Middle East and Africa Current Sampling Resistance Market
No. of Pages: 101 | Report Code: TIPRE00023748 | Category: Electronics and Semiconductor
No. of Pages: 101 | Report Code: TIPRE00023748 | Category: Electronics and Semiconductor
The current sampling resistance market in the MEA includes Saudi Arabia, the UAE, South Africa, and the Rest of the MEA. The market for current sampling resistance in the Middle East region is growing slowly with increasing market for consumer electronics. The expansion of the consumer electronics market in the Middle East and Africa region has sparked strong competition among key companies in the sector. Owing to increasing tech-savvy population, tourism, and the launch of innovative lifestyle goods by manufacturers, the sector has experienced a favorable trend in recent years. Smart phones, tablets, and smart TVs are among the most popular products driving this growth. Major manufacturers have played a key role of meeting consumer demand for goods that provide better connection, performance, and speed, as well as improved quality. These goods are also more convenient to fit each home's lifestyle and specific demands. To meet this need, the demand customized electronic component demand is projected to rise during the forecast period, resulting in market expansion.
In case of COVID-19, MEA is highly affected especially Saudi Arabia. The UAE, Egypt, Morocco, and Kuwait are some of the other MEA countries that are facing the effects of COVID-19 pandemic. The majority of operations in the region have been suspended due to an increase in the number of cases in the region. In order to deal with the pandemic, countries have been compelled to redirect funds to improve their healthcare infrastructure. As a result, the demand for passive components in the electronic industry is dwindling. As a result, the COVID-19 pandemic is limiting the demand development of current sampling resistors in the Middle East and Africa.
Strategic insights for the Middle East and Africa Current Sampling Resistance provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 86.89 Million |
| Market Size by 2028 | US$ 108.10 Million |
| Global CAGR (2021 - 2028) | 3.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Current Sampling Resistance refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The MEA current sampling resistance market is expected to grow from US$ 86.89 million in 2021 to US$ 108.10 million by 2028; it is estimated to grow at a CAGR of 3.2% from 2021 to 2028. Electric vehicle adoption is increasing as a result of a combination of legislative support, battery technology and cost advancements, charging infrastructure, and new attractive models from automakers. Electrification is expanding to new areas of road transportation, paving the way for major changes in the near future. In 2020, two-third of new electric car registrations and two-thirds of the stock were battery electric vehicles (BEVs). As these resistors are used in various functions, such as body areas & cabin controls, lighting supplies, and engine management & ignition systems, the automotive manufacturers have paved the way for electronic component vendors as a result of the increasing adoption of electric vehicles across the region. Companies across MEA region are developing customized resistors for automotive applications in response to rising demand. For example, Viking Tech Corporation produces thin-film resistors that are excellent for automotive applications including engine management, headlight control, and acceleration skid control, among others. Hence, with the promising future of electric cars, demand for current detecting resistors is projected to increase during the forecast period for MEA region.
In terms of type, the thick film segment accounted for the largest share of the MEA current sampling resistance market in 2020. In terms of application, the industrial segment held a larger market share of the MEA current sampling resistance market in 2020.
A few major primary and secondary sources referred to for preparing this report on the MEA current sampling resistance market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Panasonic Corporation; ROHM CO., LTD.; Susumu Co., Ltd; TT Electronics; Viking Tech Corporation; and Vishay Intertechnology, Inc.
The Middle East and Africa Current Sampling Resistance Market is valued at US$ 86.89 Million in 2021, it is projected to reach US$ 108.10 Million by 2028.
As per our report Middle East and Africa Current Sampling Resistance Market, the market size is valued at US$ 86.89 Million in 2021, projecting it to reach US$ 108.10 Million by 2028. This translates to a CAGR of approximately 3.2% during the forecast period.
The Middle East and Africa Current Sampling Resistance Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Current Sampling Resistance Market report:
The Middle East and Africa Current Sampling Resistance Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Current Sampling Resistance Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Current Sampling Resistance Market value chain can benefit from the information contained in a comprehensive market report.
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