PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1477021
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1477021
Thick Film Resistor Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024-2030)
The thick-film resistor market reached a value of USD 712.2 million in 2023, which will rise to USD 1,014.2 million, propelling at a more than 5% compound annual growth rate, by 2030.
Electric drives, internal combustion engines, and an extensive range of other automotive technologies, such as regenerative braking, autonomous start/stop systems, and actuators, are generally employed to drive HEVs.
Complex electronic control units (ECUs) are required for these technologies, to incorporate them flawlessly and manage power efficiently.
The application of such technologies as well as the rising demand for hybrid electric vehicles themselves, would boost the resistor demand growth.
Commercial vehicles compared to passenger cars have less safety and luxury features. Therefore, regulatory bodies across various nations are updating the standards for commercial automobiles, to enhance road safety and transportation of people and goods environment-friendlier and more efficient.
The government of India, in July 2023, directed the fitting of air conditioning systems in truck cabins from January 2025.
In the U.S., the Federal Motor Carrier Safety Administration (FMCSA) has instructed ELDS on every commercial truck.
Such guidelines boost the adoption of electronic devices in commercial automobiles, which, sequentially, assists the industry expansion.
Market Insights
APAC was the largest contributor to the industry in 2023, with a share of approximately 45%, and it will also advance at the highest compound annual growth rate in the coming years.
This can be because of the increasing need for these components in the electronic and electrical industries, the existence of many industry players, and their rising funding for new technologies to increase vehicle production.
China is considered the largest center for the automotive sector and continues to be the largest market globally with domestic automotive manufacturing expected to touch 35 million units in 2025.
North America is a significant contributor to the industry. This can be because of the surging requirement for high-quality electronic components in the aerospace and military sectors.
There is a rising acceptance of thick-film resistors because of their high durability, reliability, and capability to endure severe environments, in North America.
The arrival of IoT is also boosting the industry expansion in North America because these resistors are extensively employed in connected sensors and actuators.
The automotive category is likely to be the largest contributor to the industry, with a share of approximately 40% by 2030.
This can be because these resistors are employed in automotive applications for their resistance and durability to environmental and various other external factors like humidity, vibration, and temperature.
Thus, they are an important element of automotive electronic circuits due to their high resistance to moisture, shock, and heat. Thick-film chip resistors for automotive applications are widely available in different sizes, operating voltages, and resistance levels.
They are intended to meet the stringent testing and various other conditions implemented by the Automotive Electronics Council (AEC), making them AEC-Q200 compliant.
The industry is moderately consolidated because of the existence of large players. Major players in this industry are involved in different strategies like partnerships and acquisition, to enhance their market share and improve their profitability.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by end user
- 1.4.2. Market size breakdown, by type
- 1.4.3. Market size breakdown, by region
- 1.4.4. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Volume, by end user (2017-2030)
- 6.3. Market Revenue, by end user (2017-2030)
- 6.4. Market Volume, by type (2017-2030)
- 6.5. Market Revenue, by type (2017-2030)
- 6.6. Market Volume, by Region (2017-2030)
- 6.7. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Volume, by End User (2017-2030)
- 7.3. Market Revenue, by End User (2017-2030)
- 7.4. Market Volume, by Type (2017-2030)
- 7.5. Market Revenue, by Type (2017-2030)
- 7.6. Market Volume, by Country (2017-2030)
- 7.7. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Volume, by End User (2017-2030)
- 8.3. Market Revenue, by End User (2017-2030)
- 8.4. Market Volume, by Type (2017-2030)
- 8.5. Market Revenue, by Type (2017-2030)
- 8.6. Market Volume, by Country (2017-2030)
- 8.7. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Volume, by End User (2017-2030)
- 9.3. Market Revenue, by End User (2017-2030)
- 9.4. Market Volume, by Type (2017-2030)
- 9.5. Market Revenue, by Type (2017-2030)
- 9.6. Market Volume, by Country (2017-2030)
- 9.7. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Volume, by End User (2017-2030)
- 10.3. Market Revenue, by End User (2017-2030)
- 10.4. Market Volume, by Type (2017-2030)
- 10.5. Market Revenue, by Type (2017-2030)
- 10.6. Market Volume, by Country (2017-2030)
- 10.7. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Volume, by End User (2017-2030)
- 11.3. Market Revenue, by End User (2017-2030)
- 11.4. Market Volume, by Type (2017-2030)
- 11.5. Market Revenue, by Type (2017-2030)
- 11.6. Market Volume, by Country (2017-2030)
- 11.7. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Volume, by End User (2017-2030)
- 12.3. Market Revenue, by End User (2017-2030)
- 12.4. Market Volume, by Type (2017-2030)
- 12.5. Market Revenue, by Type (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Volume, by End User (2017-2030)
- 13.3. Market Revenue, by End User (2017-2030)
- 13.4. Market Volume, by Type (2017-2030)
- 13.5. Market Revenue, by Type (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Volume, by End User (2017-2030)
- 14.3. Market Revenue, by End User (2017-2030)
- 14.4. Market Volume, by Type (2017-2030)
- 14.5. Market Revenue, by Type (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Volume, by End User (2017-2030)
- 15.3. Market Revenue, by End User (2017-2030)
- 15.4. Market Volume, by Type (2017-2030)
- 15.5. Market Revenue, by Type (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Volume, by End User (2017-2030)
- 16.3. Market Revenue, by End User (2017-2030)
- 16.4. Market Volume, by Type (2017-2030)
- 16.5. Market Revenue, by Type (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Volume, by End User (2017-2030)
- 17.3. Market Revenue, by End User (2017-2030)
- 17.4. Market Volume, by Type (2017-2030)
- 17.5. Market Revenue, by Type (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Volume, by End User (2017-2030)
- 18.3. Market Revenue, by End User (2017-2030)
- 18.4. Market Volume, by Type (2017-2030)
- 18.5. Market Revenue, by Type (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Volume, by End User (2017-2030)
- 19.3. Market Revenue, by End User (2017-2030)
- 19.4. Market Volume, by Type (2017-2030)
- 19.5. Market Revenue, by Type (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Volume, by End User (2017-2030)
- 20.3. Market Revenue, by End User (2017-2030)
- 20.4. Market Volume, by Type (2017-2030)
- 20.5. Market Revenue, by Type (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Volume, by End User (2017-2030)
- 21.3. Market Revenue, by End User (2017-2030)
- 21.4. Market Volume, by Type (2017-2030)
- 21.5. Market Revenue, by Type (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Volume, by End User (2017-2030)
- 22.3. Market Revenue, by End User (2017-2030)
- 22.4. Market Volume, by Type (2017-2030)
- 22.5. Market Revenue, by Type (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Volume, by End User (2017-2030)
- 23.3. Market Revenue, by End User (2017-2030)
- 23.4. Market Volume, by Type (2017-2030)
- 23.5. Market Revenue, by Type (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Volume, by End User (2017-2030)
- 24.3. Market Revenue, by End User (2017-2030)
- 24.4. Market Volume, by Type (2017-2030)
- 24.5. Market Revenue, by Type (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Volume, by End User (2017-2030)
- 25.3. Market Revenue, by End User (2017-2030)
- 25.4. Market Volume, by Type (2017-2030)
- 25.5. Market Revenue, by Type (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Volume, by End User (2017-2030)
- 26.3. Market Revenue, by End User (2017-2030)
- 26.4. Market Volume, by Type (2017-2030)
- 26.5. Market Revenue, by Type (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Volume, by End User (2017-2030)
- 27.3. Market Revenue, by End User (2017-2030)
- 27.4. Market Volume, by Type (2017-2030)
- 27.5. Market Revenue, by Type (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Volume, by End User (2017-2030)
- 28.3. Market Revenue, by End User (2017-2030)
- 28.4. Market Volume, by Type (2017-2030)
- 28.5. Market Revenue, by Type (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Vishay Intertechnology Inc.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Yageo Corporation
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. KOA Speer Electronics Inc.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Panasonic Industry Co. Ltd.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. ROHM Co. Ltd.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Murata Manufacturing Co. Ltd.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. TE Connectivity Corporation
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. TT Electronics PLC
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Bourns Inc.
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. Viking Tech Corporation
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. Susumu Co. Ltd.
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
