Chip Resistor Market is Moving Fast! | Major Key Companies are Bourns, Inc., ROHM Semiconductor Americas, Panasonic North America, Samsung Electro-Mechanics, Yageo Corporation, Vishay Intertechnology, TE Connectivity

A detailed analysis of the Chip Resistor Market is entailed in this research report. The driving forces responsible for propelling the growth graph of this vertical in addition to the regional and competitive trends are mentioned in the study. A comprehensive document comprising details about vital parameters such as the industry ecosystem analysis, market segmentation, and the vendor matrix, the Chip Resistor Market report also contains information on the pivotal industry insights for core players to look out for.

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Growth in data center facilities owing to increasing digitalization is driving the chip resistor market. The rising need for cloud storage and the adoption of online and mobile computing services with the growing usage of social media have led to a rise in the number of data centers globally. These data centers are exposed to harsh environments that have higher percentages of potentially corrosive gases, which can corrode silver terminals in sensitive electronic components. To prevent corrosion and provide superior resistance against sulfur-containing environments, the demand for ICs is increasing. Moreover, these resistors allow a smooth transmission of data, resulting in improved system performance, reliability, robustness, and reduction of downtime. Growth in the data center infrastructure market is expected to drive the chip resistor market over the coming years.

High manufacturing costs associated with the device is a major challenge affecting the growth of the chip resistor market. The production of electronic components requires mining and processing of certain raw materials, such as metal and ceramic, which need to be mined and processed into usable forms, resulting in increased reliability on labors for the efficient production process. The fluctuations in the prices of raw materials coupled with rising labor costs will elevate the manufacturing cost, hindering the overall market growth. However, manufacturers are investing highly to manufacture ultra-small chip resistor that use less raw materials.

Rise in investments by several global players for providing environment-friendly lead-free ICs will drive the industry growth. These ICs improve reliability and efficiency in equipment and reduce emissions of environmentally hazardous wastes. Several manufacturers are focusing on providing reliable lead-free resistors, which provides high protection to electronics equipment.

Asia Pacific is projected to witness high growth owing to the ongoing development & expansion of the consumer electronics manufacturing sector coupled with strong economic growth of the region. Rise in the adoption of electronic vehicles in the region will increase the demand for these ICs in the coming years. According to the IEA, the number of new electric vehicles sales across China was estimated at around 1.2 million in 2018. With such rapid development of electric and hybrid vehicles, the demand for effective resistors with high leakage detection property is expected to grow.

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The key players operating in the industry include Bourns, Inc., Murata Manufacturing Co., Ltd., Rohm Semiconductor, CTS Corporation, Panasonic Corporation, Samsung Electro-Mechanics, Yageo Corporation, Susumu Co. Ltd., Vishay Intertechnology, Inc., TE Connectivity, and Yageo Corporation.

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