Resistor Market Report 2025

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The resistor market size has grown steadily in recent years. It will grow from $10.6 billion in 2024 to $11.03 billion in 2025 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to increased consumer electronics demand, emergence of IoT devices, enhanced energy efficiency, military and aerospace applications, increased interest in augmented reality (AR).

The resistor market size is expected to see steady growth in the next few years. It will grow to $12.82 billion in 2029 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to increasing use in automotive HUDs, advancements in flexible electronics, integration with edge computing, healthcare industry adoption, expanded applications in smart cities. Major trends in the forecast period include biodegradable transparent electronics, integration with AI and machine learning, augmented reality applications, integration with blockchain technology, focus on transparent batteries.

The rising demand for wearable devices is anticipated to drive growth in the resistor market. Wearable devices are electronic gadgets that can be worn as accessories and are equipped with various sensors, often connecting to smartphones or other devices to provide information or perform functions. Resistors play a crucial role in wearable devices by enabling essential components that allow for precise control, miniaturization, and innovation within these electronic devices. For instance, in November 2022, the National Library of Medicine, a US-based biomedical library, reported that 62.2% of participants used wearable devices to manage their health, with 29.3% using them daily. Consequently, the increasing demand for wearable devices is fueling the expansion of the resistor market.

Major companies in the resistor market are focusing on developing innovative technologies, such as thin-film resistors, to maintain high resistance stability. Thin-film technology involves the development of very thin layers of material, typically ranging from a nanometer to a few micrometers in thickness. For example, in October 2022, Yageo Corporation launched the VT Series, an automotive-grade thin film chip resistor. This resistor is designed to meet the high stability and reliability requirements of automotive electronics, telecommunications, industrial or medical equipment, measuring equipment, and power systems. It features high working voltage, superior resistance against sulfur-containing environments, and compliance with AEC-Q200 standards. The VT Series includes resistors with high precision, stability, and a wide range of resistance values, making them suitable for various applications.

In April 2023, Bourns Inc., a US-based electronics company, acquired Riedon Inc. for an undisclosed amount. This acquisition marks a significant step in Bourns' strategy to expand its protection portfolio. The acquisition not only complements Bourns' existing resistor product line but also enables the company to offer a broader and more comprehensive range of resistive and current sense solutions. Furthermore, it positions Bourns to effectively meet the technology and advanced product demands of high-growth markets. Riedon Inc. is a US-based manufacturer specializing in precision resistors.

Major companies operating in the resistor market report are Panasonic Corporation, Honeywell International Inc., Walsin Technology Corporation, TE Connectivity, Murata Manufacturing, OKAYA Electric Industries Co. Ltd., Samsung Electro-Mechanics, Rohm Co. Ltd., Yageo Corporation, Vishay Intertechnology, Bourns Inc., AVX Corporation, CTS Corporation, Ohmite Manufacturing Company, Viking Tech Corporation, Susumu Co. Ltd., Stackpole Electronics Inc., Cyntec Electronics, Caddock Electronics Inc., Cressall Resistors, Arcol, HVR Pentagon, KOA Corporation, Shenzhen Sunlord Electronics Co. Ltd.

Asia-Pacific was the largest region in the resistor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the resistor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the resistor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The resistor market consists of sales of carbon composition resistors, variable resistors, light-dependent resistors, thermocouples, network resistors, and surface mount resistors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

A resistor is a passive electrical component that introduces resistance into an electric circuit, regulating the flow of current. It is a crucial element in electronic design, found in a wide range of electronic devices and systems, used to manage or limit the amount of electrical current passing through a circuit.

Resistors can be classified into two main types include linear resistors and fixed resistors. Linear resistors exhibit a linear relationship between the voltage applied across their terminals and the current passing through them. They are manufactured using thin films and thick films and are utilized in various industries such as automotive, aerospace and defense, communications, consumer electronics and computing, among others.

The resistor market research report is one of a series of new reports that provides resistor market statistics, including resistor industry global market size, regional shares, competitors with a resistor market share, detailed resistor market segments, market trends and opportunities, and any further data you may need to thrive in the resistor industry. This resistor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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