Thin Film Resistor Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.04 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Thin Film Resistor Market Analysis
The thin film resistor market was valued at USD 670.2 million during the current year and is anticipated to reach USD 914.7 million by the end of the forecast period, registering a CAGR of around 5.04% during the forecast period. In 2020, the COVID-19 pandemic shut down a lot of avenues of raw materials and bulk electronic components, leaving electronics manufacturers with half-finished products and idle capacity. Many members come from supply chains in Asia. As China was ground zero for COVID-19, the shortages started to affect manufacturers worldwide. Component shortages persisted in 2021 also, as many crucial raw materials were in low supply or completely unavailable. The year 2022 also shaped up to be another year indicating a significant impact of COVID-19.
- Thin film resistors are surface-mounted integrated circuit (IC) devices that deliver a known resistance to any electrical current flowing through them. They are obtainable in rectangular or square chip packages and are incredibly compact surface-mounted electronic components. They are utilized to operate, safeguard, and control circuits. Thin film resistors may have a set resistance value, variable, or adjustable chip resistance significance within a particular range.
- The growth of data center infrastructure is one of the critical factors driving the thin film resistors market growth. Many enterprises, such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform, are moving their data to the cloud with the benefit of cloud service providers. The rising adoption of digitalization has considerably increased the volume of data generated and processed by enterprises.
- Companies are adopting data centers and powerful networking technologies to access the data stored in data centers and the data obtained from connected devices. Hence, the growth of data center infrastructure is expected to drive the market's growth during the forecast period.
- Resistors are witnessing significant demand for applications in circuits where tight tolerance, low-temperature coefficient, and low noise properties are essential, like active filters or bridge circuits. For instance, in April 2021, Ashdown launched the AGM-5C Combo music magnifier series equipped with thin metal film resistors. The resistors help keep the secondary hiss levels down, while a PCB with short flying leads is connected to the front-panel controls.
- Further, during the second wave of the pandemic, Vishay Intertechnology, Inc. has introduced a new high-precision, thin-film wraparound chip resistor for industrial, military, and aerospace applications. In addition to offering the most comprehensive resistance value coverage on the market, the Vishay SfernicePEP provides higher power ratings in smaller case sizes than competing devices, which allows miniaturization and improves reliability by reducing the mechanical stress on solder joints.
Thin Film Resistor Market Trends
Consumer Electronics is Expected to Hold Significant Market Share
- Resistors are one of the most significantly used passive components in electronic circuits that resist the flow of sudden voltage spikes, which is enough to cause damage to electronic equipment almost instantly. Multiple thin film resistors found widespread application in consumer electronics such as computers, PCs, and notebooks.
- Surface mount thin film resistors are tiny and used significantly for printed circuit boards (PCBs) incorporated in smartphones and laptops, and most silicon-printed circuits use them for operations that ensure signals are always right.
- Further, in May 2021, Vishay Intertechnology released a new high-precision thin-film wrap-around chip resistor for consumer electronics applications. The Vishay Sfernice P2TC offers a tight TCR of ± 2 ppm/°C over broader resistance and temperature ranges and in more case sizes with higher power ratings than competing devices.
- During the pandemic, Ventec International Group launched a laminate option to its tec-speed 20.0 glass-reinforced hydrocarbon and ceramic laminate cladded with thin-film resistor material from Ticer. Ventec's tec-speed 20.0 material combines unrivaled high-frequency performance (Dk 3.00-3.48 / Df 0.0027-0.0037), superior loss characteristics, and the highest reliability, is now cladded with Ticer TCR NiCr thin-film resistor foil as a service option.
- Another trend is the usage of thin film resistors in smart home appliances or home appliances with advanced features, like data collection. The thin film resistor in smart sensors is also used for material identification in home appliances, like washing machines and induction cookers. These sensors are also deployed in several IoT and smart home devices. Therefore, the growth in the smart home market will directly impact the development of the thin film resistor market.
Asia Pacific is Expected to Hold Significant Market Share
- Due to immense competition among manufacturers, the companies are also working on minimizing the product footprint to make it more compact and idle for various use. For instance, Panasonic Corporation announced the mass production of Turquoise Stroke Mini Switches with built-in resistors, which are small waterproof switches with a wiring failure detection function that will improve the safety of automobiles.
- In China, the demand for passive electronic components like resistors is primarily driven by the growth in consumer electronics. In January 2021, China's Ministry of Industry and Information Technology released an action plan to develop the country's electronic components industry from 2021 to 2023.
- The action plan aims to achieve technological breakthroughs in areas, including circuits, connectors, sensors, and optical communication components, to enhance the position of Chinese companies in the industrial supply chain and ease supply reliance on high-end foreign products. This plan will unlock new opportunities for the industry players in the region.
- Further, the vendors are entering into a regional partnership strategy as part of their distribution strategy. In February 2021, Supreme Components International partnered with Susumu, one of the world's leading manufacturers of thin-film components, including resistors. SCI's diverse sales network across countries can help Susumu's technology reach manufacturers needing high-quality thin-film components, including resistors.
- Owing to this rift, many companies are shifting their manufacturing hubs from China. For instance, in June 2021, Samsung completed the construction of the display manufacturing unit that was shifted from China to Noida in Uttar Pradesh. This would further boost the demand for thin film resistors in the country and attract manufacturers under The made in India initiative.
Thin Film Resistor Industry Overview
The thin film resistor market is moderately fragmented and has several major players. The major players in the market are focusing on expanding their customer base across foreign countries. These companies leverage strategic collaborative initiatives to increase their market shares and profitability.
In October 2022, YAGEO Group, the global passive component provider, released an automotive grade thin film, high precision chip resistor - RP Series. With the features of moisture & sulfur resistance, high precision, and increased stability, the thin film resistor product offers case sizes from 0402 to 1206, a resistance range of 10 Ω-1.5M Ω, narrow tolerance of ±0.1%, ±0.25%, ±0.5%, ±1% and low TCR of ±25, ±50 ppm/°C, with a power rating of 1/16 W-1/4 W.
In September 2022, TT Electronics, a global provider of engineered technologies for performance-critical applications, announced its TFHP series thin film, high-power chip resistors. The TFHP product family combines high power and high precision in a single resistor, capitalizing on aluminum nitride (AIN) ceramic substrate with nearly six times the conductivity of alumina, the conventional substrate material for chip resistors.
Thin Film Resistor Market Leaders
Elektronische Bauelemente GmbH (EBG)
Ever Ohms Technology Co., Ltd.
Panasonic Corporation
Ralec Electronics Corporation
Rohm Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
Thin Film Resistor Market News
- October 2022: New Yorker Electronics released the new Vishay Dale PHPA series of thin film wraparound chip resistors. The new Vishay resistors incorporate the self-passivated tantalum nitride film to increase moisture resistance and improve the performance of ESD, voltage coefficient, and resistance stability. These features allow for high thermal stability within harsh or hazardous environmental conditions.
- May 2022: Farnell, an Avnet company and global distributor of electronic components, products, and solutions, announced it is now stocking the latest Panasonic thin film resistors, providing users with high-power operation in compact packages.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Assessment of Impact of COVID-19 on the Industry
4.5 Analysis of the Various Resistors by Tolerance (0.05%, 0.1%, 1%)
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rising Demand for High-Performance Electronic and Electrical Systems
5.1.2 Rising Demand for ADAS in Vehicles
5.1.3 Increasing Adoption of 5G Networks
5.2 Market Restraints
5.2.1 Rising Prices of Raw Materials
6. MARKET SEGMENTATION
6.1 End-User Industry
6.1.1 Industrial Equipment
6.1.2 Consumer Electronics
6.1.3 Automotive
6.1.4 Other End-User Industries
6.2 Geography
6.2.1 North America
6.2.2 Europe
6.2.3 Asia-Pacific
6.2.4 Latin America
6.2.5 Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Elektronische Bauelemente GmbH (EBG)
7.1.2 Ever Ohms Technology Co., Ltd.
7.1.3 Panasonic Corporation
7.1.4 Ralec Electronics Corporation
7.1.5 Rohm Co., Ltd.
7.1.6 Samsung Electro-Mechanics
7.1.7 Ta-I Technology Co., Ltd.
7.1.8 Tateyama Kagaku Industry Co., Ltd.
7.1.9 Uniohm Corporation
7.1.10 Walsin Technology Corporation
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OUTLOOK OF THE MARKET
Thin Film Resistor Industry Segmentation
The resistor which utilizes a thin film resistive layer is known as the thin-film resistor. This layer is placed on top of a ceramic base. Compared to the thick film resistor, the thickness of this resistor is very thin, about 0.1 microns. Generally, these resistors are stable, more accurate, and have a better temperature coefficient, so they are used in higher precision technologies.
The study includes inductors that are used in different end-user industries, including industrial equipment, consumer electronics, and automotive in various geographies. The competitive landscape takes into account multiple companies' market penetration, as well as their organic and inorganic growth strategies. The study also considers the market impact of the COVID-19 pandemic. For all of the above segments, market sizes and forecasts are provided in terms of value (USD million).
| End-User Industry | |
| Industrial Equipment | |
| Consumer Electronics | |
| Automotive | |
| Other End-User Industries |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Latin America | |
| Middle East and Africa |
Frequently Asked Questions
What is the current Thin Film Resistor Market size?
The Thin Film Resistor Market is projected to register a CAGR of 5.04% during the forecast period (2024-2029)
Who are the key players in Thin Film Resistor Market?
Elektronische Bauelemente GmbH (EBG), Ever Ohms Technology Co., Ltd., Panasonic Corporation, Ralec Electronics Corporation and Rohm Co., Ltd. are the major companies operating in the Thin Film Resistor Market.
Which is the fastest growing region in Thin Film Resistor Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Thin Film Resistor Market?
In 2024, the Asia Pacific accounts for the largest market share in Thin Film Resistor Market.
What years does this Thin Film Resistor Market cover?
The report covers the Thin Film Resistor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Thin Film Resistor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Thin Film Resistor Industry Report
Statistics for the 2024 Thin Film Resistor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Thin Film Resistor analysis includes a market forecast outlook to for 2024 to 2029) and historical overview. Get a sample of this industry analysis as a free report PDF download.
