Automotive Capacitors Market Share

Global Automotive Capacitors Market Overview

Automotive Capacitors Market size was valued at USD 18.9 billion in 2022. The Automotive Capacitors market industry is projected to grow from USD 19.58 billion in 2023 to USD 25.98 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.60% during the forecast period (2024 - 2032). Increased integration of advanced electronic systems in vehicles and demand for electric vehicles (EVs) and hybrid electric vehicles (HEVs) are the key market drivers enhancing the market growth.

Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review

Automotive Capacitors Market Trends

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  Rising integration of advanced electronic systems in vehicles is driving market growth

  
  

Market CAGR for automotive capacitors is being driven by the rising integration of advanced electronic systems in vehicles. The automotive industry is witnessing a significant shift towards electrification, with the widespread adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs). These vehicles rely heavily on advanced electronic systems for power management, energy storage, and efficient operation.

Modern vehicles incorporate a wide range of connected and autonomous features, such as advanced driver-assistance systems (ADAS), infotainment systems, and sensors for autonomous driving. These features rely on sophisticated electronic components, including capacitors, for reliable and efficient performance. The integration of advanced electronic systems has led to a higher degree of complexity in power distribution and management within vehicles. Capacitors are essential components for stabilizing voltage, filtering electrical signals, and ensuring a steady and reliable power supply to various electronic modules and components. Advanced electronic systems often require rapid and precise energy delivery. Capacitors contribute to energy storage and discharge in critical moments, supporting functions like acceleration, braking, and overall vehicle performance. They play a key role in optimizing energy efficiency and ensuring the smooth operation of electronic components.

Many modern vehicles incorporate regenerative braking systems to capture and store energy during braking. Capacitors are crucial in these systems for storing and quickly releasing energy, contributing to improved overall energy efficiency and range in electric and hybrid vehicles. The integration of advanced electronic systems caters to consumer demands for enhanced comfort, convenience, and entertainment features in vehicles. Capacitors are utilized in various electronic components, such as audio systems, climate control systems, and interior lighting, to ensure reliable and efficient performance. Global emission standards and the push for improved fuel efficiency drive the automotive industry to explore electronic solutions that enhance engine performance and reduce environmental impact. Capacitors play a role in supporting electronic systems that contribute to these efficiency goals.

The increased integration of advanced electronic systems in vehicles is driving the automotive capacitors market by necessitating reliable and efficient energy storage and management solutions. As vehicles become more electrified and incorporate a diverse range of electronic features, the demand for capacitors to support these systems is expected to continue growing. Thus driving the Automotive Capacitors market revenue.

Automotive Capacitors Market Segment Insights

Automotive Capacitors Product Insights

The Automotive Capacitors Market segmentation, based on product, includes Aluminum, Ceramic, Tantalum, Paper and Film, Supercapacitors, and Others. The aluminum segment dominated the market, accounting for the largest market revenue due to their advantageous characteristics that align with the demanding requirements of modern vehicle electronics. The lightweight nature of aluminum capacitors makes them particularly well-suited for automotive applications, helping manufacturers achieve weight reduction goals for improved fuel efficiency. Additionally, aluminum capacitors offer high energy density, providing efficient energy storage for the electric and hybrid vehicles and supporting functions like regenerative braking and quick energy discharge. Their durability, reliability, and ability to handle high-temperature environments further position aluminum capacitors as the preferred choice in the automotive sector, meeting stringent performance standards and advancing the development of sophisticated electronic systems in vehicles.

Figure 1: Automotive Capacitors Market, by Product, 2022 & 2032 (USD Billion)

Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review

Automotive Capacitors Application Insights

The Automotive Capacitors Market segmentation, based on application, includes Passenger Cars and Commercial Cars. The passenger cars category dominates the market due to their extensive use of advanced electronic systems and increasing electrification. The modern passenger car has evolved into a hub of sophisticated technologies, including infotainment systems, navigation, safety features, and advanced driver-assistance systems (ADAS). These electronic systems heavily rely on capacitors for energy storage, stabilization of voltage, and efficient power delivery. Moreover, with the growing demand for electric vehicles (EVs), passenger cars are at the forefront of the automotive industry's shift towards electrification, further amplifying the significance of capacitors in supporting the complex power distribution and energy management systems within these vehicles.

Automotive Capacitors Regional Insights

By region, the study gives market insights into the North America, Europe, Asia-Pacific, and the Rest of the World. The North American Automotive Capacitors market area dominates this market due to the region's robust automotive industry, which is characterized by a high degree of technological integration and a strong focus on electric and hybrid vehicles. The presence of main automotive manufacturers and growing consumer demand for advanced electronic features in vehicles contribute to the significant market share.

Further, the prime countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, Japan, China, India, Australia, South Korea, and Brazil.

Figure 2: AUTOMOTIVE CAPACITORS MARKET SHARE BY REGION 2022 (USD Billion)

Source: The Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's Automotive Capacitors market accounts for the second-largest market revenue because of the growing adoption of electric vehicles (EVs), stringent emission standards, and the demand for advanced safety and connectivity features in automobiles. Further, the German Automotive Capacitors market held the largest market share, and the UK Automotive Capacitors market was the fastest-growing market in European region.

The Asia-Pacific Automotive Capacitors Market is expected to rise at the fastest CAGR from 2023 to 2032. This is due to the region's flourishing automotive industry, increasing adoption of electric vehicles, and the demand for advanced electronic features in vehicles. Moreover, China’s automotive capacitor market held the largest market share, and the Indian automotive capacitor market was the fastest-growing market in Asia-Pacific region.

Automotive Capacitors Key Market Players & Competitive Insights

Leading market players are investing heavily in the research and development in order to expand their product lines, which will help the Automotive Capacitors market grow even more. Market players are also undertaking a variety of strategic activities to spread their global footprint, with important market developments including mergers and acquisitions, new product launches, contractual agreements, higher investments, and collaboration with other organizations. To spread and survive in a more competitive and rising market climate, the Automotive Capacitors industry must offer cost-effective items.

Manufacturing locally to minimize the operational costs is one of the key business tactics used by the manufacturers in the global Automotive Capacitors industry to benefit the clients and increase the market sector. In recent years, the Automotive Capacitors industry has offered some of the most significant advantages to the automobile industry. Major players in the Automotive Capacitors market, including Murata Manufacturing, Nichicon, AVX Corporation, Kemet, Panasonic, Samsung Electro-Mechanics, TDK Corporation, Vishay Intertechnology, Nippon Chemi-Con, Infineon Technologies, and others, are trying to increase market demand by investing in the research and development operations.

Vishay Intertechnology is a global electronics company renowned for its extensive range of electronic components and solutions. Headquartered in Malvern, Pennsylvania, Vishay operates as one of the world's largest manufacturers of diverse semiconductors and passive electronic components. With a history dating back to 1962, the company has established itself as a key player in the industry, offering a diverse portfolio that includes resistors, capacitors, inductors, diodes, and optoelectronics. Vishay's components find applications in various sectors, including automotive, industrial, telecommunications, and consumer electronics. In October 2023, Vishay Intertechnology acquired Pulse Electronics for approximately $1.2 billion. Pulse Electronics is a leading designer and manufacturer of high-performance magnetics and magnetics-based power supplies, including capacitors for automotive applications. This acquisition expands Vishay's product portfolio into new markets and strengthens its position in the growing automotive capacitor market.

TDK Corporation is a Japanese multinational conglomerate that operates as a leading player in the global electronics industry. Founded in 1935, TDK has established itself as a prominent manufacturer and supplier of electronic components, modules, and systems. The company's diverse product portfolio includes capacitors, inductors, transformers, sensors, ferrite cores, and various other electronic components critical for applications in the automotive, industrial, consumer electronics, and information technology sectors. In July 2023, TDK Corporation partnered with Samsung Electronics to develop and manufacture new automotive capacitors. The two companies will compile their expertise in materials science, semiconductor manufacturing, and capacitor design to develop new automotive capacitors that meet the stringent performance requirements of electric vehicles and other advanced automotive applications.

Key Companies in the Automotive Capacitors market include

• Murata Manufacturing


• Nichicon


• AVX Corporation


• Kemet


• Panasonic


• Samsung Electro-Mechanics


• TDK Corporation


• Vishay Intertechnology,


• Nippon Chemi-Con


• Infineon Technologies

Automotive Capacitors Industry Developments

June 2023: Infineon Technologies partnered with AVL List GmbH to develop and manufacture new automotive capacitors. The two companies will compile their expertise in power electronics, semiconductor manufacturing, and automotive systems to develop new automotive capacitors that enable the development of more efficient and reliable electric vehicles and other advanced automotive applications.

September 2023: AVX Corporation announced a partnership with Infineon Technologies to develop and manufacture automotive capacitors. The two companies will compile their expertise in materials science, semiconductor manufacturing, and capacitor design to develop new automotive capacitors that meet the stringent performance requirements of electric vehicles and other hybrid vehicles.

June 2023: Murata Manufacturing Co., Ltd. announced the acquisition of Knowles Precision Devices for approximately $3.2 billion. Knowles Precision Devices is a leading manufacturer of acoustic components, including microphones and speakers, as well as capacitors for automotive applications. This acquisition expands Murata's product portfolio into new markets and strengthens its position in the growing automotive capacitor market.

Automotive Capacitors Market Segmentation

Automotive Capacitors Product Outlook

• Aluminum


• Ceramic


• Tantalum


• Paper and Film


• Supercapacitor


• Others

Automotive Capacitors Application Outlook

• Passenger Cars


• Commercial Cars

Automotive Capacitors Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America