Potential growth for ceramic capacitors

Demand for ceramic capacitors is increasing across industry verticals such as consumer electronics, automotive, telecommunications, and energy and power, among others.

The global ceramic capacitors market is expected to reach a total market size of almost $9.2 billion in 2023, rising from $6.1 billion in 2017 at a CAGR of 6.94% throughout the forecast period, according to a report by Knowledge Sourcing Intelligence. Ceramic capacitors are growing in popularity due to improvements in efficiency; demand is increasing across industry verticals such as consumer electronics, automotive, telecommunications, and energy and power, among others.

Growing automotive production worldwide, coupled with rising disposable incomes and improvements in standards of living, will further add to the growing demand for ceramic capacitors. The Asia-Pacific region will witness substantial growth over the forecast period due to growing popularity among end-users.

Courtesy: www.knowledge-sourcing.com