Chip Resistor Market By Type(Thick Film, Thin Film, Others), By Application(Consumer Electronics, Automotive, Industrial, Healthcare, Others), By Shape(Square, Rectangular), By Application, By Region And Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, And Forecast 2023-2032
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This report was compiled by Correspondence Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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Report Overview
Chip Resistor Market size is expected to be worth around USD 5.2 Bn by 2032 from USD 1.8 Bn in 2022, growing at a CAGR of 11.5% during the forecast period from 2023 to 2032.
The chip resistors market is an integral component of the global electronics industry, playing a critical role in many electronic devices and applications. These mini passive electronic components restrict electric current flow within circuits to ensure accurate voltage levels and signal integrity - an integral role that chip resistors play across a variety of systems such as consumer electronics, automotive, telecommunications, medical devices, and industrial equipment.
As more efficient electronic devices emerge and technology improves, chip resistors continue to shrink in size while improving their performance characteristics. Alongside this trend is an increasing need for higher precision and reliability in electronic components; something which chip resistors provide.
Key factors driving the global chip resistor market include rapid IoT adoption, 5G deployment, and digitization across industries - driving an upsurge in demand for components capable of operating under varied environmental conditions such as chip resistors.
Additionally, material technologies have seen rapid advancement, with new resistive materials and manufacturing processes improving chip resistor performance and reliability. Surface mount technology (SMT) has become the industry standard for installing chip resistors - further fuelling chip resistors market growth.
Driving factors
Evolving Electronics Landscape
Consumer electronics such as laptops, smartphones, and smart TVs have seen rapid expansion due to digital technology as well as its implementation via IoT networks, leading to greater usage across more areas. Therefore, chip resistors that regulate current flow within these gadgets have also seen incredible success.
Shrinking Devices, Expanding Markets
Chip resistor sales have experienced rapid expansion as electronics miniaturization gains steam. As electronics become smaller and component requirements shrink as well, manufacturers are creating smaller devices without compromising functionality.
Revving Up the Chip Resistor Market
Chip resistors used in automotive applications like airbag systems, engine control unit systems, and entertainment devices have contributed significantly to this particular resistor segment's rapid expansion over the years. Furthermore, growing the electric vehicles sales should further propel its growth.
Restraining Factors
Alternative Technologies Pose a Challenge to Chip Resistor Demand
Chip resistors may be limited by other readily available technologies such as thick-film or wire-wound resistors that provide better solutions in certain markets and applications, potentially reducing the demand for chip resistance purchases.
Manufacturing Complexities Hinder Growth in the Chip Resistor Market
Complex manufacturing processes can impede market expansion. Producing chip resistors requires various processes like deposition cutting, etching, and trimming which could be too challenging for small-scale companies without sufficient resources or expertise to produce top-quality resistors.
Rising Material Costs Threaten Chip Resistor Market Expansion
Costly raw materials used in production processes can limit market expansion. Materials used to produce thin-film resistors containing ruthenium have experienced steep price increases recently, driving up the cost of chip resistors considerably and restricting demand in certain markets.
Market Fluctuations in Key Industries Impact Chip Resistor Growth
Chip resistor markets can be heavily impacted by fluctuations in demands from major industries like automotive and consumer electronics, shifting consumer preferences, or economic conditions that could impede market expansion.
By Type Segment Analysis
The thick Film Segment dominates the type segment analysis of the Chip Resistor Market. Thick film chip resistors are now an integral component of the electronics industry, offering high-quality and affordable solutions in many applications. Their appeal lies in their capability to withstand extreme energy dissipation - excellent for power management and application of signal conditioning.
The main drivers of thick-film resistors are the increasing demand for consumer electronics advancements in automotive technology and the development of industrial automation systems. As electronics reduce in their size the need for small but high-performance resistors rises dramatically. Thin film resistors are becoming popular because of their accuracy stability, stability, and accuracy in resistance as electronics become smaller.
The most reputable manufacturers invest a significant amount into research and development to enhance the resistance of thick films providing customized solutions to changing industry needs. This booming market is set for growth as technology advances and applications expand.
By Application Segment Analysis
The chip resistor market is segmented by application into industrial, consumer electronics, automotive and transportation, telecommunication, aerospace, and defense.
The Consumer Electronics Segment is one of the dominating segments of the Application Analysis of the Chip Resistor Market. Chip resistors are widely utilized within consumer electronics devices like smartphones, laptops, and televisions; thus driving the growth of this market segment.
Industrial applications typically utilize chip resistors in equipment like power supplies, measurement devices, and control systems; their growth in this sector should fuel increased demand for chip resistors within this market segment.
Chip resistors have found widespread application within the automotive and transportation sectors, including engine management systems, lighting systems, and safety systems. Their increasing use is projected to benefit from an increase in electric vehicle demand as well as growing automotive automation trends, fuelling market expansion.
Chip resistors are widely utilized within the telecoms sector for equipment like routers, switches, and communication systems. High-speed internet usage combined with 5G technology is expected to fuel the market expansion of chip resistors in this sector.
Chip resistors have many applications within aerospace and defense applications such as avionics, navigation systems, and communication systems. Their rising demand coupled with space exploration is projected to spur their market growth.
By Shape Segment Analysis
The chip resistor market can be segmented by shape into square and rectangular. The rectangular shape segment is expected to dominate the market during the forecast period, owing to its high demand in the consumer electronics industry. Rectangular chip resistors provide greater power ratings and are ideal for a variety of applications, including laptops, smartphones, and tablets.
Square-shaped resistors are predicted to witness rapid growth over the forecast time frame because of the rising demand from the transportation and automotive industries. These resistors can be utilized in numerous automotive applications like ABS airbags, engine control systems, and many more.
Demand for chip resistors is expected to rise in the coming years because of the increasing demand for consumer electronics sales and the growing adoption of electric automobiles. Additionally, its application across many applications like aerospace, telecom, and defense will drive this market's growth over the next few years.
The increased demand for high-performance electronic devices as well as the trend towards miniatureization will drive the need for chip resistors in the upcoming years. Companies are investing hugely in new chip resistors that offer higher performance and greater reliability to respond to the growing demand from various industries.
Key Market Segments
By Type Segment
- Thick Film
- Thin Film
- Others
By Application Segment
- Consumer Electronics
- Automotive
- Industrial
- Aerospace & Defense
- Healthcare
- Others
By Shape Segment
- Rectangular
- Square
Growth Opportunity
Miniaturization and IoT Devices
With electronics becoming ever smaller and the Internet of Things (IoT) ecosystem expanding rapidly, demand is steadily growing for smaller and more compact chip resistors to fit within tiny IoT devices, wearables, and other compact electronics. Chip resistor manufacturers can capitalize on this trend by developing smaller high-performance resistors to meet these specifications. The chip resistor market's key growth strategies leverage advanced technologies to enhance electrical device performance, making efficient resistors crucial components in various electronic products.
Automotive Electronics
The market for chip resistors automotive industry is becoming more reliant on electronic components for various functions, from infotainment systems to advanced driver-assistance systems (ADAS). Chip resistors play an integral part in these applications and their increased use due to EVs, autonomous driving technology, and increased connectivity needs creates substantial opportunities for chip resistor manufacturers who offer high-quality automotive-grade resistors.
5G and Telecommunications
As 5G networks and infrastructure continue to proliferate globally, component requirements that can meet higher frequencies and power levels have become essential. Chip resistors play an integral part in signal conditioning and filtering within the telecom industry - as 5G deployment expands and network capacities grow further still, demand will only increase for specialty chip resistors capable of accommodating such frequencies.
Green Energy and Power Electronics
With increasing global attention on sustainability and renewable energy sources, there is considerable growth potential in the green energy sector. This includes solar inverters, wind turbines, and energy storage systems that use power electronics. Chip resistors play an integral part in these applications for power management and control purposes - their use creates an expanding market in this sector.
Latest Trends
Miniaturization and High-Density Integration
Chip resistor manufacturers were driven by consumer demand for smaller electronic devices with increased functionality to produce smaller and denser integrated components in response to increasing demands from smartphones, wearables, and IoT devices. Manufacturers focused on developing miniature chip resistors with higher power ratings to meet these compact device requirements such as smartphones, wearables, and IoT.
Surface Mount Technology (SMT) Dominance
Surface mount chip resistors remain a popular choice for electronics applications, having mostly replaced through-hole resistors in most cases. SMT components are more compatible with automated assembly processes and allow higher component densities on PCBs - essential features when developing smaller and more powerful devices.
Increased Precision and Accuracy
As electronic devices became more complex, there was an increasing need for chip resistors with greater precision and accuracy. This trend was driven by applications in automotive, medical devices, and industrial equipment which required reliable performance of resistors. The adoption of chip resistors is driving growth in the chip market. Key strategies include miniaturization, performance enhancements, and cost-effective production to meet rising demand.
Sustainability and Environmental Concerns
Sustainability and environmental regulations were increasingly influential in the chip resistor market trends. Manufacturers increasingly prioritized manufacturing lead-free and RoHS-compliant chip resistors to align with global environmental standards; there was also an upsurge in developing resistors with reduced energy consumption to boost overall electronic device efficiency.
Regional Analysis
The Asia-Pacific region has emerged as the dominant force in the global Chip Resistor Market. This dominance can be attributed to several key factors that highlight the region's pivotal role in the industry.
Asia-Pacific region is home to a dynamic and varied manufacturing sector led by countries such as China, Japan, South Korea, and Taiwan in producing active electronic components - particularly resistors, which play a pivotal role in almost every electronic device on the market today. These manufacturing capabilities give the Asia-Pacific region an edge over other regions; its chip resistor manufacturing expertise makes for unique advantages over others in this regard.
Asia-Pacific stands out as an ideal region for producing and distributing resistors due to its robust supply chains. Raw materials as well as skilled workers and an established network of electronic manufacturing companies all play an integral part in making Asia-Pacific such an electronic manufacturing hub.
Consumer electronics market growth, technological adoption, and rapid technological development are major causes of chip resistor demand in consumer electronics products, which has increased dramatically over the years. Investment in research and development and massive research and development investments help consolidate its market leadership position within this sector.
Key Regions and Countries
North America
- US
- Canada
- Mexico
Western Europe
- Germany
- France
- The UK
- Spain
- Italy
- Portugal
- Ireland
- Austria
- Switzerland
- Benelux
- Nordic
- Rest of Western Europe
Eastern Europe
- Russia
- Poland
- The Czech Republic
- Greece
- Rest of Eastern Europe
APAC
- China
- Japan
- South Korea
- India
- Australia & New Zealand
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
- Rest of APAC
Latin America
- Brazil
- Colombia
- Chile
- Argentina
- Costa Rica
- Rest of Latin America
Middle East & Africa
- Algeria
- Egypt
- Israel
- Kuwait
- Nigeria
- Saudi Arabia
- South Africa
- Turkey
- United Arab Emirates
- Rest of MEA
Key Players Analysis
Samsung, Rohm Semiconductor, YAGEO Corporation, TE Connectivity, Bourns Inc. TT Electronics Electro-Mechanics, as well as Murata Manufacturing, are the major players in the chip resistors market.
YAGEO Corporation: One of the premier chip resistor companies, YAGEO offers optimal resistances for current-sensing chips ranging in power between 0.05 to 10 Watts.
Samsung: As one of the premier chip resistor manufacturers, Samsung provides solutions for various industrial, automotive, and consumer electronic applications.
Rohm Semiconductor: Rohm Semiconductor provides top-of-the-line chip resistors used in various important electronic applications like laptops, smartphones, and various electronic devices.
TE Connectivity: TE Connection offers a diverse array of chip resistors used across numerous applications in transportation and automotive as well as aerospace and defense environments.
Bourns, Inc: As one of the industry's premier chip resistor suppliers, Bourns is an authority in offering various applications of resistors used in medical equipment as well as manufacturing control equipment.
TT Electronics: TT Electronics offers an expansive selection of chip resistors suitable for various applications including medical equipment, automotive, and consumer electronics.
Top Key Players in the Chip Resistor Market
- Samsung
- Rohm Semiconductor
- YAGEO Corporation
- TE Connectivity
- Bourns, Inc.
- TT Electronics
- Vishay Intertechnology, Inc.
- CTS Corporation
- Panasonic Corporation
- Koa Corporation
- Tzai Yuan Enterprise Co.
- AVX Corporation
- KEMET Corporation
Recent Development
- In 2023, ROHM introduced the industry's thinnest shunt resistor in 2023 - measuring only 0.03 inches (0.85 mm). Rated at 12-W and known by its acronym PSR350 designation, its ultrathin profile makes it perfect for high-power applications, particularly automotive and industrial equipment applications.
- In 2023, Stackpole Electronics unveiled the RMEF series of general-purpose thick-film chip resistors designed to meet RoHS compliance and offer all of the benefits associated with thick-film technology, such as cost efficiency and high performance.
- In 2023, Kyocera AVX announced in 2023 their introduction of new SCM double-layer, series-connected supercapacitors with equivalent series resistance (ESR) as low as 2.5 ohms.
- In 2023, Wurth Elektronik (WE) expanded their WE-TORPFC toroidal power factor correction (PFC) chokes for continuous conduction mode (CCM) boost converters in 2023 with 17 additional parts designed to lower winding losses while offering superior cooling over traditional bobbin-wound PFC inductors.
Report Scope
Report Features Description Market Value (2022) USD 1.8 Bn Forecast Revenue (2032) USD 5.2 Bn CAGR (2023-2032) 11.5% Base Year for Estimation 2022 Historic Period 2016-2022 Forecast Period 2023-2032 Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments Segments Covered By Type(Thick Film, Thin Film, Others), By Application(Consumer Electronics, Automotive, Industrial, Aerospace & Defense, Healthcare, Others), By Shape (Square, Rectangular) Regional Analysis North America – The US, Canada, & Mexico; Western Europe – Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, & Rest of Western Europe; Eastern Europe – Russia, Poland, The Czech Republic, Greece, & Rest of Eastern Europe; APAC – China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, & Rest of APAC; Latin America – Brazil, Colombia, Chile, Argentina, Costa Rica, & Rest of Latin America; Middle East & Africa – Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, & Rest of MEA Competitive Landscape Samsung, Rohm Semiconductor, YAGEO Corporation, TE Connectivity, Bourns, Inc., TT Electronics, CTS Corporation, Panasonic Corporation, Koa Corporation, Tzai Yuan Enterprise Co., AVX Corporation, KEMET Corporation Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements. Purchase Options We have three licenses to opt for: Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF) -
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- Samsung
- Rohm Semiconductor
- YAGEO Corporation
- TE Connectivity
- Bourns, Inc.
- TT Electronics
- Vishay Intertechnology, Inc.
- CTS Corporation
- Panasonic Corporation
- Koa Corporation
- Tzai Yuan Enterprise Co.
- AVX Corporation
- KEMET Corporation