Precision Resistor Market Report 2025

The precision resistor market size has grown strongly in recent years. It will grow from $3.95 billion in 2024 to $4.28 billion in 2025 at a compound annual growth rate (CAGR) of 8.2%. The growth during the historic period was driven by increasing demand for consumer electronics, the accelerating shift toward automotive electrification, the expansion of industrial automation, the rollout of 5G infrastructure, and the growing need for medical devices.

The precision resistor market size is expected to see strong growth in the next few years. It will grow to $5.78 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The projected growth in the forecast period can be attributed to the rising adoption of electric vehicles, increasing demand for Internet of Things (IoT) devices, the expansion of renewable energy systems, the growth of artificial intelligence and edge computing, and the rising demand for advanced medical technologies. Key trends expected during this time include progress in automotive electronics, the development of miniaturized components, innovations in high-frequency applications, advancements in 5G and IoT devices, and further developments in renewable energy systems.

The rising demand from the electronics industry is expected to drive the growth of the precision resistor market in the coming years. The electronics industry encompasses the design, manufacturing, and sale of electronic components and devices used in consumer products, industrial systems, and advanced technologies across multiple sectors. This expansion is being fueled by the growing global demand for semiconductors, particularly as their applications increase in areas such as artificial intelligence, electric vehicles, and consumer electronics. Precision resistors play a critical role in the electronics sector by offering highly accurate and stable resistance values, which ensure reliable circuit performance and meet the stringent requirements of advanced electronic systems. For example, in July 2024, the Semiconductor Industry Association, a US-based trade association, reported that global semiconductor industry sales reached $49.1 billion in May 2024, up 19.3% from $41.2 billion in May 2023 and 4.1% higher than $47.2 billion in April 2024. As a result, the rising demand from the electronics industry is contributing to the growth of the precision resistor market.

Companies in the precision resistor market are investing in technological advancements, such as high-precision chip resistors, to deliver greater accuracy, stability, and reliability in electronic circuits. High-precision chip resistors are compact, surface-mount components designed to provide exceptionally stable and accurate resistance values with minimal deviation under various conditions. For instance, in September 2022, TT Electronics, a UK-based engineered electronics provider, introduced the TFHP series of thin-film chip resistors that combine high precision and high power in one component. Built on an aluminum nitride (AlN) ceramic substrate, these resistors offer nearly six times the thermal conductivity of standard alumina substrates. The series includes power ratings of 2W for the 1206 chip size and 6W for the 2512 chip size, with precision features such as 0.1% tolerance and a 25 ppm/°C temperature coefficient of resistance (TCR). These resistors are designed to minimize component size, reduce temperature rise, enhance linearity, and improve reliability, making them ideal for use in precision power supplies, amplifiers, and process control applications.

In April 2023, Bourns Inc., a US-based electronics manufacturer, acquired Riedon Inc. for an undisclosed sum. This acquisition strengthens Bourns’ position in the global resistors market by incorporating Riedon’s advanced thick-film, thin-film, wire-wound, and shunt resistor technologies into its product portfolio. The move enables Bourns to provide a broader range of high-quality, reliable resistive and current-sense solutions to meet the growing needs of high-demand markets. Riedon Inc., based in the United States, specializes in designing and producing power and precision resistors.

Major players in the precision resistor market are Panasonic Holdings Corporation, TDK Corporation, TE Connectivity Ltd., Murata Manufacturing Co. Ltd., Delta Electronics Inc., Yageo Corporation, Kyocera AVX, Vishay Intertechnology Inc., Bourns Inc., ROHM Co. Ltd., CTS Corporation, Ever Ohms Technology Co. Ltd., Isabellenhütte Heusler GmbH & Co. KG, Mini-Systems Inc., Caddock Electronics, NIC Components Corporation, Thunder Components Limited, Susumu International, RMC Electronics Private Limited, Thakor Electronics Limited, Watts Electronics Private Limited, SRT Resistor Technology GmbH, and Japan Resistor Manufacturing Co. Ltd.

Asia-Pacific was the largest region in the precision resistor market in 2024, and it is expected to be the fastest-growing region in the forecast period. The regions covered in precision resistor report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the precision resistor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.

Precision resistors are resistive components carefully designed and manufactured to provide highly accurate and stable resistance values, with extremely tight tolerances that ensure the actual resistance closely matches the specified nominal value. They are built to deliver reliable and consistent electrical performance, maintaining their defined properties even when exposed to environmental changes and electrical stress over time.

The major types of precision resistors include precision wire-wound resistors, precision metal film resistors, and precision metal foil resistors. Precision wire-wound resistors are created by winding a metal wire around a ceramic or fiberglass core, offering superior accuracy and long-term stability. Technologies used in precision resistors include thin-film precision resistors, thick-film precision resistors, metal-foil or bulk-metal foil resistors, wire-wound precision resistors, metal-film precision resistors, and current-sense shunts. These products are distributed through direct sales, authorized distributors, and online retail platforms. Precision resistors serve applications such as current sensing and shunts, precision measurement and calibration, voltage division and reference, temperature compensation networks, and feedback or control loops. They are widely used across industries including test and measurement equipment, industrial automation and control, automotive electronics and xEVs (electric and extended variants), medical and life-science devices, aerospace and defense, telecommunications infrastructure, consumer electronics, and energy and power management.

The precision resistor market research report is one of a series of new reports that provides precision resistor market statistics, including precision resistor industry global market size, regional shares, competitors with a precision resistor market share, detailed precision resistor market segments, market trends and opportunities, and any further data you may need to thrive in the precision resistor industry. This precision resistor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The precision resistor market consists of sales of surface-mount precision resistors, precision chip resistors, high-voltage precision resistors, low-ohmic precision resistors, and temperature-compensated precision resistors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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