Thick Film Resistor Market worth $615 million by 2025

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MarketsandMarkets Presents

Thick Film Resistor Market worth 615 million by
2025
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The report "Thick Film Resistor Market by
Industry Resistor Type (Automotive, Electrical
Electronics Telecommunication), Resistor Type
(Thick Film Shunt), Vehicle Type (ICE, Electric
Hybrid Vehicles) and Region - Global Forecast
to 2025 The global 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. Factors such as increasing adoption of
advanced technologies in automotive industry,
increasing adoption of 4G/5G networks, and rising
demand for high-performance electronic and
electrical systems are expected to fuel the
demand for thick film power shunt resistors.
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and 47 Figures spread through 160 Pages and
in-depth TOC on "Thick Film Resistor Market
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Thick Film Resistor is estimated to hold the
largest share in the market, by resistor
type Thick film power resistor is estimated to
hold the largest market share in 2018. The
factors driving this market are the rising demand
for electronic circuits in passenger cars and
commercial vehicles, consumer electronics goods,
and telecommunications. Rising sales of electric
and hybrid vehicles due to government regulations
and incentives/tax exemptions have prompted OEMs
to install more electronic devices in vehicles.
Further, robust technological advancements have
increased the demand for consumer electronic
products such as smartphones, computers, laptops,
digital, tablets, and printers, and smart
televisions. Furthermore, increasing telecom
subscription base and increasing internet
services usage owing to reduced subscription cost
have driven the demand for telecom equipment
installed with thick film resistors. All these
factors are expected to strengthen the thick film
resistors market in the future.  Request Sample
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Electrical Electronics industry is estimated to
be the fastest growing segment in thick film
resistor market The electrical electronic
industry is expected to be the highest growing
market for thick film and shunt resistor during
the forecast period. These resistors are used in
consumer electronics, computer electronics and
peripherals, mobiles tablets, LED lighting,
energy meters, and back-up power devices among
others. As the demand for the consumer
electronics has increased, the demand for the
thick film power shunt resistor is growing
since electronic circuitry are fitted with these
types of resistors. Also, with rising industrial
automation and the growing demand for compact and
efficient electronic devices, the demand for
thick film and shunt resistors in the electrical
electronic industry would grow in coming
years. Some prominent 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). Speak
to Analyst _at_ https//www.marketsandmarkets.com/spe
aktoanalystNew.asp?id107448403
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