USD 993.4 billion
Report ID: SQSG45K2015 | Region: Global | Published Date: December, 2022 | Pages: 157 | Tables: 65 | Figures: 75
Chip Resistor Market size was valued at USD 993.4 billion in 2021 and is poised to grow from USD 1050 billion in 2022 to USD 1610 billion by 2030, growing at a CAGR of 5.5% in the forecast period (2023-2030).
The market growth is anticipated owing to recent breakthroughs including green electronics and high-definition gadgets, as well as rising demand for consumer electronics. Moreover, a significant driver propelling growth of the chip resistor market is the swift expansion of automotive and industrial electronics globally. Additionally, it is anticipated that the ongoing advancements in cutting-edge technologies, such as autonomous and electric vehicles, IoT, and 5G networks, would create profitable prospects for the expansion of the worldwide chip resistor market. Chip resistors may enhance current chip and electrical conversion technologies, enhancing the efficient integration of company resources. Chip resistors can limit DC or AC, which is used to reduce the voltage or keep the current in an electrical circuit at a specific size. In addition to being variable or changeable within a specified range, resistors can also have a fixed resistance value.
US Chip Resistor Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 993.4 billion
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Global Chip Resistor Market is segmented by Type, End Use, and region. Based on Type, the market is segmented as, Thick Film, Thin Film, Others. Based on End Use, the market is segmented as, Automotive & Transportation, Consumer Electronics, Industrial, IT & Telecommunication, Others. By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and MEA.
Chip Resistor Market Analysis by Type
The thick film chip resistor segment is predicted to generate significant revenue during the analysis time frame. The increasing adoption of electronics and electrical devices and the rise in the demand for advanced miniature tools in various industries such as automotive, consumer electronics, and many more are expected to bolster the growth of the segment over the forecast period.
Chip Resistor Market Analysis by End Use
The telecommunication segment is projected to garner a significant revenue share throughout the forecast period. The growing number of smart devices and smartphones in this technologically advanced world coupled with the increasing necessity of working from home are expected to amplify the growth of the segment during the analysis time frame.
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On the basis of region, it is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa (MEA). North American is anticipated to have the biggest revenue share in global Chip Resistor market in 2021, and the same trend is anticipated throughout the forecast period. Due to China's large output and resource availability, the Asia Pacific region is one of the major producers of electronic devices, whilst Europe is expected to be the top consumer of these products. Over the projected period, the Asia-Pacific region's chip resistor market is anticipated to notable revenue share. During the course of the analysis period, the region's market is expected to increase due to the rising acceptance of high-end technology-based gadgets and the region's low cost of electronics.
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Chip Resistor Market Driver
Chip Resistor Market Restraint
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The following major companies in the global chip resistor market are examined in-depth in the study, with attention paid to their production capacity, market shares, and recent developments such as capacity expansions, plant turnarounds, and mergers and acquisitions.
Chip Resistor Market top Player's Company Profiles
Chip Resistor Market Recent Developments
SkyQuest’s ABIRAWA (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research
According to our analysis, global chip resistor market is anticipated to grow as a result of consumer demand for devices like smartphones and the rise of applications like the Internet of Things and cloud computing. The market is projected to be driven by the adoption of new technologies like 5G networks and artificial intelligence (AI), as well as a large increase in automotive and industrial electronics. Additionally, the performance specifications for resistors used in automatic external defibrillators (AEDs), including cardiac monitoring circuits, are very strict. This is boosting the market for chip resistors by increasing the use of chip resistors that can handle high voltages, dissipate about 10W of power, and provide voltage linearity and temperature stability.
|Market size value in 2021||USD 993.4 billion|
|Market size value in 2030||USD 1050 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Chip Resistor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Chip Resistor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Chip Resistor Market:
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Product ID: SQSG45K2015