Chip Capacitors Market, By Product Type (Pressure-sensitive, Thermosensitive), Application (Power Supply, Aerospace Components, Automotive, Medical, Others), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, South Korea, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Chip Capacitors Market, By Product Type (Pressure-sensitive, Thermosensitive), Application (Power Supply, Aerospace Components, Automotive, Medical, Others), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK...
Chip capacitors are manufactured as integrated circuit devices. A chip capacitor consists of a ceramic dielectric, a metal outer electrode, and a metal inner electrode. Based on product type, chip capacitors can be categorized as pressure-sensitive and thermosensitive capacitors.
The growth of the chip capacitors market is primarily driven by its widespread use in aerospace components, electronics, and automobiles among others. The growing automotive industry with increased production of passenger vehicles is likely to drive the growth of the global chip capacitor market at a significant rate during the review period. Expanding the aerospace industry in developing countries is expected to augment the market growth further. In addition to this, increasing demand for advanced chip capacitors is likely to create lucrative opportunities for the players operating in the global market in the coming years.
The COVID-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the chip capacitors market negatively as the imposition of a complete lockdown and restrictions on trade affected the supply of the product for a short period.
Key Players
Key players operating in the Chip Capacitors market are-
ETRON (Taiwan)
Murata Manufacturing Co., Ltd. (Japan)
TT Electronics Plc (UK)
Viking Tech Corporation (US)
Rohm Semiconductor (Japan)
Yageo Corporation (Taiwan)
Samsung Electro-Mechanics (South Korea)
TDK Corporation (Japan)
Kyocera Corporation (Japan)
Taiyo Yuden Co., Ltd. (Japan).
Note: The above list does not necessarily include all the top players of the market.
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Segments' Analysis
Application Insights
"The automotive segment accounted for the largest market share."
By application, the chip capacitors market has been bifurcated into power supply, aerospace components, automotive, medical, and others. Under these, the automotive segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. This can be attributed to increasing vehicle production in developing countries.
Regional Trends
"Asia-Pacific accounted for the largest market share."
By region, the market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to expanding industrialization in developing countries particularly China and India coupled with the rising per capita disposable income of the consumers. The market growth in the North American region is expected to be driven by the established presence of end-use industries and the presence of key market players such as Viking Tech Corporation (US).
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Market segment analysis and forecast
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Chip capacitors distributors, Chip capacitors suppliers, Chip capacitors manufacturers, Logistics organizations, Government bodies are the target audience in the chip capacitors market.