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Chip Resistor Market Overview
Chip Resistor Market size is estimated to reach $2.3 billion by 2030, growing at a CAGR of 6.5% during the forecast period 2023-2030. Integration of electronics in automobiles, incorporating new technologies like AI and 5G into the devices, and increased production in consumer electronics, Automotive & Transportation segments are propelling the Chip Resistor Market growth.
Additionally, the Chip Resistors Market is experiencing significant expansion due to the thick film special design for high working voltage and stability in SMD chip resistors. To provide satellite-based connectivity to the upcoming generation of high-end Android handsets, Qualcomm and Iridium satellite communications have engaged in collaboration. Simultaneously, the interests of the consumers for Electric and driverless automobiles, 5G, and the Internet of Things (IoT) to enhance the aesthetic appeal are some of the major Chip Resistors Market opportunities. These factors positively influence the Chip Resistor industry outlook during the forecast period.
Market Snapshot:
Chip Resistor Market - Report Coverage:
The “Chip Resistor Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Chip Resistor Market.
COVID-19 / Ukraine Crisis - Impact Analysis:
Over the past two years when the lockdown got imposed Chip resistor market growth has been hampered by the fall in growth of key industries using them, such as industrial electronic equipment, and automobiles and restrictions made in exports and imports.
The trades and services across the globe got blocked which resulted in a shortage of raw materials, and the surge in instrument and equipment prices impacted the market heavily. Resistor prices have increased significantly due to the high inflation rates in industrialized nations around the world. It is anticipated that the purchasing power will considerably affect developing economies and is thought to be beneficial in many ways.
The Russia-Ukraine conflict hindered the development of the chip resistor industry since numerous consumer electronics manufacturing companies were compelled to close their doors, seriously disrupting the supply chain. Also, there was a severe lack of raw materials because of the war's complete halt to export and import activity, which put additional pressure on the industry's expansion.
Key Takeaways:
Fastest Growth of North American Region
Geographically, in the global Chip Resistor market share, North America is analyzed to grow with the highest CAGR of 7.3% during the forecast period 2023-2030. The global thin film chip resistor market is expanding as a result of the rising need for chip resistors to effectively manage electric current supply and this is owing to the growing demand for consumer electronics goods among individuals and is driving the Market growth.
Consumer Electronics Segment is Leading the Market
According to the Chip Resistors Market forecast, the Consumer Electronics Industry held the largest market share of 38% in 2022. The demand for goods in the electronics sector is rising due to the unique inventions that are booming. The significant expansion of consumer electronics is being driven by the enormous demand for smart products that provide voice assistance, WIFI & Bluetooth connectivity, and quicker networks.
For instance, as per the 2022 financial results of LG Electronics, the company’s revenue growth in 2022 was driven by strong demand for premium home appliances and automotive parts.
Rise in Demand for Thin Film Chip Resistors Drives the Growth of the Market
Electronics are utilized in cars with technology developments like electric power steering, entertainment systems, and others to include a better experience and make cars safer. To effectively operate the system or device, thin film chip resistors are employed in circuits to control the electric current supply. Thin film chip resistor market growth is being driven by the rising use of electronics in automobiles.
Cost of the Raw Materials Hinders the Market Growth
The high cost of raw materials and the development of new technologies to replace thin film chip resistors affects the market growth. After covid exports and imports got restricted as a result there is a shortage of raw materials in the automotive industry new technologies like Artificial Intelligence got inducted as a result thin film chip resistors are not suitable.
Chip Resistor Market Share (%) By Region, 2022
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Chip Resistor Market. The top 10 companies in this industry are listed below:
- TE Connectivity Ltd. (Agastat, ELCON, Neohm, AMP, AMPACT)
- Susumu corporation Ltd. (RM Series, PRG Series, URG Series, KRL Series)
- Bourns Inc. (CRT0402, CRT0603, CR0201, CR0402)
- Vishay Intertechnology Inc. (Vishay MCB, Vishay ESTA, Vishay BC Components, Vishay Semiconductors, Vishay Polytech)
- Yageo Corporation (TVS, MOV, GDT, SPG, ESD, TSS)
- Murata Manufacturing Corporation Ltd.
- Panasonic Corporation (MEGTRON-6, Quasar, Technics, Victor, JVC)
- Rohm Semiconductor Pvt. Ltd. (ROHM, MOSFET)
- Avx Corporation (KYOCERA AVX)
- Ralec Electronic Corporation
Scope of the Report:
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1. Chip Resistor Market - Overview
1.1 Definitions and Scope
2. Chip Resistor Market - Executive Summary
3. Chip Resistor Market – Comparative analysis
3.1 Company Benchmarking - Key Companies
3.2 Global Financial Analysis - Key Companies
3.3 Market Share Analysis - Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis
4. Chip Resistor Market - Startup companies Scenario Premium
4.1 Key Start-up Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Chip Resistor Market– Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Case Studies of Successful Ventures
6. Chip Resistor Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Market Challenges
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Customers
6.3.3 Threat of New Entrants
6.3.4 Rivalry Among Existing Players
6.3.5 Threat of Substitutes
7. Chip Resistor Market – Strategic Analysis
7.1 Value/ Chain Analysis
7.2 Opportunity Analysis
7.3 Market Life Cycle
8. Chip Resistor Market - By Type (Market Size – US$ Million/Billion)
8.1 Thick film
8.1.1 Market Trends by Region
8.1.2 Market Size & Forecast by Region
8.2 Thin film
8.2.1 Market Trends by Region
8.2.2 Market Size & Forecast by Region
8.3 Others
8.3.1 Market Trends by Region
8.3.2 Market Size & Forecast by Region
9. Chip Resistor Market – By Material (Market Size – US$ Million/Billion)
9.1 Silver
9.1.1 Market Trends by Region
9.1.2 Market Size & Forecast by Region
9.2 Palladium
9.2.1 Market Trends by Region
9.2.2 Market Size & Forecast by Region
9.3 Cupronickel
9.3.1 Market Trends by Region
9.3.2 Market Size & Forecast by Region
9.4 Others
9.4.1 Market Trends by Region
9.4.2 Market Size & Forecast by Region
10. Chip Resistor Market - By Application (Market Size – US$ Million/Billion)
10.1 Power Supply
10.1.1 Market Trends by Region
10.1.2 Market Size & Forecast by Region
10.2 Medical Instruments
10.2.1 Market Trends by Region
10.2.2 Market Size & Forecast by Region
10.3 Electronic Digital Products
10.3.1 Market Trends by Region
10.3.2 Market Size & Forecast by Region
10.4 Electric Power Equipment
10.4.1 Market Trends by Region
10.4.2 Market Size & Forecast by Region
10.5 Others
10.5.1 Market Trends by Region
10.5.2 Market Size & Forecast by Region
11. Chip Resistor Market - By End-Use Industry (Market Size - US$ Million/Billion)
11.1 Industrial Equipment
11.2 Automotive & Transportation
11.3 IT & Telecommunication
11.4 Consumer Electronics
11.5 Others
12. Chip Resistor Market - By Geography (Market Size - US$ Million/Billion)
12.1 North America
12.1.1 USA
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 UK
12.2.2 Germany
12.2.3 France
12.2.4 Italy
12.2.5 Netherlands
12.2.6 Spain
12.2.7 Russia
12.2.8 Belgium
12.2.9 Rest of Europe
12.3 Asia-Pacific
12.3.1 China
12.3.2 Japan
12.3.3 India
12.3.4 South Korea
12.3.5 Australia and New Zealand
12.3.6 Indonesia
12.3.7 Taiwan
12.3.8 Malaysia
12.3.9 Rest of APAC
13. Chip Resistor Market - Entropy
13.1 New product launches
13.2 M&A’s, collaborations, JVs and partnerships
14. Chip Resistor Market – Industry / Segment Competition landscape Premium
14.1 Market Share Analysis
14.1.1 Market Share by Product Type – Key Companies
14.1.2 Market Share by Region - Key Companies
14.1.3 Market Share by Country - Key Companies
14.2 Competition Matrix
14.3 Best Practices for Companies
15. Chip Resistor Market– Key Company List by Country Premium
16. Chip Resistor Market - Company Analysis
16.1 TE Connectivity Ltd.
16.2 Susumu corporation Ltd.
16.3 Bourns Inc.
16.4 Vishay Intertechnology Inc.
16.5 Yageo Corporation
16.6 Murata Manufacturing Corporation Ltd.
16.7 Panasonic Corporation
16.8 Rohm Semiconductor Pvt. Ltd.
16.9 Avx Corporation
16.10 Ralec Electronic Corporation
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Chip Resistor Market is projected to grow at a CAGR of 6.5% during the forecast period 2023-2030.
Chip Resistor Market size is estimated to be $1.5 billion in 2023 and is projected to reach $2.3 billion by 2030
Top Companies in the Chip Resistor Market are TE Connectivity Ltd., Susumu corporation Ltd., Bourns Inc., Vishay Intertechnology Inc., Yageo Corporation, Rohm Semiconductor Pvt. Ltd. and others.
Incorporating new technologies like Artificial Intelligence (AI) and 5G networks into devices is one of the main factors, together with the explosive rise of automotive and industrial electronics. This drives market growth.\\\\r\\\\nElectric and driverless automobiles, 5G, and the Internet of Things (IoT) are a few examples of emerging technologies that are expected to open up opportunities in business prospects.\\\\r\\\\n