Global Negative Temperature Coefficient (NTC) Thermistor Market Size By Type, By Application, By Geographic Scope And Forecast

Negative Temperature Coefficient (NTC) Thermistor Market Size And Forecast

Negative Temperature Coefficient (NTC) Thermistor Market size was valued at USD 15.287 Billion in 2024 and is projected to reach USD 32.437 Billion by 2031, growing at a CAGR of 9.86% from 2024 to 2031.

Emerging technologies in the realm of consumer electronics, such as flexible printed circuit boards, are also contributing to the market’s growth. The Global Negative Temperature Coefficient (NTC) Thermistor Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Negative Temperature Coefficient (NTC) Thermistor Market Definition

Thermistors are semiconductor-based resistors with a resistance that varies dramatically with temperature. Thermistors having a negative temperature coefficient (NTC) are non-linear resistors that change resistance with temperature. The NTC thermistor is a radial leaded disc with a resistance that lowers as the temperature rises. The NTC thermistor is used to control, measure, and compensate for temperature. When compared to other temperature sensors, NTC thermistors have superior electrical noise immunity, a simple two-wire connection method, the ability to extend the temperature range with specific construction, tight tolerances, and a variety of physical forms.

The resistance vs temperature characteristic of NTC thermistors is used to sense temperature with minimum power dissipated in zero power sensing applications. Temperature measurement is a typical application for NTC thermistors, and it is utilized in low-cost temperature measuring. End-user applications such as automotive, domestic appliances, industrial, and consumer applications are categorized in the worldwide Negative Temperature Coefficient (NTC) Thermistor Market. Frost sensors, laser diode temperature detection in automobile CD players, airbag electronic systems, air-conditioning systems, engine temperature control, transmission air temperature control, and in-lead temperature control are some of the automotive uses.

Air conditioning, central heating systems, washing machines and dishwashers, cookers and deep-fat fryers, and refrigerators and freezers are among the residential appliance applications. Video and audio equipment, ink-jet printer head temperature detection, fire alarms, process control, contrast control in flat LCD panel displays, camcorders, and mobile phones, temperature protection in charging systems, battery management, and heating and ventilation are among the industrial and consumer applications. Due to the increasing rise of consumer electronics such as curved televisions, the worldwide Negative Temperature Coefficient (NTC) Thermistor Market revenue is dominated by the industrial and consumer applications sector.

Global Negative Temperature Coefficient (NTC) Thermistor Market Overview

The downsizing of components in electronic devices has increased as the use of digital electronics has grown. This necessitates the use of a high-precision thermistor to control the devices and ensure that they are constantly monitored. Emerging technologies in the realm of consumer electronics, such as flexible printed circuit boards, are also contributing to the market’s growth. Flexible printed circuits allow electronic devices to be interconnected on a flexible plastic substrate such as polyimide (PI), removing the requirement to construct a device that fits the circuit board. The NTC thermistor is preferred in these technologies because of its efficiency in high-tech circuits while taking up little space.

The expanding trend of automation has been acknowledged as one of the industry’s most important developments, with global sensor usage increasing at a rapid rate across all verticals. This is predicted to have an impact on thermistors’ demand. NTC thermistors lead the Thermistors Market, which operates with high-volume ceramic semiconductor manufacturing and caters to a variety of subsidized end users, including automotive, military, oil and gas, food and drinks, and healthcare, among others. “The Thermistor Market is dominated by NTC type, which has a share of around 70%, while PTC has a share of around 30%,” according to Murata Manufacturing Co. Ltd.

Furthermore, recent developments in manufacturing techniques have practically eradicated the disadvantages of traditional NTC and PTC thermistors, such as aging, interchangeability, and unreliability. Moreover, as the need for portable communication devices grows, so does the demand for NTC thermistors. PTC thermistors, which operate as overcurrent protection for various motors, are also projected to see demand surges as more industrial plants employ smart motors. Furthermore, with the implementation of COVID-19, businesses will be unable to export their products or import raw materials for production, as the majority of materials used in the manufacture of electronic components are manufactured in China. In certain places, electronics businesses’ partners are also slashing orders by 30-50 percent.

The global demand for connected and autonomous vehicles is expanding as a result of technology advancements in the automotive sector, and suppliers are responding by providing solutions tailored to the industry. For example, Texas Instruments upgraded its temperature sensing portfolio in February 2020 to include linear thermistors, which give up to 50% greater accuracy than NTC thermistors. It is also one of the smallest linear thermistors currently available on the market. Temperature sensors in automotive units must withstand a variety of hostile environments, and several manufacturers in the market are creating solutions to meet these industrial needs.

Global Negative Temperature Coefficient (NTC) Thermistor Market Segmentation Analysis

The Global Negative Temperature Coefficient (NTC) Thermistor Market is Segmented on the basis of Type, Application, And Geography.

Negative Temperature Coefficient (NTC) Thermistor Market, By Type

• Consumer Electronics• Medical Instruments• Automotive• Home Appliance• Industrial Equipment• Aerospace And Défense

Based on Type, The market is bifurcated into Consumer Electronics, Medical Instruments, Automotive, Home Appliance, Industrial Equipment, and Aerospace And Defense. Consumer Electronics dominates the market as negative temperature coefficient finds its major application in this area followed by automotive and industrial equipment.

Negative Temperature Coefficient (NTC) Thermistor Market, By Application

• Radial Type• Diode Type• Wire Bonding Type• Film Type• SMD Type• Wire Type• Chip In Glass Type

Based on Application, The market is bifurcated into Radial Type, Diode Type, Wire Bonding Type, Film Type, SMD Type, Wire Type, and Chip In Glass Type. Radial and Diode Type are most widely used due to their wide usage.

Negative Temperature Coefficient (NTC) Thermistor Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Geography, the Global Negative Temperature Coefficient (NTC) Thermistor Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. During the forecast period, The shifting automotive scene in the Asia-Pacific region is driving up demand for thermistors, as several countries adopt electric transportation options. China sold 51,000 battery electric vehicles, 20,000 plug-in hybrid electric vehicles, and 73 fuel-cell vehicles in April 2020, according to the China Association of Automobile Manufacturers (CAAM).

Key Players

The “Global Negative Temperature Coefficient (NTC) Thermistor Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Betatherm Corporation, U.S. Sensor, Guangdong Tonze Electric Company Limited, Sinochip Electronics Company Limited, Quality Thermistor Inc, Panasonic Corporation, Ohizumi Manufacturing Company Limited, Murata Manufacturing Company Limited, Mitsubishi Materials Corporation, Maida Development Company. 

The competitive landscape section also includes key development strategies, Market share, and Market ranking analysis of the above-mentioned players globally.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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