Global Precision Resistor Market Size Study & Forecast, by Type, By Application, and Regional Analysis, 2023-2030

Description

List of Tables

Global Precision Resistor Market is valued at approximately USD 4.40 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.7% over the forecast period 2023-2030. The precision resistor is an electronic component that has a very minor tolerance for fluctuation in resistance value. Precision resistors are commonly used in applications where accuracy is crucial, such as in medical equipment and scientific instruments. These resistors are usually made of wire-wound or film materials. Wire-wound resistors are typically made by winding a thin wire of a conductive material, such as copper or nickel, around a ceramic core. On the other hand, film resistors are made by depositing a thin film of a conductive material, such as metal or carbon, on a substrate. Precision resistors find applications in several fields, including telecommunications, electronics, and scientific research, and measurement & control systems. It is commonly used in precision signal conditioning circuits, instrumentation, feedback networks, voltage dividers, and calibration equipment. Increasing demand for high-precision electronics, along with the rise in demand for test and measurement equipment are a few factors that propel the expansion of the precision resistor market across the globe.

Moreover, the increasing demand for precision resistors in the automotive industry, coupled with the advancements in the telecommunication and networking sector is further fueling the market demand. In addition, the rising inclination towards cutting-edge technologies, along with the robust growth of automation and robotics are a few other factors acting as a catalyzing factor for market growth across the globe. The automation and robotics industry are growing rapidly across sectors, including manufacturing, healthcare, automotive, and logistics. Precision resistors are essential in many automations and robotics application, as it enable feedback control, accurate sensing, and signal conditioning for optimal performance. For instance, a record number of 517,385 new industrial robots were installed in industries worldwide in 2021, representing an increase of almost 31% from 2020, as per the new World Robotics report. With nearly 3.5 million units already operating worldwide, the number of robots in use has reached a new high. Similarly, the International Federation of Robotics organization stated that China has been the world's largest industrial robot market since 2013, accounting for nearly 52% of total installations in 2021. While, Japan, the U.S., the Republic of Korea, Germany, and China are the major markets for industrial robots in 2021, accounting for 78% of the global installation. Thus, these aforementioned factors are propelling the growth of the Precision Resistor Market during the estimated period. Moreover, the surge in adoption of Industry 4.0 and smart factory technologies, as well as the rising investments in research and development present various lucrative opportunities over the forecasting years. However, the intense competition from substitutes such as capacitors and inductors, along with the volatility of raw material prices are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Precision Resistor Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022, owing to the growing efforts towards technical advances, increased spending on research and development, and the presence of well-established market players in the region. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecasting years. Rising penetration of industry 4.0 and smart manufacturing technologies, coupled with growing demand for high-precision electronics are significantly propelling the market demand across the region.

Major market players included in this report are:

Panasonic Holdings Corporation (Japan)
Murata Manufacturing Co., Ltd. (Japan)
TDK Corporation (Italy)
Samsung Electro-Mechanics (Korea)
YAGEO Group. (Taiwan)
KYOCERA AVX Components Corporation (Japan)
Vishay Intertechnology, Inc. (U.S.)
TE Connectivity (Switzerland)
OMRON Corporation (Japan)
Vishay Precision Group, Inc. (U.S.)

Recent Developments in the Market:

In September 2021, TE Connectivity, a specialist in connectors and sensors, has acquired three businesses, including Toolbox Medical Innovations, Wi Inc., and microLIQUID, which were involved in manufacturing, usability testing, clinical research, and developing microfluidic cartridge and blister reagent packages. These acquisitions is expected to increase TE's potential to be a reliable partner to its clients through the inclusion of design and production solutions.
In October 2020, Vishay Intertechnology, Inc. announced that it company has acquired the entire global business and the majority of the assets of Applied Thin-Film Products, a privately held American manufacturer of build-to-print thin film substrates for microwave, fibre optics, and life sciences in order to boost its competitiveness.

Global Precision Resistor Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential 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:

Precision Wire Wound Resistors
Precision Metal Film Resistors
Precision Metal Foil Resistors

By Application:

Test & Measurement Equipment
Medical Equipment
Semiconductors
Telecommunications
Industrial Automation
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

Middle East & Africa

Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Precision Resistor Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Precision Resistor Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Precision Resistor Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Precision Resistor Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Precision Resistor Market Dynamics

3.1. Precision Resistor Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing demand for high-precision electronics
  - 3.1.1.2. Rising growth of automation and robotics
- 3.1.2. Market Challenges
  - 3.1.2.1. Intense competition from substitutes
  - 3.1.2.2. Volatility of raw material prices
- 3.1.3. Market Opportunities
  - 3.1.3.1. Surge in adoption of Industry 4.0 and smart factory technologies
  - 3.1.3.2. Rising investments in research and development

Chapter 4. Global Precision Resistor Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Precision Resistor Market, by Type

5.1. Market Snapshot
5.2. Global Precision Resistor Market by Type, Performance - Potential Analysis
5.3. Global Precision Resistor Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Precision Resistor Market, Sub Segment Analysis
- 5.4.1. Precision Wire Wound Resistors
- 5.4.2. Precision Metal Film Resistors
- 5.4.3. Precision Metal Foil Resistors

Chapter 6. Global Precision Resistor Market, by Application

6.1. Market Snapshot
6.2. Global Precision Resistor Market by Application, Performance - Potential Analysis
6.3. Global Precision Resistor Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Precision Resistor Market, Sub Segment Analysis
- 6.4.1. Test & Measurement Equipment
- 6.4.2. Medical Equipment
- 6.4.3. Semiconductors
- 6.4.4. Telecommunications
- 6.4.5. Industrial Automation
- 6.4.6. Others

Chapter 7. Global Precision Resistor Market, Regional Analysis

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Precision Resistor Market, Regional Market Snapshot
7.4. North America Precision Resistor Market
- 7.4.1. U.S. Precision Resistor Market
  - 7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Precision Resistor Market
7.5. Europe Precision Resistor Market Snapshot
- 7.5.1. U.K. Precision Resistor Market
- 7.5.2. Germany Precision Resistor Market
- 7.5.3. France Precision Resistor Market
- 7.5.4. Spain Precision Resistor Market
- 7.5.5. Italy Precision Resistor Market
- 7.5.6. Rest of Europe Precision Resistor Market
7.6. Asia-Pacific Precision Resistor Market Snapshot
- 7.6.1. China Precision Resistor Market
- 7.6.2. India Precision Resistor Market
- 7.6.3. Japan Precision Resistor Market
- 7.6.4. Australia Precision Resistor Market
- 7.6.5. South Korea Precision Resistor Market
- 7.6.6. Rest of Asia Pacific Precision Resistor Market
7.7. Latin America Precision Resistor Market Snapshot
- 7.7.1. Brazil Precision Resistor Market
- 7.7.2. Mexico Precision Resistor Market
7.8. Middle East & Africa Precision Resistor Market
- 7.8.1. Saudi Arabia Precision Resistor Market
- 7.8.2. South Africa Precision Resistor Market
- 7.8.3. Rest of Middle East & Africa Precision Resistor Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Panasonic Holdings Corporation (Japan)
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Recent Developments
- 8.3.2. Murata Manufacturing Co., Ltd. (Japan)
- 8.3.3. TDK Corporation (Italy)
- 8.3.4. Samsung Electro-Mechanics (Korea)
- 8.3.5. YAGEO Group. (Taiwan)
- 8.3.6. KYOCERA AVX Components Corporation (Japan)
- 8.3.7. Vishay Intertechnology, Inc. (U.S.)
- 8.3.8. TE Connectivity (Switzerland)
- 8.3.9. OMRON Corporation (Japan)
- 8.3.10. Vishay Precision Group, Inc. (U.S.)

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Precision Resistor Market, report scope
TABLE 2. Global Precision Resistor Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Precision Resistor Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Precision Resistor Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Precision Resistor Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Precision Resistor Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Precision Resistor Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Precision Resistor Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Precision Resistor Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Precision Resistor Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Precision Resistor Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Precision Resistor Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Precision Resistor Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Precision Resistor Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Precision Resistor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Precision Resistor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Precision Resistor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Precision Resistor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Precision Resistor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Precision Resistor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Precision Resistor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Precision Resistor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Precision Resistor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Precision Resistor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Precision Resistor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Precision Resistor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Precision Resistor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Precision Resistor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Precision Resistor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Precision Resistor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Precision Resistor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Precision Resistor Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Precision Resistor Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Precision Resistor Market
TABLE 70. List of primary sources, used in the study of global Precision Resistor Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Precision Resistor Market, research methodology
FIG 2. Global Precision Resistor Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Precision Resistor Market, key trends 2022
FIG 5. Global Precision Resistor Market, growth prospects 2023-2030
FIG 6. Global Precision Resistor Market, porters 5 force model
FIG 7. Global Precision Resistor Market, pest analysis
FIG 8. Global Precision Resistor Market, value chain analysis
FIG 9. Global Precision Resistor Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Precision Resistor Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Precision Resistor Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Precision Resistor Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Precision Resistor Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Precision Resistor Market, regional snapshot 2020 & 2030
FIG 15. North America Precision Resistor Market 2020 & 2030 (USD Billion)
FIG 16. Europe Precision Resistor Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Precision Resistor Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Precision Resistor Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Precision Resistor Market 2020 & 2030 (USD Billion)