
Along with the monumental changes being perceived in the established systems such as ABS, engine control, new systems such as self-steering, car-to-car communications, self-parking and driver assistance are witnessing transformation that demand for an increased number of resistors. These actionable insights are according to the intelligence report, titled, "Chip Resistor Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2027," which has been of late added to Market Research Hub's (MRH) ever-expanding repository. Technological development in robotics, sensors, data capture have empowered organizations to make a giant leap to propel the efficiency of their supply chain, production and service. In addition, robust developments in robotics, software and telecommunication in automotive sector have fostered the need of chip resistors for smooth functioning of devices. Thin film technology counts on the deposition of a thin metallic coating onto a ceramic substrate. The soaring popularity of thin film resistors is mostly attributed to its high resistance feature which make them space-efficient and economical. However, thin film's vulnerability to failure owing to increased temperatures, chemical contamination and water vapor derail growth of the film. Nevertheless, thin film resistor is expected to grow at an impressive CAGR throughout the assessment period. Pertinent players in the chip resistor market are eying to outcompete their rivals through the roll out and expansion of novel products. In a bid to propel the core competency, Yageo Corporation, in November 2018, announced the roll out of SR High-power series—a new high-power anti-surge chip resistor. The SR High-power Series is known to be an apt solution for use in car electronics, telecommunication, power supplies and servers, namely.