Film Resistor Market Film Resistor Market

Film Resistor Market Key Players, Trends, Growth Opportunities and Industry Forecast till 2023 “Growth in consumer electronics and automotive market is expected to boost the market growth during the forecast period. Rise in use of computers, smartphones, digital media and IT hardware is supplementing the market growth.” The global film resistor market is set to grow at a higher CAGR during the forecast period. A film resistor consists of a metal film, metal oxide, and carbon film. These are made by placing pure metals such as nickel, oxide film, and tin-oxide with an insulating ceramic rod or a substrate. The resistive value of the resistor is then controlled by the rise in thickness of deposited film. Commercially, metal film resistors and thick film resistors are widely used for industrial purpose. Film resistors have a good temperature stability, low noise and good voltage ratings. Film resistor market is driven by rise in investment by manufacturers for research and development to augment the efficiency of film resistors. Growth in consumer electronics and automotive market is expected to boost the market growth during the forecast period. Rise in use of computers, smartphones, digital media and IT hardware is supplementing the market growth. Apart, use of film resistors in automotive & electronics industry are more likely to fuel revenue generation in the aftermarket sales. However rise in production costs coupled with stringent rules and regulations in various countries impedes the market growth in the near future. The market is segmented as metals comprising nickel- chromium, chrome-cobalt, tantalum-nitride, hafnium diboride and chrome-silicide. Get Sample Copy of this Report @ https://www.millioninsights.com/industry-reports/film-resistor-market/request-sample