Resistor Networks Market Size, Share, Growth, and Industry Analysis, By Type(Thin Film Resistor Networks and Thick Film Resistor Networks), By Application (Industrial, Medical, Electronics, Automotive and Others)and Regional Forecast to 2032

RESISTOR NETWORKS MARKET REPORT OVERVIEW

The global Resistor Networks market size expanded rapidly XX  in 2023 and is projected to grow substantially XX by 2032, exhibiting a prodigious CAGR XX during the forecast period.

Resistor network is the interconnection of one or more resistors in any topology to realize a desired resistance and electrical characteristics on a circuit. He noted that these networks are in extensive use in electronics to act as voltage divider, signal amplifier or current limiter circuits.

GLOBAL CRISES IMPACTING RESISTOR NETWORKS MARKETCOVID-19 IMPACT or RUSSIA -UKRAINE WAR IMPACT or ISRAEL-HAMAS WAR IMPACT COVID-19 Impact

Resistor Networks Industry Had a Negative Effect Due to Supply Chain Disruptions during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Pandemic measures of lockdowns and restrictions affected the supply chain significantly; impacting the availability of raw-materials such as resistive films, substrates, and packaging material. The production lead times of resistors and resistor networks are extended due to which much-adopted just-in-time (JIT) inventory across manufacturing industries have received a major hit.

LATEST TRENDS

"Miniaturization and Integration to Propel Market Growth"

Miniaturization and integration are two of the most prominent trends linked with the resistor networks market, owing to the current and ongoing advancements in the electronics industry mainly focusing on product miniaturization. Even with more compact formations of industries such as consumer electronics, automotive, and IoT, resistor networks are receiving their miniature form where they can serve maximum functionality. This trend has given rise to Integrated Passive Devices (IPDs) which integrate one or more resistors with other components such as capacitor(s), or inductor(s) in the same form factor as a resistor, perhaps as an integrated module.

RESISTOR NETWORKS MARKET SEGMENTATION

By Type

Based on type the market can be categorized into Thin Film Resistor Networks and Thick Film Resistor Networks.

• Thin Film Resistor Networks-  These are formed by depositing a thin layer of resistive material that may be metal alloys, metal oxides and the like on a layer of insulating material such as plastics, ceramics and glass using techniques such as vacuum deposition or sputtering.
• Thick Film Resistor Networks- These networks are formed using a technique known as screen printing where a layer of resistive paste – which includes conductive, resistive and glass components – is deposited on the surface of the ceramic substrate with subsequent high temperature sintering.

By Application

Based on application the market can be categorized into Industrial, Medical, Electronics, Automotive and Others.

• Industrial- Resistor networks are used in control systems, motor drives, and robotic components to manage current and ensure accurate signal processing.
• Medical- Resistor networks are vital in devices like portable oxygen concentrators, defibrillators, and infusion pumps for stable and reliable operation.
• Electronics- Widely used in smartphones, laptops, gaming consoles, and televisions for power distribution, signal processing, and circuit protection.
• Automotive-  Used in battery management systems, regenerative braking circuits, and motor control units to ensure energy efficiency and safety.

MARKET DYNAMICS

Market Dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

DRIVING FACTORS

"Growth of Consumer Electronics to Drive Market Advancement"

One of the key driving factors in the Resistor Networks market growth is Growth of Consumer Electronics. A primary trend to be witnessed in the resistor networks market is the growth of consumer electronics, as use of compact, efficient, and high-performing electronic devices continue to grow. As the products such as the smartphones, laptops, game consoles, smart TVs and wearable devices develop with better performances, their form factors are becoming smaller and placing higher reliability demand on the components. These requirements are met by resistor networks to offer multiple power supply, signal amplification and voltage splitting all within one package.

"Rising Adoption of IoT Devices to Expand the Market"

Substantial growth in the usage of IoT devices is helping the resistor networks market because of the importance of these components to the performance and reliability of linked systems. From home automation systems and smart home appliances, industrial asset trackers, and smart wearables that monitor health and fitness to smart electrical and water meters and all sorts of sensors, IoT devices require a resistor network for such purposes as signal conditioning, voltage division as well as monitoring of current. These networks also provide accurate configuration of sensors and optimum performance warranted in low power applications, ideal for IoT devices with batteries.

RESTRAINING FACTOR

"High Manufacturing Costs Poses Potential Impediments to Market Growth"

The factors that have come out as a restraining force in the resistor networks market include the high manufacturing cost since the prices are likely to come down and hence the components become easily available in the market and affordable. In resistor networks, there are always noble materials like high-quality resistive films, or precise substrates and manufacturing processes, all of which push up manufacturing cost. Furthermore, the public demand is highly astringent in terms of the required precision and dependability of many parts, especially if the component is to be used in an automotive, medical or industrial equipment; this entails the invariable practice of quality control, strict design standards and added manufacturing costs.

OPPORTUNITY

"Growth of Electronics and Consumer Devices to create opportunity for the product in the Market"

With the advancement in consumer electronics products such as Smartphone’s, wearable devices, smart home gadgets, and the like; there is a growing need for smaller and efficient resistor networks. It is true that in many of these devices miniaturized components for efficient power management, signal conditioning or/and circuit protection which needs to be very reliable. Consequently, wearable devices and health monitors including fitness trackers, smartwatches, and health monitoring devices compact integrated resistor networks can potentially tap massive opportunities in small battery operated systems.

CHALLENGE

"Rising Raw Material and Manufacturing Costs could be a potential challenge for consumer "

Fabrication of resistor networks requires unique materials such as resistive films, substrates and precision components which may be costly. Also, the use of superior technology in manufacturing process increase cost due to requirements for accuracy and dependence on the appellations such as automotive, medical and aerospace increase costs for manufacturing. The above high production costs may help to restrain the market especially for low volume applications.

RESISTOR NETWORKS MARKET REGIONAL INSIGHTS

• North America 

The North American market especially the U.S. is a large market for carbon fiber due to its use in automotive, aerospace and medical devices but does not come anywhere near to the size of the Asia Pacific market. However, the roles applied in APAC are comparatively inferior to the U.S., in which the U.S is a leading country in the global R&D and high added-value application but outsourcing the actual manufacturing.

• Asia Pacific

Asia Pacific has emerged as the most dominant region in the Resistor Networks market share due to a convergence of factors that propel its leadership in this dynamic industry. Asia Pacific region and more specifically China, Japan and South Korea are amongst the world’s most developed exporters of electronics and semiconductor products. These countries are major consumers of resistor networks for their electronics products like smart phones, home electronics, automotive electronics and many other industrial electronics systems that are produced by electronics giants like Samsung, Sony and latest entrant Huawei.

• Europe

Europe, particularly automotive and industrial markets, demand high quality resistor network products. It is not as large and as significant as Asia Pacific concerning its market and total of actual manufacturing. The market in Europe is increasing, specifically in segments such as industrial automation and renewable energy but is not as great as that of Asia-Pacific.

KEY INDUSTRY PLAYERS

"Key Players Transforming the Resistor Networks Market Landscape through Innovation and Global Strategy"

Key enterprises in the Resistor Networks Market are employing various strategies to sustain their market presence amidst rising competition and evolving consumer preferences. Being composed of many resistors jointly connected, Resistor networks being the concentrate of driving industries, is deemed to target specialized sectors, particularly the automotive, medical, and industrial sectors since high precision and reliability are vital. The identified KMAs are investing in development of new resistor networks that will be tailored to fit specific needs, preferably with higher resistance tolerance, longer life span and include additional elements.

List of Market Players Profiled

• Analog Devices(U.S.)
• CTS Corporation(U.S.)
• Bourns(U.S.)
• AVX Corporation(U.S.)
• Murata Manufacturing(Japan)

INDUSTRIAL DEVELOPMENT

April 2023- ROHM Co., Ltd. announced the development of the industry's thinnest (H: 0.Metal plate shunt resistor (PSR350) with a 12W rate for 03 inch. In particular it is designed to provide high power density and is used in automotive and industrial equipment sectors. ROHM has plans to expand the PSR line with a 0.2mΩ (PSR100) and the industry’s smallest size 15W type (PSR330) model to the market.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated time frame. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.