Surface Mount Device (SMD) Capacitors Market Report 2025

The surface mount device (SMD) capacitors market size has grown strongly in recent years. It will grow from $13.64 billion in 2024 to $14.8 billion in 2025 at a compound annual growth rate (CAGR) of 8.5%. The historical growth can be attributed to the expansion of the consumer electronics market, increased miniaturization of electronic parts, rising demand within automotive electronics, the growing need for energy-efficient solutions, and the expanding adoption of smart home technologies.

The surface mount device (SMD) capacitors market size is expected to see strong growth in the next few years. It will grow to $20.35 billion in 2029 at a compound annual growth rate (CAGR) of 8.3%. This anticipated expansion is driven by the rising demand for compact electronic devices, increased adoption of electric vehicles, wider deployment of 5G technology, escalating investments in renewable energy systems, and the growing proliferation of internet of things (IoT) devices. Key trends anticipated during the forecast period include improvements in capacitor technology, greater integration of surface mount device (SMD) capacitors within automotive systems, advances in manufacturing technologies, expanding applications in renewable energy, and enhanced incorporation of IoT devices.

The growing need for miniaturization in consumer electronics is set to drive the surface mount device (SMD) capacitors market further. Miniaturization in consumer electronics involves designing and producing electronic devices and components that are smaller, lighter, and more compact without sacrificing performance or functionality. A prime example is the smartwatch, which integrates functions typically performed by larger devices such as smartphones, fitness trackers, GPS units, and heart rate monitors into a small, wearable format. This trend is fueled by consumer preferences for portable and wearable gadgets like smartphones, smartwatches, and wireless earbuds, all of which require smaller, lighter components for enhanced comfort and convenience. Surface mount device (SMD) capacitors facilitate this miniaturization by offering compact and lightweight designs that support high performance in confined spaces, enabling advanced features and efficiency in contemporary devices. For instance, in March 2025, according to DemandSage, an India-based digital marketing and analytics firm, the global number of smartwatch users reached 454.69 million, marking a 41% increase from 323.99 million users in 2023. Consequently, the rising demand for miniaturization in consumer electronics is propelling the surface mount device (SMD) capacitors market growth.

Leading companies in the surface mount device (SMD) capacitors market are prioritizing the development of technologically advanced solutions, such as ultra-low 3mω equivalent series resistance (ESR) capacitors, to satisfy the requirements of high-performance electronic applications. Ultra-low 3mω ESR capacitors feature an extremely low equivalent series resistance of just 3 milliohms (mω). For example, in October 2023, Panasonic Holdings Corporation from Japan introduced the EEF-JZ/KZ/TX/TZ Series SP-CAP specialty conductive polymer aluminum electrolytic capacitors. These capacitors are engineered to deliver high endurance and large capacitance for use in high-temperature environments demanding compact and reliable components. This innovative surface mount device (SMD) capacitor offers a combination of high endurance, large capacitance, and ultra-low ESR in a compact form factor, ensuring dependable and space-saving performance in challenging high-temperature electronic applications.

In August 2022, KYOCERA AVX Components Corporation, a US-based manufacturer of electronic components, acquired the tantalum and polymer capacitor business assets from Japan’s ROHM Co. Ltd. for an undisclosed sum. This acquisition enables KYOCERA AVX to broaden its product range and enhance manufacturing capabilities for high-reliability capacitors, strengthening its standing in the global passive components market and boosting its ability to serve automotive, industrial, and consumer electronics sectors effectively. ROHM Co. Ltd. is recognized as a semiconductor manufacturer based in Japan, specializing in surface mount device (SMD) capacitors.

Major players in the surface mount device (smd) capacitors market are Panasonic Corporation, Avnet Inc., TDK Corporation, Kyocera Corporation, Murata Manufacturing Co. Ltd., Samsung Electro-Mechanics Co. Ltd., Vishay Intertechnology Inc., Taiyo Yuden Co. Ltd., Würth Elektronik eiSos GmbH & Co. KG, Nichicon Corporation, Darfon Electronics Corporation, Exxelia International SAS, Rubycon Corporation, Lelon Electronics Corp., Elna Co. Ltd., Samwha Capacitor Group, Cornell Dubilier Electronics Inc., Nippon Chemi-Con Corporation, Custom Electronics Inc., Anhui Safe Electronics Co. Ltd., Mallory Sonalert Products Inc., Aerovox Inc.

Asia-Pacific was the largest region in the surface mount device (SMD) capacitors market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in surface mount device (SMD) capacitors report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the surface mount device (SMD) capacitors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.

Surface mount device (SMD) capacitors are compact components designed to be placed directly onto the surface of printed circuit boards (PCBs) without the need for leads. These capacitors are widely used in modern electronics because of their small size and compatibility with automated assembly processes. Their primary functions include storing and releasing electrical energy, filtering signals, and stabilizing power supply voltages within electronic circuits.

The main types of surface mount device (SMD) capacitors include multilayer ceramic capacitors (MLCC), tantalum capacitors, aluminum organic capacitors, film capacitors, and electrolytic capacitors. Multilayer ceramic capacitors consist of multiple stacked ceramic layers that store and discharge electrical energy in circuits. These capacitors are classified by their capacitance values into four categories: low (1 pF to 100 nF), medium (100 nF to 10 µF), high (10 µF to 100 µF), and ultra-high (above 100 µF). They find applications across various industries such as consumer electronics, automotive, telecommunications, industrial equipment, and medical devices.

The surface mount device (SMD) capacitors market research report is one of a series of new reports that provides surface mount device (SMD) capacitors market statistics, including the surface mount device (SMD) capacitors industry global market size, regional shares, competitors with the surface mount device (SMD) capacitors market share, detailed surface mount device (SMD) capacitors market segments, market trends, and opportunities, and any further data you may need to thrive in the surface mount device (SMD) capacitors industry. These surface mount device (SMD) capacitors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The surface mount device (SMD) capacitors market consists of sales of niobium oxide capacitors, mica capacitors, glass capacitors, silicon capacitors and hybrid capacitors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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