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Global Chip Resistor Market Size, Share, Trends, Forecast: By Type: Thick Chip Resistor, Thin Chip Resistor, General Purpose Chip Resistors, Current-Sensing Resistor, Others; By Shape: Square, Rectangular; By Application: Industrial, Consumer Electronics, Automotive and Transportation, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Chip Resistor Market Outlook
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.
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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 market 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.
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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.
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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:
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| Breakup by Type |
|
| Breakup by Shape |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Application
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Chip Resistor Market Analysis
8.1 Key Industry Highlights
8.2 Global Chip Resistor Historical Market (2018-2023)
8.3 Global Chip Resistor Market Forecast (2024-2032)
8.4 Global Chip Resistor Market by Type
8.4.1 Thick Chip Resistor
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Thin Chip Resistor
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 General Purpose Chip Resistors
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Current-Sensing Resistor
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Chip Resistor Market by Shape
8.5.1 Square
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Rectangular
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Chip Resistor Market by Application
8.6.1 Industrial
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Consumer Electronics
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Automotive and Transportation
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Telecommunication
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Aerospace and Defence
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Medical
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Others
8.7 Global Chip Resistor Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Chip Resistor Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Chip Resistor Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Chip Resistor Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Chip Resistor Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Chip Resistor Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 ROHM CO., LTD.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 YAGEO Group
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 TE Connectivity Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Bourns, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Panasonic Industry Co., Ltd. (Panasonic Corporation)
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Chip Resistor Market: Key Industry Highlights, 2018 and 2032
2. Global Chip Resistor Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Chip Resistor Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Chip Resistor Historical Market: Breakup by Shape (USD Billion), 2018-2023
5. Global Chip Resistor Market Forecast: Breakup by Shape (USD Billion), 2024-2032
6. Global Chip Resistor Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Chip Resistor Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Chip Resistor Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Chip Resistor Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Chip Resistor Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Chip Resistor Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Chip Resistor Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Chip Resistor Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Chip Resistor Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Chip Resistor Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Chip Resistor Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Chip Resistor Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Chip Resistor Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Chip Resistor Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Chip Resistor Market Structure
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.
Analyst Review
The global chip resistor market attained a value of nearly USD 1.20 billion in 2023, driven by the increasing manufacturing of consumer electronics. Aided by technological advancements and innovations, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 6.2%. The market is estimated to reach about USD 2.05 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. The chip resistor market, by type, is divided into thick chip resistor, thin chip resistor, general purpose chip resistors, and current-sensing resistor, among others. Based on shape, the market is segmented into square and rectangular. On the basis of application, the market is segmented into industrial, consumer electronics, automotive and transportation, telecommunication, aerospace and defence, and medical, among others. The major regional markets for chip resistor are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ROHM CO., LTD., YAGEO Group, TE Connectivity Corporation, Bourns, Inc., and Panasonic Industry Co., Ltd. (Panasonic Corporation), among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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