North America Current Sampling Resistance Market Overview and Growth by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

North America Current Sampling Resistance Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Thick Film, Thin Film, and Metal Plate) and Application (Consumer Devices, Industrial, Telecommunication, Automotive, and Other Applications)

Report Date : Jul 2021
Report Code : TIPRE00023749

Category : Electronics and Semiconductor
Status : Published

Available Report Formats :
No. of Pages : 110

Page Updated: Jul 2021

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The North America current sampling resistance market is expected to grow from US$ 576.48 million in 2021 to US$ 809.83 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028.

The US, Canada, and Mexico are economies in North America. Rising production of consumer electronics is expected to fuel the market growth. Consumer electronics and appliance makers aim to increase production rates in the coming years due to increasing demand from region. According to a report by Care Ratings, consumer electronics production is expected to rise by 5%–8% in fiscal 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, demand for electronics components such as resistors and capacitors are 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. 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 the introduction of new technologies are also driving the demand for customized current sensing resistors. In addition to consumer electronics, wearables, smart speakers, home automation, connection technologies, and drones are contributing to the industry's growth across North America region.

In case of COVID-19, North America is highly affected specially the US. North America is known for the highest rate of adoption of advanced technologies due to favorable government policies to boost innovation and strengthen infrastructure capabilities. As a result, any factor affecting performance of industries in the region hinders its economic growth. Currently, the US is the world's worst-affected country due to the COVID-19 outbreak, which has led governments to impose several limitations on industrial, commercial, and public activities in the country, to control the spread of infection. Hence, the demand for passive components has steadily declined as a result of the suspension of operations in numerous industries, the closing of different production units, and people's unwillingness to enter the work force. Therefore, the COVID-19 epidemic and its repercussions have impacted the North America's current sampling resistance market in a negative manner.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America current sampling resistance market. The North America current sampling resistance market is expected to grow at a good CAGR during the forecast period.

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

North America Current Sampling Resistance Market Segmentation

North America Current Sampling Resistance Market – By Type

Thick Film
Thin Film
Metal Plate

North America Current Sampling Resistance Market – By Application

Consumer Devices
Industrial
Telecommunication
Automotive
Other Applications

North America Current Sampling Resistance Market, by Country

US
Canada
Mexico

North America Current Sampling Resistance Market -Companies Mentioned

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.

North America Current Sampling Resistance Report Scope

Report Attribute	Details
Market size in 2021	US$ 576.48 Million
Market Size by 2028	US$ 809.83 Million
Global CAGR (2021 - 2028)	5.0%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Type Thick Film Thin Film Metal Plate By Application Consumer Devices Industrial Telecommunication Automotive Other Applications
Regions and Countries Covered	North America US Canada Mexico
Market leaders and key company profiles	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.

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the North America Current Sampling Resistance Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

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