What Has Been The Evolution of the Resistor Market in Recent Years?
The resistor market has seen considerable growth due to a variety of factors.
• The scale of the resistor industry has progressively expanded over recent years. The market is projected to escalate from a value of $10.6 billion in 2024 to $11.03 billion in 2025, progressing at a compound annual growth rate (CAGR) of 4.1%.
Factors that have contributed to the growth in the historical timeframe include the surge in the demand for consumer electronics, the advent of IoT devices, improved energy efficiency, applications in the military and aerospace sectors, and a heightened focus on augmented reality (AR).
What Are the Future Growth Projections for the Resistor Market?
The resistor market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations for the resistor market predict consistent expansion in the upcoming years, with an anticipated value of $12.82 billion in 2029, boasting a compound annual growth rate (CAGR) of 3.8%.
The anticipated growth within the period can be linked to its increased utilization in automotive HUDs, advancements within the field of flexible electronics, and its integration with edge computing. The healthcare industry's adoption and expanding applications within smart cities also contribute. The major trends expected during the forecast period are biodegradable transparent electronics, AI and machine learning integration, applications within augmented reality, blockchain technology integration, and a focus on the development of transparent batteries.
What Are The Core Factors Supporting Growth In The Resistor Market?
The rise in popularity of wearable devices is predicted to spur the expansion of the resistor market. Wearable devices, which are electronic appliances that people can wear as accessories, come with varied sensors and frequently link up with smartphones or other devices to provide data and perform tasks. Resistors play a key role in these wearable devices by providing crucial components that allow for precise control, miniaturization, and technological innovation. For example, figures from the US-based National Library of Medicine in November 2022, reported that 62.2% of participants used wearable devices for their health management, amongst whom 29.3% used the devices daily. As a result, the escalating demand for wearable devices is fueling the expansion of the resistor market.
What Are The Major Segments Within The Global Resistor Market?
The resistor market covered in this report is segmented –
1) By Type: Linear Resistors, Fixed Resistors
2) By Material: Thin Films, Thick Films
3) By Application: Automotive, Aerospace And Defense, Communications, Consumer Electronics And Computing, Other End-user Industries
Subsegments:
1) By Linear Resistors: Variable Resistors, Potentiometers
2) By Fixed Resistors: Carbon Composition Resistors, Metal Film Resistors, Wirewound Resistors, Thin Film Resistors, Thick Film Resistors
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How Are New Trends Impacting The Size Of The Resistor Market?
Key players in the resistor market are prioritizing the creation of ground-breaking technologies such as thin-film resistors to ensure stable high resistance. Thin-film technology, an advanced engineering method, comprises the production of extremely thin layers of a material, usually from nanometer scale up to several micrometers in thickness. In October 2022, for example, Yageo Corporation, based in China, unveiled their VT Series: an automotive-grade thin film chip resistor. This resistor is tailored to fulfill the strenuous stability and dependability prerequisites of automotive electronics, telecoms, industry or medical apparatus, measurement equipment, and power systems. It offers high working voltage, superior resistance in environments containing sulfur and complies with AEC-Q200 norms. The VT Series includes resistors that are high precision, stable and offer a broad spectrum of resistance values, making them appropriate for a variety of applications.
Who Are the Key Players In The Resistor Market?
Major companies operating in the resistor market report are:
• Panasonic Corporation
• Honeywell International Inc.
• Walsin Technology Corporation
• TE Connectivity
• Murata Manufacturing
• OKAYA Electric Industries Co. Ltd.
• Samsung Electro-Mechanics
• Rohm Co. Ltd.
• Yageo Corporation
• Vishay Intertechnology
• Bourns Inc.
• AVX Corporation
• CTS Corporation
• Ohmite Manufacturing Company
• Viking Tech Corporation
• Susumu Co. Ltd.
• Stackpole Electronics Inc.
• Cyntec Electronics
• Caddock Electronics Inc.
• Cressall Resistors
• Arcol
• HVR Pentagon
• KOA Corporation
• Shenzhen Sunlord Electronics Co. Ltd.
What Is The Most Dominant Region In The Resistor Market?
Asia-Pacific was the largest region in the resistor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the resistor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
