Chip Resistor Market | Contrive Datum Insights

The Chip Resistors Market Size Was Valued At USD 999.4 Million In 2022 And Is Expected To Reach USD 1,567.2 Million By 20230, At A CAGR Of 5.9% From 2023 To 2030.

Chip Resistor Market Overview:

A chip resistor is an integrated circuit (IC) device packaged in a rectangular or square chip and is a very compact surface mount electronic component designed to provide a known resistance to any current flowing through it. They are used to operate, protect or control circuits. They may have a fixed resistance value or a flexible or adjustable on-chip resistance value within a specific range. Chip resistors, also known as surface mount device or SMD resistors, are widely used in automotive and transportation, consumer electronics, industrial, and IT and telecom applications.

Chip Resistor market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Chip Resistor market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Major Market Segments Covered in Chip Resistor Industry Research:

Market Key Players:
Rohm, BDS Electronics Inc, Tzai Yuan Enterprise Co., Yageo, Vishay, KOA Corporation, China Zhenhua Group, Viking Tech, International Manufacturing Services, Sevenstar, Samsung Electro-Mechanics, AVX, Murata Manufacturing Co., Bourns, Panasonic, ASJ Holdings Limited, Ohmite, TE Connectivity, TT Electronics, And Others.

By Type:

• Thick Film, Thin Film

By Application:

• Consumer Electronics, Medical, Industrial, Automotive and Transportation, Aerospace and Defense, Telecommunication, Others

By Region:

Geographically, Asia Pacific is one of the largest producers of electronic equipment due to mass production and resource availability in China, while Europe is estimated to be the largest purchaser of electronic equipment. Sales of semiconductors are expected to grow about 15% through 2020. The automotive segment is likely to be the largest market for thick film resistors by end-use industry during the forecast period. It is assumed that the thick film resistors market demand will increase with the increasing demand for fast internet connections, consumer electronics, comfort and luxury features. Government regulations for high-safety installation of equipment have increased the demand for high-precision chip resistors in European countries and North America.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Notable factors positively impacting the growth of the chip resistors market include the wave of digitalization and increasing demand for consumer electronics. Electronic devices such as TVs, computers or smartphones are popular. Chip resistors consume the highest amount in consumer electronics for the safety of the system or device to limit the current flow in the device. As chip resistors are integrated into various electronic devices, the demand for chip resistors is also increasing. This is attributed to the increasing demand for the use of chip resistors, which in turn drives the market growth.

However, high manufacturing costs associated with chip resistors hamper the market growth. The raw materials used to manufacture chip resistors are expensive, which increases the cost of chip resistors. Furthermore, increasing automotive and transportation applications along with technological advancements in the healthcare industry are expected to provide lucrative opportunities for the growth of the chip resistor industry in the coming years.

Chip Resistor Market report scope:

Key Takeaways from this Chip Resistor Report

• Estimate Chip Resistor market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Chip Resistor market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Chip Resistor market?

The Chip Resistor Market is growing at a CAGR of 5.9% During Forecast Period.

 What are the key types of Chip Resistor market?

Thick Film, Thin Film

What are the key applications of Chip Resistor market?

Consumer Electronics, Medical, Industrial, Automotive and Transportation, Aerospace and Defense, Telecommunication, Others                                                      

Who are the key players in Chip Resistor market?

Rohm, BDS Electronics Inc, Tzai Yuan Enterprise Co., Yageo, Vishay, KOA Corporation, China Zhenhua Group, Viking Tech, International Manufacturing Services, Sevenstar, Samsung Electro-Mechanics, AVX, Murata Manufacturing Co., Bourns, Panasonic, ASJ Holdings Limited, Ohmite, TE Connectivity, TT Electronics, And others.