According to the latest report by IMARC Group, titled “Global Chip Resistor Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global chip resistor market 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.
Chip resistors, also known as SMD resistors, are integrated circuit (IC) devices manufactured using metal oxides or metal films and covered with a protective coating. They are designed to oppose the flow of electric current and are widely used to control, protect, and operate circuits in advanced electronic devices. Nowadays, they are available in fixed and variable resistance variants. Compared to traditional lead resistors, they exhibit superior properties, such as higher stability, reliability, temperature resistance, and heat dissipation. As a result, chip resistors have rapidly gained traction across various industries, including consumer electronics, information technology (IT), automotive, transportation, telecom, and healthcare.
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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.
Chip Resistor Market Trends and Drivers:
The global chip resistor market is primarily driven by the growing product usage in consumer electronics and the emerging trend of electronics miniaturization. Additionally, the widespread adoption of high-end automobiles and electric vehicles (EVs) has augmented the demand for chip resistors.
Furthermore, several leading players are focusing on research and development (R&D) activities to launch innovative product variants. Along with this, the development of high-precision thin-film chip resistors to improve accuracy and reduce the risks of electro-static discharge (ESD) in industrial robots and automotive electronic control units (ECUs) has catalyzed the market growth.
Other factors, including the increasing popularity of compact devices, rising adoption of 5G technology, rapid digitization, and technological advancements, are also anticipated to drive the market further.
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.
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 Inter technology Inc. and YAGEO Group.
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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
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.
