Thermistor Temperature Sensor Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Global Thermistor Temperature Sensor Market is Segmented by Type (NTC, PTC), End-user Applications (Chemical and Petrochemical, Power Generation, Metal and Mining, Semiconductor), and Geography.

Thermistor Temperature Sensor Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Thermistor Temperature Sensor Market Size

Thermistor Temperature Sensor Market  Size
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
CAGR 7.50 %
Fastest Growing Market Latin America
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Thermistor Temperature Sensor Market Key Players

*Disclaimer: Major Players sorted in no particular order

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Thermistor Temperature Sensor Market Analysis

The Thermistor Temperature Sensor Market is expected to register a CAGR of 7.5% during the forecast period.

  • Temperature sensing has become the largest application market for thermistors in recent years, with thermistors becoming the second-most used temperature sensors in various industries. The market for thermistors is dominated by NTC thermistors and functions with high-volume ceramic semiconductor manufacturing, catering substantially to several subsidized end users, like automotive, military, oil and gas, food, and beverages, and healthcare, among others.
  • According to Murata manufacturing co. Ltd 'the thermistor market is dominated by NTC type, which has a share of about 70% and PTC has a share of about 30%.'
  • Moreover, with the recent advancements in manufacturing techniques, the shortcomings of conventional NTC and PTC thermistors, like aging, interchangeability, and unreliability, are almost eliminated. Further, the booming demand for portable communication appliances is pushing upwards, the demand of NTC thermistors. Also, with several industrial plants adopting smart motors, PTC thermistors are expected to witness demand spikes, as they act as overcurrent protection for different motors.
  • The emerging technologies catering to healthcare industries in major economies and the growing applications, like smart patient monitoring systems, are significant factors driving the growth of the thermistor market over the forecast period. The NTC thermistor probes in the healthcare sector are generally used as resistance thermometers.
  • Moreover, with the onset of COVID-19, enterprises can neither export their goods nor import raw materials for production because the majority of materials for the production of electronic components are made in China. Also, electronics companies' partners are cutting about 30-50% of orders in several regions.

Thermistor Temperature Sensor Industry Overview

The Thermistor Temperature Sensor Market is highly competitive owing to the presence of multiple big players in the market supplying their products in domestic and international markets. The market appears to be moderately concentrated with players adopting strategies like product innovation, mergers, and acquisitions to stay competitive. The key players are Panasonic Corporation, Texas Instruments Incorporated, Honeywell International Inc., Emerson Electric Company, among others. 

  • Feb 2020 - Texas Instruments expanded its temperature sensing portfolio with the addition of linear thermistors that will deliver up to 50% higher accuracy than the NTC thermistors. The higher accuracy of the product enables operation closer to the thermal limits of the other components and the overall system, primarily helping the engineers in maximizing performance while reducing bill-of-materials (BOM) and total solution cost.
  • Mar 2020 - TE Connectivity Ltd., a prominent industrial technology company with leading positions in the connectivity and sensing solutions, announced that it has completed the public takeover of First Sensor AG. The company now holds 71.87% shares of First Sensor.

Thermistor Temperature Sensor Market Leaders

  1. Mitsubishi Materials Corporation

  2. Honeywell International Inc.

  3. Emerson Electric Company

  4. Texas Instruments Incorporated

  5. Panasonic Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Panasonic Corporation, Texas Instruments Incorporated, Honeywell International Inc., Emerson Electric Company
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Thermistor Temperature Sensor Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Demand for Cost Effective and Improved Response Rate Sensors
    • 4.2.2 Growing Applications in Consumer Electronics and Connected Devices
  • 4.3 Market Restraints
    • 4.3.1 Unsuitability of Thermistors for Wide Temperature Range and Price Point of Raw Materials
  • 4.4 Industry Attractiveness - Porter's Five Force Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry
  • 4.5 Assessment of Impact of Covid-19 on the Industry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Positive Temperature Coefficient (PTC)
    • 5.1.2 Negative Temperature Coefficient (NTC)
  • 5.2 End-user Application
    • 5.2.1 Chemical and Petrochemical
    • 5.2.2 Power Generation
    • 5.2.3 Metal and Mining
    • 5.2.4 Semiconductor
    • 5.2.5 Automotive
    • 5.2.6 Oil and Gas
    • 5.2.7 Food and Beverage
    • 5.2.8 Life Sciences
    • 5.2.9 Aerospace and Military (includes Aviation)
    • 5.2.10 HVAC
    • 5.2.11 Other End-user Applications
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.2 Europe, Middle East & Africa
    • 5.3.3 Asia-Pacific
    • 5.3.4 Latin America

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Texas Instruments Incorporated
    • 6.1.2 Panasonic Corporation
    • 6.1.3 Emerson Electric Company
    • 6.1.4 Honeywell International Inc.
    • 6.1.5 KOA Corporation
    • 6.1.6 Lattron Company Limited
    • 6.1.7 Mitsubishi Materials Corporation
    • 6.1.8 Ohizumi Manufacturing Company Limited
    • 6.1.9 Shibaura Electronics Co. Ltd
    • 6.1.10 TE Connectivity
  • *List Not Exhaustive

7. INVESTMENT ANALYSIS

8. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Thermistor Temperature Sensor Industry Segmentation

A thermistor is a resistor whose resistance is dependent on temperature. Thermistor temperature sensors are mainly used as inrush current limiters. They are also used in temperature sensing devices, self-resetting overcurrent protectors, and self-regulating heating elements.

Type Positive Temperature Coefficient (PTC)
Negative Temperature Coefficient (NTC)
End-user Application Chemical and Petrochemical
Power Generation
Metal and Mining
Semiconductor
Automotive
Oil and Gas
Food and Beverage
Life Sciences
Aerospace and Military (includes Aviation)
HVAC
Other End-user Applications
Geography North America
Europe, Middle East & Africa
Asia-Pacific
Latin America
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Thermistor Temperature Sensor Market Research FAQs

What is the current Thermistor Temperature Sensor Market size?

The Thermistor Temperature Sensor Market is projected to register a CAGR of 7.5% during the forecast period (2025-2030)

Who are the key players in Thermistor Temperature Sensor Market?

Mitsubishi Materials Corporation, Honeywell International Inc., Emerson Electric Company, Texas Instruments Incorporated and Panasonic Corporation are the major companies operating in the Thermistor Temperature Sensor Market.

Which is the fastest growing region in Thermistor Temperature Sensor Market?

Latin America is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Thermistor Temperature Sensor Market?

In 2025, the Asia Pacific accounts for the largest market share in Thermistor Temperature Sensor Market.

What years does this Thermistor Temperature Sensor Market cover?

The report covers the Thermistor Temperature Sensor Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Thermistor Temperature Sensor Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Thermistor Temperature Sensors Industry Report

Statistics for the 2025 Thermistor Temperature Sensor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Thermistor Temperature Sensor analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.