Global Chip Resistor Market

Chip Resistor Market Size, Share, Growth Analysis, By Type (Thick Film Resistors, Thin Film Resistors), By Product Type (Discrete, Array), By Operating Voltage, By End Use Industry, By Region - Industry Forecast 2025-2032

Report ID: SQSG45K2015 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 65 | Figures: 75

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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Global Chip Resistor Market size was valued at USD 1.1 billion in 2022 and is poised to grow from USD 1.16 billion in 2023 to USD 1.84 billion by 2031, growing at a CAGR of 5.9% during the forecast period (2024-2031).

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. 'ROHM Semiconductor (Japan) ', 'Bourns Inc. (USA) ', 'TE Connectivity (Switzerland) ', 'Vishay Intertechnology Inc. (USA) ', 'CTS Corporation (USA) ', 'Panasonic Corporation (Japan) ', 'Samsung Electro-Mechanics (South Korea) ', 'YAGEO Corporation (Taiwan) ', 'TT Electronics (UK) ', 'Murata Manufacturing Co., Ltd. (Japan) ', 'KOA Corporation (Japan) ', 'Walsin Technology Corporation (Taiwan) ', 'Susumu Co., Ltd. (Japan) ', 'Ohmite Manufacturing Company (USA) ', 'Viking Tech Corporation (Taiwan) ', 'Riedon Inc. (USA) ', 'Stackpole Electronics, Inc. (USA) ', 'Fenghua Advanced Technology (China) ', 'Ever Ohms Technology Co., Ltd. (Taiwan) ', 'Cyntec Co., Ltd. (Taiwan) '

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.

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.

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.

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Global Chip Resistor Market

Report ID: SQSG45K2015

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