The global chip resistor market size was US$ 1,060.3 million in 2021. The global chip resistor market size is forecast to reach US$ 1,665.4 million by 2030, growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2022 to 2030.

The chip resistor limits DC or AC current. They help manage the current flow in a device or system and lower the voltage or maintain a specific current level. They find use in a variety of applications, including consumer electronics, industrial automobiles, and others. Circuits can be protected, operated, or controlled with them. Chip resistors have the ability to improve and possibly replace existing technology solutions in company supply chains, as well as alter the workplace layout.

Factors Influencing Market Growth

Among the factors driving the global chip resistor market include increasing use in consumer electronic devices and growing digitalization for chip resistors.
Increased manufacturing costs associated with chip resistors may slow down the overall market growth.
Advances in technology in the healthcare industry and rising applications in the automotive & transportation sector are forecast to offer lucrative opportunities for the global chip resistor market during the forecast period.
Impact Analysis of COVID-19

The semiconductor industry faced a severe downfall during the COVID-19 pandemic in 2020. The global shortage of electronic chips is induced by lockdowns, transportation limitations, and other regulatory norms imposed as a result of the COVID-19 pandemic. Furthermore, a halt in the manufacture of certain autos, electronic devices, and other items has decreased the global market's growth spectrum. As a result, the COVID-19 epidemic slowed the growth of the global chip resistor industry.

Regional Insights

The Asia Pacific region is forecast to have lucrative growth in the market during the forecast period. As a result of the rising technological advancements in developing countries like India, China, and Japan. The growing urbanization in developing countries of the Asia Pacific region increases the demand for smart electronic devices and products, which fuels the chip resistors market growth in the region. The rising technology adoption of electronic devices used in healthcare, digital manufacturing, and defense is the primary factor driving the market growth in the region.

Leading Competitors

The leading prominent companies profiled in the global chip resistor market are:

ROHM Semiconductor
Bourns Inc.
TE Connectivity
Vishay Intertechnology Inc.
CTS Corporation
Panasonic Corporation
Samsung Electro-Mechanics
Yageo Corporation
AVX Corporation
SUSUMU Co. Ltd.
Other Prominent Players
Scope of the Report

The global chip resistor market segmentation focuses on Type, End-Use, and Region.

Segmentation based on Type

Thick Film
Thin Film
Others
Segmentation based on End-Use

Consumer Electronics
Industrial
Medical & Healthcare
Telecommunication
Aerospace & Defense
Others
Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America