Registering a CAGR of 4.9% over the forecast period, the market value of Thick Film Chip Resistors is expected to reach US$ 750 million in the year 2027.
The market is primarily driven by rising demand for high-performance electrical and electronic products, rising adoption of 4G networks, and advanced automotive technologies. Rising IC and electric and hybrid vehicle sales, as well as government regulations to improve fuel efficiency and safety standards, have prompted OEMs to install more electrical and electronic devices, driving the market in the automotive industry. Furthermore, robust technological advancements in electronic goods, as well as the increasing adoption of fast networks (4G/5G networks) around the world, have increased the demand for products containing thick film power resistors. All of these factors are expected to drive the thick film resistor market forward in the coming years.
The electrical and electronic industry is expected to grow at the fastest rate, with Asia Oceania leading the market for this segment during the review period.
Because of its wide application in electric and hybrid vehicles, HEV is expected to outperform Thick Film Chip Resistors. HEVs have an internal combustion engine as well as an electric propulsion system, as well as additional technologies like regenerative braking, advanced motor assist, actuators, and an automatic start/stop system. These technologies necessitate more sophisticated electrical and electronic circuitry designed to provide auxiliary power.
The report aspects discussed the profile of the top manufacturers of the global Thick Film Chip Resistors market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Thick Film Chip Resistors Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
The global Thick Film Chip Resistors includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Compostar Technology Co., Ltd., Tateyama Kagaku Industry Co., Ltd., Vishay, Samsung, Yageo, Panasonic, Fenghua Advanced Technology (Group) Co., Ever Ohms Technology Co., Ltd., Hokuriku Electric Industry Co., Ltd., Han Ryuk, Ralec Electronics Corp., Walsin Technology Corporation, Rohm Co., Ltd. and others.
Erj-Up3 Series Anti-Sulfurated Thick Film Chip Resistors, Anti-Surge Type from Panasonic
Apr 7, 2020—Panasonic, a global leader in resistor products, introduces the NEW ERJ-UP3 Series Anti-Sulfurated Thick Film Chip Resistors, Anti-Surge Type in a case size of 0603 inch. The NEW ERJ-UP3 Series is extremely durable in challenging or unclean, harsh environments, and it has anti-sulfurization characteristics that prevent an open circuit caused by a sulphide disconnection. The use of an anti-sulfurated electrode structure and material in the manufacture of ERJ-UP3 Series Resistors results in high sulfurization resistance.
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
North America dominates the Thick Film Chip Resistors market and will maintain its dominance throughout the forecast period. Thick Film Chip Resistors are a key component used in various applications, particularly in consumer electronics, due to the prevalence of advanced technologies. Due to rising disposable income, growing urbanization, and rising e-commerce activities, the Asia-Pacific region is expected to experience unprecedented growth during the forecast period, with the highest compound annual growth (CAGR) rate.
The Thick Film Chip Resistors Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Thick Film Chip Resistors Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers Thick Film Chip Resistors Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Thick Film Chip Resistors Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes | Report Details |
Report Title | Thick Film Chip Resistors Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Compostar Technology Co., Ltd., Tateyama Kagaku Industry Co., Ltd., Vishay, Samsung |
Forecast Period 2022 to 2027 CAGR | CAGR of 4.9% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Compostar Technology Co., Ltd., Tateyama Kagaku Industry Co., Ltd., Vishay, Samsung, Yageo, Panasonic, Fenghua Advanced Technology (Group) Co., Ever Ohms Technology Co., Ltd., Hokuriku Electric Industry Co., Ltd., Han Ryuk, Ralec Electronics Corp., Walsin Technology Corporation, Rohm Co., Ltd. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 166 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Thick Film Chip Resistors Market is studied from 2017 - 2027.
What is the growth rate of the Thick Film Chip Resistors Market?
The Thick Film Chip Resistors Market is growing at a CAGR of 4.9% over the next 5 years.
Who are the key players in Thick Film Chip Resistors Market?
Compostar Technology Co., Ltd., Tateyama Kagaku Industry Co., Ltd., Vishay, Samsung, Yageo, Panasonic, Fenghua Advanced Technology (Group) Co., Ever Ohms Technology Co., Ltd., Hokuriku Electric Industry Co., Ltd., Han Ryuk, Ralec Electronics Corp., Walsin Technology Corporation, Rohm Co., Ltd.
What regions does this Thick Film Chip Resistors Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Thick Film Chip Resistors Market?
High Power Type, Medium Power Type, Small Power Type
What are the major end-use applications of Thick Film Chip Resistors Market?
Medical Electronics, Consumer Electronics, Other
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SECONDARY RESEARCH
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PRIMARY RESEARCH
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MARKET ENGINEERING
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REPORT WRITING/ PRESENTATION
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