How large is the resistor market, and what is its growth trajectory?
The resistor market size has grown steadily in recent years. It will grow from $10.6 billion in 2024 to $11.03 billion in 2025 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to increased consumer electronics demand, emergence of IoT devices, enhanced energy efficiency, military and aerospace applications, increased interest in augmented reality (AR).
The resistor market size is expected to see steady growth in the next few years. It will grow to $12.82 billion in 2029 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to increasing use in automotive HUDs, advancements in flexible electronics, integration with edge computing, healthcare industry adoption, expanded applications in smart cities. Major trends in the forecast period include biodegradable transparent electronics, integration with AI and machine learning, augmented reality applications, integration with blockchain technology, focus on transparent batteries.
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Which industry factors have accelerated the resistor market’s expansion?
The increasing demand for wearable devices is expected to propel the growth of the resistor market going forward. Wearable devices refer to electronic devices that can be worn on the body as accessories that are equipped with various sensors and often connect to smartphones or other devices to provide information or perform functions. The resistors are used in wearable devices to provide essential components that enable precise control, miniaturization, and innovation in electronic devices. For instance, in November 2022, according to the National Library of Medicine, a US-based biomedical library, A total of 62.2% of participants reported using wearable devices to manage their health. Of these, 29.3% used them daily. Therefore, the increasing demand for wearable devices is driving the growth of the resistor market.
What are the primary segments of the resistor market?
The resistor market covered in this report is segmented –
1) By Type: Linear Resistors, Fixed Resistors
2) By Material: Thin Films, Thick Films
3) By Application: Automotive, Aerospace And Defense, Communications, Consumer Electronics And Computing, Other End-user Industries
Subsegments:
1) By Linear Resistors: Variable Resistors, Potentiometers
2) By Fixed Resistors: Carbon Composition Resistors, Metal Film Resistors, Wirewound Resistors, Thin Film Resistors, Thick Film Resistors
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Which firms are leading the resistor market?
Major companies operating in the resistor market report are Panasonic Corporation, Honeywell International Inc., Walsin Technology Corporation, TE Connectivity, Murata Manufacturing, OKAYA Electric Industries Co. Ltd., Samsung Electro-Mechanics, Rohm Co. Ltd., Yageo Corporation, Vishay Intertechnology, Bourns Inc., AVX Corporation, CTS Corporation, Ohmite Manufacturing Company, Viking Tech Corporation, Susumu Co. Ltd., Stackpole Electronics Inc., Cyntec Electronics, Caddock Electronics Inc., Cressall Resistors, Arcol, HVR Pentagon, KOA Corporation, Shenzhen Sunlord Electronics Co. Ltd.
Which market trends are set to define the future of the resistor market?
Major companies operating in the resistor market are focusing on developing innovative technology, such as thin-film resistors, to maintain high resistance stability. Thin-film technology is a modern engineering approach that involves the development of very thin layers of material, typically ranging from a nanometer to a few micrometers in thickness. For instance, in October 2022, Yageo Corporation, a China-based company, launched VT Series, an automotive-grade thin film chip resistor. This resistor is designed to meet the high stability and reliability requirements of automotive electronics, telecommunication, industrial or medical equipment, measuring equipment, and power systems. It offers features such as high working voltage, superior resistance against sulfur-containing environments, and compliance with AEC-Q200 standards. The VT Series includes resistors with high precision, stability, and a wide range of resistance values, making them suitable for various applications.
Which geographic trends are shaping the resistor market, and which region has the highest market share?
Asia-Pacific was the largest region in the resistor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the resistor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Resistor Market Report 2025 Offer?
The resistor market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A resistor is a passive electrical component that creates resistance in the flow of electric current. It is a fundamental component in electronic design and is widely used in countless electronic devices and systems. It is employed to control or restrict how much electrical current can pass across a circuit.
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