Chip Resistor Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
Report Description
The global chip resistor market size was valued at USD 1,932.8 million in 2020 and is projected to reach USD 2,800.6 million by 2027 growing at a CAGR of 6.5% from 2021 to 2027.
The primary factors, driving the worldwide chip resistor market growth, are technological advancements and continuous innovations in the testing methods used for drug screening and testing, and rigorous investments by major market players in research activities.
Market Dynamics
The chip resistor market is expected to witness prominent growth over the forecast period. The growing demand for consumer electronics along with recent innovations, such as eco-friendly electronic products and high definition equipment are the factors expected to drive the chip resistor market share and size in the predicted timeframe. In addition, rapid growth in automotive and industrial electronics across the globe is another crucial factor for the chip resistor market growth. Moreover, the continuous developments in emerging technologies, such as autonomous and electric vehicles, IoT, and 5G networks are predicted to provide lucrative opportunities for the growth of the global chip resistor market. Chip Resistors have the potential to enhance existing chip and electric conversion technology to improve enterprise resource mobilization and efficiently incorporate measures to advance electricity usage in business organizations. However, the price volatility of raw materials of chip resistors may hamper the market growth in the near future.
Regional Overview
The largest regional growth in the global chip resistor market is expected to come from the Asia-Pacific region, owing to its increasing emphasis on expansion and diversification capacities, and steady growth in the electronic devices usage and commercial electricity consumption sector. Integrated circuits use chip resistors to access the untapped capabilities of current flow thereby using the electricity current sources efficiently and generating household and consumer usage current for both industrial, commercial and consumer-oriented purposes. With the increased expansion in the electric and hybrid vehicles market and an ever-increasing base of customers, the Asia-Pacific region has the potential to become the largest market contributor towards the growth of the chip resistor market. Leakage detection is considered to be one of the prime characteristics of advanced chip resistors.
Segment Overview
The chip resistor market is fragmented into various segments based on type and end-use. Based on the type, the market is divided into thick film, thin-film, and others. Among these, the thick film segment is anticipated to dominate in terms of market share in the global chip resistor market. By end-use, the market is divided into automotive & transportation, industrial, IT & telecommunication, consumer electronics, and others. Among these, the consumer electronics segment is projected to witness the fastest growth during the forecast period.
Competitive Landscape
Companies manufacturing chip resistors are constantly in search of measures to improve efficiency, productivity, growth, and advancement in the electricity usage and incorporation sector. Thereby it is a viable and lucrative technology that is constantly being adopted by large industrial sector affiliates. The key players operating in the chip resistor market have adopted innovative strategies and collaborative agreements to strengthen their presence in the existing market and thereby improve market presence. Portfolio diversification, product capability expansion, mergers and acquisitions with top companies acquiring small scale companies, and simultaneous improvement in the market strategies are some of the prime competitive strategies that have endorsed the growth of the chip resistor market.
According to the recent trends noticed after the emergence of COVID-19, significant damage has been noticed owing to the complete closure in industrial facilities thereby stalling production and risking the growth opportunities for firms looking to grow and expand in the chip resistor market. However, companies are adopting several strategies to recover from the pandemic crisis. For instance, in May 2021, Vishay Intertechnology, the leading manufacturer of semiconductors & passive electronic components, unveiled high precision thin film wraparound chip resistor, ‘Sfernice P2TC’ which is to be used in industrial, military, medical, and aerospace applications.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):
- ROHM Semiconductor
- Bourns Inc.
- Yageo Corporation
- TE Connectivity
- CTS Corporation
- Vishay Intertechnology Inc.
- Panasonic Corporation
- SUSUMU Co. Ltd.
- Tzai Yuan Enterprise Co.
- Koa Corporation
- Samsung Electro-Mechanics
- International Manufacturing Services
- Viking Tech
- AVX Corporation
- Murata Manufacturing Co., Ltd
- TT Electronics
Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Thin Film
- Thick Film
- Others
End-Use Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Automotive & Transportation
- IT & Telecommunication
- Industrial
- Consumer Electronics
- Others
Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain, etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina, etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)
Table Of Content
TABLE OF CONTENT
1. Chip Resistor Market Overview
1.1. Product Overview and Scope of Chip Resistor
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Chip Resistor Market Size Growth Rate Analysis by Type 2020 VS 2027
1.3.1. Thin Film
1.3.2. Thick Film
1.3.3. Others
1.4. Global Chip Resistor Consumption Comparison by End-Use: 2020 VS 2027
1.4.1. Automotive & Transportation
1.4.2. Industrial
1.4.3. IT & Telecommunication
1.4.4. Consumer Electronics
1.4.5. Others
1.5. Global Chip Resistor Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.5.1. North America Chip Resistor Estimates
1.5.2. Europe Chip Resistor Estimates
1.5.3. China Chip Resistor Estimates
1.5.4. Japan Chip Resistor Estimates
2. Market Competition by Manufacturers
2.1. Global Chip Resistor Revenue Market Share by Manufacturers (2020)
2.2. Chip Resistor Market Share by Company End-Use(Tier 1, Tier 2 and Tier 3)
2.3. Global Chip Resistor Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Chip Resistor Production Sites, Area Served, Types
2.5. Chip Resistor Market Competitive Situation and Trends
2.5.1. Chip Resistor Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Chip Resistor Consumption by Region (2016-2021)
3.1. Global Chip Resistor Consumption by Region
3.2. Global Chip Resistor Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Chip Resistor Consumption Growth Rate (2016-2021)
3.2.3. North America Chip Resistor Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Chip Resistor Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Chip Resistor Consumption Growth Rate (2016-2021)
3.2.7. Europe Chip Resistor Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Chip Resistor Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Chip Resistor Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Chip Resistor Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Chip Resistor Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Chip Resistor Consumption Growth Rate (2016-2021)
3.2.15. South America Chip Resistor Consumption, Price and Gross Margin (2016-2021)
3.2.16. South America Chip Resistor Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Chip Resistor Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Chip Resistor Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Chip Resistor Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Chip Resistor Consumption by Type(2016-2021)
4.1. Global Chip Resistor Price by Type(2016-2021)
4.2. Global Chip Resistor Revenue Market Share by Type(2016-2021)
4.2.1. Thin Film
4.2.2. Thick Film
4.2.3. Others
5. Global Chip Resistor Consumption by End-Use(2016-2021)
5.1. Global Chip Resistor Price by End-Use(2016-2021)
5.2. Global Chip Resistor Revenue Market Share by End-Use(2016-2021)
5.2.1. Automotive & Transportation
5.2.2. Industrial
5.2.3. IT & Telecommunication
5.2.4. Consumer Electronics
5.2.5. Others
6. Key Companies Profiled
6.1. ROHM Semiconductor
6.1.1. ROHM Semiconductor Chip Resistor Corporation Information
6.1.2. ROHM Semiconductor Chip Resistor Product Portfolio
6.1.3. ROHM Semiconductor Chip Resistor Consumption, Price and Gross Margin (2016-2021)
6.1.4. ROHM Semiconductor Main Business and Markets Served
6.1.5. ROHM Semiconductor Recent Developments/Updates
6.2. Bourns Inc.
6.3. TE Connectivity
6.4. Vishay Intertechnology Inc.
6.5. CTS Corporation
6.6. Panasonic Corporation
6.7. Samsung Electro-Mechanics
6.8. Yageo Corporation
6.9. AVX Corporation
6.10. SUSUMU Co. Ltd.
6.11. Koa Corporation
6.12. Tzai Yuan Enterprise Co.
6.13. International Manufacturing Services
6.14. Murata Manufacturing Co. Ltd
6.15. TT Electronics
6.16. Viking Tech
7. Marketing Channel, Distributors and Customers
7.1. Marketing Channel
7.2. Chip Resistor Distributors List
7.3. Chip Resistor Customers
8. Market Dynamics
8.1. Chip Resistor Industry Trends
8.2. Chip Resistor Growth Drivers
8.3. Chip Resistor Market Challenges
8.4. Chip Resistor Market Restraints
9. Global Chip ResistorConsumption and Demand Forecast, by Region (2022-2027)
9.1. Global Forecasted Demand Analysis of Chip Resistor, by Regions and Country
9.1.1. North America Forecasted Consumption of Chip Resistor by Country
9.1.2. Europe Market Forecasted Consumption of Chip Resistor by Country
9.1.3. Asia Pacific Market Forecasted Consumption of Chip Resistor by Region
9.1.4. Latin America Forecasted Consumption of Chip Resistor by Country
9.1.5. Middle East and Africa Forecasted Consumption of Chip Resistor by Country
10. Global Chip Resistor Consumption and Demand Forecast, by Device Segments (2022-2027)
10.1. Global Forecasted Consumption of Chip Resistor by Device Segments (2022-2027)
10.2. Global Consumption and Price Forecast by Device Segments (2022-2027)
10.3. Global Forecasted Growth Rate of Chip Resistor by Device Segments (2022-2027)
11. Research Finding and Conclusion
12. Methodology and Data Source
12.1. Methodology/Research Approach
12.1.1. Research Programs/End-Use
12.1.2. Market Size Estimation
12.1.3. Market Breakdown and Data Triangulation
12.2. Data Source
12.2.1. Secondary Sources
12.2.2. Primary Sources
12.3. Author List
12.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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