Chip Resistor
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Chip Resistor Market Size Growth Forecast: What to Expect by 2025?
In recent times, the chip resistor market has exhibited substantial growth. The market size is projected to increase from $1.44 billion in 2024 to $1.55 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.1%. This significant growth during the historical period can be traced back to several factors including the miniaturization of electronic gadgets, the expansion of consumer electronics, the heightened utilization of automation in the production process, an upward trend in automotive electronics, and the development of industrial electronics.
How Will the Chip Resistor Market Size Evolve and Grow by 2029?
Expectations are that the chip resistor market size will experience significant growth in the coming years, expanding to $2 billion by 2029 with a compound annual growth rate (CAGR) of 6.7%. This predicted growth during the forecast period can be tied to the increasing demand for electric vehicles, continued expansion of renewable energy projects, a surge in the use of smart home devices, greater emphasis on energy efficiency, and the rising implementation of 5g technology. Notable trends during this forecast period are an increased adoption of thin film technology, the incorporation of resistors into advanced driver-assistance systems (ADAS), the creation of resistor networks for complex circuits, the expanded use of resistors within renewable energy initiatives, and growing demand for sturdy resistors capable of withstanding harsh environments.
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What Drivers Are Propelling the Growth of Chip Resistor Market Forward?
As the desire for compact devices continues to rise, it is anticipated to fuel the growth of the chip resistor market. Compact devices, such as smartphones, tablets, and wearable tech gadgets, offer advanced features and convenience owing to their small size and portability. The surge in demand for these devices can be attributed to the growing consumer inclination towards portable devices, advancements in technology, and the increased need for connectivity and convenience in our daily lives. Due to their small size and surface-mount compatibility, chip resistors have become an invaluable component in compact devices, allowing efficient space usage and seamless incorporation into electronic circuits without affecting performance. For example, a report titled The Mobile Economy, published by the Global System for Mobile Communications Association (GSMA), a UK-based international alliance of service providers, noted in February 2022, that in 2021, smartphone connections totalled 6.2 billion, constituting 75% of all mobile connections. These connections are forecasted to reach nearly 7.5 billion by 2025, forming 84% of all connections. Consequently, the rising demand for compact devices is bolstering the chip resistor market.
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Which Emerging Trends Are Transforming the Chip Resistor Market in 2025?
Key players in the chip resistor market are shifting their focus towards the creation of innovative products, such as automotive-grade chip resistors, in a bid to efficiently meet the demands of high-voltage industrial situations. These automotive-grade chip resistors represent high-reliability electronic constituents that are meticulously crafted to fulfill the stern performance and resilience requirements associated with automotive uses. For example, YAGEO Group, an electronic component producing company based in Taiwan, brought forth the VT Series in April 2023. This automotive-grade, thin-film chip resistor draws attention with its high voltage endurance, precision, and stability, made possible via its unique laser trimming design which ensures steady voltage endurance and consistent resistance stability even under tough circumstances. The reliability of this product is further augmented due its AEC-Q200 certification, sulfur and moisture resilience, and low TCR. As a result, this product makes a highly reliable choice for challenging uses in the automotive, telecom, industrial, medical, and power systems sectors.
What Are the Key Segments in the Chip Resistor Market?
The chip resistor market covered in this report is segmented –
1) By Type: Pressure-Sensitive, Thermosensitive, Other Types
2) By Technology: Thick Chip Resistors, Thin Chip Resistors, Other Technologies
3) By Material: Silver, Palladium, Cupronickel, Other Materials
4) By Operating Voltage: Up To 50V, 51V To 200V, 201V To 400V, Above 400V
5) By End-Use Industry: Consumer Electronics, Information Technology And Telecommunications, Automotive And Transportation, Industrial, Healthcare, Aerospace And Defense, Energy And Utility, Other End-Use Industries
Subsegments:
1) By Pressure-Sensitive: Force-Sensitive Resistors (Fsrs), Strain Gauge Resistors, Piezoelectric Resistors
2) By Thermosensitive: Thermistor Resistors (Ntc And Ptc), Temperature Compensating Resistors, Thermally Stable Resistors
3) By Other Types: Light-Dependent Resistors (Ldr), Photoresistors, Variable Resistors (Rheostats), High-Precision Resistors
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Who Are the Key Players Shaping the Chip Resistor Market’s Competitive Landscape?
Major companies operating in the chip resistor market are Samsung Electronics Co., Panasonic Holdings Corporation, TE Connectivity Ltd., Murata Manufacturing Co. Ltd., YAGEO Corp., Rohm Co. Ltd., Vishay Intertechnology Inc., Bourns Inc., AVX Corporation, Walsin Technology Corp., China Zhenhua Group, Darfon Electronics Corporation, Tt Electronics Plc, Guangdong Fenghua Advanced Technology Holding Co. Ltd., CTS Corporation, HolyStone International, Kyocera AVX, Ta-I Technology Co. Ltd., Ohmite Mfg Co., KOA Speer Electronics Inc., Ever Ohms Technology Co. Ltd., Cyntec Co. Ltd., Stackpole Electronics Inc., Caddock Electronics Inc., Elektronische Bauelemente GmbH, Susumu Co. Ltd., Viking Tech, International Manufacturing Services Inc., Ralec Corp., Token Electronics Industry Co. Ltd., Asj Holdings Limited
What Geographic Markets Are Powering Growth in the Chip Resistor Market?
Asia-Pacific was the largest region in the chip resistor market in 2024. The regions covered in the chip resistor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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