Top Companies in Chip Resistor Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Chip Resistor Market is projected to reach a value of USD 2.0 Billion by 2028 at a CAGR of 5.70% over the forecast period.
The Global Chip Resistor Market is valued at USD 1.5 Billion in 2021 and is projected to reach a value of USD 2.0 Billion by 2028 at a CAGR of 5.70% over the forecast period. In addition, the use of new electrical and electronic products in daily life, such as smart TVs, high-end laptops, RGB lighting, automotive logging systems, and others, also contributes to the sector's demand.
The consumer electronics and automotive industries are projected to surge in trends and technology in the future, dominating the possession of the chip resistor market.
Throughout the analysis timeframe, it is anticipated that the market will grow faster due to the ongoing development of emerging technologies like 5G networks, IoT, and AI in products. The internet of things will significantly accelerate the continual growth of technology. Therefore, it will present excellent chances for component suppliers and manufacturers in the coming year. By 2025, there will be around 25.1 billion Internet of Things (IoT) devices worldwide, according to the Global System for Mobile Communications Association (GSMA). Over the forecast period, these advancements are likely to offer the chip resistor market good chances.
Some well-known businesses operating in the global chip resistor market include Bourns Inc. (US), TE Connectivity (Switzerland), Vishay Intertechnology Inc. (US), Koa Corporation (Japan), Tzai Yuan Enterprise Co. (Taiwan), International Manufacturing Services (US), Yageo Corporation (Taiwan), Rohm Semiconductor (Japan), AVX Corporation (US), Susumu Co. Ltd. (Japan), among others. To take the lead in the global sector, these firms primarily focus on creating new business strategies and tactics such as mergers and acquisitions, partnerships and collaborations, and product development.
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Let’s Look at the Top Companies That are Taking the Chip Resistor Market by Storm
- Bourns Inc. (US)
This Company sells electrical components. The company sells circuit protection, magnetic potentiometers, position sensors, lighting, connectors, encoders, magnetic resistors, switches, and automotive goods. Customers of Bourns are served worldwide.
- TE Connectivity (Switzerland)
TE Connectivity Limited offers wireless systems, network solutions, and designed electronic components. The business creates, produces, and sells products for clients in various sectors, including consumer electronics, aerospace and military, automobile, appliance, and automotive.
- Vishay Intertechnology Inc. (US)
This Company manufactures a wide range of discrete and passive electronic components, specializing in transistors, resistors, inductors, diodes, capacitors, and inductors. Products from the company are used in different devices, including computers, phones, televisions, cars, home appliances, satellites, and military and aerospace gear.
- Koa Corporation (Japan)
This Company produces a range of electronic resistors and electronic components. The company's products include thermistors, fuses, inductors, hybrid integrated circuits (IC), and magnetic discs.
- Yageo Corporation (Taiwan)
This Company produces resistors and related machinery. Additionally, the company manufactures chip resistors, high-power thin-film resistors, and thick-film resistors for use in downstream electronics products and precision electronics, aerospace, and automotive industries. Yageo also runs a consumer goods importing company through its subsidiaries.
- Rohm Semiconductor (Japan)
Rohm Semiconductor GmbH is a producer of electronic parts. Transistors, data converters, power equipment, and remote-control receivers are just a few of the things the company sells. Rohm Semiconductor serves global clients.
- AVX Corporation (US)
AVX Corporation produces and distributes a range of passive electronic components and associated goods. Ceramic and tantalum capacitors are the company's products used in many pieces of equipment to store, filter, and control electric energy. Original equipment manufacturers from a range of industries are among AVX's clients.
- Susumu Co. Ltd (Japan)
SUSUMU CO. LTD. manufactures and sells electronic components for several machines, including telecommunications gear, measurement tools, and personal computers.
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