Thermistor temperature sensor market is anticipated to grow at a CAGR of 5.4% during the forecast period (2024-2031). The market’s growth is attributed to the increase in the automotive industry across the globe. The combination of the increasing integration of electronic systems and the desire for improved accuracy and dependability in vehicle components, the automotive sector is the primary motivation for thermistor temperature sensors. The NTCLE350E4 is in complying with this trend, satisfying the severe standards of temperature monitoring in automobiles. For instance, in February 2021, Vishay Intertechnology has launched new AEC-Q200 qualified NTC thermistor with PEEK-insulated, nickel-iron (NiFe) leads and a low thermal gradient. The NTCLE350E4 is a high-temperature, high-accuracy thermistor intended for automobiles. The lowest thermal conductivity is provided by its Nife alloy conductor wire, rendering it perfect for engine sensors, HVAC, oil temperature sensors, transmission systems, and EGR systems.
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Among the type, the negative temperature coefficient sub-segment is expected to hold a considerable share of the global thermistor temperature sensor market. The segmental growth is attributed to the demand for electronics and consumer electronics. NTC thermistors serve a significant purpose in assuring the safe and efficient operation of products in the field of consumer electronics. The rising electronics market, in addition to the incorporation of temperature monitoring in gadgets and appliances, all contribute to the expansion of this sensor market. For instance, in September 2023, Littelfuse, introduced its standard, stocked supply of negative temperature coefficient (NTC) thermistor series. The thermistors detect and measure heat, convert it to electrical signals, and are utilized in a variety of applications such as HVAC, automation, battery management systems, automotive, medical equipment, and electronics.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Thermistor Temperature Sensor Market Report Segment
By Type
- Positive Temperature Coefficient (PTC)
- Negative Temperature Coefficient (NTC)
By End User
- Chemical and Petrochemical
- Power Generation
- Metal and Mining
- Automotive
- Oil and Gas
- Food and Beverage
- Life Sciences
- Aerospace and Military
- HVAC(Heating, Ventilation, Air Conditioning, and Refrigeration) Systems
- Others (Entertainment and Gaming Industry, Semiconductor and Renewable Energy Sector)
Global Thermistor Temperature Sensor Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global thermistor temperature sensor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies. Competitive strategies by identifying ‘who-stands-where’ in the market.
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