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Thin Film Chip Resistor Market Report

RA08605

Thin Film Chip Resistor Market by Type (Ultra Precision 0.05% Tolerance, 0.1% Tolerance, 1% Tolerance, and Others), Application (Instrumentation, Medical Instruments, Power Supply, Electric Power Equipment, Electronic Digital Products, and Others), End-user (Industrial Equipment, Consumer Electronics, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031

RA08605

Pages: 250

Feb 2023

Global Thin Film Chip Resistor Market Analysis

The Global Thin Film Chip Resistor Market Size was $631.2 million in 2021 and is predicted to grow with a CAGR of 5.4%, by generating a revenue of $1,046.4 million by 2031.

Global Thin Film Chip Resistor Market Analysis

Global Thin Film Chip Resistor Market Synopsis

The advancement in data capture, sensors, computer power, networking, and robotics are helping companies to make advanced material to improve the production, supply chains, and services, which is driving rising demand for thin film chip resistors. Thin film chip resistors are used to regulate the flow of electricity in a system or device, as well as to reduce voltage or maintain current at a particular level. They are also used to secure, control, and operate circuits in various applications such as industrial, consumer electronics, and automotive. Additionally, due to the increasing popularity of electronic devices among consumers, such as smartphones and tablets, the thin film chip resistor market is predicted to expand significantly over the forecast period. The growing expansion of automotive and industrial electronics, as well as the continuous development of new technologies such as artificial intelligence in devices, IoT, and 5G networks, are expected to drive the thin film chip resistor market growth.

However, raw material price changes are expected to hinder thin film chip resistor market share growth throughout the forecast period. New industry developments by new entrants in the market are poised to offer growth opportunities for the overall industry. For instance, Vishay Intertechnology in May 2021 announced the Vishay Sfernice P2TC, a new high precision thin film chip resistor for medical, industrial, aerospace, and defense applications.

The leading manufacturers are significantly investing in R&D activities in order to launch innovative product variants and expand their product portfolio. For example, they developed a high precision thin film chip resistor with the most robust electro-static discharge (ESD) protection to improve accuracy and reduce ESD risks in industrial robots and automotive electronic control units (ECUs). Additionally, the advanced market of high-end automobiles and hybrid electric vehicles are driving demand for goods used in automotive components. The expanding automation across various end use industries, increasing use of 4G and 5G technologies, rapid urbanization, and rising consumer disposable incomes are all factors contributing to an excellent thin film chip resistor market opportunity.

According to regional analysis, the Asia-Pacific thin film chip resistor market size is predicted to grow in the projected timeframe. This is because Asia-Pacific is expected to hold the largest market share for thin film chip resistor worldwide. The consumer electronics sector's growth and the region's rapid development of electric vehicles, especially in China, are primarily contributing to the market growth.

Thin Film Chip Resistor Overview

Thin film chip resistors are resistors made of thin film material. They are commonly used to control the flow of electricity in electronic devices. Thin film chip resistors are useful in electronics because they help to ensure that the device operates properly and does not overheat. Additionally, thin film chip resistors are type of resistors that process a thin resistor layer sat on top of a ceramic base.                  

COVID-19 Impact on Global Thin Film Chip Resistor Market

COVID-19 was declared as a pandemic in 2019 and the effect of the pandemic was felt on various industries along with the global thin film chip resistor market. Owing to COVID-19 pandemic, the decline in the growth of key industries using chip resistors, such as industrial electronic equipment and automobiles, has impeded the growth of the market in the last couple of years. Manufacturing activities of chip resistors have been restricted due to lockdown measures implemented in many countries, as well as many production facilities have been completely or partially shut down. Furthermore, ban on export, along with shortage of raw materials have created interferences in the production of chip resistors. The demand from end-use industries such as consumer electronics, industrial, automotive & transportation, IT & telecommunication, and others have been reduced expressively due to hindrance in daily operations. Regular operations are anticipated to begin with full capacity post the lockdown is lifted, and the demand is expected to rise steadily thereafter.

However, in May 2021, Vishay Inter Technology took new initiative to introduce a new thin film chip resistor. The manufacturer of semiconductors and passive electronic components introduced high precision thin film wraparound chip resistor that delivers tight TCR of ± 2 ppm/°Cover 100 Ω to 3.05 MΩ resistance range used in industrial, medical, military, and aerospace applications.

Key Factors Driving the Growth of The Thin Film Chip Resistors Market Is the Development of Data Centers

Many enterprises, including Amazon Web Services, Microsoft Azure, and Google Cloud Platform, are transferring data to the cloud with the help of cloud service providers. The increasing use of digitalization has resulted in a significant increase in the volume of data gathered and processed by enterprises. To access data stored in data centers and data collected from connected devices, companies are deploying data centers and advanced networking technologies. As a result, the growth of data center infrastructure is expected to drive thin film chip resistors market growth throughout the forecast period.

To know more about global thin film chip resistors market drivers, get in touch with our analysts here.

Raw Material Price Uncertainty Would Restrain the Market Growth

Raw material price fluctuations are expected to hinder global market growth during the forecast period. Raw materials used in chip resistors, such as ruthenium and palladium, continue to show price volatility and are predicted to have a market impact on chip resistor production costs. In addition, the cost of raw materials required for the production of thin film chip resistor such as capital costs, freight costs, the cost of electronics product is high, which is anticipated to hamper the thin film chip resistor market size growth.

The Key Factor of Thin Film Chip Resistors Market is a Shift Toward Lead-Free Components to Drive Excellent Opportunities

The market players are focusing on the use of lead-free, passive electronic components due to the harmful nature of lead. The governments of some countries are emphasizing the manufacturing of eco-friendly electronics and electronic components. As a result, vendors have developed lead-free chip resistors, which do not harm the environment. This makes the resistors suitable for use in consumer electronics as well as defense and aerospace applications. This, in turn, will fuel the thin film chip resistors market revenue growth in the forecast period.

To know more about global thin film chip resistor market opportunities, get in touch with our analysts here.

Global Thin Film Chip Resistor Market, by Type

Based on type, the market has been divided into Ultra Precision 0.05% Tolerance, 0.1% Tolerance, 1% Tolerance, and Others. Among these, the Ultra Precision 0.05% Tolerance sub-segment accounted for the highest market share in 2021 whereas the 0.1% Tolerance sub-segment is estimated to show the fastest growth during the forecast period.

                Global Thin Film Chip Resistor Market Size, by Type, 2021

Global Thin Film Chip Resistor Market, by Type

Source: Research Dive Analysis

The Ultra Precision 0.05% Tolerance sub-type accounted for a dominant market share in 2021. Ultra-Precision 0.05% Tolerance is a thin-film resistor with better precision and accuracy as compared to standard resistors, providing high reliability. These devices are made with cutting-edge technology, with special attention paid to the quality control process. Ultra-precision 0.05% tolerance is a new term in the thin film chip resistors market that has grown in popularity among both customers and producers in recent years. The key driver of this growth is its high applicability across a wide range of end-use sectors, including healthcare, automotive, consumer electronics, aerospace & military, and solar.

The 0.1% Tolerance sub-type is anticipated to show the fastest growth by 2031. 1% Tolerance is a measure of fabrication accuracy that represents 1% of total variation across all tested samples. It is often used for thin film chip resistors because it improves reproducibility, homogeneity, and consistency in product performance while having a low overall cost effect during mass production. Tolerances of 0.1% are generally accessible, enabling circuits to maintain strong repeatability from one unit to the next. These resistors also have a high temperature coefficient of resistance, which usually ranges between 50 and 100 ppm / 0K.

Global Thin Film Chip Resistor Market, by Application

Based on application, the market has been divided into instrumentation, medical instruments, power supply, electric power equipment, electronic digital products, and others. Among these, the instrumentation sub-segment accounted for highest revenue share in 2021.

Global Thin film Chip Resistor Market Share, by Application, 2021

Global Thin Film Chip Resistor Market, by Application

Source: Research Dive Analysis

The industrial equipment sub-segment is accounted to have a dominant market share in 2021. Precision thin-film resistors are used in instrumentation for accurate measurement of voltage, current, and resistance. They are also employed to control the output voltage or current with precision by reducing noise interference between components within circuits. The resistor may be built-in on a chip which reduces the space required for installation purposes resulting in a compact design of measuring equipment. Instruments such as precision resistors, potentiometers, and thermometers are used in a wide range of applications including consumer electronics, telecommunication equipment, and medical devices. The ultra-precision 0.1% tolerance products are majorly used in electronic instruments while 1% tolerance products can be found mostly in industrial uses such as power supply units and electric power equipment among others.

Global Thin Film Chip Resistor Market, by End-user

Based on end-user, the market has been divided into industrial equipment, consumer electronics, and others. Among these, the industrial equipment sub-segment accounted for highest revenue share in 2021.

Global Thin Film Chip Resistor Market Analysis, by End-user, 2021

Global Thin Film Chip Resistor Market, by End-user

Source: Research Dive Analysis

The industrial equipment sub-segment accounted for a dominant market share in 2021. Long-term performance of thin film chip resistors in a high sulfur environment is becoming more critical in many industries, including industrial equipment. The advantages of industrial equipment for data/storage centers, server farms, and the IT industry in general are enormous in mission-critical applications such as banking, mass data storage, military, and especially harsh industrial environments or geographical locations such as China and India, where conditions might not always be ideal for server operation.

Global Thin Film Chip Resistor Market, Regional Insights

The thin film chip resistor market was investigated across North America, Europe, Asia-Pacific, and LAMEA.

Global Thin Film Chip Resistor Market Size & Forecast, by Region, 2021-2031 (USD Million)

Global Thin Film Chip Resistor Market, Regional Insights

Source: Research Dive Analysis

The Market for Thin Film Chip Resistor in North America to be the Most Dominant

The North America thin film chip resistor market accounted for a dominating market share in 2021. This can be attributed to the increasing demand for electronic digital products, such as smartphones and tablets, in the region. Moreover, the growing adoption of thin film chip resistors across various industrial applications such as instrumentation and medical instruments is also contributing to the growth of this market in North America. North America is expected to grow at a slower pace than other regions over the forecast period. This can be attributed to the high penetration of thin film chip resistors in various industrial applications across North America, which limits the growth potential of this market in the region. North America is anticipated to witness significant growth due to the increasing use of automation in several industries including automotive, industrial equipment, and manufacturing.

Competitive Scenario in the Global Thin Film Chip Resistor Market

Investment and agreement are common strategies followed by major market players. For instance, in March 2018, Panasonic Corporation a leader in the development of diverse electronics technologies, established a 0402 size, high precision thin film chip resistor that helps increase accuracy and decrease electro-static discharges risk in automotive electronic control units (ECU) and industrial robots.

Competitive Scenario in the Global Thin Film Chip Resistor Market

Source: Research Dive Analysis

Some of the leading thin film chip resistor market players are 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.

Aspect

Particulars

  Historical Market Estimations

  2021

  Base Year for Market Estimation

  2021

  Forecast Timeline for Market Projection

  2022-2031

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Type

  • Ultra Precision 0.05% Tolerance
  • 0.1% Tolerance
  • 1% Tolerance
  • Others

  Segmentation by Application

  • Instrumentation
  • Medical Instruments
  • Power Supply
  • Electric Power Equipment
  • Electronic Digital Products
  • Others

  Segmentation by End-user

  • Industrial Equipment
  • Consumer Electronics
  • Others

  Key Companies Profiled

  • 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.
  • Uniohm

Frequently Asked Questions
 

A. The size of the global thin film chip resistor market was over $631.2 million in 2021 and is projected to reach $1,046.4 million by 2031.

A. Elektronische Bauelemente GmbH (EBG), Ever Ohms Technology Co., Ltd., and KOA are some of the key players in the global thin film chip resistor market.

A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.

A. Asia-Pacific thin film chip resistor market is anticipated to grow at 7.6% CAGR during the forecast period.

A. Agreement and investment are the two key strategies opted by the operating companies in this market.

A. Elektronische Bauelemente GmbH (EBG), Ever Ohms Technology Co., Ltd., KOA, and Panasonic are the companies investing more on R&D activities for developing new products and technologies.

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.5.Market size estimation

1.5.1.Top-down approach
1.5.2.Bottom-up approach

2.Report Scope

2.1.Market definition
2.2.Key objectives of the study
2.3.Report overview
2.4.Market segmentation
2.5.Overview of the impact of COVID-19 on the global thin film chip resistor market 

3.Executive Summary

4.Market Overview

4.1.Introduction
4.2.Growth impact forces

4.2.1.Drivers
4.2.2.Restraints
4.2.3.Opportunities

4.3.Market value chain analysis

4.3.1.List of raw material suppliers
4.3.2.List of manufacturers 
4.3.3.List of distributors

4.4.Innovation & sustainability matrices

4.4.1.Technology matrix
4.4.2.Regulatory matrix

4.5.Porter’s five forces analysis

4.5.1.Bargaining power of suppliers
4.5.2.Bargaining power of consumers
4.5.3.Threat of substitutes
4.5.4.Threat of new entrants
4.5.5.Competitive rivalry intensity

4.6.PESTLE analysis

4.6.1.Political
4.6.2.Economical
4.6.3.Social
4.6.4.Technological
4.6.5.Environmental

4.7.Impact of COVID-19 on the thin film chip resistor market

4.7.1.Pre-covid market scenario
4.7.2.Post-covid market scenario

5.Thin Film Chip Resistor Market, by Type

5.1.Overview

5.1.1.Market size and forecast, by Type  

5.2.Ultra Precision 0.05% Tolerance

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region, 2021-2031
5.2.3.Market share analysis, by country, 2021 & 2031

5.3.0.1% Tolerance 

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region, 2021-2031
5.3.3.Market share analysis, by country, 2021 & 2031

5.4.1% Tolerance 

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region, 2021-2031
5.4.3.Market share analysis, by country, 2021 & 2031

5.5.Others

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region, 2021-2031
5.5.3.Market share analysis, by country 2021 & 2031

5.6.Research Dive Exclusive Insights

5.6.1.Market attractiveness
5.6.2.Competition heatmap

6.Thin Film Chip Resistor Market, by Application

6.1.Overview

6.1.1.Market size and forecast, by Application

6.2.Instrumentation

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region, 2021-2031
6.2.3.Market share analysis, by country, 2021 & 2031

6.3.Medical Instruments 

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region, 2021-2031
6.3.3.Market share analysis, by country, 2021 & 2031 

6.4.Power Supply

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region, 2021-2031
6.4.3.Market share analysis, by country 2021 & 2031  

6.5.Electric Power Equipment

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region, 2021-2031
6.5.3.Market share analysis, by country, 2021 & 2031

6.6.Electronic Digital Products

6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, by region, 2021-2031
6.6.3.Market share analysis, by country, 2021 & 2031

6.7.Others

6.7.1.Key market trends, growth factors, and opportunities
6.7.2.Market size and forecast, by region, 2021-2031
6.7.3.Market share analysis, by country, 2021 & 2031

6.8.Research Dive Exclusive Insights

6.8.1.Market attractiveness
6.8.2.Competition heatmap 

7.Thin Film Chip Resistor Market, by End-user

7.1.Overview

7.1.1.Market size and forecast, by End-user

7.2.Industrial Equipment

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region, 2021-2031
7.2.3.Market share analysis, by country, 2021 & 2031

7.3.Consumer Electronics

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region, 2021-2031
7.3.3.Market share analysis, by country, 2021 & 2031 

7.4.Others

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by region, 2021-2031
7.4.3.Market share analysis, by country, 2021 & 2031

7.5.Research Dive Exclusive Insights

7.5.1.Market attractiveness
7.5.2.Competition heatmap

8.Thin Film Chip Resistor Market, by Region

8.1.North America

8.1.1.U.S.

8.1.1.1.Market size analysis, by Type  
8.1.1.2.Market size analysis, by Application 
8.1.1.3.Market size analysis, by End-user

8.1.2.Canada

8.1.2.1.Market size analysis, by Type  
8.1.2.2.Market size analysis, by Application 
8.1.2.3.Market size analysis, by End-user

8.1.3.Mexico

8.1.3.1.Market size analysis, by Type  
8.1.3.2.Market size analysis, by Application 
8.1.3.3.Market size analysis, by End-user

8.1.4.Research Dive Exclusive Insights

8.1.4.1.Market attractiveness
8.1.4.2.Competition heatmap

8.2.Europe

8.2.1.Germany 

8.2.1.1.Market size analysis, by Type  
8.2.1.2.Market size analysis, by Application 
8.2.1.3.Market size analysis, by End-user

8.2.2.UK

8.2.2.1.Market size analysis, by Type  
8.2.2.2.Market size analysis, by Application 
8.2.2.3.Market size analysis, by End-user

8.2.3.France

8.2.3.1.Market size analysis, by Type  
8.2.3.2.Market size analysis, by Application 
8.2.3.3.Market size analysis, by End-user

8.2.4.Spain

8.2.4.1.Market size analysis, by Type  
8.2.4.2.Market size analysis, by Application 
8.2.4.3.Market size analysis, by End-user

8.2.5.Italy

8.2.5.1.Market size analysis, by Type  
8.2.5.2.Market size analysis, by Application 
8.2.5.3.Market size analysis, by End-user

8.2.6.Rest of Europe

8.2.6.1.Market size analysis, by Type  
8.2.6.2.Market size analysis, by Application 
8.2.6.3.Market size analysis, by End-user

8.2.7.Research Dive Exclusive Insights

8.2.7.1.Market attractiveness
8.2.7.2.Competition heatmap

8.3.Asia-Pacific

8.3.1.China

8.3.1.1.Market size analysis, by Type  
8.3.1.2.Market size analysis, by Application 
8.3.1.3.Market size analysis, by End-user

8.3.2.Japan 

8.3.2.1.Market size analysis, by Type  
8.3.2.2.Market size analysis, by Application 
8.3.2.3.Market size analysis, by End-user

8.3.3.India

8.3.3.1.Market size analysis, by Type  
8.3.3.2.Market size analysis, by Application 
8.3.3.3.Market size analysis, by End-user

8.3.4.Australia

8.3.4.1.Market size analysis, by Type  
8.3.4.2.Market size analysis, by Application 
8.3.4.3.Market size analysis, by End-user

8.3.5.South Korea

8.3.5.1.Market size analysis, by Type  
8.3.5.2.Market size analysis, by Application 
8.3.5.3.Market size analysis, by End-user

8.3.6.Rest of Asia-Pacific

8.3.6.1.Market size analysis, by Type  
8.3.6.2.Market size analysis, by Application 
8.3.6.3.Market size analysis, by End-user

8.3.7.Research Dive Exclusive Insights

8.3.7.1.Market attractiveness
8.3.7.2.Competition heatmap

8.4.LAMEA

8.4.1.Brazil

8.4.1.1.Market size analysis, by Type  
8.4.1.2.Market size analysis, by Application 
8.4.1.3.Market size analysis, by End-user

8.4.2.Saudi Arabia

8.4.2.1.Market size analysis, by Type  
8.4.2.2.Market size analysis, by Application 
8.4.2.3.Market size analysis, by End-user

8.4.3.UAE

8.4.3.1.Market size analysis, by Type  
8.4.3.2.Market size analysis, by Application 
8.4.3.3.Market size analysis, by End-user

8.4.4.South Africa

8.4.4.1.Market size analysis, by Type  
8.4.4.2.Market size analysis, by Application 
8.4.4.3.Market size analysis, by End-user

8.4.5.Rest of LAMEA

8.4.5.1.Market size analysis, by Type  
8.4.5.2.Market size analysis, by Application 
8.4.5.3.Market size analysis, by End-user

8.4.6.Research Dive Exclusive Insights

8.4.6.1.Market attractiveness
8.4.6.2.Competition heatmap

9.Competitive Landscape

9.1.Top winning strategies, 2021

9.1.1.By strategy
9.1.2.By year
9.2.Strategic overview
9.3.Market share analysis, 2021

10.Company Profiles

10.1.Elektronische Bauelemente GmbH (EBG)

10.1.1.Overview
10.1.2.Business segments
10.1.3.Product portfolio
10.1.4.Financial performance
10.1.5.Recent developments
10.1.6.SWOT analysis

10.2.Ever Ohms Technology Co., Ltd.

10.2.1.Overview
10.2.2.Business segments
10.2.3.Product portfolio
10.2.4.Financial performance
10.2.5.Recent developments
10.2.6.SWOT analysis

10.3.KOA

10.3.1.Overview
10.3.2.Business segments
10.3.3.Product portfolio
10.3.4.Financial performance
10.3.5.Recent developments
10.3.6.SWOT analysis

10.4.Panasonic

10.4.1.Overview
10.4.2.Business segments
10.4.3.Product portfolio
10.4.4.Financial performance
10.4.5.Recent developments
10.4.6.SWOT analysis

10.5.Ralec Electronics Corp. 

10.5.1.Overview
10.5.2.Business segments
10.5.3.Product portfolio
10.5.4.Financial performance
10.5.5.Recent developments
10.5.6.SWOT analysis

10.6.Rohm Co., Ltd.

10.6.1.Overview
10.6.2.Business segments
10.6.3.Product portfolio
10.6.4.Financial performance
10.6.5.Recent developments
10.6.6.SWOT analysis

10.7.Samsung Electro-Mechanics

10.7.1.Overview
10.7.2.Business segments
10.7.3.Product portfolio
10.7.4.Financial performance
10.7.5.Recent developments
10.7.6.SWOT analysis

10.8.Ta-I Technology Co., Ltd.

10.8.1.Overview
10.8.2.Business segments
10.8.3.Product portfolio
10.8.4.Financial performance
10.8.5.Recent developments
10.8.6.SWOT analysis

10.9.Tateyama Kagaku Industry Co., Ltd.

10.9.1.Overview
10.9.2.Business segments
10.9.3.Product portfolio
10.9.4.Financial performance
10.9.5.Recent developments
10.9.6.SWOT analysis

10.10.Uniohm

10.10.1.Overview
10.10.2.Business segments
10.10.3.Product portfolio
10.10.4.Financial performance
10.10.5.Recent developments
10.10.6.SWOT analysis

11.Appendix

11.1.Parent & peer market analysis
11.2.Premium insights from industry experts
11.3.Related reports

Over the past ten years, thin film resistors, once regarded as high-end and expensive, are now often produced by a variety of electronics manufacturers, and are frequently found in stock. Thin film resistors' electrical performance has significantly improved as compared to thick film chips, especially in terms of tolerance and TCR. Several advancements in thin film resistors are swiftly catching up to the performance of components like bulk metal foil technology. In the recent years, these resistors have become extremely powerful and affordable.

Thin film chip resistors are resistors consisting of a thin layer of material. They are frequently utilized in electrical equipment to regulate the flow of power. Thin film chip resistors can be highly useful in electronics since they can aid in ensuring that the gadget functions correctly and does not overheat. Thin-film resistors are the most popular type of resistor that is currently available. Thin-film resistors are a particular kind of resistor with a thin resistive layer placed on top of a ceramic substrate. The global thin film chip resistor market is expanding at a rapid pace due to the increasing needs of the automobile industry and the development of Internet of Things (IoT) devices.

Newest Insights in the Thin Film Chip Resistor Market

The increasing popularity of wearable gadgets, as well as the growing utilization of 4G and 5G networks have boosted the demand for thin film chip resistors. As per a report by Research Dive, the global thin film chip resistor market is expected to surpass a revenue of $1,046.4 million in the 2022-2031 timeframe. The North America thin film chip resistor market is expected to perceive foremost and dominant growth in the years to come. This is because the region has a gigantic demand for thin film chip resistors owing to the rising consumer demand for digital devices such as tablets and smartphones in the region.

How are Market Players Responding to the Rising Demand for Thin Film Chip Resistor?

Market players are greatly investing in pioneering research and inventions to cater for the growing demand for thin film chip resistors from the medical sector. Some of the foremost players in the thin film chip resistor market are Ever Ohms Technology Co., Ltd., Elektronische Bauelemente GmbH (EBG), Panasonic, Ralec Electronics Corp., KOA, Samsung Electro-Mechanics, Rohm Co., Ltd., Tateyama Kagaku Industry Co., Ltd., Ta-I Technology Co., Ltd., Uniohm, and others. These players are focused on planning and devising tactics such as mergers and acquisitions, collaborations, novel advances, and partnerships to reach a notable position in the global market. For instance:

  • In May 2022, Vishay Intertechnology, a leading producer of passive electronic parts and semiconductors, launched a brand-new high-precision thin-film wrap-around chip resistor for use in medical, industrial, aerospace, and military applications.
     
  • In September 2022, TT Electronics, a global producer of electronic components and supplier of manufacturing services, launched its TFHP range of thin film, high-power chip resistors that take advantage of an aluminium nitride (AlN) ceramic substrate with approximately six times the conductivity of alumina to combine high power and high accuracy in a single resistor.
     
  • In October 2022, Yageo, leading provider of passive components, launched moisture and sulfur resistant, thin film high precision chip resistors.

COVID-19 Impact on the Global Thin Film Chip Resistor Market

The unpredicted rise of the coronavirus pandemic in 2020 adversely impacted the global thin film chip resistor market. During the pandemic period, the fall in the growth of important industries utilizing chip resistors, such as industrial electronic equipment and automobiles hampered the market growth. The manufacturing of chip resistors suddenly closed due to lockdown measures taken in several nations, and many production facilities got totally or partially shut down. The demand for thin film resistors from end-use industries such as industrial, consumer electronics, automotive & transportation, and others significantly reduced due to disruptions in everyday operations. Additionally, the production of chip resistors massively hampered due to the ban of exports and shortage of raw materials. However, the thin film chip resistor market is likely to regain momentum in the post-pandemic period due to growing demand from various industrial sectors.

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