According to our latest market study on “Current Sampling Resistance Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and Application,” the market is expected to grow from US$ 2,145.42 million in 2021 to reach US$ 3,124.36 million by 2028; it is expected to grow at a CAGR of 5.5% from 2021 to 2028.
Consumer electronics and appliance makers aim to increase production rates following a decline in demand in the current fiscal year. According to a report by Care Ratings, consumer electronics production is expected to rise by 5–8% in fiscal year 2022. The growth in work-from-home culture is anticipated to help the rise in demand for goods that improve personal convenience at home. Rural demand may surpass the demand from urban markets because of rising rural wages and government programs connected to rural electrification. As a result of the increased consumer electronics manufacturing, the demand for electronics components such as resistors and capacitors is also projected to increase, as resistors are one of the most fundamental components in any electrical or electronic circuit. The electric resistors regulate the amount of current passing through the circuit. They control the voltage in the components to which they are connected. Without resistors, individual components cannot regulate the voltage, which can lead to overloading.
As per the Consumer Technology Association (CTA), consumer demand for smart home goods is also on the rise. These items address people’s worries about home security and safety. Smart locks, doorbells, and cameras; smart smoke and carbon monoxide detectors; and smart switches, dimmers, and outlets are among the devices that are becoming increasingly popular in this sector. In addition, product diversification and introduction of new technologies are also driving the demand for customized current resistors. In addition to consumer electronics, wearables, smart speakers, home automation, connection technologies, and drones are contributing to the industry’s growth.
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The COVID-19 outbreak has severely disrupted the supply chain and manufacturing of passive components, including the hardware component of current sampling resistances. The emergence of COVID-19 virus across the globe, followed by lockdown scenarios, has led the semiconductor industry experts to analyze that the industry would face at least a quarter of lag in the electronic equipment supply chain. This disruption is expected to create tremors through till mid-2021. The electronic equipment and semiconductor industry is likely to pick up pace soon after the governments across the globe lift the various containment measures steadily in order to revive the economy. The production of the passive components in the semiconductor industry is anticipated to gain pace from 2022, which is further foreseen to positively influence the electronic and semiconductor manufacturing, including hardware components of current sampling resistors.
Cyntec Co., Ltd.; KOA Speer Electronics, Inc.; Panasonic Corporation; ROHM CO., LTD.; Samsung Electro-Mechanics Co., Ltd.; SUSUMU CO., LTD.; TT Electronics; Viking Tech Corporation; Vishay Intertechnology, Inc.; and Walter Electronic Co. Ltd. are among the major companies operating in the current sampling resistance market.
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