At present, the demand of the downstream military market continues to be strong, and the process of domestic substitution is accelerating, and the field of military capacitors is ushering in a broad space.
Military capacitors are one of the core components of upstream electronic components in the military industry, accounting for about 40% of the electronic components market, and together with resistors and inductors, they constitute the three major passive components.
Depending on the manufacturing material, capacitors are divided into tantalum capacitors, aluminum capacitors, ceramic capacitors, and film capacitors.
Among them, tantalum capacitors have a unique metal tantalum dielectric, which is a relatively mature capacitor product on the market. It has the advantages of high energy density and stable electrical properties, especially suitable for occasions with extremely high reliability requirements, and is widely used in the industrial market and military market.
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Tantalum capacitor industry chain combing
According to the classification of materials, capacitor products are mainly divided into ceramic capacitors, aluminum electrolytic capacitors, tantalum electrolytic capacitors and film capacitors, and tantalum capacitors account for about 8% of the product structure of the global capacitor market.
Tantalum and niobium ore in the upstream of the tantalum capacitor industry chain is refined by hydrometallurgical technology to obtain intermediate products such as tantalum oxide and potassium fluorotanatalate, which are then further processed into key materials such as tantalum powder, tantalum and niobium carbide, tantalum and niobium ingots and tantalum and niobium bars through pyrometallurgical process, and then converted into various tantalum and niobium products, such as semiconductor tantalum target blanks, tantalum bars, niobium powder, tantalum and niobium metal materials, alloys and other industrial products, which are ultimately used in tantalum capacitors, high-temperature alloys and other fields.
Tantalum capacitor industry chain diagram:
Source: China Industry Information Network, Xingxingcha
The military segment provides a growth driver for the tantalum capacitor market. The procurement of military tantalum capacitors in the market usually presents the characteristics of customization and small batches, showing an oligopoly trend, and the tantalum capacitor enterprises with military production qualifications have a stable position.
In the consumer sector, demand for chip tantalum electrolytic capacitors is strong, driven by portable products such as iPads, tablets, smartphones, laptops, e-books, etc.
On the whole, at present, the Tantalum capacitor technology of the Continental Army is in the growth stage, and the low-end products have been replaced by localization. In the long run, military tantalum capacitor products are expected to continue to be in the growth period of the industrial cycle and have a broad space for development.
Tantalum capacitor industry competition pattern and leading combing
Tantalum capacitors are produced in relatively small quantities in the overall capacitor market, resulting in their selling prices being on the high side. However, in the high-end capacitor market, especially in the military field, tantalum capacitors have obvious competitive advantages.
At present, the high-end market of core raw materials in the upstream of the industrial chain is still dominated by overseas companies, and the participants of midstream manufacturers are relatively small, and the market concentration is high.
In terms of competitive landscape, the global tantalum capacitor manufacturers are mainly dominated by several giants, such as KEMET, Kyocera Group and Vishay, among which Japanese and American companies dominate the market.
The domestic military tantalum capacitor market competition pattern is stable, with few market participants, including HTC Electronics, Zhenhua Xinyun (a subsidiary of Zhenhua Technology) and Torch Electronics, Beijing 718 and Hongyuan Electronics. #军工##钽电容##元器件##财经##飞机#
epilogue
At present, military informationization is entering a new stage of development, and the proportion of informationized weapons in national defense construction will continue to increase. Especially during the "14th Five-Year Plan" period, the army's demand for information equipment has grown rapidly, which will bring huge market demand for key components such as military capacitors.
Pay attention to [Leqing Industry Observation] and gain insight into the industrial pattern!