Precision Resistor Market Analysis, Growth Forecast 2023-2029

  

The rising demand for Precision Resistor Market share in end-use sectors such as automotive, aerospace, and consumer electronics is moving the market forward. Furthermore, growing R&D activities for the creation of highly improved precision resistors are propelling the market forward. The Global Precision Resistor Market research offers a comprehensive analysis of the market. The research provides a thorough examination of major segments, trends, drivers, restraints, the competitive landscape, and factors that are significant in the market.

The Precision Resistor Market size will grow from USD 4.35 billion in 2022 to USD 6.40 billion by 2029 at a compound annual growth rate (CAGR) of 5.7 %.

A precision resistor is a standard resistor with very low tolerance, as low as 0.005%. precise resistors are commonly found in measuring equipment, bridges, and precise AF attenuators. Precision resistors come in a variety of shapes and sizes. Carbon composite precision resistors are very inexpensive to manufacture and are thus increasingly used in electrical circuits.

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Precision resisters are resisters that fulfil greater resistance accuracy, temperature coefficient, load life, and long-term stability specifications while using the same resistance technology. Precision resistors are intended for use in critical applications requiring extremely steady and exact resistance values. Precision resistors are typically selected when great stability and accuracy are required and power needs are modest.

TOP KEY PLAYERS:

·         Murata Manufacturing Co., Ltd. (Japan)

·         TDK Corporation (Italy)

·         Samsung Electro-Mechanics (Korea)

·         YAGEO Group. (Taiwan)

·         KYOCERA AVX Components Corporation (Japan)

·         Vishay Intertechnology, Inc. (U.S.)

·         TE Connectivity (Switzerland)

·         OMRON Corporation (Japan)

·         Vishay Precision Group, Inc. (U.S.)

The Precision Resistor Market segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2023-2029.

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