Thick Film Resistor Market

Thick Film Resistor Market Size, Share & Trends (2022 - 2027)

The global thick film resistor market is determined to grow up to $ 615 million by 2026, from $ 435 million in 2021, at an annual growth rate of 5.06% during the calculated period 2021 to 2026.

Thick-layer resistors are one of the most prolific parts used in electronic and electrical devices that are characterized by a ceramic-based resistive layer that is produced by baking a special paste on the substrate, which is a mixture of glass and metal oxide. Thick film resistors are often transformed into chip resistors of various sizes for surface mount technology (SMT), or as part of custom thick-film hybrid networks, or perhaps as part of a ceramic piece. low temperature triggered (LTCC). Due to the advancement of technologies in various market sectors and an increasing concentration on smart city projects, the global thick film resistor market is expected to grow at a tremendous rate. Thick film resistors are mainly used in electrical and electronic circuits and have a low cost compared to other types of resistors. The thick film resistance value ranges from 0.01 Ω to 50 G Ω (Gigaohm). These are widely used in almost all devices, along with the battery or AC connection.

The global market is primarily driven by the growing demand for high-performance electrical and electronic products, the increasing adoption of 4G networks, and advanced technologies in the automotive industry.

Recent Developments:

• RapiTrimTM systems allow manufacturing volumes and tests to be performed using flying probe technology to create hybrid circuits and integrated passive devices.
• Vishay Inter technology launches a new series of thick film chip resistors for automotive and industrial applications. Vishay Draloric RCA-HP e3 series offer additional sulfur resistance, along with exceptional performance and high power ratings in one device.

Drivers and Restraints of Thick Film Resistor Market:

Drivers:

The factors driving the global thick film resistor market are the growing demand for electronic circuits in passenger cars and commercial vehicles. Also, strong technological advances have increased the demand for high-performance electrical and electronic systems, which are expected to fuel market demand for thick film resistors. The emerging adoption of 4G/5G networks has spurred demand for telecommunication systems installed with thick film resistors, which should in turn be an untapped opportunity for the global thick film resistor market.

Restraints:

These resistors are manufactured in massive volumes, so a large sum of money is invested and any change in technology that can fully satisfy existing needs, offering additional functionality and at low cost, could replace an existing product. Because the new technology could still help reduce the final cost of the advanced product.

Thick Film Resistor Market Segmentation:

By End-use Industry

• Automotive,
• Electrical & Electronics
• Telecommunication

The electrical and electronics industry is expected to grow at the fastest rate and as a result, the Asia-Pacific region is likely to lead the market during the considered period. According to statistics from the German Association of Electrical and Electronic Manufacturers (ZVEI Die Elektronikindustrie), the electricity and electronics market for Asia, Europe and America amounted to almost $ 3 billion, $ 606.1 billion and $ 511.7 billion, respectively, in 2016. The increase in per capita income, urbanization, living standards, and the demand for products such as personal computers, smartphones, tablets, laptops, and storage devices have increased significantly, especially in countries of Asia. Thick film resistors in these products offer accuracy, efficiency, and satisfactory performance at affordable costs. In addition to the growing demand for electrical and electronic products, the thick film and shunt resistor market is also expected to expand in the coming years.

By Resistor Type 

• Thick film
• Shunt

By Vehicle Type

• Passenger Cars
• Commercial Vehicles

By Electric Vehicle Type

• BEV
• HEV
• PHEV

HEV is believed to handle thick film and shunt resistors due to its maximum application in the electric and hybrid vehicle segment. HEV has an internal combustion engine along with an electrical system, as well as the installation of additional technologies such as regenerative braking, advanced engine assistance, actuators, and the automatic start/stop system. These technologies require more sophisticated electrical and electronic circuits that are intended to provide additional auxiliary power. The installation of such technologies, including the growing demand for HEV, will stimulate the market for thick films resistors.

Thick Film Resistor Market Region-wise analysis:

Marked Segmentation based on the region:

1. North America
   1. U.S
   2. Canada
2. Europe
   1. Norway
   2. Germany
   3. Sweden
3. Asia Pacific
   1. China
   2. India
   3. Japan
4. Latin America
   1. Brazil
   2. Mexico
   3. Argentina
5. Middle East and Africa

a. Middle East

b. Africa

Europe should be the main market for thick films resistors due to its penchant for technological innovations, increased R&D investments by large companies, increased purchasing power, and strong demand for environmentally friendly products that are energy-efficient. Asia Pacific is expected to have the largest share in the thick film resistors market in the period of 2020-2025. This expansion is attributed to the presence of a disproportionate number of manufacturers of automobiles and consumer electronics in this region. However, upcoming smart city projects in Asian countries, which include economic and residential projects that require electrical products such as switches, energy meters, smart meters, and industrial machinery, which would spur market demand in this area.

IMPACT OF COVID-19 ON THICK FILM RESISTOR MARKET:

COVID-19 will affect all partners in the value chain who will encounter both short and medium-term sway. This could go from deficiency of crude material, moving of manufacture to different nations, liquidity smash to delays in the accessibility of models, conceded dispatches, and shrinkage in customer requests. Commercial vehicles are relied upon to give some versatility, even though this is dependent upon government proceeding to put resources into huge framework ventures and the liquidity accessible with the transportation area.

The supply chain is required to adjust rapidly as China is returning quicker than typical, anyway expanded supply chain perceivability at Tier 2/3 level is the greatest hazard alleviation factor that vehicle organization should chip away at.

Key Players of Market:

Some major 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) and others.