The global precision resistor market is projected to reach $5.0 billion by 2028, at a CAGR of 5.2% during 2023-2028. The growth of precision resistor market is driven by growing application of precision resistors in various end use industries, such as automotive, aerospace, and healthcare, increasing trend of miniaturization of electronic device and rising research and development activities for technological advancement of highly advanced precision resistors.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the precision resistor market by type
(precision wire wound resistors, precision metal film resistors, and precision
metal foil resistors), application (test & measurement equipment, medical
equipment, semiconductors, telecommunications, industrial automation, and others
[automotive and others]), and region (North America, Europe, Asia Pacific, and
the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the precision resistor market?
Q.4 What are some
changing demands of customers in the precision resistor market?
Q.5 What are the new
developments in the precision resistor market? Which companies are leading
these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this precision resistor area and how big
of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this precision resistor market?
Market Segmentation:
Based on type, the
precision resistor market is segmented into precision wire wound resistors,
precision metal film resistors, and precision metal foil resistors. The
precision metal film resistors segment accounted for the largest share of the
market in 2023 and is expected to register the highest CAGR during the forecast
period, due to its increasing application in the communication equipment,
medical electronic equipment, and automotive electronic industries.
APAC will remain the
fastest growing region over the forecast period due to increasing adoption of
this resistor in the automotive as well as aerospace industries and presence of
major consumer electronics manufacturers in the region.
Key Players in the
precision resistor market are TDK Corporation, Murata Manufacturing, YAGEO
Group, Vishay Intertechnology, Samsung Electro-Mechanics, TE Connectivity,
KYOCERA AVX Components, OMRON Precision, Panasonic, and Cyntec.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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