Market Dynamics

With the advent of electric or hybrid vehicle technology on global level the demand for supercapacitors is increasing. Changing government regulations and rising environmental concern is forcing auto manufactures across the globe to focus on development and introducing new electric vehicles and hybrid vehicles that are reliable. Supercapacitors are capable of releasing high amount of energy in order to power the vehicle along with advantage for multiple charging without degradation. These factors are responsible to drive the growth of the global market.

Deployment of supercapacitors in premium electric vehicles in order to supply high power for acceleration with lighter weight is expected to support the growth of the target market. In 2019, the Italian automotive sport vehicle manufacturer Automobili Lamborghini S.p.A introduced its first supercapacitor-based hybrid vehicle Sián. The vehicle has 48-V e-motor and delivers 34 hp at low-voltage.

High spending by the public and private players for research and development activities and introduction of new innovative products is expected to further support the growth of target market to a certain extent.

Moreover, availability of various subsidies on electric vehicles, rising adoption of hybrid vehicles in developed and developing countries such as US, China, UK, etc. is expected to impact the market growth.

However, factors such as limitations to power storage as compared to batteries is a major factors expected to hamper the market growth. In addition, lack of infrastructural facilities for effective deployment is expected to limit the market growth.  

Technological advancements by major players and collaboration with various institutes for R&D activities in order to introduce new products are expected to create new revenue opportunities over the forecast period. In 2019, Lamborghini and Massachusetts Institute of Technology (MIT) have patented a new technological advanced synthetic material for auto makers for a new generation of supercapacitors that is able to improve the energy density of the material up to 100% as compared to technology currently on the market.

Automotive Supercapacitors Market Analysis, by Application, 2018

The application segment of the global automotive supercapacitors market is segmented into passenger vehicle and commercial vehicle. The passenger vehicle segment is expected to witness high growth in the near future due to high demand for electric and hybrid passenger vehicle.

Segment Analysis by Region

The market in North America is expected to account of major revenue share due to presence of large number of auto players and rising demand for supercapacitors. Government focus of deploying reliable and high power electric and hybrid vehicles along with introduction of new passenger vehicles is expected to further support the regional market growth.

In addition, business development activities through strategic merger and acquisitions in order to increase customer base are expected to further support the market growth. In 2019, Tesla and electric auto manufacturer acquired Maxwell Technologies for US$ 200 Mn. This acquisition will help the auto maker in deploying supercapacitors in the upcoming vehicles.

Asia Pacific market is expected to witness faster growth due to high passenger vehicle sale in developing countries and inclination towards adoption of electric vehicles from consumers. In addition, high government spending on developing electric vehicle infrastructure in order to facilitate the adoption of hybrid vehicles is expected to support the growth of regional market.

Moreover, easy availability of raw material and low cost labor is attracting major players towards developing countries along with introduction of new electric vehicles is expected to further impact the market growth.

Competitive Landscape

Automotive supercapacitor is a highly competitive market players are investing high for R&D activities and introducing innovative products. In addition, partnerships between regional and international players in order to increase the company presence are expected to further increase the competition.

Report coverage

The market research study on “Automotive Supercapacitors Market (Product Type: Electrochemical Double Layer Capacitor (EDLC), Pseudocapacitors, and Hybrid Capacitor; Application: Passenger Vehicle and Commercial Vehicle) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026”, offers a detailed insights on the global automotive supercapacitors market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global automotive supercapacitors market, its product type segment, application segment, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global automotive supercapacitors market size and segment markets by product type segment, application segment, and geography along with the information on companies operating in the market. The automotive supercapacitors market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report include Maxwell, Panasonic, NEC TOKIN, Nesscap, AVX, ELNA, Korchip, Nippon Chemi-Con, Ioxus, LS Mtron, and Nichicon.

Market Segmentation

Market by Product Type:

• Electrochemical Double Layer Capacitor (EDLC)
• Pseudocapacitors
• Hybrid Capacitor

Market by Application:

• Passenger Vehicle
• Commercial Vehicle

Market by Region:

• North America
  • US
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest if Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Meddle East & Africa