In the case of precision applications, the thin film is commonly used. They have relatively high tolerances, coefficients of low temperature, and low noise. The thin film works better than thick film for high-frequency applications, too. Generally, inductance and capacitance are lower. Thin-film parasitic inductance can be more robust if executed as a cylindrical helix (metal film resistor). This higher output comes with a price, which can be higher than the cost of thick film resistors. According to this report, the SMD thin film resistors market will record a CAGR in terms of revenue over the next five years, and the global market size will hit a substantial value in terms of revenue.
MARKET SCOPE
The "Global SMD Thin Film Resistors Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the SMD thin film resistors market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading SMD thin film resistors market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global SMD thin film resistors market is segmented into 0402 mm, 0603 mm, 0805 mm, 1206 mm, 1210 mm, 2010 mm, and others.
- On the basis of application, the market is segmented into instrumentation, medical equipment, automotive electronics, communication device, and others.
MARKET DYNAMICS
Drivers:
- Growing usage in medical and audio applications due to precision controls is expected to drive the growth of the SMD thin film resistors market.
- Furthermore, the growing adoption of SMD resistors in various industry verticals is further going to create market opportunities for the SMD thin film resistors market during the forecast period.
Restraints:
- It is more expensive than thick film resistors and may restrain the growth of the SMD thin film resistors market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The SMD thin film resistors market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the SMD thin film resistors market in these regions.
IMPACT OF COVID-19 ON SMD THIN FILM RESISTORS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the SMD thin film resistors market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from SMD thin film resistors market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the SMD thin film resistors market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Bourns, Inc
- Cyntec Co., Ltd
- KOA Speer Electronics, Inc
- Panasonic Corporation
- Ralec Electronic Corp.
- Susumu Co., Ltd.
- TE Connectivity
- Vishay Intertechnology, Inc.
- Walsin Technology Corporation
- YAGEO Corp