Chip resistors, which are popularly known as surface mount devices (SMD) are mounted directly on a printed circuit boards (PCB) used for maintaining DC or AC current flow at a certain level inside an electronic circuit. These chips are usually square or rectangle in shape. The primary resistance elements of chip resistors are SiO2 (silicon dioxide), RuO2 (Ruthenium (iv) oxide) and CuNi (cupronickel). The primary resistance components that help the formation of products with high resistance, low resistance, ultralow resistance, anti-sulfur and array resistance properties. Resistance chips have a fixed resistance or can be variable up-to a certain limit. Additionally, it is a passive component in an electric circuit, these resistors could only be used for reducing or maintaining voltage and not increase it. Furthermore, these chip resistors are used for home appliance such as digital TV’s, cameras and audio devices as well as general electronic equipment and communication devices such as digital tuners, smartphones, tablet, PCs, MP3 player and general SMPs. Moreover, the chip resistors are available as per different criteria such as resistance, size, tolerance, TCR and power rating.
Owing to the space efficiency of the chip resistors as compared to the discrete encapsulated resistors and its user friendliness in multiple applications it is anticipated to grow on a significant CAGR over the forecast period. However, the factors such as significant growth of quantum devices and the rising adoption of more minute resistors such as nanoscale resistors are anticipated to refrain the growth of the global chip resistor market. Furthermore, the significant use of chip resistors in cloud computing and the growing market for cloud computing in multiple industry verticals across the globe can have a significantly positive impact on the global chip resistor market over the forecast period. Additionally, the prominence of consumer electronics industry in major Asia Pacific economies such as China and Japan are suggested to be of crude potential for the growth of the chip resistor market owing to its heavy use in consumer electronics devices. Additionally, the rising focus by government bodies on lead-free components for more environment friendly electronic devices is suggested to further boost the growth of chip resistor market over the forecast period.
The global chip resistor market can be segmented into three segments namely type, thickness and regions. As per the type segment the chip resistor market can be further divided into four sub segments namely-general resistors, current sensing resistors, anti-sulfur resistors and array resistors. General resistors are suggested to hold a significant share owing to its wider scope of application in consumer electronics. Furthermore, as per the thickness segment the global chip resistor market can be divided into two sub segments namely-thick film chip resistors and thin-film chip resistors. The thick film chip resistors are cheap as compared to its counterpart. However, the thin film chip resistors provide higher accuracy as compared to thick film chip resistors. As per the regional segment the chip resistor market can be divided amongst five regions namely North America, South America, Middle East and Africa, Asia Pacific, and Europe. Asia Pacific is suggested to have a significant share of the global chip resistor market over the forecast period.
Owing to its significant adoption in multiple application the chip resistor market is consisting of multiple leading players. Some of them are Murata Manufacturing, Panasonic Corporation, ROHM Semiconductor, Vishay Intertechnology, TE Connectivity, Bourns, Arcol, Ohmite Mfg Co, KOA Speer Electronics and Viking Tech Corporation.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.