Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Chip Resistor Market Size

The global chip resistor market attained a value of nearly USD 1.20 billion in 2023. The market is estimated to grow in the forecast period of 2024-2032 at a CAGR of 6.2% to reach about USD 2.05 billion by 2032.

chip-resistor-market

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Rapid Growth of the Asia Pacific Market to Augment the Overall Market Growth of Chip Resistor

The Asia Pacific region is anticipated to register robust growth in the global chip resistor industry during the forecast period on account of the huge production of electronic devices, along with the availability of resources in countries like China. With the expansion and development of the consumer electronics manufacturing sector, coupled with the emerging economic growth of the region, the market for chip resistor is likely to robustly grow in the Asia Pacific region over the coming years. Moreover, the surging adoption of EVs and advancements in electric and hybrid vehicles in the region are likely to enhance the demand for integrated circuits, hence driving the market growth of the chip resistor. The introduction of various favourable government initiatives to boost chip manufacturing is expected to bolster the market demand for chip resistor in the region. For Instance, in December 2021, the Indian government unveiled a plan of INR 76000 crore to encourage chip-making in the country.

Market Segmentation

A chip resistor refers to a component that restricts the flow of electrical current. It is primarily used to operate, control or safeguard circuits. It is also known as an SMD resistor or surface-mount device and finds extensive application in various end-use industries like automotive and electronics, among others.

chip-resistor-market-by-segmentation

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The market for chip resistors, by type, is divided into:

  • Thick Chip Resistor
  • Thin Chip Resistor
  • General Purpose Chip Resistors
  • Current-Sensing Resistor
  • Others

The market can be broadly categorised on the basis of shape segments into:

  • Square
  • Rectangular

Based on application, the market is segmented into:

  • Industrial
  • Consumer Electronics
  • Automotive and Transportation
  • Telecommunication
  • Aerospace and Defence
  • Medical
  • Others

The EMR report looks into the regional markets of chip resistor like Latin America, North America, Europe, the Asia Pacific, and the Middle East and Africa.

chip-resistor-market-by-region

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Growing Demand for Chip Resistors in the Electronics and Automotive Industry Driving the Market

The global chip resistor market is being driven by the increasing utilisation of the product in electronics and automotive applications. Going further, with the surging novel innovations like high-definition equipment and eco-friendly electronic products, the demand for products is escalating in the electronics industry, which is fuelling the market growth of chip resistors. The rapid digitisation in various industries like telecommunication, robotics, and software, among others, is further driving the market growth of chip resistor. The growing technological developments in the medical industry and the rising utilisation of portable medical equipment are bolstering the demand for chip resistors. Moreover, the performance requirements of resistors utilised in automatic external defibrillators (AEDs), including cardiac monitoring circuits are extremely demanding. This, in turn, is surging the utilisation of chip resistors that can withstand high voltages and dissipate about 10W of power while providing voltage linearity and temperature stability, which is further bolstering the market for chip resistors.

Key Players in the Global Market for Chip Resistor

The report presents a detailed analysis of the following key players in the global chip resistor market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • ROHM CO., LTD.
  • YAGEO Group
  • TE Connectivity Corporation
  • Bourns, Inc.
  • Panasonic Industry Co., Ltd. (Panasonic Corporation)
  • Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Shape
  • Application
  • Region
Breakup by Type
  • Thick Chip Resistor
  • Thin Chip Resistor
  • General Purpose Chip Resistors
  • Current-Sensing Resistor
  • Others
Breakup by Shape
  • Square
  • Rectangular
Breakup by Application
  • Industrial
  • Consumer Electronics
  • Automotive and Transportation
  • Telecommunication
  • Aerospace and Defence
  • Medical
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • ROHM CO., LTD.
  • YAGEO Group
  • TE Connectivity Corporation
  • Bourns, Inc.
  • Panasonic Industry Co., Ltd. (Panasonic Corporation)
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global chip resistor market attained a value of nearly USD 1.20 billion.

The market is assessed to grow at a CAGR of 6.2% between 2024 and 2032.

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach almost USD 2.05 billion by 2032.

The major market drivers include the rising manufacturing of consumer electronics, increasing digitisation in several industries, and introduction of various government initiatives to boost chip manufacturing.

The key market trends guiding the growth of the market include the growing adoption of chip resistors in various industries like automotive and transportation, the increasing use of portable medical devices, and technological advancements and innovations in the market.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The various types of chip resistors in the market are thick chip resistor, thin chip resistor, general purpose chip resistors, and current-sensing resistor, among others.

The different shapes of chip resistor include square and rectangular.

The several applications of chip resistors in the market are industrial, consumer electronics, automotive and transportation, telecommunication, aerospace and defence, and medical, among others.

The major players in the market are ROHM CO., LTD., YAGEO Group, TE Connectivity Corporation, Bourns, Inc., and Panasonic Industry Co., Ltd. (Panasonic Corporation), among others.

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