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Thermistors Market
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Thermistors Market

Author: Chandra Mohan - Sr. Industry Consultant, Report ID - DS1202039, Published - January 2025

Segmented in Product Type (NTC, PTC), End-User Application (Consumer Electronics, Industrial Equipment, Aerospace & Defense), Material Composition, Packaging and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

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Global Thermistors Market Outlook

Thermistors may be unassuming devices but they are making a significant impact in our everyday lives by seamlessly fitting into a wide range of applications across different sectors. The market, for Thermistors was estimated at $20.3 billion in 2024. It is anticipated to increase to $26.1 billion by 2030 with projections indicating a growth to around $32.3 billion by 2035. This expansion represents a compound annual growth rate (CAGR) of 4.3% over the forecast period. Their widespread use is driven by their potential to bring about innovation not only just in electronic gadgets and appliances but also in automotive technology and other emerging fields, like renewable energy and the IOT (IoT). This showcases their ability to improve and boost performance in a variety of applications.


Thermistors are resistors that exhibit a shift in resistance based on temperature variations. They are known for their accuracy, reliability and quick response suitable, for temperature monitoring and control purposes.


Market Size Forecast & Key Insights

2019
$20.3B2024
2029
$30.9B2034

Absolute Growth Opportunity = $10.6B

The Thermistors market is projected to grow from $20.3 billion in 2024 to $30.9 billion in 2034. This represents a CAGR of 4.3%, reflecting rising demand across Temperature Sensing and Control, Battery Charge Regulation and Circuit Protection.

The Thermistors market is set to add $10.6 billion between 2024 and 2034, with manufacturer targeting Industrial Equipment & Aerospace & Defense End-User Application projected to gain a larger market share.

With Increasing demand for consumer electronics, and Advancements in automotive technology, Thermistors market to expand 52% between 2024 and 2034.

Opportunities in the Thermistors Market

Innovation in IoT Devices

The growing popularity of IOT presents an opportunity for advancement, in technology usage and functionality worldwide. Thermistors are temperature sensors that can improve the effectiveness and dependability of these devices which could lead to increased use across various sectors and industries.

Market Expansion in Electric Vehicles and Augmented Demand in Consumer Electronics

The increasing interest in cars indicates a possible increase in the need for thermistors. Electronic components crucial for managing battery systems and maintaining ideal temperatures for efficient operation within these vehicles systems This emerging trend in the electric vehicle sector may open up new opportunities, for suppliers of thermistors to delve into.

The continuous development and expansion, in the consumer electronics sector present an opportunity for thermistor products to tap into the market further with the rise of smart homes trend where these devices can be utilized in appliances and systems to enhance performance and safety measures.

Growth Opportunities in North America and Europe

Europe Outlook

In Europe's thermistor market is greatly impacted by the automobile industry on the continent. European automakers continue to seek top notch thermistors for different temperature sensing needs in their vehicles. Despite this demand competition is not only as intense as in North America due to product standards and quality requirements. There are growth opportunities in creating thermistors tailored for the renewable energy sector—especially in wind and solar power applications where these devices are vital, for temperature monitoring and regulation.

North America Outlook

In North America's thermistors market competition is fierce due to the presence of global players, in electronics industry. High tech manufacturing and industrial automation sectors have driven market growth as they increasingly require temperature controlling devices. However the market is challenging with established companies investing in research and development to create thermistors. Yet new entrants have opportunities to enter with cost efficient solutions despite the tough competition.

North America Outlook

In North America's thermistors market competition is fierce due to the presence of global players, in electronics industry. High tech manufacturing and industrial automation sectors have driven market growth as they increasingly require temperature controlling devices. However the market is challenging with established companies investing in research and development to create thermistors. Yet new entrants have opportunities to enter with cost efficient solutions despite the tough competition.

Europe Outlook

In Europe's thermistor market is greatly impacted by the automobile industry on the continent. European automakers continue to seek top notch thermistors for different temperature sensing needs in their vehicles. Despite this demand competition is not only as intense as in North America due to product standards and quality requirements. There are growth opportunities in creating thermistors tailored for the renewable energy sector—especially in wind and solar power applications where these devices are vital, for temperature monitoring and regulation.

Growth Opportunities in North America and Europe

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : United States, China, Japan, Germany, South Korea are expected to grow at 3.0% to 4.0% CAGR

2

Emerging Markets : Vietnam, Brazil, South Africa are expected to grow at 4.7% to 6.0% CAGR

Market Analysis Chart

Thermistors are widely used in industries due to their flexibility and suitability for different applications. They play a role in regulating electrical resistance based on temperature in sectors, like automotive, aerospace and consumer electronics. Manufacturers often opt for thermistors because of their cost effectiveness compared to temperature sensors. This cost efficiency helps them maintain functionality and accuracy while keeping expenses down.

Recent Developments and Technological Advancement

December 2024

Honeywell International Inc has introduced a latest line of high tech thermistors designed to withstand harsh environmental conditions better than before. This development is set to strengthen the companys position in key industries, like aerospace and HVAC that are experiencing high demand.

September 2024

Panasonic Corporation has revealed plans to increase their production capacity for thermistors in response to the growing market demand, in the electric vehicles industry.

June 2024

Texas Instruments Incorporated introduced a series of ultra sensitive thermistors that promise to provide outstanding temperature sensing capabilities, for improved accuracy and dependable measurements.

In years there has been notable growth in the market for thermistors. A of resistor sensitive to temperature. Due to advancements in technology and increased use across different industries with varying applications The significant advancement is the incorporation of thermistors into IOT devices which has led to their utilization in areas such, as HVAC control systems household appliances and medical equipment.

Impact of Industry Transitions on the Thermistors Market

As a core segment of the Electrical & Electronics industry, the Thermistors market develops in line with broader industry shifts. Over recent years, transitions such as Emergence of Smart Technology and Rise of Green Energy Applications have redefined priorities across the Electrical & Electronics sector, influencing how the Thermistors market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Emergence of Smart Technology:

The thermistor sector is experiencing a shift as smart technology becomes more prevalent in theindustry'slandscape. The adoption of devices is leading to improved user experiences and operational efficiency in the thermistor market particularly with the rise of smart thermostats. The utilization of the IOT has paved the way for advancements, in product innovation enabling enhanced supervision and performance analysis.

2

Rise of Green Energy Applications:

The thermistor market is experiencing a shift towards renewable energy sources as more and more industries embrace green energy technologies like wind turbines and solar panels that depend on precise temperature monitoring provided by thermistors for effective operation. The increasing demand from the energy sector has created new opportunities, for businesses dealing with thermistors.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Electrical & Electronics industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Electrical & Electronics industry cascade into the Thermistors market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Increasing Demand for Consumer Electronics

The increasing need for thermistors in consumer electronics like air conditioners and refrigerators is also driving the market forward because of their ability to detect temperature shifts and ensure device safety. Thermistors are also commonly used in these devices to prevent other issues making them essential, in the industry. The consumer electronics sector is also seeing expansion worldwide indirectly supporting the growth of the thermistor market.
In times there have also been notable technological progressions in the automotive sector with thermistors proving to be instrumental in driving these advancements forward. These devices find application in areas within vehicles such as monitoring engine coolant temperature and measuring air intake temperatures. As the industry shifts towards smarter and electric vehicles the demand, for thermistors is also expected to rise significantly thereby fuel the market growth further.

Restraint: Technological Limitations

One key obstacle for Thermistors is their constraints. Though Thermistors are very sensitive and provide temperature readings; they perform best in a specific temperature range only. This limits their use to settings without temperatures and hinders market growth. Alternatives are chosen by organizations needing sensors, for temperature ranges. This curbs the growth of the Thermistors market.

Challenge: Market Saturation and High Competition

A significant obstacle hindering the growth of Thermistors in the market is the saturation and fierce competition in the industry as there are temperature sensing technologies such, as RTDs and thermocouples also vying for market share.

Supply Chain Landscape

Raw Material Acquisition

TDK Corporation

Murata Manufacturing Co

Material Processing & Manufacturing

Vishay Intertechnology

NXP Semiconductors

Distribution & Sales
TE Connectivity / Honeywell International
End-User Applications
Automotive / Aerospace and Defence / Consumer Electronics
Raw Material Acquisition

TDK Corporation

Murata Manufacturing Co

Material Processing & Manufacturing

Vishay Intertechnology

NXP Semiconductors

Distribution & Sales

TE Connectivity

Honeywell International

End-User Applications

Automotive

Aerospace and Defence

Consumer Electronics

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Leading Providers and Their Strategies

Application AreaIndustryLeadingProvidersProvider Strategies
Temperature Sensing
Electronics
Siemens AG
Development of technologically advanced and precise thermistors with high durability and reliability
Automotive Systems
Automotive
TE Connectivity Ltd.
Investment in R&D for decreased size and increased response speed of thermistors for automotive applications
Fire Alarms
Security Systems
Honeywell International Inc.
Concentration on building fire safety solutions, including heat-detecting thermistors, for a wide range of environments

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Thermistors market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Thermistors in Temperature Sensing and Control and Battery Charge Regulation and Circuit Protection

Temperature Sensing and Control and Battery Charge Regulation

Thermistors play a role in monitoring and regulating temperatures across various industries like consumer electronics and automotive sectors as well as in aerospace and biomedical fields. Their ability to accurately sense temperature changes makes them stand out in ensuring temperature control. Honeywell is a known industry leader, in pushing the boundaries of thermistor technology for these specific applications.



Thermistors play a role in battery technology by controlling the flow of charging currents in lithium ion batteries used in devices such as laptops and smartphones as well, as electric cars.

Circuit Protection

Thermistors are commonly employed for safeguard in circuits. This is particularly important in power supply units, transformers, and other electronic devices susceptible to failure or harm due to varying currents. These thermistors identify surges in currents caused by temperature shifts to avert device overheating. The notable aspect of thermistors, in this context is their reaction time and reset capability offering enhanced protection. Texas Instruments stands out as a contributor known for its cutting edge thermistors used in circuit safety measures.

Thermistors vs. Substitutes:
Performance and Positioning Analysis

Thermistors are preferred for their temperature measurements compared to RTDs and thermocouples that prioritize range over precision in certain applications, like climate control systems.

Thermistors
  • Resistive Temperature Detectors /
  • Thermocouples /
  • infrared temperature sensor
    High sensitivity to temperature changes, broad temperature range usage
    Non-linear response, variable resistance-temperature characteristics
    High sensitivity, wide temperature range
    Limited lifespan, low accuracy in extreme conditions

Thermistors vs. Substitutes:
Performance and Positioning Analysis

Thermistors

  • High sensitivity to temperature changes, broad temperature range usage
  • Non-linear response, variable resistance-temperature characteristics

Resistive Temperature Detectors / Thermocouples / infrared temperature sensor

  • High sensitivity, wide temperature range
  • Limited lifespan, low accuracy in extreme conditions

Thermistors are preferred for their temperature measurements compared to RTDs and thermocouples that prioritize range over precision in certain applications, like climate control systems.

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Research Methodology

This market research methodology defines the Thermistors market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Electrical & Electronics ecosystem, we analyze Thermistors across Consumer Electronics, Industrial Equipment, and Aerospace & Defense Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:


We benchmark competitors such as Panasonic Corporation, Vishay Intertechnology Inc, and Murata Manufacturing Co. Ltd by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Acquisition, Material Processing & Manufacturing, and Distribution & Sales. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Electrical & Electronics revenues to estimate the Thermistors segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Acquisition (TDK Corporation, Murata Manufacturing Co), Material Processing & Manufacturing (Vishay Intertechnology, NXP Semiconductors), and Distribution & Sales. Our parallel substitute analysis examines Resistive Temperature Detectors, Thermocouples, and infrared temperature sensor, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Panasonic Corporation, Vishay Intertechnology Inc, and Murata Manufacturing Co. Ltd, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Thermistors market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Thermistors Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 21.2 billion
Revenue Forecast in 2034USD 30.9 billion
Growth RateCAGR of 4.3% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 202420.3 billion
Growth OpportunityUSD 10.6 billion
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 202420.3 billion USD
Market Size 202723.0 billion USD
Market Size 202925.1 billion USD
Market Size 203026.1 billion USD
Market Size 203430.9 billion USD
Market Size 203532.3 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredProduct Type, End-User Application, Material Composition, Packaging
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledPanasonic Corporation, Vishay Intertechnology Inc, Murata Manufacturing Co. Ltd, TDK Corporation, KOA Corporation, Cantherm, Texas Instruments Incorporated, Qingdao TIGER Technology Co. Ltd, Shenzhen DXM Technology Co. Ltd, Amphenol Advanced Sensors, Semitec Corporation and Guangdong Uchi Technology Co. Ltd
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Thermistors Market Size, Opportunities & Strategic Insights, by Product Type

4.1NTC
4.2PTC
Chapter 5

Thermistors Market Size, Opportunities & Strategic Insights, by End-User Application

5.1Consumer Electronics
5.2Industrial Equipment
5.3Aerospace & Defense
Chapter 6

Thermistors Market Size, Opportunities & Strategic Insights, by Material Composition

6.1Metal Oxide
6.2Polymer
Chapter 7

Thermistors Market Size, Opportunities & Strategic Insights, by Packaging

7.1Through-Hole
7.2Surface-Mount
Chapter 8

Thermistors Market, by Region

8.1North America Thermistors Market Size, Opportunities, Key Trends & Strategic Insights
8.1.1U.S.
8.1.2Canada
8.2Europe Thermistors Market Size, Opportunities, Key Trends & Strategic Insights
8.2.1Germany
8.2.2France
8.2.3UK
8.2.4Italy
8.2.5The Netherlands
8.2.6Rest of EU
8.3Asia Pacific Thermistors Market Size, Opportunities, Key Trends & Strategic Insights
8.3.1China
8.3.2Japan
8.3.3South Korea
8.3.4India
8.3.5Australia
8.3.6Thailand
8.3.7Rest of APAC
8.4Middle East & Africa Thermistors Market Size, Opportunities, Key Trends & Strategic Insights
8.4.1Saudi Arabia
8.4.2United Arab Emirates
8.4.3South Africa
8.4.4Rest of MEA
8.5Latin America Thermistors Market Size, Opportunities, Key Trends & Strategic Insights
8.5.1Brazil
8.5.2Mexico
8.5.3Rest of LA
8.6CIS Thermistors Market Size, Opportunities, Key Trends & Strategic Insights
8.6.1Russia
8.6.2Rest of CIS
Chapter 9

Competitive Landscape

9.1Competitive Dashboard & Market Share Analysis
9.2Company Profiles (Overview, Financials, Developments, SWOT)
9.2.1Panasonic Corporation
9.2.2Vishay Intertechnology Inc
9.2.3Murata Manufacturing Co. Ltd
9.2.4TDK Corporation
9.2.5KOA Corporation
9.2.6Cantherm
9.2.7Texas Instruments Incorporated
9.2.8Qingdao TIGER Technology Co. Ltd
9.2.9Shenzhen DXM Technology Co. Ltd
9.2.10Amphenol Advanced Sensors
9.2.11Semitec Corporation
9.2.12Guangdong Uchi Technology Co. Ltd