Thick Film Resistor Market

Global Thick Film Resistor Market Size, Trends & Analysis - Forecasts to 2029 By Resistor Type (Thick Film Power Resistor, Thick Film Chip Resistor, Through Hole Type, and Shunt Resistor), By Vehicle Type (ICE Vehicles, Electric Vehicles, and Hybrid Vehicles), By Industry (Automotive, Electrical & Electronics, and Telecommunication), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

Category Electronics, Semiconductors and Information & Communication Technology
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This report was recently updated on May 19 2024 with the latest and most recent market numbers

Global Thick Film Resistor Market Size

The global thick film resistor market is estimated to exhibit a CAGR of 5.4% from 2024 to 2029.

The primary factors propelling the market growth are the increasing adoption of the Internet of Things (IoT) and wearable devices and the increasing demand for electronic devices. Compact components are commonly needed for IoT devices and wearables to fit into small form factors. Due to its compact size, high integration density, and compatibility with surface mount technology (SMT), thick film resistors are a good fit for these applications. The proliferation of wearables and IoT devices is driving demand for downsized electronics, which in turn is fuelling the need for compact, dependable, thick film resistors. For instance, the number of worldwide IoT connections increased by 18% in 2022 to reach 14.3 billion active IoT endpoints, according to the State of IoT Spring 2023 report.

The emerging adoption of the 5G network and the rising demand for electric & hybrid vehicles are expected to support the market growth. For 5G networks to handle faster data rates, reduced latency, and more network capacity, a substantial wireless infrastructure, including base stations, small cells, antennas, and RF (radio frequency) modules, is needed. The need for high-performance resistors in these applications is fueled by the necessity of thick film resistors in RF circuits, antenna-matching networks, and impedance-matching networks utilized in 5G infrastructure. For instance, according to the report by 5G Americas, the number of 5G connections reached 1.76 billion globally by the end of 2023, with a net gain of 700 million connections over the year.

The shift towards industry 4.0 and smart manufacturing, coupled with the rising demand for medical devices, propel market growth. Automation, robotics, and digital technologies are integrated as part of Industry 4.0 and smart manufacturing programs to optimize production processes, boost efficiency, and provide real-time monitoring and control. In automated manufacturing equipment and industrial machinery, thick film resistors are crucial for motor drives, sensors, actuators, electronic control systems, and communication interfaces. Moreover, industry 4.0 strongly emphasizes predictive maintenance and data-driven decision-making by integrating sensors, actuators, and measuring tools into production processes. In sensor interfaces, signal conditioning circuits, and feedback control loops, thick film resistors are frequently utilized for their accurate resistance values, reliable performance, and compatibility with various sensor technologies.

The shift towards sustainable projects and renewable energy sources worldwide offers opportunities for manufacturers of thick film resistors. Thick film resistors are utilized for power control, voltage regulation, and current sensing in renewable energy systems, including solar inverters, wind turbines, and energy storage systems. Additionally, electronic warfare (EW) systems, satellite communications, radar systems, and navigation equipment are among the many aerospace and defense applications that use thick film resistors. For aerospace and defense applications, there are opportunities to supply thick film resistors with strict performance requirements, such as high reliability, temperature range, and radiation endurance.

However, price volatility of raw materials and stringent regulatory compliance may hinder market growth over the forecast period.

global thick film resistor market

Global Thick Film Resistor Market: By Resistor Type

The thick film power resistor segment is expected to hold the largest share of the market over the forecast period. As thick film power resistors are made to withstand high power dissipation, they are a good fit for applications that need dependable performance even under high-load circumstances. Thick film power resistors are frequently used in the automotive, industrial automation, telecommunications, and renewable energy industries for applications including current sensing, voltage regulation, and power management.

The shunt resistor segment is expected to be the fastest-growing segment in the market from 2024 to 2029. Shunt resistors are typically employed in current sensing applications, which gauge the electrical current flowing through a circuit. Accurate and dependable current sensing solutions are becoming increasingly crucial as electronic equipment and systems are used in numerous sectors to control energy use, monitor power consumption, and guarantee safe operation.

Global Thick Film Resistor Market: By Vehicle Type

The hybrid vehicles segment is expected to hold the largest share of the market over the forecast period. Hybrid vehicles use sophisticated electronic systems to control how the internal combustion engine and electric propulsion system interact. These systems include motor drives, battery management systems, power inverters, and hybrid control units. To ensure the effective and dependable operation of the hybrid powertrain, thick film resistors are crucial parts of hybrid vehicle electronics used in current sensing, voltage regulation, and power management applications.

The electric vehicles segment is anticipated to be the fastest-growing segment in the market from 2024 to 2029. Thick film resistors are becoming more appropriate for electric vehicles due to ongoing technological improvements. These developments include enhancements to production techniques, materials, and performance traits like temperature stability, dependability, and power handling capacity. Thick film resistors can consequently satisfy the demanding specifications of electric vehicle applications, which promotes their increasing acceptance in this market.

Global Thick Film Resistor Market: By Industry

The electrical & electronics segment is expected to hold the largest share of the market over the forecast period. Many electronic products, such as smartphones, computers, televisions, home appliances, automobile electronics, industrial machinery, medical equipment, and more, depend on thin film resistors as essential parts. The need for thick film resistors is rising along with the demand for these electronic devices on a global scale.

The automotive segment is anticipated to be the fastest-growing segment in the market from 2024 to 2029. Electronic systems are used increasingly in modern vehicles for various purposes, including infotainment, safety features, networking, engine control, and driver assistance programs. Thick film resistors are a necessary component of automotive electronic circuits, and their demand is directly driven by the trend toward the electrification of vehicles and the integration of modern electronics.

asia pacific thick film resistor market

Global Thick Film Resistor Market: By Region

North America is expected to be the largest region in the global market. Thick film resistors, which are essential components of electronic circuits, are growing in demand in the region due to North America's popularity as a hub for technological innovation and the production of electronic devices.

Asia Pacific is anticipated to witness rapid growth during the forecast period. The growing demand for battery-electric vehicles is driving the market growth in the Asia Pacific region. For instance, the China Association of Automobile Manufacturers reports that China produced about 2.9 million battery-electric cars in 2021, a 166% increase from 2020.

Global Thick Film Resistor Market Share and Competitor Analysis

KOA Speer Electronics INC., YAGEO Corporation, Panasonic Corporation, Rohm Semiconductor, TE Connectivity, Bourns Inc., Vishay, TT Electronics, Viking Tech Corporation, and Murata Manufacturing Co. Ltd., among others, are some of the key players in the global thick film resistor market.

Please note: This is not an exhaustive list of companies profiled in the report.

Global Thick Film Resistor Market: Recent Developments

In March 2023, Vishay declared that it had raised the Vishay DraloricRCS0805 e3 anti-surge thick film resistor's power rating to 0.5 W in the 0805 case size. Due to its increased power rating, the RCS0805 e3 can replace one resistor in the 1210 case size, two comparable devices in the larger 1206 case size, or four ordinary parallel resistors in the 0805 case size.

In February 2023, four new AEC-Q200-compliant product series were added to the high-power thick film resistor lineup by electronic component manufacturer and supplier Bourns, Inc. It is stated that the new automotive-grade Model CRM-Q, CRS-Q, CMP-Q, and CHP-Q Series have high-rated power and excellent pulse load surge capability.

 

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

3          GLOBAL THICK FILM RESISTOR MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2           Adjacent Market Opportunities

3.1.3           Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1           Market Drivers: Impact Analysis

3.2.2           Market Restraints: Impact Analysis

3.2.3           Market Opportunities: Impact Analysis

3.2.4           Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1           Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2           SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL THICK FILM RESISTOR MARKET, BY RESISTOR TYPE

4.1   Introduction

4.2   Thick Film Resistor Market: Type Scope Key Takeaways

4.3   Revenue Growth Analysis, 2023 & 2029

4.4   Thick Film Power Resistor

4.4.1           Thick Film Power Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

4.5   Thick Film Chip Resistor

4.5.1           Thick Film Chip Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

4.6   Through Hole Type

4.6.1           Through Hole Type Market Estimates and Forecast, 2021-2029 (USD Million)

4.7   Shunt Resistor

4.7.1           Shunt Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

5          GLOBAL THICK FILM RESISTOR MARKET, BY VEHICLE TYPE

5.1   Introduction

5.2   Thick Film Resistor Market: Vehicle Type Scope Key Takeaways

5.3   Revenue Growth Analysis, 2023 & 2029

5.4   ICE Vehicles

5.4.1           ICE Vehicles Market Estimates and Forecast, 2021-2029 (USD Million)

5.5   Electric Vehicles

5.5.1           Electric Vehicles Market Estimates and Forecast, 2021-2029 (USD Million)

5.6   Hybrid Vehicles

5.6.1           Hybrid Vehicles Market Estimates and Forecast, 2021-2029 (USD Million)

6          GLOBAL THICK FILM RESISTOR MARKET, BY INDUSTRY

6.1   Introduction

6.2   Thick Film Resistor Market: Industry Scope Key Takeaways

6.3   Revenue Growth Analysis, 2023 & 2029

6.4   Automotive

6.4.1           Automotive Market Estimates and Forecast, 2021-2029 (USD Million)

6.5   Electrical & Electronics

6.5.1           Electrical & Electronics Market Estimates and Forecast, 2021-2029 (USD Million)

6.6   Telecommunication

6.6.1           TelecommunicationMarket Estimates and Forecast, 2021-2029 (USD Million)

7          GLOBAL THICK FILM RESISTOR MARKET, BY REGION

7.1   Introduction

7.2   North America Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.1        By Resistor Type

7.2.2        By Vehicle Type

7.2.3        By Industry

7.2.4        By Country

7.2.4.1     U.S. Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.4.1.1        By Resistor Type

7.2.4.1.2        By Vehicle Type

7.2.4.1.3        By Industry

7.2.4.2     Canada Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.4.2.1        By Resistor Type

7.2.4.2.2        By Vehicle Type

7.2.4.2.3        By Industry

7.2.4.3     Mexico Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.4.3.1        By Resistor Type

7.2.4.3.2        By Vehicle Type

7.2.4.3.3        By Industry

7.3   Europe Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.1        By Resistor Type

7.3.2        By Vehicle Type

7.3.3        By Industry

7.3.4        By Country

7.3.4.1     Germany Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.1.1        By Resistor Type

7.3.4.1.2        By Vehicle Type

7.3.4.1.3        By Industry

7.3.4.2     U.K. Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.2.1        By Resistor Type

7.3.4.2.2        By Vehicle Type

7.3.4.2.3        By Industry

7.3.4.3     France Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.3.1        By Resistor Type

7.3.4.3.2        By Vehicle Type

7.3.4.3.3        By Industry

7.3.4.4     Italy Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.4.1        By Resistor Type

7.3.4.4.2        By Vehicle Type

7.2.4.4.3        By Industry

7.3.4.5     Spain Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.5.1        By Resistor Type

7.3.4.5.2        By Vehicle Type

7.2.4.5.3        By Industry

7.3.4.6     Netherlands Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.6.1        By Resistor Type

7.3.4.6.2        By Vehicle Type

7.2.4.6.3        By Industry

7.3.4.7     Rest of Europe Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.7.1        By Resistor Type

7.3.4.7.2        By Vehicle Type

7.2.4.7.3        By Industry

7.4   Asia Pacific Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.1        By Resistor Type

7.4.2        By Vehicle Type

7.4.3        By Industry

7.4.4        By Country

7.4.4.1     China Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.1.1        By Resistor Type

7.4.4.1.2        By Vehicle Type

7.4.4.1.3        By Industry

7.4.4.2     Japan Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.2.1        By Resistor Type

7.4.4.2.2        By Vehicle Type

7.4.4.2.3        By Industry

7.4.4.3     India Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.3.1        By Resistor Type

7.4.4.3.2        By Vehicle Type

7.4.4.3.3        By Industry

7.4.4.4     South Korea Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.4.1        By Resistor Type

7.4.4.4.2        By Vehicle Type

7.4.4.4.3        By Industry

7.4.4.5     Singapore Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.5.1        By Resistor Type

7.4.4.5.2        By Vehicle Type

7.4.4.5.3        By Industry

7.4.4.6     Malaysia Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.6.1        By Resistor Type

7.4.4.6.2        By Vehicle Type

7.4.4.6.3        By Industry

7.4.4.7     Thailand Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.7.1        By Resistor Type

7.4.4.7.2        By Vehicle Type

7.4.4.7.3        By Industry

7.4.4.8     Indonesia Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.8.1        By Resistor Type

7.4.4.8.2        By Vehicle Type

7.4.4.8.3        By Industry

7.4.4.9     Vietnam Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.9.1        By Resistor Type

7.4.4.9.2        By Vehicle Type

7.4.4.9.3        By Industry

7.4.4.10  Taiwan Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.10.1 By Resistor Type

7.4.4.10.2 By Vehicle Type

7.4.4.10.3 By Industry

7.4.4.11  Rest of Asia Pacific Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.11.1 By Resistor Type

7.4.4.11.2 By Vehicle Type

7.4.4.11.3 By Industry

7.5   Middle East and Africa Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.1        By Resistor Type

7.5.2        By Vehicle Type

7.5.3        By Industry

7.5.4        By Country

7.5.4.1     Saudi Arabia Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.1.1        By Resistor Type

7.5.4.1.2        By Vehicle Type

7.5.4.1.3        By Industry

7.5.4.2     U.A.E. Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.2.1        By Resistor Type

7.5.4.2.2        By Vehicle Type

7.5.4.2.3        By Industry

7.5.4.3     Israel Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.3.1        By Resistor Type

7.5.4.3.2        By Vehicle Type

7.5.4.3.3        By Industry

7.5.4.4     South Africa Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.4.1        By Resistor Type

7.5.4.4.2        By Vehicle Type

7.5.4.4.3        By Industry

7.5.4.5     Rest of Middle East and Africa Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.5.1        By Resistor Type

7.5.4.5.2        By Vehicle Type

7.5.4.5.2        By Industry

7.6   Central and South America Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.1        By Resistor Type

7.6.2        By Vehicle Type

7.6.3        By Industry

7.6.4        By Country

7.6.4.1     Brazil Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.1.1        By Resistor Type

7.6.4.1.2        By Vehicle Type

7.6.4.1.3        By Industry

7.6.4.2     Argentina Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.2.1        By Resistor Type

7.6.4.2.2        By Vehicle Type

7.6.4.2.3        By Industry

7.6.4.3     Chile Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.3.1        By Resistor Type

7.6.4.3.2        By Vehicle Type

7.6.4.3.3        By Industry

7.6.4.4     Rest of Central and South America Thick Film Resistor Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.4.1        By Resistor Type

7.6.4.4.2        By Vehicle Type

7.6.4.4.3        By Industry

8          COMPETITIVE LANDCAPE

8.1   Company Market Share Analysis

8.2   Four Quadrant Positioning Matrix

8.2.1        Market Leaders

8.2.2        Market Visionaries

8.2.3        Market Challengers

8.2.4        Niche Market Players

8.3   Vendor Landscape

8.3.1        North America

8.3.2        Europe

8.3.3        Asia Pacific

8.3.4        Rest of the World

8.4   Company Profiles  

8.4.1        KOA Speer Electronics INC.

8.4.1.1 Business Description & Financial Analysis

8.4.1.2 SWOT Analysis

8.4.1.3 Products & Services Offered

8.4.1.4 Strategic Alliances between Business Partners

8.4.2        YAGEO Corporation

8.4.2.1 Business Description & Financial Analysis

8.4.2.2 SWOT Analysis

8.4.2.3 Products & Services Offered

8.4.2.4 Strategic Alliances between Business Partners

8.4.3        Panasonic Corporation

8.4.3.1 Business Description & Financial Analysis

8.4.3.2 SWOT Analysis

8.4.3.3 Products & Services Offered

8.4.3.4 Strategic Alliances between Business Partners

8.4.4        Rohm Semiconductor

8.4.4.1 Business Description & Financial Analysis

8.4.4.2 SWOT Analysis

8.4.4.3 Products & Services Offered

8.4.4.4 Strategic Alliances between Business Partners

8.4.5        TE Connectivity

8.4.5.1 Business Description & Financial Analysis

8.4.5.2 SWOT Analysis

8.4.5.3 Products & Services Offered

8.4.5.4 Strategic Alliances between Business Partners

8.4.6        BOURNS INC.

8.4.6.1 Business Description & Financial Analysis

8.4.6.2 SWOT Analysis

8.4.6.3 Products & Services Offered

8.4.6.4 Strategic Alliances between Business Partners

8.4.7        Vishay  

8.4.7.1 Business Description & Financial Analysis

8.4.7.2 SWOT Analysis

8.4.7.3 Products & Services Offered

8.4.8.4 Strategic Alliances between Business Partners

8.4.8        TT Electronics

8.4.8.1 Business Description & Financial Analysis

8.4.8.2 SWOT Analysis

8.4.8.3 Products & Services Offered

8.4.8.4 Strategic Alliances between Business Partners

8.4.9        Viking Tech Corporation

8.4.9.1 Business Description & Financial Analysis

8.4.9.2 SWOT Analysis

8.4.9.3 Products & Services Offered

8.4.9.4 Strategic Alliances between Business Partners

8.4.10       Murata Manufacturing Co. Ltd.

8.4.10.1 Business Description & Financial Analysis

8.4.10.2 SWOT Analysis

8.4.10.3 Products & Services Offered

8.4.10.4 Strategic Alliances between Business Partners

8.4.11      Other Companies

8.4.11.1 Business Description & Financial Analysis

8.4.11.2 SWOT Analysis

8.4.11.3 Products & Services Offered

8.4.11.4 Strategic Alliances between Business Partners

9          RESEARCH METHODOLOGY

9.1   Market Introduction

9.1.1        Market Definition

9.1.2           Market Scope & Segmentation

9.2   Information Procurement

9.2.1        Secondary Research

9.2.1.1 Purchased Databases

9.2.1.2 GMEs Internal Data Repository

9.2.1.3 Secondary Resources & Third Party Perspectives

9.2.1.4 Company Information Sources

9.2.2        Primary Research

9.2.2.1 Various Types of Respondents for Primary Interviews

9.2.2.2 Number of Interviews Conducted throughout the Research Process

9.2.2.3 Primary Stakeholders

9.2.2.4 Discussion Guide for Primary Participants

9.2.3        Expert Panels

9.2.3.1 Expert Panels Across 30+ Industry

9.2.4        Paid Local Experts

9.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

9.3   Market Estimation

9.3.1        Top-Down Approach

9.3.1.1 Macro-Economic Indicators Considered

9.3.1.2 Micro-Economic Indicators Considered

9.3.2        Bottom Up Approach

9.3.2.1 Company Share Analysis Approach

9.3.2.2 Estimation of Potential Type Sales

9.4   Data Triangulation

9.4.1        Data Collection

9.4.2           Time Series, Cross Sectional & Panel Data Analysis

9.4.3        Cluster Analysis

9.5   Analysis and Output

9.5.1           Inhouse AI Based Real Time Analytics Tool

9.5.2           Output From Desk & Primary Research

9.6   Research Assumptions & Limitations

9.7.1        Research Assumptions

9.7.2        Research Limitations

LIST OF TABLES

1 Global Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Mllion)

2 Thick Film Power Resistor Market, By Region, 2021-2029 (USD Mllion)    

3 Thick Film Chip Resistor Market, By Region, 2021-2029 (USD Mllion)         

4 Through Hole Type Market, By Region, 2021-2029 (USD Mllion)      

5 Shunt Resistor Market, By Region, 2021-2029 (USD Mllion)             

6 Global Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Mllion)        

7 ICE Vehicles Market, By Region, 2021-2029 (USD Mllion)

8 Electric Vehicles Market, By Region, 2021-2029 (USD Mllion)

9 Hybrid Vehicles Market, By Region, 2021-2029 (USD Mllion)            

10 Global Thick Film Resistor Market, By Industry, 2021-2029 (USD Mllion)

11 Automotive Market, By Region, 2021-2029 (USD Mllion)     

12 Electrical & Electronics Market, By Region, 2021-2029 (USD Mllion)      

13 TelecommunicationMarket, By Region, 2021-2029 (USD Mllion)    

14 Regional Analysis, 2021-2029 (USD Mllion)

15 North America Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

16 North America Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

17 North America Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

18 North America Thick Film Resistor Market, By Country, 2021-2029 (USD Million)

19 U.S Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

20 U.S Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

21 U.S Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

22 Canada Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

23 Canada Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

24 Canada Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

25 Mexico Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

26 Mexico Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

27 Mexico Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

28 Europe Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

29 Europe Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

30 Europe Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

31 Europe Thick Film Resistor Market, By Country 2021-2029 (USD Million)

32 Germany Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

33 Germany Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

34 Germany Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

35 U.K Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

36 U.K Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

37 U.K Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

38 France Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

39 France Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

40 France Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

41 Italy Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

42 Italy Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

43 Italy Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

44 Spain Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

45 Spain Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

46 Spain Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

47 Netherlands Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

48 Netherlands Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

49 Netherlands Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

50 Rest Of Europe Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

51 Rest Of Europe Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

52 Rest of Europe Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

53 Asia Pacific Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

54 Asia Pacific Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

55 Asia Pacific Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

56 Asia Pacific Thick Film Resistor Market, By Country, 2021-2029 (USD Million)

57 China Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

58 China Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

59 China Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

60 India Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

61 India Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

62 India Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

63 Japan Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

64 Japan Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

65 Japan Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

66 South Korea Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

67 South Korea Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

68 South Korea Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

69 malaysia Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

70 malaysia Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

71 malaysia Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

72 Thailand Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

73 Thailand Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

74 Thailand Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

75 Indonesia Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

76 Indonesia Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

77 Indonesia Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

78 Vietnam Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

79 Vietnam Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

80 Vietnam Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

81 Taiwan Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

82 Taiwan Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

83 Taiwan Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

84 Rest of Asia Pacific Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

85 Rest of Asia Pacific Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

86 Rest of Asia Pacific Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

87 Middle East and Africa Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

88 Middle East and Africa Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

89 Middle East and Africa Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

90 Middle East and Africa Thick Film Resistor Market, By Country, 2021-2029 (USD Million)

91 Saudi Arabia Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

92 Saudi Arabia Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

93 Saudi Arabia Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

94 UAE Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

95 UAE Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

96 UAE Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

97 Israel Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

98 Israel Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

99 Israel Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

100 South Africa Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

101 South Africa Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

102 South Africa Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

103 Rest of Middle East and Africa Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

104 Rest of Middle East and Africa Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

105 Rest of Middle East and Africa Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

106 Central and South America Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

107 Central and South America Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

108 Central and South America Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

109 Central and South America Thick Film Resistor Market, By Country, 2021-2029 (USD Million)

110 Brazil Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

111 Brazil Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

112 Brazil Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

113 Argentina Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

114 Argentina Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

115 Argentina Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

116 Chile Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

117 Chile Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

118 Chile Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

119 Rest of Central and South America Thick Film Resistor Market, By Resistor Type, 2021-2029 (USD Million)

120 Rest of Central and South America Thick Film Resistor Market, By Vehicle Type, 2021-2029 (USD Million)

121 Rest of Central and South America Thick Film Resistor Market, By Industry, 2021-2029 (USD Million)

122 KOA Speer Electronics INC.: Products & Services Offering

123 YAGEO Corporation: Products & Services Offering             

124 Panasonic Corporation: Products & Services Offering   

125 Rohm Semiconductor: Products & Services Offering        

126 TE Connectivity: Products & Services Offering       

127 BOURNS INC.: Products & Services Offering              

128 Vishay : Products & Services Offering          

129 TT Electronics: Products & Services Offering        

130 Viking Tech Corporation, Inc: Products & Services Offering        

131  Murata Manufacturing Co. Ltd.: Products & Services Offering 

132 Other Companies: Products & Services Offering  

LIST OF FIGURES

1 Global Thick Film Resistor Market Overview

2 Global Thick Film Resistor Market Value From 2021-2029 (USD Mllion)

3 Global Thick Film Resistor Market Share, By Resistor Type (2023)

4 Global Thick Film Resistor Market Share, By Vehicle Type (2023)

5 Global Thick Film Resistor Market Share, By Industry (2023)

6 Global Thick Film Resistor Market, By Region (Asia Pacific Market)

7 Technological Trends In Global Thick Film Resistor Market

8 Four Quadrant Competitor Positioning Matrix

9 Impact Of Macro & Micro Indicators On The Market

10 Impact Of Key Drivers On The Global Thick Film Resistor Market

11 Impact Of Challenges On The Global Thick Film Resistor Market

12 Porter’s Five Forces Analysis

13 Global Thick Film Resistor Market: By Resistor Type Scope Key Takeaways

14 Global Thick Film Resistor Market, By Resistor Type Segment: Revenue Growth Analysis

15 Thick Film Power Resistor Market, By Region, 2021-2029 (USD Mllion)

16 Thick Film Chip Resistor Market, By Region, 2021-2029 (USD Mllion)

17 Through Hole Type Market, By Region, 2021-2029 (USD Mllion)     

18 Shunt Resistor Market, By Region, 2021-2029 (USD Mllion) 

19 Global Thick Film Resistor Market: By Vehicle Type Scope Key Takeaways

20 Global Thick Film Resistor Market, By Vehicle Type Segment: Revenue Growth Analysis

21 ICE Vehicles Market, By Region, 2021-2029 (USD Mllion)     

22 Electric Vehicles Market, By Region, 2021-2029 (USD Mllion)          

23 Hybrid Vehicles Market, By Region, 2021-2029 (USD Mllion)

24 Global Thick Film Resistor Market: By Industry Scope Key Takeaways

25 Global Thick Film Resistor Market, By Industry Segment: Revenue Growth Analysis

26 Automotive Market, By Region, 2021-2029 (USD Mllion)        

27 Electrical & Electronics Market, By Region, 2021-2029 (USD Mllion)

28 TelecommunicationMarket, By Region, 2021-2029 (USD Mllion)      

29 Regional Segment: Revenue Growth Analysis

30 Global Thick Film Resistor Market: Regional Analysis

31 North America Thick Film Resistor Market Overview

32 North America Thick Film Resistor Market, By Resistor Type

33 North America Thick Film Resistor Market, By Vehicle Type

34 North America Thick Film Resistor Market, By Industry

35 North America Thick Film Resistor Market, By Country

36 U.S. Thick Film Resistor Market, By Resistor Type

37 U.S. Thick Film Resistor Market, By Vehicle Type

38 U.S. Thick Film Resistor Market, By Industry

39 Canada Thick Film Resistor Market, By Resistor Type

40 Canada Thick Film Resistor Market, By Vehicle Type

41 Canada Thick Film Resistor Market, By Industry

42 Mexico Thick Film Resistor Market, By Resistor Type

43 Mexico Thick Film Resistor Market, By Vehicle Type

44 Mexico Thick Film Resistor Market, By Industry

45 Four Quadrant Positioning Matrix

46 Company Market Share Analysis

47 KOA Speer Electronics INC.: Company Snapshot

48 KOA Speer Electronics INC.: SWOT Analysis

49 KOA Speer Electronics INC.: Geographic Presence

50 YAGEO Corporation: Company Snapshot

51 YAGEO Corporation: SWOT Analysis

52 YAGEO Corporation: Geographic Presence

53 Panasonic Corporation: Company Snapshot

54 Panasonic Corporation: SWOT Analysis

55 Panasonic Corporation: Geographic Presence

56 Rohm Semiconductor: Company Snapshot

57 Rohm Semiconductor: Swot Analysis

58 Rohm Semiconductor: Geographic Presence

59 TE Connectivity: Company Snapshot

60 TE Connectivity: SWOT Analysis

61 TE Connectivity: Geographic Presence

62 BOURNS INC.: Company Snapshot

63 BOURNS INC.: SWOT Analysis

64 BOURNS INC.: Geographic Presence

65 Vishay : Company Snapshot

66 Vishay : SWOT Analysis

67 Vishay : Geographic Presence

68 TT Electronics: Company Snapshot

69 TT Electronics: SWOT Analysis

70 TT Electronics: Geographic Presence

71 Viking Tech Corporation, Inc.: Company Snapshot

72 Viking Tech Corporation, Inc.: SWOT Analysis

73 Viking Tech Corporation, Inc.: Geographic Presence

74 Murata Manufacturing Co. Ltd.: Company Snapshot

75 Murata Manufacturing Co. Ltd.: SWOT Analysis

76 Murata Manufacturing Co. Ltd.: Geographic Presence

77 Other Companies: Company Snapshot

78 Other Companies: SWOT Analysis

79 Other Companies: Geographic Presence

The Global Thick Film Resistor Market has been studied from the year 2019 till 2029. However, the CAGR provided in the report is from the year 2024 to 2029. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Thick Film Resistor Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Thick Film Resistor Market.

Thick Film Resistor Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Thick Film Resistor Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Thick Film Resistor Market Share

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Frequently Asked Questions

The global thick film resistor market is estimated to exhibit a CAGR of 5.4% from 2024 to 2029.
KOA Speer Electronics INC., YAGEO Corporation, Panasonic Corporation, Rohm Semiconductor, TE Connectivity, Bourns Inc., Vishay, TT Electronics, Viking Tech Corporation, and Murata Manufacturing Co. Ltd. among others, are some of the key players in the global thick film resistor market.
The shift towards sustainable projects and renewable energy sources worldwide offers opportunities for manufacturers of thick film resistors. Thick film resistors are utilized for power control, voltage regulation, and current sensing in renewable energy systems, including solar inverters, wind turbines, and energy storage systems. Additionally, electronic warfare (EW) systems, satellite communications, radar systems, and navigation equipment are among the many of the aerospace and defense applications that use thick film resistors. For aerospace and defense applications, there are opportunities to supply thick film resistors with strict performance requirements, such as high reliability, temperature range, and radiation endurance.
The primary factors propelling the market growth are the increasing adoption of Internet of Thing (IoT) and wearable devices, and rising demand for electronic devices. Additionally, the emerging adoption 5G network, the shift towards industry 4.0 and smart manufacturing, along with the rising demand for electric & hybrid vehicles are expected to support the market growth.

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