India Electronic Resistor market is expected to grow at a rate of steady CAGR for the forecast period, FY2023-FY2027. Electronic resistors limit the flow of current and are used in the manufacturing electronic devices as it has better noise control, sound resistance, and other properties than other electronic components. Based on the requirement, the electronic resistor can be found in varied configurations. The rise in the demand for small and compact electronic resistors due to the miniaturization of electronic devices is influencing the India electronic resistor market growth. The adoption of advanced technologies in the manufacturing process and the growing demand for automation in industries to reduce operational costs are fueling the India electronic resistor market growth. The rapid technological advancements and the expected roll-out of 5G technology and IoT is driving the demand for electronic products all over the region. Favorable government initiatives such as “Digital India” which emphasizes the areas namely Broadband Highways, Universal Access to Mobile Connectivity, Electronics Manufacturing, T for Jobs and Early Harvest Programmes, e-Kranti - Electronic Delivery of Services, Information for All, Public Internet Access Programme and e-Governance are expected to create lucrative opportunities for the electronic resistor market growth. The use of IoT technology in smart cities to establish a connection between the devices requires the use of an electronic resistor in the manufacturing process.
India Electronic Resistor market is segmented into type, end-user, product type, regional distribution, and company. Based on end-user, the market is divided into industrial, IT & telecommunications, automotive, consumer electronics, and others. The IT & telecommunications end-user industry is expected to account for major market share for the forecast period, FY2023-FY2027. Rise in the internet penetration in rural areas, and proliferation of smart device is driving the growth of the segment in the region. The government is encouraging foreign direct investment and promoting the telecom industry in the form of favorable policies.
The major players operating on the electronic resistor market are Panasonic India, Rohm Semiconductor India Pvt Ltd, Cyentec Co. Ltd., BSM Technology Solutions, Kiyosh Electronics, Reckon Electronics, Vishay Components India Private Limited, Thakor Electronics Limited, G.V. Electronics, Watts Electronics Pvt Ltd, Cermet Resistronics Pvt Ltd, Radius Industries, KWK Resistors, and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Years considered for this report
Historical YearsFY2017-FY2020
Base YearFY2021
Estimated YearFY2022
Forecast PeriodFY2023–FY2027
Objective of the Study
- To analyze and estimate the market size of India Electronic Resistor market from FY2017 to FY2020.
- To estimate and forecast the market size of India Electronic Resistor market from FY2021 to FY2027 and growth rate until FY2027.
- To classify and forecast India Electronic Resistor market based on type, end-user, product type, regional distribution, and company.
- To identify dominant region or segment in the India Electronic Resistor market.
- To identify drivers and challenges for India Electronic Resistor market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India Electronic Resistor market.
- To identify and analyze the profile of leading players operating in India Electronic Resistor market.
- To identify key sustainable strategies adopted by market players in India Electronic Resistor market.
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of manufacturers across the country. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the manufacturers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
Market Insights Research calculated the market size of
Key Target Audience
- Electronic resistor manufacturing companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances related to electronic resistor market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
