PTC Thermistor market is expected to reach US$ 475.21 Million by 2028 | The Insight Partners

Rising Adoption of Smartphones in Developing Countries to Boost PTC Thermistor Market Share During 2021-2028

Mobile devices and smartphones are becoming compact and multifunctional. Therefore, the demand for smaller components that can ensure device stability and protect small electronic circuits is increasing rapidly. PTC thermistors are designed to exhibit a rapid increase in electrical resistance whenever their temperature rises beyond a certain threshold, thus protecting components and circuits from damage. By recognizing overcurrent in circuits, which may occur while assembling or when a mobile drops or receives a sudden impact, the PTC thermistors help avoid failures and abnormalities in mobile devices, thus driving the PTC thermistor market. With growing disposable income, EMI schemes, and the new model launches, the demand for smartphones is increasing rapidly in various developing countries, such as India, Brazil, Nigeria, and Cambodia, which is propelling the PTC thermistor market growth. In February 2021, Xiaomi expanded its manufacturing capabilities in India by establishing two new smartphone manufacturing plants. Owing to the growing demand for smartphones among the developing countries and the enhancing production side of the supply chain, the requirement for respective PTC thermistors is growing notably, boosting the growth of the PTC thermistor market.

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Based on type, the global PTC thermistor market is categorized into ceramic PTC (barium titanate) and polymer PTC (carbon doped polymer). In 2020, the ceramic PTC (barium titanate) segment led the PTC thermistor market and accounted for a larger market share. The PTC thermistor made up of a barium titanate-based semiconductor ceramic composition exhibits slight deterioration with time, which is excellent in reliability. The PTC thermistors are the ceramic components in which electrical resistance rises quickly when a certain temperature surpasses. This feature makes the ceramic thermistor appropriate for countless applications such as electronic engineering, advanced electrical, over-temperature protection, temperature compensation, over-current protection, and time delay. Contrary to features of ceramic thermistors, overvoltage, overcurrent density, overpower are some of the arenas witnesses failures in their mechanisms.

The List of Top Companies:
TE Connectivity Corporation
TDK Corporation
Texas Instruments Incorporated
Vishay Intertechnology, Inc.
ZIEHL industrie-elektronik GmbH + Co KG
Murata Manufacturing Co., Ltd.
Amphenol Corporation
KRIWAN Industrie-Elektronik GmbH
NXP Semiconductors
Altium Europe GmbH
Fuzetec Technology Co. Ltd.
General Electric Company
Thermik Gerätebau GmbH
TMC Sensortechnik GmbH
Minilec Group

Impact of COVID-19 Pandemic on PTC Thermistor Market Growth:

During late Q1 and entire Q2 of 2020, the majority of the manufacturing plants operated with minimum staff or halted their manufacturing momentarily. However, due to a large number of patients in the US, Canada, and Mexico, the demand for PTC thermistors required for patient monitoring equipment was notably high, which was driving the PTC thermistor market. Electronics and automotive industries have been struggling due to concerns over contracting the spread of the virus, even after they could reopen. These are some of the critical issues faced by the North American countries. However, the PTC thermistor market witnessed a positive impact as the demand for PTC thermistors started growing in the US, Canada, and Mexico as the end-user industries began their operations from Q3 of 2020, which propelled the PTC thermistor market growth.

Mode-Based Market Insights:
Based on mode, the PTC thermistor market is segmented into self heating mode and sensor mode. In terms of market share, the market was dominated by the self heating mode segment. Self-heated heat applications signifies the fact that when a voltage is implied to a thermistor & sufficient current flows, the temperature increases. As the Curie temperature is approached, resistance rises, enabling less current to flow. The self-heating effect is a phenomenon taking place when the current is flowing via thermistor.

Players operating in the PTC thermistor market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

In January 2020, Murata Manufacturing Co., Ltd. has commercialized the world's smallest PTC thermistor for mobile devices in the 0201 inch size (0.60.30.3mm) and has recently commenced mass production of this device under the component number PRG03BC181QB6RL.

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This release was published on openPR.