| Product Code: ETC5112293 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Grenada`s chip resistor import market in 2024 continues to be dominated by key players such as the USA, Mexico, China, Puerto Rico, and the UK. Despite a significant negative compound annual growth rate (CAGR) of -24.38% from 2020 to 2024, there was a remarkable growth spurt in 2024 with a growth rate of 99.83% compared to the previous year. The High Herfindahl-Hirschman Index (HHI) indicates a persistently high market concentration, suggesting a competitive landscape among the top exporting countries. This dynamic market scenario highlights the evolving trends and opportunities in the chip resistor import sector for Grenada.
By 2027, the Chip Resistor market in Grenada is anticipated to reach a growth rate of 2.78%, as part of an increasingly competitive North America region, where United States of America remains at the forefront, supported by Canada, Trinidad and Tobago, Jamaica and Bahamas, driving innovations and market adoption across sectors.

The Grenada Chip Resistor Market supports the electronics industry by providing essential components for circuit boards. The market is driven by demand for compact and high-performance resistors in consumer electronics, automotive, and industrial applications.
The Chip Resistor Market in Grenada is expanding with the growing demand for miniaturized, reliable, and precise electronic components in consumer electronics, telecommunications, and automotive applications. The increased use of digital devices and electric vehicles, combined with the need for efficient and durable resistors, is a key factor contributing to the markets growth.
The chip resistor market is growing in Grenada alongside the rise of electronic products. However, sourcing quality components and managing supply chain logistics are key challenges.
Government support for the electronics and semiconductor industry is a key driver of the chip resistor market in Grenada. Policies focusing on skill development and research in electronics have provided a solid foundation for growth. Tax incentives for electronic component manufacturing and compliance with international standards have further bolstered this sector.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Grenada Chip Resistor Market Overview |
3.1 Grenada Country Macro Economic Indicators |
3.2 Grenada Chip Resistor Market Revenues & Volume, 2021 & 2031F |
3.3 Grenada Chip Resistor Market - Industry Life Cycle |
3.4 Grenada Chip Resistor Market - Porter's Five Forces |
3.5 Grenada Chip Resistor Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Grenada Chip Resistor Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Grenada Chip Resistor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electronic devices and components, driving the need for chip resistors. |
4.2.2 Technological advancements leading to the development of more efficient and compact chip resistors. |
4.2.3 Growing adoption of IoT devices and automotive electronics requiring chip resistors for circuit protection and signal conditioning. |
4.3 Market Restraints |
4.3.1 Price volatility of raw materials used in chip resistor manufacturing affecting production costs. |
4.3.2 Intense competition among chip resistor manufacturers leading to pricing pressures. |
4.3.3 Global economic uncertainties impacting consumer spending on electronic devices and consequently chip resistor demand. |
5 Grenada Chip Resistor Market Trends |
6 Grenada Chip Resistor Market Segmentations |
6.1 Grenada Chip Resistor Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Grenada Chip Resistor Market Revenues & Volume, By Thick Film, 2021-2031F |
6.1.3 Grenada Chip Resistor Market Revenues & Volume, By Thin Film , 2021-2031F |
6.1.4 Grenada Chip Resistor Market Revenues & Volume, By Others, 2021-2031F |
6.2 Grenada Chip Resistor Market, By End Use |
6.2.1 Overview and Analysis |
6.2.2 Grenada Chip Resistor Market Revenues & Volume, By Automotive & Transportation, 2021-2031F |
6.2.3 Grenada Chip Resistor Market Revenues & Volume, By Consumer Electronics, 2021-2031F |
6.2.4 Grenada Chip Resistor Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.5 Grenada Chip Resistor Market Revenues & Volume, By IT & Telecommunication, 2021-2031F |
6.2.6 Grenada Chip Resistor Market Revenues & Volume, By Others, 2021-2031F |
7 Grenada Chip Resistor Market Import-Export Trade Statistics |
7.1 Grenada Chip Resistor Market Export to Major Countries |
7.2 Grenada Chip Resistor Market Imports from Major Countries |
8 Grenada Chip Resistor Market Key Performance Indicators |
8.1 Average lead time for chip resistor production to gauge manufacturing efficiency. |
8.2 Rate of new product development to assess innovation and market relevance. |
8.3 Percentage of defective chip resistors to monitor quality control processes. |
8.4 Customer satisfaction index to measure market perception and brand loyalty. |
8.5 Environmental sustainability metrics in chip resistor manufacturing processes. |
9 Grenada Chip Resistor Market - Opportunity Assessment |
9.1 Grenada Chip Resistor Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Grenada Chip Resistor Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Grenada Chip Resistor Market - Competitive Landscape |
10.1 Grenada Chip Resistor Market Revenue Share, By Companies, 2024 |
10.2 Grenada Chip Resistor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |