Thin Film Resistor market will experience CAGR of 5.15% in next five years

Thin films are usually used for precision applications. They consist of relatively high tolerances, low temperature co-efficient and low noise. Key industrial application of thin film resistors is present in medical equipment, audio installations and precision control and measurement devices. This report consist of market insights of Thin film resistors with segmentation's such as Type, Application and Region.
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The thin film resistor market is projected to grow at a CAGR of 5.15% between 2019 and 2025. The majority of demand for precision thin film resistors is coming from the automotive, medical and communications infrastructure market in 2019, especially for applications in implantable defibrillators, under-the-hood, wireless base stations and in data-communication network switching. Other markets include ultra-small power supplies, especially DC/DC converter bricks and specialty micro-power supplies.

The demand for thin film resistors and networks based upon tantalum nitride are more prevalent in the west, while at the same time the larger movement of demand in thin film resistor chips is in transportation, medical, telecommunications and networking infrastructure equipment and wireless base stations, where the added precision of thin film lends itself toward a more professional network. Asia, especially in China and Japan, there is genuine interest in thin film resistor chips and in network solutions to enhance the continuing fascination with component miniaturization.

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