The global silicon capacitors market size was valued at US$ 1.6 Bn in 2022
It is estimated to expand at a CAGR of 5.3% from 2023 to 2031 and reach US$ 2.6 Bn by the end of 2031
Silicon capacitors are gaining traction across telecom and automotive industries with a potential rise in demand due to the growing popularity of the miniaturization trend in these industries. This trend is expected to create new lucrative opportunities for silicon capacitors manufacturers. Major players are focusing on technological advancements in silicon capacitors to cater to the increased demand for ceramic capacitors and consequently, this may help replace ceramic capacitors in the coming years. Presently, key players are emphasizing on expansion of their operations across the world in order to increase their customer base and gain silicon capacitor market share.The role of silicon capacitor in the 5G network infrastructure is crucial, as it is a necessary component that can support high data rates, low latency, and reliable connectivity. Moreover, Asia Pacific is home to large number of well-established players and end-users who contribute significantly to the silicon capacitors market growth in the region. Consolidation (mergers & acquisition) and new product development in the market are expected to increase during the forecast period with large players likely to have a comparatively strong hold on the market by 2031.
Electrostatic capacitors with a single MIM (metal-insulator-metal) or multiple MIM structures are the most popular type of silicon-based capacitors. However, alternative dielectric materials can be formed on top of silicon substrate using semiconductor-manufacturing processes such as atomic layer deposition (ALD). Silicon dielectrics are typically silicon dioxide (MIS) or silicon nitride (MOS) insulating layers. Applications that require a high degree of stability, reliability, and tolerance to high temperatures are suitable for capacitors using silicon dielectrics.
Silicon capacitors are appropriate for high-speed digital circuits owing to their excellent operating frequency range. They are highly suited for all demanding applications, including those in the aerospace, medical, telecom, industrial, and high-reliability industries since they have a wide operating temperature range and exceptional long-term stability.
Rise in Adoption of Silicon Capacitors for Harsh Environment Applications in Aerospace & Defense Sectors
Silicon capacitors are a good option for use in diverse, severe environment applications, including aerospace and defense, owing to their higher performance attributes. This is mostly because military and defense electrical components must endure incredibly demanding environments throughout their lifetime.
Moreover, growing economies, such as India, China, and South Korea, are focusing on the launch of satellites into orbit. Thus, continuous development in the space sector of emerging economies is creating lucrative growth opportunity for manufacturers of different types of silicon capacitors due to rapid adoption of silicon capacitors in satellite communication applications.
Recent trends indicate that defense & aerospace applications are continuously focusing on reducing feature sizes, while targeting higher reliability over performance, thereby enhancing functionality and the overall content of electronics. Silicon capacitor manufacturers have undertaken significant developments in capacitor manufacturing technology in order to cater to the increasing demand for silicon capacitors from different aerospace and defense applications worldwide.
Silicon capacitors are extensively used in aircraft engine controls, and avionics systems, which is driving the silicon capacitor market demand. Furthermore, manufacturers of aerospace and defense components are following silicon capacitor market trends and emphasizing on component miniaturization.
Surge in Demand for Silicon Capacitor-based Medical Devices
Silicon capacitors can fulfill the demands of different high reliability medical applications such as implantable devices (defibrillator, pacemaker, etc.). Medical device manufacturers are increasingly adopting silicon capacitors in medical products to restrict leakage and increase product performance and longevity.
Manufacturers of implantable medical systems, such as neuro stimulators, artificial retinas, cochlar implants or pacemakers, prefer the silicon capacitor owing to its unprecedented level of electrical performance. Thus, increase in adoption of silicon capacitor across implantable neuro-stimulators, active prosthesis (artificial heart, electronic retina, mechanical limb prosthesis), and life support equipment is fueling the global silicon capacitor industry.
Silicon capacitors are increasingly being used in implantable medical systems, such as artificial retinas, cochlar implants and other medical equipment, which is creating lucrative silicon capacitor market opportunities for manufacturers. Murata Manufacturing Co., Ltd. offers its MGSC Series medical grade capacitor for all critical implantable devices and life support solutions. These capacitors have very low leakage current, which enables them to enhance the performance of battery-based medical devices and increase their life.
High Demand for MOS Capacitors
In terms of technology, the global silicon capacitors market segmentation comprises MOS Capacitors, and MIS Capacitors. The MOS capacitor segment is projected to expand at a CAGR of 5.5% during the forecast period owing to few of its beneficial features such as ultra-low insertion loss, high stability of capacitance value over temperature, voltage and aging, and high reliability. MOS silicon capacitors are widely used across telecom, automotive, aerospace and consumer electronics industries.
The MOS capacitor has a high capacitance density; therefore, it can store a larger amount of charge per unit area, as compared to other types of capacitors. Moreover, MOS capacitors can be made much smaller than other types of capacitors, due to their high capacitance density, making them ideal for microelectronics applications. Moreover, these capacitors are used in application such as hybrid assemblies, low pass LC, RC, LRC lumped filter, impedance matching, etc.
According to the region-wise silicon capacitors market analysis, Asia Pacific accounted for 54.3% share of the global market owing to the presence of key market players, technological advancements, and countries, such as the China and Japan who are offering ample and lucrative opportunities for manufacturers on a long-term basis in the region. Consumer electronics and passive components manufacturers are continuously focusing on business expansion in the electronic markets across Asia. Thus, Asia Pacific is home to the largest electronics industry cluster in the world. Moreover, growing industrial automation, acceptance of electric vehicles, control and protection systems, and adoption of renewable resources in Asia further fuels the demand of silicon capacitors in the region.
An in-depth analysis of the silicon capacitor market research report further reveals that North America held the second-largest share of the global market due to increase in research & development activities and rise in demand for silicon capacitors, especially from aerospace & defense, automotive, and telecommunication industries in the region. The U.S. accounted for 86.2% share, in terms of value, of the North America market.
Middle East & Africa is a larger consumer of silicon capacitors as compared to South America; however, the market in Middle East & Africa is estimated to expand at a rapid pace as compared to the market in South America.
Analysis of Key Players
As per the global silicon capacitors industry analysis, a small number of large-scale vendors control majority of market share. A majority of firms are spending significantly on comprehensive research and new product development. Expansion of product portfolios and mergers and acquisitions are notable strategies adopted by the major companies in the industry. Murata Manufacturing Co., Ltd., KYOCERA AVX Components Corporation, Microchip Technology Inc., Vishay Intertechnology, Inc., Skyworks Solutions, Inc., MACOM Technology Solutions Holdings, Inc., Viking Tech Corporation, ELOHIM Inc., Empower Semiconductor, Massachusetts Bay Technologies, and SemiGen, Inc. are the prominent entities operating in the market.
Key Developments in Global Silicon Capacitors Market
In March 2023, Murata Manufacturing Co., Ltd. expanded its silicon capacitor manufacturing facilities by adding 200mm mass production line in France. This manufacturing facility is used for demanding applications such as smartphones, telecommunication infrastructures, and implantable medical systems.
In April 2022, ELOHIM, a South Korea-based silicon capacitor semiconductor R&D company, developed an ultra-small size, high-density silicon capacitor for 5G applications. The company also plans to expand the application area of this capacitor to autonomous driving and artificial intelligence.
In June 2021, Murata Manufacturing Co., Ltd. extended its product offering with the use of its latest silicon process technology to fabricate silicon capacitors with a density of 1.3µF/mm² for mobile and high-performance computing (HPC) markets.
Key players in the silicon capacitors market report have been profiled based on parameters such as company overview, financial overview, product portfolio, business segments, business strategies, and recent developments.