How big is the Plastic Film Capacitors Market?

The Plastic Film Capacitors Market size is expected to reach USD 2.31 billion in 2024 and grow at a CAGR of 4.90% to reach USD 2.94 billion by 2029. Read More

What is the current Plastic Film Capacitors Market size?

In 2024, the Plastic Film Capacitors Market size is expected to reach USD 2.31 billion. Read More

Who are the key players in Plastic Film Capacitors Market?

Panasonic Corporation, Vishay Intertechnology Inc., TDK Corporation, AVX Corporation and KEMET Corporation (Yageo company) are the major companies operating in the Plastic Film Capacitors Market. Read More

Which is the fastest growing region in Plastic Film Capacitors Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Plastic Film Capacitors Market?

In 2024, the Asia Pacific accounts for the largest market share in Plastic Film Capacitors Market. Read More

What years does this Plastic Film Capacitors Market cover, and what was the market size in 2023?

In 2023, the Plastic Film Capacitors Market size was estimated at USD 2.20 billion. The report covers the Plastic Film Capacitors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Plastic Film Capacitors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Plastic Film Capacitors Market Trends

Market Trends of Plastic Film Capacitors Industry

Consumer Electronics is Expected to Hold Significant Market Share

The rapid surge in demand for consumer electronics products has boosted the market. Devices such as smartphones and tablets need small antennas capable of delivering high performance. These antenna systems demand capacitors with specific performance characteristics. Capacitors are critical components in antenna systems. The most general applications of capacitors in antenna systems include frequency tuning, impedance matching, and filtering. Capacitors for use in these applications must have prominent performance characteristics, including low leakage current, a high quality factor, and high linearity.
Numerous advancements in capacitor technology have been made to produce capacitors that meet the strict performance requirements of smartphone antenna systems. For instance, capacitor manufacturers use microelectromechanical systems (MEMS) technology to make ultra-small and thin capacitors for smartphone antenna systems.
According to the Consumer Technology Association, the retail revenue of the consumer electronics market in the United States constantly increased during the period from 2012 to 2021. Based on the projected retail sales for 2023, consumer electronics retail sales in the United States is expected to reach USD 485 billion.
Moreover, capacitors are commonly incorporated in the flash module of cameras. Camera flash capacitors are constructed to have low resistance and significantly low inductance to deliver their energy to the flash tube as fast as possible, achieving a fast rise time on the pulse of current. The internal connections are also made more robust to avoid localized heating due to the high current. Without the flash capacitor, the batteries located inside the digital cameras would drain quickly.
Furthermore, developments in wearable electronics, such as smartwatches, head-mounted displays, body-worn cameras, ear-worn devices, and fitness trackers, among others, drive innovations and the adoption of plastic film capacitors. For instance, capacitors are being widely used in wearable consumer electronics due to their wear and tear capability, which exhibits a loss of a few percentage points of energy performance after 10,000 cycles of charging and discharging.

Plastic Film Capacitors Market: Retail Revenue From Consumer Electronics Sales, In Billion USD, United States, 2019 - 2023

Understand The Key Trends Shaping This Market

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Asia-Pacific is Expected to Hold Significant Market Share

The Asia-Pacific region is one of the most important markets for capacitors. The automotive industry is increasing in China, and the country plays an increasingly important role in the global automotive market. The government views its automotive industry, including the auto parts sector, as one of the country's pillar industries. The government of China estimates that China's automobile output is expected to reach 30 million units by 2020 and 35 million units by 2025. This is expected to drive the studied capacitors' demand.
The popularity of EVs is growing, and China is regarded as one of the dominant adopters of electric vehicles. The country's 13th Five-Year Plan promotes the development of green transportation solutions, such as hybrid and electric vehicles, for advancements in the country's transportation sector.
According to data by the China Passenger Car Association (CPCA), sales of these new energy vehicles (NEVs) more than doubled in November and December of 2021, increasing full-year deliveries by 169% to a record 2.99 million units, or 14.8% of new sales in China, the world's largest vehicle market. This is anticipated to boost the country's adoption of plastic film capacitors.
According to the IEA, China was the undisputed leader in renewable growth, estimated to account for around 40% of its total clean energy mix by 2022. The country also surpassed its 2020 solar panel target.
Additionally, to promote the adoption of zero-emission vehicles, the New South Wales (NSW) state government in Australia introduced an Electric Vehicle Strategy in 2021 with funding totaling almost AUD 500 million. 8,688 electric vehicles were sold during the first half of 2021 in Australia. The country is witnessing a growing electric vehicle support infrastructure as well. Australia has more than 3,000 public chargers for electric vehicles. The country's EV market had 31 electric vehicle models, and by the end of 2022, it was estimated that there would be 58 electric vehicle models in the country.