Film Resistor Market Segmentation by Top Companies, Type, Product, and Region, 2023

The global film resistor market is set to grow at a higher CAGR during the forecast period. A film resistor consists of a metal film, metal oxide, and carbon film. These are made by placing pure metals such as nickel, oxide film, and tin-oxide with an insulating ceramic rod or a substrate. The resistive value of the resistor is then controlled by the rise in thickness of deposited film.

Commercially, metal film resistors and thick film resistors are widely used for industrial purpose. Film resistors have a good temperature stability, low noise and good voltage ratings. Film resistor market is driven by rise in investment by manufacturers for research and development to augment the efficiency of film resistors. Growth in consumer electronics and automotive market is expected to boost the market growth during the forecast period. Rise in use of computers, smartphones, digital media and IT hardware is supplementing the market growth.

Apart, use of film resistors in automotive & electronics industry are more likely to fuel revenue generation in the aftermarket sales. However rise in production costs coupled with stringent rules and regulations in various countries impedes the market growth in the near future. The market is segmented as metals comprising nickel-chromium, chrome-cobalt, tantalum-nitride, hafnium diboride and chrome-silicide.

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Geographically, market comprises North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are likely to grow at a significant CAGR during the forecast period due to rise in demand for consumer electronics. Growth of end-use application pertaining to heavy demand propels the market growth.

North America is at a dominant position on international level owing to active participation of manufacturers and consumers. In addition, merger & acquisition, collaboration and strategic agreements are likely to boost the market growth. European market is likely to follow the trend.

Middle East and African market are most likely to witness moderate CAGR during the forecast period owing to export of raw materials, availability of industrial support and a strong consumer base. The key players profiled in the film resistor market are Panasonic Industrial Devices & Solutions, ROHM Semiconductors, Yageo Corporation, TT Electronics, Ohmite, Johanson Dielectrics, KOA Speer Electronics, and Caddock.

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