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The Global Chip Resistor Market Anticipated to Generate a Revenue of $ 3,330.3 Million, Growing at a CAGR of 6.9% from 2021 to 2028 - Research Dive

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The global chip resistor market is estimated to be valued at $3,330.3 million by 2028, surging from $1,932.8 million in 2020 at a noteworthy CAGR of 6.9%.

Impact Analysis of COVID-19 on the Chip Resistor Market

Many industries across the world have been negatively impacted over the last few months. This can be attributed to significant disruptions experienced by their respective manufacturing and supply-chain operations as a result of several precautionary lockdowns, as well as other restrictions that were enforced by governing authorities across the world. Additionally, this pandemic is impacting the society and overall economy across the globe. The impact of this outbreak is rising day-by-day as well as affecting the supply chain. It is creating uncertainty in the market, reducing business confidence, hampering the supply chain, and growing panic among customers. European countries such as Italy, France have faced a major loss of business and revenue due to shutdown of manufacturing units in the region. Processes of production and manufacturing industries have been heavily impacted by the chip resistor market in 2020.  

Global Chip Resistor Market Analysis

Rising demands for high-performance based electronic and electrical systems, high adoption rate for premium/high-end vehicles, growing levels of demands for advanced technologies for the automotive components, and growth of adoption rate for 4G and 5G networking technology are some key factors to drive the chip resistor market. Additionally, recent innovations such as high definition equipment and eco-friendly electronic products have improved the demand for chip resistors in the market. Moreover, the rise in the demand for consumer electronic products and high-end products or devices in the developed countries is expected to drive the growth of the market. Additionally, technological advancement in consumer electronics sector and rise in application in automotive & transportation are estimated to contribute toward the growth of the chip resistor market share.

The high raw material price such as nickel, ruthenium and tantalite along with overall fall of commodity devices and reduced manufacturers profit margins may create a negative impact on the market during the forecast period.

Growth of adoption rate for 4G and 5G networking technology may create huge opportunities for the global chip resistor market, in the future. Hybrid electric vehicles is estimated to lead the chip resistors due to its maximum application in the electric and hybrid vehicle segment. It has an internal combustion engine along with an electric propulsion system along with more installation of supplementary technologies such as advanced motor assist, actuators, regenerative braking, and automatic start/stop system. These technologies need more sophisticated electrical and electronic circuitry which are intended to offer additional auxiliary power. Therefore, the installation of such technologies coupled with the growing demand for hybrid electric vehicles will consequently boost the chip resistor market.

Global Chip Resistor Market, Segmentation

The global chip resistor market is segmented based on technology, end- use, and region.


The technology segment is further classified into thick film chip resistor, thin film chip resistor, and others. Among these, the thin film chip resistor sub-segment is anticipated to have the fastest growth and surpass $1,283.9 million by 2028, with an increase from $727.4 million in 2020.

Factors driving this sub-segment market include the rising automotive industry, consumer electronics goods, and telecommunications products. Increasing integrated circuit and electric & hybrid vehicles sales along with the government regulations to improve fuel efficiency and safety standards have prompted the original equipment manufacturers to install more electrical and electronic devices, which eventually may drive the market in the automotive industry. All these factors help to boost the thick film resistors market.


The end-use segment is further divided into consumer electronics, industrial, automotive and transportation, telecommunication, aerospace and defense, and others. The telecommunication sub-segment is anticipated to have a dominating market share in the global market and register a revenue of $ 955.7 million during the analysis timeframe.

Resistor plays n vital role in communication application. The telecom environment is rising at a fast speed and more devices are wirelessly connected by the internet. The global village is knitted together due to internet connection. Rising demand for key communication applications in telecommunication industries such as, smart phone, subscriber line card, tablet personal computer, wireless base stations, Internet of Things (IoT), power supply, set top box, wireless wearables, and modem/ router may also help to grow chip resistor market.  


The chip resistor market for the Asia-Pacific region is projected to witness rapid growth. This market generated a revenue of $ 819.0 million in 2020 and is further projected to reach up to $ 1,434.1 million by 2028.

Asia-Pacific is one of the most significant regions for the chip resistor devices market, mainly due to government policies favoring the growth of chip resistor manufacturing. Also, the region is the largest manufacturer of consumer electronics. Also, the Chinese government raised around USD 23-30 billion to pay for the second phase of its National IC Investment Fund. Moreover, the growth of the various industries such as, telecom, consumer electronics in China and India is further expected to fuel the demand for the thick film devices market. Growing urbanization, increasing disposable income, foreign direct investment (FDI) policies, and rising ecommerce activities are expected to grow the demand for electronic devices, leading to the increased demand for chip resistor in this region. Most of the regional chip resistor producers such as Yageo, Panasonic, Rohm, and Koa Corporation are catering to the chip resistor demand in Asian countries.

Key Players in the Global Chip Resistor Market

Some of the leading global chip resistor market players are –

  1. Bourns Inc.
  2. TE Connectivity
  3. Vishay Intertechnology Inc.,
  4. Koa Corporation
  5. Tzai Yuan Enterprise Co.
  6. International Manufacturing Services
  7. Panasonic Corporation
  8. Samsung Electro-Mechanics
  9. Yageo Corporation
  10. Rohm Semiconductor
  11. AVX Corporation
  12. Susumu Co. Ltd

Along with the company profiles of the key players in the market, the report includes the Porter’s five forces model that gives deep insights into the competitive environment of the market.

Porter’s Five Forces Analysis for the Global Chip Resistor Market

  • Bargaining Power of Suppliers: The suppliers in the chip resistor market are moderate in number. For the large semiconductor companies, suppliers have little power - many semiconductor companies have hundreds of suppliers. This diffusion of risk over many companies allows the chip giant to keep the bargaining power of any one supplier to minimum. Thus, there is less threat from the suppliers. 
    Thus, the bargaining power of the suppliers is moderate.
  • Bargaining Power of Buyers: Buyers have high bargaining power, mainly due to the huge number of chip resistor services that are offered in low prices. The buyers can hence choose the service that best fits their preferences. 
    Hence, the bargaining power of buyers is high.
  • Threat of New Entrants: Startups entering this market are providing advanced chip resistor solutions to the customers. Moreover, the switching cost of buyers is not high. 
    As a result, the threat of the new entrants is high.
  • Threat of Substitutes: Low-cost services and technological innovations are being offered in the market by companies attract customers. However, companies that are already in chip resistor offer huge discounts with regular free service. 
    Therefore, the threat of substitutes is low.
  • Competitive Rivalry in the Market: The ventures operating in the global chip resistor are opting for various businesses deployment strategies to hold their position in the market. Several companies are launching their value-added services in the international market and strengthening the footprint worldwide. 
    Therefore, competitive rivalry in the market is high.
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