Potentiometer Market
Market Insights on Potentiometer covering sales outlook, demand forecast & up-to-date key trends
Potentiometer Market by Product Type, Technology, Application, End Use & Region - Forecast 2022 - 2032
Potentiometer Market Snapshot
The global potentiometer market is estimated to exceed a valuation of US$ 1.7 Bn by 2022, expanding at a CAGR of 5% to 6% during the forecast period 2022-2032. The demand for potentiometers is estimated to total US$ 2.6 Bn by the end of 2032, in comparison to the US$ 1.6 Bn registered in the year 2021. The digital potentiometers are projected to remain highly sought-after, exhibiting sales growth at a CAGR of 4% to 5% between 2022 and 2032.
Report Attribute |
Details |
Potentiometer Market Base Year Value (2021) |
US$ 1.6 Billion |
Potentiometer Market Expected Value (2022) |
US$ 1.7 Billion |
Potentiometer Market Anticipated Value (2032) |
US$ 2.6 Billion |
Potentiometer Market Projected Growth Rate (2022-2032) |
5% to 6% CAGR |
Digital Segment Projected Growth Rate (2022-2032) |
4% to 5% CAGR |
Potentiometers are electronic instruments used to determine the electromotive force. These instruments have three-terminal resistors having resistance that form an adjustable voltage divider, enabling them to control the movement and flow of the electric current. They are also used for measuring the displacement of current in any direction.
Which are Some Key Opportunities Elevating the Growth in the Potentiometer Market
Potentiometers are gaining huge popularity across diverse industries owing to their ability to provide assistance in temperature extremes, freedom from vibration or shock, and the capability to control current in a closed-loop. These electronic instruments are finding a wide range of applications across consumer electronics healthcare, aerospace & defense, home appliances, telecommunication, and other industries.
In addition to this, the introduction of novel potentiometers with higher linearity, excellent reliability, better temperature stability, long operational life, and other attributes is projected to bolster the sales in the global market.
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What are the Challenges Creating Difficult Roads for Potentiometer Market Growth
High cost of potentiometers and increasing availability of low-cost, portable, and direct measurement instruments such as voltmeter is hindering the demand in the global market. In addition to this, slow operation, low accuracy, limited bandwidth, and high chances of wear and friction due to the sliding of wipers across the resistive elements are further restraining the sales of potentiometers in the market.
Why is North America Capturing the Maximum Revenue Share in the Global Potentiometer Market
North America is estimated to emerge as the most lucrative market potentiometer during the forecast period 2022-2032, reveals FMI.
There is a swift rise in sales of automotive vehicles across North America, on account of increasing customer spending on comfort traveling and growing introduction of novel automobiles with innovative features. For instance, according to the Bureau of Transportation Statistics, nearly 2.56 Mn passenger cars and 9 Mn commercial vehicles were reported to be sold across the U.S. in 2020.
As potentiometers are extensively used as throttle position sensors to regulate the speed of the car, this rise in sales of automotive vehicles is estimated to spur the demand in the North America market.
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Talk to AnalystHow is Europe Contributing to the Growth of the Potentiometer Market
Future Market Insights states that Europe is anticipated to account for a significant share in the global potentiometers market between 2022 and 2032.
Demand for potentiometers is surging at a rapid pace, owing to the increasing adoption across consumer electronics and automotive industries for various applications such as sensor trimming, calibration, and audio level control for matching line impedances. Hence, leading players are emphasizing on launching novel products to cater to the growing demand.
For instance, in 2019, TT Electronics, a U.K.-based manufacturer of electronic components announced introducing new PSM Series of miniature slide potentiometers that offer space-saving, durable, long-life performance at affordable cost for medical, consumer electronics, audio, and industrial applications. A multiplicity of such new product launches are projected to accelerate the sale potentiometer in the Europe market.
Market Competition
Some of the leading players in the potentiometer market are Microchip Technology Inc, Parallax Inc, Renesas Electronics Corporation, Texas Instruments, Maxim Integrated Analog Device, Tangio Printed Electronics, Omeg Limited, Everson Technology Ltd., Nidec Copal Electronics, Panasonic, TT Electronics, Taiwan Alpha Electronic, ON Semiconductor, and others.
Leading players in the global potentiometer market are aiming at launching high performance products and capacity expansion to gain edge in the highly competitive market

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Report Scope
Report Attribute |
Details |
Growth Rate |
CAGR of 5% to 6% from 2022 to 2032 |
Base Year for Estimation |
2021 |
Historical Data |
2015-2020 |
Forecast Period |
2022-2032 |
Quantitative Units |
Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
Report Coverage |
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered |
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Regions Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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Customization |
Available Upon Request |
Key Segments Profiled in the Potentiometer Industry Survey
By Product Type:
- Rotary
- Linear
- Plastic Film
- Carbon Film
- Wire Wound
By Technology Type:
- Digital
- Analog
By Application Type:
- Televisions
- Computers
- Measuring Devices
- Calibrators & Tuners
By End Use:
- Automotive
- Consumer Electronics
- Aerospace & Defense
- Healthcare
- Telecommunication
- Home Appliances
- Others
By Region:
- North America
- Latin America
- Europe
- CIS & Russia
- APEJ
- Japan
- Middle East and Africa
Frequently Asked Questions
FMI projects the demand for potentiometer market to expand at around 5% to 6% value CAGR over the forecast period 2022-2032
The potentiometer market is dominated by North America, and this trend is projected to continue for the assessment period.
Microchip Technology Inc, Parallax Inc, Renesas Electronics Corporation, Texas Instruments, Maxim Integrated Analog Device, Tangio Printed Electronics, Omeg Limited, Everson Technology Ltd., Nidec Copal Electronics, Panasonic, TT Electronics, Taiwan Alpha Electronic, ON Semiconductor, and others are some prominent potentiometer manufacturer.
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