Radial Tantalum Capacitors Market Report

Market Insights

The Radial Tantalum Capacitors Market is estimated to grow from USD xx million in 2020 to USD xx million by 2026 at a healthy CAGR of xx% during the forecast period.

Figure: Radial Tantalum Capacitors Market Size, 2020-2026 (USD Million)

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What is a tantalum capacitor?

A tantalum electrolyte is an electrolytic capacitor, a passive component of electronic circuits. It comprises a pellet of porous tantalum metal as an anode, which is roofed by an insulating oxide layer that forms the dielectric, surrounded by solid or liquid electrolyte as a cathode. A radial tanta-lum capacitor may be a radially mounted capacitor.

Key Players

Key players operating in the radial tantalum capacitors market are-

• Kingtronics International (Hong Kong)
• Vishay (US)
• AVX (US)
• Kemet (US)
• Cornell Dubilier (US)
• Illinois Capacitor (US)
• Meritek Electronics Corp. (US)
• NEC. (Japan).

Market Dynamics

Extensive usage of tantalum alloys in aviation, gas turbine, and high-end automobiles as well as rising product adoption in the electronics & electrical sector are some of the key factors augmenting the market growth in the coming years. In addition, 5G is significantly growing, the need for tantalum increases. The replacement of solid capacitors with wet tantalum capacitors is expected to create lucrative opportunities for industry players during the forecast timeline.

Segments' Analysis

Application Trends

Based on application, the radial tantalum capacitors market is categorized into medical, automotive, consumer electronics, and others. The consumer electronics segment held a significant market share in 2020 and is estimated to register a healthy CAGR during the forecast timeline. This is mainly attributed to surging demand for laptops, digital camcorders, and smartphones, along with their short replacement cycles. The emergence of new technologies such as 4K & OLED televisions with diversifying functionality and electronic content imposes the need for increased bandwidth, capacitance, and energy density, thereby bolstering the segment growth. 

Regional Trends

By region, the Asia Pacific market accounted for a significant share in 2020 and is expected to grow at the highest CAGR in the following years. This is mainly ascribed to a robust presence of consumer electronic manufacturing companies in the region. Also, a surge in the demand for consumer electronics has been increasing, especially in the emerging countries of India, China, and others. A rise in purchasing power and emerging middle class further proliferate the regional market growth.

COVID-19 Impact on Radial Tantalum Capacitors Market

The COVID-19 outbreak has moderately affected the radial tantalum capacitors industry. This is mainly due to soaring coronavirus cases, implementation of stringent lockdown measures, and limited movement of people to curb the spread of the virus. The pandemic has adversely affected the consumer electronic sector which witnessed a halt in operations and limited workforce, which further impacted the growth.

Critical Questions Answered in the Report

• What are the key trends in the global radial tantalum capacitors market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the radial tantalum capacitors market?
• What are the key strategies adopted by the major vendors to lead in the global radial tantalum capacitors market?
• What is the market share of the top vendors?

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Target Audience

Here is the list of the group of customers that the radial tantalum capacitors market hopes to have the greatest opportunity to convert-

• Radial tantalum capacitors vendors
• Radial tantalum capacitors retailers
• Consumer electronic companies
• Electronic companies

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