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Variable Resistor Market (Type - Potentiometers, Rheostats, Photoresistors, Force Sensitive Resistors, and Humistors; End-user - Aerospace & Defense, Automotive, Industrial, Consumer Electronics, and Others; Application - Current Sensors, Potentiometers, and Temperature Sensors): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

Variable Resistor Market (Type - Potentiometers, Rheostats, Photoresistors, Force Sensitive Resistors, and Humistors; End-user - Aerospace & Defense, Automotive, Industrial, Consumer Electronics, and Others; Application - Current Sensors, Potentiometers, and Temperature Sensors): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

Report Code: ICT003080 Category: Electronics, ICT and Semiconductors Published: March, 2022

A recent report ongoing study by Infinium Global Research on the variable resistor market provides in-depth analysis of segments and sub-segments in the global as well as regional variable resistor market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional variable resistor market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global variable resistor market. According to the report, the global variable resistor market is projected to grow at a healthy CAGR over the forecast period of 2021-2027.

 

Market Insight

A variable resistor is a resistor through which the electric resistance value can be adjusted with its resistance via a third terminal located between two terminals so that the obstruction to the flow of current goes up and down. A variable resistor is in essence an electro-mechanical transducer and normally works by sliding contact over a resistive element. When a variable resistor is been used as a potential divider by using 3 terminals it is called a potentiometer. When two terminals are been used, it functions as a variable resistance which is called a rheostat. Electronically controlled variable resistors exist, that can be controlled electronically instead of by mechanical action. These resistors are called digital potentiometers. Variable resistors are also found in many household electronic products. Some of them include radios, speakers, microphones, TVs, oscillators, smart home control devices, etc. The COVID-19 outbreak had a significant impact on the global economy across the world. The outbreak of COVID-19 has brought effects on many aspects by directly affecting production activities and demand across various sectors, creating supply chain and market disruption, and by its financial impact on firms and financial markets. Due to the lockdown imposed by various governments, people were restricted to move out of their houses in order to stop the spread of this infectious disease in large numbers. Moreover, the ban on export activities and the shortage of raw materials due to boundary closures have created interruptions in the production of chip resistors, which has negatively impacted the market growth during the pandemic period

 

The onset of the financial crisis has led to a decline in production activities and has subsequently hampered market growth. Macroeconomic conditions such as the global recession and economic slowdown have adversely affected the market condition across the globe. The leading market players are investing heavily in research and development activities to improve the functionalities of wire-wound variable resistors. An abundance of opportunities is drawing more vendors for investing in the wire-wound variable resistors market. Fewer technology barriers, plenty of raw materials, and low set-up costs have accelerated the production of these resistors to drive market conditions. The growth of industry verticals such as food & beverage manufacturing units and wastewater management is also driving the integration of these resistors in many automation components of these industries

 

Among the regions, Asia Pacific accounted for the largest share in the global Variable Resistor Market. Due to the presence of several developing economic nations in this region. The availability of cost-efficient labor and highly skilled in countries such as India, Taiwan, and China is expected to boost the market growth. Moreover, an abundance of raw materials and their availability at cost-effective rates have led to large-scale offshore manufacturing of these resistors. However, the European region is anticipated to grow at the highest rate in the global Variable Resistor Market over the forecast period. The rising production of consumer electronics can be attributed as a major reason for market expansion in this region. Owing the presence of a good number of small vendors in the region is leading to intense competitive rivalry in the market of variable resistors market

 

Segment Covered

The report on the global variable resistor market covers segments such as type, end-user, and application. On the basis of type, the sub-markets include potentiometers, rheostats, photoresistors, force sensitive resistors, and humistors. On the basis of end-user, the sub-markets include aerospace & defense, automotive, industrial, consumer electronics, and others. On the basis of application, the sub-markets include current sensors, potentiometers, and temperature sensors.

 

Variable Resistor Market


Companies Profiled:

The report provides profiles of the companies in the market such as BEI Sensors, Dart Controls, Inc, State Electronics, Inc, TE Connectivity, Vishay Intertechnology, Inc, Novotechnik U.S. Inc, Hokuriku Electric Industry Co. Ltd, SRT Resistor Technology, Eisenmann Thermal Solutions GmbH & Co. KG, and Bourns, Inc.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the variable resistor market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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