Global Thick Film Resistors Market to Reach US$1.5 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Thick Film Resistors estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2027, growing at a CAGR of 4.7% over the period 2020-2027.SMD Type, one of the segments analyzed in the report, is projected to grow at a 4.9% CAGR to reach US$1.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Through-Hole Type segment is readjusted to a revised 2.6% CAGR for the next 7-year period. This segment currently accounts for a 8.4% share of the global Thick Film Resistors market.
The U.S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 4.5% CAGR for the Period of 2020-2027
The Thick Film Resistors market in the U.S. is estimated at US$319.6 Million in the year 2020. The country currently accounts for a 29.47% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$265.9 Million in the year 2027 trailing a CAGR of 4.5% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR while Rest of European market (as defined in the study) will reach US$265.9 Million by the year 2027.We bring years of research experience to this 6th edition of our report. The 136-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Bourns, Inc.
- Murata Manufacturing Co., Ltd.
- Panasonic Industrial Devices Sales Korea Co., Ltd
- Rohm Semiconductors
- TE Connectivity Corporation
- Vishay Intertechnology, Inc.