The resistor global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Resistor Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The resistor market size has grown steadily in recent years. It will grow from
$10.18 billion in 2023 to $10.6 billion in 2024 at a compound annual growth
rate (CAGR) of 4.2%. The growth in the historic period can be attributed to
increased consumer electronics demand, emergence of IoT devices, enhanced
energy efficiency, military and aerospace applications, increased interest in
augmented reality (AR).
The resistor market size is expected to see steady growth in the next few
years. It will grow to $12.3 billion in 2028 at a compound annual growth rate
(CAGR) of 3.9%. The growth in the forecast period can be attributed to
increasing use in automotive HUDs, advancements in flexible electronics,
integration with edge computing, healthcare industry adoption, expanded
applications in smart cities. Major trends in the forecast period include
biodegradable transparent electronics, integration with AI and machine
learning, augmented reality applications, integration with blockchain
technology, focus on transparent batteries.
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Scope Of Resistor Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Resistor Market Overview
Market Drivers -
The increasing demand for wearable devices is expected to propel the growth of
the resistor market going forward. Wearable devices refer to electronic devices
that can be worn on the body as accessories that are equipped with various
sensors and often connect to smartphones or other devices to provide
information or perform functions. The resistors are used in wearable devices to
provide essential components that enable precise control, miniaturization, and
innovation in electronic devices. For instance, according to the National
Center for Biotechnology Information, a US-based National Library of Medicine,
in 2021, the number of wearable devices in use was approximately 600 million.
Further, this number increased to 928 million in 2021 and 1100 million in 2022.
Therefore, the increasing demand for wearable devices is driving the growth of
the resistor market.
Market Trends -
Major companies operating in the resistor market are focusing on developing
innovative technology, such as thin-film resistors, to maintain high resistance
stability. Thin-film technology is a modern engineering approach that involves
the development of very thin layers of material, typically ranging from a
nanometer to a few micrometers in thickness. For instance, in October 2022,
Yageo Corporation, a China-based company, launched VT Series, an
automotive-grade thin film chip resistor. This resistor is designed to meet the
high stability and reliability requirements of automotive electronics,
telecommunication, industrial or medical equipment, measuring equipment, and
power systems. It offers features such as high working voltage, superior
resistance against sulfur-containing environments, and compliance with AEC-Q200
standards. The VT Series includes resistors with high precision, stability, and
a wide range of resistance values, making them suitable for various
applications.
The resistor market covered in this report is segmented –
1) By Type: Linear Resistors, Fixed Resistors
2) By Material: Thin Films, Thick Films
3) By Application: Automotive, Aerospace And Defense, Communications , Consumer
Electronics And Computing, Other End-user Industries
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Regional Insights -
Asia-Pacific was the largest region in the resistor market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the resistor market report are Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East,
Africa.
Key Companies -
Panasonic Corporation, Honeywell International Inc., Walsin Technology
Corporation, TE Connectivity, Murata Manufacturing, OKAYA Electric Industries
Co. Ltd., Samsung Electro-Mechanics, Rohm Co. Ltd., Yageo Corporation, Vishay
Intertechnology, Bourns Inc., AVX Corporation, CTS Corporation, Ohmite
Manufacturing Company, Viking Tech Corporation, Susumu Co. Ltd., Stackpole
Electronics Inc., Cyntec Electronics, Caddock Electronics Inc., Cressall
Resistors, Arcol, HVR Pentagon, KOA Corporation, Shenzhen Sunlord Electronics
Co. Ltd.
Table of Contents
1. Executive Summary
2. Resistor Market Report Structure
3. Resistor Market Trends And Strategies
4. Resistor Market – Macro Economic Scenario
5. Resistor Market Size And Growth
…..
27. Resistor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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