Chip Resistor Market is to grow at a 10.1 % CAGR, with the United States leading the market through 2030

Chip Resistor Market is to grow at a 10.1 % CAGR, with the United States leading the market through 2030

The Global Chip Resistor Market is expected to reach USD 3.7 Bn by 2030. The Global Chip Resistor Market is driven by the rise in the number of individuals affected by rare diseases.

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Global Chip Resistor Market to Hit USD 1.89 Bn by 2030

The Global Chip Resistor Market was USD 1.89 Bn in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 10.1 % from 2023 to 2030, reaching USD 3.7 Bn by 2030. An increase in demand for ICs across the globe because of their dynamic properties for opposing the flow of electrical current within a certain range, dropping the chances of an explosion of the devices. The chip resistor market is growing due to rising demand for electronic devices, especially in the automotive and consumer electronics industries.

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Global Chip Resistor Market Segmentation

By Technology: Thick film resistors are cost-effective and widely used in general electronics, while thin film resistors offer higher precision and stability for advanced applications like aerospace and medical devices. The other category includes specialized resistors, such as metal foil and wire-wound types, used in high-precision and power-demanding environments.

By Type: Pressure-sensitive resistors adjust resistance based on applied force, commonly used in touch-sensitive and industrial control systems. Thermo-sensitive resistors (thermistors) vary resistance with temperature, making them essential for temperature sensing and protection in HVAC, medical, and battery applications.

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Global Chip Resistor Market Regional Analysis

In North America, The United States is leading the expansion, driven by increasing demand in the automotive electronics, telecommunications, consumer electronics, and aerospace and Defense sectors. The region's strong focus on technological advancements, along with the rising adoption of IoT devices, 5G infrastructure, and electric vehicles (EVs), is boosting the demand for high-performance resistors. Additionally, the presence of key electronic component manufacturers and government investments in semiconductor production contribute to market growth.

The European In Europe, the chip resistor market is expected to grow at a steady compound annual growth rate (CAGR), driven by increasing demand from the automotive, industrial automation, telecommunications, and aerospace sectors. Germany, France, and the United Kingdom are key contributors due to their advanced automotive and electronics industries. Furthermore, strict environmental regulations and the push for sustainable semiconductor manufacturing further influence market expansion in the region.

APAC, the market is driven by the strong presence of electronics manufacturing hubs in China, Japan, South Korea, and Taiwan. The region's expanding automotive, consumer electronics, and telecommunications industries, along with the rapid adoption of 5G technology, IoT devices, and electric vehicles (EVs), are fuelling market demand.

Global Chip Resistor Market Competitive Landscape

YAGEO Group's Acquisition: YAGEO Group, a Taiwan-based component manufacturer, acquired Chilisin Electronics Corp. to expand into high-margin passive component markets and optimize its product offerings.

Vishay Intertechnology's: Vishay Intertechnology, a global manufacturer of discrete semiconductors and passive electronic components, acquired Barry Industries to expand its product portfolio and enhance its presence in the chip resistor market.

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Conclusion

Innovations in IoT, 5G infrastructure, and electric vehicles (EVs) are significantly boosting the need for high-performance chip resistors, particularly in North America, Europe, and APAC.
Thick film resistors dominate due to their cost-effectiveness, while thin film resistors cater to precision applications. Pressure-sensitive and thermo-sensitive resistors are widely used in industrial automation, medical devices, and temperature control applications.
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