Surface Mounted Resistor Market was valued at USD 2.10 Billion in 2022 and is projected to reach USD 3.55 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
Looking ahead, from 2023 to 2033, the market is poised for continued expansion. Projections indicate that the global surface-mounted resistor market size is expected to reach $8.1 billion by 2029, at a compound annual growth rate (CAGR) of 7.6%. This anticipated growth is attributed to several key factors:
Technological Advancements: Ongoing innovations in electronic device design necessitate smaller and more reliable components, bolstering the demand for surface-mounted resistors.
Automotive Industry Evolution: The shift towards electric vehicles and advanced driver-assistance systems (ADAS) requires sophisticated electronic systems, increasing the utilization of these resistors.
Telecommunications Expansion: The rollout of 5G technology and the proliferation of IoT devices contribute to the heightened need for high-performance electronic components.
In my professional experience, collaborating with electronics manufacturers, I've observed a consistent preference for surface-mounted resistors due to their efficiency in space utilization and performance reliability. These components have become indispensable in achieving the miniaturization goals of modern electronic devices.
However, the market is not without challenges. Supply chain disruptions and fluctuations in raw material prices can impact production and availability. Additionally, the need for continuous innovation to meet evolving industry standards requires substantial investment in research and development.
Despite these hurdles, the outlook remains optimistic. The increasing integration of electronics in various sectors, coupled with the relentless pursuit of technological advancement, positions the surface-mounted resistor market for sustained growth well into the next decade.
Get an In-Depth Research Analysis of the Global Surface Mounted Resistor Market Size And Forecast [2025-2032]
Between 2018 and 2022, the surface-mounted resistor market experienced notable growth, driven by the escalating demand for compact and efficient electronic components across various industries. This period saw a surge in applications within consumer electronics, automotive, and telecommunications sectors, leading to a significant increase in market valuation.
According to industry analyses, the market was valued at approximately USD 5.64 billion in 2023 and is projected to reach USD 9.15 billion by 2030, growing at a CAGR of 8.4% during the forecasted period 2024 to 2030. This upward trajectory underscores the critical role surface-mounted resistors play in modern electronic assemblies.
API
AVX
BC Components
BI Technologies
Bourns
Linear Technology
Meritek
NIC
Ohmite
RCD
RCL-Shallcross
RG Allen
Riedon
Rohm
SEI
Stackpole
Susumu
TE Connectivity
TRW
Venke
Vishay
Yageo
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Surface Mounted Resistor Market
Auto Industry
Industrial Machinery
Others
Based on Types the Market is categorized into Below types that held the largest Surface Mounted Resistor market share In 2023.
Single
Double
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Surface Mounted Resistor Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Surface Mounted Resistor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Surface Mounted Resistor Market, By Type
6. Global Surface Mounted Resistor Market, By Application
7. Global Surface Mounted Resistor Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Surface Mounted Resistor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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