Global NTC Thermistors Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global NTC Thermistors Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global NTC Thermistors market finds that the global NTC Thermistors market reached a value of USD 892.13 million in 2022. It’s expected that the market will achieve USD 1423.63 million by 2028, exhibiting a CAGR of 8.1% during the forecast period.

Market Opportunities

With the development of science and technology, the requirement for the accuracy of temperature measurement and control is increasing, and the use environment is more rigorous. The demand for NTC thermistors with high accuracy and reliability is also increasing. The organizational error deviation of NTC thermistors is within 20% atmosphere, and it should have good reliability, long-term stability and interchangeability. Therefore, the lightweight, miniaturized and surface mounting technology of electronic equipment can not only greatly improve the quality of component installation, but also improve the efficiency of NTC thermistor production and reduce the cost.

Market Challenges

The disadvantage of thermistors is usually that only self-heating is a design consideration. Appropriate care must be taken to limit the sensing current to a sufficiently low value that minimizes the autothermal error to an acceptable value. Nonlinearity can be solved by software or circuit. Faults caused by moisture are encapsulated in glass.

Region Overview:

United States dominated the NTC Thermistors market in 2022, with a market share of 24.76%.

Company Overview:

Shibaura Electronics Co., Ltd is one of the major players operating in the NTC Thermistors market, holding a share of 7.87% in 2023.

Shibaura Electronics Co., Ltd

Shibaura Electronics Co.,Ltd. manufactures and sells thermistor elements, and products utilizing thermistor elements in Japan and internationally. The company offers temperature sensors, humidity sensors, temperature controllers, anemometers, etc.

TDK Corporation

TDK Corporation, together with its subsidiaries, manufactures and sells electronic components in Japan, Europe, China, Asia, the Americas, and internationally. The company operates through Passive Components, Sensor Application Products, Magnetic Application Products, Film Application Products, and Other segments.

Segmentation Overview:

By type, Radial Type segment accounted for the largest share of market in 2022.

Application Overview:

In the NTC Thermistors market, 30.64% of the total value was generated through the Home Appliance segment by application in 2022.

Key Companies in the global NTC Thermistors market covered in Chapter 3:

Littelfuse, Inc
Amphenol Advanced Sensors
Lattron
Mitsubishi Materials Corporation
Shibaura Electronics Co., Ltd
SEMITEC Corporation
TE Connectivity Ltd
Panasonic Corporation
Murata Manufacturing Co., Ltd
JOYIN CO., LTD
TDK Corporation
Nanjing Shiheng Electronics Co.,Ltd
Vishay Intertechnology
AVX Corporation
Tewa Temperature Sensors
Thinking Electronic Industrial Co.,Ltd

In Chapter 4 and Chapter 14.2, on the basis of types, the NTC Thermistors market from 2018 to 2029 is primarily split into:

Radial Type
Diode Type
Wire Bonding Type
Film Type
SMD Type

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the NTC Thermistors market from 2018 to 2029 covers:

Consumer Electronics
Medical Instruments
Automotive
Home Appliance
Industrial Equipment

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)