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Highlights of the low-voltage ceramic capacitor market research report are:
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Technavio’s market research analysts predict the global low-voltage ceramic capacitor market to grow steadily during the forecast period and post a CAGR of almost 5% by 2021. This industry research report identifies the increased demand for capacitors from the automotive sector to be one of the major factors that will have a positive impact on the growth of this market in the coming years. The electrification of components in automobiles will drive the demand for voltage capacitors to ensure the proper functioning of the electronic components. Also, the increased adoption of vehicles running on alternative technologies such as electricity and fuel cells will also fuel the demand for ceramic capacitors since these automobiles require extensive circuit and electrical current management.
One of the major trends that will gain traction in this market is the growth of the microwave and millimeter wave capacitor markets. With the increased integration of automotive collision avoidance and intelligent vehicle highway systems among automotive manufacturers, the coming years will witness a rise in the adoption of microwave capacitors by the automotive sector. Moreover, the adoption of Internet of things (IoT)-enabled devices and radar circuits by the automotive industry especially in the developed countries such as the US, Germany, and Japan, will also create the demand for microwave and millimeter wave capacitors.
Characterized by the presence of several established players and small regional capacitor manufacturers, this market appears to be fragmented and is highly competitive. Companies involved in the electrical industry have a competitive advantage over the other players as they can use the same equipment to manufacture low-voltage ceramic capacitors. To increase their revenue shares in the highly competitive market, vendors have started integrating highly optimized technology and are also focusing on deploying effective growth strategies.
The leading vendors in the market are -
The other prominent vendors in the market are ABB, KEMET, Knowles, NIPPON CHEMI-CON, Vishay, and Yageo.
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During 2016, the consumer electronics segment accounted for the major shares and dominated the market. The increasing penetration and sales of smartphones, especially in developing markets will be the major factor driving market growth in this segment. According to this market research report, this segment will continue its market dominance throughout the predicted period as well.
This market research and analysis estimates that in terms of geographical regions, APAC will be the major revenue contributor to the market throughout the forecast period. This is mainly attributed to the economic development of countries such as India and China. Furthermore, the growth of the automotive and the consumer electronics industry in this region will also drive the market’s growth prospects in APAC in the coming years.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
PART 15: Explore Technavio
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