The thick film resistor market is projected to grow at a CAGR 4.87% 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.

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).

Key Questions addressed by the report

 

• Our study suggests that automotive is the largest end-user market for thick film and shunt resistors. What is the market size of the thick film and shunt resistor market across different regions in 2018? What would be the regional growth rate during the next seven years?

 

• The study indicates that thick film resistor dominates the market at a global level. How do you see the existing and upcoming market trends in the next few years?

 

• How much is the global market for resistors in 2018? What will be the market share of thick film and shunt resistors in the overall resistors market?

 

• Which are the major applications of thick film and shunt resistors in automotive, electrical and electronics, and telecommunication industries?

 

• What is the average cost of thick film and shunt resistors? Does it vary to a large extent with respect to its different applications? What would be the pricing trend for the next seven years?

Segmentation