Market Trends of Thin Film Resistor Industry
Consumer Electronics is Expected to Hold Significant Market Share
- Resistors are one of the most significantly used passive components in electronic circuits that resist the flow of sudden voltage spikes, which is enough to cause damage to electronic equipment almost instantly. Multiple thin film resistors found widespread application in consumer electronics such as computers, PCs, and notebooks.
- Surface mount thin film resistors are tiny and used significantly for printed circuit boards (PCBs) incorporated in smartphones and laptops, and most silicon-printed circuits use them for operations that ensure signals are always right.
- During the pandemic, Ventec International Group launched a laminate option to its tec-speed 20.0 glass-reinforced hydrocarbon and ceramic laminate cladded with thin-film resistor material from Ticer. Ventec's tec-speed 20.0 material combines unrivaled high-frequency performance (Dk 3.00-3.48 / Df 0.0027-0.0037), superior loss characteristics, and the highest reliability, is now cladded with Ticer TCR NiCr thin-film resistor foil as a service option.
- Another trend is the usage of thin film resistors in smart home appliances or home appliances with advanced features, like data collection. The thin film resistor in smart sensors is also used for material identification in home appliances, like washing machines and induction cookers. These sensors are also deployed in several IoT and smart home devices. Therefore, the growth in the smart home market will directly impact the development of the thin film resistor market.
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Asia Pacific is Expected to Hold Significant Market Share
- Due to immense competition among manufacturers, the companies are also working on minimizing the product footprint to make it more compact and idle for various use. For instance, Panasonic Corporation announced the mass production of Turquoise Stroke Mini Switches with built-in resistors, which are small waterproof switches with a wiring failure detection function that will improve the safety of automobiles.
- In China, the demand for passive electronic components like resistors is primarily driven by the growth in consumer electronics.According to Semiconductor Industry Association (SIA), in January 2024, semiconductor sales in China surged to $14.76 billion, marking a notable rise from the $11.66 billion recorded in January 2023.
- The action plan aims to achieve technological breakthroughs in areas, including circuits, connectors, sensors, and optical communication components, to enhance the position of Chinese companies in the industrial supply chain and ease supply reliance on high-end foreign products. This plan will unlock new opportunities for the industry players in the region.
- Further, the vendors are entering into a regional partnership strategy as part of their distribution strategy. In May 2024, TT Electronics, a leading global provider of engineered electronics for critical applications, unveiled its latest innovation: the LRF4W SMT shunt resistors. This AEC-Q200 certified resistor, designed for high power and low values, is tailored for current sensing applications in battery management, motor control, and power conversion systems.
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