Automotive Grade Thick Film Resistors Market Size Study and Analysis

Resistors are passive electronic components that regulate and limit current in electronic circuits. Thick film resistors are resistor pastes screen-printed on ceramic or metal oxide substrates and are ideally suited for applications requiring high precision, stability and reliability. Automotive grade thick film resistors are specifically designed to withstand the harsh environmental conditions found in vehicles.

The global automotive grade thick film resistors market was valued at USD 250 million in 2022 and is expected to grow at a CAGR of 6.2% from 2024-2027. Rapid electrification of vehicles and increasing adoption of advanced driver assistance, infotainment, and connectivity systems are driving the demand.

Some of the key factors driving the automotive grade thick film resistors market include:

Stringent emission standards: vehicles are integrating more electronic control modules to comply with stringent emission and fuel efficiency standards, thereby increasing the use of resistors.

Automated Driving Technology: Resistors play a vital role in LIDAR, radar, and ultrasonic sensor circuits that support advanced driver assistance systems (ADAS).

Connectivity: The integration of technologies such as Bluetooth, Wi-Fi, navigation and telematics is increasing the electronic content in vehicles, which is spurring the installation of resistors.

Harsh environment resilience: Automotive-grade resistors are specifically designed to withstand the high temperatures, vibration, humidity and other harsh operating conditions found in engine compartments.

In terms of application, the powertrain segment holds a major market share due to the extensive use of resistors in engine control units, transmission control modules, and other powertrain electronics. The body control and convenience segment is expected to witness higher growth due to increase in ADAS and infotainment devices.

Regionally, Asia Pacific dominates the global market supported by large automotive manufacturing centers and growing automotive production in China, India, Japan, and South Korea. Stringent emission standards further support the regional demand.

Key players offering automotive grade thick film resistors include Yageo, TE Connectivity, KOA Corporation, Vishay, Panasonic, Rohm, TT Electronics, Bourns, and others. Market players are focusing on new product launches, partnerships, and geographical expansion.

The long-term outlook for the automotive grade thick film resistors market remains positive due to the continued electrification of the global automotive landscape, growing adoption of ADAS, and increasing electronics content per vehicle.