Thick Film Resistor Market Size | Industry Research Report 2019-2024

The Thick Film Resistor Market is projected to reach USD 615 million by 2025 from USD 435 million in 2018, at a CAGR of 5.06% during the forecast period. The market is primarily driven by the increasing demand for high performance electrical and electronic products, increasing adoption of 4G networks, and advanced technologies in the automotive industry.

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Thick Film resistor is expected to be the largest market, by technology, during the forecast period

Thick film resistor is estimated to dominate the global market from 2018 to 2025. The factors driving this market are the growing automotive industry, consumer electronics goods, and telecommunications products. Rising IC and electric & hybrid vehicles sales along with the government regulations to enhance fuel efficiency and safety standards have prompted the OEMs to install more electrical and electronic devices, which ultimately drives market in the automotive industry. Further, robust technological advancements in electronic goods and the increasing adoption of fast networks (4G/5G networks) across the globe have also spurred the demand for products with thick film power resistors. All these factors are expected to boost the thick film resistors market in coming years

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Commercial vehicles are estimated to be the second fastest market for thick film and shunt resistors, by vehicle type, during the forecast period

Even though commercial vehicle has limited safety and luxury features as compared to passenger cars, regulatory authorities of different countries are making significant upgrades in regulatory norms for this vehicle segment. For instance, the European Union (EU) have made air conditioning system compulsory in all heavy vehicles from 2017, and HVAC and other safety features are also mandated for buses and coaches’ segment. Furthermore, by the end of 2019 all the heavy trucks must be installed with electronic logging devices (ELD) from the US Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA). The deployment of such regulations would increase the electronic devices installation which results in demand for more thick film and shunt resistors in this vehicle segment. These factors make the commercial vehicle segment to be the second fastest growing market for thick film and shunt resistors.

Key Market Players
Some prominent players in the thick film resistor market are Yageo (Taiwan), KOA Corporation (Japan), Panasonic (Japan), Vishay (US), ROHM Semiconductor (Japan), TE Connectivity (Switzerland), Bourns (US), Viking Tech Corporation (Taiwan), TT Electronics (UK).

Key Questions addressed by the report

• Our study suggests that automotive is the largest end-user market for thick film and shunt resistors. What is the market size of the thick film and shunt resistor market across different regions in 2018? What would be the regional growth rate during the next seven years?

• The study indicates that thick film resistor dominates the market at a global level. How do you see the existing and upcoming market trends in the next few years?

• How much is the global market for resistors in 2018? What will be the market share of thick film and shunt resistors in the overall resistors market?

• Which are the major applications of thick film and shunt resistors in automotive, electrical and electronics, and telecommunication industries?
What is the average cost of thick film and shunt resistors? Does it vary to a large extent with respect to its different applications? What would be the pricing trend for the next seven years?

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