USD 993.4 billion
Chip Resistor Market Size, Share, Growth Analysis, By Type(Thick Film, Thin Film, Others), By End Use(Automotive & Transportation, Consumer Electronics, Industrial, IT & Telecommunication), By Region - Industry Forecast 2024-2031
Report ID:
SQSG45K2015 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
65
|Figures:
75
Chip Resistor Market Insights
Chip Resistor Market size was valued at USD 993.4 billion in 2019 and is poised to grow from USD 1050 billion in 2023 to USD 1610 billion by 2031, growing at a CAGR of 5.5% in the forecast period (2024-2031).
The market growth is anticipated owing to recent breakthroughs including green electronics and high-definition gadgets, as well as rising demand for consumer electronics. Moreover, a significant driver propelling growth of the chip resistor market is the swift expansion of automotive and industrial electronics globally. Additionally, it is anticipated that the ongoing advancements in cutting-edge technologies, such as autonomous and electric vehicles, IoT, and 5G networks, would create profitable prospects for the expansion of the worldwide chip resistor market. Chip resistors may enhance current chip and electrical conversion technologies, enhancing the efficient integration of company resources. Chip resistors can limit DC or AC, which is used to reduce the voltage or keep the current in an electrical circuit at a specific size. In addition to being variable or changeable within a specified range, resistors can also have a fixed resistance value.
US Chip Resistor Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Thick Film
Fastest Growth
Thick Film
Growth Rate
5.5% CAGR
Global Chip Resistor Market, 2021-2028(Mn)
Country Share for North America Region- 2021 (%)
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Chip Resistor Market Segmental Analysis
Global Chip Resistor Market is segmented by Type, End Use, and region. Based on Type, the market is segmented as, Thick Film, Thin Film, Others. Based on End Use, the market is segmented as, Automotive & Transportation, Consumer Electronics, Industrial, IT & Telecommunication, Others. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.
Chip Resistor Market Analysis by Type
The thick film chip resistor segment is predicted to generate significant revenue during the analysis time frame. The increasing adoption of electronics and electrical devices and the rise in the demand for advanced miniature tools in various industries such as automotive, consumer electronics, and many more are expected to bolster the growth of the segment over the forecast period.
Chip Resistor Market Analysis by End Use
The telecommunication segment is projected to garner a significant revenue share throughout the forecast period. The growing number of smart devices and smartphones in this technologically advanced world coupled with the increasing necessity of working from home are expected to amplify the growth of the segment during the analysis time frame.
Global Chip Resistor Market size by type, 2021(%)
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Chip Resistor Market Regional Insights
On the basis of region, it is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa (MEA). North American is anticipated to have the biggest revenue share in global Chip Resistor market in 2021, and the same trend is anticipated throughout the forecast period. Due to China's large output and resource availability, the Asia Pacific region is one of the major producers of electronic devices, whilst Europe is expected to be the top consumer of these products. Over the projected period, the Asia-Pacific region's chip resistor market is anticipated to notable revenue share. During the course of the analysis period, the region's market is expected to increase due to the rising acceptance of high-end technology-based gadgets and the region's low cost of electronics.
Global Chip Resistor Market size by geography, 2021-2028
- Largest
- Fastest
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Chip Resistor Market Dynamics
Chip Resistor Market Driver
- The chip resistor market is anticipated to expand significantly over the projected period of time due to rising consumer demand for electronic gadgets like smartphones. Additionally, the market is anticipated to rise strongly over the course of the projected period due to the rapid development of automotive and industrial electronics.
- Additionally, during the course of the analysis period, it is anticipated that the continued development of emerging technologies, such as AI in goods, IoT, and 5G networks, would accelerate the expansion of the market. However, the market's expansion throughout the anticipated period can be hampered by the fluctuating price of raw materials.
Chip Resistor Market Restraint
- The market has suffered as a result of the Covid-19 pandemic epidemic. This is mostly owing to the fact that during the epidemic, chip resistor production activities were constrained due to lockdown regulations in numerous nations.
- Additionally, restrictions on export, lack of raw materials, and rising demand from end-use industries including automotive & transportation, consumer electronics, and many others are the main factors that have slowed the market's growth throughout the crisis.
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Chip Resistor Market Competitive Landscape
The following major companies in the global chip resistor market are examined in-depth in the study, with attention paid to their production capacity, market shares, and recent developments such as capacity expansions, plant turnarounds, and mergers and acquisitions.
Chip Resistor Market top Player's Company Profiles
- Samsung Electro-Mechanics
- Murata Manufacturing Co., Ltd.
- TDK Corporation
- Taiyo Yuden Co., Ltd.
- Yageo Corporation
- Walsin Technology Corporation
- KOA Corporation
- Vishay Intertechnology, Inc.
- Panasonic Electronic Devices Co., Ltd.
- ROHM Semiconductor
- Bourns, Inc.
- Susumu Co., Ltd.
- Token Electronics Industry Co., Ltd.
- Cyntec Co., Ltd.
- Viking Tech Corporation
- Holy Stone Holdings Co., Ltd.
- Uniroyal Technology Corporation
- Darfon Electronics Corporation
- Caddock Electronics, Inc.
- Stackpole Electronics, Inc.
Chip Resistor Market Recent Developments
- In September 2022, TT Electronics launched high-power, high-precision chip resistors on AIN ceramic substrate.
- In May 2021, Vishay Intertechnology launched a new high precision thin film chip resistor for medical, industrial, aerospace, and defense applications - Vishay Sfernice P2TC.
Chip Resistor Key Market Trends
- The chip resistors market is expanding as a result of the expanding usage of electronics in automobiles. Additionally, the need for chip resistors is being fueled by the rise of data centre infrastructure. The chip resistor market, on the other hand, faces difficulties because of the fluctuating cost of raw materials.
- The global chip resistor market is growing as more industries become increasingly digitized. Firms may make significant improvements to production, service, and supply chains because of innovations in sensors, data collection, robotics, processing power, and connections.
Chip Resistor Market SkyQuest Analysis
SkyQuest’s ABIRAWA (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research
According to our analysis, global chip resistor market is anticipated to grow as a result of consumer demand for devices like smartphones and the rise of applications like the Internet of Things and cloud computing. The market is projected to be driven by the adoption of new technologies like 5G networks and artificial intelligence (AI), as well as a large increase in automotive and industrial electronics. Additionally, the performance specifications for resistors used in automatic external defibrillators (AEDs), including cardiac monitoring circuits, are very strict. This is boosting the market for chip resistors by increasing the use of chip resistors that can handle high voltages, dissipate about 10W of power, and provide voltage linearity and temperature stability.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 993.4 billion |
| Market size value in 2031 | USD 1610 billion |
| Growth Rate | 5.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Chip Resistor Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Chip Resistor Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Chip Resistor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Chip Resistor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Chip Resistor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Chip Resistor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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