Global Thick Film Resistor Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

• May 2024: Vishay Intertechnology, Inc. launched an upgraded version of its Vishay Draloric RCS0805 e3 anti-surge thick film resistor, now boasting a robust 0.5 W power rating. This enhancement empowers the RCS0805 e3 to replace four standard parallel resistors in the 0805 case size, two in the larger 1206 case, or a single resistor in the 1210 case.
• March 2024: FOJAN Electronics, a supplier to LCSC Electronics, launched the FRL Series Thick Film Resistor. These resistors, part of the FRL series, boast a compact size, lightweight build, and exceptional reliability. With their low resistance, they are particularly adept at handling high currents.

The Global Thick Film Resistor Market is projected to witness significant growth from 2024 to 2030, driven by a variety of factors such as the increasing demand for electronic components across different industries, technological advancements, and the expansion of key end-use sectors. This market is segmented by End-use Industry into Automotive, Electrical & Electronics, and Telecommunication, reflecting the diverse range of applications for thick film resistors. In the automotive sector, thick film resistors are utilized in various electronic systems such as engine control units, safety systems, and infotainment systems. In the electrical & electronics industry, they are integral components in consumer electronics, industrial machinery, and appliances. Additionally, thick film resistors play a crucial role in telecommunications equipment, ensuring signal integrity and reliability in communication networks.

Furthermore, the market is segmented by Resistor Type into Thick Film and Shunt resistors, offering different characteristics and applications. Thick film resistors are widely used for general-purpose applications due to their versatility, reliability, and cost-effectiveness. They are suitable for voltage regulation, current limiting, and signal conditioning in electronic circuits. Shunt resistors, on the other hand, are specifically designed for high-current sensing applications, such as battery management systems, power supplies, and motor control circuits. Their low resistance values and high power handling capabilities make them ideal for precise current measurement and control.

Moreover, the market segmentation extends to Vehicle Type, including Passenger Cars and Commercial Vehicles. Thick film resistors are essential components in automotive electronics, contributing to the functionality of various vehicle systems such as engine management, climate control, and entertainment systems. In passenger cars, they support features like advanced driver assistance systems (ADAS), infotainment systems, and electric vehicle powertrains. In commercial vehicles, thick film resistors play a critical role in ensuring the performance and reliability of onboard electronics, contributing to the safety and efficiency of transportation operations.

Geographically, the market spans regions such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, each presenting unique opportunities and challenges for thick film resistor manufacturers and suppliers. North America and Europe have well-established automotive and electronics industries, driving the demand for thick film resistors in these regions. Meanwhile, Asia Pacific is witnessing rapid industrialization and urbanization, leading to increased demand for electronic components across various sectors. Emerging economies in the Middle East, Africa, and Latin America are also experiencing growing investments in infrastructure and technology, creating opportunities for thick film resistor market growth in these regions.

Global Thick Film Resistor Segment Analysis

In this report, the Global Thick Film Resistor Market has been segmented by End-use Industry, Resistor Type, Vehicle Type and Geography.

Global Thick Film Resistor Market, Segmentation by End-use Industry

The Global Thick Film Resistor Market has been segmented by End-use Industry into Automotive,, Electrical & Electronics and Telecommunication.

The proliferation of electronic devices and systems across industries is driving the demand for thick film resistors. In the automotive sector, the increasing integration of electronic components in modern vehicles for functionalities like advanced driver assistance systems (ADAS), infotainment systems, and electric vehicle (EV) drivetrains is boosting the demand for thick film resistors. Similarly, the electrical & electronics industry relies heavily on thick film resistors for various applications, including power supplies, voltage regulation, temperature sensing, and signal conditioning. With the continuous innovation and miniaturization of electronic devices, the demand for compact and reliable thick film resistors is expected to grow.

Technological advancements in thick film resistor manufacturing are also contributing to market growth. Manufacturers are investing in research and development to enhance the performance, reliability, and efficiency of thick film resistors. This includes advancements in materials, manufacturing processes, and design techniques to meet the evolving requirements of end-use applications. Additionally, innovations such as higher power ratings, tighter tolerances, and improved temperature coefficients are expanding the potential applications of thick film resistors across industries, driving their adoption in a wide range of electronic systems.

The expansion of key end-use sectors such as automotive, electrical & electronics, and telecommunications presents significant growth opportunities for the thick film resistor market. As these industries continue to evolve and innovate, the demand for electronic components like thick film resistors is expected to increase. Moreover, the proliferation of emerging technologies such as Internet of Things (IoT), 5G connectivity, and electric mobility further drives the demand for thick film resistors, as they are essential components in enabling these technologies. Overall, the global thick film resistor market is poised for robust growth, driven by the expanding scope of electronic applications and the continuous advancement of technology.

Global Thick Film Resistor Market, Segmentation by Resistor Type

The Global Thick Film Resistor Market has been segmented by Resistor Type into Thick film and Shunt.

The segmentation of the market into Thick Film and Shunt resistors caters to the diverse needs of various electronic applications. Thick film resistors offer versatility and reliability, making them suitable for a wide range of general-purpose electronic circuits. They find extensive use in voltage regulation, current limiting, and signal conditioning applications across industries such as automotive, consumer electronics, and industrial automation. Their cost-effectiveness and robust performance make them a preferred choice for many electronic designers seeking efficient and dependable resistor solutions.

On the other hand, Shunt resistors serve specific applications that require high-current sensing capabilities and precise current measurement. These resistors are designed to handle high currents while providing accurate resistance values, making them essential components in battery management systems, power supplies, and motor control circuits. Their low resistance values and high power handling capabilities enable them to accurately monitor and control current flow in various electrical systems, ensuring safe and efficient operation. As the demand for high-current sensing applications grows in industries such as automotive, renewable energy, and power electronics, the market for shunt resistors is expected to expand accordingly.

The segmentation of the market into Thick Film and Shunt resistors reflects the distinct characteristics and performance requirements of different electronic applications. While thick film resistors offer versatility and cost-effectiveness for general-purpose use, shunt resistors provide precise current sensing capabilities for high-current applications. By catering to the specific needs of various industries and applications, resistor manufacturers can address a wide range of customer requirements and capture opportunities in diverse market segments.

Global Thick Film Resistor Market, Segmentation by Vehicle Type

The Global Thick Film Resistor Market has been segmented by Vehicle Type into Passenger Cars and Commercial Vehicles.

The segmentation of the market by Vehicle Type into Passenger Cars and Commercial Vehicles highlights the wide-ranging applications of thick film resistors in the automotive sector. In passenger cars, these resistors contribute to the operation of sophisticated electronic systems that enhance driving comfort, safety, and entertainment. From engine management and climate control to infotainment and navigation systems, thick film resistors are integral components that ensure the smooth functioning of various vehicle features. As automotive manufacturers continue to innovate and introduce advanced technologies in passenger vehicles, the demand for thick film resistors is expected to grow in tandem.

Similarly, in commercial vehicles, thick film resistors play a crucial role in supporting the functionality and reliability of onboard electronics. Commercial vehicles, including trucks, buses, and vans, rely on electronic systems for engine control, emissions management, and driver assistance features. Thick film resistors are essential components in these systems, providing accurate voltage regulation, current limiting, and signal conditioning capabilities. With the increasing adoption of electric and hybrid propulsion systems in commercial vehicles, the demand for thick film resistors for power electronics applications is anticipated to rise, further driving market growth in this segment.

The segmentation of the market by Vehicle Type underscores the significance of thick film resistors in both passenger and commercial vehicles, where they contribute to the performance, safety, and efficiency of onboard electronic systems. As automotive technology continues to evolve and vehicle electrification becomes more prevalent, thick film resistors will remain essential components in modern vehicles, supporting the advancement of automotive electronics and driving innovation in the automotive industry.

Global Thick Film Resistor Market, Segmentation by Geography

In this report, the Global Thick Film Resistor Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Thick Film Resistor Market Share (%), by Geographical Region, 2024

Geographically, the global thick film resistor market exhibits a diverse landscape across regions, each with its own set of opportunities and challenges. North America and Europe, with their well-established automotive and electronics industries, represent mature markets for thick film resistors. These regions boast advanced manufacturing capabilities, strong technological infrastructure, and a high level of adoption of electronic components across various sectors. As a result, thick film resistor manufacturers and suppliers in North America and Europe benefit from a stable demand base and access to advanced technologies.

In contrast, the Asia Pacific region presents significant growth opportunities for thick film resistor market players due to rapid industrialization, urbanization, and technological advancement. Countries like China, Japan, South Korea, and India are witnessing robust growth in the automotive, electronics, and telecommunications sectors, driving the demand for electronic components including thick film resistors. Moreover, the presence of a large consumer base, favorable government policies, and increasing investments in infrastructure further contribute to the growth potential of the thick film resistor market in Asia Pacific.

Emerging economies in the Middle East, Africa, and Latin America are also becoming increasingly important markets for thick film resistors. These regions are experiencing significant investments in infrastructure development, particularly in sectors such as transportation, energy, and telecommunications. As these economies continue to grow and modernize, the demand for electronic components like thick film resistors is expected to rise, presenting opportunities for market expansion and penetration. However, challenges such as regulatory complexities, economic volatility, and infrastructure limitations may pose hurdles for market players operating in these regions.

This report provides an in depth analysis of various factors that impact the dynamics of Global Thick Film Resistor Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Drivers

• Growing Demand for Electronic Devices
• Technological Advancements
• Rising Automotive Production

• Expansion of Telecommunication Networks:The expansion of telecommunication networks, fueled by the growing demand for data connectivity and the evolution of mobile technology, presents significant opportunities for thick film resistor manufacturers. As telecommunication companies invest in upgrading their infrastructure to support higher data speeds and accommodate the increasing number of connected devices, the demand for reliable and high-performance electronic components like thick film resistors is expected to rise. These resistors play a vital role in telecommunications equipment, contributing to signal integrity, reliability, and efficient power management in communication networks.
  Thick film resistors are widely used in various telecommunications applications, including base stations, routers, switches, and optical network equipment. In these applications, they perform critical functions such as voltage regulation, signal conditioning, and impedance matching, ensuring the smooth operation and performance of communication systems. As telecommunication networks transition to advanced technologies like 5G, which require higher frequencies and greater bandwidth, the demand for specialized thick film resistors capable of operating at these frequencies is likely to increase, presenting opportunities for innovation and product development in the thick film resistor market.
  Moreover, the ongoing evolution of telecommunication standards and the deployment of next-generation networks further drive the demand for thick film resistors. With the global adoption of standards like 5G NR (New Radio) and advancements in optical fiber technology, telecommunications equipment manufacturers require resistors that can meet the stringent performance requirements of these systems. Thick film resistors designed to deliver precise impedance matching, low noise, and high reliability are essential components in enabling the efficient transmission and reception of signals in modern telecommunication networks. As telecommunications infrastructure continues to evolve to meet the demands of an increasingly connected world, the role of thick film resistors in supporting these advancements is poised to expand, offering growth opportunities for manufacturers in the market.

Restraints

• Price Volatility of Raw Materials
• Competition from Alternative Technologies
• Supply Chain Disruptions

• Regulatory Compliance:Compliance with regulatory requirements and industry standards is crucial for thick film resistor manufacturers to ensure product quality, safety, and environmental sustainability. Regulations such as RoHS and REACH mandate the restriction of hazardous substances in electronic components, including thick film resistors, to minimize environmental and health risks associated with their use. Adhering to these directives requires manufacturers to carefully manage their supply chains, select compliant materials, and implement robust quality control processes to prevent the use of restricted substances in their products.
  Ensuring compliance with automotive quality standards is particularly important for thick film resistor manufacturers serving the automotive industry. Automotive electronic components, including resistors, must meet stringent reliability, durability, and performance requirements to withstand the harsh operating conditions encountered in automotive applications. Compliance with standards such as ISO/TS 16949, which defines quality management system requirements for automotive production and service parts, is essential for demonstrating product reliability and meeting the expectations of automotive OEMs and suppliers.
  While compliance with regulatory requirements and industry standards adds complexity and cost to thick film resistor manufacturing, it also presents opportunities for differentiation and competitive advantage. Manufacturers that invest in advanced manufacturing processes, quality management systems, and environmental sustainability initiatives can position themselves as trusted suppliers capable of delivering high-quality, compliant products. By demonstrating a commitment to regulatory compliance, environmental responsibility, and product quality, thick film resistor manufacturers can enhance their reputation, build customer trust, and capture market share in industries where compliance is a critical consideration.

Opportunities

• Expansion of Electric Vehicle (EV) Market
• Rise in Industrial Automation
• Emerging Technologies

• Telecommunication Infrastructure Upgrades: The ongoing upgrades and expansions of telecommunication infrastructure, including the deployment of 5G networks and fiber-optic broadband, offer significant opportunities for thick film resistor manufacturers. These resistors play a crucial role in telecommunications equipment such as base stations, routers, switches, and amplifiers, ensuring signal integrity, reliability, and efficiency in communication networks. With the increasing demand for high-speed data transmission, low latency, and reliable connectivity, telecommunication companies are investing heavily in network upgrades and expansion projects. Thick film resistors are integral components in these networks, providing impedance matching, voltage regulation, and signal conditioning functions to optimize network performance.
  Moreover, the proliferation of IoT devices, connected sensors, and smart devices is driving the need for robust telecommunication infrastructure. Thick film resistors are essential components in IoT devices, providing impedance matching, filtering, and voltage regulation functions to ensure reliable communication and data transmission. As the number of connected devices continues to grow, telecommunication networks must accommodate the increasing data traffic and bandwidth requirements. This presents opportunities for thick film resistor manufacturers to supply high-quality, reliable components for telecommunication equipment that can meet the demands of the evolving IoT ecosystem.
  Furthermore, the global rollout of 5G networks and the expansion of fiber-optic broadband are driving the demand for thick film resistors with higher frequency capabilities and enhanced performance characteristics. These resistors enable the transmission and reception of high-frequency signals in telecommunications equipment, supporting the high data rates and low latency requirements of 5G networks. As telecommunication companies upgrade their infrastructure to support 5G connectivity, there is a growing need for specialized thick film resistors that can operate at higher frequencies while maintaining signal integrity and reliability. This presents an opportunity for manufacturers to develop and supply innovative thick film resistor solutions tailored to the specific requirements of 5G telecommunications applications.

Key players in Global Thick Film Resistor Market include:

• Yageo
• Te Connectivity
• KOA Corporation
• Panasonic
• Vishay
• ROHM Semiconductor
• Viking Tech Corporation
• Murata
• TT Electroncs
• Bourns

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis