Press release
Automotive NTC Thermistor Market Size 2024 to 2031.
An Automotive NTC Thermistor is a type of temperature-sensitive resistor that decreases in resistance as the temperature increases. These thermistors are commonly used in automotive applications for temperature measurement and control purposes.
The future outlook of the Automotive NTC Thermistor Market is projected to be favorable, with a growing demand for advanced automotive technologies and the increasing focus on vehicle safety and efficiency. The market is expected to witness a significant growth at a compound annual growth rate (CAGR) of 9.40% during the forecasted period.
Factors driving the growth of the Automotive NTC Thermistor Market include the rising adoption of electric vehicles, the growing trend towards connected cars, and the increasing emphasis on advanced driver assistance systems (ADAS) in the automotive industry. Additionally, the expanding automotive production and sales globally are expected to contribute to the market growth.
Overall, the current and future outlook of the Automotive NTC Thermistor Market appears promising, with increasing applications in automotive electronics and a growing demand for temperature sensing and control solutions in vehicles.
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Market Segmentation
The Automotive NTC Thermistor Market Analysis by types is segmented into:
• Radial Type
• Diode Type
• SMD Type
• Other
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Automotive NTC Thermistors are available in various types to cater to different applications. Radial Type thermistors are cylindrical in shape and are commonly used in automotive cooling systems. Diode Type thermistors have a semiconductor diode attached to them, allowing for temperature sensing as well as transient voltage suppression. SMD Type thermistors are surface-mountable components that offer compact size and easy installation. Other types of thermistors include probe-type and glass-encapsulated designs, offering additional options for temperature sensing in automotive applications.
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The Automotive NTC Thermistor Market Industry Research by Application is segmented into:
• Automotive Temperature Sensor
• Automotive Power Management System
• Other
Automotive NTC thermistors are widely used in various applications within the automotive industry. They are commonly used in automotive temperature sensors to measure and regulate the temperature of various components in a vehicle. Additionally, they are integrated into automotive power management systems to help control the power distribution and consumption within the vehicle. Moreover, NTC thermistors find applications in other markets such as industrial automation, consumer electronics, and healthcare for temperature monitoring and control purposes.
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In terms of Region, the Automotive NTC Thermistor Market Players available by Region are:
North America:
• United States
• Canada
Europe:
• Germany
• France
• U.K.
• Italy
• Russia
Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia
Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea
What are the Emerging Trends in the Global Automotive NTC Thermistor market?
Some emerging trends in the global automotive NTC thermistor market include a growing focus on increasing vehicle electrification and the rise in demand for electric vehicles. Manufacturers are also investing in the development of more advanced NTC thermistors with improved accuracy and reliability to meet the stringent requirements of modern automotive electronics systems. Furthermore, there is a noticeable shift towards the integration of IoT and smart technologies in vehicles, driving the demand for NTC thermistors with wireless connectivity capabilities. Additionally, the increasing adoption of autonomous driving technology is expected to further drive the growth of the automotive NTC thermistor market.
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Major Market Players
One of the top players in the competitive Automotive NTC Thermistor Market is Murata Manufacturing Company. Murata is a leading manufacturer of electronic components, including NTC thermistors, and has a strong presence in the automotive industry. The company was founded in 1944 in Japan and has since grown to become a global leader in the electronics industry.
Murata has achieved significant market growth over the years by focusing on innovation and technology advancements in its products. The company's high-quality NTC thermistors are known for their reliability and accuracy, making them a popular choice among automotive manufacturers.
Another key player in the Automotive NTC Thermistor Market is TDK Corporation. TDK is a Japanese multinational electronics company that has a strong presence in the automotive industry worldwide. The company's NTC thermistors are widely used in automotive applications, such as engine control systems, battery management systems, and HVAC systems.
TDK has experienced steady market growth due to its strong focus on research and development, as well as strategic partnerships with leading automotive manufacturers. The company's NTC thermistors are known for their precision and durability, which have made them a preferred choice in the automotive industry.
In terms of sales revenue, Murata Manufacturing Company reported total sales of $12.1 billion in the fiscal year 2020, while TDK Corporation reported total sales of $12.9 billion in the same year. Both companies have a strong financial performance and a solid market position in the Automotive NTC Thermistor Market.
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