The global chip resistor market report by type (pressure-sensitive, thermo sensitive), by shape (square, Rectangular), by application (power supply, aerospace components, automotive, medical& others), by technology (Thick films, Thin films) by geography (North America, Europe, Asia Pacific, Middle East & Africa and South America)) is expected to reach US $ XX Bn by 2027, at a CAGR of 6.24 %.
The Thin film resistors are expected to grow at a XX % rate of CAGR during the forecast period.
An increase in demand for compact size and high resistance power resistor for enhancing performance at low cost is expected to drive the demand for thin film resistors. Thin film resistors deliver lower tolerances, noise, parasitic inductance, and resistor temperature coefficients and offer stability over higher frequencies to thick film resistors. Additionally, they are highly adopted in automotive, telecommunication, audio, precision controls, and instrumentation industrial applications because of the highly resistive material and small size of 0.1 micrometer.
The Asia Pacific is projected to witness significant growth in the global chip resistor market.
By region, the global chip resistor market is segmented into the North America, Europe, Asia Pacific, Middle East & Africa and South America. Among these, the Asia Pacific region is projected to grow at a XXX % rate of CAGR during the forecast period. The growth in the market is attributed to the rise in the ongoing development & expansion of the consumer electronics manufacturing sector coupled with strong economic growth are expected to boost the growth in the market. In March 2018, Panasonic Corporation, a Japan-based electronics solution provider, introduced a high precision thin film chip resistor, which offers Electro-Static Discharge (ESD) protection in the resistor field. Yageo one of the key player provides current sensing chip resistors ranges from 0.05 to 10 watts. These resistor chips are appropriate to use in the devices which need to have current sensing over current protection requirements.
Key players operating in the Global Chip Resistor market are Rohm, Yageo, Koa Corporation, Tzai Yuan Enterprise Co., International Manufacturing Services, Viking Tech, Vishay Technologies, Bds Electronics Inc, Sevenstar, China Zhenhua Group, Murata Manufacturing Co., Asj Holdings Limited, Tt Electronics, Panasonic, Samsung Electro-Mechanics, Bourns, Te Connectivity, Avx, Ohmite.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Chip Resistor Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Chip Resistor Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Chip Resistor Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Chip Resistor Market.”
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