The North America Thin Film Chip Resistor Market would witness market growth of 4.7% CAGR during the forecast period (2022-2028).
Some major benefits of thin-film resistors are that these resistors have lower temperature coefficients and tolerances. These resistors offer excellent electrical performance and have better responsiveness at high frequencies. It offers a significant power rating. Additionally, for more accuracy, thin film resistors can be trimmed. Several tools like measurement, monitoring, instrumentation, test, medical, and audio applications may be included in these applications. Precision applications use these resistors.
Other uses for these resistors include stable voltage division, ADC (analog to digital conversion) or DAC (digital to analog conversion), stable references, and stable feedback loops. They are also utilized to calibrate the op-amps gains. These resistors in a network arrangement offer added performance advantages. Anywhere higher accuracy is required, such as in equipment monitoring and measurement in the aerospace or medical industries, RF applications, telecommunications, audio computer chips, HVAC systems, power supply converters, etc., thin-film resistors are utilized.
Many regional businesses are establishing production lines in the region, which is propelling the demand for industrial equipment. Making products domestically makes commercial sense for many manufacturers. For certain businesses, it decreases the amount of money spent on costly, sophisticated production and shipping. Domestic production also keeps a careful eye on output and deals with problems as they arise, and prevents international price increases. Furthermore, strong emphasis on domestic production has given rise to initiatives like "Made in USA." according to this, the product's major components, processing, and labor must all originate in the United States. Therefore, these factors will present lucrative growth opportunities for the regional thin film chip resistor market in the coming years.
The US market dominated the North America Thin Film Chip Resistor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $242.1 million by 2028. The Canada market is poised to grow at a CAGR of 7.1% during (2022 - 2028). Additionally, The Mexico market would showcase a CAGR of 6.2% during (2022 - 2028).
Based on End User, the market is segmented into Industrial Equipment, Consumer Electronics, and Others. Based on Application, the market is segmented into Instrumentation, Electronic Digital Products, Electric Power Equipment, Medical Instruments, Power Supply, and Others. Based on Type, the market is segmented into Ultra Precision 0.05% Tolerance, 0.1% Tolerance, 1% Tolerance, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Thin Film Chip Resistor Market is Predict to reach $885.9 Million by 2028, at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bourns, Inc., International Manufacturing Services, Inc., KOA Speer Electronics, Inc. (KOA Corporation), ASJ Pte Ltd. (ASJ Holdings Ltd.), Cal-Chip Electronics, Inc., Hong Kong Resistors Manufactory, Micro-Ohm Corporation, Mini-Systems, Inc., Ohmite Manufacturing Co. (Heico Companies LLC), and Susumu Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Industrial Equipment
- Consumer Electronics
- Others
By Application
- Instrumentation
- Electronic Digital Products
- Electric Power Equipment
- Medical Instruments
- Power Supply
- Others
By Type
- Ultra-Precision 0.05% Tolerance
- 1% Tolerance
- 1% Tolerance
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Bourns, Inc.
- International Manufacturing Services, Inc.
- KOA Speer Electronics, Inc. (KOA Corporation)
- ASJ Pte Ltd. (ASJ Holdings Ltd.)
- Cal-Chip Electronics, Inc.
- Hong Kong Resistors Manufactory
- Micro-Ohm Corporation
- Mini-Systems, Inc.
- Ohmite Manufacturing Co. (Heico Companies LLC)
- Susumu Co., Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Thin Film Chip Resistor Market, by End User
1.4.2 North America Thin Film Chip Resistor Market, by Application
1.4.3 North America Thin Film Chip Resistor Market, by Type
1.4.4 North America Thin Film Chip Resistor Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Thin Film Chip Resistor Market by End User
3.1 North America Industrial Equipment Market by Country
3.2 North America Consumer Electronics Market by Country
3.3 North America Others Market by Country
Chapter 4. North America Thin Film Chip Resistor Market by Application
4.1 North America Instrumentation Market by Country
4.2 North America Electronic Digital Products Market by Country
4.3 North America Electric Power Equipment Market by Country
4.4 North America Medical Instruments Market by Country
4.5 North America Power Supply Market by Country
4.6 North America Others Market by Country
Chapter 5. North America Thin Film Chip Resistor Market by Type
5.1 North America Ultra Precision 0.05% Tolerance Market by Country
5.2 North America 0.1% Tolerance Market by Country
5.3 North America 1% Tolerance Market by Country
5.4 North America Others Market by Country
Chapter 6. North America Thin Film Chip Resistor Market by Country
6.1 US Thin Film Chip Resistor Market
6.1.1 US Thin Film Chip Resistor Market by End User
6.1.2 US Thin Film Chip Resistor Market by Application
6.1.3 US Thin Film Chip Resistor Market by Type
6.2 Canada Thin Film Chip Resistor Market
6.2.1 Canada Thin Film Chip Resistor Market by End User
6.2.2 Canada Thin Film Chip Resistor Market by Application
6.2.3 Canada Thin Film Chip Resistor Market by Type
6.3 Mexico Thin Film Chip Resistor Market
6.3.1 Mexico Thin Film Chip Resistor Market by End User
6.3.2 Mexico Thin Film Chip Resistor Market by Application
6.3.3 Mexico Thin Film Chip Resistor Market by Type
6.4 Rest of North America Thin Film Chip Resistor Market
6.4.1 Rest of North America Thin Film Chip Resistor Market by End User
6.4.2 Rest of North America Thin Film Chip Resistor Market by Application
6.4.3 Rest of North America Thin Film Chip Resistor Market by Type
Chapter 7. Company Profiles
7.1 Bourns, Inc.
7.1.1 Company Overview
7.1.2 Recent strategies and developments:
7.1.2.1 Product Launches and Product Expansions:
7.2 International Manufacturing Services, Inc.
7.2.1 Company Overview
7.2.2 Recent strategies and developments:
7.2.2.1 Partnerships, Collaborations, and Agreements:
7.3 KOA Speer Electronics, Inc. (KOA Corporation)
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Partnerships, Collaborations, and Agreements:
7.4 ASJ Pte Ltd. (ASJ Holdings Ltd.)
7.4.1 Company Overview
7.5 Cal-Chip Electronics, Inc.
7.5.1 Company Overview
7.6 Hong Kong Resistors Manufactory
7.6.1 Company Overview
7.7 Micro-Ohm Corporation
7.7.1 Company Overview
7.8 Mini-Systems, Inc.
7.8.1 Company Overview
7.9 Ohmite Manufacturing Co. (Heico Companies LLC)
7.9.1 Company Overview
7.10. Susumu Co., Ltd.
7.10.1 Company Overview
TABLE 1 North America Thin Film Chip Resistor Market, 2018 - 2021, USD Million
TABLE 2 North America Thin Film Chip Resistor Market, 2022 - 2028, USD Million
TABLE 3 North America Thin Film Chip Resistor Market by End User, 2018 - 2021, USD Million
TABLE 4 North America Thin Film Chip Resistor Market by End User, 2022 - 2028, USD Million
TABLE 5 North America Industrial Equipment Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Industrial Equipment Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Consumer Electronics Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Consumer Electronics Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Thin Film Chip Resistor Market by Application, 2018 - 2021, USD Million
TABLE 12 North America Thin Film Chip Resistor Market by Application, 2022 - 2028, USD Million
TABLE 13 North America Instrumentation Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Instrumentation Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Electronic Digital Products Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Electronic Digital Products Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Electric Power Equipment Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Electric Power Equipment Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Medical Instruments Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Medical Instruments Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Power Supply Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Power Supply Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Thin Film Chip Resistor Market by Type, 2018 - 2021, USD Million
TABLE 26 North America Thin Film Chip Resistor Market by Type, 2022 - 2028, USD Million
TABLE 27 North America Ultra Precision 0.05% Tolerance Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Ultra Precision 0.05% Tolerance Market by Country, 2022 - 2028, USD Million
TABLE 29 North America 0.1% Tolerance Market by Country, 2018 - 2021, USD Million
TABLE 30 North America 0.1% Tolerance Market by Country, 2022 - 2028, USD Million
TABLE 31 North America 1% Tolerance Market by Country, 2018 - 2021, USD Million
TABLE 32 North America 1% Tolerance Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Thin Film Chip Resistor Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Thin Film Chip Resistor Market by Country, 2022 - 2028, USD Million
TABLE 37 US Thin Film Chip Resistor Market, 2018 - 2021, USD Million
TABLE 38 US Thin Film Chip Resistor Market, 2022 - 2028, USD Million
TABLE 39 US Thin Film Chip Resistor Market by End User, 2018 - 2021, USD Million
TABLE 40 US Thin Film Chip Resistor Market by End User, 2022 - 2028, USD Million
TABLE 41 US Thin Film Chip Resistor Market by Application, 2018 - 2021, USD Million
TABLE 42 US Thin Film Chip Resistor Market by Application, 2022 - 2028, USD Million
TABLE 43 US Thin Film Chip Resistor Market by Type, 2018 - 2021, USD Million
TABLE 44 US Thin Film Chip Resistor Market by Type, 2022 - 2028, USD Million
TABLE 45 Canada Thin Film Chip Resistor Market, 2018 - 2021, USD Million
TABLE 46 Canada Thin Film Chip Resistor Market, 2022 - 2028, USD Million
TABLE 47 Canada Thin Film Chip Resistor Market by End User, 2018 - 2021, USD Million
TABLE 48 Canada Thin Film Chip Resistor Market by End User, 2022 - 2028, USD Million
TABLE 49 Canada Thin Film Chip Resistor Market by Application, 2018 - 2021, USD Million
TABLE 50 Canada Thin Film Chip Resistor Market by Application, 2022 - 2028, USD Million
TABLE 51 Canada Thin Film Chip Resistor Market by Type, 2018 - 2021, USD Million
TABLE 52 Canada Thin Film Chip Resistor Market by Type, 2022 - 2028, USD Million
TABLE 53 Mexico Thin Film Chip Resistor Market, 2018 - 2021, USD Million
TABLE 54 Mexico Thin Film Chip Resistor Market, 2022 - 2028, USD Million
TABLE 55 Mexico Thin Film Chip Resistor Market by End User, 2018 - 2021, USD Million
TABLE 56 Mexico Thin Film Chip Resistor Market by End User, 2022 - 2028, USD Million
TABLE 57 Mexico Thin Film Chip Resistor Market by Application, 2018 - 2021, USD Million
TABLE 58 Mexico Thin Film Chip Resistor Market by Application, 2022 - 2028, USD Million
TABLE 59 Mexico Thin Film Chip Resistor Market by Type, 2018 - 2021, USD Million
TABLE 60 Mexico Thin Film Chip Resistor Market by Type, 2022 - 2028, USD Million
TABLE 61 Rest of North America Thin Film Chip Resistor Market, 2018 - 2021, USD Million
TABLE 62 Rest of North America Thin Film Chip Resistor Market, 2022 - 2028, USD Million
TABLE 63 Rest of North America Thin Film Chip Resistor Market by End User, 2018 - 2021, USD Million
TABLE 64 Rest of North America Thin Film Chip Resistor Market by End User, 2022 - 2028, USD Million
TABLE 65 Rest of North America Thin Film Chip Resistor Market by Application, 2018 - 2021, USD Million
TABLE 66 Rest of North America Thin Film Chip Resistor Market by Application, 2022 - 2028, USD Million
TABLE 67 Rest of North America Thin Film Chip Resistor Market by Type, 2018 - 2021, USD Million
TABLE 68 Rest of North America Thin Film Chip Resistor Market by Type, 2022 - 2028, USD Million
TABLE 69 Key Information - Bourns, Inc.
TABLE 70 Key Information - International Manufacturing Services, Inc.
TABLE 71 Key Information - KOA Speer Electronics, Inc.
TABLE 72 Key Information - ASJ Pte Ltd.
TABLE 73 Key Information - Cal-Chip Electronics, Inc.
TABLE 74 Key Information - Hong Kong Resistors Manufactory
TABLE 75 Key Information - Micro-Ohm Corporation
TABLE 76 Key Information - MINI-SYSTEMS, INC.
TABLE 77 Key Information - Ohmite Manufacturing Co.
TABLE 78 Key Information - Susumu CO., LTD.
List of Figures
FIG 1 Methodology for the research