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Chip Resistor Market Size To Grow At A CAGR Of 6.20% In The Forecast Period Of 2024-2032

Chip resistors, also known as surface mount resistors, are integral components in modern electronic devices. They are primarily used to regulate the flow of electric current in a circuit,

christopher by christopher
October 6, 2023
in Business
0
Chip Resistor Market

Chip Resistor Market Outlook

According to a new report by Expert Market Research titled, “Chip Resistor Market Growth, Share, Analysis, Report and Forecast 2024-2032″, the chip resistor market is projected to grow at a CAGR of 6.20% between 2024 and 2032. Aided by the rapid advancements in electronic device technologies and the increasing demand for compact, high-performance components, the market is expected to grow significantly by 2032.

Chip resistors, also known as surface mount resistors, are integral components in modern electronic devices. They are primarily used to regulate the flow of electric current in a circuit, providing reliable, precise control in a compact form factor. The miniaturisation trend in electronics, which necessitates components that offer high performance in small packages, has made chip resistors indispensable in numerous industries, including telecommunications, automotive, medical, and consumer electronics.

Get a Free Sample Report with Table of Contents@ https://www.expertmarketresearch.com/reports/chip-resistor-market/requestsample

The accelerating demand for sophisticated electronic devices is a primary driver propelling the global chip resistor market growth. As consumer electronics, such as smartphones, tablets, laptops, and wearables, continue to evolve, the need for chip resistors, which offer precise current control, durability, and energy efficiency, is on the rise. Moreover, the surge in the Internet of Things (IoT) and connected devices has further bolstered the market growth, as these technologies require compact, efficient components to function.

In the automotive industry, the shift towards electric and autonomous vehicles is significantly contributing to the chip resistor market expansion. Modern vehicles incorporate numerous electronic systems, such as advanced driver assistance systems (ADAS), infotainment systems, and electronic control units (ECUs), all of which require chip resistors. As the electrification trend in automotive continues, the demand for these components is expected to surge.

The chip resistor market is also finding growth avenues in the medical sector, where the demand for advanced medical equipment and devices is increasing. High-precision instruments such as MRI scanners, X-ray machines, and ultrasound devices incorporate chip resistors for effective and accurate operation.

Furthermore, the growing trend of Industry 4.0 and smart factories, which rely on automated and connected systems, is driving the adoption of chip resistors. The requirement for precise control over industrial processes and operations necessitates the use of reliable and efficient electronic components, thereby enhancing the chip resistor market demand.

Read Full Report with Table of Contents@  https://www.expertmarketresearch.com/reports/chip-resistor-market

Chip Resistor Market Segmentation

The market can be divided based on type, shape, application, and region.

Market Breakup by Type

  • Thick Chip Resistor
  • Thin Chip Resistor
  • General Purpose Chip Resistors
  • Current-Sensing Resistor
  • Others

Market Breakup by Shape

  • Square
  • Rectangular

Market Breakup by Application

  • Industrial
  • Consumer Electronics
  • Automotive and Transportation
  • Telecommunication
  • Aerospace and Defence
  • Medical
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global chip resistor companies. Some of the major key players explored in the report by Expert Market Research are as follows:

  • ROHM CO., LTD.
  • YAGEO Group
  • TE Connectivity Corporation
  • Bourns, Inc.
  • Panasonic Industry Co., Ltd. (Panasonic Corporation)
  • Others

Read More Reports

Potassium Dihydrogen Phosphate Market: https://www.expertmarketresearch.com/reports/potassium-dihydrogen-phosphate-market

Magnesium Silicate Market: https://www.expertmarketresearch.com/reports/magnesium-silicate-market

Mascarpone Cheese Market: https://www.expertmarketresearch.com/reports/mascarpone-cheese-market

Mono Diglycerides Market: https://www.expertmarketresearch.com/reports/mono-diglycerides-market

About Us

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.

Don’t miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.

Media Contact

Company Name: Claight Corporation
Contact Person: Christopher, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

Tags: Chip Resistor MarketChip Resistor Market Size
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