Global Chip resistors Market to reach USD XX billion by 2027
Global Chip resistors Market is valued approximately at USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2021-2027. Chip resistors are the ICs of compact size that are used to control the current in an electronic products and devices. Apart from that chip resistors can also be used to limit DC or AC current. The Chip resistors market is being driven by growing digitalization and increase in use of consumer electronic products and increasing electronics applications in automobiles. Moreover, the use in automotive & transport, consumer electronics, industrial, IT & telecommunication applications fuel the market globally. In addition, the increasing use of devices such as smart TVs, automotive logging devices, high end laptop RGB lights ignite the market for chip resistors. For instance, in 2021, Panasonic Corporation has developed a 0402 size, high precision thin film chip resistor, which has the most robust electro-static discharge protection in resistor field. However, volatile price of raw materials may impede market growth over the forecast period of 2021-2027.

The regional analysis of the Chip resistors Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific has emerged as a significant region across the world in terms of market share due to increasing consumer electronics industry and rapid pace of development of electric vehicles in the region. Whereas North America is also anticipated to exhibit the highest CAGR over the forecast period 2021-2027, due to increasing use of electronic in automobiles in the region.

Major market player included in this report are:
Susumu co Ltd
ROHM Semiconductor
Bourns Inc.
TE Connectivity
Vishay Intertechnology Inc.
CTS Corporation
Panasonic Corporation
Samsung Electro-Mechanics
Yageo Corporation
AVX Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Thick Film
Thin Film
Others
By End Use:
Automotive & Transportation
Consumer Electronics
Industrial
IT & Telecommunication
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Chip resistors (PSF) Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors