The Global Market for Electronic Resistors is Projected to Reach US$5.7 Billion by 2020

Rising Demand for Automotive Electronics Drives Growth in the Electronic Resistors Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Electronic Resistors. The global market for Electronic Resistors is projected to reach US$5.7 billion by 2020, driven by the indispensable use of resistors in consumer, automobile, computing, telecom and industrial electronics.

Electronic resistors, a type of passive electronic components that regulates or limits the transmission of current across an electrical circuit, have become indispensable in several electronic devices. Resistors are an integral part of electronic circuits and electrical networks, and are increasingly being used in integrated circuits to control or limit the current flow by dropping a voltage in the circuit. These passive components are widely used in consumer electronics, automobiles, computing, telecom and industrial electronics. The market is witnessing strong demand for advanced resistors for use in smart new-generation electronic products.

Growing automobile production coupled with the increase in electronic content per car will drive the use of electronic resistors in the automotive industry. Government regulations revolving around vehicle safety, fuel efficiency, and emissions will continue to benefit the market. The telecom industry also offers lucrative market opportunities for electronic resistors, especially in developing countries such as China, India, Taiwan and Korea. In the industrial sector, demand for electronic resistors is growing significantly in solar power, wind power and other renewable energy markets.

Growing adoption of PCs, ultrabooks, smartphones, and other consumer electronic devices is especially creating demand for electronic resistors. Demand is primarily driven by cheaper, smaller and high quality parts in a range of electronic devices. Resistor manufacturers are focusing on product portfolio expansion. Current sense resistors, power resistors, and pulse withstanding resistors are all forecast to witness healthy growth in the coming years. Demand for lighter and smaller current sense resistors is fuelled by higher functionality needs in portable computing devices.

As stated by the new market research report on Electronic Resistors, Asia-Pacific represents the largest and the fastest growing market worldwide with a projected CAGR of about 5.0% over the analysis period. China continues to be a leading producer and consumer of electronic resistors in Asia. Malaysia, Korea, Philippines and Thailand are also expected to gain from capacity migration from North America and Europe.

Major players in the market include ASJ Holdings Ltd., Bourns, Inc., KOA Speer Electronics, Ohmite Manufacturing Company, Queen Mao Electronic Co., Ltd., Rohm Company Limited, State of the Art, Inc., Stingray International Ltd., TE Connectivity Ltd., Tepro of Florida, Inc., Token Electronics Industry Co., Ltd., TT electronics plc, Vishay Intertechnology, Inc., and Yageo Corporation, among others.

The research report titled “Electronic Resistors: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of industry segments, trends, growth drivers, restraints, market share, size and demand projections and forecasts. Major geographic regions covered include the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, & Rest of Europe), Asia-Pacific (China, South Korea, Taiwan and Rest of Asia-Pacific), Latin America and Rest of World. The report also offers coverage on mergers & acquisitions, product launches and other strategic industry activities of major global and regional players. Product segments analyzed in the report include Semi-Fixed Variable, Carbon Variable, Other Variable, Carbon Film Fixed, Metal Film Fixed, Metal Oxide Film Fixed, Wire Wound Fixed, Network Resistors, Chip Resistors and Other Fixed.