Global NTC and PTC Thermistors Market Growth 2025-2031

Global NTC and PTC Thermistors Market Growth 2025-2031

The global NTC and PTC Thermistors market size is predicted to grow from US$ 1648 million in 2025 to US$ 2206 million in 2031; it is expected to grow at a CAGR of 5.0% from 2025 to 2031.

A thermistor is a thermally sensitive resistor generally composed of semiconductor materials, and its resistance varies significantly with temperature. Thermistors are economical and stable, and operate in the temperature range that covers the whole range necessary for ordinary temperature control. They therefore are used in a wide range of applications.

Global key players of NTC and PTC thermistors include TE Connectivity, Thinking Electronic, TDK, etc. China is the largest producer of NTC and PTC thermistors, holds a share about 50%, followed by North America, and Europe. In terms of product, NTC thermistor is the largest segment, with a share over 65%. And in terms of application, the largest segment is consumer electronics, with a share over 30%.

Technology upgrade and demand growth

Technical progress: With the continuous development of intelligent and integrated technology, the performance of thermistor continues to improve, and its application range is increasingly extensive. For example, compound thermistors in the medical field have both temperature measurement and biological detection functions, and have wide application prospects.

Demand growth: Thermistor as a temperature sensor, circuit protection, temperature compensation and other temperature sensing components, as well as heating components, in home appliances, communication units, industrial control systems, automotive electronics, medical equipment and other fields are widely used. With the rapid development and technological upgrading of these industries, the demand for high quality, high precision and high reliability thermistors continues to increase.

Electronic equipment and automotive industry needs

Popularity of electronic devices: With the popularity of electronic devices such as smartphones and tablets, the demand for electronic components such as thermistors is also increasing. These devices require high-precision temperature sensors to monitor the temperature and ensure the normal operation of the device and the user experience.

Automotive industry development: The automotive industry is one of the important application areas of thermistors. With the rise of electric vehicles and the continuous upgrading of automotive electronic systems, the demand for thermistors continues to grow. The thermistor is mainly used in the automobile for battery management, motor control, and temperature control in the car.

Growth in the medical device market

The demand for medical devices is also increasing, which will bring more opportunities to the thermistor market. Thermistor is mainly used in medical equipment for temperature measurement and temperature control of medical equipment, and its high-precision and high-reliability characteristics make it an indispensable key component in medical equipment.

Policy support and industrial upgrading

Policy support: The support policies of governments for the electronics industry, the automotive industry and the medical industry have also promoted the development of the thermistor market to a certain extent. For example, subsidy policies for new energy vehicles and procurement policies for medical equipment have indirectly promoted the growth of the thermistor market.

Industrial upgrading: With the acceleration of industrial transformation and upgrading, the demand for electronic components is also increasing. As one of the important electronic components, the market demand for thermistor will continue to grow with industrial upgrading.

LP Information, Inc. (LPI) ' newest research report, the “NTC and PTC Thermistors Industry Forecast” looks at past sales and reviews total world NTC and PTC Thermistors sales in 2024, providing a comprehensive analysis by region and market sector of projected NTC and PTC Thermistors sales for 2025 through 2031. With NTC and PTC Thermistors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world NTC and PTC Thermistors industry.

This Insight Report provides a comprehensive analysis of the global NTC and PTC Thermistors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on NTC and PTC Thermistors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global NTC and PTC Thermistors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for NTC and PTC Thermistors and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global NTC and PTC Thermistors.

This report presents a comprehensive overview, market shares, and growth opportunities of NTC and PTC Thermistors market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
NTC Thermistor
PTC Thermistor

Segmentation by Application:
Consumer Electronics
Medical Instruments
Automotive
Home Appliance
Industrial Equipment
Aerospace & Defense
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Thinking Electronic
TE Connectivity
Polytronics
TDK
Shibaura
Shiheng Electronics
Semitec Corporation
Vishay
Amphenol Advanced Sensors
Mitsubishi
Murata
Wayon
KYOCERA AVX
Fenghua Electronics
Bourns
Panasonic
Fuzetec
Lattron
Sea & Land
Ametherm
Keter
Littelfuse
Sinochip Electronics
E WAY Technology
EXSENSE Electronic
Tewa Temperature Sensors
TAYAO Technology
JOYIN
KOA
Elscott Manufacturing

Key Questions Addressed in this Report

What is the 10-year outlook for the global NTC and PTC Thermistors market?

What factors are driving NTC and PTC Thermistors market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do NTC and PTC Thermistors market opportunities vary by end market size?

How does NTC and PTC Thermistors break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.