Global NTC Thermistors Market Size is Expected to Grow to $1423.36 Million by 2028

Global NTC Thermistors Market Overview

According to Global Market Monitor, the global NTC thermistors market size will reach $951.19 million by 2023 and is expected to grow to $1423.36 million by 2028.

A thermistor is a resister that is used for the measurement of the temperature. The advantages of using the NTC thermistor over others include a standard two-wire connection system, good electrical noise immunity, extension of temperature range with special construction, and temperature measurement applications.

With the development of science and technology, the requirement for the accuracy of temperature measurement and control is increasing, and the use environment is more rigorous. The demand for NTC thermistors with high accuracy and reliability is also increasing. The organizational error deviation of NTC thermistors is within 20% atmosphere, and it should have good reliability, long-term stability, and interchangeability. Therefore, the lightweight, miniaturized, and surface mounting technology of electronic equipment can not only greatly improve the quality of component installation, but also improve the efficiency of NTC thermistor production and reduce the cost.

The Growing Demand for Automobiles is Conducive to the Growth of the NTC Thermistor Market.

In recent years, there has been a massive demand for automobiles. Automobile units have certain other electronic devices integrated with them to enhance the overall experience such as CD players, frost sensors, airbag electronic systems, engine temperature control, and air conditioning systems. All these electronic devices have NTC thermistors in them to monitor the temperature of the device for smooth functioning. Therefore, the demand for automobiles in the market will lead the way for the growth of the NTC thermistor market.

Shibaura Electronics Co., Ltd is one of the major players operating in the NTC thermistors market, holding a share of 7.87% in 2022.The company manufactures and sells thermistor elements, and products utilizing thermistor elements in Japan and internationally as well as offers temperature sensors, humidity sensors, temperature controllers, anemometers, etc.

Company Name	Shibaura Electronics Co., Ltd
Website	www.shibauraelectronics.com
Established Time	1953
Plants Distribution	Asia
Sales Region	Worldwide
Product Introduction	Thermistors manufactured and supplied by Shibaura are all NTC thermistors and their resistance lowers as the temperature rises. Shibaura, with advantages in making specialty thermistors, is continuously providing many customers with high-quality products.