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Although they are minor and passive components, capacitors have become indispensable in all major electronic devices. Ceramic capacitors, with their ability to support the power supply needed for semiconductor devices, have emerged as an integral component of semiconductor devices. Hampered by the economic turmoil, the global ceramic capacitors market experienced weakening demand from 2008 until late 2009. However, the market recovered significantly in 2010 and is forecast to grow at a faster rate compared to the other segments, primarily due to their usage in almost all electronic devices. Prospects for ceramic capacitors remain upbeat through the forecast period, due to new designs of MLCCs that offer higher capacitances, as well as improved bypassing, filtering and decoupling capabilities.
Asia-Pacific represents the largest regional market for ceramic capacitors worldwide, according to the report; Europe is the second-largest regional market globally. However, growth in the market is led by Asia-Pacific, the Middle East and Latin America over the analysis period. Asia-Pacific is forecast to post a compounded annual growth rate of about 20.6% during the analysis period.
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