As per this study the Global Automotive Supercapacitor Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
A supercapacitor is an advanced form of capacitor that is capable of holding a large amount of electric charge at a time. It has several characteristics such as long shelf life, high power density, fast charging function, etc. These characteristics find applications in automotive systems such as start-stop, light, ignition, kinetic energy recovery, adaptive suspension, electric, hybrid vehicle drive support, and others.
The rising application of supercapacitor within the automotive industry coupled with electrification of the vehicle is driving the automotive supercapacitor market growth. Moreover, technological advancements in the automobile industry along with rising investments by manufacturers on R&D pertaining to the enhancement of supercapacitors are further propelling the market growth. However, lack of awareness regarding supercapacitor utilization, and low price of substitutes such as conventional batteries is expected to hinder the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis, and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of an automotive supercapacitor.
The broad automotive supercapacitor market has been sub-grouped into product type, industry, and channel. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product Type
- Electrochemical Double Layer Capacitor (EDLC)
- Hybrid Capacitor
- Passenger Vehicle
- Commercial Vehicle
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for automotive supercapacitor in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Automotive Supercapacitor Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the automotive supercapacitor market include AVX, ELNA, Ioxus, Korchip, LS Mtron, Maxwell, NEC TOKIN, Nesscap, Nippon Chemi-Con, Panasonic and others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.