Shifting inclination towards high performance and efficient electrical devices, growing demand for safety, comfort, and convenience features in IC and electric & hybrid vehicles, growing premium vehicle sales, and expanding telecommunication infrastucture are the key factors driving the demand for thick film resistors market. The thick film resistor market is projected to grow at a CAGR of 5.06% during the forecast period, to reach a market size of USD 615 million by 2025 from USD 435 million in 2018.
The Thick Film Resistor Market is dominated by a few global players and comprises several regional players. Some of the key players in the thick film resistor market are Yageo (Taiwan), KOA Corporation (Japan), Panasonic (Japan), Vishay (US), ROHM Semiconductor (Japan), TE Connectivity (Switzerland), Bourns (US), Viking Tech Corporation (Taiwan), TT Electronics (UK). The key strategy adopted by the leading players to gain traction in the market was new product development. For instance, in May 2018, KOA Corporation introduced a new 0.2 mΩ resistance value to its PSJ2 series of Power Shunt Current Sense Resistors. This resistor features a 12Watt power rating and is available in a 3920 package. These power shunt resistors offer ultra-low resistance suitable for large current sensing as well as a broad operating temperature range of -65°C to +175°C.
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Yageo (Taiwan) adopted a mix of new product development as well as acquisition strategies to sustain its position in the global market. In November 2018, Yageo launched a new high power anti-surge chip resistor, the SR high power series. This resistor offers a perfect solution for applications that need high surge and high-power components and finds application in telecommunications; charger; server; power supplies; car electronics; and industrial, computer, and home appliances. In February 2019, the company acquired Pulse Electronics, which makes electronic and wireless components such as resistors, capacitors, wireless components, and soft ferrite products for consumer, automotive, and industrial markets. Also, in September 2018, it completed the acquisition of Brightking Holdings Ltd. Brightking is a supplier of circuit protection components used in different applications including security, communications, automotive electronics, power supplies, and smart meters.
Key Questions addressed by the report
- Our study suggests that automotive is the largest end-user market for thick film and shunt resistors. What is the market size of the thick film and shunt resistor market across different regions in 2018? What would be the regional growth rate during the next seven years?
- The study indicates that the thick film resistor dominates the market at a global level. How do you see the existing and upcoming market trends in the next few years?
- How much is the global market for resistors in 2018? What will be the market share of thick film and shunt resistors in the overall resistors market?
- Which are the major applications of thick film and shunt resistors in automotive, electrical and electronics, and telecommunication industries?
- What is the average cost of thick film and shunt resistors? Does it vary to a large extent with respect to its different applications? What would be the pricing trend for the next seven years?
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