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Global Precision Resistor Market to reach USD 6.85 billion by the end of 2030

Global Precision Resistor Market Size Study & Forecast, by Type (Precision Wire Wound Resistors, Precision Metal Film Resistors, Precision Metal Foil Resistors), By Application (Test & Measurement Equipment, Medical Equipment, Semiconductors, Telecommunications, Industrial Automation, Others), and Regional Analysis, 2023-2030

Product Code: EESC-60107007
Publish Date: 10-08-2023
Page: 200

Global Precision Resistor Market is valued at approximately USD 4.40 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.7% over the forecast period 2023-2030. The precision resistor is an electronic component that has a very minor tolerance for fluctuation in resistance value. Precision resistors are commonly used in applications where accuracy is crucial, such as in medical equipment and scientific instruments. These resistors are usually made of wire-wound or film materials. Wire-wound resistors are typically made by winding a thin wire of a conductive material, such as copper or nickel, around a ceramic core. On the other hand, film resistors are made by depositing a thin film of a conductive material, such as metal or carbon, on a substrate. Precision resistors find applications in several fields, including telecommunications, electronics, and scientific research, and measurement & control systems. It is commonly used in precision signal conditioning circuits, instrumentation, feedback networks, voltage dividers, and calibration equipment. Increasing demand for high-precision electronics, along with the rise in demand for test and measurement equipment are a few factors that propel the expansion of the precision resistor market across the globe.
Moreover, the increasing demand for precision resistors in the automotive industry, coupled with the advancements in the telecommunication and networking sector is further fueling the market demand. In addition, the rising inclination towards cutting-edge technologies, along with the robust growth of automation and robotics are a few other factors acting as a catalyzing factor for market growth across the globe. The automation and robotics industry are growing rapidly across sectors, including manufacturing, healthcare, automotive, and logistics. Precision resistors are essential in many automations and robotics application, as it enable feedback control, accurate sensing, and signal conditioning for optimal performance. For instance, a record number of 517,385 new industrial robots were installed in industries worldwide in 2021, representing an increase of almost 31% from 2020, as per the new World Robotics report. With nearly 3.5 million units already operating worldwide, the number of robots in use has reached a new high. Similarly, the International Federation of Robotics organization stated that China has been the world’s largest industrial robot market since 2013, accounting for nearly 52% of total installations in 2021. While, Japan, the U.S., the Republic of Korea, Germany, and China are the major markets for industrial robots in 2021, accounting for 78% of the global installation. Thus, these aforementioned factors are propelling the growth of the Precision Resistor Market during the estimated period. Moreover, the surge in adoption of Industry 4.0 and smart factory technologies, as well as the rising investments in research and development present various lucrative opportunities over the forecasting years. However, the intense competition from substitutes such as capacitors and inductors, along with the volatility of raw material prices are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Precision Resistor Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022, owing to the growing efforts towards technical advances, increased spending on research and development, and the presence of well-established market players in the region. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasting years. Rising penetration of industry 4.0 and smart manufacturing technologies, coupled with growing demand for high-precision electronics are significantly propelling the market demand across the region.

Major market players included in this report are:
Panasonic Holdings Corporation (Japan)
Murata Manufacturing Co., Ltd. (Japan)
TDK Corporation (Italy)
Samsung Electro-Mechanics (Korea)
YAGEO Group. (Taiwan)
KYOCERA AVX Components Corporation (Japan)
Vishay Intertechnology, Inc. (U.S.)
TE Connectivity (Switzerland)
OMRON Corporation (Japan)
Vishay Precision Group, Inc. (U.S.)

Recent Developments in the Market:
Ø In September 2021, TE Connectivity, a specialist in connectors and sensors, has acquired three businesses, including Toolbox Medical Innovations, Wi Inc., and microLIQUID, which were involved in manufacturing, usability testing, clinical research, and developing microfluidic cartridge and blister reagent packages. These acquisitions is expected to increase TE’s potential to be a reliable partner to its clients through the inclusion of design and production solutions.
Ø In October 2020, Vishay Intertechnology, Inc. announced that it company has acquired the entire global business and the majority of the assets of Applied Thin-Film Products, a privately held American manufacturer of build-to-print thin film substrates for microwave, fibre optics, and life sciences in order to boost its competitiveness.

Global Precision Resistor Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Precision Wire Wound Resistors
Precision Metal Film Resistors
Precision Metal Foil Resistors

By Application:
Test & Measurement Equipment
Medical Equipment
Industrial Automation

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Precision Resistor Market, by Region, 2020-2030 (USD Billion)
1.2.2. Precision Resistor Market, by Type, 2020-2030 (USD Billion)
1.2.3. Precision Resistor Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Precision Resistor Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Precision Resistor Market Dynamics
3.1. Precision Resistor Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing demand for high-precision electronics Rising growth of automation and robotics
3.1.2. Market Challenges Intense competition from substitutes Volatility of raw material prices
3.1.3. Market Opportunities Surge in adoption of Industry 4.0 and smart factory technologies Rising investments in research and development
Chapter 4. Global Precision Resistor Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Precision Resistor Market, by Type
5.1. Market Snapshot
5.2. Global Precision Resistor Market by Type, Performance – Potential Analysis
5.3. Global Precision Resistor Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Precision Resistor Market, Sub Segment Analysis
5.4.1. Precision Wire Wound Resistors
5.4.2. Precision Metal Film Resistors
5.4.3. Precision Metal Foil Resistors
Chapter 6. Global Precision Resistor Market, by Application
6.1. Market Snapshot
6.2. Global Precision Resistor Market by Application, Performance – Potential Analysis
6.3. Global Precision Resistor Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Precision Resistor Market, Sub Segment Analysis
6.4.1. Test & Measurement Equipment
6.4.2. Medical Equipment
6.4.3. Semiconductors
6.4.4. Telecommunications
6.4.5. Industrial Automation
6.4.6. Others
Chapter 7. Global Precision Resistor Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Precision Resistor Market, Regional Market Snapshot
7.4. North America Precision Resistor Market
7.4.1. U.S. Precision Resistor Market Type breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Precision Resistor Market
7.5. Europe Precision Resistor Market Snapshot
7.5.1. U.K. Precision Resistor Market
7.5.2. Germany Precision Resistor Market
7.5.3. France Precision Resistor Market
7.5.4. Spain Precision Resistor Market
7.5.5. Italy Precision Resistor Market
7.5.6. Rest of Europe Precision Resistor Market
7.6. Asia-Pacific Precision Resistor Market Snapshot
7.6.1. China Precision Resistor Market
7.6.2. India Precision Resistor Market
7.6.3. Japan Precision Resistor Market
7.6.4. Australia Precision Resistor Market
7.6.5. South Korea Precision Resistor Market
7.6.6. Rest of Asia Pacific Precision Resistor Market
7.7. Latin America Precision Resistor Market Snapshot
7.7.1. Brazil Precision Resistor Market
7.7.2. Mexico Precision Resistor Market
7.8. Middle East & Africa Precision Resistor Market
7.8.1. Saudi Arabia Precision Resistor Market
7.8.2. South Africa Precision Resistor Market
7.8.3. Rest of Middle East & Africa Precision Resistor Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Panasonic Holdings Corporation (Japan) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Murata Manufacturing Co., Ltd. (Japan)
8.3.3. TDK Corporation (Italy)
8.3.4. Samsung Electro-Mechanics (Korea)
8.3.5. YAGEO Group. (Taiwan)
8.3.6. KYOCERA AVX Components Corporation (Japan)
8.3.7. Vishay Intertechnology, Inc. (U.S.)
8.3.8. TE Connectivity (Switzerland)
8.3.9. OMRON Corporation (Japan)
8.3.10. Vishay Precision Group, Inc. (U.S.)
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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