PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1742654
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1742654
The Automotive Electric Capacitor Market is expected to grow from US$3,917.628 million in 2025 to US$5,183.204 million in 2030, at a CAGR of 5.76%.
Like all electronic products and systems, automotive systems make extensive use of capacitors and rising demand for cars using alternative propulsion technologies, where operation and management of electrical current and circuits are becoming more important is leading towards the expanding role of capacitors. The utility for electric capacitors in the automotive industry will grow owing to the increasing demand for vehicles worldwide. Growing in-vehicle electronics coupled with rising demand for electric vehicles, budding need for infotainment devices in vehicles, and rising need for better power and energy management in automotive units are expected to further snowball the demand for these capacitors in the automotive industry.
Furthermore, the shift towards fully autonomous vehicles is anticipated to widen up the growth opportunities for automotive electric capacitors vendors and manufacturers during the forecast period. However, the cyclical nature of the automotive industry is expected to restrain the growth of the market in the coming years. Geographically, the Asia Pacific region is estimated to hold a significant share in the market due to the early adoption of technology in the automotive industry. Simultaneously, the market in North America and Europe is expected to witness good growth opportunities during the forecast period.
Automotive Electric Capacitor Market Drivers:
Automotive Electric Capacitor Market Restraints:
The major players profiled in the automotive electric capacitor market are Yageo Corporation, TDK Corporation, Panasonic Corporation, and Nichicon Corporation among others.
Automotive Electric Capacitor Market Segmentation