Market Trends of Thin Film Resistor Industry
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.
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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.
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