Chip Resistor Market Size, Share and Global Trend By Type (Thick chipResistor, Thin chip Resistor, Current-sensing Resistor, General purpose chip resistors), By Application (Consumer electronics,Industrial, Automotive & Transportation, Medical, Telecommunication, Aerospace & Defence), By Shape (Square, Rectangular), and Regional Forecast, 2024-2032

Chip resistors have the attributes of limiting DC or AC, which is utilized to drop the voltage or keep up the current at a specific dimension inside an electronic circuit. Resistors either have a fixed value of resistance, or they may be variable or adjustable within a certain range. They can be used to protect, operate, or control circuits. Chip resistors find appliocation in industries such as consumer electronics, industrial manufacturing , automotive & transportation, medical, telecommunication, aerospace & defence, among others.

Chip resistors are designed for current detection and high accuracy it is well-suited for use in telecommunication, automotive, and consumer electronics industries such as for radio and tape recorders, TV tuners, video cameras, watches, pocket calculators where it can be used for DC-to-DC conversion, AC adaptors, automotive ECU, and motor circuits. For instance, MRI scanners have certain challenges for its designs, specifically, the requirement for control circuits to work inside very solid magnetic fields; its parts must be free of ferrous composites and nickel. Capless through-hole resistors and nickel-free chip resistors are available for such necessities. Resistor developments likewise are going to help in medical applications such as ECG monitors and analytical instruments that require sensitive signals initially and then amplify small signals.

Key Players Covered

Key players dominating the global chip resistor market are Samsung, Rohm Semiconductor, YAGEO Corporation, TE Connectivity, Bourns, Inc., TT Electronics, Electro-Mechanics, Murata Manufacturing among others.

One of the key player, Yageo, provides optimised current sensing chip resistors, which have power available from 0.05 to 10 watts. These chip resistors are appropriate for use in various power control circuits of the computers, notebook, or portable devices, battery packs, power supplies, converters and other devices which also need to have current sensing and over current protection requirements.

SEGMENTATION

Regional Analysis

Geographically, Asia Pacific is among the largest electronic device producing country due to bulk production and availability of resources in China while Europe is estimated to be the top electronic device purchaser. The sales of semiconductor are expected to grow by approximately 15 percent by 2020. The automotive segment is likely to be the largest market for thick film resistor, by end-use industry, during the forecast period. It is assumed that the thick film resistormarket demand will increase with the boost in the requirement offast internet connectivity, consumer electronic, comforting and luxurious feature. Government regulation for high safety installation of euquipment has increased the demand for high accuracy chip resistor in Europeion countries and North America.

Key Industry Developments

• January 2015: Bourns announced new series of thick film high voltage chip resistors for high voltage and consumer electronics applications
• May 2018: Chip Resistors for Geostationary Commercial Satellites used TT Electronics’ MIL-CHIP, 8900 series of Precision Military and Space Qualified Chip Resistors were successfully used in geostationary commercial satellites for satellite signal conditioning.