High Adoption in Communication Devices to Influence Market Growth

The electronic space has evolved at a rapid pace in the past couple of decades. Rapidly changing industrial requirements, widening applications of electronic components, advancements in technology, and improvements in accuracy and precision provided by modern-day electronic components are some of the factors that have triggered the evolution of electrical and electronics sectors. The demand for trimmer capacitors, which are also known as variable capacitors, has witnessed a steady growth in the past few years. This factor is expected to drive the trimmer capacitor market during the forecast period (2019-2027). Trimmer capacitors are primarily used in circuits that require precise frequency levels and thus, are used in radio frequency (RF) equipment, oscillators, and communications equipment.

Stakeholders in the trimmer capacitor market are continually launching ultra-thin trimmer capacitors that make use of negligible amount of plastic. Moreover, trimmer capacitor manufacturers are also swaying toward the production of advanced trimmer capacitors that are free form harmful materials, such as lead. In applications that require high precision and accuracy, trimmer capacitors that use glass, quartz, or sapphire are preferred, owing to desirable tuning sensitivity, stability, and improved efficiency. Due to these factors, the trimmer capacitor market is projected to reach a market value of ~US$ 936 Mn by the end of 2027.

trimmer capacitor market infographic

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High Adoption of Trimmer Capacitors in Implantable Medical Devices

Trimmer capacitors are one of the most critical components used in a host of electronic systems, such as consumer electronics, electrical vehicles, and medical devices. Over the past decade, trimmer capacitors have been increasingly used in non-life supporting and life-supporting medical devices. At present, a range of implantable medical devices are being utilized to perform an array of treatments wherein capacitors are used. However, capacitors that are specifically used in implantable medical devices, trimmer capacitors are required to be reliable, small in size, and have a large capacity.

Trimmer capacitors are extensively used in a range of implantable devices such as cardioverters, defibrillators, artificial cochlea, gastric stimulators, insulin pumps, and pacemakers, among others. Stakeholders in the trimmer capacitor market are focused on the development of trimmer capacitors that are durable and have a significantly longer service cycle. However, trimmer capacitors that are used in life-sustaining medical devices need to adhere to stringent control requirements and are required to undergo a series of screening processes.

Trimmer capacitors have emerged as one of the most crucial components of non-implantable and implantable medical devices. Furthermore, to fulfill the growing demand for capacitors with improved performance and high reliability, manufacturers are leveraging advanced manufacturing technologies and testing methodologies. As far as the changes in design and raw materials are concerned, medical grade capacitor manufacturers are required to gain approval for their products from regulatory bodies such as the FDA. Within the trimmer capacitor market, applications of trimmer capacitors in medical devices are likely to generate high revenues.

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Stakeholders Eye Product Launches to Gain Advantage

Over the past decade, the demand for trimmer capacitors with improved reliability, performance, and smaller sizes has grown at a consistent pace. In the current market landscape, manufacturers are likely to focus on product innovation and expanding their product portfolio to meet these demands.

For instance, in September 2018, Murata Manufacturing Co., Ltd., launched a new NFC trimmer capacitor with enhanced voltage resistance and functional capabilities. The new product was primarily developed for applications in card readers that are integrated with an NFC function. Similarly, in August 2019, Passive Plus Inc. launched a new range of Air Tubular Trimmer Capacitors that are developed in accord with the required standards and have the desirable adjustment and mechanical precision. Product innovations will continue to gain significant momentum during the assessment period, owing to evolving end user requirements and regulatory standards.

Demand for both, single-turn trimmers and multi-turn trimmers is expected to grow at a steady pace during the assessment period. However, demand for single-turn trimmers is projected to outpace the demand for multi-turn trimmers during the forecast period.

trimmer capacitor market segmentation

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Analysts’  Viewpoint

The trimmer capacitor market is expected to grow at a CAGR of 3.5% during the forecast period. The moderate market growth can be attributed to the soaring demand for trimmer capacitors to develop communications equipment, medical devices, radiofrequency equipment, etc. Stakeholders in the trimmer capacitor market should align their operations in accord with evolving end-use requirements and regulatory standards. Moreover, manufacturers in the trimmer capacitor market should also invest resources in R&D to introduce innovative products that fulfill the requirements of end users. On the regional front, North America and Asia Pacific will remain the most prominent regions, owing to dwindling prices of raw materials in Asia and adoption of advanced manufacturing techniques across North America.

Trimmer Capacitor Market: Overview

  • According to Transparency Market Research’s latest report on the global trimmer capacitor market for the base year 2018 and the forecast period of 2019-2027, the global market is expected to expand at a moderate rate during the forecast period, owing to the large number of applications of trimmer capacitors in communication devices
  • In terms of revenue, the global trimmer capacitor market is estimated to reach value of ~US$ 710 Mn by the end of 2019 and is expected to expand at a CAGR of 3.5% during the forecast period

Miniaturization of Electronic Products: A Key Driver

  • Manufacturers are providing ultra-small and thin trimmer capacitors with a unique construction and without use of plastic material, which provide superior soldering heat resistance maintaining excellent performance even after soldering. Manufacturers are also focusing on producing small-sized trimmer capacitors free from lead and other harmful materials.
  • Miniaturized trimmer capacitors are best to be used in communication devices and their components such as Bluetooth devices, crystal oscillators, crystal filters, hand radios, miniature tuner packs (in FM radios and TV sets), remote keyless entry systems, and pagers
  • Growing trend of miniaturization of electronic components and devices and rising use of trimmer capacitors in various electronic products are expected to drive the global market for trimmer capacitors during the forecast period

Increasing Use of Trimmer Capacitors in Communication Devices: A Key Factor Propelling Market for Trimmer Capacitors

  • Trimmer capacitors and variable inductors play a major role as key components of a wireless system and they can be employed in frequency-based circuits. Diverse applications of tunable capacitors such as filters, voltage-controlled oscillators, and super-heterodyne transceivers make them important for use in communication devices.
  • As the technology advances, electronic products differ in the voltage and current consumption. This issue can be resolved by using trimmer capacitors. Thus, increasing use of trimmer capacitors in various consumer electronics product is expected to boost the global market for trimmer capacitors during the forecast period.

Reduced Performance Led by Sensitivity to Atmospheric Conditions to be a Major Challenge for Trimmer Capacitor Market

  • The performance of trimmer capacitors is affected by several atmospheric conditions and various designing issues. Atmospheric factors, such as temperature, humidity and barometric pressure, affect the dielectric material of the trimmer capacitor, which can affect the performance of the trimmer capacitor. Moreover, any factor that affects the dielectric, electrode geometry, or electrode positioning in trimmer capacitors affects the device capacitance.
  • Moreover, there can be several designing issues in trimmer capacitors. Since a trimmer capacitor is not a sealed device, dirt and other contaminants can enter the device, which degrades performance of the capacitor.
  • These capacitors cannot be used under direct sunlight, which can cause changes in the temperature of capacitors, thereby directly affecting the performance and the capacitance value. These disadvantages of trimmer capacitors are hampering the global trimmer capacitor market significantly.

Trimmer Capacitor Market: Competition Landscape

  • Detailed profiles of manufacturers of trimmer capacitors have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
  • Key players operating in the global trimmer capacitor market are -
    • Knowles Precision Devices Murata Manufacturing Co., Ltd.
    • Sprague Goodman Electronics, Inc.
    • Suntan Technology Company Limited
    • Vishay Intertechnology Inc.
    • STMicroelectronics International N.V.

Trimmer Capacitor Market: Strategic Overview

  • Key manufacturers operating in the global trimmer capacitor market, such as Suntan Capacitors and Knowles Precision Devices, are increasing their sales by engaging in merger & acquisition and research & development activities. Some of the key developments in the global market are as follows:
    • In April 2019, Knowles Precision Devices announced to have acquired Compex Corporation. With this acquisition, the company is planning to broaden its portfolio of capacitors
    • Suntan Capacitor primarily focuses on research and development activities in order to strengthen its position in the global market. Every year, the company invests around 10%-15% of its turnover in R&D activities in order to strengthen its product offerings.
  • In the report on the global trimmer capacitor market, we have discussed individual strategies, followed by company profiles of manufacturers of trimmer capacitors. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global trimmer capacitor market.

Trimmer Capacitor Market – Scope of the Report

This report by Transparency Market Research studies the global trimmer capacitor market for the 2019-2027 period. The key objective of this report is to offer insights and major trends pertaining to the global trimmer capacitor market, which are gradually helping transform global businesses.

In this report, Transparency Market Research (TMR) offers historical (2017) and forecast (2019-2027) data of the trimmer capacitor market. In terms of value, the global market is expected to expand at a CAGR of 3.5% during the forecast period. The study reveals dynamics of the trimmer capacitor market in five regions, along with analysis of the current and the future market scenario during the forecast period.

The report begins with an executive summary of the market with respect to various segments based on dielectric material, type, and end-use industry and their share in the global trimmer capacitor market. It is followed by market introduction, market dynamics, and an overview of the global trimmer capacitor market, which includes TMR analysis of market drivers, restraints, and trends pertaining to the global trimmer capacitor market. Furthermore, in order to understand Y-o-Y growth trends in the global trimmer capacitor market, Y-o-Y growth analysis with elaborated insights on the same has been provided.

The global market for trimmer capacitors has been segmented based on dielectric material, type, end-use industry, and region. In terms of dielectric material, the market has been classified into air, ceramic, glass & quartz, sapphire, mica, plastic, PFTE, and others. Based on type, the global trimmer capacitor market has been divided into single-turn trimmer capacitor and multi-turn trimmer capacitor. Based on end-use industry, the market has been classified into communication equipment, medical devices, and others. Geographically, the global trimmer capacitor market has been divided into five regions: North America, South America, Europe, Asia Pacific, and Middle East & Africa.

The next section of the report highlights the USPs, which include a value chain describing raw material suppliers, manufacturers, and distributors operating in the global trimmer capacitor market. Each section of the value chain analysis consists of some listed examples for better understanding of the entire supply chain, added to which is the profitability margin validated by primary interviews. Another USP of the report is the data about essential market perspectives, which contains views of leading players operating in the market. Porter’s five forces analysis is another additional point in the report, which explains how the number of manufacturers affects the entire market scenario. PESTLE analysis includes political, economic, social, technological, legal, and environmental analysis of the trimmer capacitor market in all regions. This analysis explains the effect of all these factors on the global trimmer capacitor market. Pricing analysis provided in the report has been examined in accordance with different segments based on dielectric material, type, and application as well as regional segments. Market values of all segments of the market in all regions i.e. North America, South America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA) have been provided.

The next section of the report highlights the global trimmer capacitor market, by region, and provides the market outlook for 2019–2027. The study analyses drivers that influence the global trimmer capacitor market. Key regions assessed in this report include North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. The report evaluates the present scenario of and growth prospects for the global trimmer capacitor market for the 2019–2027 period.

In order to ascertain the size of the global trimmer capacitor market in terms of value and volume, revenue generated by key manufacturers and their respective production capacities have been taken into consideration. The forecast presented here assesses the total revenue generated, by value, in the global trimmer capacitor market. In order to provide an accurate forecast, TMR has initiated by sizing up the current trimmer capacitor market with the help of the parent market. We have collected data from secondary research and validated it through primary research. Also, we have formed a basis of how the global trimmer capacitor market is expected to expand in the near future by taking into account opinions of market experts. Given the characteristics of the global trimmer capacitor market, we triangulated the outcome on the basis of three different types of analyses: based on the supply side, downstream industry demand, and economic envelope. In addition, it is imperative to note that, in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyze the market based on key parameters to understand the predictability of the market and identify correct opportunities across the market.

Segments of the global trimmer capacitor market have been analyzed in terms of their market share in order to understand the relative contribution of individual segments to the market growth. This detailed level of information is important for identifying key trends in the global trimmer capacitor market.

Trimmer Capacitor Market - Segmentation

TMR’s study of the global trimmer capacitor market segments the market based on dielectric material, type, end-use industry, and region. Changing market trends and other crucial market dynamics associated with these segments of the global trimmer capacitor market have been discussed in detail.

Dielectric Material

  • Air
  • Ceramic
  • Glass & Quartz
  • Sapphire
  • Mica
  • Plastic
  • PFTE
  • Others

Type

  • Single-turn Trimmer Capacitor
  • Multi-turn Trimmer Capacitor

Application

  • Communication Equipment
  • Medical Devices
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

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