Thick Film Resistor Market Projected to reach $615 million by 2025
The report “ Thick Film Resistor Market by Industry & Resistor Type (Automotive, Electrical & Electronics & Telecommunication), Resistor Type (Thick Film & Shunt), Vehicle Type (ICE, Electric & Hybrid Vehicles) and Region – Global Forecast to 2025″ , is projected to grow at a CAGR of 5.06% during the forecast period, to reach a market size of USD 615 million by 2025 from USD 435 million in 2018. Factors such as increasing adoption of advanced technologies in automotive industry, increasing adoption of 4G/5G networks, and rising demand for high-performance electronic and electrical systems are expected to fuel the demand for thick film power & shunt resistors. Thick Film Resistor is estimated to hold the largest share in the market, by resistor type Thick film power resistor is estimated to hold the largest market share in 2018. The factors driving this market are the rising demand for electronic circuits in passenger cars and commercial vehicle...