The global discrete capacitors market is expected to be worth $28.9 billion by 2027.

Sailee23 Jun, 2021Business

The increasing popularity of IoT devices, as well as the increased use of sensors and capacitors, are expected to increase the use of sophisticated discrete capacitors with high capacitance. Furthermore, the growing trend of miniaturizing consumer electronic devices is expected to increase demand for these smaller and more technologically advanced capacitors. The global discrete capacitors market is expected to be worth $28.9 billion by 2027. Amid the COVID-19 crisis, the global Discrete Capacitors Market, estimated at US$22.8 billion in 2020, is expected to grow to US$28.9 billion by 2027, growing at a CAGR of 3.5 percent over the analysis period 2020-2027.