Increasing electrification of vehicles and the rising demand for electric vehicles (EVs) and hybrid electric vehicles (HEVs) are expected to drive market expansion in the near future at a CAGR of 3.60% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published on the “Global Automotive Capacitors Market”.

The Automotive Capacitors market is estimated to register a CAGR of 3.60% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Automotive Capacitors market— Murata Manufacturing, Nichicon, AVX Corporation, Kemet, Panasonic, Samsung Electro-Mechanics, TDK Corporation, Vishay Intertechnology, Nippon Chemi-Con, and Infineon Technologies.

Market Highlights

The global Automotive Capacitors market is accounted to register a CAGR of 3.60% during the forecast period and is estimated to reach USD 25.98 billion by 2032.

The automotive capacitors market is experiencing noteworthy growth, propelled by the increasing integration of advanced electronic systems in vehicles, including electric and hybrid vehicles. Capacitors play a pivotal role in supporting the evolving automotive landscape, from energy storage in electric drivetrains to providing reliable power for sophisticated infotainment and safety systems. Technological advancements, such as the development of high-performance capacitors capable of withstanding the stringent requirements of automotive applications, contribute to market expansion. Additionally, the automotive industry's focus on lightweight and compact components further fuels the demand for innovative capacitor solutions, influencing the market's dynamic trajectory.

Segment Analysis

The global Automotive Capacitors market has been segmented based on product and application.

On the basis of product, the market is segmented into Aluminum, Ceramic, Tantalum, Paper and Film, Supercapacitor and Others. The aluminum segment was attributed to holding the largest market share in 2022 due to its advantageous characteristics that align with the demanding requirements of modern vehicle electronics.

Based on application, the global Automotive Capacitors market has been segmented into Passenger Cars and Commercial Cars. The passenger cars segment was expected to hold the largest market share in 2022 due to its extensive use of advanced electronic systems and increasing electrification.

Regional Analysis

The global Automotive Capacitors market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The European automotive Capacitors market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Automotive Capacitors market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Automotive Capacitors market comprises the Middle East, Africa, and Latin America.

The largest market share for Automotive Capacitors was maintained by the North American regional sector. This increase is attributed to the region's robust automotive industry, characterized by a high demand for advanced electronic systems in vehicles, including electric and hybrid cars. The increasing adoption of electric vehicles (EVs) and the integration of advanced driver-assistance systems (ADAS) contribute to the heightened demand for capacitors to support energy storage and efficient electronic operations. Moreover, stringent emission standards and a focus on fuel efficiency propel the need for advanced capacitor technologies in automotive applications across North America.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for Automotive Capacitors is driven by the region's commitment to stringent emission standards and the increasing adoption of electric vehicles, where capacitors play a vital role in energy storage and management within electric drivetrains.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period due to the region's leading position in automotive manufacturing and the increasing adoption of electric vehicles, which intensifies the demand for advanced capacitors to support energy storage, power management, and electronic components in vehicles. The robust growth of the automotive industry, particularly in countries like China and India, further contributes to the rising need for high-performance capacitors to meet the evolving technological requirements of modern vehicles.

Furthermore, the rest of the world's Automotive Capacitors market is divided into the Middle East, Africa, and Latin America. The growth is attributed to the region's increasing automotive production and the adoption of advanced electronic systems in vehicles, emphasizing the demand for capacitors that support enhanced safety features, connectivity, and energy-efficient technologies.

Key Findings of the Study

• The global Automotive Capacitors market is expected to reach USD 25.98 billion by 2032, at a CAGR of 3.60% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the region's robust automotive manufacturing industry, rapid electrification initiatives, and the increasing adoption of electric and hybrid vehicles across major economies.


• Based on application, the passenger cars segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.


• Murata Manufacturing, Nichicon, AVX Corporation, Kemet, Panasonic, Samsung Electro-Mechanics, TDK Corporation, Vishay Intertechnology, Nippon Chemi-Con, and Infineon Technologies are the key market players.