The global thermistor temperature sensor market is anticipated to grow at a CAGR of 5.4% during the forecast period (2024-2031). Thermistors find application in various industries, including automotive, consumer electronics, healthcare and medical devices, industrial manufacturing, in addition to aerospace and defense. They are utilized for temperature monitoring and thermal management purposes, ensuring optimal performance, efficiency, and safety in a wide range of applications. The market’s growth is attributed to the industry demand for precision and efficiency. Temperature sensors with high precision and fast response times are in high demand in industries such as healthcare, automotive, aerospace, and industrial manufacturing. The development of specialized thermistors to satisfy these needs helps to expand the market. For instance, in March 2023, Variohm EuroSensor, launched a new NTC thermistor aimed for mid-range temperature measurement since high accuracy and rapid response times are essential. The thermistor’s 1.1mm diameter x 5mm long tube design, encapsulated in black STYCAST 2850FT thermally conductive epoxy, provides maximum moisture protection and beneficial thermal transfer for a 0.5s response time in liquids and its small tip size allows for simple integration in measurement instruments and equipment.
Furthermore, the demand for advanced thermistors that can be easily integrated into smaller packages without compromising accuracy is driven by the trend towards miniaturization in electronics and the need for compact yet accurate sensors. Bondable NTC thermistors effectively cater to this demand, allowing for precise temperature measurement in confined spaces. In September 2023, TDK Corp. launched new NTCWS series of NTC thermistors using Au wire bonding. These bondable NTC thermistors can be contributed within the package with Au wire bonding for highly accurate temperature measurement of laser diodes (LDs) used in optical communication.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Type
- By End-User
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- includes Honeywell International Inc., KOA Corp., Littelfuse, Inc., Microchip Technology Inc., Mitsubishi Materials Corp., and others.
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)
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Thermistor Temperature Sensor Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Honeywell International Inc.
- KOA Corp.
- Littelfuse, Inc.
- Microchip Technology Inc.
- Mitsubishi Materials Corp.
- Murata Manufacturing Co., Ltd
- NIC Components Corp.
- Ohizumi Mfg. Co., Ltd.
- Panasonic Corp.
- Semtech Corp.
- SHIBAURA ELECTRONICS Co. Ltd.
- TDK Corp.
- TE Connectivity Ltd.
- Texas Instruments Inc.
- WINBOND ELECTRONICS CORP.
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