SMD Shunt Resistor Market (Updated Version Available)

SMD Shunt Resistor Market Size, Share & Trends Analysis, By Sales Channel (Direct Sales, and Distributor Sales), By End User (Automotive, IT & Telecommunication, Consumer Electronics, and Others), By Region, Forecast Period-2023 - 2030

Report ID : RI_673902 | Date : June 2023 | Format : ms word ms Excel PPT PDF

This Report Includes The Most Up-To-Date Market Figures, Statistics & Data
Key Market Overview:

The SMD Shunt Resistor Market was valued at USD 1,147.91 Million in 2022, registering a CAGR of 4.2% during the forecast period (2023-2030), and the market is projected to be worth USD 1,580.57 Million by 2030.

SMD shunt resistor is a type of very low-resistance device that is primarily designed for measuring the flow of current in a circuit. SMD shunt resistors offer various benefits including precise current measurement, high thermal stability, electrical noise prevention, and protection of electronic circuits from overvoltage, among others. The aforementioned benefits of SMD shunt resistors are prime determinants for increasing its utilization in automotive, IT & telecommunication, consumer electronics, and other industries.

Factors including the increasing investments in automotive manufacturing facilities, rising automobile production, and growing trend for adoption of electric vehicles are among the key prospects driving the adoption of SMD shunt resistors. Additionally, the increasing application of SMD shunt resistors in consumer electronics and telecommunication sectors are significant factors driving the market growth.

In April 2023, ROHM launched its new metal plate shunt resistor with an ultra-low profile and 12W power rating. The shunt resistor is optimized for utilization in power modules in industrial equipment and automotive applications. The shunt resistor is designed with ROHM\'s vertically integrated production system along with material and process optimization in order to attain a minimum thickness of 0.03 inch. Therefore, the rising developments of advanced shunt resistors are further driving the growth of the market.

SMD Shunt Resistor Market Report Coverage:

Report AttributesReport Details
Study Timeline2017-2030
Market Size in 2030 (USD Million)1,580.57 Million
CAGR (2022-2030)4.2%
Base Year2022
By Sales ChannelDirect Sales and Distributor Sales
By End UseAutomotive, IT & Telecommunication, Consumer Electronics, and Others
By Geography
  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]

  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey]

  • North America [United States, Canada, Mexico]

  • Middle East & Africa [GCC, North Africa, South Africa]

  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Key PlayersKOA Corporation, ROHM CO. LTD., Vishay Intertechnology Inc., Panasonic, Walter Electronic Co. Ltd., TA-I Technology CO. LTD., TT Electronics, Viking Tech Corporation, TE Connectivity, Susumu International U.S.A., Ohmite Mfg Co., and Caddock Electronics Inc.


    Request Sample Now


    Market Dynamics:

    Driver:

    Rising utilization of SMD shunt resistors in automotive sector is driving the market growth

    The automotive industry is rapidly moving forward with the advent of electro-mobility and automation of automobiles, making vehicles part of the growing IoT landscape. SMD shunt resistors are primarily utilized in the automotive industry for applications including IGBT modules, power inverters, regenerative braking, battery current monitoring, and others. Moreover, the precise current measurement and high thermal stability of SMD shunt resistor makes it ideal for utilization in the automotive sector.

    Factors including the growing pace of industrialization, rising automobile production, advancements in autonomous driving systems, and increasing trend of EV adoption are among the major prospects driving the adoption of SMD shunt resistors. According to the International Organization of Motor Vehicle Manufacturers, the overall production of automobiles across the world reached 61.59 million in 2022, depicting an increase of 6% from 57.05 million in 2021. Thus, the rising automobile production is fostering the demand for SMD shunt resistors for its application in IGBT modules, power inverters, battery current monitoring, and others, in turn driving the growth of the market.

    Restraint:

    Instability in raw material prices is restraining the market growth

    The overall cost of SMD shunt resistors is primarily dependent on the cost of production, followed by the cost of raw materials such as ceramic, copper, manganese, and others used in the manufacturing of SMD shunt resistors. As a result, fluctuations in the prices of raw materials affect the overall cost of SMD shunt resistors is among a key factor limiting the growth of the market.

    For instance, according to the Knoema Corporation, the average price of copper reached approximately USD 10,512 per metric ton in May 2022, demonstrating a significant increase of 25.8% as compared to USD 8,357 in 2021. Additionally, according to Metalary, the average price of manganese has fluctuated from USD 1,660 per metric ton in 2016 to USD 2,060 per metric ton in 2018, depicting an increase of 24.1%. Hence, the instability in prices of raw materials including copper, manganese, and others that are used in the production of SMD shunt resistors is restraining the growth of the market.
    Semiconductor Laser Market Segmentation:

    img-global-smd-shunt-resistor-market-statistical-analysis



    By Sales Channel

    The sales channel segment is divided into direct sales and distributor sales.

    The distributor sales segment contributed to the largest revenue share in the year 2022. The distributor sales channel of SMD shunt resistors comprises of both offline and online modes. In the online mode, the SMD shunt resistors can be bought from e-commerce websites such as Amazon, eBay, Alibaba, and others. The offline mode includes the distribution of SMD shunt resistors through retail stores, specialist stores, and others. In addition, buying from a distributor also benefits the consumer to select the best product available in the market.

    For instance, KOA Corporation and Vishay Intertechnology Inc. are among few of the SMD shunt resistors manufacturers that offer a range of SMD shunt resistors for purchase through various e-commerce websites including Amazon, eBay, and others. Therefore, the increasing availability of SMD shunt resistors in online distributor sales channel is a prime factor proliferating the growth of the segment.

    Furthermore, factors including higher accessibility to a variety of products, ease of use, high flexibility, and a strong customer base are prime aspects driving the growth of distributor sales channel segment.

    Additionally, the direct sales segment is expected to grow steadily during the forecast period. In direct sales channel, products are sold directly to customers by the means of various physical outlets such as company outlets, and others. Moreover, the direct sales channel also comprises of an online mode, in which the manufacturers sell the products through its own company websites. Additionally, purchasing SMD shunt resistors from direct sales channel offers various benefits such as faster response time, higher product quality, competitive pricing, competitive pricing, and higher return on investments, which are primary factors increasing the purchase of SMD shunt resistors from direct sales channel.

    For instance, TE Connectivity is among the few SMD shunt resistors manufacturers that offer a range of SMD shunt resistors for direct purchase through company website. Therefore, the increasing availability of SMD shunt resistors in direct sales channels, owing to its above-mentioned benefits, is a key factor fostering the growth of the segment.

    Further, factors including the availability of targeted advertising, excellent support and warranty, and reliable shipping and return policies are key prospects driving the segmental growth of the direct sales channel.

    By End Use

    The end user segment is divided into automotive, IT & telecommunication, consumer electronics, and others.

    The automotive segment is accounted for the largest share in the SMD shunt resistor market in 2022. SMD shunt resistors are primarily used in the automotive industry for applications including power inverters, IGBT modules, battery current monitoring, and others. Moreover, the characteristics of SMD shunt resistors including high thermal stability, precise current measurement, and electrical noise prevention make it ideal for utilization in the aforementioned automotive applications.

    Additionally, factors including rising investments in automobile manufacturing facilities, increasing adoption of electric vehicles, and advancements in autonomous driving are among the key prospects fostering the growth of the automotive segment. According to the European Automobile Manufacturers Association (ACEA), the overall passenger car production in the Europe Union reached up to 10.9 million in 2022, witnessing a growth of 8.3% in contrast to 2021. Hence, the rising automotive production is driving the adoption of SMD shunt resistors, in turn contributing to the growth of the segment.

    By Region:

    The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The North American region is considered to contribute the largest revenue share in the year 2022. The growth of the market in the North American region is attributed to an increase in automobile production and the growing trend toward investments in the electric vehicle sector in the region, which is further fueling the demand for SMD shunt resistors. Moreover, North America has been a prime hub for companies related to autonomous vehicle manufacturing. The advent of automation and the rising adoption of SMD shunt resistors in power modules and electronic circuits of automobiles have been prevailing factors for the growth of the market in the North American region.

    For instance, according to the International Organization of Motor Vehicle Manufacturers, the overall automobile production in North America reached 14.79 million in 2022, witnessing a growth of nearly 10% from 13.46 million in 2021. The above factors are fostering the growth of the SMD shunt resistor market in the North American region. Further, the rising investments in IT & telecommunication and consumer electronics sectors are significant factors that are anticipated to drive the market growth in North America during the forecast period.

    img-report



    The Asia-Pacific region is anticipated to witness substantial growth during the forecast period. The growing pace of industrialization and development is promoting lucrative opportunities for market growth in the region. Additionally, factors including the growth of several industries including consumer electronics, IT & telecommunication, automotive, and others are fostering the market growth for SMD shunt resistors in the Asia-Pacific region.

    For instance, according to the India Brand Equity Foundation, the consumer electronics sector in India was valued at USD 9.84 billion in 2021, and it is anticipated to grow at a substantial rate to reach USD 21.18 billion by 2025. Therefore, the growing consumer electronics sector is driving the deployment of SMD shunt resistors for application in electronic circuits of smartphones, laptops, and consumer appliances, thereby boosting the market growth in the Asia-Pacific region.

    SMD Shunt Resistor Market Competitive Landscape:

    The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in research and development (R&D), product innovation, various business strategies, and application launches have accelerated the growth of the global SMD shunt resistor market. Key players in the market include-

    • KOA Corporation
    • ROHM CO. LTD.
    • Vishay Intertechnology Inc.
    • Panasonic
    • Walter Electronic Co. Ltd.
    • TA-I Technology CO. LTD.
    • TT Electronics
    • Viking Tech Corporation
    • TE Connectivity
    • Susumu International U.S.A.
    • Ohmite Mfg Co.
    • Caddock Electronics Inc.

    Recent Developments

    •In February 2022, TT Electronics launched a new series of SMT Kelvin Shunt low-resistance shunt resistors. The shunt resistors are designed for utilization in motor drives, power supply, and battery monitoring applications. This resistor series offers precise and high current capacity in automotive and other industrial applications.
    Select License
    Definitely, You Can Buy it! 30% Discount !
    Single user : $3860   5514
    Multi user : $5460   7800
    Corporate user : $7460   10657
    Buy Now

    Secure SSL Encrypted

    Immediate Delivery Available
    Reports Insights
    Why Choose Us
    Guaranteed Success

    Guaranteed Success

    We gather and analyze industry information to generate reports enriched with market data and consumer research that leads you to success.

    Gain Instant Access

    Gain Instant Access

    Without further ado, choose us and get instant access to crucial information to help you make the right decisions.

    Best Estimation

    Best Estimation

    We provide accurate research data with comparatively best prices in the market.

    Discover Opportunitiess

    Discover Opportunities

    With our solutions, you can discover the opportunities and challenges that will come your way in your market domain.

    Best Service Assured

    Best Service Assured

    Buy reports from our executives that best suits your need and helps you stay ahead of the competition.

    Customer Testimonials

    Reports Insights have understood our exact need and Delivered a solution for our requirements. Our experience with them has been fantastic.

    MITSUI KINZOKU, Project Manager

    I am completely satisfied with the information given in the report. Report Insights is a value driven company just like us.

    Privacy requested, Managing Director

    Report of Reports Insight has given us the ability to compete with our competitors, every dollar we spend with Reports Insights is worth every penny Reports Insights have given us a robust solution.

    Privacy requested, Development Manager

    Select License
    Definitely, You Can Buy it! 30% Discount !
    Single user : $3860   5514
    Multi user : $5460   7800
    Corporate user : $7460   10657
    Buy Now

    Secure SSL Encrypted

    Reports Insights
    abbott Mitsubishi Corporation Pilot Chemical Company Sunstar Global H Sulphur Louis Vuitton Brother Industries Airboss Defence Group UBS Securities Panasonic Corporation