South America PTC Thermistor Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type [Ceramic PTC (Barium Titanate) and Polymer PTC (Carbon Doped Polymer)], by Mode (Self Heating Mode and Sensor Mode), and by Application (Telecommunication

South America PTC Thermistor Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type [Ceramic PTC (Barium Titanate) and Polymer PTC (Carbon Doped Polymer)], by Mode (Self Heating Mode and Sensor Mode), and by Application (Telecommunications and Networking, Automotive System, Industrial Electronics, Consumer Electronics and Home Appliances, Medical Instruments, and Others)

The PTC thermistor market in SAM is expected to grow from US$ 19.81 million in 2021 to US$ 25.90 million by 2028; it is estimated to grow at a CAGR of 3.9% from 2021 to 2028.

The PTC thermistor market in South America is segmented into Brazil and Argentina. The Rest of South American countries consist of Chile, Peru, and Uruguay. Rising disposable income among the masses, coupled with favorable government policies, are the prime factors contributing to the growth of the consumer electronics sector in SAM. Furthermore, the adoption of 5G network across the region is creating a huge opportunity for the development of the PTC thermistor market players to provide more enhanced products. The growing telecommunication sector would assist in driving the demand for PTC thermistors as well. The adoption of temperature sensors will help boost the use of PTC resistors and other resistor products.

In addition to the growing telecommunication industry, coupled with the rising use of temperature sensors, the adoption of resistors is witnessing an upward trend. For example, Telema Group, the parent company of Cressall, has expanded its presence in South America. Since the demand for resistor technology in renewable energy applications in South American countries has increased drastically, the company has decided to expand its presence in this region. Moreover, the process of energy transmission is becoming much easier in this region due to the potential for using resistor technology in both solar and wind power industries. With a surge in focus on decreasing dependency on oil & gas, the penetration of resistor technology is expected to endure with gaining its acceptance in the region. Therefore, the PTC thermistor market in SAM is projected to flourish in the coming years with the ongoing developments in the telecommunications sector, 5G, temperature sensors, and renewable energy applications in the region.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM PTC thermistor market at a good CAGR during the forecast period.

SAM PTC Thermistor Market Revenue and Forecast to 2028 (US$ Million)

SAM PTC Thermistor Market Segmentation

By Type

Ceramic PTC (Barium Titanate) Polymer PTC (Carbon Doped Polymer) By Mode

Self-Heating Mode Sensor Mode By Application

Telecommunications and Networking Automotive System Industrial Electronics Consumer Electronics and Home Appliances Medical Instruments Others By Country

Brazil Argentina Rest of SAMSAM PTC Thermistor Market - Companies Mentioned

Amphenol Corporation Fuzetec Technology Co. Ltd. General Electric Company KRIWAN Industrie-Elektronik Gmb H Littelfuse, Inc Murata Manufacturing Co., Ltd. NXP Semiconductors TDK Corporation TE Connectivity Corporation Texas Instruments Incorporated Vishay Intertechnology, Inc.

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