Chip Resistor Market Size 2022-27 Share, Trends, Industry Analysis Growth and Forecast
According to the latest report by IMARC Group, titled “ Chip Resistor Market Size, Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027 ,” offers a comprehensive analysis of the industry, which comprises insights on the global chip resistor market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global chip resistor market reached a value of US$ 1,049.2 Million in 2021 . Looking forward, IMARC Group expects the market to reach a value of US$ 1,557.1 Million by 2027 exhibiting a CAGR of 6.20% during 2022-2027 . Chip resistors, also known as SMD resistors, are integrated circuit (IC) devices manufactured using metal oxides or metal films and covered with a protective coating. They are designed to oppose the flow of electric current and are widely used to control, protect, and operate circuits in advanced electronic devices. Nowadays, they are available in fixed and variable resistance variants. ...