NEW YORK, May 11, 2021 /PRNewswire/ — Technological improvements have been gaining significant traction in tantalum capacitors over the past couple of years. As a result, tantalum capacitors are used in a wide variety of circuits, electronic gadgets, automotive industry, cell phones, and others, most often in the form of Surface Mounted Devices (SMDs). Very less space is claimed by these surface mount tantalum capacitors on printed circuit boards, which allows for greater packing densities.
With rapid increase in the use of electronic gadgets, demand for capacitors is also increasing, thereby promoting growth of the market. Tantalum capacitors have numerous applications because of their long-term stability, high capacity, reliability, and low leakage current. Hence, they are used in sample and hold circuits, medical devices, audio amplifiers, and also for power supply filtering on motherboards of electronic gadgets such as laptops and cell phones
The global tantalum capacitors market is estimated to register a CAGR of around 6% during the forecast period (2021-2031).
Key Takeaways from Market Study
- Demand for wet tantalum capacitors is projected to grow at a significant rate over the forecast period, owing to their superior features such as volumetric efficiency, high reliability, electrical stability over a wide temperature range, and long service life.
- Surface mount capacitors are expected to hold a majority of the market share. However, over the coming years,…