacitors more compact, economical, and versatile for various automotive applications. Partnerships between automakers and research institutions are accelerating the commercialization of cutting-edge ultracapacitors. As technology progresses, manufacturers can offer lighter, higher-power, and more efficient energy solutions, boosting vehicle performance, extending battery longevity, and enhancing regenerative braking systems. These developments represent significant opportunities for expansion in the global automotive ultracapacitor market.

Threat:

Competition from advanced battery technologies

The growth of battery technologies, especially lithium-ion and solid-state variants, poses a threat to the automotive ultracapacitor market. With increasing energy density, improved lifespan, and declining costs, these batteries can provide both long-term energy storage and rapid power output, reducing the need for supplementary ultracapacitors. Automakers might prioritize integrating advanced batteries over ultracapacitors, particularly in applications requiring sustained energy supply. As battery performance improves and costs drop, ultracapacitors may face reduced adoption rates, risking market share. The competition from evolving, cost-efficient battery solutions remains a key challenge for the widespread acceptance of automotive ultracapacitors.

Covid-19 Impact:

The COVID-19 pandemic had a notable impact on the automotive ultracapacitor market, causing disruptions in global supply chains and halting production in many manufacturing facilities. Restrictions and lockdowns delayed ultracapacitor manufacturing and limited access to key materials like graphene and activated carbon. Consumer vehicle demand dropped, reducing the uptake of advanced energy storage solutions. Automakers focused on cost-cutting and essential operations, slowing the integration of new ultracapacitor technologies. With the gradual recovery of the automotive sector and the rising adoption of electric and hybrid vehicles, the ultracapacitor market is anticipated to regain momentum, supporting renewed growth in the coming years.

The passenger cars segment is expected to be the largest during the forecast period

The passenger cars segment is expected to account for the largest market share during the forecast period, driven by the rising adoption of electric and hybrid vehicles. Ultracapacitors enhance energy management, support regenerative braking, and optimize start-stop functionality in these vehicles, improving performance and battery life. Increasing environmental awareness, regulatory mandates, and incentives for low-emission vehicles further encourage manufacturers to implement ultracapacitor technology in passenger cars. Their widespread usage and consistent consumer demand make this segment the dominant application area, positioning passenger vehicles as the key driver for growth in the ultracapacitor market and highlighting their strategic importance for automakers focusing on electrification and sustainable mobility solutions.

The battery electric vehicles (BEVs) segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the battery electric vehicles (BEVs) segment is predicted to witness the highest growth rate due to their increasing popularity and dependence on advanced energy storage solutions. Ultracapacitors provide quick energy bursts for acceleration, regenerative braking, and battery support, enhancing efficiency and prolonging battery lifespan. Government incentives, stricter emissions standards, and rising consumer demand for clean, zero-emission vehicles are driving BEV adoption worldwide. Automakers are prioritizing ultracapacitor integration in BEVs to optimize energy management, improve performance, and reduce battery stress. Consequently, BEVs emerge as the fastest-growing segment, reflecting a strong trend toward electrification and sustainable mobility in the automotive sector.

Region with largest share:

During the forecast period, the Asia Pacific region is expected to hold the largest market share, driven by the rapid adoption of electric and hybrid vehicles in key markets such as China, Japan, and South Korea. Government incentives, regulations promoting energy-efficient vehicles, and policies supporting clean mobility encourage the integration of ultracapacitors. Major regional automakers are investing in these advanced energy storage solutions to improve performance, regenerative braking efficiency, and battery lifespan. Rising environmental awareness, urbanization, and strong production capabilities further enhance market growth. These factors collectively make Asia-Pacific the leading region for ultracapacitor deployment, establishing it as the dominant hub for automotive energy storage technology.

Region with highest CAGR:

Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, driven by the rising uptake of electric and hybrid vehicles and the focus on green transportation solutions. Government incentives, emission regulations, and policies promoting sustainable mobility encourage automakers to adopt ultra capacitors for improved energy management, regenerative braking, and extended battery life. Investments in electric vehicle technology and innovation by U.S. and Canadian manufacturers further fuel market growth. Increasing consumer preference for eco-friendly and high-performance vehicles adds to this momentum. Together, these factors make North America the fastest-growing region for automotive ultracapacitor integration and technological advancement.

Key players in the market

Some of the key players in Automotive Ultracapacitor Market include Maxwell Technologies, Skeleton Technologies, Nippon Chemi-Con Corporation, Yunasko Ltd, Panasonic Corporation, Nesscap Battery, Hitachi AIC Inc., ELNA America Inc., LOXUS Inc., Nichicon Corporation, LS Mtron Ltd, Eaton Corporation, KEMET Corporation, CAP-XX Limited and Ioxus, Inc.

Key Developments:

In July 2025, Skeleton and USA Bobsled has entered into a multi-year endorsement deal with American Honda, one that will give the sliding sports federation financial and technical support going into both next winter's Milan-Cortina Olympics and the 2030 Games in the French Alps. The deal has been in the works for some time. Honda — which becomes the official premier technology partner of the teams — will give USABS, among other things, access to its wind tunnel in Ohio for research and development purposes.

In February 2025, Maxwell Biosciences announced a new collaboration. Maxwell has entered into a Cooperative Research and Development Agreement to develop therapies for dengue virus infections with the Naval Medical Research Command's (NMRC) Naval Medical Infectious Diseases Diagnostic Laboratory (NIDDL).

In July 2024, Panasonic Corporation announced that its Cold Chain Solutions Company has entered into an agreement with Cooling Solutions S.L. to purchase all the shares of its subsidiary Area Cooling Solutions Sp. z.o.o., a Polish refrigeration equipment manufacturer. This transaction is a strategic step for Panasonic to strengthen its condensing unit business in the European market and to accelerate its ongoing global expansion.

Vehicle Types Covered:
• Passenger Cars
• Commercial Fleets
• Public Transit Vehicles
• Off-Highway & Specialty Vehicles

Propulsion Types Covered:
• Battery Electric Vehicles (BEVs)
• Hybrid Electric Vehicles (HEVs)
• Plug-in Hybrid Electric Vehicles (PHEVs)
• Internal Combustion Engine (ICE) Vehicles

Electrical Specifications Covered:
• Voltage Range
• Capacitance Range

Applications Covered:
• Start-Stop Systems
• Regenerative Braking
• Power Backup
• Active Suspension Systems
• Advanced Driver Assistance Systems (ADAS)

End Users Covered:
• Automotive OEMs
• Tier 1 Component Suppliers
• Energy Storage System Integrators
• Automotive Electronics Manufacturers

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements






Table of Contents

200 Pages
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Automotive Ultracapacitor Market, By Vehicle Type
5.1 Introduction
5.2 Passenger Cars
5.3 Commercial Fleets
5.4 Public Transit Vehicles
5.5 Off-Highway & Specialty Vehicles
6 Global Automotive Ultracapacitor Market, By Propulsion Type
6.1 Introduction
6.2 Battery Electric Vehicles (BEVs)
6.3 Hybrid Electric Vehicles (HEVs)
6.4 Plug-in Hybrid Electric Vehicles (PHEVs)
6.5 Internal Combustion Engine (ICE) Vehicles
7 Global Automotive Ultracapacitor Market, By Electrical Specification
7.1 Introduction
7.2 Voltage Range
7.2.1 Below 2.7V
7.2.2 2.7V-3.0V
7.2.3 3.0V-3.6V
7.2.4 Above 3.6V
7.3 Capacitance Range
7.3.1 Less than 1000 Farads
7.3.2 1000-2500 Farads
7.3.3 2500-5000 Farads
7.3.4 More than 5000 Farads
8 Global Automotive Ultracapacitor Market, By Application
8.1 Introduction
8.2 Start-Stop Systems
8.3 Regenerative Braking
8.4 Power Backup
8.5 Active Suspension Systems
8.6 Advanced Driver Assistance Systems (ADAS)
9 Global Automotive Ultracapacitor Market, By End User
9.1 Introduction
9.2 Automotive OEMs
9.3 Tier 1 Component Suppliers
9.4 Energy Storage System Integrators
9.5 Automotive Electronics Manufacturers
10 Global Automotive Ultracapacitor Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Maxwell Technologies
12.2 Skeleton Technologies
12.3 Nippon Chemi-Con Corporation
12.4 Yunasko Ltd
12.5 Panasonic Corporation
12.6 Nesscap Battery
12.7 Hitachi AIC Inc.
12.8 ELNA America Inc.
12.9 LOXUS Inc.
12.10 Nichicon Corporation
12.11 LS Mtron Ltd
12.12 Eaton Corporation
12.13 KEMET Corporation
12.14 CAP-XX Limited
12.15 Ioxus, Inc.
List of Tables
Table 1 Global Automotive Ultracapacitor Market Outlook, By Region (2024-2032) ($MN)
Table 2 Global Automotive Ultracapacitor Market Outlook, By Vehicle Type (2024-2032) ($MN)
Table 3 Global Automotive Ultracapacitor Market Outlook, By Passenger Cars (2024-2032) ($MN)
Table 4 Global Automotive Ultracapacitor Market Outlook, By Commercial Fleets (2024-2032) ($MN)
Table 5 Global Automotive Ultracapacitor Market Outlook, By Public Transit Vehicles (2024-2032) ($MN)
Table 6 Global Automotive Ultracapacitor Market Outlook, By Off-Highway & Specialty Vehicles (2024-2032) ($MN)
Table 7 Global Automotive Ultracapacitor Market Outlook, By Propulsion Type (2024-2032) ($MN)
Table 8 Global Automotive Ultracapacitor Market Outlook, By Battery Electric Vehicles (BEVs) (2024-2032) ($MN)
Table 9 Global Automotive Ultracapacitor Market Outlook, By Hybrid Electric Vehicles (HEVs) (2024-2032) ($MN)
Table 10 Global Automotive Ultracapacitor Market Outlook, By Plug-in Hybrid Electric Vehicles (PHEVs) (2024-2032) ($MN)
Table 11 Global Automotive Ultracapacitor Market Outlook, By Internal Combustion Engine (ICE) Vehicles (2024-2032) ($MN)
Table 12 Global Automotive Ultracapacitor Market Outlook, By Electrical Specification (2024-2032) ($MN)
Table 13 Global Automotive Ultracapacitor Market Outlook, By Voltage Range (2024-2032) ($MN)
Table 14 Global Automotive Ultracapacitor Market Outlook, By Below 2.7V (2024-2032) ($MN)
Table 15 Global Automotive Ultracapacitor Market Outlook, By 2.7V-3.0V (2024-2032) ($MN)
Table 16 Global Automotive Ultracapacitor Market Outlook, By 3.0V-3.6V (2024-2032) ($MN)
Table 17 Global Automotive Ultracapacitor Market Outlook, By Above 3.6V (2024-2032) ($MN)
Table 18 Global Automotive Ultracapacitor Market Outlook, By Capacitance Range (2024-2032) ($MN)
Table 19 Global Automotive Ultracapacitor Market Outlook, By Less than 1000 Farads (2024-2032) ($MN)
Table 20 Global Automotive Ultracapacitor Market Outlook, By 1000-2500 Farads (2024-2032) ($MN)
Table 21 Global Automotive Ultracapacitor Market Outlook, By 2500-5000 Farads (2024-2032) ($MN)
Table 22 Global Automotive Ultracapacitor Market Outlook, By More than 5000 Farads (2024-2032) ($MN)
Table 23 Global Automotive Ultracapacitor Market Outlook, By Application (2024-2032) ($MN)
Table 24 Global Automotive Ultracapacitor Market Outlook, By Start-Stop Systems (2024-2032) ($MN)
Table 25 Global Automotive Ultracapacitor Market Outlook, By Regenerative Braking (2024-2032) ($MN)
Table 26 Global Automotive Ultracapacitor Market Outlook, By Power Backup (2024-2032) ($MN)
Table 27 Global Automotive Ultracapacitor Market Outlook, By Active Suspension Systems (2024-2032) ($MN)
Table 28 Global Automotive Ultracapacitor Market Outlook, By Advanced Driver Assistance Systems (ADAS) (2024-2032) ($MN)
Table 29 Global Automotive Ultracapacitor Market Outlook, By End User (2024-2032) ($MN)
Table 30 Global Automotive Ultracapacitor Market Outlook, By Automotive OEMs (2024-2032) ($MN)
Table 31 Global Automotive Ultracapacitor Market Outlook, By Tier 1 Component Suppliers (2024-2032) ($MN)
Table 32 Global Automotive Ultracapacitor Market Outlook, By Energy Storage System Integrators (2024-2032) ($MN)
Table 33 Global Automotive Ultracapacitor Market Outlook, By Automotive Electronics Manufacturers (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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