The global discrete capacitors market size reached US$ 22.1 billion in 2022. Total sales of discrete capacitors are estimated at USD 23.9 billion in 2023. Demand is poised to exhibit a 7.2% CAGR between 2023 and 2033. Revenue is anticipated to reach around USD 47.7 billion by 2033.
The automotive industry is experiencing a shift towards electric vehicles (EVs). EVs require more advanced and efficient power electronics, which rely heavily on capacitors for energy storage and voltage regulation. ADAS technologies, such as collision avoidance systems and adaptive cruise control, require capacitors for filtering and energy storage in sensor and camera modules.
Modern vehicles are equipped with increasingly sophisticated infotainment systems. Capacitors are essential for audio amplifiers, touchscreen displays, and other entertainment features. Hybrids and electric vehicles have complex powertrains that rely on capacitors for energy storage and power management, especially in regenerative braking systems.
With the rise of connected vehicles and IoT integration, capacitors are used in communication modules for reliable data transmission and processing. As vehicles become more compact and aerodynamic, the demand for small, high-performance capacitors increases, as they are essential for space-saving designs.
| Attributes | Key Insights |
|---|---|
| Discrete Capacitors Market Estimated Size (2023E) | USD 23.9 billion |
| Discrete Capacitors Market Projected Valuation (2033F) | USD 47.7 billion |
| Value-based CAGR (2023 to 2033) | 7.2% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The global discrete capacitors market experienced growth at 8.4% CAGR during the historical period from 2018 to 2022. It created revenue of USD 22.1 billion in the base year 2022.
| Historical CAGR of Discrete Capacitors Market (2018 to 2022) | 8.4% |
|---|---|
| Historical Value of Discrete Capacitors Market (2022) | USD 22.1 billion |
The global discrete capacitors market has grown due to the growing demand for consumer electronics. The continued growth in the smartphone and wearable markets is a significant driver. These devices require discrete capacitors for power management, signal filtering, and miniaturization, contributing to increased capacitor demand.
The rollout of 5G technology requires a vast network of base stations and infrastructure. Discrete capacitors are essential to these systems' RF (radio frequency) and power management circuits. The Internet of Things (IoT) ecosystem relies on small, energy-efficient electronics. Discrete capacitors are used in sensors, communication modules, and IoT devices, all experiencing rapid growth.
The constant innovation and release of new consumer electronics, such as tablets, laptops, and gaming consoles, drive demand for discrete capacitors for power supply stabilization and signal processing. The transition to renewable energy sources, such as solar and wind, involves power inverters and converters, where capacitors are crucial for energy conversion and grid integration.
Miniaturization in electronic devices necessitates smaller, high-performance capacitors with higher capacitance densities. It is likely to drive the demand for advanced capacitor technologies. Discrete capacitors are vital for industrial automation systems, including robotics, motor drives, and control systems, which are growing sectors.
Capacitors play a role in improving fuel efficiency through energy recovery systems, which are crucial for meeting stringent emissions standards. Capacitors also enable the development of more energy-efficient and eco-friendly automotive technologies, aligning with global sustainability trends.
The desire for more compact and lighter electronic devices drove the need for discrete downsized capacitors with great capacitance values.
High-capacitance capacitors were in more demand than ever, owing to uses in renewable energy systems and electric vehicles (EVs).
Advanced dielectric materials, such as ceramics and tantalum, were being developed and adopted by the market to improve capacitor performance.
The rollout of 5G technology boosted demand for capacitors in telecommunications infrastructure and devices.
The Internet of Things (IoT) and wearable technology markets drove the need for smaller, energy-efficient capacitors.
Environmental concerns and regulations led to changes in capacitors' materials, focusing on reducing or eliminating hazardous substances.
Principal Consultant
Discrete capacitors have lower energy storage capacity than other devices, such as batteries and supercapacitors. They are primarily applied to filtration or short-term power storage applications.
Discrete capacitors may be big and heavy, especially in applications demanding high capacitance values. This might be a disadvantage in small electrical devices where weight and space are important considerations.
Capacitors are voltage-sensitive and can be destroyed when exposed to voltages above their limits. This necessitates voltage control and protection circuits for certain applications, which increases complexity and expense.
The characteristics of discrete capacitors can vary from manufacturer to manufacturer and even between individual components from the same manufacturer. This variability can pose challenges in maintaining consistent performance in mass production.
Capacitors' capacitance can be sensitive to temperature changes. Extreme temperatures can lead to variations in capacitance, affecting circuit performance.
Few capacitors use materials that are not eco-friendly, such as tantalum capacitors that use tantalum sourced from conflict regions. This can raise ethical and environmental concerns.
The table below provides the CAGR values the leading countries generate in the global discrete capacitors market. Based on this table, it is estimated that the United States is poised to expand at 7.3% CAGR between 2023 and 2033. South Korea follows at a close second in the global market and is projected to propel at 6.8% CAGR from 2023 to 2033.
| Countries | Value-based CAGR (2023 to 2033) |
|---|---|
| United States | 7.3% |
| United Kingdom | 6.6% |
| China | 6.5% |
| Japan | 5.5% |
| South Korea | 6.8% |
The United States is projected to surge at 7.3% CAGR from 2023 to 2033. The United States discrete capacitors market is set to surge to around USD 8 billion by 2033.
The electronics manufacturing sector primarily drives the United States discrete capacitors market. Miniaturization of electrical components, particularly capacitors, was becoming more popular. Manufacturers concentrated on manufacturing small, more effective capacitors to address the demands of small electronic gadgets.
Innovations in capacitor technology, such as high capacitance values, improved temperature stability, and reduced ESR (Equivalent Series Resistance). These factors will also help in driving market growth during the forecast period.
The United Kingdom is set to expand at 6.6% CAGR in the discrete capacitors market during the assessment period. By 2033, the United Kingdom market size is expected to reach USD 1.4 billion. During the forecast period, the automotive sector drove the United Kingdom's discrete capacitors market.
The automotive industry also uses discrete capacitors for safety features, infotainment systems, and engine management. Trends include miniaturization of capacitors, improved energy efficiency, and the development of capacitors for emerging technologies such as electric vehicles and 5G networks.
China is poised to expand at a CAGR of 6.5% between 2023 and 2033. Revenue generated by the discrete capacitors market is anticipated to be worth USD 6.2 billion by 2033.
Demand in China is driven by increasing production of industrial equipment during the forecast period. The market has seen advancements in capacitor technology, shifting towards small, high-capacity capacitors to meet the requirements of compact and portable electronic devices.
China is imposing strict environmental regulations on electronic component manufacturing, which can affect production processes and materials used in capacitors. Government support for the electronics manufacturing industry and the promotion of domestic production has potential to greatly influence the market dynamics.
Japan is estimated to register a sum of USD 3.7 billion by 2033. The country will likely surge at 5.5% CAGR between 2023 and 2033.
The electronics industry in Japan is a key consumer of discrete capacitors, with applications in smartphones, tablets, laptops, and other consumer electronics. Japanese companies were known for their innovations in capacitor technology, focusing on miniaturization, high capacitance, and reliability.
Japan had strict environmental regulations that affected the production and disposal of capacitors, leading to increased emphasis on eco-friendly and RoHS-compliant components. Japanese capacitor manufacturers exported their products to international markets, benefiting from the global demand for electronic devices.
South Korea will likely reach USD 2.5 billion in the discrete capacitors market by 2033. Between 2023 and 2033, sales are expected to grow at 6.8% CAGR.
South Korean companies are investing in research and development for advanced capacitor technologies. It includes solid-state capacitors and polymer electrolytic capacitors to meet the evolving demands of modern electronics. South Korea is affected by environmental regulations and industry trends toward eco-friendly and RoHS-compliant capacitor technologies.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The global discrete capacitors market is divided into ceramic and telecom. Based on this table, it is predicted that the ceramic segment is set to dominate the market with a 7.1% CAGR. On the other hand, the telecom division is estimated to exhibit a 7.0% CAGR between 2023 and 2033.
| Category | Ceramic |
|---|---|
| Value-based CAGR (2023 to 2033) | 7.1% |
The ceramic division will likely register a 7.1% CAGR from 2023 to 2033 based on type. The global discrete capacitors market is projected to be monopolized by this segment during the forecast period.
Ceramic capacitors have an elevated dielectric constant and are appropriate for various applications. It includes industrial, automotive, and consumer electronics fields. In applications requiring stable and precise capacitance values at various frequencies, ceramics excel. This makes them ideal for oscillators, filters, and RF circuits.
Ceramic capacitors exhibit excellent temperature stability, ensuring their performance across a wide temperature range, which is crucial in automotive and industrial environments. The ceramic segment offers various subtypes, including MLCCs (Multilayer Ceramic Capacitors), tantalum ceramics, and others, catering to diverse industry needs.
| Category | Telecom |
|---|---|
| Value-based CAGR (2023 to 2033) | 7.0% |
By application, the telecom division is set to exhibit a 7.0% CAGR from 2023 to 2033. This segment is expected to be prominent in the global discrete capacitors market during the forecast period.
The telecom industry is driven by increasing demand for connectivity during the forecast period. This is due to the proliferation of smartphones, IoT devices, and the rollout of 5G networks. Telecom equipment requires smaller, higher-performing components, especially in the 5G era. Discrete capacitors are crucial in meeting these demands as they are used in various applications, such as base stations, antennas, and RF modules.
Telecom companies continuously upgrade their network infrastructure to provide fast and reliable services. This involves deploying advanced hardware that relies on capacitors for filtering, energy storage, and signal conditioning.
Energy efficiency is a key concern in the telecom sector. Discrete capacitors can contribute to energy-efficient designs by improving power factor correction and enhancing the performance of electronic devices.
Manufacturers aim to develop and introduce new capacitor technologies and designs to meet evolving industry needs. It includes high capacitance, small form factors, and improved performance. They are also streamlining manufacturing processes to reduce production costs and increase profitability, a common strategy. This might involve automation, supply chain optimization, and efficient use of materials.
Key Companies in Discrete Capacitors Market:
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 23.9 billion |
| Projected Market Valuation (2033) | USD 47.7 billion |
| Value-based CAGR (2023 to 2033) | 7.2% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value (USD billion/million) and Volume (MT) |
| Key Regions Covered | Latin America; North America; Europe; South Asia; East Asia; Oceania; and Middle East & Africa |
| Key Countries Covered | United States, Mexico, Brazil, Chile, Peru, Argentina, Germany, France, Italy, Spain, Canada, United Kingdom, Belgium, Nordic, Poland, Russia, Japan, South Korea, China, Netherlands, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others |
| Key Market Segments Covered | Type, Application, Region |
| Key Companies Profiled | Arrow Electronics, Inc.; Avnet, Inc.; AVX Corporation; CoorsTek, Inc.; CTS Corporation |
The global discrete capacitors market might reach USD 23.9 billion in 2023.
The demand for discrete capacitors is set to surge at 7.2% CAGR over the forecast period.
The global discrete capacitors market is expected to reach USD 47.7 billion by 2033.
They key players are Arrow Electronics, Inc., Avnet, Inc.; AVX Corporation; etc.
Integration of 5G technology will likely drive demand for the discrete capacitors market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Ceramic Capacitor 5.2. Aluminum Capacitor 5.3. Paper & Plastic AC & DC Film Capacitor 5.4. Tantalum Capacitor 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Telecom 6.2. Computers 6.3. Consumer 6.4. Automotive 6.5. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Arrow Electronics, Inc. 17.2. Avnet, Inc 17.3. AVX Corporation 17.4. CoorsTek, Inc 17.5. CTS Corporation 17.6. Elecsound Electronics Co., Ltd. 17.7. Epcos AG 17.8. Evans Capacitor Company 17.9. Faithful Link Industrial Corporation 17.10. Illinois Capacitor, Inc 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Technology Insights
View Reports
Discrete Capacitors Market
