Chip Resistor Market Report 2025 (Global Edition)

Global Chip Resistor Market Report 2025 Market Size Split by Type Outlook: (Thick Film, Thin Film, Others), by Material Outlook: (Silver, Palladium, Cupronickel, Others), by Application Outlook: (Powe...

Chip Resistor Market Report Description

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Competitive Landscape of the Chip Resistor Market

The chip resistor market is highly competitive, characterized by the presence of several global and regional players striving to capture market share through technological advancements, product diversification, and strategic collaborations. Key players in the market include companies like Yageo Corporation, Vishay Intertechnology, Panasonic Corporation, Bourns, Inc., and ROHM Semiconductor.

In April 2023, YAGEO Group, a global passive component producer, introduced the VT Series of automotive-quality thin-film chip resistors. With high voltage, precision, and stability qualities, the product offers case sizes of 1206, full operating voltage obeying 1/4 W rated power, a resistance range of 162K-1.5M, tight tolerances of 0.1%, 0.25%, 0.5%, and 1%, and a low TCR of 10, 25, and 50 ppm/°C. (Source: https://www.yageo.com/en/PressRoom/Content/press_room?category=product_event&news_id=20230427) In May 2022, Farnell, an Avnet brand and global distributor of electronic components, goods, and solutions, announced the launch of the latest Panasonic chip resistors, which provide users with high power operation in small packaging. This was an important addition to Farnell's passive component range, allowing clients to significantly expedite their new product development-to-market programmers while remaining confident in rapid and dependable sourcing. (Source: https://www.farnell.com/news/farnell-now-stocking-latest-chip-resistors-from-panasonic/)

Top Companies Market Share in Chip Resistor Industry: (In no particular order of Rank)

• CTS Corporation
• Panasonic Corporation
• Bourns Inc.
• Yageo Corporation
• TE Connectivity
• Murata Manufacturing Co. Ltd.
• Samsung Electro-Mechanics (Samsung Group)
• Vishay Intertechnology Inc
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Chip Resistor Market

Which Region Dominates the Chip Resistor Market in 2024?

According to Cognitive Market Research, North America dominates the Chip Resistor Market due to its strong technological infrastructure, high demand for electronic devices, and advanced manufacturing capabilities. The region's robust automotive, telecommunications, and consumer electronics industries drive continuous demand for precision components like chip resistors.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is the fastest-growing region in the Chip Resistor Market due to its rapidly expanding electronics manufacturing sector, particularly in countries like China, Japan, South Korea, and India. The region's booming demand for consumer electronics, automotive, telecommunications, and industrial automation drives significant growth in chip resistor consumption.

The current report Scope analyzes Chip Resistor Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Chip Resistor Market Analysis

According to Cognitive Market Research, the global Chip Resistor market size was estimated at USD 1924.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 769.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Chip Resistor market with a market size of USD 607.37million in 2024 and is projected to grow at a CAGR of 8.5%during the forecast period. The U.S. market's increasing demand for electronic devices and advancements in power management systems.
• The Canada Chip Resistor market had a market share of USD 92.38million in 2024 and is projected to grow at a CAGR of 9.5%during the forecast period. Canada’s increasing demand for electronic devices and advancements in power management systems.
• The Mexico Chip Resistor market is projected to witness growth at a CAGR of 9.2%during the forecast period, with a market size of USD 70.05million in 2024.

Europe Chip Resistor Market Analysis

According to Cognitive Market Research, the global Chip Resistor market size was estimated at USD 1924.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 577.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.

• The United Kingdom Chip Resistor market had a market share of 96.99million in 2024 and is projected to grow at a CAGR of 9.8%during the forecast period. In the UK, Chip Resistor sales witness an upswing due to the strong presence in high-tech industries, including automotive.
• The France Chip Resistor market is projected to witness growth at a CAGR of 8.2%during the forecast period, with a market size of USD 53.12million in 2024.
• According to Cognitive Market Research, the German Chip Resistor market size was valued at USD 114.32million in 2024 and is projected to grow at a CAGR of 9.2%during the forecast period. In Germany, Chip Resistor surged due to the strong presence in high-tech industries, including automotive.
• The Italy Chip Resistor market is projected to witness growth at a CAGR of 9.9%during the forecast period, with a market size of USD 49.65million in 2024.
• The Russia Chip Resistor market is projected to witness growth at a CAGR of 8.0%during the forecast period, with a market size of USD 89.49million in 2024.
• The Spain Chip Resistor market is projected to witness growth at a CAGR of 8.1%during the forecast period with a market size of USD 47.34million in 2024
• The Luxembourg Chip Resistor market is projected to witness growth at a CAGR of 9.1%during the forecast period, with a market size of USD 17.90 million in 2024.
• The Portugal Chip Resistor market is projected to witness growth at a CAGR of 8.8%during the forecast period, with a market size of USD 12.12million in 2024.
• The Greece Chip Resistor market is projected to witness growth at a CAGR of 9.3%during the forecast period, with a market size of USD 6.93million in 2024.
• The Rest of Europe's Chip Resistor market is projected to witness growth at a CAGR of 7.7%during the forecast period, with a market size of USD 89.49million in 2024.

Asia Pacific Chip Resistor Market Analysis

According to Cognitive Market Research, the global Chip Resistor market size was estimated at USD 1924.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 442.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Chip Resistor market size was valued at USD 199.19million in 2024 and is projected to grow at a CAGR of 12.0%during the forecast period. Chip Resistor surged in China due to electronics manufacturing and the increasing adoption of smart technologies.
• The Japan Chip Resistor market is projected to witness growth at a CAGR of 12.5%during the forecast period, with a market size of USD 61.08million in 2024.
• The India Chip Resistor market had a market share of USD 53.12million in 2024 and is projected to grow at a CAGR of 14.3%during the forecast period. India's electronics manufacturing and the increasing adoption of smart technologies.
• The South Korean Chip Resistor market is projected to witness growth at a CAGR of 11.6%during the forecast period, with a market size of USD 44.26million in 2024.
• The Australian Chip Resistor market is projected to witness growth at a CAGR of 12.2%during the forecast period, with a market size of USD 23.02million in 2024.
• The South East Asia Chip Resistor market is projected to witness growth at a CAGR of 13.5%during the forecast period, with a market size of USD 30.54million in 2024.
• The Rest of Asia Pacific Chip Resistor market is projected to witness growth at a CAGR of 12.3%during the forecast period, with a market size of USD 31.43million in 2024.

South America Chip Resistor Market Analysis

According to Cognitive Market Research, the global Chip Resistor market size was estimated at USD 1924.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 96.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Chip Resistor market size was valued at USD 41.18million in 2024 and is projected to grow at a CAGR of 10.5%during the forecast period. Chip Resistors flourished in Brazil due to growing electronics manufacturing sector and rising demand for energy-efficient solutions across various industries.
• Argentina's Chip Resistor market had a market share of USD 16.17million in 2024 and is projected to grow at a CAGR of 10.8%during the forecast period. Argentina's growing electronics manufacturing sector and rising demand for energy-efficient solutions across various industries.
• Colombia Chip Resistor market is projected to witness growth at a CAGR of 9.7%during the forecast period, with a market size of USD 8.56million in 2024.
• Peru Chip Resistor market is projected to witness growth at a CAGR of 10.1%during the forecast period, with a market size of USD 7.89million in 2024.
• Chile Chip Resistor market is projected to witness growth at a CAGR of 10.2%during the forecast period, with a market size of USD 6.93million in 2024.
• The Rest of Latin America's Chip Resistor market is projected to witness growth at a CAGR of 9.0%during the forecast period, with a market size of USD 15.49million in 2024.

Middle East Chip Resistor Market Analysis

According to Cognitive Market Research, the global Chip Resistor market size was estimated at USD 1924.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 38.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031..

• The GCC Countries Chip Resistor market is projected to witness growth at a CAGR of 12.5%during the forecast period, with a market size of USD 16.47million in 2024. Chip Resistor sales flourish due to the increasing infrastructure development and technological advancements across various sectors.
• The Egypt Chip Resistor market is projected to witness growth at a CAGR of 10.5%during the forecast period, with a market size of USD 4.04million in 2024.
• The South Africa Chip Resistor market is projected to witness growth at a CAGR of 11.2%during the forecast period, with a market size of USD 6.08million in 2024. Chip Resistor sales flourished in South Africa due to increasing infrastructure development and technological advancements across various sectors.
• The Turkey Chip Resistor market is projected to witness growth at a CAGR of 9.7%during the forecast period, with a market size of USD 3.31million in 2024.
• The Nigeria Chip Resistor market is projected to witness growth at a CAGR of 9.3%during the forecast period, with a market size of USD 4.04million in 2024.
• The Rest of the MEA Chip Resistor market is projected to witness growth at a CAGR of 9.2%during the forecast period, with a market size of USD 4.54million in 2024.

Chip Resistor Market Analysis

How are Segments Performing in the Global Chip Resistor Market?

Chip Resistor Market Type Segment Analysis

According to Cognitive Market Research, Thick film chip resistors hold the dominant share in the chip resistor market due to their cost-effectiveness, durability, and versatility in various applications. These resistors are widely used in consumer electronics, automotive systems, and industrial equipment, as they offer excellent performance under varying environmental conditions. Their ability to handle high voltages and resist thermal fluctuations makes them ideal for power supply systems and LED drivers.

Thin film chip resistors are emerging as the fastest-growing segment, driven by their high precision, stability, and low tolerance levels, making them suitable for advanced electronic applications. These resistors are increasingly used in telecommunications, medical devices, and aerospace industries, where performance accuracy is critical.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Chip Resistor Industry. Request a Free Sample PDF!

Chip Resistor Market Material Segment Analysis

According to Cognitive Market Research, the Silver-based chip resistors dominate the market due to their excellent electrical conductivity and thermal properties, making them a preferred choice for high-performance electronic applications. These resistors are widely used in consumer electronics, automotive systems, and industrial devices where efficient current flow and reliability are crucial. Silver's versatility and compatibility with various circuit designs enhance its adoption in mass production.

Palladium-based chip resistors are emerging as the fastest-growing segment due to their superior corrosion resistance and stability in harsh environments. These properties make them ideal for critical applications in aerospace, medical devices, and telecommunications. The growing demand for highly durable components in high-frequency circuits and precision devices drives the adoption of palladium-based resistors. Furthermore, their role in advanced automotive electronics, particularly in electric vehicles and ADAS, is expanding rapidly.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Chip Resistor Application Outlook: Segment Analysis

Chip Resistor Market Application Segment Analysis

According to Cognitive Market Research, The power supply segment holds the dominant position in the chip resistor market, driven by its critical role in ensuring the stability and efficiency of electrical circuits. Chip resistors are essential components in power supply systems for regulating voltage and current flow, ensuring the proper functioning of power converters, and protecting against electrical surges.

The medical instruments segment is the fastest-growing application in the chip resistor market, owing to the increasing demand for precision and reliability in medical devices. Chip resistors are crucial in diagnostic equipment, wearable health monitors, and implantable devices, where accurate measurement and stability are essential.

• Power Supply
• Medical Instruments
• Electronic Digital Products
• Electric Power Equipment
• Others

Chip Resistor End-Use Industry Outlook: Segment Analysis

Chip Resistor Market End-Use Industry Segment Analysis

According to Cognitive Market Research, the consumer electronics sector is the dominant end-use industry in the chip resistor market, driven by the high demand for electronic devices such as smartphones, laptops, and wearables. Chip resistors play a vital role in ensuring the functionality and efficiency of these devices by managing current flow and regulating power distribution.

The automotive and transportation sector is the fastest-growing end-use industry for chip resistors, driven by the increasing integration of advanced electronics in modern vehicles. With the rise of electric vehicles (EVs), autonomous driving systems, and in-vehicle connectivity, the demand for chip resistors is expanding rapidly.

• Industrial Equipment
• Automotive & Transportation
• IT & Telecommunication
• Consumer Electronics
• Others

Author's Detail

Aarti Bagekari

Research Associate at Cognitive Market Research

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I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.

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