The global MELF resistors market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. The MELF (Metal Electrode Leadless Face resistors) resistor is a tiny component of electronic device and it offers optimal power rating pulse load capability. However, they are moisture resistance and are able to operate at high level temperature up to around 1750 C. MELF resistors are made up of homogenous film of metal alloy, which deposited on a high-grade ceramic body.
Increasing demand for MELF resistors in various applications owing to its favorable properties expected to result in growth of the target market in the next few years. MELF resistors offer various properties including better performance, long term stability, reliability, moisture resistance, resistance, etc., as compared to other standard resistors. These properties of the product leading to high adoption of MELF resistors in numerous applications such as automotive, industrial, electronics, telecommunication, medical equipment, etc.
In addition, sales of commercial vehicles and various electronics products around the globe are other key factors expected to support growth of the target market. The rising integration of advanced electronics features in vehicles is expected to result in high demand for these resistors in the near future. Moreover, rising penetration of smartphones is leading to the higher demand of MELF resistors.
Corporate and private equity executives are now focusing on strategic mergers and acquisitions which is a key trend observed in the target market. For instance, in April 2015, Ohmite Manufacturing Company, a wholly-owned subsidiary of Heico Company, LLC, had acquired an England based company – ARCOL UK Ltd. This acquisition reinforces the global presence of Ohmite in the resistors market and builds a manufacturing presence in various countries in Europe to grow its business.
For detailed understanding of market dynamics, the global market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region is holds significant revenue share in the global MELF resistors market followed by the North America. This is owing to high presence of market players, presence of various automotive manufacturing plants in the region, and increasing focus on deployment of 5G network facilities and required infrastructure in countries in the regions. In addition, Asia Pacific region is expected to witness highest growth over the forecast period.
Scope of the Report:
Report Feature Details
Base Year: 2018
Projection Period: 2019-2029
Market Details: Total revenue and forecast, CAGR, Market value, share, and Y-o-Y growth by segment and region
Segment Covered: Type and Application
Region Covered: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Report Coverage: Market growth driving factors, challenges & pitfalls, opportunities, trends, key players analysis, and region analysis
Global MELF Resistors Market, By Type:
? MELF (MMB) 0207 L
? Mini MELF (MMA) 0204 L
? MicroMELF (MMU) 0102 L
Global MELF Resistors Market, By Application:
? Medical Equipment
Key Players Covered:
Key players operating in the market includes, Japan Resistor Manufacturing, Rohm, Cressall Resistors, Arcol, Murata, Ohmite, Precision Resistor Company, Ampcontrol Equipments, Telema, KOA Speer, Panasonic, HVR Pentagon, and TE Connectivity.
Key features of the study:
Foresight Market Research provides detailed analysis on global market in our report- Global MELF Resistors Market by type, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global MELF resistors market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.
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