The global thin film chip resistor market is envisioned to garner $1,046.4 million by 2031, growing from $631.2 million in 2021 at a CAGR of 5.4% from 2022 to 2031.
The factors anticipated to drive the chip resistor market share and size in the projected period include the rising demand for consumer electronics and recent developments, such as eco-friendly electronics and high-quality equipment. Another significant element driving the growth of the chip resistor market is the global, rapid expansion of automotive and industrial electronics. The chip resistor market is anticipated to expand significantly over the forecast period.
High manufacturing costs associated with chip resistors hamper the growth of the market. Raw materials used in the manufacturing of the chip resistors are expensive, thus increasing the cost of chip resistors. Raw materials used in thin film chip resistors, such as ruthenium and palladium, continue to exhibit price volatility and are predicted to have an ongoing influence on chip resistor production costs.
The increasing advancements in emerging technologies, including autonomous and electric vehicles, IoT, and 5G networks, are anticipated to provide lucrative opportunities for the growth of the global chip resistor market. Chip resistors could improve current chip and electric conversion technology to boost enterprise mobilization and effectively implement measures to advance electricity usage in commercial companies.
The COVID-19 pandemic had a negative impact across multiple industries, including the thin film chip resistor market. Because to the COVID-19 pandemic, the growth of essential industries using thin film chip resistors, such as industrial electronic equipment and automobiles, has recently slowed down. Manufacturing of thin film chip resistors has been restricted due to lockdown measures implemented in several nations, and many production facilities have been completely or partially shut down.
The key players profiled in this report include Elektronische Bauelemente GmbH (EBG), Ever Ohms Technology Co., Ltd., KOA, Panasonic, Ralec Electronics Corp., Rohm Co., Ltd., Samsung Electro-Mechanics, Ta-I Technology Co., Ltd., Tateyama Kagaku Industry Co., Ltd., and Uniohm.
The factors anticipated to drive the chip resistor market share and size in the projected period include the rising demand for consumer electronics and recent developments, such as eco-friendly electronics and high-quality equipment. Another significant element driving the growth of the chip resistor market is the global, rapid expansion of automotive and industrial electronics. The chip resistor market is anticipated to expand significantly over the forecast period.
High manufacturing costs associated with chip resistors hamper the growth of the market. Raw materials used in the manufacturing of the chip resistors are expensive, thus increasing the cost of chip resistors. Raw materials used in thin film chip resistors, such as ruthenium and palladium, continue to exhibit price volatility and are predicted to have an ongoing influence on chip resistor production costs.
The increasing advancements in emerging technologies, including autonomous and electric vehicles, IoT, and 5G networks, are anticipated to provide lucrative opportunities for the growth of the global chip resistor market. Chip resistors could improve current chip and electric conversion technology to boost enterprise mobilization and effectively implement measures to advance electricity usage in commercial companies.
The COVID-19 pandemic had a negative impact across multiple industries, including the thin film chip resistor market. Because to the COVID-19 pandemic, the growth of essential industries using thin film chip resistors, such as industrial electronic equipment and automobiles, has recently slowed down. Manufacturing of thin film chip resistors has been restricted due to lockdown measures implemented in several nations, and many production facilities have been completely or partially shut down.
The key players profiled in this report include Elektronische Bauelemente GmbH (EBG), Ever Ohms Technology Co., Ltd., KOA, Panasonic, Ralec Electronics Corp., Rohm Co., Ltd., Samsung Electro-Mechanics, Ta-I Technology Co., Ltd., Tateyama Kagaku Industry Co., Ltd., and Uniohm.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the thin film chip resistor market analysis from 2021 to 2031 to identify the prevailing thin film chip resistor market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the thin film chip resistor market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global thin film chip resistor market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Ultra Precision 0.05% Tolerance
- 0.1% Tolerance
- 1% Tolerance
- Others
By Application
- Instrumentation
- Medical Instruments
- Power Supply
- Electric Power Equipment
- Electronic Digital Products
- Others
By End-User
- Industrial Equipment
- Consumer Electronics
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- South Africa
- Rest of LAMEA
Key Market Players
- 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.
- Susumu Co., Ltd.
- yageo
- Viking Tech Corporation
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: THIN FILM CHIP RESISTOR MARKET, BY TYPE
CHAPTER 5: THIN FILM CHIP RESISTOR MARKET, BY APPLICATION
CHAPTER 6: THIN FILM CHIP RESISTOR MARKET, BY END-USER
CHAPTER 7: THIN FILM CHIP RESISTOR MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report titled, “Thin Film Chip Resistor Market," the thin film chip resistor market was valued at $631.20 million in 2021, and is estimated to reach $1.1 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031.A resistor that uses a thin resistive layer is referred to as a"thin-film resistor." this layer is set atop a ceramic foundation. Compared to thick film resistors, this resistor's thickness is incredibly thin, just 0.1 microns. Due to their increased accuracy, stability, and temperature coefficient, these resistors are frequently used in higher precision technologies. Despite seeming alike, thick film and thin film resistors are made using various manufacturing techniques. The resistive substance can be sputtered over the ceramic surface to create the film resistor. Following that, the surface can be scraped using the necessary etching procedures and exposure to ultraviolet light. When producing this resistor, many materials are used, including tantalum nitride, lead oxide, nickel-chromium, and ruthenium oxide. Lasers can then be used to trim the etched film after that.
The thin film chip resistors are resistors that are manufactured from a nichrome material. To control the flow of electricity, they are frequently utilized in electrical devices. Devices can certainly benefit from the usage of thin film chip resistors since they can provide appropriate operation and prevent overheating. The resistance is determined by the film's width, although if necessary, this can be changed through laser trimming. However, the concept is the same even if the resultant components are typically referred to as metal film resistors rather than thin film, at the expense of parasitic inductance. On the other hand, the film can be sputtered on a cylindrical face through axial leads.
The film's width determines the resistance, though this can be altered using laser trimming if necessary. Though the resulting components are more frequently referred to as metal film resistors than thin film, the idea is the same, and parasitic inductance is sacrificed in the process. As opposed to this, axial leads can be used to sputter the film onto a cylindrical surface. The gain of the op-amps is controlled by these resistors, which are employed in precision applications. Other uses for these resistors include stable voltage division, stable references, stable ADC or DAC, and stable feedback loops.
The market for chip resistors is expected to grow significantly as a result of rapid digitization and rising demand for consumer electronics. There is a high demand for electronic products including smartphones, computers, and televisions. Consumer electronics use the most chip resistors to limit the flow of electric current in the device for the safety of the system or device. Chip resistors are becoming more and more popular as they are used in a wide range of electric equipment. This is indicated by rising demand for chip resistor use, which in turn drives the market growth.
Increased applications in automotive and transportation, as well as technological advances in the healthcare industry, are projected to provide lucrative opportunities for the chip resistor market to grow in the coming years. The manufacturing of eco-friendly electronics and electrical components is also being emphasized by the governments of several countries. Due to this, manufacturers created lead-free chip resistors that are safe for the environment. For this, resistors can be used in consumer electronics, as well as in defense and aerospace applications. The market opportunity over the anticipated period will be driven by all the above factors.
The thin film chip resistor market is segmented on the basis of type, application, end user, and region. On the basis of type, the market is classified into Ultra Precision 0.05% Tolerance, 0.1% Tolerance, 1% Tolerance, and Others. According to application, it is divided into instrumentation, medical instruments, power supply, electric power equipment, electronic digital products, and others. By end-user, it is divided into industrial equipment, consumer electronics, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, UAE, and rest of LAMEA).
The key players profiled in the study include Elektronische Bauelemente GmbH (EBG), Ever Ohms Technology Co., Ltd., KOA, Panasonic, Ralec Electronics Corp., Rohm Co., Ltd., Samsung Electro-Mechanics, Ta-I Technology Co., Ltd., Tateyama Kagaku Industry Co., Ltd., and Uniohm. The players in the market are actively engaged in the adoption of various strategies such as acquisitions, product launches, and expansion to remain competitive and gain advantage over competitors in the market.
Key Market Insights
- On the basis of type, the Ultra Precision 0.05% Tolerance segment had a dominating market share in 2021, and 0.1% Tolerance is estimated to be the fastest growing segment during the forecast period.
- As per application, the instrumentation segment accounted for a dominating market share in 2021.
- On the basis of end-user, the industrial equipment segment accounted for a dominating market share in 2021.
- Region wise, North America was the highest revenue contributor in 2021.
Companies Mentioned
- 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.
- Susumu Co., Ltd.
- yageo
- Viking Tech Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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