Thick Film Resistor Market Size (2024 - 2029)

Thick Film Resistor Market Analysis

The Thick Film Resistor Market size is estimated at USD 0.72 billion in 2024, and is expected to reach USD 0.92 billion by 2029, growing at a CAGR of 5.20% during the forecast period (2024-2029).

One of the primary factors driving the Thick Film Resistor Market is that resistor manufacturers are extensively investing in research & development to improve the efficiency of thick film resistors.

• Another factor driving the Thick Film Resistor Market is the rapid rise of the consumer electronics and automotive markets. Thick film resistors are one of the most common main components found in automotive and consumer electronics applications. The global Thick Film Resistor Market is expected to grow further as consumer spending and global investment increase.
• Rising IC, electric, and hybrid vehicle sales, as well as government regulations to improve fuel efficiency and safety standards, have prompted OEMs to install more electrical and electronic devices, driving the market in the automotive industry. Furthermore, robust technological advancements in electronic goods and the increasing adoption of fast networks (4G/5G networks) around the world have increased demand for products containing thick film power resistors. These factors are expected to drive the thick film resistor market this year.
• Furthermore, due to its broad application in the electric and hybrid vehicle segments, hybrid electric vehicles are expected to outperform thick-film and shunt resistors. The HEV has an internal combustion engine, an electric drive system, and a broader array of other technologies, such as regenerative braking, enhanced engine assistance, actuators, and an autonomous start/stop system. 
• These technologies necessitate more complex electrical and electronic equipment for extra power. Implementing such technologies, combined with the increased demand for HEVs, would boost the market for thick layers and shunt resistors. In August 2023, China sold a total of 846,000 new energy vehicles. Of these, 808,000 were passenger electric vehicles, while the remaining 39,000 were commercial electric vehicles.
• On the flip side, thick film resistors present several manufacturing and performance challenges. For example, different laser trim designs and shapes present different manufacturing challenges and yield different strengths and weaknesses in the performance of the resistor. Further, Thick film resistors can be sensitive to environmental and thermal effects, which can cause performance degradation or failure over time. Working with low ohmic values can be challenging for designers, especially in maintaining dimensional accuracy and minimizing fluctuations in resistance.

Thick Film Resistor Industry Segmentation

A thick film resistor is characterized by a thick film resistive layer over a ceramic base. The appearance of this resistor is similar to the thin film resistor, but their properties and manufacturing procedure are different. The thickness of the studied resistor is 1000 times thicker than the thin-film resistor.

The thick film resistor market is segmented by end-user industry (automotive, electrical & electronics, telecommunication) and Geography (North America, Asia-Pacific, Europe, Latin America, Middle East & Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.