Chip Capacitors are used to store energy and can also be used
in distinguishing between high frequency and low-frequency signals which makes
them useful in electronic filters. Ceramic chip capacitors thus comprise
alternating layers of ceramic and metal.
Technically, class 1 ceramic chip capacitor offer higher stability and
low losses for resonant circuit applications whereas class 2 ceramic chip
capacitors enable high volumetric efficiency for buffer, and coupling
applications.
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Commercial driving factors
responsible for the growth of chip capacitors market include high adoption rate
across all sectors due to the need for increased energy efficiency across the
globe and the emergence of new technologies such as IoT, emergence of wearables
and the high demand for energy efficient devices. The proliferation of smart
gadgets and wearables, smart homes, automation and automated cars, the demand
for chip capacitors adds to the market growth.
Based on segmentation by type,
the chip capacitors market includes thermo-sensitive and pressure-sensitive.
Based on segmentation by application, the chip capacitors market includes
aerospace components, power supply, automotive and medical. Based on
segmentation by product, the chip capacitors market includes ceramic capacitor,
aluminum capacitor, paper & plastic AC & DC film capacitor and tantalum
capacitor.
Geographically, chip
capacitors market spans North America, Latin America, Europe, Asia-Pacific,
Middle-East and Africa. APAC regions dominate the global market owing to rise
original equipment manufacturers (OEM) and original design manufacturers in
APAC region. APAC market has a large base of automobile and industrial
equipment manufacturers resulting into growth in use of discrete capacitors for
automotive applications. Technological advances in the semiconductor technology
such as development of high-powered capacitors to meet needs of operations for
emerging technologies such as IoT is also expected to trigger the market growth
in APAC region.
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