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Chip Resistor Global Market Report 2024 - By Size, Share, Trends And Industry Report, Outlook By 2033
Chip Resistor Market
As per the report, the chip resistor market size has grown strongly in recent years. It will grow from $1.35 billion in 2023 to $1.44 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The chip resistor market size is expected to see strong growth in the next few years. It will grow to $1.88 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%.
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Escalating Demand For Compact Devices Is Boosting The Chip Resistor Market
The escalating demand for compact devices is expected to drive the chip resistor market going forward. Compact devices are small, portable electronic gadgets designed to provide advanced functionality and convenience, such as smartphones, tablets, and wearable technology. The escalating demand for compact devices is driven by increasing consumer preference for portability, advancements in technology, and the growing need for connectivity and convenience in everyday life. Chip resistors are widely employed in compact devices due to their small size and surface-mount capability, enabling efficient space utilization and integration into electronic circuits without compromising performance. For instance, in February 2022, according to the report The Mobile Economy published by the Global System for Mobile Communications Association (GSMA), a UK-based international association of service providers, smartphone connections, which totaled 6.2 billion and represented 75% of all mobile connections in 2021, are projected to reach nearly 7.5 billion and account for 84% of all connections by 2025. Therefore, escalating demand for compact devices is driving the chip resistor market.
Innovative Product Development In The Chip Resistor Market
Major companies operating in the chip resistor market are increasing their focus on developing innovative products, such as automotive-grade chip resistors, to manage the high-voltage industrial environment's demand competently. Automotive-grade chip resistors are high-reliability electronic components specifically designed to meet the rigorous performance and durability standards required for automotive applications. For instance, in October 2021, YAGEO Group, a Taiwan-based component manufacturing company, launched its new AH chip resistors designed with anti-sulfurated and high voltage capabilities. These innovative resistors cater to the demands of both automotive and industrial applications, offering enhanced performance and reliability. The anti-sulfurated feature ensures that the resistors remain effective even in harsh environments where sulfuric compounds are present, while the high voltage capabilities enable them to handle demanding operating conditions. This new product line from YAGEO is poised to meet the growing needs of industries that require high-quality, high-performance resistors for their applications.
The chip resistor market covered in this report is segmented -
1) By Type: Pressure-Sensitive, Thermosensitive, Other Types
2) By Technology: Thick Chip Resistors, Thin Chip Resistors, Other Technologies
3) By Material: Silver, Palladium, Cupronickel, Other Materials
4) By Operating Voltage: Up To 50V, 51V To 200V, 201V To 400V, Above 400V
5) By End-Use Industry: Consumer Electronics, Information Technology And Telecommunications, Automotive And Transportation, Industrial, Healthcare, Aerospace And Defense, Energy And Utility, Other End-Use Industries
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Major companies operating in the chip resistor market are Samsung Electronics Co., Panasonic Holdings Corporation, TE Connectivity Ltd., Murata Manufacturing Co. Ltd., YAGEO Corp., Rohm Co. Ltd., Vishay Intertechnology Inc., Bourns Inc., AVX Corporation, Walsin Technology Corp., China Zhenhua Group, Darfon Electronics Corporation, Tt Electronics Plc, Guangdong Fenghua Advanced Technology Holding Co. Ltd., CTS Corporation, HolyStone International, Kyocera AVX, Ta-I Technology Co. Ltd., Ohmite Mfg Co., KOA Speer Electronics Inc., Ever Ohms Technology Co. Ltd., Cyntec Co. Ltd., Stackpole Electronics Inc., Caddock Electronics Inc., Elektronische Bauelemente GmbH, Susumu Co. Ltd., Viking Tech, International Manufacturing Services Inc., Ralec Corp., Token Electronics Industry Co. Ltd., Asj Holdings Limited
Contents of the report:
1. Executive Summary
2. Chip Resistor Market Report Structure
3. Chip Resistor Market Trends And Strategies
4. Chip Resistor Market - Macro Economic Scenario
5. Chip Resistor Market Size And Growth
…..
27. Chip Resistor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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