Asia Pacific Current Sampling Resistance Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Thick Film, Thin Film, and Metal Plate) and Application (Consumer Devices, Industrial, Telecommunication, Automotive, and Other Applications)

Metal Plate Segment is Expected to be Fastest Growing During Forecast Period for APAC Region

According to a new market research study on “APAC Current Sampling Resistance Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 1,288.80 million by 2028 from US$ 809.04 million in 2021. The market is estimated to grow at a CAGR of 6.9% from 2021 to 2028. The report provides trends prevailing in the APAC current sampling resistance market along with the drivers and restraints pertaining to the market growth. Growing large scale commercialization of IoT and IIoT and rise of high-density mounting resistors are the major factor driving the growth of the APAC current sampling resistance market. However, insufficient accuracy over a high current range hinders the growth of APAC current sampling resistance market.

In case of COVID-19, APAC is highly affected specially India. The COVID-19 pandemic has severely impacted APAC due to wide disease spread; countries in this region are among the highly populated, which leads to the greater risk infection spread. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has affected major economies such as China, India, Australia, and Japan, which are experiencing inflation. India is the worst-hit country by the pandemic in this region. Many global brands and technological companies are headquartered in the region. The limitations imposed by governments to control the spread of COVID-19, the impact of the disease on populations of different countries in the region, and current inability to utilize production capabilities are the key factors impacting resistors market in Asian countries. Therefore, the COVID-19 pandemic is likely to continue to hinder the current sampling resistors market growth in APAC.

The APAC current sampling resistance market has been analyzed based on type, application, and country. Based on type, the market is segmented into thick film, thin film, and metal plate. The thick film segment dominated the APAC current sampling resistance market in 2020 and metal plate segment is expected to be fastest growing during forecast period. Based on application, the market is segmented into consumer devices, industrial, telecommunication, automotive, and other applications. The industrial segment dominated the APAC current sampling resistance market in 2020 and consumer devices segment is expected to be fastest growing during forecast period.

Cyntec Co. Ltd.; KOA Speer Electronics, Inc.; Panasonic Corporation; ROHM CO. LTD.; Samsung Electro-Mechanics Co, Ltd.; Susumu Co. Ltd; TT Electronics; Viking Tech Corporation; Vishay Intertechnology, Inc.; and Walter Electronic Co.Ltd. are among the leading companies in the APAC current sampling resistance market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, TT Electronics, a global provider of engineered electronics for performance critical applications, has introduced of its Metal Foil Chip (MFC) resistors. The MFC series uses metal foil on ceramic technology, which combines the heat spreading properties of a ceramic substrate with the surge tolerance of a bulk metal alloy resistance element.

The report segments the APAC Current Sampling Resistance Market as follows:

APAC Current Sampling Resistance Market - By Type

• Thick Film
• Thin Film
• Metal Plate

APAC Current Sampling Resistance Market - By Application

• Consumer Devices
• Industrial
• Telecommunication
• Automotive
• Other Applications

APAC Current Sampling Resistance Market - By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC

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• The key findings and recommendations highlight crucial progressive industry trends in APAC current sampling resistance market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the current sampling resistance market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution