Resistor Market 2024 - By Size, Share, Growth Rate, Emerging Trends, Development Status, Revenue Outlook And Forecast 2033
Overview and Scope
A resistor is a passive electrical
component that creates resistance in the flow of electric current. It is a
fundamental component in electronic design and is widely used in countless
electronic devices and systems. It is employed to control or restrict how much
electrical current can pass across a circuit.
Sizing and Forecast
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).
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Segmentation & Regional
Insights
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
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.
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Major Driver Impacting Market
Growth
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.
Key Industry Players
Major companies operating in the
resistor market report are 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.
The resistor market report
table of contents includes:
1. Executive Summary
2. Resistor Market Characteristics
3. Resistor Market Trends And
Strategies
4. Resistor Market - Macro
Economic Scenario
5. Global Resistor Market Size and
Growth
...........................
32. Global Resistor Market
Competitive Benchmarking
33. Global Resistor Market
Competitive Dashboard
34. Key Mergers And Acquisitions
In The Resistor Market
35. Resistor Market Future Outlook
and Potential Analysis
36. Appendix
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