Thick Film Resistor Market
The market for Thick Film Resistor was estimated at $830 million in 2024; it is anticipated to increase to $1.20 billion by 2030, with projections indicating growth to around $1.64 billion by 2035.
Global Thick Film Resistor Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Thick Film Resistor industry revenue is expected to be around $883.3 million in 2025 and expected to showcase growth with 6.38% CAGR between 2025 and 2034.
Thick Film Resistors are well regarded for their temperature coefficients and stability levels which contribute to their impressive capabilities in voltage handling and surge resistance while also aiding in noise control effectiveness. The rise of technology with the help of IoT has led to a growing practice where Thick Film Resistors are being utilized more prominently in advanced gadgets, like smartphones, smart TVs and electric cars.
Market Key Insights
- The Thick Film Resistor market is projected to grow from $830.3 million in 2024 to $1.54 billion in 2034. This represents a CAGR of 6.38%, reflecting rising demand across Automotive Electronics, Medical Devices and Telecommunications.
- Yageo Corporation, TE Connectivity, Vishay Intertechnology Inc are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Thick Film Resistor market and are expected to observe the growth CAGR of 4.1% to 6.1% between 2024 and 2030.
- Emerging markets including India, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 7.3% to 8.8%.
- Transition like Shift to Miniaturization has greater influence in United States and China market's value chain; and is expected to add $33 million of additional value to Thick Film Resistor industry revenue by 2030.
- The Thick Film Resistor market is set to add $711 million between 2024 and 2034, with manufacturer targeting Automotive & Industrial End-User Industry projected to gain a larger market share.
- With Increasing application in automotive electronics, and Miniaturization of electronic devices, Thick Film Resistor market to expand 86% between 2024 and 2034.