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Chip Resistor Market size was valued at USD 993.4 billion in 2019 and is poised to grow from USD 1050 billion in 2023 to USD 1610 billion by 2031, growing at a CAGR of 5.5% in the forecast period (2024-2031).

The following major companies in the 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. 'Samsung Electro-Mechanics', 'Murata Manufacturing Co., Ltd.', 'TDK Corporation', 'Taiyo Yuden Co., Ltd.', 'Yageo Corporation', 'Walsin Technology Corporation', 'KOA Corporation', 'Vishay Intertechnology, Inc.', 'Panasonic Electronic Devices Co., Ltd.', 'ROHM Semiconductor', 'Bourns, Inc.', 'Susumu Co., Ltd.', 'Token Electronics Industry Co., Ltd.', 'Cyntec Co., Ltd.', 'Viking Tech Corporation', 'Holy Stone Holdings Co., Ltd.', 'Uniroyal Technology Corporation', 'Darfon Electronics Corporation', 'Caddock Electronics, Inc. ', 'Stackpole Electronics, Inc.'

The chip resistor market is anticipated to expand significantly over the projected period of time due to rising consumer demand for electronic gadgets like smartphones. Additionally, the market is anticipated to rise strongly over the course of the projected period due to the rapid development of automotive and industrial electronics.

The chip resistors market is expanding as a result of the expanding usage of electronics in automobiles. Additionally, the need for chip resistors is being fueled by the rise of data centre infrastructure. The chip resistor market, on the other hand, faces difficulties because of the fluctuating cost of raw materials.

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 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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Global Chip Resistor Market

Product ID: SQSG45K2015