Ceramic Composite Resistor Market Report Overview
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global ceramic composite resistor market size was USD 395.5 million in 2022 and market is projected to touch 787.47 Million by 2031, exhibiting a CAGR of 7.7 % during the forecast period.
A ceramic composite resistor is a type of electronic component used to limit the flow of electrical current in a circuit. It is made of a ceramic material that is mixed with a metallic compound, such as ruthenium or nickel-chrome, which creates the resistance to electrical current flow.
Ceramic composite resistors have a high tolerance for high temperatures and are known for their stability, making them useful in high-temperature applications. They are also commonly used in power supply circuits, motor control circuits, and other industrial and automotive applications.
COVID-19 Impact: Pandemic decreased the market demand
The COVID-19 pandemic has had a significant impact on the global economy, including the electronics industry and the ceramic composite resistor market share. One effect of the pandemic has been disruptions to global supply chains and manufacturing operations. The lockdowns and restrictions on movement imposed in many countries to contain the spread of the virus led to reduced production capacity and supply chain disruptions, which affected the availability of raw materials and components needed for the manufacturing of electronic devices and components. As a result, the production and delivery of ceramic composite resistors were affected, leading to a shortage of these components in the market. This shortage led to an increase in prices for ceramic composite resistors as demand outstripped supply.
Latest Trends
"Advancements in materials and design is expected to fuel the growth in the market"
With the increasing demand for higher performance and reliability in electronic devices, manufacturers of ceramic composite resistors are focusing on developing advanced materials and designs to meet these requirements. They are exploring new metal alloys and ceramics that offer higher temperature tolerance, lower resistance drift, and higher precision.
One of the advanced materials being used in ceramic composite resistors is ruthenium oxide, which is known for its high stability and reliability. Ruthenium oxide-based resistors offer excellent performance in high-temperature and high-humidity environments, making them ideal for use in automotive and industrial applications. Furthermore, manufacturers are also exploring new manufacturing techniques, such as thin-film deposition and laser trimming, to produce resistors with high precision and accuracy. Thin-film deposition allows for the deposition of very thin layers of metal on a substrate, which results in resistors with very low tolerance and drift. Laser trimming allows for the precise adjustment of resistor values, resulting in resistors with very high accuracy.
Ceramic Composite Resistor Market Segmentation
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- By Type Analysis
According to type, the market can be segmented Less than 5W, 5-10W, Above 10W.
- By Application Analysis
Based on application, the market can be divided into communication, medical, industrial, automobile, home appliances.
Driving Factors
"Increasing demand for electronic devices to foster the market growth"
The demand for electronic devices, such as smartphones, tablets, laptops, and wearables, is increasing rapidly due to the growing popularity of these devices among consumers. Ceramic composite resistors are a crucial component of electronic devices as they are used in various applications to regulate the flow of current and protect the circuit from overloading. As electronic devices continue to become more advanced, the demand for ceramic composite resistors is expected to grow. This is because the performance and reliability of electronic devices depend on the quality of the electronic components used in their construction. Ceramic composite resistors offer high precision, stability, and accuracy, making them an ideal choice for use in electronic devices.
"Growth in automotive and industrial sectors to result in the expansion of the market"
The automotive and industrial sectors are major end-users of ceramic composite resistors. The automotive sector is experiencing a significant shift towards electric and hybrid vehicles, which require high-performance and reliable electronic components, including ceramic composite resistors. These resistors are used in various applications in electric vehicles, such as battery management systems, motor control, and power electronics. Similarly, the industrial sector is undergoing a transformation with the increasing adoption of automation and robotics. This trend is driving the demand for ceramic composite resistors in various applications, such as servo drives, motor control, and power electronics. In addition, the industrial sector is also investing heavily in renewable energy, which is driving the demand for ceramic composite resistors in inverters, converters, and battery management systems.
Restraining Factors
"Complex manufacturing process to hamper the market growth"
The manufacturing process for ceramic composite resistors is complex and requires specialized equipment and expertise. The process involves several steps, including mixing ceramic powders, adding metal particles, shaping the resistor body, and firing it at high temperatures. The process also requires precise control of temperature and humidity levels to ensure consistent performance and reliability. The complexity of the manufacturing process can increase the cost of production, as it requires specialized equipment and skilled labour. This can limit the availability of ceramic composite resistors, especially in regions where the cost of labour is high.
Ceramic Composite Resistor Market Regional Insights
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"Asia Pacific to lead the market owing to the presence of well-established electronics industries."
Asia-Pacific (APAC) region is expected to show the highest ceramic composite resistor market growth. This is primarily due to the presence of well-established electronics industries in countries such as China, Japan, and South Korea, which are major consumers of ceramic composite resistors. The growth of the market is also driven by increasing demand for consumer electronics, automotive electronics, and industrial automation.
Key Industry Players
"Key players are employing advanced technologies in order to stimulate further growth of the market."
All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.
List of Market Players Profiled
- KOA Corporation: Nagano, Japan
- Ohmite: Rolling Meadows, Illinois, United States
- TE Connectivity: Schaffhausen, Switzerland
- Vishay: Malvern, Pennsylvania, United States
- Hong Kong Resistors: Hong Kong
- YAGEO: Taoyuan City, Taiwan
- Hokuriku Electric Industry: Kanazawa, Ishikawa, Japan
- Viking: Shenzhen, China
- Kunshan Housheng Electronic Industry Co., Ltd.: Kunshan, Jiangsu, China
- Liean-Gimn: Taoyuan City, Taiwan
- TY-OHM: Shenzhen, China
- Tepro Vamistor: Kyoto, Japan
- Reidon: Taipei, Taiwan
Report Coverage
This report examines an understanding of the ceramic composite resistor market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.
Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 395.5 Million in 2022 |
Market Size Value By |
US$ 787.47 Million by 2031 |
Growth Rate |
CAGR of 7.7% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the ceramic composite resistor market expected to touch by 2031?
The ceramic composite resistor market is expected to touch USD 787.47 Million by 2031.
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What CAGR is the ceramic composite resistor market expected to exhibit during 2024-2031?
The ceramic composite resistor market is expected to exhibit a CAGR of 7.7% over 2024-2031.
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Which are the driving factors of the ceramic composite resistor market?
Increasing demand for electronic devices and rising demand for healthy and growth in automotive and industrial sectors.
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Which are the top companies operating in the ceramic composite resistor market?
KOA Corporation, Ohmite, TE Connectivity, Vishay, Hong Kong Resistors, YAGEO, Hokuriku Electric Industry, Viking, Kunshan Housheng Electronic Industry Co., Ltd., Liean-Gimn, TY-OHM, Tepro Vamistor, Reidon are the top companies operating in the ceramic composite resistor market.