Tantalum Capacitors Market

Tantalum Capacitors Market Outlook (2023-2033)

The tantalum capacitors market was valued at US$ 2,137.4 Mn in 2022, and is expected to grow to US$ 3,559.8 Mn by the end of 2033. The market for tantalum capacitors is estimated to valuate to US$ 2,249.2 Mn in 2023 and is predicted to grow at a CAGR of 6.4% from 2023 to 2033.

Tantalum capacitors demand is rising as 5G usage expands quickly. Additionally, the imminent replacement of solid capacitors with wet tantalum capacitors is probably going to present an opportunity. They are frequently used in place of aluminium electrolytes in military applications since they don't typically dry out or change capacitance over time. Additionally, military specifications versions of the tantalum capacitors have a larger operating temperature range and tighter tolerances (MIL-SPEC). These factors will cause the tantalum capacitors market to expand quickly throughout the course of the forecast.

In terms of the regional market landscape, the market in North America held a leading market share of 25.9% in the global landscape in 2022 and is expected to retain its leading position throughout the forecast period. Meanwhile, demand for tantalum capacitors in the Europe region held around 34.1% of the market in 2022.

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What Factors Influence Tantalum Capacitors Market?

“Increasing Demand for Customized Products”

The demand for individualised goods and services is no longer an exception as the world becomes more digital and connected. It has been noticed throughout time that consumers are becoming more interested in products with intricate design patterns. Tantalum capacitors' supply chain is entirely digital, making it ideal for producing things that aren't exactly what you had in mind. For instance, tantalum capacitors can be used to create items that customers have customised from online data repositories or developed themselves using web browsers. Tantalum capacitors technology demand is also being boosted by the ongoing rise in demand for goods with intricate designs.

• For instance, in March 2021, ROHM acquired association for business innovation in harmony with nature and community certification.
• For instance, in August 2020, the company released a new series of high-CV resin-molded, surface-mount tantalum chip capacitors with a miniature and low-profile facedown design optimized for automotive electronics applications. The new F98-AJ6 Series capacitors are currently available in miniature 0603 and 0805 chip sizes with maximum heights of just 1.0mm and 0.80±0.10mm, respectively, and feature facedown under-tab terminations designed to achieve high capacitance, high volumetric efficiency, and high PCB assembly densities and help conserve board space and reduce costs.

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What's Fueling China's Demand for Tantalum Capacitors?

In 2020, China held the largest market share for tantalum capacitors in East Asia. The growth in demand from end-use industries like aerospace, medical equipment, and electronics is what primarily propels the economy. The primary markets for tantalum in this nation are high-end military applications and capacitors. The tantalum capacitor market in China is extremely competitive. For reasons of cost management and strategic security, China has deliberately reduced its reliance on imported goods and fiercely promoted localization of high-end military goods, giving superiority and a supportive environment policy for the domestic military tantalum capacitor sector.

In 2022, the China tantalum capacitors market helped the country to account for a dominant share of 51.0% in the East Asia Market.

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How is India advancing in the market of tantalum capacitors?

The Indian government has adopted a number of initiatives to support the development of the local electronics manufacturing sector and exports from India. Additionally, in order to attain a revenue of roughly INR 26 trillion (US$ 400 Bn) by 2025, the National Policy on Electronics in 2019 aims to boost domestic manufacture and export in the full value-chain of electronics system design and manufacturing. In addition, India's manufacturing of electronics hardware climbed from US$ 65.53 billion in 2019 to US$ 73.78 billion in 2020.

For these reasons, India tantalum capacitors market is expected to grow at a CAGR of 12.8% for the forecast period.

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Why is the UK a consistent demand region for tantalum capacitors?

Due to increased consumer spending on electronics and a strong industry producing consumer electronics, the tantalum capacitor market in the UK is predicted to expand significantly. Furthermore, the development of the European market will be aided by ambitious government targets for emission reduction together with changing trends toward energy-efficient technologies. Federal tax breaks to encourage the use of renewable energy sources and expanding programmes to promote electric transportation would also help the business flourish. The demand for tantalum capacitors is expected to be further fuelled by ongoing residential and commercial construction projects made possible by an increase in daily reliance on technology.

Due to these factors, the market for tantalum capacitors market in UK is expected to grow significantly between 2023 and 2033, with a CAGR of almost 8.8%.

Category-wise Insights

How are High Growth Opportunities for Tantalum Capacitor Manufacturers Being Created by the Consumer Electronics Sector?

The consumer electronics market for tantalum capacitors will expand due to the rising popularity of digital cameras, computers, and smartphones, as well as their quick replacement cycles. The introduction of new technologies, such as 4K and OLED televisions, with their expanding functionality and electronic content calls for higher capacitance, bandwidth, and energy density, which encourages consumer acceptance of the product. Due to their compact size and long-lasting stability, they are also frequently employed for power supply filtering on computer motherboards and mobile phones, most frequently in surface mount form. Additionally, several industrial sectors continue to use tantalum capacitors with polymer cathode systems. This technology was first used in consumer electronics, where it was quickly adopted for use in desktop and laptop computer applications.

For this reason, consumer electronics segment is expected to grow at a CAGR of 4.4% over the forecast period 2023-2033.

How will the need for polymer tantalum capacitors be impacted by technological advancements?

The development of novel techniques and materials to introduce an entirely new generation of passive devices is being increasingly invested in, according to the global demand for passive components. This includes financial commitments to technology advancements and manufacturing equipment. Polymer tantalum capacitors are renowned for their outstanding stability and dependability over a broad temperature and frequency range. They also have volumetric efficiency that breaks records. When failure is not an option or high performance technologies are used, polymer tantalum is the capacitor of choice. Additionally, the tantalum oxide film medium in the polymer tantalum capacitor is corrosion resistant in addition to being able to retain good performance for an extended period of time. These characteristics are predicted to accelerate the market expansion for polymer tantalum capacitors.

For these reasons, polymer tantalum capacitors segment accounted for the market share of 34.0% for the year 2022 by type segment.

Competitive Landscape

Companies that manufacture tantalum capacitors are anticipated to exhibit a significant growth trend and take advantage of the opportunities the worldwide market presents in order to support business growth and revenue generation.

• For instance, in August 2020, KEMET Corporation launched new tantalum stack polymer (TSP) O 7360-43 and the 82uF/75V rated voltage extension in polymer hermetically sealed. The TSP series is designed to provide the highest capacitance/voltage (CV) ratings in surface mount device (SMD) capacitors with its innovative stacking construction. These new capacitors are well suited and sized for use in high voltage power management applications such as buck boost converters, filtering, hold-up capacitors, and other high ripple current applications.
• For an instance, in October 2020, Vishay Intertechnology, Inc. announced the acquisition of the U.S. assets of Applied Thin-Film Products, a California-based, privately-held manufacturer of custom, build-to-print thin film substrates for the microwave, fiber optic, and life science industries.

Recent developments related to key players providing tantalum capacitors market solutions have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.

Tantalum Capacitors Report Scope

Key Segments of Tantalum Capacitors Market Industry Research

By Type:

• Solid Tantalum Capacitors
• Wet Tantalum Capacitors
• Polymer Tantalum Capacitors

By Mounting:

• Surface Mount
• Leaded/Through-hole

By Application:

• Medical Devices
• Consumer Electronics
• Military & Aerospace
• Automotive
• Industrial
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia Pacific
• Middle East and Africa