The North America current sampling resistance market is expected to grow from US$ 576.48 million in 2021 to US$ 809.83 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028.
Increasing prevalence’s of electric cars is expected to surge the market growth in coming years.Electric vehicle adoption is increasing as a result of a combination of legislative support, battery technology and cost advancements, charging infrastructure, and new attractive models from automakers.
Electrification is expanding to new areas of road transportation, paving the way for major changes in the near future.After a decade of fast expansion, the electric car stock reached ten million units in 2020, a 43% increase over 2019 and a 1% stock share.
In 2020, two-third of new electric car registrations and two-thirds of the stock were battery electric vehicles (BEVs).As these resistors are used in various functions, such as body areas & cabin controls, lighting supplies, and engine management & ignition systems, the automotive manufacturers have paved the way for electronic component vendors as a result of the increasing adoption of electric vehicles across the region.
Companies are developing customized resistors for automotive applications in response to rising demand. For example, Viking Tech Corporation produces thin-film resistors that are excellent for automotive applications including engine management, headlight control, and acceleration skid control, among others. Hence, with the promising future of electric cars, demand for current detecting resistors is projected to increase during the forecast period for North America region.
In case of COVID-19, North America is highly affected specially the US.North America is known for the highest rate of adoption of advanced technologies due to favorable government policies to boost innovation and strengthen infrastructure capabilities.
As a result, any factor affecting performance of industries in the region hinders its economic growth.Currently, the US is the world’s worst-affected country due to the COVID-19 outbreak, which has led governments to impose several limitations on industrial, commercial, and public activities in the country, to control the spread of infection.
Hence, the demand for passive components has steadily declined as a result of the suspension of operations in numerous industries, the closing of different production units, and people’s unwillingness to enter the work force. Therefore, the COVID-19 epidemic and its repercussions have impacted the North America’s current sampling resistance market in a negative manner.
The thick film segment led the North America current sampling resistance market based on type in 2020.Thick film resistors are made by coating a substrate with a resistive film or paste made of glass and conductive components.
High resistance values can be printed completely or in different patterns on a cylindrical or flat substrate using the thick film technique.They can also be printed in a serpentine pattern to reduce inductance, which is ideal for applications with consistent frequencies.
Nowadays, general-purpose thick film chip resistors are widely used component in electronic and electrical equipment (RMCF series).As a result, they are the most affordable and widely available resistor technology.
Thick film resistors are ideal for general-purpose applications that do not need a low TCR or tight tolerance. For instance, Panasonic Corporation provide a unique line of thick film current sensing resistors. Advantage of thick film resistor such as ideal for general purpose, affordable, consistent frequencies etc. are expected to increase its demand, thereby driving the North America current sampling resistance market.
The overall North America current sampling resistance market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the North America current sampling resistance market.
The process also serves the purpose of obtaining overview and forecast for the North America current sampling resistance market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North America current sampling resistance market. Cyntec Co., Ltd.; KOA Speer Electronics, Inc.; Panasonic Corporation; ROHM CO., LTD.; Samsung Electro-Mechanics Co, Ltd.; Susumu Co., Ltd; TT Electronics; Viking Tech Corporation; and Vishay Intertechnology, Inc. are among a few players operating in the North America current sampling resistance market.
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