According to the latest report by IMARC Group, titled “Chip Resistor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global chip resistor market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global chip resistor market size reached a value of US$ 1,049.2 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,557.1 Million by 2027 exhibiting a CAGR of 6.20% during 2022-2027.
What Are Chip Resistors And Used For?
Chip resistors are integrated circuit (IC) devices used to regulate the electrical current flow in circuits. They are manufactured using metal films or oxides in small rectangular or square chip bundles covered with multiple thin protective coating layers. They are commonly used in electronics and automobiles to maintain the level of direct current (DC) and alternative current (AC). Since they offer excellent stability, temperature resistance, and heat dissipation properties, chip resistors find extensive applications across the telecom, consumer electronics, automobile, transportation, information technology (IT), and healthcare industries.
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Chip Resistor Market Trends and Drivers:
The global chip resistor market is primarily driven by the increasing use of electronics such as laptops, smartphones, automotive logging devices, smart TVs, and speakers. Moreover, there has been a surging adoption of chip resistors due to the emerging trend of electronics miniaturization and the rising demand for compact gadgets as they are smaller and more cost-efficient than traditional lead resistors.
Additionally, several key players are investing heavily in research and development (R&D) activities to expand their product portfolio by launching innovative high-precision product variants. Besides this, the rising sales of luxury automobiles and hybrid electric vehicles (HEVs) have augmented the product demand for use in automotive components.
Furthermore, the increasing initiatives toward smart city development is another major growth-inducing factor. Other factors, including the continuous improvements in IT, widespread adoption of 4G and 5G technology, and rapid digitization across various end use sectors, are also anticipated to catalyze the market growth.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Chip Resistor Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Who are the leading players in Chip Resistor Market?
Bourns Inc., International Manufacturing Services Inc, Koa Corporation, Panasonic Corporation, Rohm Semiconductor, Samsung Electro-Mechanics, Susumu International U.S.A., TE Connectivity, TT Electronics Plc, Viking Tech Corporation, Vishay Intertechnology Inc. and YAGEO Group.
The report has segmented the market on the basis of region, type, technology and end use.
Breakup by Type:
- Pressure-Sensitive
- Thermosensitive
- Others
Breakup by Technology:
- Thick Chip Resistors
- Thin Chip Resistors
- Others
Market Breakup by End Use:
- Automotive and Transportation
- Consumer Electronics
- Industrial
- IT and Telecommunication
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.
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