Thick Film Resistor Market worth $615 million by 2025
                     MarketsandMarkets 
Presents
Thick Film Resistor Market worth $615 million by 
2025
https://www.marketsandmarkets.com/Market-Reports/thick-film-resis
tor-market-107448403.html
 
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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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.
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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).
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8403
 
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