Technology & Telecommunications

According to a market report by Lucintel, the future of the global precision resistor market looks promising with opportunities in the test & measurement equipment, medical equipment, semiconductor, telecommunication, and industrial automation markets. The global precision resistor market is expected to reach an estimated $5.0 billion by 2028 with a CAGR of 5.2% from 2023 to 2028. The major drivers for this market are growing application of precision resistors in various end use industries, such as automotive, aerospace, and healthcare, increasing trend of miniaturization of electronic device and rising research and development activities for technological advancement of highly advanced precision resistors.



In this market, precision wire wound resistor, precision metal film resistor, and precision metal foil resistor are the different segments of precision resistor market by type. Lucintel forecast that precision metal film resistors will remain the largest segment over the forecast period due to its increasing application in the communication equipment, medical electronic equipment, and automotive electronic industries.



Within this market, semiconductors  will remain the highest growing segment due to increasing demand for electronic devices, rising penetration of cloud computing and internet of things (IoT), and growing adoption of technological advanced products like AI across the globe.



APAC will remain the fastest growing region over the forecast period due to increasing adoption of this resistor in the automotive as well as aerospace industries and presence of major consumer electronics manufacturers in the region.

TDK Corporation, Murata Manufacturing, YAGEO Group, Vishay Intertechnology, Samsung Electro-Mechanics, TE Connectivity, KYOCERA AVX Components, OMRON Precision, Panasonic, and Cyntec are the major suppliers in the global precision resistor market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global precision resistor market by type, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Precision Resistor Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global precision resistor market by type, application, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the global precision resistor market by type (precision wire wound resistors, precision metal film resistors, and precision metal foil resistors), application (test & measurement equipment, medical equipment, semiconductors, telecommunications, industrial automation, and others [automotive and others]), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?