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Negative Temperature Coefficient (NTC) Thermistor Market Outlook – 2030
A thermistor is a resister that is used for the measurement of the temperature. Negative Temperature Coefficient (NTC) thermistor possesses a negative temperature coefficient, which means that the resistance of the thermistor decreases with the increase in temperature. The advantages of using the NTC thermistor over other temperature sensors include a standard two wire connection system, good electrical noise immunity, extension of temperature range with special construction, and temperature measurement applications.
Some of the applications of NTC thermistors are engine temperature control, air conditioning systems, washing machines, LCD panel displays, and many others. Panasonic Corporation and Honeywell International Inc. are the two major players in the negative temperature coefficient thermistor market.
The global negative temperature coefficient (NTC) thermistor market is segmented on the basis of product type, application, and region. Based on product type, the market is segregated into radial type, diode type, wire bonding type, film type, SMD type, wire type, and chip in glass type. In terms of application, the market is categorized into consumer electronics, medical instruments, home appliance, industrial equipment, aerospace & defense, automotive, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global negative temperature coefficient (NTC) thermistor industry include Panasonic Corporation, Honeywell International Inc., Texas Instruments Incorporated, Emerson Electric Company, ABB Ltd., Sincochip Electronics Company, Mitsubishi Materials Corporation, NXP Semiconductors, Microchip Technology Incorporated, ABB Limited, On Semiconductor, and Maxim Integrated. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global negative temperature coefficient (NTC) thermistor market.
Top Impacting Factors
With the advancement of technology in digital electronics, the miniaturization of components is essential. This triggers the need for components that are highly sensible and efficient. NTC thermistor is a tiny component that helps in sensing temperature and to send signal if the temperature exceeds the maximum limit. They are a miniature component, which has high sensitivity, accuracy, reliability, good heat resistance, and good performance when compared with silicon temperature sensors (silistors) and resistance temperature detectors (RTDs).
The benefits of NTC thermistor will drive the growth of the NTC thermistor market. The demand for various devices, such as mobile phones, laptops, LCD displays, printers, refrigerators, air conditioners, and many others, where the NTC thermistors are used as temperature monitors will lead the way for the growth of the negative temperature coefficient (NTC) thermistor market.
The restraining factor of the NTC thermistors is the response time. NTC thermistor takes a longer period of time in reacting to the change of temperature, which limits its scope of application. Therefore, the longer response time is one of the major factors that will hamper the growth of the negative temperature coefficient thermistor market.
Extensive Use of NTC Thermistor in the Automotive Industry
In the recent years, there has been a massive demand for automobile across the world. Automobile units have certain other electronics devices integrated with them to enhance the overall experience such as CD players, frost sensors, airbag electronic systems, engine temperature control, air conditioning system, and many others. All these electronic devices have NTC thermistor in them to monitor the temperature of the device for smooth functioning of the device. Therefore, the demand for automobiles in the market will lead the way for the growth of the negative temperature coefficient (NTC) thermistor market.
The Rise in Demand For Industrial and Consumer Application
With the advancement of technologies, there has been a significant rise in demand for certain industrial and consumer applications such as mobile phones, laptops, LCD panels, fire alarms, battery management systems, heating, and ventilation systems. In all these applications, NTC thermistors are being used to monitor the temperature and break the current flow when the temperature exceeds a certain limit for the purpose of cooling the device. Therefore, the increase in demand for industrial and consumer applications will foster the growth of the negative temperature coefficient (NTC) thermistor market.
Key Benefits of the Report
COVID-19 Scenario Analysis
The COVID-19 pandemic has been declared a global health emergency by the World Health Organization (WHO). The COVID-19 pandemic has affected most of the industries across the world due tostrict lockdowns and travel restrictions to control the COVID-19 pandemic outbreak. The NTC thermistor market had been negatively affected by the COVID-19 pandemic.
The COVID-19 pandemic has adversely affected the supply chain management systems, which negatively impacted the growth of the NTC thermistor market. Moreover, social distancing norms have forced manufacturing plants to operate with minimal workforce and that has led to the decrease in production of NTC thermistors. Ultimately, this has led to the decrease in growth of the negative temperature coefficient thermistor market.
Questions Answered in the Negative Temperature Coefficient (NTC) Thermistor Market Research Report
Key Market Segments
Key Market Players