Chip Resistor Market
Chip Resistor Market (Type - Thick-film Resistor, Thin-film Resistor, Current-sensing Resistor; Application - Consumer Electronics, Industrial, Automotive and Transportation, Medical, Telecommunication, Aerospace and Defense) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
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Global Chip Resistor Market - Snapshot
According to a new market research report published by Transparency Market Research, titled ‘Chip Resistor Market (Type: Thick-film Resistor, Thin-film Resistor, Current-sensing Resistor, and Others; and Application: Consumer Electronics, Industrial, Automotive & Transportation, Medical, Telecommunication, Aerospace & Defense, and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ the global chip resistor market is expected to reach value of US$ 2,647.8 by 2027. The market is projected to expand at a CAGR of 6.14% from 2019 to 2027. According to the report, the market would continue to be influenced by the increasing digitization in industries across the globe. In terms of demand, Asia Pacific is projected to lead the global market, with the market in the region expanding at a CAGR of 7.33% during the forecast period.
Thick-film resistor segment held a major market share in 2018
Based on type, the chip resistor market has been segmented into thick-film resistor, thin-film resistor, current-sensing resistor, and others. The thick-film resistor segment held a major market share, in terms of revenue, in 2018. This is attributable to low cost and widespread usage of thick-film chip resistors in a variety of consumer electronics devices.
Automotive & transportation to be rapidly expanding application segment throughout the forecast period
In terms of application, the market has been segmented into consumer electronics, industrial, automotive & transportation, medical, telecommunication, aerospace & defense, and others. This can be attributed to increasing application of electronics in automobiles as well as rapid advancements in electric vehicles. Furthermore, the automotive & transportation segment is expected to expand at a significant CAGR of 7.07% during the forecast period.
Asia Pacific expected to continue to hold a significant share
Asia Pacific is expected to hold the maximum share of the global chip resistor market during the forecast period. The growth is primarily attributable to the expanding consumer electronics industry and rapid pace of development of electric vehicles in the region, especially in China.
Major players operating in the global chip resistor market are Rohm Semiconductors, Yageo Corporation, TE Connectivity Ltd., Susumu Co. Ltd., Bourns Inc., and CTS Corporation. Details such as financials, business strategies, recent developments, product implementation expertise, key contracts, and other such strategic information pertaining to these players have been duly provided as part of company profiling.
The global chip resistor market has been segmented as follows:
Global Chip Resistor Market, by Type
- Thick-film Resistor
- Thin-film Resistor
- Current-sensing Resistor
Global Chip Resistor Market, by Application
- Consumer Electronics
- Automotive & Transportation
- Aerospace & Defense
Global Chip Resistor Market, by Geography
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
- South America
- Rest of South Ameria
Chip Resistor Market - Overview
The Chip Resistor Market report provides analysis of the global chip resistor market for the period from 2017 to 2027, wherein 2019–2027 is the forecast period and 2018 is considered the base year. Data for 2017 has been included as historical information. The report covers all trends and technologies expected to play a major role in growth of the global chip resistor market during the forecast period. It highlights drivers, restraints, and opportunities expected to influence the market from 2019 to 2027. The study provides a holistic perspective on the chip resistor market, in terms of revenue (in US$ Mn), across different regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South America. The report highlights key trends affecting the chip resistor market at the global level. Prominent countries/sub-regions covered in the report include the U.S., Canada, Germany, France, the U.K., India, China, Japan, GCC, South Africa, and Brazil.
This report analyzes and forecasts the market for chip resistors at the global and regional levels. The market has been forecast in terms of revenue (in US$ Mn) from 2019 to 2027. The study includes drivers and restraints of the global market. It also covers the anticipated impact of these drivers and restraints during the forecast period.
The report comprises detailed ecosystem analysis, which provides a comprehensive view of the global chip resistor market. Porter’s five forces model has also been included to help understand the competition landscape of the market. The study encompasses market attractiveness analysis, wherein type and application segments have been benchmarked based on their market size, growth rate, and general attractiveness.
Global Chip Resistor Market: Taxonomy
This research study on the global chip resistor market provides detailed analysis based on type and application segments of the market. Based on type, the market has been divided into thick-film resistor, thin-film resistor, current-sensing resistor, and others. Based on application, the market has been classified into consumer electronics, industrial, automotive & transportation, medical, telecommunication, aerospace & defense, and others. The thin-film resistor segment is expected to expand at a rapid pace throughout the forecast period, owing to rising adoption of thin-film resistors in consumer electronics devices such as smartphones, wearable devices, and control and measurement systems. The industrial segment held a major market share, in terms of revenue, in 2018, owing to widespread use of chip resistors in industrial automation systems.
Global Chip Resistor Market: Research Methodology
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, internal and external proprietary databases, relevant patent and regulatory databases, national government documents, statistical databases, market reports, news articles, press releases, webcasts specific to companies operating in the market, national government documents, statistical databases, and Factiva.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews conducted for each market segment across geographies. TMR conducts primary interviews on an ongoing basis with market participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competition landscape, and market outlook. These help validate and strengthen secondary research findings. They also help develop the analysis team’s expertise and market understanding.
Global Chip Resistor Market: Competition Dynamics
The report covers major players operating in the global chip resistor market including Rohm Semiconductors, Yageo Corporation, AVX Corporation, Samsung Electro-Mechanics, Vishay Intertechnology, Inc., Panasonic Corporation, TE Connectivity Ltd., Susumu Co. Ltd., Bourns Inc., and CTS Corporation. These established players are engaged in the development of innovative chip resistors and their introduction in the market. For instance, in November 2018, Yageo Corporation announced the launch of a new high–power, anti-surge chip resistor called SR High-power Series. This chip resistor is regarded a suitable solution for use in applications, such as telecommunications, chargers, servers, power supplies, and car electronics, wherein high-surge and high-power components are required. This move would help the company better position itself in the global chip resistor market.
The global chip resistor market has been segmented as follows: