Thick Film Resistor market worth $615 million by 2025 according to forecasts

1. MarketsandMarkets Presents Thick Film Resistor Market worth $615 million by 2025 https://www.marketsandmarkets.com/Market-Reports/thick-film-resistor-market-107448403.html

2. The report "Thick Film Resistor Market by Industry & Resistor Type (Automotive, Electrical & Electronics & Telecommunication), Resistor Type (Thick Film & Shunt), Vehicle Type (ICE, Electric & Hybrid Vehicles) and Region - Global Forecast to 2025“ The global thick film resistor market is projected to grow at a CAGR of 5.06% during the forecast period, to reach a market size of USD 615 million by 2025 from USD 435 million in 2018. Factors such as increasing adoption of advanced technologies in automotive industry, increasing adoption of 4G/5G networks, and rising demand for high-performance electronic and electrical systems are expected to fuel the demand for thick film power & shunt resistors. Get the PDF Brochure For This Report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107448403 Browse 79 market data Tables and 47 Figures spread through 160 Pages and in-depth TOC on "Thick Film Resistor Market ” https://www.marketsandmarkets.com/Market-Reports/thick-film-resistor-market-107448403.html

3. Thick Film Resistor is estimated to hold the largest share in the market, by resistor type Thick film power resistor is estimated to hold the largest market share in 2018. The factors driving this market are the rising demand for electronic circuits in passenger cars and commercial vehicles, consumer electronics goods, and telecommunications. Rising sales of electric and hybrid vehicles due to government regulations and incentives/tax exemptions have prompted OEMs to install more electronic devices in vehicles. Further, robust technological advancements have increased the demand for consumer electronic products such as smartphones, computers, laptops, digital, tablets, and printers, and smart televisions. Furthermore, increasing telecom subscription base and increasing internet services usage owing to reduced subscription cost have driven the demand for telecom equipment installed with thick film resistors. All these factors are expected to strengthen the thick film resistors market in the future.  Request Sample of the report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=107448403

4. Electrical & Electronics industry is estimated to be the fastest growing segment in thick film resistor market The electrical & electronic industry is expected to be the highest growing market for thick film and shunt resistor during the forecast period. These resistors are used in consumer electronics, computer electronics and peripherals, mobiles & tablets, LED lighting, energy meters, and back-up power devices among others. As the demand for the consumer electronics has increased, the demand for the thick film power & shunt resistor is growing since electronic circuitry are fitted with these types of resistors. Also, with rising industrial automation and the growing demand for compact and efficient electronic devices, the demand for thick film and shunt resistors in the electrical & electronic industry would grow in coming years. Some prominent players in the thick film resistor market are Yageo (Taiwan), KOA Corporation (Japan), Panasonic (Japan), Vishay (US), ROHM Semiconductor (Japan), TE Connectivity (Switzerland), Bourns (US), Viking Tech Corporation (Taiwan), TT Electronics (UK). Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=107448403

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