NTC thermistor (negative temperature coefficient thermistor) is a resistance device made from semiconductor materials. Its core characteristic lies in the relationship between its resistance value and temperature: as the temperature increases, its resistance value decreases, and vice versa. This characteristic makes NTC thermistors widely used in temperature detection and control.
Overview of Market Development
The global NTC thermistor market is in a dynamic and opportunity-filled stage of development. With the advancement of technology and the diversification of applications, the demand for NTC thermistors is increasing in consumer electronics, industrial equipment, aerospace, and defense fields.
According to our research data, the global NTC thermistor market revenue is expected to reach $1023 million in 2024, an increase of 7.37% compared to 2023. In the future, with the continuous emergence of new materials and processes, the performance of NTC thermistors will be significantly improved. This not only meets the market's demand for higher-performance products but also brings broader development space to the market. It is expected that by 2029, the global NTC thermistor market revenue will continue to increase to $1411 million.
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the global NTC thermistor market is low. The data shows that the total revenue of the NTC thermistor market for the top 3 companies in the industry in 2024 is estimated to be $201 million, with an estimated total revenue share of 19.64%. The top three companies are Shibaura Electronics Co., Ltd., TDK Corporation, and TE Connectivity Ltd. Their estimated NTC thermistor market revenue in the global market in 2024 is 7.96%, 6.71%, and 4.97%, respectively.
Global NTC Thermistor Market Revenue Forecast and Competitive Landscape
Source: www.globalmarketmonitor.com
Analysis of Downstream Application Pattern
From the perspective of downstream application patterns, the application of NTC thermistors involves multiple fields such as consumer electronics, medical devices, automobiles, household appliances, and industrial equipment. Among them, the home appliance industry is the largest downstream application market, with an estimated application share of 30.40% in 2024.
Market Analysis of Major Regions/Countries
From a regional perspective, the global NTC thermistor market is mainly concentrated in North America, Europe, and the Asia Pacific region. Among them, the European and American markets are relatively mature, while the Asia Pacific market has an extremely fast growth rate. From a national perspective, China is the world's largest revenue country for NTC thermistors, with an estimated market revenue of $205 million in 2024 and an expected market share of 20.04%.
Global NTC Thermistor Market Revenue and Market Share Forecast by
Application and Region/Country in 2024
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|
Market Revenue (Million USD)
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Market Share
|
|
Segmented by Application
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|
Consumer Electronic
|
2.18
|
21.31%
|
|
Medical Device
|
1.29
|
12.61%
|
|
Automobile
|
2.31
|
22.58%
|
|
Household Appliance
|
3.11
|
30.40%
|
|
Industrial Equipment
|
1.34
|
13.10%
|
|
Segmented by Region/Country
|
|
North America
|
2.53
|
24.73%
|
|
Europe
|
2.18
|
21.31%
|
|
China
|
2.05
|
20.04%
|
|
Japan
|
1.39
|
13.59%
|
|
South Korea
|
0.72
|
7.04%
|
|
Southeast Asia
|
0.32
|
3.13%
|
|
Others
|
0.62
|
6.06%
|
Source:
www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global NTC thermistor Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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