The Resistor Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Resistor Global Market Report 2024, 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.
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.
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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
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 report table of contents includes:
- Executive Summary
- Resistor Market Characteristics
- Resistor Market Trends And Strategies
- Resistor Market – Macro Economic Scenario
- Global Resistor Market Size and Growth
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- Global Resistor Market Competitive Benchmarking
- Global Resistor Market Competitive Dashboard
- Key Mergers And Acquisitions In Resistor Market
- Resistor Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Panasonic Corporation
- Honeywell International Inc.
- Walsin Technology Corporation
- TE Connectivity
- Murata Manufacturing
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