Scope of the Study
A thermistor is available in two types depending upon their temperature coefficient. For instance, resistance increases if temperature rises then the thermistor is called as NTC thermistor and the resistance decreases if the temperature rises then the thermistor is called PTC thermistors. Thermistors are made up by using ceramic or polymer, unlike pure metals. High demand for temperature sensors across all the verticals and increasing demand for thermistor due to its smaller size and durability are the main key drivers for the market. Additionally, high demand for the lightweight commercial vehicle due to low of the vehicles have been supplementing the growth of the market. However, availability of alternative for thermistor and limitation of thermistor such as self-heating, not suitable for large temperature ranges have been limiting the market. Moreover, continuously increasing demand from consumer electronics and high investment in R&D activities by manufacturers can create a big opportunity for the market in the coming years.
The market study is being classified by Type (Positive Temperature Coefficient (PTC) and Negative Temperature Coefficient (NTC)), by Application (Circuit Protection, Motor Drives, Power Supplies, Converters, Inrush Current Limiter Device, Heat-sink and Other) and major geographies with country level break-up. According to AMA, the Global Thermistor market is expected to see growth rate of 8.32% and may see market size of USD124.05 Million by 2024.
Panasonic (Japan), Vishay Intertechnology (United States), Amphenol Advanced Sensors (United States), AVX Corporation (United States), Littelfuse (United States), TE Connectivity Ltd (Switzerland), Murata Manufacturing (Japan), NIC Components Corp. (United States) and NXP Semiconductors (Netherland) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are TDK (Japan) and Raychem (United States).
The major players operating in the thermistor market such as Panasonic, Vishay Intertechnology, Amphenol Advanced Sensors, AVX Corporation, Littelfuse, TE Connectivity Ltd, and Maxim Integrated Products, among others. The market is dominated by these players, hence the market is consolidated. Thus, market concentration will be high.The Players having a strong hold in the market are Panasonic, Vishay Intertechnology, Amphenol Advanced Sensors, AVX Corporation, Littelfuse, TE Connectivity Ltd. Research Analyst at AMA predicts that United States and European Players will contribute to the maximum growth of Global Thermistor market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Thermistor market by Type, Application and Region.
On the basis of geography, the market of Thermistor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User Industry, the sub-segment i.e. Automotive will boost the Thermistor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material , the sub-segment i.e. Ceramic will boost the Thermistor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Demand for Temperature Sensors across all the verticals
- Increasing Demand for Thermistor due to its Smaller Size and Durability
Market Trend
- Rapidly Growing Automotive Industry and High Demand for Light Weight Commercial Vehicle Supplementing the Market
- Can Act as Alternative for Fuse and Other Electronic Sensors & Devices
Restraints
- High Competition from Alternative Sensors
Opportunities
- Continuously Increasing Demand from Consumer Electronics
Challenges
- A thermistor is Not Suitable for High-Temperature Range and Self Heating
Key Target Audience
Thermistor Manufacturers, Raw Material Suppliers, Distributors and Suppliers of Thermistor, Private Research Organization, Automotive Sensors Manufacturers and Others
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