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Chip Resistor Market Size & Share to Surpass $2.0 Billion by 2028 | Vantage Market Research



WASHINGTON, Jan. 23, 2023 (GLOBE NEWSWIRE) — Global Chip Resistor Market is valued at USD 1.5 Billion in 2021 and is projected to reach a value of USD 2.0 Billion by 2028 at a CAGR (Compound Annual Growth Rate) of 5.70% over the forecast period 2022-2028.   

Market Overview

According to Vantage Market Research, key factors are anticipated to accelerate the Chip Resistor market growth over the forecast period. The rising digitalization of various global sectors is a major driver of Chip Resistor market growth. Due to developments in sensors, data capture, robots, computer power, and networking, companies can upgrade their materials to improve their production, service, and supply chains. The market for Chip Resistors is also expanding due to the growing demand for electronics in autos.

We forecast that the solution category in Chip Resistor market sales will account for more than 27% of total sales by 2028. Opportunities for the Chip Resistor market are anticipated to emerge shortly due to the rapid advancement of trends and technology in consumer electronics applications. Chip Resistor demand is anticipated to rise due to new electronic and electrical gadgets, including smart TVs, car logging devices, high-end laptops, RGB lighting, and others, and their use in daily life.

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Market Dynamics

Rise in Electronic Device Demand to Drive Market Growth

The need for electronics such as smartphones and the spread of applications such as the Internet of Things and cloud computing is predicted to be the main drivers of growth for the worldwide Chip Resistor market. One of the main factors projected to drive the market is incorporating new technologies like artificial intelligence (AI) and 5G networks into devices, together with the explosive rise of automotive and industrial electronics. For instance, Vishay Inter Technology, a semiconductors and passive electronic components producer, released a high-precision thin film wraparound Chip Resistor in May 2021. This resistor has a tight TCR of 2 ppm/° and is used in industrial, medical, military, and aerospace applications. Its resistance range is 100 to 3.05 M.

Market Technological Development Will Generate Vast Investment Opportunities

Due to advancements in cutting-edge technologies like 5G, the Internet of Things, and electric and driverless vehicles, the global Chip Resistor market is expanding quickly (IoT). The internet of things will greatly accelerate the continual growth of technology. It will present excellent chances for component suppliers and manufacturers in the coming year. By 2025, there will be around 25.1 billion Internet of Things (IoT) devices worldwide, according to the Global System for Mobile Communications Association (GSMA). Additionally, the car industry predicts that by 2030, 4.7 million autonomous electric vehicles will replace the roughly 5.1 million conventional automobiles delivered in the U.S. These changes will probably create good prospects for the Chip Resistor market.

Top Players in the Global Chip Resistor Market

  • Bourns Inc. (United States)
  • TE Connectivity (Switzerland)
  • Vishay Intertechnology Inc. (United States)
  • Koa Corporation (Japan)
  • Tzai Yuan Enterprise Co. (China)
  • International Manufacturing Services (United States)
  • Yageo Corporation (Taiwan)
  • Rohm Semiconductor (Japan)
  • AVX Corporation (United States)
  • Susumu Co. Ltd. (Japan)

For Additional Information on Chip Resistor Market Players and Detail List, Download a Report PDF Brochure

Top Trends in the Global Chip Resistor Market

  • One trend that Vantage Market Research (VMR) expects to see in the Chip Resistor industry is the rise of electronics miniaturization and the growing demand for compact devices, which are less expensive and smaller than traditional lead resistors.
  • Another trend that VMR predicts will continue in the Chip Resistor industry is the enhanced need for resistors to meet performance standards for cardiac monitoring circuits in automatic external defibrillators (AEDs). This is boosting the market for Chip Resistors by increasing the use of Chip Resistors that can handle high voltages, dissipate about 10W of power, and provide voltage linearity and temperature stability.

Top Report Findings

  • Based on Type, most of the Chip Resistor market’s revenue is controlled by the thick film category. The demand for tiny advanced tools is predicted to expand in several industries, including automotive, consumer electronics, and many more. The usage of electronics and electrical devices is expected to increase.
  • Based on End Use, the consumer electronics category controls most of the Chip Resistor market’s revenue. The rise in the number of consumer electronics devices, such as smartphones, tablets, and computers, can be ascribed to the market’s expansion and the rising demand for Chip Resistor solutions.

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Recent Developments in the Global Chip Resistor Market

  • In India, Resistive Technologies Limited (RTCL) is one of the country’s largest manufacturers of Chip Resistors. The company recently agreed with Qualcomm Incorporated to supply its chips for next-generation LTE smartphones and tablets. RTCL also plans to enter the automotive market with its latest product line.
  • Taiwan Semiconductor Manufacturing Co., Ltd. (TSMC) has developed an innovative Chip Resistor manufacturing process to produce better resistors.

Thick Film Category in Chip Resistor Market to Generate Over 57% Revenue

Chip Resistors are an expensive investment. Vantage Market Research has analyzed the market for Chip Resistor to understand its current state and potential future growth factors. Based on the application, the Chip Resistor market is divided into Thick Film and Thin Film for better understanding.

During the forecast period, the market for Chip Resistor is anticipated to experience the highest CAGR for the thick film category. This is because tiny advanced tools are increasingly demanding across various industries, including consumer electronics and automotive.

On the other hand, the thin film category is anticipated to grow significantly. The development of data center infrastructure and the adoption of lead-free components are anticipated to propel the market for thin film Chip Resistors worldwide.

Asia Pacific Region in Chip Resistor Market to Generate More 47% Revenue

Asia Pacific dominates the Chip Resistor market, and this dominant trend will continue throughout the projection period. The region has a dominant position in terms of Chip Resistor market share due to the increased adoption of high-end technology-based gadgets combined with the low prices of electronics.

Browse market data Tables and Figures spread through 141 Pages and in-depth TOC on Chip Resistor Market Forecast Report (2022-2028).

Global Chip Resistor Market Segmentation

By Type

  • Thick Film
  • Thin Film
  • Others

By End Use

  • Automotive & Transportation
  • Consumer Electronics
  • Industrial
  • IT & Telecommunication
  • Others

By Region

  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

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Regional Analysis

  • North America will account for the largest market share of Chip Resistor. The major factors contributing to the growth of this market are increasing demand for low-power resistors and sensors owing to increasing recognition of energy conservation and environmental awareness, as well as the growing need for smart manufacturing solutions.
  • Asia Pacific will be the second largest region, with a share of 23%. Europe will be the third largest region with a share of 16%. The primary drivers behind the growth of this market are the rising demand for low-power resistors and sensors in end-user applications such as automotive, communications, consumer electronics, and medical devices, among others. Latin America and, the Middle East & Africa are expected to account for 7% and 5% of the global market, respectively.
  • The Middle East & Africa market is projected to grow at a modest rate over the forecast period owing to stringent government regulations about electrical equipment and rapid expansion of infrastructure development in this region.

Scope of the Report:

Report Attributes Details
Market Size in 2021 USD 1.5 Billion
Revenue Forecast by 2028 USD 2.0 Billion
CAGR 5.70% from 2022 to 2028
Base Year 2021
Forecast Year 2022 to 2028
Key Players Bourns Inc., TE Connectivity, Vishay Intertechnology Inc., Koa Corporation, Tzai Yuan Enterprise Co., International Manufacturing Services, Yageo Corporation, Rohm Semiconductor, AVX Corporation, Susumu Co. Ltd.
Customization Options Customized purchase options are available to meet any research needs. Explore customized purchase options

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About Vantage Market Research:

We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies.

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Oncolytics Biotech® Announces Upcoming Presentations at the American Society of Clinical Oncology Annual Meeting




SAN DIEGO and CALGARY, AB, April 25, 2024 /PRNewswire/ — Oncolytics Biotech® Inc. (NASDAQ: ONCY) (TSX: ONC), a leading clinical-stage company specializing in immunotherapy for oncology, today announced the acceptance of two abstracts at the 2024 American Society of Clinical Oncology (ASCO) Annual Meeting, which is taking place from May 31 – June 4, 2024, in Chicago, Illinois. Details on the abstracts and poster presentation are shown below.

Title: Phase 1/2 randomized, open-label, multicenter, Simon two-stage study of pelareorep combined with modified FOLFIRINOX +/- atezolizumab in patients with metastatic pancreatic ductal adenocarcinoma.
Presentation Type: PosterAbstract Number: TPS4203Session Title: Gastrointestinal Cancer – Gastroesophageal, Pancreatic, and HepatobiliarySession Date and Time: June 1, 2024, 1:30 – 4:30 p.m. CTTitle: Pelareorep driven blood TIL expansion in patients with pancreatic, breast and colon cancer.Presentation Type: Online abstractAbstract Number: e14625
Abstracts will be published on the ASCO Annual Meeting website at 5:00 p.m. ET on May 23, 2024.
About Oncolytics Biotech Inc.
Oncolytics is a clinical-stage biotechnology company developing pelareorep, an intravenously delivered immunotherapeutic agent. Pelareorep has demonstrated promising results in two randomized Phase 2 studies in metastatic breast cancer and Phase 1 and 2 studies in pancreatic cancer. It acts by inducing anti-cancer immune responses and promotes an inflamed tumor phenotype — turning “cold” tumors “hot” — through innate and adaptive immune responses to treat a variety of cancers.
Pelareorep has demonstrated synergies with multiple approved oncology treatments. Oncolytics is currently conducting and planning combination clinical trials with pelareorep in solid and hematological malignancies as it advances towards registrational studies in metastatic breast cancer and pancreatic cancer, both of which have received Fast Track designation from the FDA. For further information, please visit: or follow the company on social media on LinkedIn and on X @oncolytics.
Company Contact
Jon Patton
Director of IR & Communication
[email protected]
Investor Relations for Oncolytics
Timothy McCarthy
LifeSci Advisors
[email protected]

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Internet of Things (IoT) Market to Expand at a Stellar 19.4% CAGR through 2031 | SkyQuest Technology




WESTFORD, Mass., April 25, 2024 /PRNewswire/ — SkyQuest projects that the Internet of Things (IoT) Market will attain a value of USD 1572.37 billion by 2031, with a CAGR of 19.4% over the forecast period (2024-2031). Internet of Things (IoT) refers to the network of connected devices over the internet that are embedded with sensors and software. Growing adoption of automation around the world and advancements in connected device technologies are forecasted to be key factors driving the Internet of Things (IoT) market growth in the future.

Download a detailed overview:
Browse in-depth TOC on “Internet of Things (IoT) Market”
Pages – 197Tables – 69Figures – 75Internet of Things (IoT) Market Overview:
Report Coverage
Market Revenue in 2023
$ 380.6 billion
Estimated Value by 2031
$1572.37 billion
Growth Rate
Poised to grow at a CAGR of 19.4%
Forecast Period
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Component Type, Application, and Region
Geographies Covered
North America, Europe, Asia Pacific, and the Rest of the world
Report Highlights
Updated financial information / product portfolio of players
Key Market Opportunities
Rising demand for connected healthcare and growing use of industrial automation solutions
Key Market Drivers
Advancements in connectivity and connected device technologies
Hardware is Estimated to Dominate the Global Market Share Owing to High Use of Hardware Components in IoT
Hardware components such as sensors and actuators are highly vital to the proper functioning of any kind of Internet of Things (IoT) device. Growing adoption of IoT devices in different industry verticals for various applications is promoting market growth via this segment. The development of new hardware solutions also helps this segment maintain its dominance.
Smart Agriculture is the Fastest-growing Segment Owing to Rising Adoption of Precision Agriculture Practice
Rising emphasis on improving agricultural yield and sustainability has resulted in the growing adoption of smart agriculture and precision agriculture practices. IoT devices play a crucial role in monitoring and controlling different elements of a smart agriculture setup that is mostly automated using different smart devices thereby contributing to the IoT market growth as well.
Growing Adoption of 5G Technology Allowing North America to Dominate the Global Internet of Things (IoT) Market
Rapid adoption of 5G technology and high use of cloud-based platforms are key factors allowing North America to lead the demand for Internet of Things (IoT) around the world. Surging investments in the research and development of advanced technologies and the presence of key tech giants such as Amazon, Google, IBM, and Microsoft also helps the dominance of this region. Canada and the United States remain the most lucrative markets for Internet of Things (IoT) companies in North America through 2031.
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Internet of Things (IoT) Market Insights:
Advancements in connectivity and connected device technologies.Growing demand for Industrial IoT (IIoT) solutions.Increasing number of smart cities and development of smart infrastructure.Restraints
Lack of standardization of IoT devices and technologies.Privacy and data security issues.Interoperability challenges and complex integration scenarios.Prominent Players in Internet of Things (IoT) Market
MicrosoftCisco SystemsIntelSiemens (Germany)AWS (US)Oracle (US)Qualcomm (UK)SAP (Germany)IBM (US)Google (US)View report summary and Table of Contents (TOC):
Key Questions Answered in Internet of Things (IoT) Market Report
What are the top drivers for Internet of Things (IoT) market going forward?Who are the leading Internet of Things (IoT) market players?Where will demand for Internet of Things (IoT) be high?Which component accounts for a dominant revenue share of the global Internet of Things (IoT) market?This report provides the following insights:
Analysis of key drivers (advancements in connectivity and connected device technologies, growing demand for industrial IoT (IIoT), development of smart infrastructure for smart cities, growing use of smart devices ), restraints (lack of standardization, complexities in integration, concerns regarding security and privacy of data), and opportunities (rising popularity of connected healthcare, increasing adoption of Industry 4.0, rising use of industrial automation), influencing the growth of Internet of Things (IoT) market.Market Penetration: All-inclusive analysis of product portfolio of different market players and status of new product launches.Product Development/Innovation: Elaborate assessment of R&D activities, new product development, and upcoming trends of the Internet of Things (IoT) market.Market Development: Detailed analysis of potential regions where the market has potential to grow.Market Diversification: Comprehensive assessment of new product launches, recent developments, and emerging regional markets.Competitive Landscape: Detailed analysis of growth strategies, revenue analysis, and product innovation by new and established market players.Related Reports:
Global Internet of Things in Retail Market
Global Internet of Things (IoT) in Agriculture Market
Global Internet of Things (IoT) Microcontroller Market
Global IOT In Healthcare Market
Global IOT in Manufacturing Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific. 
Mr. Jagraj Singh Skyquest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website:

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Sapiens Unveils Enhanced Reinsurance and Analytics Solution Catering to Evolving Market Demands




Latest version enhances operational efficiency, regulatory reporting, and strategic decision-making with robust business insights
ROCHELLE PARK, N.J., April 25, 2024 /PRNewswire/ — Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the launch of its latest version of Sapiens ReinsuranceMaster.

The new release of Version 9 brings a multitude of enhancements and technology stack updates, designed to empower insurers and reinsurers with robust, enriched functionality to support business requirements. This includes automating global inter-company retrocession, facilitating U.S. NAIC statutory reporting (Schedule F), and real-time reinsurance allocation support (‘reinsurance as a service’).
The latest release offers a multitude of enhancements, with one of the standout features being the seamless integration of Sapiens Intelligence with Sapiens ReinsuranceMaster. This integration empowers users with advanced data capabilities and actionable insights through out-of-the-box reinsurance reports and analytics of the reinsurance portfolio’s performance.
In addition, the new release brings significant improvements to the user experience, with a revamped user interface, enhancements in processing performance through improvements and parallel processing mechanisms, improved scalability and operability. 
“With the growing significance of reinsurance in today’s volatile environment, our latest version of Sapiens ReinsuranceMaster with Sapiens Intelligence offers even greater value to insurers and reinsurers, catering to the ever-changing demands of this dynamic market,” said Roni Al-Dor, Sapiens President & CEO. “Leveraging the shared experience from our other products as well as requirements from our global client base, the solution is now very well-positioned to support global automation of complex reinsurance programs and provide management with insights into reinsurance performance as well as statutory reporting.”  
Sapiens ReinsuranceMaster is a comprehensive, single platform for large and multi-national reinsurance programs, providing full financial control and flexibility across all lines of business. The solution supports the entire range of reinsurance contracts, providing full support for all auditing requirements and a consolidated view of liabilities and risks, as well as helping prevent financial leakage.
Sapiens Intelligence, now a fully integrated component of Sapiens ReinsuranceMaster v.9, produces actionable insights to maximize the value of data and KPIs for smarter decision making, improving reinsurance business management.
About Sapiens  
Sapiens International Corporation (NASDAQ and TASE: SPNS) empowers the financial sector, with a focus on insurance, to transform and become digital, innovative, and agile. With more than 40 years of industry expertise, Sapiens’ cloud-based SaaS insurance platform offers pre-integrated, low-code capabilities across core, data, and digital domains to accelerate our customers’ digital transformation. Serving over 600 customers in more than 30 countries, Sapiens offers insurers across property and casualty, workers’ compensation, and life insurance markets the most comprehensive set of solutions, from core to complementary, including Reinsurance, Financial & Compliance, Data & Analytics, Digital, and Decision Management. For more information visit or follow us on LinkedIn  
Investor and Media Contact : Yaffa Cohen-Ifrah Sapiens Chief Marketing Officer and Head of Investor Relations Email: [email protected] 
Forward Looking Statements
Certain matters discussed in this press release that are incorporated herein and therein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that are based on our beliefs, assumptions and expectations, as well as information currently available to us. Such forward-looking statements may be identified by the use of the words “anticipate,” “believe,” “estimate,” “expect,” “may,” “will,” “plan” and similar expressions. Such statements reflect our current views with respect to future events and are subject to certain risks and uncertainties. There are important factors that could cause our actual results, levels of activity, performance or achievements to differ materially from the results, levels of activity, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to:  the degree of our success in our plans to leverage our global footprint to grow our sales; the degree of our success in integrating the companies that we have acquired through the implementation of our M&A growth strategy; the lengthy development cycles for our solutions, which may frustrate our ability to realize revenues and/or profits from our potential new solutions; our lengthy and complex sales cycles, which do not always result in the realization of revenues; the degree of our success in retaining our existing customers or competing effectively for greater market share; the global macroeconomic environment, including headwinds caused by inflation, relatively high interest rates, potentially unfavorable currency exchange rate movements, and uncertain economic conditions, and their impact on our revenues, profitability and cash flows; difficulties in successfully planning and managing changes in the size of our operations; the frequency of the long-term, large, complex projects that we perform that involve complex estimates of project costs and profit margins, which sometimes change mid-stream; the challenges and potential liability that heightened privacy laws and regulations pose to our business; occasional disputes with clients, which may adversely impact our results of operations and our reputation; various intellectual property issues related to our business; potential unanticipated product vulnerabilities or cybersecurity breaches of our or our customers’ systems; risks related to the insurance industry in which our clients operate; risks associated with our global sales and operations, such as changes in regulatory requirements, wide-spread viruses and epidemics like the coronavirus epidemic,  and fluctuations in currency exchange rates; and risks related to our principal location in Israel and our status as a Cayman Islands company.
While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading “Risk Factors” in our Annual Report on Form 20-F for the year ended December 31, 2023, to be filed in the near future, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.

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