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Chip Resistor Market Trends 2023-2028 | Share, Global Report

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According to the latest report by IMARC Group, titled “Chip Resistor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global chip resistor market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market. 

The global chip resistor market size reached US$ 1,127 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,626 Million by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.

Chip resistors are integrated circuit (IC) devices used to regulate the electrical current flow in circuits. They are manufactured using metal films or oxides in small rectangular or square chip bundles covered with multiple thin protective coating layers. They are commonly used in electronics and automobiles to maintain the level of direct current (DC) and alternative current (AC). Since they offer excellent stability, temperature resistance, and heat dissipation properties, chip resistors find extensive applications across the telecom, consumer electronics, automobile, transportation, information technology (IT), and healthcare industries. 

Download a Free PDF Sample for more detailed market insights: https://www.imarcgroup.com/chip-resistor-market/requestsample

What are the key market trends of the global chip resistor market?

The global chip resistor market is primarily driven by the increasing use of electronics such as laptops, smartphones, automotive logging devices, smart TVs, and speakers. Moreover, there has been a surging adoption of chip resistors due to the emerging trend of electronics miniaturization and the rising demand for compact gadgets as they are smaller and more cost-efficient than traditional lead resistors. 

Additionally, several key players are investing heavily in research and development (R&D) activities to expand their product portfolio by launching innovative high-precision product variants. Besides this, the rising sales of luxury automobiles and hybrid electric vehicles (HEVs) have augmented the product demand for use in automotive components. 

Furthermore, the increasing initiatives toward smart city development is another major growth-inducing factor. Other factors, including the continuous improvements in IT, widespread adoption of 4G and 5G technology, and rapid digitization across various end use sectors, are also anticipated to catalyze the market growth.

 Global Chip Resistor Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Bourns Inc., International Manufacturing Services Inc, Koa Corporation, Panasonic Corporation, Rohm Semiconductor, Samsung Electro-Mechanics, Susumu International U.S.A., TE Connectivity, TT Electronics Plc, Viking Tech Corporation, Vishay Intertechnology Inc. and YAGEO Group. 

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: http://bit.ly/3HbH7DE

The report has segmented the market on the basis of region, type, technology and end use.

Breakup by Type:

• Pressure-Sensitive

• Thermosensitive

• Others

Breakup by Technology:

• Thick Chip Resistors

• Thin Chip Resistors

• Others

Breakup by End Use:

• Automotive and Transportation

• Consumer Electronics

• Industrial

• IT and Telecommunication

• Others

Breakup by Region:

• North America: (United States, Canada)

• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America: (Brazil, Mexico, Others)

• Middle East and Africa

If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

• Market Performance (2017-2022)

• Market Outlook (2023- 2028)

• Porter’s Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Other Report:

Hardware Wallet Market Share, Demand, Forecast to 2022-2027

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Services Private Limited.

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Sheridan, WY 82801 USA – Wyoming

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

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