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Automotive High Voltage Electric Capacitor Market Size

Report ID: GMI11413
Published Date: Sep 2024
Report Format: PDF

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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.

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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.

Automotive High Voltage Electric Capacitor Market Report Attributes
Report Attribute	Details
Base Year:	2023
Automotive High Voltage Electric Capacitor Market Size in 2023:	USD 593.7 Million
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	5.7%
2032 Value Projection:	USD 947.9 Million
Historical Data for:	2021 - 2023
No. of Pages:	120
Tables, Charts & Figures:	15
Segments covered:	Polarization, Material, & Region
Growth Drivers:	Rising growth across automotive electronics Expanding autonomous driving technologies & EV adoption
Pitfalls & Challenges:	Supply chain disruptions

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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.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

Automotive high voltage electric capacitor industry size was valued USD 593.7 million in 2023 and will grow at a 5.7% CAGR between 2024 and 2032, fueled by increasing adoption of hybrid and electric vehicles, coupled with stringent environmental regulations aimed at reducing emissions.

The ceramic based capacitors segment will grow at 5.5% CAGR through 2032, driven by their superior properties such as high thermal stability, excellent dielectric performance, and compact size.

Asia Pacific automotive high voltage electric capacitor industry will surpass USD 386 million by 2032, attributed to its robust automotive manufacturing sector and rapid growth in electric vehicle adoption.

Major manufacturers operating in the automotive high voltage electric capacitor 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, and Schneider Electric, among others.