Silicon Capacitors Market Size

Silicon Capacitors Market Analysis

The Silicon Capacitors Market is expected to register a CAGR of 6.10% during the forecast period(2024-2029).

The trend of miniaturization in the electronics industry is steadily increasing, creating opportunities for silicon capacitor manufacturers. Because of their low failure risk and temperature stability in various electronic devices, silicon capacitors are expected to gain even more popularity.

• The rising penetration of miniaturized electronic devices, the automotive industry, and the growing demand for thin-film transmission lines with high RF (radio frequency) performance are driving market growth. Furthermore, according to IBEF, the Indian automotive enterprise is targeting to increase the export of vehicles by five times during 2016-26. In FY22, total automobile exports from India stood at 5,617,246.
• According to IBEF, the government set a target to get USD 2.4 billion in investments in the electronics manufacturing segment by 2022. Further, the Indian government's National Policy on Electronics aims to facilitate a turnover of USD 400 billion in domestic manufacturing by 2025. Government initiatives to increase the electronics sector may further drive the studied market's growth.
• Moreover, many firms are concentrating on technical developments in silicon capacitors and investing in research and development to expand electronics products for harsh environments, further driving market growth in future periods.
• For instance, in April 2022, ELOHIM, a South Korean high-tech silicon capacitor semiconductor R&D company, partnered with a global company to develop an ultra-small, high-density silicon capacitor for 5G applications. The company plans to use 5G smart devices as a starting point to expand its application areas to autonomous driving and artificial intelligence. Technological developments in silicon capacitors may further drive market growth.
• Furthermore, Semiconductor Manufacturing International Corp. (SMIC) recently announced plans to invest USD 8.87 billion in building a semiconductor plant in Shanghai. Additionally, the business will focus on integrated circuit foundries and technology services for 28 nanometer and higher process modes thanks to a joint venture with LingangFTZ, in which SMIC owns a majority stake in. These expansions by the vendors are expected to drive the study market.
• Moreover, the silicon capacitor market registered a drop in growth due to the COVID-19 pandemic. The government's restriction on mobility caused a brief halt to significant manufacturing activities in end-user verticals, which had an impact on the demand for silicon capacitors. Industries highly dependent on China for raw materials experienced a severe downfall in their business owing to the disruption in the raw material supply chain. However, many of these effects are short-term. Precautions and safeguards by governments worldwide to support the automotive and semiconductor sectors could help revive industry growth.