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Asia Pacific Dominate Chip Precision Resistor Market
Writer：万利隆电子 Page View：Date：2024-05-29
The Global Precision Resistor Market is expected to reach USD 6 billion by 2030, at a CAGR of 6% during the forecast period 2022 to 2030.
Precision resistors are high standards of resistance accuracy, temperature coefficient, load life with same resistor technology as well as mounting method. Precision resistors are related to precision. In these resistors, accuracy is all about precision of the resistance value. Accuracy is impacted by various reasons which collectively referred to as stress. These include self-heating generated by ambient temperature changes and resistors. Apart from this, even after power up, voltage or pressure from circuit boards, moisture from external environment, welding static electricity, corrosive gases, overload are various issues which fluctuate the resistance value of the resistor and impact the resistance accuracy.
The Precision Resistor market was valued at USD 3 billion curranty; the market is growing at a CAGR of 6% from 2022 to 2030
Also, the global Precision Resistor market is expected to reach USD 6 billion by 2030. The primary factor which boosts the demand of resistors is the rising demand for consumer electronics like laptops, smartphones, and portable gaming consoles. This helps India in achieving USD 250 billion electronics market powerhouse goal. Thus, investments done in increasing the consumer electronics production and technical improvements are few of the key driving factors which are expanding the market.
Disruption in the demand and supply of film resistors and lack of profit margins owing to the continuous reduction of the prices of raw materials are key factors affecting the overall growth of the market. Apart from this, heavy investments done in research and development to create a stable and concise design for end use electronics is another restraining factor. In addition, upgrading the current research and development and manufacturing units for lead free and sustainable parameters will further increase costs for the manufacturers.
Asia Pacific is dominating the market with the largest market share in the global precision resistor market and is anticipated to continue its dominance throughout the forecast period owing to the presence of developed and developing companies having the strong dominance in India, China, and South Korea. Apart from this, the regional market is witnessing the growth using high-end technology-based devices along with cheap electronic prices.
Microhm Electronics Group, being a key Precision Resistors and Chips supplier in SEA and Asia Pacific is matching this trend in our R&D, production capacity, logistic and hubs to meeting with this challenging demand.
Precision resistors are high standards of resistance accuracy, temperature coefficient, load life with same resistor technology as well as mounting method. Precision resistors are related to precision. In these resistors, accuracy is all about precision of the resistance value. Accuracy is impacted by various reasons which collectively referred to as stress. These include self-heating generated by ambient temperature changes and resistors. Apart from this, even after power up, voltage or pressure from circuit boards, moisture from external environment, welding static electricity, corrosive gases, overload are various issues which fluctuate the resistance value of the resistor and impact the resistance accuracy.
The Precision Resistor market was valued at USD 3 billion curranty; the market is growing at a CAGR of 6% from 2022 to 2030
Also, the global Precision Resistor market is expected to reach USD 6 billion by 2030. The primary factor which boosts the demand of resistors is the rising demand for consumer electronics like laptops, smartphones, and portable gaming consoles. This helps India in achieving USD 250 billion electronics market powerhouse goal. Thus, investments done in increasing the consumer electronics production and technical improvements are few of the key driving factors which are expanding the market.
Disruption in the demand and supply of film resistors and lack of profit margins owing to the continuous reduction of the prices of raw materials are key factors affecting the overall growth of the market. Apart from this, heavy investments done in research and development to create a stable and concise design for end use electronics is another restraining factor. In addition, upgrading the current research and development and manufacturing units for lead free and sustainable parameters will further increase costs for the manufacturers.
Asia Pacific is dominating the market with the largest market share in the global precision resistor market and is anticipated to continue its dominance throughout the forecast period owing to the presence of developed and developing companies having the strong dominance in India, China, and South Korea. Apart from this, the regional market is witnessing the growth using high-end technology-based devices along with cheap electronic prices.
Microhm Electronics Group, being a key Precision Resistors and Chips supplier in SEA and Asia Pacific is matching this trend in our R&D, production capacity, logistic and hubs to meeting with this challenging demand.
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