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Global Thin Film Chip Resistor Market to reach USD 1013.20 million by the end of 2030

Global Thin Film Chip Resistor Market Size study & Forecast, by Type (Ultra Precision 0.05% Tolerance, 0.1% Tolerance, 1% Tolerance, Others), by Application (Instrumentation, Medical Instruments, Power Supply, Electric Power Equipment, Electronic Digital Products, Others), by End-User (Industrial Equipment, Consumer Electronics, Others) and Regional Analysis, 2023-2030

Product Code: EESC-79119843
Publish Date: 20-07-2023
Page: 200

Global Thin Film Chip Resistor Market is valued at approximately USD 665.23 million in 2022 and is anticipated to grow with a healthy growth rate of more than 5.4% over the forecast period 2023-2030. Metal or thin-film chip resistors are surface-mounted integrated circuit (IC) components that provide a known resistance to any electrical current passing through them. They are incredibly small surface-mounted electronic components that come in chip packages that are either rectangular or square. They are utilized to manage, protect, and control circuits. Thin film chip resistors are available with either fixed resistance values or variable chip resistance values that can be adjusted within a specific range.. Since there have been more concerns about energy use and pollution from non-electric vehicles, the popularity of electric vehicles has increased. This encourages the expansion of the local market.

Increased consumer electronics and automotive technology trends are to propel market expansion. According to United Nations Conference on Trade and Development (UNCTAD), the “Internet of Things” (IoT) offers a variety of services and applications, including home automation, intelligent transportation, smart electrical grids, and surveillance. By 2020, it is predicted tobe more than 20 billion connected IoT devices, up from 8.4 billion in 2017. Additionally, according to Statista, in 2023, the consumer electronics industry is expected to generate USD 1,028.00 billion in revenue. The market is anticipated to expand by 2.32% yearly (CAGR 2023-2028). The growth of new health technology that is known as mHealth, wearable and wireless devices for patient identification, ECG devices, and detection monitors that have thin film chip resistors in them for limiting current flow and maintaining frequency is one of the factors that drive the chip resistor market. The increased use of electronics in vehicles is driving the market for thin film chip resistors. However, Due to the lower costs for thin chip resistor goods, it is expected that the market’s growth may be constrained by poor profit margins. The present development of technologies that can be used as a low-cost substitute for the items is another problem that is limiting market expansion.

The key regions considered for the Global Thin Film Chip Resistor Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 because of accelerated technical progress in developing countries such as India, China, and Japan. Asia Pacific is expected to grow significantly during the forecast period, the need for smart electronic products and devices is driven by the rising urbanization in the developing nations of Asia-Pacific, which is increasing the market for thin-film chip resistors. The rising use of technology in electronic devices used in healthcare, digital manufacturing, and the military is the main driver fueling the expansion of the Asia-Pacific Thin Film Chip Resistor Market.

Major market player included in this report are:
Bourns Inc
Cal Chip Electronics Inc.
Hong Kong Resistors Manufactory
International Manufacturing Services Inc.
KOA Speer Electronics Inc.
Micro Ohm Corp.
Mini Systems Inc.
Ohmite Manufacturing Co.
Susumu Co., Ltd.
Viking Tech Corporation
Recent Developments in the Market:
Ø In March 2022, Vishay Intertechnology Inc. announced the expansion of its TNPV e3 line of Automotive Grade high voltage thin film flat chip resistors by introducing a smaller 0805 case size. The newly introduced Vishay Draloric TNPV0805 e3 resistor sets a new industry standard by combining high working voltages of up to 450 V with a precise tolerance of 0.1% and low temperature coefficient of resistance (TCR) down to 10 ppm/K, all in the compact 0805 case size.
Global Thin Film Chip 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, End Use, 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:
Ultra Precision 0.05% Tolerance
0.1% Tolerance
1% Tolerance
By Application:
Medical Instruments
Power Supply
Electric Power Equipment
Electronic Digital Products
By End Use:
Industrial Equipment
Consumer Electronics
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 Million)
1.2.1. Thin Film Chip Resistor Market, by Region, 2020-2030 (USD Million)
1.2.2. Thin Film Chip Resistor Market, by Type, 2020-2030 (USD Million)
1.2.3. Thin Film Chip Resistor Market, by Application, 2020-2030 (USD Million)
1.2.4. Thin Film Chip Resistor Market, by End Use, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Thin Film Chip 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 Thin Film Chip Resistor Market Dynamics
3.1. Thin Film Chip Resistor Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing environmental concerns Increasing demand for consumer electronics and automotive technology trends
3.1.2. Market Challenges Lower Cost of Thin Film Chip Resistor goods Availability of low priced substitutes
3.1.3. Market Opportunities Advancements in Health Technology Increased use of electronics in vehicles
Chapter 4. Global Thin Film Chip 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 Thin Film Chip Resistor Market, by Type
5.1. Market Snapshot
5.2. Global Thin Film Chip Resistor Market by Type, Performance – Potential Analysis
5.3. Global Thin Film Chip Resistor Market Estimates & Forecasts by Type 2020-2030 (USD Million)
5.4. Thin Film Chip Resistor Market, Sub Segment Analysis
5.4.1. Ultra Precision 0.05% Tolerance
5.4.2. 0.1% Tolerance
5.4.3. 1% Tolerance
5.4.4. Others
Chapter 6. Global Thin Film Chip Resistor Market, by Application
6.1. Market Snapshot
6.2. Global Thin Film Chip Resistor Market by Application, Performance – Potential Analysis
6.3. Global Thin Film Chip Resistor Market Estimates & Forecasts by Application 2020-2030 (USD Million)
6.4. Thin Film Chip Resistor Market, Sub Segment Analysis
6.4.1. Instrumentation
6.4.2. Medical Instruments
6.4.3. Power Supply
6.4.4. Electric Power Equipment
6.4.5. Electronic Digital Products
6.4.6. Others
Chapter 7. Global Thin Film Chip Resistor Market, by End Use
7.1. Market Snapshot
7.2. Global Thin Film Chip Resistor Market by End Use, Performance – Potential Analysis
7.3. Global Thin Film Chip Resistor Market Estimates & Forecasts by End Use 2020-2030 (USD Million)
7.4. Thin Film Chip Resistor Market, Sub Segment Analysis
7.4.1. Industrial Equipment
7.4.2. Consumer Electronics
7.4.3. Others
Chapter 8. Global Thin Film Chip Resistor Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Thin Film Chip Resistor Market, Regional Market Snapshot
8.4. North America Thin Film Chip Resistor Market
8.4.1. U.S. Thin Film Chip Resistor Market Type breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 End Use breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Thin Film Chip Resistor Market
8.5. Europe Thin Film Chip Resistor Market Snapshot
8.5.1. U.K. Thin Film Chip Resistor Market
8.5.2. Germany Thin Film Chip Resistor Market
8.5.3. France Thin Film Chip Resistor Market
8.5.4. Spain Thin Film Chip Resistor Market
8.5.5. Italy Thin Film Chip Resistor Market
8.5.6. Rest of Europe Thin Film Chip Resistor Market
8.6. Asia-Pacific Thin Film Chip Resistor Market Snapshot
8.6.1. China Thin Film Chip Resistor Market
8.6.2. India Thin Film Chip Resistor Market
8.6.3. Japan Thin Film Chip Resistor Market
8.6.4. Australia Thin Film Chip Resistor Market
8.6.5. South Korea Thin Film Chip Resistor Market
8.6.6. Rest of Asia Pacific Thin Film Chip Resistor Market
8.7. Latin America Thin Film Chip Resistor Market Snapshot
8.7.1. Brazil Thin Film Chip Resistor Market
8.7.2. Mexico Thin Film Chip Resistor Market
8.8. Middle East & Africa Thin Film Chip Resistor Market
8.8.1. Saudi Arabia Thin Film Chip Resistor Market
8.8.2. South Africa Thin Film Chip Resistor Market
8.8.3. Rest of Middle East & Africa Thin Film Chip Resistor Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Bourns Inc Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Cal Chip Electronics Inc.
9.3.3. Hong Kong Resistors Manufactory
9.3.4. International Manufacturing Services Inc.
9.3.5. KOA Speer Electronics Inc.
9.3.6. Micro Ohm Corp.
9.3.7. Mini Systems Inc.
9.3.8. Ohmite Manufacturing Co.
9.3.9. Susumu Co., Ltd.
9.3.10. Viking Tech Corporation
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. 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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