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)
Market Introduction
The presence of the world’s leading economies such as the US is the key driver for the growth of the current sampling resistance market in the region. Current sensing resistors are made of silicon or germanium and are used in nearly all industrial activities, including systems that support North America's technical competitiveness and national security. Various authorities believe that semiconductor technology and fabrication are crucial to the US's economic and national security goals. The US semiconductor industry dominates several elements of the semiconductor supply chain, such as resistors, capacitors, and motors. Semiconductors are another major American export. Further, the consumer electronics sector in North America is growing owing to the rising demand from developing countries. From 2012 to 2019, the retail revenue of the consumer electronics (CE) market in the US rose steadily. Prior to the COVID-19 pandemic, sales were expected to reach more than US$ 420 billion by 2020. The updated projection predicted sales of under US$ 407 billion in July 2020, a small drop from 2019. Consumer electronics retail sales in the US hit US$ 442 billion in 2021, according to projections. Smartphones were the items with the highest retail revenue in the consumer electronics industry, accounting for US$ 79 billion revenue in 2020. As a result, North American countries are producing more electronics, resulting in an increased demand for current sensing resistors and other components.
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.
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Market Overview and Dynamics
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. Surging large scale commercialization of IoT and IIoT will escalate the North America market in coming years. The use of the Internet of Things (IoT) and IIoT is constantly rising at a fast pace. According to the New Eclipse Foundation's IoT Commercial Adoption report, over 40% of industry executives indicate their businesses are adopting IoT solutions now, while another 22% say they expect to use IoT in the next two years. Furthermore, the poll found that IoT expenditure will rise, with 40% of companies expected to spend more on IoT solutions between 2020 and 2021. Further, government agencies across North America region are launching projects to make use of IoT technology. Components are critical because they allow IoT products and applications to gather, analyze, and send real-world signals and data. The adoption of IoT creates favorable possibilities for component manufacturers, as well as indicating that component sale to expand exponentially in the upcoming years across North America region.
Key Market Segments
In terms of type, the thick film segment accounted for the largest share of the North America current sampling resistance market in 2020. In terms of application, the industrial segment held a larger market share of the North America current sampling resistance market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the North America current sampling resistance market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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; and Vishay Intertechnology, Inc.
Reasons to buy report
- To understand the North America current sampling resistance market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America current sampling resistance market
- Efficiently plan M&A and partnership deals in North America current sampling resistance market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America current sampling resistance market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
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 - 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.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Current Sampling Resistance Market – By Type
1.3.2 North America Current Sampling Resistance Market – By Application
1.3.3 North America Current Sampling Resistance Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Current Sampling Resistance Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Current Sampling Resistance Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Rising Production of Consumer Electronics
5.1.2 Increasing Prevalence’s of Electric Cars
5.2 Key Market Restraints
5.2.1 Accuracy Over a High Current Range
5.3 Key Market Opportunities
5.3.1 Surging Large Scale Commercialization of IoT and IIoT
5.4 Future Trends
5.4.1 Growing Use of High-density Mounting Resistors
5.5 Impact Analysis of Drivers and Restraints
6. Current Sampling Resistance Market – North America Analysis
6.1 North America Current Sampling Resistance Market Overview
6.2 North America Current Sampling Resistance Market – Revenue and Forecast to 2028 (US$ Million)
7. North America Current Sampling Resistance Market Analysis – By Type
7.1 Overview
7.2 North America Current Sampling Resistance Market Revenue Breakdown, By Type, 2020 and 2028
7.3 Thick film
7.3.1 Overview
7.3.2 Thick Film: Current Sampling Resistance Market- Revenue and Forecast to 2028 (US$ Million)
7.4 Thin Film
7.4.1 Overview
7.4.2 Thin Film: Current Sampling Resistance Market, Revenue and Forecast to 2028 (US$ Million)
7.5 Metal Plate
7.5.1 Overview
7.5.2 Metal Plate: Current Sampling Resistance Market- Revenue and Forecast to 2028 (US$ Million)
8. North America Current Sampling Resistance Market Analysis– By Application
8.1 Overview
8.2 North America Current Sampling Resistance Market Breakdown, By Application, 2020 and 2028
8.3 Consumer Devices
8.3.1 Overview
8.3.2 Consumer Devices: Current Sampling Resistance Market- Revenue and Forecast to 2028 (US$ Million)
8.4 Industrial
8.4.1 Overview
8.4.2 Industrial: Current Sampling Resistance Market- Revenue and Forecast to 2028 (US$ Million)
8.5 Telecommunication
8.5.1 Overview
8.5.2 Telecommunication: Current Sampling Resistance Market- Revenue and Forecast to 2028 (US$ Million)
8.6 Automotive
8.6.1 Overview
8.6.2 Automotive: Current Sampling Resistance Market- Revenue and Forecast to 2028 (US$ Million)
8.7 Other Applications
8.7.1 Overview
8.7.2 Other Applications: Current Sampling Resistance Market- Revenue and Forecast to 2028 (US$ Million)
9. North America Current Sampling Resistance Market – Country Analysis
9.1 Overview
9.1.1 North America Current Sampling Resistance Market Breakdown, by Country
9.1.1.1 US Current Sampling Resistance Market, Revenue and Forecast to 2028
9.1.1.1.1 US Current Sampling Resistance Market Breakdown, by Type
9.1.1.1.2 US Current Sampling Resistance Market Breakdown, by Application
9.1.1.2 Canada Current Sampling Resistance Market, Revenue and Forecast to 2028
9.1.1.2.1 Canada Current Sampling Resistance Market Breakdown, by Type
9.1.1.2.2 Canada Current Sampling Resistance Market Breakdown, by Application
9.1.1.3 Mexico Current Sampling Resistance Market, Revenue and Forecast to 2028
9.1.1.3.1 Mexico Current Sampling Resistance Market Breakdown, by Type
9.1.1.3.2 Mexico Current Sampling Resistance Market Breakdown, by Application
10. North America Current Sampling Resistance Market- COVID-19 Impact Analysis
10.1 North America
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 KOA Speer Electronics, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Panasonic Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 ROHM CO., LTD.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Samsung Electro-Mechanics Co, Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Cyntec Co., Ltd.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Susumu Co., Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 TT Electronics
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Viking Tech Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Vishay Intertechnology, Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Current Sampling Resistance Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Current Sampling Resistance Market, Revenue and Forecast To 2028 – By Country (US$ Mn)
Table 3. US Current Sampling Resistance Market, Revenue and Forecast to 2028 – By Type (US$ Mn)
Table 4. US Current Sampling Resistance Market, Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 5. Canada Current Sampling Resistance Market, Revenue and Forecast to 2028 – By Type (US$ Mn)
Table 6. Canada Current Sampling Resistance Market, Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 7. Mexico Current Sampling Resistance Market, Revenue and Forecast to 2028 – By Type (US$ Mn)
Table 8. Mexico Current Sampling Resistance Market, Revenue and Forecast to 2028 – By Application (US$ Mn)
Table 9. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Current Sampling Resistance Market Segmentation
Figure 2. North America Current Sampling Resistance Market Segmentation – By Country
Figure 3. North America Current Sampling Resistance Market Overview
Figure 4. Thick Film Type Held the Largest Market Share in 2020
Figure 5. Industrial Application Held the Largest Market Share in 2020
Figure 6. US was the Largest Revenue Contributor in 2020
Figure 7. North America– PEST Analysis
Figure 8. North America Current Sampling Resistance Market– Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. North America Current Sampling Resistance Market: Impact Analysis of Drivers and Restraints
Figure 11. North America Current Sampling Resistance Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Current Sampling Resistance Market Revenue Breakdown, by type, 2020 and 2028 (%)
Figure 13. North America Thick Film: Current Sampling Resistance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Thin Film: Current Sampling Resistance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Metal Plate: Current Sampling Resistance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Current sampling resistance Market Breakdown, By Application, 2020 and 2028 (%)
Figure 17. North America Consumer Devices: Current Sampling Resistance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Industrial: Current Sampling Resistance Market- Revenue and Forecast To 2028 (US$ Million)
Figure 19. North America Telecommunication: Current Sampling Resistance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Automotive: Current Sampling Resistance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Other Applications: Current Sampling Resistance Market- Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America: Current Sampling Resistance Market, by Key Country- Revenue (2020) (USD Million)
Figure 23. North America Current Sampling Resistance Market Breakdown, by Country, 2020 & 2028 (%)
Figure 24. US Current Sampling Resistance Market, Revenue and Forecast, 2018–2028 (US$ Mn)
Figure 25. Canada Current Sampling Resistance Market, Revenue and Forecast, 2018–2028 (US$ Mn)
Figure 26. Mexico Current Sampling Resistance Market, Revenue and Forecast, 2018–2028 (US$ Mn)
Figure 27. Impact of COVID-19 Pandemic in North American Countries
- 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.
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