Thin Film Resistor Market Size (2024 - 2029)

Thin Film Resistor Market Analysis

The Thin Film Resistor Market size is estimated at USD 0.7 billion in 2024, and is expected to reach USD 0.9 billion by 2029, growing at a CAGR of 5.04% during the forecast period (2024-2029).

• Thin film resistors are surface-mounted integrated circuit (IC) devices that deliver a known resistance to any electrical current flowing through them. They are obtainable in rectangular or square chip packages and are incredibly compact surface-mounted electronic components. They are utilized to operate, safeguard, and control circuits. Thin film resistors may have a set resistance value, variable, or adjustable chip resistance significance within a particular range.
• The growth of data center infrastructure is one of the critical factors driving the thin film resistors market growth. Many enterprises, such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform, are moving their data to the cloud with the benefit of cloud service providers. The rising adoption of digitalization has considerably increased the volume of data generated and processed by enterprises.
• Companies are adopting data centers and powerful networking technologies to access the data stored in data centers and the data obtained from connected devices. Hence, the growth of data center infrastructure is expected to drive the market's growth during the forecast period.
• Resistors are witnessing significant demand for applications in circuits where tight tolerance, low-temperature coefficient, and low noise properties are essential, like active filters or bridge circuits. 
• Further, during the second wave of the pandemic, Vishay Intertechnology, Inc. has introduced a new high-precision, thin-film wraparound chip resistor for industrial, military, and aerospace applications. In addition to offering the most comprehensive resistance value coverage on the market, the Vishay SfernicePEP provides higher power ratings in smaller case sizes than competing devices, which allows miniaturization and improves reliability by reducing the mechanical stress on solder joints.

Thin Film Resistor Industry Segmentation

The resistor which utilizes a thin film resistive layer is known as the thin-film resistor. This layer is placed on top of a ceramic base. Compared to the thick film resistor, the thickness of this resistor is very thin, about 0.1 microns. Generally, these resistors are stable, more accurate, and have a better temperature coefficient, so they are used in higher precision technologies.

The study includes inductors that are used in different end-user industries, including industrial equipment, consumer electronics, and automotive in various geographies. The competitive landscape takes into account multiple companies' market penetration, as well as their organic and inorganic growth strategies. For all of the above segments, market sizes and forecasts are provided in terms of value (USD).