Axial Lead Resistor market is projected to reach USD 5.8 billion by 2030 : Cognitive Market Research

Market overview:
• What is an Axial Lead Resistor?
An axial lead resistor is a type of electronic component that is commonly used to limit or control the flow of electrical current in a circuit. It is called "axial" because the leads or terminals of the resistor are located at the ends of the cylindrical body of the resistor, and they are positioned on the same axis or line.
Axial lead resistors are typically made of a resistive material such as carbon or metal film, and they are designed to have a specific resistance value. The value of the resistance is indicated by color bands that are painted on the body of the resistor. The leads of an axial lead resistor can be inserted into a circuit board or connected to other components using wire leads.

Summary:
- The Axial Lead Resistor market is projected to grow from USD 4.4 billion in 2022 to USD 5.8 billion by 2030, at a CAGR of 4.3%

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Market Dynamics:
• Rising demand for Miniaturization of electronic devices drives the market of Axial Lead Resistors
Miniaturization of electronic devices is a trend toward making electronic devices smaller, lighter, and more compact, while still maintaining or improving their functionality. This trend is driven by various factors, including the need for portability, convenience, and improved performance.
The miniaturization of electronic devices has led to the development of smaller and more compact electronic components, including axial lead resistors. As electronic devices continue to shrink in size, the demand for smaller and more compact resistors has increased.
• Competition from other types of resistors acts as a restraint of the axial lead resistor market
Axial lead resistors face competition from other types of resistors such as surface mount resistors, chip resistors, and wire wound resistors. These resistors have their own advantages, such as being smaller, more accurate, or able to handle higher power levels. This competition could limit the growth of the axial lead resistor market.
• The rising adoption of electronics will drive the axial lead resistor market growth
The opportunity for the axial lead resistor market lays in the increasing demand for electronic devices in various industries, such as automotive, aerospace, healthcare, and telecommunications. The rising need for miniaturized electronic components with high power handling capabilities and increased efficiency is also a major opportunity for the axial lead resistor market. the increasing focus on energy efficiency and reducing power consumption is driving demand for axial lead resistors in various applications such as power supplies, LED lighting, and renewable energy systems.

Axial Lead Resistor Market Segmentation:
Type
• < 50 Ohms
• 50-200 Ohms
• 200 500 Ohms
• > 500 Ohms

Application
• Soft Start/In rush Limiters
• RC Snubber Circuits
• Spark Gap Limiters
• Parasitic Suppression
• High Voltage Power Supplies
• Pulse Waveform
• EMI/EFI Test Circuits

The Major Players in Axial Lead Resistor Market are:
Sandvik (Kanthal), Ohmite, US Resistor, Stackpole Electronics, Riedon, Vishay, TT Electronics, Hymeg, Tyco Electronics, Panasonic, NIKKOHM, NIC Components, KOA Speer Electronics

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News
• March 2021
Avnet Electronics Marketing Americas, a business region of Avnet, Inc. (NYSE: AVT), has added Stackpole Electronics, Inc.'s complete line of resistors to its Americas line card. Stackpole's entire product line of thick and thin film surface mount resistors, axial leaded and wire-wound resistors, current sense resistors, varistors, inductors, and various power resistors is now available from Avnet Electronics Marketing throughout the Americas

Regional Analysis:
- Geographically, the global axial lead resistor market is divided into regions like North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. The Asia-Pacific region is expected to have the largest market share of the global axial lead resistor market due to its rapidly growing electronics industry, particularly in China, Japan, and South Korea.

Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Axial Lead Resistor Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Axial Lead Resistor Market Segmentation
1.5.1 Axial Lead Resistor Market Regional Fragmentation
1.5.1 Axial Lead Resistor Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Axial Lead Resistor Market
Chapter 4 Global Axial Lead Resistor Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Axial Lead Resistor Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Axial Lead Resistor Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Axial Lead Resistor Market Regional Analysis
Chapter 12 North America Axial Lead Resistor Market Outlook (2018 - 2030)
Chapter 13 Europe Axial Lead Resistor Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Axial Lead Resistor Market Outlook (2018 - 2030)
Chapter 15 Latin America Axial Lead Resistor Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Axial Lead Resistor Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)

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