Thick Film Current Sensing Resistor Market overview:
The Thick Film Current Sensing Resistor Market is projected to grow at a significant pace reaching a CAGR of approximately XX%, over the forecast period of 2022–2028, despite a considerable fall in Service Operator sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
Thick film current sensing resistors are small, lightweight and are highly reliable for multilayer electrode construction. Thick film current sensing resistors are used in various devices such as digital cameras, watches, pocket calculators, telecommunication equipment, medical and military equipment, and others.
In the application segment, the consumer electronics segment is expected to strengthen the growth of the market. Owing to robust technological advancements in electronic goods and the increasing adoption of fast networks (4G/5G networks) across the globe.
The regional segment is divided into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. The Asia Pacific is expected to dominate the market due to rising disposable income, growing industrialization, the surge in e-commerce activity, and others. The leading markets of electronic and automotive products in the Asia Pacific are China, India Japan, and South Korea.
The study is consolidated into major segments and further into sub-segments, such as by Type (SMD, Through Hole), By Application (Automotive, Industrial, Telecommunication, Consumer Electronics, Others), to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2021, considering 2021 as the base year.
Lastly, the report includes a regional analysis and country analysis with the latest trends, along with the major key players including Yageo, Isabellenhütte, TA-I Technology, KOA Corporation, ROHM, Cyntec, Vishay, and Panasonic.
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