Report Overview
The SMD (Surface-Mount Device) Thermistor market refers to the industry involved in the production and sale of thermistors designed for surface-mount technology (SMT).
Thermistors are temperature-sensitive resistors that exhibit a significant change in resistance with a change in temperature.
They are widely used in applications such as consumer electronics, medical equipment, automotive, industrial automation, and aerospace.
Due to their small size, high accuracy, and cost efficiency, SMD thermistors have become an essential component in temperature sensing and circuit protection.
Market Analysis
The global SMD Thermistor Market was valued at $257.08 million in 2023 and is expected to grow to $386.80 million by 2030, registering a CAGR of 6.45% from 2024 to 2030.
The market is also anticipated to reach 20,717.98 million units in volume by 2030, reflecting an increasing demand across various industries.
Asia-Pacific dominates the market, accounting for approximately 69.45% of the total volume in 2023, with expectations to reach 72.03% market share by 2030.
