The Thick Film Resistor Market is projected to grow at a CAGR 4.12% rate during the forecast period. The market is primarily driven by the increasing demand for high performance electrical and electronic products, increasing adoption of 4G networks, and advanced technologies in automotive industry.

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Asia Oceania is expected to account for the largest market share during the forecast period. The growth is attributed to the presence of a large number of automotive and consumer electronics manufacturers in this region. Moreover, the upcoming smart cities projects in Asia Oceania countries, which are inclusive of commercial and residential projects that demand electrical products like switchgears, energy meters, smart meters, and industrial machinery, would drive the shunt resistor market in this region.

The prominent players in the Global Thick Film Resistor Market are Yageo (Taiwan), KOA Corporation (Japan), Panasonic (Japan), Vishay (US), ROHM Semiconductor (Japan), TE Connectivity (Switzerland), Bourns (US), Viking Tech Corporation (Taiwan), TT Electronics (UK).

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