Authored By: Sarah
11 Jul 2024

 Thin Film Chip Resistors Market Size to grow by USD 408.2 million between 2024-2028

According to a research report “ Thin Film Chip Resistors Market” by End-user (Industrial equipment, Consumer electronics, Others) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 408.2 million, at a CAGR of  4.5% during the forecast period. Thin film chip resistors play a crucial role in regulating voltage and current within the electronic circuits of data storage systems, including those found in cloud-based data centers. The increasing adoption of cloud services and big data analytics is fueling the expansion of data centers worldwide. As businesses shift towards cloud storage, the demand for more storage capacity grows, particularly among large enterprises. However, the massive amount of data generated by the Internet of Things (IoT) is driving up the cost of on-premises data storage for enterprises, making cloud solutions an increasingly attractive alternative. In this context, the thin film chip resistor market is poised for significant growth as data centers continue to expand and evolve.

Browse market data tables, figures, and in-depth TOC on “Thin Film Chip Resistors Market” by End-user (Industrial equipment, Consumer electronics, Others) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By End-user, the Industrial equipment segment is projected to dominate the market size in 2024

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By Geography, North America  segment is expected to hold the largest market size for the year 2024

In the Thin Film Chip Resistors Market, the industrial equipment sector is projected to experience substantial revenue growth due to the advantages offered by these components. Manufactured utilizing thin-film technology, thin film chip resistors consist of a thin conductive layer deposited on a ceramic substrate via sputtering. Key benefits of this technology include precise tolerance values as low as 0.05%, low and stable temperature coefficients, and superior high-frequency performance. Thin film chip resistors ensure high reliability and exceptional stability in diverse environmental conditions, making them a preferred option for outdoor applications. With their superior characteristics, these resistors cater to modern applications requiring high precision and exceptional high-frequency behaviors.

North America is forecasted to hold the largest market size by region in 2024

The Thin Film Chip Resistors market represents a significant growth opportunity for businesses in the electronics industry. These resistors, characterized by their thin film technology, offer enhanced performance and miniaturization advantages. Key players in this sector are investing in research and development to expand their product offerings and cater to the increasing demand for high-precision and miniaturized resistors in various applications. The market is expected to witness robust growth due to the expanding electronics industry and the continuous miniaturization trend in consumer electronics and automotive applications.

The Thin Film Chip Resistors Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • ASJ Pte Ltd.
  • Bourns Inc.
  • Cal Chip Electronics Inc.
  • Hong Kong Resistors Manufactory
  • International Manufacturing Services Inc.
  • KOA Speer Electronics Inc.
  • Micro Ohm Corp.
  • Mini Systems Inc.
  • Ohmite Manufacturing Co.
  • OnChip Devices Inc.
  • Panasonic Holdings Corp.
  • SRT Resistor Technology GmbH
  • State of the Art Inc.
  • Susumu Co. Ltd.
  • Synton Tech Corp.
  • TE Connectivity Ltd.
  • TT Electronics Plc
  • Viking Tech Corp.
  • Vishay Intertechnology Inc.
  • Yageo Corp.
.

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Research Analysis Overview

The Thin Film Chip Resistors market is witnessing significant growth in various industries, including telecommunications, automotive and transportation, robotics, and IoT devices. These resistors are essential electronic components used in circuits for regulating electric current, maintaining voltage levels, and dissipating excess energy as heat. With advanced material technology, thin film chip resistors offer high power ratings, improved tolerances, and temperature coefficients, making them ideal for high-reliability applications in telecommunications and wireless communication technology. In the telecommunications sector, thin film chip resistors are crucial for networking, data capture, and computer power management in IT and telecommunications infrastructure. In wireless communication technology, they are used in RF circuits for current and voltage stabilization. For IoT devices, these resistors ensure accurate sensing and data transmission. In the automotive and transportation industry, they are used in power electronics and battery management systems. Surface-mounted electronic components, including integrated circuit devices and surface-mount devices, are preferred due to their compact size and high performance. Overall, the Thin Film Chip Resistors market is expected to continue growing due to the increasing demand for advanced electronic components in various industries.

Market Research Overview

The Thin Film Chip Resistors market is experiencing significant growth due to the increasing demand for advanced electronic components in various industries. With the rollout of 5G infrastructure and the expansion of telecommunications, there is a surging need for precision resistors in telecommunications equipment, wireless communication technology, and IoT devices. These resistors play a crucial role in regulating electric current, maintaining circuit stability, and ensuring long-term reliability in various applications. Power ratings, tolerances, and temperature coefficients are essential factors in choosing the right resistor for specific applications. Thin Film Chip Resistors offer high precision, with tolerances as low as 1%, making them ideal for use in medical instruments, ECG devices, and patient identification systems. Additionally, they are eco-friendly, with lead-free options available, and can withstand harsh environments, including those with high temperatures and sulfur gas. Thin Film Chip Resistors are also essential in the IT industry, where they are used in server farms, data centers, and networking technologies. In the automotive and transportation sector, they are used in electric power steering, hybrid electric vehicles, and industrial robots. These resistors are also used in advanced material research, robotics, sensors, and data capture, making them indispensable in various industries, from aerospace and military to consumer electronics. With the digitalization trend, the demand for Thin Film Chip Resistors is expected to grow further, driven by the increasing use of artificial intelligence, new technologies, and the expansion of 5G networks. The market is expected to continue its growth trajectory, driven by the diverse end-use industries, including automation, automobiles, industrial electronics, and consumer electronics.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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