Increasing Use of Electronic Circuits to Boost the Non-Linear Resistors Market
The non-linear resistors market worldwide is expected to grow with a CAGR of 6.5% during the forecast period from 2019 to 2027. The non-linear resistors market worldwide has witnessed tremendous growth over the past few years, along with growth in the electronic circuits market.
The major use of electronic circuits in consumer electronics products is driving the growth of the market. Non-linear resistors have various benefits, such as compact size, stability, and good tolerance, and are effective in reducing heat dissipation. The growing demand for electronic circuits in various industries, such as
consumer electronics
automotive, and others, helps the non-linear resistors market grow. Due to all these factors, we are expecting huge growth in the non-linear resistor market during the forecast period.
Market Synopsis
Electronic Circuits to Continue Dominating the Market
In 2018, the electronic circuits segment, which contributed over 60% of the total revenue generated worldwide, led the overall non-linear resistors market. The electronic circuit is composed of various components such as resistors, transistors, inductors, capacitors, conductive wires or traces, and others.
The electronic circuits segment is growing due to the wide application of electronic circuits in consumer electronic products. Other than consumer electronic products, electronic circuits 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
The non-linear resistors market is led by Asia Pacific. In 2018, the regional market accounted for nearly 30% of the total revenue generated worldwide. The market here is primarily backed by China and India, which have high spending on electronics products as well as a huge consumer base. 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. 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 non-linear resistors market include AEP Components, Micronova Group, Lucas-Nulle GmbH, Murata Manufacturing, Vetco Electronics, Vishay Intertechnology, Inc., TT Electronics Plc, Queen Mao Electronic Co., Ltd., KOA Speer Electronics Inc., and Ohmite Manufacturing Company, among others.
Historical and Forecast Period
This research report presents the analysis of each segment from 2017 to 2027,considering 2018as 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 non-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 non-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 non-linear resistors in 2018 and the forecast up to 2027?
Which is the largest regional market for non-linear resistors?
What are the major trends followed in overall non-linear resistors across different regions?
Who are the key non-linear resistor companies leading the market?
What are the key strategies adopted by the leading non-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 non-linear resistors across various applications
Notable developments are going on in the non-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 Question:
The market for Non-linear Resistors Market is expected to reach USD$ XX in 2027.
The Non-linear Resistors Market is expected to see significant CAGR growth over the coming years, at 6.5% .
The report is forecasted from 2019 -2027.
The base year of this report is 2018.
Murata Manufacturing, Vetco Electronics, Vishay Intertechnology, Inc., TT Electronics Plc, Queen Mao Electronic Co. are some of the major players in the global market.
