Global NTC Thermistors Market Growth 2023-2029

Global NTC Thermistors Market Growth 2023-2029

According to our (LP Info Research) latest study, the global NTC Thermistors market size was valued at US$ 611 million in 2022. With growing demand in downstream market and recovery from influence of COVID-19 and the Russia-Ukraine War, the NTC Thermistors is forecast to a readjusted size of US$ 747.2 million by 2029 with a CAGR of 2.9% during review period.

The research report highlights the growth potential of the global NTC Thermistors market. With recovery from influence of COVID-19 and the Russia-Ukraine War, NTC Thermistors are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of NTC Thermistors. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the NTC Thermistors market.

An NTC (Negative Temperature Coefficient) thermistor is a ceramic semiconductor made with various metal oxides. Their electrical resistance decreases with increasing temperature. A typical temperature range for existing ceramic negative temperature coefficient (NTC) thermistors is -80 degrees C to +300 degrees C. This resistance is processed by an electronic circuit to provide temperature measurement. The thermistor itself does not provide any control over heating elements, relays, etc. The thermistor is strictly a sensor and any electrical control would need to be implemented by the circuit utilizing the thermistor.

Conventional ceramic NTC thermistors have been employed in the marketplace for over 70 years; and dominate the thermistor market. The ceramic thermistors are comprised of a metal oxide mix annealed at high temperatures. Companies around the world have used this ceramic technology to produce billions of thermistors annually. Typically, NTC thermistor is the most popular and economic solution for various fields such as home appliance, automotive, telecommunication, computer, medical instruments, industrial sites, etc.

NTC (Negative Temperature Coefficient) Thermistors market is relatively fragmented with fierce competition. Thinking Electronic is the world leading player in global NTC Thermistors market with the market share of 16%, in terms of revenue, followed by Shibaura, TDK, Semitec Corporation, Mitsubishi, Vishay, Shiheng Electronics, AVX, Murata and Panasonic. The top 10 listed companies accounted for 69% of the revenue market share.

The penetration of NTC Thermistors has risen over the past few years in applications ranging from consumer electronics to automotive. Asia Pacific is the largest downstream regions, occupied about 71% of market share, in terms of volume.

The classification of Negative Temperature Coefficient Thermistor include Radial Type, Diode Type, Wire Bonding Type, Film Type, SMD Type, Wire Type and Chip in Glass Type. The market share of SMD Type is about 26%.

Negative Temperature Coefficient Thermistor's application are Consumer Electronics, Medical Instruments, Automotive, Home Appliance, Industrial Equipment, Aerospace & Defense and Others. The most proportion of Negative Temperature Coefficient Thermistor are 30% market shares.

Key Features:

The report on NTC Thermistors market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the NTC Thermistors market. It may include historical data, market segmentation by Type (e.g., Radial Type, Diode Type), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the NTC Thermistors market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the NTC Thermistors market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the NTC Thermistors industry. This include advancements in NTC Thermistors technology, NTC Thermistors new entrants, NTC Thermistors new investment, and other innovations that are shaping the future of NTC Thermistors.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the NTC Thermistors market. It includes factors influencing customer ' purchasing decisions, preferences for NTC Thermistors product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the NTC Thermistors market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting NTC Thermistors market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the NTC Thermistors market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the NTC Thermistors industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the NTC Thermistors market.

Market Segmentation:

NTC Thermistors market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Radial Type
Diode Type
Wire Bonding Type
Film Type
SMD Type
Wire Type
Chip in Glass Type

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 analyzing the company's coverage, product portfolio, its market penetration.
Thinking Electronic
Shibaura
TDK
Semitec Corporation
Mitsubishi
Vishay
Shiheng Electronics
AVX
Murata
Panasonic
Fenghua Electronics
Lattron
TE Connectivity
Ametherm
Amphenol Advanced Sensors
Littelfuse
Sinochip Electronics
E WAY Technology
EXSENSE Electronic
Tewa Temperature Sensors
TAYAO Technology
JOYIN
Elscott Manufacturing
KOA
Sen Tech
Mingjia Electric
Zhengli Group
UNIX TECH

Key Questions Addressed in this Report

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

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

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

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

How does NTC Thermistors break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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