Resistor Global Market Report 2024

Description

A resistor is a passive electrical component that introduces resistance into an electric circuit, regulating the flow of current. It is a crucial element in electronic design, found in a wide range of electronic devices and systems, used to manage or limit the amount of electrical current passing through a circuit.

Resistors can be classified into two main types include linear resistors and fixed resistors. Linear resistors exhibit a linear relationship between the voltage applied across their terminals and the current passing through them. They are manufactured using thin films and thick films and are utilized in various industries such as automotive, aerospace and defense, communications, consumer electronics and computing, among others.

The resistor market research report is one of a series of new reports from The Business Research Company that provides resistor market statistics, including resistor industry global market size, regional shares, competitors with a resistor market share, detailed resistor market segments, market trends and opportunities, and any further data you may need to thrive in the resistor industry. This resistor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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 historic growth in the sensor market can be attributed to several factors, including increased demand for consumer electronics, the emergence of IoT devices, enhanced energy efficiency requirements, applications in military and aerospace sectors, and growing interest in augmented reality (AR) technologies.

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 forecasted growth can be attributed to several factors, including increasing use in automotive heads-up displays (HUDs), advancements in flexible electronics, integration with edge computing, adoption in the healthcare industry, and expanded applications in smart cities. Major trends in the forecast period include the development of biodegradable transparent electronics, integration with AI and machine learning, the rise of augmented reality applications, integration with blockchain technology, and a focus on transparent batteries.

The increasing demand for wearable devices is expected to drive the growth of the resistor market. Wearable devices, which are electronic devices worn on the body as accessories, are equipped with various sensors and often connect to smartphones or other devices to provide information or perform functions. Resistors play a crucial role in wearable devices by providing essential components that enable precise control, miniaturization, and innovation in electronic devices. For example, the National Center for Biotechnology Information reported that the number of wearable devices in use was approximately 600 million in 2021, increasing to 928 million in 2021 and 1100 million in 2022. This growing demand for wearable devices is a key driver behind the growth of the resistor market.

Major companies in the resistor market are focusing on developing innovative technologies, such as thin-film resistors, to maintain high resistance stability. Thin-film technology involves the development of very thin layers of material, typically ranging from a nanometer to a few micrometers in thickness. For example, in October 2022, Yageo Corporation launched the VT Series, an automotive-grade thin film chip resistor. This resistor is designed to meet the high stability and reliability requirements of automotive electronics, telecommunications, industrial or medical equipment, measuring equipment, and power systems. It features 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.

In May 2021, Electro Technik Industries Inc., a US-based manufacturer of passive electronic components, acquired Precision Resistor Company Inc. for an undisclosed sum. This acquisition has bolstered ETI's position in the resistor market by expanding its product range and capabilities. It has enabled ETI to consolidate its presence in the resistor market and offer a more comprehensive portfolio of resistor products. Precision Resistor Company Inc. specializes in manufacturing custom precision fixed wire wound resistors, wire wound sensors, and wire wound shunts for critical applications.

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.

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.

The countries covered in the resistor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The resistor market consists of sales of carbon composition resistors, variable resistors, light-dependent resistors, thermocouples, network resistors, and surface mount resistors. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Resistor Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on resistor market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for resistor? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The resistor market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

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
Companies Mentioned: Panasonic Corporation; Honeywell International Inc.; Walsin Technology Corporation; TE Connectivity; Murata Manufacturing
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r16714

1. Executive Summary

2. Resistor Market Characteristics

3. Resistor Market Trends And Strategies

4. Resistor Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Resistor Market Size and Growth

5.1. Global Resistor Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Resistor Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Resistor Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Resistor Market Segmentation

6.1. Global Resistor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Linear Resistors
Fixed Resistors
6.2. Global Resistor Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Thin Films
Thick Films
6.3. Global Resistor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Automotive
Aerospace And Defense
Communications
Consumer Electronics And Computing
Other End-user Industries

7. Resistor Market Regional And Country Analysis

7.1. Global Resistor Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Resistor Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Resistor Market

8.1. Asia-Pacific Resistor Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Resistor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Resistor Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Resistor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Resistor Market

9.1. China Resistor Market Overview
9.2. China Resistor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Resistor Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Resistor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Resistor Market

10.1. India Resistor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Resistor Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Resistor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Resistor Market

11.1. Japan Resistor Market Overview
11.2. Japan Resistor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Resistor Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Resistor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Resistor Market

12.1. Australia Resistor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Resistor Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Resistor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Resistor Market

13.1. Indonesia Resistor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Resistor Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Resistor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Resistor Market

14.1. South Korea Resistor Market Overview
14.2. South Korea Resistor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Resistor Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Resistor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Resistor Market

15.1. Western Europe Resistor Market Overview
15.2. Western Europe Resistor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Resistor Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Resistor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Resistor Market

16.1. UK Resistor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Resistor Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Resistor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Resistor Market

17.1. Germany Resistor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Resistor Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Resistor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Resistor Market

18.1. France Resistor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Resistor Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Resistor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Resistor Market

19.1. Italy Resistor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Resistor Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Resistor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Resistor Market

20.1. Spain Resistor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Resistor Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Resistor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Resistor Market

21.1. Eastern Europe Resistor Market Overview
21.2. Eastern Europe Resistor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Resistor Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Resistor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Resistor Market

22.1. Russia Resistor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Resistor Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Resistor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Resistor Market

23.1. North America Resistor Market Overview
23.2. North America Resistor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Resistor Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Resistor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Resistor Market

24.1. USA Resistor Market Overview
24.2. USA Resistor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Resistor Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Resistor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Resistor Market

25.1. Canada Resistor Market Overview
25.2. Canada Resistor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Resistor Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Resistor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Resistor Market

26.1. South America Resistor Market Overview
26.2. South America Resistor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Resistor Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Resistor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Resistor Market

27.1. Brazil Resistor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Resistor Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Resistor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Resistor Market

28.1. Middle East Resistor Market Overview
28.2. Middle East Resistor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Resistor Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Resistor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Resistor Market

29.1. Africa Resistor Market Overview
29.2. Africa Resistor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Resistor Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Resistor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Resistor Market Competitive Landscape And Company Profiles

30.1. Resistor Market Competitive Landscape
30.2. Resistor Market Company Profiles
- 30.2.1. Panasonic Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Honeywell International Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Walsin Technology Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. TE Connectivity
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Murata Manufacturing
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Resistor Market Other Major And Innovative Companies

31.1. OKAYA Electric Industries Co. Ltd.
31.2. Samsung Electro-Mechanics
31.3. Rohm Co. Ltd.
31.4. Yageo Corporation
31.5. Vishay Intertechnology
31.6. Bourns Inc.
31.7. AVX Corporation
31.8. CTS Corporation
31.9. Ohmite Manufacturing Company
31.10. Viking Tech Corporation
31.11. Susumu Co. Ltd.
31.12. Stackpole Electronics Inc.
31.13. Cyntec Electronics
31.14. Caddock Electronics Inc.
31.15. Cressall Resistors

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

35.1 Resistor Market In 2028 - Countries Offering Most New Opportunities
35.2 Resistor Market In 2028 - Segments Offering Most New Opportunities
35.3 Resistor Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer