Non-Linear Resistors Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Increasing Use of Electronic Circuits to Boost the Non-Linear Resistors Market

The non-linear resistors market worldwide is expected to grow with a CAGR of 6.5% during the forecast period from 2021 to 2029. Non-linear resistors market worldwide is witnessing tremendous growth since the past few years with growth in electronic circuits market. The major use of electronic circuits in consumer electronics products driving the growth for the market. Non-Linear resistors have various benefits such as compact size, stability, good tolerance and effective in reducing heat dissipation. The growing demand for electronic circuits in various industries such as consumer electronics, automotive and others helps the non-linear resistors market to grow. Due to all these factors, we are expecting huge growth in non-linear resistors market during the forecast period.

Electronic Circuits to Continue Dominating the Market

In 2020, the electronic circuits segment contributing to over 60% of the total revenue generated worldwide led the overall non-linear resistors market. The electronic circuit is composed of various components such as resistors, transistors, inductors, capacitors, conductive wires or traces and others. The electronic circuits segment is growing due to wide application of electronic circuits in consumer electronic products. Other than consumer electronic products, electronic circuits have wide application in other products also such as renewable energy sectors, automotive products and others. As a result of all these factors, electronic circuits will continue dominating the market throughout the forecast period.

Asia Pacific to Register the Fastest Growth

Non-linear resistors market is led by Asia Pacific. In 2020, the regional market accounted for nearly 30% of the total revenue generated worldwide. The market here primarily backed by China and India having high spending on electronics products as well as huge consumer base. Asia Pacific is set to register the highest growth in the market during the forecast period. Rapidly growing disposable income, growth in adopting technology and increasing demand for consumer electronics products in the region are the major factors supporting the growth of the market. On account of these factors, Asia Pacific will grow with the highest CAGR throughout the forecast period.

Some of the prominent players operating in the non-linear resistors market include AEP Components, Micronova group, Lucas-Nulle GmbH, Murata Manufacturing, Vetco Electronics, Vishay Intertechnology, Inc., TT Electronics Plc, Queen Mao Electronic Co., Ltd., KOA Speer Electronics Inc, ohmite manufacturing company among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2021 to 2029.

Key questions answered in this report

• What was the market size of non-linear resistors in 2020 and forecast up to 2029?
• Which is the largest regional market for non-linear resistors?
• What are the major trends followed in overall non-linear resistors across different regions?
• Who are the key non-linear resistors companies leading the market?
• What are the key strategies adopted by the leading non-linear resistors companies in market?

Unique data points of this report

• Statistics on electronic circuits worldwide
• Recent trends across different regions in terms of adoption of non-linear resistors across various applications
• Notable developments going on in non-linear resistors market
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

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