General Purpose Thick Film Chip Resistors Market is segmented by End-User Industry (Automotive, Electrical & Electronics, Telecommunication, Others); by Resistor Type (Thick Film, Shunt); by Vehicle Type (ICE, Electric, Hybrid Vehicles); by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2023-2032

General Purpose Thick Film Chip Resistors Market Overview

Thick-film technology is a technology which is used for producing electronic modules, heating elements, and sensors among others. These general purpose thick film chip resistors have resistance values of up to 10TW (tera-ohm) and can operate under high voltage capability. Thick-film resistors are used for applications which may include monitoring equipment, precision controls and instrumentation among others. The general purpose thick film chip resistors market is expected to grow on account of growing investment in research and development by resistor manufacturers for improving the efficiency of thick film resistors. YAGEO Corporation, TE Connectivity, and KOA Speer Electronics INC. are some of the significant parties in the market for general purpose thick film chip resistors.

The global general purpose thick film chip resistors market was valued at USD 680.5 million in 2023. The market is expected to expand at a CAGR of 5.2% from 2023-2032, and is expected to cross value of USD 948.1 million by the end of 2032.

General Purpose Thick Film Chip Resistors Market Drivers

Some key drivers for the general purpose thick film chip resistors market are:

• Surge in R&D Investment: The manufacturers of resistors around the globe are increasingly raising their investments for the research and development of advanced thick film resistors for enhancing their efficiency.  Hence, it is a great opportunity for market expansion during the forecast period.
• Rapid Demand for Consumer Electronics: The demand for consumer electronics product is increasing at sky rocketed pace. As General Purpose Thick Film Chip Resistors are used widely in different consumer electronics products the demand for this chip resistors is projected to increase.
• Growing Demand for New Generation Vehicles: The demand for new generation vehicles, such as electric vehicles and hybrid vehicles are increasing worldwide. With the growing production of these vehicles, the demand for general purpose thick film chip resistors is also projected to increase.
• Increasing Focus of OEMs to Improve Product Efficiency: The OEMs of different products worldwide, backed by the increasing government regulations on safety standards of products, have raised the need to enhance product efficiency. This, as a result, is also poised to boost the demand for general purpose thick film chip resistors.

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General Purpose Thick Film Chip Resistors Market Challenges

Some challenges facing the general purpose thick film chip resistors market are:

• Manufacturing Challenges Associated with General Purpose Thick Film Chip Resistors: The manufacturing of these resistors present severe challenges to the manufacturers during its manufacturing process. This is therefore anticipated to hinder the market growth.
• Environmental Effects Associated with These Resistors: General purpose thick film chip resistors are known to be sensitive to the environment. This causes performance degradation of the resistors and gradually failure over time. Such a factor is also poised to limit the market growth.
• Disruption in Supply Chain in the Semiconductor Industry: Post the COVID-19 pandemic, the supply chain in the semiconductor industry has been disrupted enormously, throwing numerous challenges to the business organizations. This, as a result, may also lower the market growth in the coming years.

General Purpose Thick Film Chip Resistors Market Segmentation

Segmentation of general purpose thick film chip resistors market are:

• By End-User Industry
  • Automotive
  • Electrical & Electronics
  • Telecommunication
  • Others
• By Resistor Type
  • Thick Film
  • Shunt
• By Vehicle Type
  • ICE, Electric
  • Hybrid Vehicles
• By Region
  • North America (U.S., and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, Rest of Europe)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Middle East and Africa 

Timeline considered for all these studies will be:

2023 – Base Year

2023 – Estimated Year

2023-2032 – Forecast Period

General Purpose Thick Film Chip Resistors Market Regional Synopsis

The market for general purpose thick film chip resistors is projected to hold the largest share in the Asia Pacific region during the forecast period. One of the major factors predicted to drive the market growth in the region is the growing telecom, automotive, and consumer electronics industry. The region possesses a strong presence of these industries, as a result of which, the demand for these resistors is expected to be on the rise, contributing positively towards the market growth.

The North America general purpose thick film chip resistors market is anticipated to grow at a moderate pace during the forecast period, backed by the increasing tendency of the end-users to adopt advanced technologies. Moreover, rise in research and development for advanced chip resistors that have higher resistance values and can be used in several other complicated applications, backed by increasing miniaturization of electrical and electronic devices, is also projected to boost the market growth.

General Purpose Thick Film Chip Resistors Market Key Players

Some key players in the general purpose thick film chip resistors market are:

• YAGEO Corporation
• TE Connectivity
• KOA Speer Electronics INC.
• Panasonic Corporation
• Vishay Intertechnology, Inc.
• Rohm Semiconductor
• Viking Tech Corporation
• Murata Manufacturing Co. Ltd.
• TT Electronics Plc
• Bourns, Inc.