Press release
Resistor Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Resistor
What Is the Expected Resistor Market Size During the Forecast Period?
In recent times, there has been a stable expansion in the resistor market size. The projections suggest an increase from $10.6 billion in 2024 to $11.03 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 4.1%. This growth during the historic period is due to factors such as rising demand for consumer electronics, advent of Internet of Things (IoT) devices, improved energy efficiency, applications in the military and aerospace sectors, and growing interest in augmented reality (AR).
In the following years, the resistor market size is predicted to consistently increase. The market is forecasted to reach a size of $12.82 billion by 2029, growing at a compound annual growth rate (CAGR) of 3.8%. The expansion predicted in the forecast period can be linked to its rising usage in automotive HUDs, advances in flexible electronics, its combination with edge computing and its adoption within the healthcare industry, as well as broadened applications in smart cities. Key trends for the forecast period are the focus on biodegradable transparent electronics, the incorporation of AI and machine learning, augmented reality application growth, the interfusion with blockchain technology, as well as the emphasis on transparent batteries.
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What Are the High-Growth Segments in the Resistor Market?
The resistor market covered in this report is segmented -
1) By Type: Linear Resistors, Fixed Resistors
2) By Material: Thin Films, Thick Films
3) By Application: Automotive, Aerospace And Defense, Communications, Consumer Electronics And Computing, Other End-user Industries
Subsegments:
1) By Linear Resistors: Variable Resistors, Potentiometers
2) By Fixed Resistors: Carbon Composition Resistors, Metal Film Resistors, Wirewound Resistors, Thin Film Resistors, Thick Film Resistors
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What Key Drivers Are Expected to Influence Future Resistor Market Growth?
The resistor market's progression is set to be spurred by the burgeoning need for wearable devices. These refer to electronic gadgets that can be adorned on the person as accessories and are laden with various sensors. They are typically paired with smartphones or other devices for the conveyance of data or execution of tasks. In these wearable devices, resistors are employed to supply vital components that facilitate meticulous control, miniaturizing, and creativity in electronic devices. As an illustration, the National Library of Medicine, a biomedical library based in the US, reported in November 2022 that 62.2% out of the total participants used wearable devices for health management, with 29.3% using them on a daily basis. This surge in use of wearable devices is thus fuelling the growth of the resistor market.
Which Companies Hold the Largest Share Across Different Resistor Market Segments?
Major companies operating in the resistor market report are Panasonic Corporation, Honeywell International Inc., Walsin Technology Corporation, TE Connectivity, Murata Manufacturing, OKAYA Electric Industries Co. Ltd., Samsung Electro-Mechanics, Rohm Co. Ltd., Yageo Corporation, Vishay Intertechnology, Bourns Inc., AVX Corporation, CTS Corporation, Ohmite Manufacturing Company, Viking Tech Corporation, Susumu Co. Ltd., Stackpole Electronics Inc., Cyntec Electronics, Caddock Electronics Inc., Cressall Resistors, Arcol, HVR Pentagon, KOA Corporation, Shenzhen Sunlord Electronics Co. Ltd.
What Are the Latest Developing Trends in the Resistor Market?
Leading firms in the resistor market are centering their efforts on creating groundbreaking tech, like thin-film resistors, to uphold high resistance stability. The thin-film technology is a cutting-edge engineering methodology that focuses on constructing extremely thin layers of material, usually from a nanometer to few micrometers thick. For example, in October 2022, Yageo Corporation, a company based in China, introduced the VT Series, an automotive-grade thin film chip resistor. This resistor is engineered with the goal of fulfilling the stringent stability and reliability standards of automotive electronics, telecommunication, industrial or medical machines, measuring tools, and power systems. It provides aspects like high working voltage, exceptional resistance to sulfur-rich conditions, and adherence to AEC-Q200 norms. The said VT Series has resistors known for their high precision, stability, and extensive resistance value ranges, thereby making them appropriate for a multitude of applications.
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What Are the Emerging Geographies for The Resistor Market Growth?
Asia-Pacific was the largest region in the resistor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the resistor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Resistor Market?
2. What is the CAGR expected in the Resistor Market?
3. What Are the Key Innovations Transforming the Resistor Industry?
4. Which Region Is Leading the Resistor Market?
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