Current Sampling Resistance Market Size, Trends and Growth Analysis by 2027

The current market for sampling resistance is projected to expand from US$ 2,145.42 million in 2021 to US$ 3,124.36 million by 2028, reflecting a compound annual growth rate (CAGR) of 5.5% during the period from 2021 to 2028.

Manufacturers of consumer electronics and appliances are looking to ramp up production following a dip in demand during the current fiscal year. A report from Care Ratings indicates that production in the consumer electronics sector is anticipated to grow by 5-8% in fiscal year 2022. The shift towards a work-from-home culture is expected to drive an increase in demand for products that enhance personal convenience at home. Additionally, demand from rural areas may outpace that from urban centers due to rising wages in rural regions and government initiatives related to rural electrification. Consequently, as consumer electronics production increases, the need for electronic components such as resistors and capacitors is also expected to rise. Resistors are essential components in any electrical or electronic circuit, as they regulate the current flowing through the circuit and control the voltage across connected components. Without resistors, components would be unable to manage voltage levels, potentially leading to overload situations.

The current sampling resistance market is categorized based on type, application, and geographical region. In terms of type, the market is divided into thick film, thin film, and metal plate resistors. The thick film segment held the largest market share in 2020. Regarding applications, the market is segmented into consumer devices, industrial, telecommunication, automotive, and other sectors. The industrial segment represented a significant portion of the market in 2020. Geographically, the market is divided into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). In 2020, North America accounted for a substantial share of the global market.

The COVID-19 pandemic has had a profound impact on the APAC region, which has seen a high number of cases. The densely populated nature of many countries in this area increases the risk of infection. According to the Organization for Economic Co-operation and Development (OECD), major economies such as China, India, Australia, and Japan have been affected, leading to inflationary pressures. Among these, India has been particularly hard hit by the pandemic.

Numerous global brands and technology firms are based in the APAC region. Government-imposed restrictions aimed at curbing the spread of COVID-19, along with the pandemic's impact on various populations and the current inability to fully utilize production capabilities, are significant factors affecting the sampling resistors market in Asian countries. As a result, the ongoing effects of the COVID-19 pandemic are likely to continue to impede the growth of the current sampling resistors market in the APAC region.

The overall size of the current sampling resistance market has been determined through a combination of primary and secondary research methods. The research process began with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the market. This approach also aims to provide an overview and forecast for the current sampling resistance market across all segments. Furthermore, it offers insights and forecasts based on the segmentation across five major regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America. Primary interviews were also conducted with industry participants and commentators to validate the data and gain deeper analytical insights. Participants included industry experts such as Vice Presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the current sampling resistance market.

Key players in the current sampling resistance market include Cyntec Co., Ltd., KOA Speer Electronics, Inc., Panasonic Corporation, ROHM CO., LTD., Samsung Electro-Mechanics Co., Ltd., SUSUMU CO., LTD., TT Electronics, Viking Tech Corporation, Vishay Intertechnology, Inc., and Walter Electronic Co., Ltd..