Automotive High Voltage Electric Capacitor Market, By Polarization (Polarized, Non-Polarized), By Application & Forecast, 2024 – 2032

Automotive High Voltage Electric Capacitor Market Size

Automotive High Voltage Electric Capacitor Market was valued at USD 593.7 million in 2023 and will grow at a CAGR of 5.7% 2024 to 2032. Increasing advancements in autonomous driving technologies along with rapid adoption of electric vehicles across the globe is bolstering the product demand.
 

Favourable government policies and rising private investment promoting the adoption of autonomous driving technologies is further augmenting the market growth. For instance, in September 2024, Forterra received funding of over USD 75 million by various ventures to accelerate and scale the deployment of their autonomous driving system (ADS), AutoDrive, with defense and industrial customers.
 

Autonomous vehicles rely on advanced electronics and sensor systems for navigation and control, requiring high-performance electric capacitors to ensure reliable data transmission and energy storage. The growth of autonomous technologies is expected to propel capacitor demand. In addition, the increasing shift toward electric vehicles is driving demand for electric capacitors, which are essential for EV power management. Capacitors help enhance energy efficiency, reduce power losses, and support rapid charging systems in EVs, boosting their appeal to consumers and automakers.
 

Automotive High Voltage Electric Capacitor Market Trends

Increased focus towards fuel efficiency along with rapid growth in automotive electronics are the major driver of the market growth. Automakers are adopting electric capacitors in both EVs and internal combustion engine (ICE) vehicles to improve fuel efficiency. Capacitors enable efficient energy regeneration in hybrid vehicles and help reduce engine load, supporting stricter emission regulations and sustainability goals. In addition, the rising incorporation of infotainment systems, safety features like advanced driver-assistance systems (ADAS), and connectivity solutions in vehicles increases the need for high-quality capacitors. As automotive electronics become more sophisticated, the demand for electric capacitors continues to rise.
 

Automotive High Voltage Electric Capacitor Market Analysis

Based on polarization, the market is segmented into polarized & non-polarized. The non-polarized industry is projected to surpass USD 795 million by 2032. The increasing number and complexity of digital devices in vehicles coupled with advancements in their functionality and processing speed are showcasing significantly higher performance levels. This trend is driving the adoption of non-polarized capacitors, which offer faster response times compared to their counterparts, making them ideal for high-speed and advanced applications.
 

Based on material, the market is divided into film capacitors, ceramic capacitors, electrolytic capacitors, among others, where ceramic based capacitors industry is projected to grow by 5.5% till 2032. These capacitors provide a capacitance range from 1pF to 100µF and are available in two main types: ceramic disc and Multilayer Ceramic Capacitors (MLCC). Current trends emphasizing improved connectivity, mobility, and reliability across industrial, consumer, and military electronics are driving the evolution of this technology, leading to future advancements.
 

Asia Pacific automotive high voltage electric capacitor market is anticipated to surpass USD 386 million by 2032. The shift from lower-middle to higher-middle-class populations in key economies like China, India, Japan, and South Korea is boosting consumer spending. This change in consumption patterns toward discretionary items is boosting growth into automobile sector, thereby directly increasing the demand for capacitors.
 

In the U.S., the automotive high-voltage electric capacitor market is experiencing growth driven by the rapid expansion of electric vehicle (EV) adoption and advancements in energy storage systems. Increased investment in EV infrastructure along with government incentives promoting sustainable transportation is fuelling demand for high-performance capacitors.
 

Automotive High Voltage Electric Capacitor Market Share

Key players in the market, including ABB, KEMET Corporation, Murata Manufacturing Co., Ltd., Schneider Electric, Siemens, and TDK Corporation, prioritize research and development, making substantial capacity investments and leveraging cross-technology innovation. Additionally, several other companies are planning to revise their vertical integration strategies, aiming to optimize operations for greater cost efficiency.
 

Automotive High Voltage Electric Capacitor Market Companies

Some of the key market players operating across the industry are:

• ABB
• Cornell Dubilier
• ELNA CO., LTD
• Havells India Ltd.
• KEMET Corporation
• KYOCERA AVX Components Corporation
• Murata Manufacturing Co., Ltd.
• Panasonic Corporation
• SAMSUNG ELECTRO-MECHANICS
• Schneider Electric
• Siemens
• TAIYO YUDEN CO., LTD
• TDK Corporation
• Vishay Intertechnology, Inc.
• WIMA GmbH & Co. KG
• Xuansn Electronic
   

Automotive High Voltage Electric Capacitor Industry News

• In July 2024, KYOCERA AVX introduced 20 new KAM Series Automotive MLCCs. These compact, lightweight surface-mount components optimize board space and offer high capacitance values, reducing the number of required capacitors. This development supports automotive engineers in addressing the challenges associated with the growing complexity of electric vehicles (EVs), advanced driver assistance systems (ADAS), and automated driving systems (ADS).
   
• In March 2024, Izumo Murata Manufacturing, a subsidiary of Murata Manufacturing, began constructing a new production facility to meet the rising demand for multilayer ceramic capacitors in the medium and long term. This expansion is expected to positively influence the overall automotive high-voltage electric capacitor market.
   

Automotive high voltage electric capacitor market research report includes an in–depth coverage of the industry with estimates & forecast in terms of volume in ‘000 Units’ and revenue in ‘USD Billion’ from 2021 to 2032, for the following segments:

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Market, By Polarization

• Polarized
• Non-Polarized

Market, By Material

• Film Capacitors
• Ceramic Capacitors
• Electrolytic Capacitors
• Others

The above information has been provided for the following region & countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Austria
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • Kuwait
• Latin America
  • Brazil
  • Argentina
  • Chile