Dec 17, 2020   SOURCE: BusinessWire

Global Thermistor Temperature Sensor Market (2020 to 2025) - Growth, Trends, and Forecasts - ResearchAndMarkets.com

The "Thermistor Temperature Sensor Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The thermistor temperature sensor market is expected to register a CAGR of 7.5% over the forecast period (2020-2025).

The growing trend of automation has been identified as one of the important trends in the industry, with the global consumption of sensors growing at a rapid pace across all the verticals. This is expected to influence the demand for thermistors.

Companies Mentioned

  • Texas Instruments Incorporated
  • Panasonic Corporation
  • Emerson Electric Company
  • Honeywell International Inc.
  • KOA Corporation
  • Lattron Company Limited
  • Mitsubishi Materials Corporation
  • Ohizumi Manufacturing Company Limited
  • Shibaura Electronics Co. Ltd
  • TE Connectivity

Key Market Trends

Automotive Segment is Expected to Hold Significant Market Share

Thermistor temperature sensors have been used in the automotive industry since the last few decades for sending signals to gauges and now to electric controls. As the system complexity increased, the number of types of temperature sensors increased, and the performance requirements also increased. The primary reasons behind the adoption growth of thermistor temperature sensors in the industry are mandates, technical advancements, and customer requirements.

  • With the technological changes in the automotive industry, the global demand for connected and autonomous vehicles sees a surge in the demand, and with it, vendors are increasingly developing solutions specific to the industry. For instance, in February 2020, Texas Instruments expanded its temperature sensing portfolio to include linear thermistors that offer up to 50% higher accuracy compared to NTC thermistors. Also, it is one of the smallest linear thermistors commercially available in the market.
  • Temperature sensors in an automotive unit are required to undergo various harsh environments, and various vendors in the market are developing solutions that target such requirements in the industry.

Asia-pacific is Expected to Witness Significant Growth

The demand for thermistors in the Asia-Pacific region is increasing with the changing automotive landscape, as many countries are adopting electric mobility solutions. According to the China Association of Automobile Manufacturers (CAAM), in April 2020, 51,000 battery electric vehicles, 20,000 plug-in hybrid electric vehicles, and 73 Fuel-cell vehicles were sold in China. The battery-electric vehicle sales increased by 11,000 in April, from 40,000 in March 2020.

  • Moreover, the growing number of data centers, smart offices, special economic zones (SEZ), warehouses, and malls, among others, is driving the demand for HVAC systems in the region. The growing number of data centers, especially in developing countries, is fueling the demand for the market studied, as thermistor-based sensors are evolving as integral units for HVAC systems.
  • China's internet data centers are estimated to grow, to 22 times that of the United States, or at least 10 times the current space of Japan. As the region is dominating the global HVAC market, it provides a vast opportunity for the market studied.
  • Furthermore, the growing number of manufacturing plants, where temperature plays an important role, is estimated to fuel the adoption of HVAC systems, subsequently increasing the demand for NTC thermistors in the region.

Key Topics Covered:

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

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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