The global ceramic capacitors market is expected to reach $17.9 billion by 2017, according to a new report by Global Industry Analysts Inc. Major factors driving market growth include the emergence of new end-use markets, as well as technological advancements in the segment, according to the report. In addition, factors such as increasing investments to improve capacitance from manufacturers, rising manufacturing volume to address burgeoning demand, healthy growth in the MLCC market, and increasing demand for end-use devices are expected to fuel growth in the market.
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.
For more information, visit www.strategyr.com