The Asia Pacific Thin Film Chip Resistor Market should witness market growth of 6.1% CAGR during the forecast period (2022-2028).
The industry is being driven by technological advancements like the deployment of robotics and human-machine interfaces. In addition, the demand for real-time connectivity is driving the growth of the cloud-based smart factory trend. As a result, the importance of this equipment in smart factories is growing, as is consumer interest in the products. Businesses are shifting towards quick, efficient manufacturing processes, which causes a rise in the adoption of better manufacturing practices.
This has increased the demand for precision machinery, which in turn, raise the demand for thin film resistors. Also, by utilizing cutting-edge smart technology, industry 4.0 is automating conventional industrial and manufacturing operations. Artificial intelligence (AI)is used in precision machine's production process coupled with sensors that communicate with one another via the Internet of Things. The majority of manufacturers are creating CNC-controlled machines that have a greater output than those that are operated manually. Also, these machines are efficient in terms of cost and labor.
Asia Pacific's economic situation has improved due to the region's rapid industrialization and urbanization. A quick change in theeconomies and overall GDP growth was seen in some of the region's developing nations, like South Korea and India. As a result, people are spending more money on luxury products and high-end technologies. The consumer electronics sectoris expanding mostly due to the widespread use of low-cost smartphone devices and the falling prices of service plans, particularly in Asia Pacific. Due to the introduction of digitalization and the region's improved economic conditions, demand for smart gadgets is increasing in several Asia Pacific countries. In addition, the availability of high-performance smart televisions from many smart TV manufacturersis accelerating their uptake in the region.
The China market dominated the Asia Pacific Thin Film Chip Resistor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $74.5 million by 2028. The Japan market is estimated to grow a CAGR of 5.4% during (2022-2028). Additionally, The India market would experience a CAGR of 6.8% during (2022-2028).
Based on End-user, the market is segmented into Industrial Equipment, Consumer Electronics, and Others. Based on Application, the market is segmented into Instrumentation, Electronic Digital Products, Electric Power Equipment, Medical Instruments, Power Supply, and Others. Based on Type, the market is segmented into Ultra Precision 0.05% Tolerance, 0.1% Tolerance, 1% Tolerance, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bourns, Inc., International Manufacturing Services, Inc., KOA Speer Electronics, Inc. (KOA Corporation), ASJ Pte Ltd. (ASJ Holdings Ltd.), Cal-Chip Electronics, Inc., Hong Kong Resistors Manufactory, Micro-Ohm Corporation, Mini-Systems, Inc., Ohmite Manufacturing Co. (Heico Companies LLC), and Susumu Co., Ltd.
The industry is being driven by technological advancements like the deployment of robotics and human-machine interfaces. In addition, the demand for real-time connectivity is driving the growth of the cloud-based smart factory trend. As a result, the importance of this equipment in smart factories is growing, as is consumer interest in the products. Businesses are shifting towards quick, efficient manufacturing processes, which causes a rise in the adoption of better manufacturing practices.
This has increased the demand for precision machinery, which in turn, raise the demand for thin film resistors. Also, by utilizing cutting-edge smart technology, industry 4.0 is automating conventional industrial and manufacturing operations. Artificial intelligence (AI)is used in precision machine's production process coupled with sensors that communicate with one another via the Internet of Things. The majority of manufacturers are creating CNC-controlled machines that have a greater output than those that are operated manually. Also, these machines are efficient in terms of cost and labor.
Asia Pacific's economic situation has improved due to the region's rapid industrialization and urbanization. A quick change in theeconomies and overall GDP growth was seen in some of the region's developing nations, like South Korea and India. As a result, people are spending more money on luxury products and high-end technologies. The consumer electronics sectoris expanding mostly due to the widespread use of low-cost smartphone devices and the falling prices of service plans, particularly in Asia Pacific. Due to the introduction of digitalization and the region's improved economic conditions, demand for smart gadgets is increasing in several Asia Pacific countries. In addition, the availability of high-performance smart televisions from many smart TV manufacturersis accelerating their uptake in the region.
The China market dominated the Asia Pacific Thin Film Chip Resistor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $74.5 million by 2028. The Japan market is estimated to grow a CAGR of 5.4% during (2022-2028). Additionally, The India market would experience a CAGR of 6.8% during (2022-2028).
Based on End-user, the market is segmented into Industrial Equipment, Consumer Electronics, and Others. Based on Application, the market is segmented into Instrumentation, Electronic Digital Products, Electric Power Equipment, Medical Instruments, Power Supply, and Others. Based on Type, the market is segmented into Ultra Precision 0.05% Tolerance, 0.1% Tolerance, 1% Tolerance, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bourns, Inc., International Manufacturing Services, Inc., KOA Speer Electronics, Inc. (KOA Corporation), ASJ Pte Ltd. (ASJ Holdings Ltd.), Cal-Chip Electronics, Inc., Hong Kong Resistors Manufactory, Micro-Ohm Corporation, Mini-Systems, Inc., Ohmite Manufacturing Co. (Heico Companies LLC), and Susumu Co., Ltd.
Scope of the Study
By End-user
- Industrial Equipment
- Consumer Electronics
- Others
By Application
- Instrumentation
- Electronic Digital Products
- Electric Power Equipment
- Medical Instruments
- Power Supply
- Others
By Type
- Ultra-Precision 0.05% Tolerance
- 1% Tolerance
- 1% Tolerance
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Bourns, Inc.
- International Manufacturing Services, Inc.
- KOA Speer Electronics, Inc. (KOA Corporation)
- ASJ Pte Ltd. (ASJ Holdings Ltd.)
- Cal-Chip Electronics, Inc.
- Hong Kong Resistors Manufactory
- Micro-Ohm Corporation
- Mini-Systems, Inc.
- Ohmite Manufacturing Co. (Heico Companies LLC)
- Susumu Co., Ltd.
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Thin Film Chip Resistor Market, by End User
1.4.2 Asia Pacific Thin Film Chip Resistor Market, by Application
1.4.3 Asia Pacific Thin Film Chip Resistor Market, by Type
1.4.4 Asia Pacific Thin Film Chip Resistor Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Thin Film Chip Resistor Market by End User
3.1 Asia Pacific Industrial Equipment Market by Country
3.2 Asia Pacific Consumer Electronics Market by Country
3.3 Asia Pacific Others Market by Country
Chapter 4. Asia Pacific Thin Film Chip Resistor Market by Application
4.1 Asia Pacific Instrumentation Market by Country
4.2 Asia Pacific Electronic Digital Products Market by Country
4.3 Asia Pacific Electric Power Equipment Market by Country
4.4 Asia Pacific Medical Instruments Market by Country
4.5 Asia Pacific Power Supply Market by Country
4.6 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Thin Film Chip Resistor Market by Type
5.1 Asia Pacific Ultra Precision 0.05% Tolerance Market by Country
5.2 Asia Pacific 0.1% Tolerance Market by Country
5.3 Asia Pacific 1% Tolerance Market by Country
5.4 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Thin Film Chip Resistor Market by Country
6.1 China Thin Film Chip Resistor Market
6.1.1 China Thin Film Chip Resistor Market by End User
6.1.2 China Thin Film Chip Resistor Market by Application
6.1.3 China Thin Film Chip Resistor Market by Type
6.2 Japan Thin Film Chip Resistor Market
6.2.1 Japan Thin Film Chip Resistor Market by End User
6.2.2 Japan Thin Film Chip Resistor Market by Application
6.2.3 Japan Thin Film Chip Resistor Market by Type
6.3 India Thin Film Chip Resistor Market
6.3.1 India Thin Film Chip Resistor Market by End User
6.3.2 India Thin Film Chip Resistor Market by Application
6.3.3 India Thin Film Chip Resistor Market by Type
6.4 South Korea Thin Film Chip Resistor Market
6.4.1 South Korea Thin Film Chip Resistor Market by End User
6.4.2 South Korea Thin Film Chip Resistor Market by Application
6.4.3 South Korea Thin Film Chip Resistor Market by Type
6.5 Singapore Thin Film Chip Resistor Market
6.5.1 Singapore Thin Film Chip Resistor Market by End User
6.5.2 Singapore Thin Film Chip Resistor Market by Application
6.5.3 Singapore Thin Film Chip Resistor Market by Type
6.6 Malaysia Thin Film Chip Resistor Market
6.6.1 Malaysia Thin Film Chip Resistor Market by End User
6.6.2 Malaysia Thin Film Chip Resistor Market by Application
6.6.3 Malaysia Thin Film Chip Resistor Market by Type
6.7 Rest of Asia Pacific Thin Film Chip Resistor Market
6.7.1 Rest of Asia Pacific Thin Film Chip Resistor Market by End User
6.7.2 Rest of Asia Pacific Thin Film Chip Resistor Market by Application
6.7.3 Rest of Asia Pacific Thin Film Chip Resistor Market by Type
Chapter 7. Company Profiles
7.1 Bourns, Inc.
7.1.1 Company Overview
7.1.2 Recent strategies and developments:
7.1.2.1 Product Launches and Product Expansions:
7.2 International Manufacturing Services, Inc.
7.2.1 Company Overview
7.2.2 Recent strategies and developments:
7.2.2.1 Partnerships, Collaborations, and Agreements:
7.3 KOA Speer Electronics, Inc. (KOA Corporation)
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Partnerships, Collaborations, and Agreements:
7.4 ASJ Pte Ltd. (ASJ Holdings Ltd.)
7.4.1 Company Overview
7.5 Cal-Chip Electronics, Inc.
7.5.1 Company Overview
7.6 Hong Kong Resistors Manufactory
7.6.1 Company Overview
7.7 Micro-Ohm Corporation
7.7.1 Company Overview
7.8 Mini-Systems, Inc.
7.8.1 Company Overview
7.9 Ohmite Manufacturing Co. (Heico Companies LLC)
7.9.1 Company Overview
7.10. Susumu Co., Ltd.
7.10.1 Company Overview
Companies Mentioned
- Bourns, Inc.
- International Manufacturing Services, Inc.
- KOA Speer Electronics, Inc. (KOA Corporation)
- ASJ Pte Ltd. (ASJ Holdings Ltd.)
- Cal-Chip Electronics, Inc.
- Hong Kong Resistors Manufactory
- Micro-Ohm Corporation
- Mini-Systems, Inc.
- Ohmite Manufacturing Co. (Heico Companies LLC)
- Susumu Co., Ltd.
Methodology
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