Press release
Chip Resistor Market Anticipated To Witness Robust Growth, Surpassing $2 Billion By 2029
Chip Resistor Market
What Is the Current Chip Resistor Market Size and Its Estimated Growth Rate?
The chip resistor market size has experienced strong growth in recent years. It will grow from $1.44 billion in 2024 to $1.55 billion in 2025, at a compound annual growth rate (CAGR) of 7.1%. The growth is attributed to the miniaturization of electronic devices, expansion of consumer electronics, increased automation in manufacturing, growth in automotive electronics, and the rise of industrial electronics.
The chip resistor market is projected to grow to $2 billion by 2029 at a CAGR of 6.7%. The demand is driven by the rise of electric vehicles, growth in renewable energy projects, increasing smart home device usage, a focus on energy efficiency, and the adoption of 5G technology. Key trends include the adoption of thin-film technology, integration with advanced driver-assistance systems (ADAS), the development of resistor networks for complex circuits, and a rising demand for resistors in renewable energy applications.
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How Are Emerging Segments Shaping the Chip Resistor Market Landscape?
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
Subsegments:
1) By Pressure-Sensitive: Force-Sensitive Resistors (Fsrs), Strain Gauge Resistors, Piezoelectric Resistors
2) By Thermosensitive: Thermistor Resistors (Ntc And Ptc), Temperature Compensating Resistors, Thermally Stable Resistors
3) By Other Types: Light-Dependent Resistors (Ldr), Photoresistors, Variable Resistors (Rheostats), High-Precision Resistors
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Which Growth Factors Are Influencing Chip Resistor Market Expansion?
The increasing demand for compact devices is anticipated to drive the growth of the chip resistor market. Compact devices, such as smartphones, tablets, and wearables, are small and portable, providing advanced functionality. The demand for these devices is driven by consumer preference for portability, technological advancements, and the need for connectivity and convenience. Chip resistors are widely used in these devices due to their small size and ability to integrate into circuits without compromising performance. According to the Global System for Mobile Communications Association (GSMA), smartphone connections, which totaled 6.2 billion in 2021, are expected to reach nearly 7.5 billion by 2025. Therefore, the rising demand for compact devices is boosting the chip resistor market.
Who Are the Dominant Players Across Different Chip Resistor Market Segments?
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
What Trends Are Expected to Dominate the Chip Resistor Market in the Next 5 Years?
In the chip resistor market, companies are focusing on developing products like automotive-grade chip resistors to meet high-voltage industrial demands. For example, in April 2023, YAGEO Group, a Taiwan-based manufacturer, launched the VT Series automotive-grade thin-film chip resistor. This series offers high voltage tolerance, precision, and stability, ensuring superior performance in harsh environments and meeting AEC-Q200 standards.
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Which Geographic Regions Are Expected to Dominate the Chip Resistor Market in the Coming Years?
Asia-Pacific was the largest region in the chip resistor market in 2024. The regions covered in the chip 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 Chip Resistor Market?
2. What is the CAGR expected in the Chip Resistor Market?
3. What Are the Key Innovations Transforming the Chip Resistor Industry?
4. Which Region Is Leading the Chip Resistor Market?
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