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Chip Resistor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A5072
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Market Overview:
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.
Chip resistors, also known as surface-mount devices or SMD resistors, refer to integrated circuit (IC) devices designed to oppose the flow of electric current. They are typically manufactured in small rectangular or square chip bundles using metal films or metal oxides and covered with multiple layers of a thin protective coating. Nowadays, chip resistors are widely available in fixed and variable resistance variants. They are primarily utilized to operate, protect and control circuits in advanced electronics due to their excellent stability, resistance to temperature, and heat dissipation properties. As a result, chip resistors find extensive applications across numerous industries, including consumer electronics, automotive, transportation, healthcare, information technology (IT) and telecom.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Chip Resistor Market Trends:
The increasing usage of consumer electronics, such as smartphones, laptops, smart TVs, automotive logging devices, and speakers, represents the primary factor driving the market growth. Additionally, the emerging trend of electronics miniaturization and the escalating demand for compact devices are accelerating the adoption of chip resistors as they are more cost-efficient and smaller than traditional lead resistors. Besides this, the leading manufacturers are investing heavily in research and development (R&D) activities to launch innovative product variants and expand their product portfolio. For instance, they have developed a high precision thin film chip resistor with the most robust electro-static discharge (ESD) protection to enhance accuracy and reduce the risks of ESDs in industrial robots and automotive electronic control units (ECUs). Furthermore, the increasing sales of high-end automobiles and hybrid electric vehicles are catalyzing the product demand for use in automotive components. Other factors, including the rising digitization across various end use sectors, growing adoption of 4G and 5G technology, rapid urbanization and inflating consumer disposable incomes, are also creating a positive market outlook.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global chip resistor market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, technology and end use.
Breakup by Type:
- Pressure-Sensitive
- Thermosensitive
- Others
Breakup by Technology:
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- Thick Chip Resistors
- Thin Chip Resistors
- Others
Breakup by End Use:
- Automotive and Transportation
- Consumer Electronics
- Industrial
- IT and Telecommunication
- Others
Breakup by Region:
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- 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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Million |
| Segment Coverage | Type, Technology, End Use, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | 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 |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global chip resistor market was valued at US$ 1,127 Million in 2022.
We expect the global chip resistor market to exhibit a CAGR of 5.7% during 2023-2028.
The extensive utilization of chip resistors to operate, protect, and control circuits in electronic devices, owing to their excellent stability, high-resistance to temperature, and heat dissipation properties, is primarily driving the global chip resistor market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units for chip resistor.
Based on the technology, the global chip resistor market has been segmented into thick chip resistors, thin chip resistors, and others. Among these, thick chip resistors currently represent the largest market share.
Based on the end use, the global chip resistor market can be bifurcated into automotive and transportation, consumer electronics, industrial, IT and telecommunication, and others. Currently, the consumer electronics sector accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America, where Asia-Pacific currently dominates the global market.
Some of the major players in the global chip resistor market include 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.
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