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Steady Expansion Forecast for Chip Resistor Market, Projected to Reach $1.94 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Chip Resistor Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the chip resistor market has witnessed consistent growth. Its size will expand from $1.44 billion in 2024 to $1.51 billion in 2025, yielding a compound annual growth rate (CAGR) of 4.7%. The historical growth can be ascribed to factors such as downsizing of electronic gadgets, the surge in consumer electronics, rising utilization of automation in the manufacturing sector, an upswing in automotive electronics, and the expansion in industrial electronics.
Chip Resistor Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the chip resistor market is projected to experience robust growth, with the market size projected to reach a value of $1.94 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 6.5%. This growth during the estimation period can be linked to factors such as the increasing demand for electric vehicles, the proliferation of renewable energy ventures, a surge in smart home appliances, a heightened emphasis on energy efficiency, and the widespread acceptance of 5G technology. The forecast period is also likely to witness certain key trends such as amplified adoption of thin-film technology, incorporation of resistors into advanced driver-assistance systems (ADAS), creation of resistor frameworks for intricate circuits, augmented utilization of resistors in applications of renewable energy, and an escalating demand for durable resistors in harsh conditions.
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What Are the Drivers Transforming the Chip Resistor Market?
The rise in the requirement for compact devices is projected to propel the chip resistor market forward. Small, easily transportable electronic devices offering advanced features and ease of use, such as smartphones, tablets, and wearables, are referred to as compact devices. The surge in demand for these devices stem from a greater consumer inclination for portability, technological innovation, and an increasing need for everyday connectivity and convenience. Chip resistors, known for their miniature size and surface-mount ability, are extensively used in compact devices. This is due to the fact that they allow for effective space use and integration within electronic circuits without sacrificing performance. For example, a report entitled 'The Mobile Economy' from the Global System for Mobile Communications Association (GSMA), a UK-based international consortium of service providers, stated in February 2022, that smartphone connections (which accounted for 75% of all mobile connections in 2021, totaling 6.2 billion) are anticipated to reach 7.5 billion, representing 84% of all connections, by 2025. As a result, the expanding demand for compact devices is invigorating the chip resistor market.
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What Long-Term Trends Will Define the Future of the Chip Resistor Market?
The leading businesses in the chip resistor market are shifting their efforts towards the creation of innovative goods, such as automotive-grade chip resistors, in order to effectively satisfy the demanding needs of high-voltage industrial surroundings. Automotive-grade chip resistors are specialized electronic elements designed to meet strict performance and durability requirements for use in cars. A notable example is the VT Series introduced by YAGEO Group, a Taiwanese electronic component manufacturer, in April 2023. This automotive-grade thin-film chip resistor is distinguished by its high voltage tolerance, precision, and stability. Its exceptional laser trimming design guarantees superior voltage endurance and consistent resistance stability, even in tough environments. Coupled with its AEC-Q200 qualification, resistance to sulfur and dampness, and a low TCR, the VT series is highly dependable in demanding applications across automotive, telecom, industrial, medical, and power systems.
Which Segments in the Chip Resistor Market Offer the Most Profit Potential?
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 Firms Dominate the Chip Resistor Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the Chip Resistor Market?
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.
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