The Thick Film Resistor Market is projected to grow at a CAGR 4.12% rate during the forecast period. The market is primarily driven by the increasing demand for high performance electrical and electronic products, increasing adoption of 4G networks, and advanced technologies in automotive industry.
Thick Film resistor is expected to be the largest market. The factors driving this market are the growing automotive industry, consumer electronics goods, and telecommunications products. Rising IC and electric & hybrid vehicles sales along with the government regulations to enhance fuel efficiency and safety standards have prompted the OEMs to install more electrical and electronic devices, which ultimately drives market in the automotive industry.
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Commercial vehicles are estimated to be the second fastest market for thick film and shunt resistors. Even though commercial vehicle has limited safety and luxury features as compared to passenger cars, regulatory authorities of different countries are making significant upgrades in regulatory norms for this vehicle segment.
Hybrid Electric Vehicles (HEV) is estimated to be the largest market. HEV has an internal combustion engine along with an electric propulsion system along with more installation of additional technologies such as regenerative braking, advanced motor assist, actuators, and automatic start/stop system.
Asia Oceania is expected to account for the largest market share during the forecast period. The growth is attributed to the presence of a large number of automotive and consumer electronics manufacturers in this region. Moreover, the upcoming smart cities projects in Asia Oceania countries, which are inclusive of commercial and residential projects that demand electrical products like switchgears, energy meters, smart meters, and industrial machinery, would drive the shunt resistor market in this region.
Key Market Players include 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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Points from Table of Contents:
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1.1.Rising Demand for High-Performance Electronic and Electrical Systems
3.1.2. Increasing Adoption of 4G/5G Networks
3.1.3.Increasing Demand for Premium and Luxury Vehicles
3.1.4.Increasing Adoption of Advanced Technologies in the Automotive Industry
3.2.1.Increasing Presence of Local Manufacturers
3.2.2.Falling Commodity Prices and Reduced Profit Margins
3.3.1.Increasing Sales of Electric Vehicles
4. Executive Summary
5. Thick Film Resistor Market, By End-Use Industry
5.2. Electrical & Electronics
6. Thick Film Resistor Market, By Type
6.1. Thick Film Power Resistor
6.2. Shunt Resistor
7. Thick Film Resistor Market for Electrical & Electronics Industry, By Type
7.1. Thick Film Resistor
7.2. Shunt Resistor
8. Thick Film Resistor Market for Telecommunication Industry, By Type
8.1. Thick Film Resistor
8.2. Shunt Resistor
9. Thick Film Resistor Market for Automotive Industry, By Type
9.1. Thick Film Resistor
9.2. Shunt Resistor
10. Thick Film Resistor Market for Automotive Industry, By Vehicle Type
10.1. Passenger Car
10.2. Commercial Vehicle
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