Global NTC Thermistors for Automotive Market Size growth, trend, opportunity and forecast 2023–2030

2 min readApr 15, 2024

Global NTC Thermistors for Automotive Market

The NTC Thermistors for Automotive Market is expected to grow from USD 1.80 Billion in 2022 to USD 4.40 Billion by 2030, at a CAGR of 11.30% during the forecast period.

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Global NTC Thermistors for Automotive Market Size

NTC Thermistors for Automotive are temperature sensing devices used in various automotive applications like temperature sensors and power management systems. The market is segmented based on type such as Radial Type, Diode Type, SMD Type, and Other types. The market is segmented based on application such as Automotive Temperature Sensor, Automotive Power Management System, and Other applications. The market is segmented based on region such as North America, Asia Pacific, Middle East, Africa, Australia and Europe. The market players include BetaTHERM Corporation, GE Sensing & Inspection Technologies, Honeywell Sensing and Control, Hyper-Sense Technology, Ishizuka Electronics Corporation, KOA CORP, Lattron Company, Mitsubishi Materials Corporation, Murata Manufacturing Company, Ohizumi Manufacturing, Panasonic Electronic Devices, Shibaura Electronics, Tateyama Kagaku Industrial, TDK, Thinking Electronic Industrial, VISHAY INTERTECHNOLOGY. The regulatory and legal factors specific to market conditions include emission norms, safety standards, and government policies, which affect the demand for NTC Thermistors in the automotive industry.

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Global NTC Thermistors for Automotive MarketKey Players

BetaTHERM Corporation
GE Sensing & Inspection Technologies
Honeywell Sensing and Control
Hyper-Sense Technology
Ishizuka Electronics Corporation

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Global NTC Thermistors for Automotive Market Segment Analysis

Another key driver for the market is the rising demand for high-performance sensors with enhanced accuracy, reliability, and long-term stability. The automotive industry is witnessing a shift toward the adoption of advanced sensor technologies, and NTC thermistors are preferred over other sensor types due to their stable long-term performance and high sensitivity in the temperature range of -40°C to 125°C.

However, the market is facing challenges in terms of the cost of production, which increases due to the complexity in the manufacturing process of NTC thermistors. Moreover, the fluctuating raw material prices, along with increasing competition from other temperature sensor technologies, could also hamper the market growth to some extent.

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