DUBLIN, 12 August 2021– (WIRE BUSINESS) – “Forecast of Current Sampling Resistance by 2028-Impact of COVID-19 and Global Analysis by Type (Thick Film, Broken Film and Metal Slabs) and Application (Consumer Equipment, Industrial , Telecommunications, Automotive, and Other Applications) “the report has been added ResearchAndMarkets.com’s Oferta e.
According to this report, the market is expected to grow from $ 2,145.42 million in 2021 to reach $ 3,124.36 million by 2028; is expected to grow by a CAGR of 5.5% from 2021 to 2028.
The use of the Internet of Things (IoT) is constantly increasing. According to the New Eclipse Foundation’s commercial adoption report, over 40% of industry executives indicate that their businesses are adopting IoT solutions now, while another 22% say they expect to use IoT in the next two years. Moreover, the survey found that spending on IoT will increase, with 40% of companies expected to spend more on IoT solutions between 2020 and 2021. Further, government agencies are starting projects to use IoT technology. For example, the Indian government has implemented laws and projects such as “Digital India” and “Smart Cities” to reap the benefits of IoT technology in many industries, and this growing demand for IoT undoubtedly has a beneficial impact on Electronic components industry Components are critical because they allow IoT products and applications to collect, analyze, and send real-world signals and data. IoT approval creates favorable opportunities for ingredient manufacturers. It also shows that component sales are likely to expand exponentially in the coming years.
The proliferation of COVID-19 has severely disrupted the supply chain and the production of passive components, including the hardware component of the current sampling resistors. The emergence of the COVID-19 virus across the globe, followed by blockchain scenarios, has led semiconductor industry experts to analyze that the industry will face at least a quarter of the delay in the electronics supply chain. This disruption is expected to create shocks by mid-2021. The electronics and semiconductor industry is likely to pick up the pace quickly as governments across the globe lift various control measures steadily to revive the economy. The production of passive components in the semiconductor industry is projected to gain momentum from 2022, which is further projected to positively impact electronic and semiconductor manufacturing, including the hardware components of the current sample resistors.
The current sampling resistance market is segmented by type, application and geography. Geographically, the market is divided into five main regions — North America, Asia Pacific (APAC), Europe, the Middle East and Africa (MEA), and South and Central America (SCAM). Asia Pacific held the largest market share in 2020, followed by North America and Europe. Further, the market in Asia Pacific is projected to witness the highest growth rate during the forecast period. Based on the type, the current sampling resistance market is segmented into thick film, thin film and metal plate. The thick film segment represented the largest share of the overall market in 2020. In terms of application, the current sampling resistance market is segmented into consumer equipment, industrial, telecommunications, automotive and other applications. In 2020, the industrial segment accounted for a significant share of the market.
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Cyntec Co., Ltd
KOA Speer Electronics, Inc.
ROHM CO., LTD
Samsung Electro-Mechanics Co., Ltd.
Susumu Co., Ltd
Viking Technical Corporation
Vishay Intertechnology, Inc.
Walter Electronic Co.Ltd
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Check out the source version at businesswire.com: https://www.businesswire.com/news/home/20210812005565/en/
Laura Wood, Senior Press Manager
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