Chip Resistor Market Analysis 2021-2028: Emerging Trends and Growth Opportunities

The global chip resistor market size is expected to witness considerable growth, owing to the increase in consumer electronic devices and products. The global chip resistor market is projected to witness decent growth across the globe. Allied Market Research, titled, "Chip Resistor Market By Type and End Use: Global Opportunity Analysis and Industry Forecast, 2021-2028", the global chip resistor market size was valued at $999.4 million in 2020, and is projected to reach $1,567.2 million by 2028, registering a CAGR of 5.9%.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂: https://www.alliedmarketresearch.com/request-sample/A11656

Chip resistors are ICs of compact size and are used to control the current in electronic products and devices. Chip resistors have the characteristics of limiting DC or AC. The major types of chip resistors include thick film, thin film, and others. Chip resistor is widely used in automotive & transport, consumer electronics, industrial, IT & telecommunication applications. Thick film chip resistors are widely used in electrical and electronic devices because of their accuracy and efficient performance. Chip resistor limits overflowing of current in a device and product. Thin film resistors are majorly used in applications that require low noise, high accuracy, and stability.

Factors such as the rise in digitalization and the increase in the use of consumer electronic products drive the chip resistor market growth. Recent innovations such as high-definition equipment and eco-friendly electronic products have increased the demand for chip resistors in the market. In addition, an increase in demand for consumer electronic products and high-end products or devices in developed countries is expected to drive the growth of the market. Further, technological advancement in the healthcare sector and an increase in application in automotive & transportation are estimated to contribute toward the growth of the chip resistor market share.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮'𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/A11656

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The Chip Resistor industry's key market players adopt various strategies such as product launches, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐂𝐡𝐢𝐩 𝐑𝐞𝐬𝐢𝐬𝐭𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞,

BOURNS, INC.
VISHAY INTERTECHNOLOGY, INC.
TE CONNECTIVITY LTD.
AVX CORPORATION
YAGEO CORPORATION
PANASONIC CORPORATION
CTS CORPORATION
ROHM CO., LTD. (ROHM SEMICONDUCTOR)
SUSUMU CO., LTD.
SAMSUNG ELECTRO-MECHANICS CO., LTD.

The market players such as Panasonic Corporation, Vishay Intertechnology, Inc., Yageo Corporation, and Bourns Inc. are focusing their investment on technologically advanced products. For instance, TT Electronics announced the launch of high-energy double-sided chip resistors. Also, Yageo Corporation has announced the launch of a new resistor called SR High-power Series which is a high-power, anti-surge chip resistor. Bourns launched a new high-power thick film resistor model series in two new resistor families namely CMP/CMP-A. It offers a wide resistance range from 1 ohm to 1 megaohm and high-rated power of up to 1.5 watts.

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

COVID-19 has impacted the global electronics and semiconductor sector, due to which production facilities as well as new projects have stalled, which has increased the demand for chip resistors in the industries. The operations of the production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease; moreover, the growth of the chip resistor in the COVID-19 situation is decreased owing to the decreased demand in consumer electronics and automotive industries.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A11656

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

- The consumer electronics segment is projected to be the major end-user during the forecast period.
- Asia-Pacific and North America dominate the market, at present.
- Asia-Pacific is anticipated to witness the highest growth rate during the forecast period.
- The U.S. was the major shareholder in the North America chip resistor market analysis.

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.alliedmarketresearch.com/chip-resistor-market-A11656

This release was published on openPR.