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Radial Tantalum Capacitors Market Report
Radial Tantalum Capacitors Market Trends, Dynamics & Market Insights
Radial Tantalum Capacitors Market, By Type (Capacitance Below 10 μF, Capacitance 10-300 μF, Capacitance Above 300 μF), By Application (Medical, Automotive, Consumer Electronics, Others), and Region - COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global radial tantalum capacitors market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The Radial Tantalum Capacitors Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of xx% during the forecast period.
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A tantalum electrolyte is an electrolytic capacitor, a passive component of electronic circuits. It comprises a pellet of porous tantalum metal as an anode, which is roofed by an insulating oxide layer that forms the dielectric, surrounded by solid or liquid electrolyte as a cathode. A radial tanta-lum capacitor may be a radially mounted capacitor.
Key players operating in the radial tantalum capacitors market are-
Extensive usage of tantalum alloys in aviation, gas turbine, and high-end automobiles as well as rising product adoption in the electronics & electrical sector are some of the key factors augmenting the market growth in the coming years. In addition, 5G is significantly growing, the need for tantalum increases. The replacement of solid capacitors with wet tantalum capacitors is expected to create lucrative opportunities for industry players during the forecast timeline.
Based on application, the radial tantalum capacitors market is categorized into medical, automotive, consumer electronics, and others. The consumer electronics segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. This is mainly attributed to surging demand for laptops, digital camcorders, and smartphones, along with their short replacement cycles. The emergence of new technologies such as 4K & OLED televisions with diversifying functionality and electronic content imposes the need for increased bandwidth, capacitance, and energy density, thereby bolstering the segment growth.
By region, the Asia Pacific market accounted for a significant share in 2020 and is expected to grow at the highest CAGR in the following years. This is mainly ascribed to a robust presence of consumer electronic manufacturing companies in the region. Also, a surge in the demand for consumer electronics has been increasing, especially in the emerging countries of India, China, and others. A rise in purchasing power and emerging middle class further proliferate the regional market growth.
The COVID-19 outbreak has moderately affected the radial tantalum capacitors industry. This is mainly due to soaring coronavirus cases, implementation of stringent lockdown measures, and limited movement of people to curb the spread of the virus. The pandemic has adversely affected the consumer electronic sector which witnessed a halt in operations and limited workforce, which further impacted the growth.
Here is the list of the group of customers that the radial tantalum capacitors market hopes to have the greatest opportunity to convert-
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Kingtronics International (Hong Kong), Vishay (US), AVX (US), Kemet (US), Cornell Dubilier (US), Illinois Capacitor (US), Meritek Electronics Corp. (US), and NEC. (Japan) are among the key players in the radial tantalum capacitors market.
Extensive usage of tantalum alloys in aviation, gas turbine, and high-end automobiles as well as rising product adoption in the electronics & electrical sector are the factors driving the growth of radial tantalum capacitors market.
The consumer electronics segment is expected to register a healthy CAGR in the radial tantalum capacitors market in the coming years.
Asia-pacific is expected to grow at the highest CAGR in the radial tantalum capacitors market during the next five years.
Radial tantalum capacitors vendors, Radial tantalum capacitors retailers, Consumer electronic companies, Electronic companies are the target audience in the radial tantalum capacitors market.
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