Increasing Use of Electronic Circuits to Boost the Linear Resistors Market
The linear resistors market worldwide is expected to grow with a CAGR of 4.2% during the forecast period from 2019 to 2027. The linear resistors market worldwide has been witnessing steady growth for the past few years with growth in the electronic circuits market. The major demand for electronic circuits in consumer electronics is driving the growth of linear resistors.
Linear resistors have numerous benefits, such as compact size, reliability during overload, flexibility, and a wide operating range, among others. The growth of the market for linear resistors is driven by the demand for electronic circuits in various industries, such as consumer electronics, power, and automotive. Due to all these factors, we are expecting steady growth in the linear resistor market during the forecast period.
Electronic Circuits to Continue Dominating the Market
In 2018, the electronic circuits segment remained the backbone of the linear resistors market and contributed a significant amount of revenue to the overall linear resistors market. The wide usage of electronic circuits in consumer electronics is driving the growth of the linear resistor market. Other than consumer electronic products, linear resistors have wide applications in other products as well, such as those in the renewable energy sector, automotive products, and others. As a result of all these factors, electronic circuits will continue dominating the market throughout the forecast period.
Asia Pacific to Register the Fastest Growth
Asia Pacific leads the linear resistors market with more than 1/3 of the total market revenue generated worldwide. The market for linear resistors is backed by the demand for electronic and electrical products, which is highest in the Asia Pacific. Asia Pacific is set to register the highest growth in the market during the forecast period.
Rapidly growing disposable income, growth in adopting technology, and increasing demand for consumer electronics products in the region are the major factors supporting the growth of the market. Further, the region will witness industrial expansion with new technological advancements, which will further drive the linear resistor market. On account of these factors, Asia Pacific will grow with the highest CAGR throughout the forecast period.
Some of the prominent players operating in the linear resistor market include AEP Components, Panasonic, Gefran, Cressall Resistors, Vetco Electronics, Vishay Intertechnology, Inc., TT Electronics, HVR Pentagon, and KOA Speer Electronics, Inc., among others.
Historical and Forecast Period
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The linear resistors market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global linear resistor market based on product type, application, and geography. Key segments covered in the report are as follows:
Key questions are answered in this report
What was the market size of linear resistors in 2018 and the forecast up to 2027?
Which is the largest regional market for linear resistors?
What are the major trends followed in overall linear resistors across different regions?
Who are the key linear resistor companies leading the market?
What are the key strategies adopted by the leading linear resistor companies in the market?
Unique data points of this report
Statistics on electronic circuits worldwide
Recent trends across different regions in terms of the adoption of linear resistors across various applications
Notable developments are going on in the linear resistor market.
Attractive investment propositions for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Frequently Asked Questions:
The market for Linear Resistors Market is expected to reach US$ XX Mn by 2027.
The Linear Resistors Market is expected to see significant CAGR growth over the coming years, at 4.2%.
The report is forecasted from 2019-2027.
The base year of this report is 2018.
AEP Components, Panasonic, Gefran, Cressall Resistors, Vetco Electronics, Vishay Intertechnology, Inc., TT Electronics, HVR Pentagon, and KOA Speer Electronics, Inc are some of the major players in the global market.
