Chip Resistors Market

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6. MarketOverview The Chip Resistors Market Size Was Valued At USD 999.4 Million In 2022 And Is Expected To Reach USD 1,567.2 Million By 20230, At A CAGR Of 5.9% From 2023 To 2030. A chip resistor is an integrated circuit (IC) device packaged in a rectangular or square chip and is a very compact surface mount electronic component designed to provide a known resistance to any current flowing through it. They are used to operate, protect or control circuits. They may have a fixed resistance value or a flexible or adjustable on-chip resistance value within a specific range. Chip resistors, also known as surface mount device or SMD resistors, are widely used in automotive and transportation, consumer electronics, industrial, and IT and telecom applications.

7. Regional Analysis: Geographically, Asia Pacific is one of the largest producers of electronic equipment due to mass production and resource availability in China, while Europe is estimated to be the largest purchaser of electronic equipment. Sales of semiconductors are expected to grow about 15% through 2020. The automotive segment is likely to be the largest market for thick film resistors by end-use industry during the forecast period. It is assumed that the thick film resistors market demand will increase with the increasing demand for fast internet connections, consumer electronics, comfort and luxury features. Government regulations for high-safety installation of equipment have increased the demand for high-precision chip resistors in European countries and North America.

8. The Global Chip Resistor Market has been segmented into: • By Application: • Consumer Electronics, Medical, Industrial, Automotive and Transportation, Aerospace and Defense, Telecommunication, Others • ByType • Thick Film, Thin Film

9. MarketDynamics • Notable factors positively impacting the growth of the chip resistors market include the wave of digitalization and increasing demand for consumer electronics. Electronic devices such as TVs, computers or smartphones are popular. Chip resistors consume the highest amount in consumer electronics for the safety of the system or device to limit the current flow in the device. As chip resistors are integrated into various electronic devices, the demand for chip resistors is also increasing. This is attributed to the increasing demand for the use of chip resistors, which in turn drives the market growth.

10. Market Players • Rohm, BDS Electronics Inc, • Tzai Yuan Enterprise Co., • Yageo, Vishay, KOA Corporation, • China Zhenhua Group, • Viking Tech, International Manufacturing Services, • Sevenstar, • Samsung Electro-Mechanics, • AVX, • Murata Manufacturing Co., Bourns, • Panasonic, ASJ Holdings Limited, Ohmite, • TE Connectivity, TT Electronics, • And Others.

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