Global Through Hole Fixed Resistor Market Trend By Type (Type I, Type II), By Application (Application I, Application II), By Geographic Scope And Forecast

The Global Through Hole Fixed Resistor Market was valued at USD 5.2 billion in 2023 and is expected to surpass USD 8.3 billion by 2031, registering a CAGR of 6.1% during the forecast period from 2023 to 2031. Through-hole fixed resistors are widely used in various electronic applications due to their durability, reliability, and ease of assembly. The growth of the electronics industry, the rising adoption of durable components in consumer electronics, and increasing demand in automotive and industrial sectors are the major factors driving the market growth.

Drivers

Growing Demand in Consumer Electronics: The increasing integration of electronics in everyday devices, such as home appliances, smartphones, and wearable technologies, is boosting the demand for reliable components like through-hole fixed resistors.

Advancements in Automotive Electronics: The expansion of electric vehicles (EVs) and autonomous driving technologies is propelling the adoption of robust electronic components, including through-hole fixed resistors, for applications like power management and safety systems.

Rising Industrial Automation: The shift towards Industry 4.0 and the growing use of robotics and automated systems require high-quality resistors that ensure operational efficiency and longevity.

Restraints

Increasing Popularity of Surface-Mount Technology (SMT): SMT components, which are smaller and more cost-efficient, are becoming a preferred choice in many industries, posing a challenge to the growth of through-hole fixed resistors.

Material Costs and Supply Chain Disruptions: Fluctuations in the cost of raw materials and global supply chain challenges may limit market growth.

Opportunity

Expanding Applications in Emerging Markets: Developing economies, with growing electronics manufacturing industries, present significant opportunities for market expansion.

Integration with Advanced Technologies: The use of through-hole fixed resistors in applications requiring high reliability, such as medical devices, aerospace, and defense systems, is anticipated to open new avenues for growth.

Market by System Type Insights

The Metal Film Resistor segment emerged as the largest revenue contributor in 2023, favored for its precision and stability in various electronic circuits. This segment is expected to maintain its dominance during the forecast period, driven by the increasing need for components with low noise and high accuracy.

Market by End-Use Insights

The Consumer Electronics segment accounted for the largest market share in 2023, owing to the rapid growth in electronic device manufacturing. The Automotive segment is anticipated to witness the fastest growth, propelled by the rising penetration of advanced driver-assistance systems (ADAS) and electric vehicles.

Market by Regional Insights

North America led the market in 2023, driven by strong R&D initiatives and the presence of established electronics manufacturers. The Asia-Pacific region is projected to grow at the highest CAGR during the forecast period, supported by the booming electronics manufacturing sector in countries like China, India, and South Korea.

Competitive Scenario

Key players in the Global Through Hole Fixed Resistor Market include Yageo Corporation, KOA Corporation, Panasonic Corporation, TE Connectivity, Vishay Intertechnology, Bourns Inc., TT Electronics, Riedon Inc., and Ohmite Manufacturing Company. Strategies like technological innovation, strategic partnerships, and capacity expansion are being adopted to gain a competitive edge.

Scope of Work – Global Through Hole Fixed Resistor Market

Key Market Developments

2023: Vishay Intertechnology launched a new line of high-precision, high-stability resistors aimed at industrial and automotive applications.

2024: Yageo Corporation announced the acquisition of a resistor manufacturing firm in Asia to expand its market presence.

2025: Panasonic Corporation introduced advanced resistors for use in high-voltage and automotive applications.

FAQs

What is the current market size of the Global Through Hole Fixed Resistor Market? The market was valued at USD 5.2 billion in 2023.

What is the major growth driver of the Global Through Hole Fixed Resistor Market? The growth is driven by the rising demand for reliable components in consumer electronics and automotive applications.

Which is the largest region during the forecast period in the Global Through Hole Fixed Resistor Market? Asia-Pacific is anticipated to witness the highest growth during the forecast period.

Which segment accounted for the largest market share in the Global Through Hole Fixed Resistor Market? The Consumer Electronics segment accounted for the largest market share in 2023.

Who are the key market players in the Global Through Hole Fixed Resistor Market? Key players include Yageo Corporation, KOA Corporation, Panasonic Corporation, Vishay Intertechnology, and others.