Chip Resistor Market Trends, Share, Analysis and Global Forecast 2023-2028

The global chip resistor market size reached US$ 1,127 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,626 Million by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.

IMARC Group, a leading market research company, has recently releases report titled “Chip Resistor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global chip resistor market trends, share, size, growth and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

A chip resistor is a passive electronic component used to resist or limit the flow of electric current in a circuit. It is a small, rectangular component with various sizes and resistance values. It is a surface-mounted device (SMD) unlike traditional through-hole resistors, which have leads that are soldered to a circuit board. It is designed to be placed directly onto the surface of a printed circuit board (PCB) and is soldered in place. It is commonly used in multiple electronic devices, including smartphones, computers, and industrial machinery, to regulate voltage, divide currents, and perform other essential functions in electronic circuits.

The global chip resistor market size reached US$ 1,127 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,626 Million by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.

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What are the growth prospects and trends in the chip resistor industry?

The increasing employment of chip resistors in the automotive industry for controlling electrical currents in various systems like engine control units, airbags, and infotainment systems represents one of the primary factors bolstering the market growth around the world.

Moreover, the rising adoption of chip resistors in medical devices, such as heart rate monitors and magnetic resonance imaging (MRI) machines, to ensure the accurate functioning of these devices by regulating electrical currents is favoring the growth of the market.

Besides this, the growing usage of chip resistors in telecommunications equipment like routers, switches, and base stations is influencing the market positively.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Type:

  • Pressure-Sensitive
  • Thermosensitive
  • Others

Breakup by Technology:

  • Thick Chip Resistors
  • Thin Chip Resistors
  • Others

Breakup by End Use:

  • Automotive and Transportation
  • Consumer Electronics
  • Industrial
  • IT and Telecommunication
  • Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Bourns Inc., International Manufacturing Services Inc, Koa Corporation, Panasonic Corporation, Rohm Semiconductor, Samsung Electro-Mechanics, Susumu International U.S.A., TE Connectivity, TT Electronics Plc, Viking Tech Corporation, Vishay Intertechnology Inc. and YAGEO Group.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Vikas Chauhan

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