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
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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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