Global Chip Resistor Market: Insights

Global Chip Resistor Market  is valued at USD 1.5 Billion in 2021 and is projected to reach a value of USD 2.0 Billion by 2028 at a CAGR of 5.70% over the forecast period.

Market Dynamics:

The Chip Resistor Market is poised to grow during the forecast period due to increasing demand for energy-efficient products and rising requirements for reliability in electronic systems. Further, the market is also witnessing growth in wireless applications due to the growing adoption of 5G networks. The key element fueling market expansion is the rising demand for consumer electronics such as smartphones, laptops, smart TVs, automobile logging devices, and speakers. As a result of their lower production costs and smaller size compared to lead resistors, Chip Resistor Markets are becoming increasingly popular as electronic downsizing becomes more widespread. On top of that, the top producers are spending money on R&D to develop new product lines and improve existing ones.

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Top players in the Global Chip Resistor Market include

• Bourns Inc. (US)
• TE Connectivity (Switzerland)
• Vishay Intertechnology Inc. (US)
• Koa Corporation (Japan)
• Tzai Yuan Enterprise Co. (Taiwan)
• International Manufacturing Services (US)
• Yageo Corporation (Taiwan)
• Rohm Semiconductor (Japan)
• AVX Corporation (US)
• Susumu Co. Ltd. (Japan)

For Additional Information on Chip Resistor Market Players and Detail List, Download a Report PDF Brochure 

To improve precision and lessen the dangers of ESDs in industrial robots and automobile electronic control units, for example, they have created a high-precision thin film Chip Resistor Market with the most robust electro-static discharge (ESD) protection (ECUs). Cars made after 2021 must have an ESD protection rating of at least 2,000 V/m. This means the car must withstand a voltage drop of 2,000 volts over a distance of 1 meter. The rising popularity of luxury and hybrid electric vehicles  also drives demand for these products' automotive applications. Increasing levels of digitization across a wide range of end-use industries, rising adoption of 4G and 5G technologies, expanding urban centers, and rising consumer disposable incomes are also contributing to this optimistic market forecast.

Some key developments expected to drive growth in the Chip Resistor Market  include advancements in electronic packaging technology, rising demand for smart meters, and increased adoption of wireless connecting devices. Some key restraints on the Chip Resistor Market's growth include limited raw materials availability, stringent environmental regulations, and increasing demand for renewable energy sources. In addition, there are also concerns over the manufacturing process and its impact on human health. One of the key restraints on the growth of the Chip Resistor Market is the growing need for lower power consumption in electronic devices. This is due to stringent environmental regulations and ever-increasing demand for energy-efficient products. Another constraint is pricing pressure from incumbent suppliers and new entrants seeking to gain a foothold in this lucrative market.

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Key Developments:

• International R&D corporation Texas Instruments (TI) has developed a new Chip Resistor Market that can be used in various electronic devices.
• Japanese tech giant Panasonic has also come up with a new Chip Resistor Market technology, which is less prone to overheating and more durable.
• The 1.07 GHz wireless chipset market is expected to grow from USD 5.8 billion in 2017 to USD 11.5 billion by 2022, at a CAGR of 7%. The growth is mainly attributed to the increasing demand for high-speed Wi-Fi systems and the expanding usage of 5G networks.
• Polysilicon Chip Resistor Markets are expected to dominate the 1.3 V/3 V Chip Resistor Market during the forecast period owing to their low cost and high-performance attributes. Metal oxide semiconductor (MOS) Chip Resistor Markets will also be popular due to their wide range of applications and small size. During the forecast period, gallium arsenide Chip Resistor Markets will emerge as a major player in the 1.3 V/3 V Chip Resistor Market owing to their enhanced performance and lower costs compared to other materials used in this segment.
• In China, dominant player Sanyo Electric Co. Ltd. is aggressively expanding its line of Chip Resistor Markets across various applications, including mobile phones, digital TV sets, and other consumer electronics.
• In India, Resistive Technologies Limited (RTCL) is one of the country's largest manufacturers of Chip Resistor Markets. The company recently agreed with Qualcomm Incorporated to supply its chips for next-generation LTE smartphones and tablets. RTCL also plans to enter the automotive market with its latest product line.
• Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC) has developed an innovative Chip Resistor Market manufacturing process to produce better quality resistors.

Segmentation of the Global Chip Resistor Market:

By Type

• Thick Film
• Thin Film *Others

By End Use

• Automotive & Transportation
• Consumer Electronics
• Industrial
• IT & Telecommunication *Others

By Regional

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Lower demand for passive components is also a restraint due to increasing reliance on active components in modern electronic devices. Another restraint is the increasing adoption of FinFETs in chips for high-performance computing, as these offer higher endurance and power efficiency requirements leading to increased demand for Chip Resistor Markets  with low power dissipation ratings. Some key developments that are anticipated to propel the growth of the Chip Resistor Market include growing demand from automotive and transportation systems due to greater adoption of connected driverless cars and autonomous vehicles, a growing need for energy-efficient chips owing to escalating global pollution levels, increase in deployment of wireless sensors across various applications; rising demand for smart devices owing to their functionality enhancements over traditional devices; etc.

Developing markets account for most of the growth in the semiconductor market , with annual shipments estimated to be 58% higher this year than they were five years ago. The combination of strong economic growth and an increasing demand for electronic devices is fueling the expansion of the emerging market. China is expected to continue to dominate developing markets, accounting for more than half of all semiconductor sales this year. But other countries are also seeing significant growth.

South Korea and Brazil are expected to see double-digit growth rates this year, while India and Mexico are projected to grow by 10%. The primary drivers of increased demand in these markets are rapid urbanization and consumer spending on electronics. In China, government policy support for innovation is helping drive demand for high-tech products such as semiconductors. A rapidly growing population in India is driving increased demand for electric vehicles and other electronics. And in Mexico, a recovering economy is resulting in increased investment in consumer electronics such as smartphones and tablets.

As the global semiconductor market grows, companies must ensure that their products meet emerging market needs. By understanding these markets and incorporating their specific demands into product development plans, manufacturers can ensure that they remain competitive and successful in these sectors.

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Regional Analysis

North America will account for the largest market share of Chip Resistor Market. The major factors contributing to the growth of this market are increasing demand for low-power resistors and sensors owing to increasing recognition of energy conservation and environmental awareness, as well as the growing need for smart manufacturing solutions. Asia Pacific will be the second largest region, with a share of 23%. Europe will be the third largest region with a share of 16%.

The primary drivers behind the growth of this market are the rising demand for low-power resistors and sensors in end-user applications such as automotive, communications, consumer electronics, and medical devices, among others. Latin America and, the Middle East & Africa are expected to account for 7% and 5% of the global market, respectively. The Middle East & Africa market is projected to grow at a modest rate over the forecast period owing to stringent government regulations about electrical equipment and rapid expansion of infrastructure development in this region.

Scope of the Report:

Conclusion

Increase in use in consumer electronic devices will have a favorable impact on the overall Chip Resistor Market.

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