Global Thin and Thick Film Resistors Market Size By Product(thin film resistors and thick film resistors), By Application(consumer electronics, telecommunications, automotive), By Geographic Scope And Forecast

Thin and Thick Film Resistors Market Size And Forecast

Thin and Thick Film Resistors Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e., 2024 to 2031.

The factors driving the global thin and thick film resistors market are the growing automotive industry, telecommunications products, and consumer electronics products such as smartphones. The Global Thin and Thick Film Resistors Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Thin and Thick Film Resistors Market Definition

A thick film resistor is a two-terminal electronic component used to resist or reduce the current flowing in an electronic circuit. These components provide different capabilities for resistance based on their shape, size, and types of components used in their production method. Thick film resistors and thin-film resistors are the most common two variants of resistors available in the market. The resistors are used for surface mount technology, custom thick-film hybrid networks, or low-temperature cofired ceramic in various sectors, focusing on smart city projects.Furthermore, the emerging 5G network has driven the demand for telecom equipment installed with thick film resistors. Thin-film resistors are a type of resistor that possess a thin resistive layer sat on top of a ceramic base. The principal difference between thick and thin-film resistors is the thickness of this resistive layer. When compared to thin-film resistors, thick film resistors can be up to 1000 times more viscous. While this is the main categorical difference, the vast differences in the thickness also cause thick and thin-film resistors to have different properties and fabrication methods. After manufacture, the resistance of both thin and thick film resistors is not highly accurate; they are usually trimmed to a precise value by abrasive or laser trimming. As a rule of thumb, thin-film resistors are generally more accurate, precise, and stable, enabling them to be used in higher precision technologies. However, this does make them more costly than their thick film counterparts.

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Global Thin and Thick Film Resistors Market Overview

A rise in investment in R&D to increase the efficiency of thick film resistors, an increase in the consumer electronics & automotive market, and growth in demand for electric & hybrid vehicles are expected to drive the development of the market. The thin-film market has grown since we last looked at the business unit separately from other networks. There has been considerable activity in thin-film nichrome chip resistor manufacturing, and the number of vendors has increased accordingly. The number of vendors in tantalum nitride thin-film resistors has remained essentially unchanged, but vendors of TaN type thin film resistors stay the market leaders. However, it is believed that a portfolio that includes TaN and Nichrome film resistors would be the complete technology offering in thin-film to date. The trend that continues to drive demand is the advanced process of miniaturization and the creation of volumetric efficiency without compromising the functionality of the end product. Regardless, the investment in worldwide pick-and-place equipment supporting so many different chip case sizes suggests that continued reliance on thick film chips is evident for the foreseeable future. Supply chain issues regarding pandemic idling and closures will temporarily disrupt the global component supply chains. However, thick film chip resistors are one area where the cost structure has demonstrated substantial volatility. This volatility will generate more interest in alternative technologies such as thin-film alternatives. Exposure to ruthenium is significant for the industry. Such wide variations in materials prices have adverse effects on contracts concerning both production costs and profitability. However, overall growth in volume and value is expected to be the norm for thick film chips to support new realities in its narrow supply chain.

However, a lack of profit due to a reduction in prices and the development of new technology that will replace the thick film resistor will hamper the market’s growth. Lack of profit margins due to the reduced prices for these products is expected to hinder the market’s growth. The development of technologies that are currently under development that can be used as a low-cost substitute for these products is another factor limiting the market growth.

Moreover, a rise in consumer spending, a surge in demand for advanced features in commercial vehicles, and a rise in adoption of the 4G and 5G network will act as an opportunity for market growth.

Global Thin and Thick Film Resistors MarketSegmentation Analysis

The Global Thin and Thick Film Resistors Market is segmented based on Product, Application, and Geography.

By Product

• Thin Film Resistors• Thick Film Resistors

Based on product, the global thin and thick film resistors market is bifurcated into thin film resistors and thick film resistors. Thick film resistor is expected to dominate the global thin and thick film resistors market. The factors spurring this market are the burgeoning consumer electronics goods, automotive industry, and telecommunications products. Further, strong technological advancements in electronic goods and the rising adoption of fast networks across the globe have also driven the demand for products with thick film resistors.

By Application

• Consumer Electronics• Telecommunications• Automotive• Others

Based on application, the global thin and thick film resistors market is bifurcated into consumer electronics, telecommunications, automotive, and others. The consumer electronic sub-segment is anticipated to experience accelerated growth during the forecast period. The demand for products such as smartphones, personal computers, notebooks, tablets, and storage devices has grown tremendously due to the increasing per capita income, urbanization, and standard of living.

By Geography

• North America• Europe• Asia Pacific• Rest of the world

Based on geography

the global thin and thick film resistors market is bifurcated into North America, Europe, Asia Pacific, and the Rest of the world. The Asia-Pacific region market is anticipated to lead the global thin and thick film resistors market during the estimated timeframe followed by Europe. This region’s market’s growth is mainly due to the increasing adoption of advanced electronic devices, growing advancements in electronic products, and the presence of many automotive manufacturers.

Key Players

The “Global Thin and Thick Film Resistors Market” study report will provide valuable insight emphasizing the global market. The major players in the market are Walsin Technology Corporation, Fenghua Advanced Technology, Samsung Electro-Mechanics, Panasonic, Uniroyal Electronics, Ever Ohms Technology, Cyntec, Viking Tech Corp, Bourns, and TE Connectivity.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the players mentioned above globally.

Report Scope

Global Thin and Thick Film Resistors MarketResearch Methodology

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

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