Global PTC Resettable Device Market Overview:
As per MRFR analysis, the PTC Resettable Device Market Size was estimated at 1.98 (USD Billion) in 2022. The PTC Resettable Device Market Industry is expected to grow from 2.08(USD Billion) in 2023 to 3.34 (USD Billion) by 2032. The PTC Resettable Device Market CAGR (growth rate) is expected to be around 5.38% during the forecast period (2024 - 2032).
Key PTC Resettable Device Market Trends Highlighted
Key market drivers for PTC resettable devices include the growing demand for electronic devices, the increasing use of advanced power systems, and the need for reliable circuit protection solutions. The rise in popularity of IoT devices and the adoption of smart grid technologies present significant opportunities for the market's expansion.
Recent trends in the PTC resettable device market include the development of ultra-small and high-capacity devices, the integration of advanced materials, and the adoption of surface-mount technology (SMT). These innovations are driven by the miniaturization of electronic devices and the demand for enhanced performance and efficiency.
The market also witnesses the increasing adoption of PTC resettable devices in various end-use industries, such as automotive, telecommunications, consumer electronics, and medical devices. These devices play a crucial role in protecting electrical circuits from overcurrent and overtemperature conditions, ensuring safety and reliability in a wide range of applications.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
PTC Resettable Device Market Drivers
Increasing Demand for Electronic Devices
One of the driving forces of the PTC resettable Device Market Industry is the rise of electronic device use. Modern devices require adequate protection from both overcurrent and overvoltage conditions, and PTC resettable devices allow for the creation of self-protecting devices. The current is limited when a certain temperature threshold is reached, thus allowing for the device to be protected from damage. As such, the growth of the electronic device market will lead to an increase in the demand for PTC resettable devices.
Growing Adoption of IoT and Smart Devices
Yet another prominent driver of the PTC resettable Device Market Industry is a rapidly growing adoption of IoT and smart devices. A broad range of IoT devices, from smart home appliances and wearables to industrial sensors, need reliable protection against electrical faults. PTC resettable devices are a cheap and reliable solution to be installed in these devices and protect them from overcurrent and overvoltage. Hence, as long as the adoption of IoT and smart devices keeps accelerating, the demand for PTC resettable devices can easily be anticipated to be permanently increasing.
Rising Focus on Safety and Reliability
The rising focus on safety and reliability in various industries, such as consumer electronics, automotive, and industrial, is also driving the growth of the PTC Resettable Device Market Industry. PTC resettable devices provide a high level of protection against electrical faults, ensuring the safety and reliability of electronic devices and systems. As industries prioritize safety and reliability, the demand for PTC resettable devices is expected to continue to grow.
PTC Resettable Device Market Segment Insights:
PTC Resettable Device Market Technology Insights
Based on technology, the PTC resettable device market is segmented into PTC Disc, PTC Chip, and PTC Resettable Fuse. The PTC Disc segment dominated the market in 2023 by accounting for more than 40% of the revenue share. The segment is expected to exhibit dominance in terms of revenue over the forecast period, attributed to diverse applications in several electronic devices such as smartphones, laptops, and home appliances. The PTC Chip segment is anticipated to be the fastest-growing segment due to the rising demand for miniaturization and improvement in the performance of electronic devices.The PTC Resettable Fuse segment is expected to show a significant revenue share in the market due to its properties, such as providing overcurrent protection and provision of resettable functions, which can be used in a variety of applications. The market growth from the adoption of PTC resettable devices in the consumer electronics, automotive, and industrial automation industries is expected to offer lucrative avenues for the market over the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
PTC Resettable Device Market Application Insights
The PTC Resettable Device Market is segmented based on application into consumer electronics, automotive, industrial, and medical. The consumer electronics segment accounted for the largest share of the PTC Resettable Device Market in 2023 and is expected to continue to dominate the market through 2032. The growth of this segment is attributed to the increasing adoption of PTC resettable Devices in smartphones, tablets, and other portable electronic devices. The automotive segment is expected to witness significant growth over the forecast period due to the rising demand for PTC resettable Devices in electric and hybrid vehicles.The industrial segment is also expected to grow steadily, driven by the increasing use of PTC resettable Devices in industrial machinery and equipment. The medical segment is expected to grow at a moderate pace as PTC Resettable Devices are used in a variety of medical devices, including pacemakers, defibrillators, and incubators.
PTC Resettable Device Market Product Type Insights
The PTC Resettable Device Market is segmented by Product Type into Standard PTC Resettable Devices and Customized PTC Resettable Devices. The Standard PTC Resettable Devices segment accounted for a larger share of the market in 2023 and is projected to continue to dominate the market through 2032. The growth of this segment is attributed to the increasing demand for low-cost, reliable, and efficient PTC resettable devices in various electronic applications. The Customized PTC Resettable Devices segment is expected to grow at a faster rate during the forecast period due to the rising demand for customized solutions for specific applications in industries such as automotive, industrial, and consumer electronics.
PTC Resettable Device Market Current Rating Insights
The PTC Resettable Device Market is segmented by Current Rating into Below 5A, 5A-10A, 10A-20A, and Above 20A. Among these segments, the Below 5A segment is expected to hold the largest market share in 2023, owing to its wide usage in low-power electronic devices such as smartphones, tablets, and laptops. The 5A-10A segment is projected to witness the highest growth rate during the forecast period, driven by the increasing adoption of PTC Resettable Devices in automotive and industrial applications. The 10A-20A segment is expected to account for a significant market share, primarily due to its use in power tools, battery packs, and uninterruptible power supplies (UPS).The Above 20A segment is anticipated to hold a notable market share, fueled by the growing demand for high-power PTC Resettable Devices in electric vehicles, renewable energy systems, and data centers.
PTC Resettable Device Market Voltage Rating Insights
The PTC Resettable Device Market segmentation by voltage rating includes Below 50V, 50V-100V, 100V-250V, and Above 250V. Among these, the 100V-250V segment held the largest market share in 2023, accounting for nearly 40% of the market revenue. This dominance is attributed to its wide usage in consumer electronics, industrial machinery, and automotive applications. The 50V-100V segment is projected to grow at a significant CAGR during the forecast period, owing to its increasing adoption of portable devices and power tools. The Above 250V segment is expected to witness steady growth, driven by its use in high-power industrial applications.
PTC Resettable Device Market Regional Insights
The PTC Resettable Device Market is segmented into North America, Europe, APAC, South America, and MEA.
North America is the largest regional market, accounting for 35% of the PTC Resettable Device Market revenue in 2023. The market in North America is driven by the increasing adoption of PTC resettable Devices in the automotive industry.
Europe is the second largest regional market, accounting for 30% of the PTC Resettable Device Market revenue in 2023. The market in Europe is driven by the growing demand for PTC resettable Devices in the industrial sector.APAC is the third largest regional market, accounting for 25% of the PTC Resettable Device Market revenue in 2023. The market in APAC is driven by the increasing demand for PTC resettable Devices in the consumer electronics industry. South America and MEA are the smallest regional markets, accounting for 5% and 10% of the PTC Resettable Device Market revenue in 2023, respectively. However, the market in these regions is expected to grow at a faster rate than the average over the next five years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
PTC Resettable Device Market Key Players And Competitive Insights:
Major players in the PTC resettable Device Market are expanding their product offerings and investing heavily in research and development to cater to the evolving demands of end users. Leading PTC Resettable Device Market players are focusing on strategic collaborations and partnerships to enhance their market presence. These collaborations involve joint ventures, mergers, and acquisitions to strengthen their portfolio and expand their geographical reach. Additionally, major players are involved in the development of innovative technologies such as surface-mount PTC resettable Devices and solid-state PTC resettable Devices, which offer advantages in terms of size, weight, and performance. The PTC Resettable Device Market industry is characterized by intense competition, and leading players are constantly striving to gain market share and increase their profitability.Bourns Inc. is a prominent player in the PTC resettable Device Market. The company offers a broad range of PTC Resettable Devices, including surface-mount, led, and radial devices. Bourns Inc. is known for its expertise in circuit protection and focuses on providing reliable and high-quality products. The company has a presence and serves customers in various industries, including automotive, telecommunications, and industrial. Bourns Inc. is committed to innovation and invests significantly in research and development to enhance its PTC Resettable Device offerings.Littelfuse Inc. is another leading company in the PTC resettable Device Market. The company manufactures a wide range of electronic components, including PTC resettable Devices, fuses, and TVS diodes. Littelfuse Inc. is renowned for its strong brand recognition and its commitment to quality. The company has a well-established distribution network and serves customers worldwide. Littelfuse Inc. emphasizes customer satisfaction and provides technical support and design assistance to its clients. The company is actively involved in mergers and acquisitions to expand its product portfolio and geographical reach. By leveraging its strengths in circuit protection and innovation, Littelfuse Inc. maintains a strong position in the PTC Resettable Device Market.
Key Companies in the PTC Resettable Device Market Include:
- Bel Fuse
- Panasonic
- Johnson Electric
- SIBA Circuit Protection
- Schurter
- Littelfuse
- KEMET
- Shinko Electric Industries
- Cooper Bussmann
- TE Connectivity
- Markel Corp.
- Schneider Electric
- Vishay Intertechnology
- Bourns
- MTE Electronic
PTC Resettable Device Market Industry Developments
The PTC resettable device market is anticipated to grow from USD 2.08 billion in 2023 to USD 3.34 billion by 2032, at a CAGR of 5.38%. The market is driven by the increasing demand for PTC resettable devices in various electronic devices, such as smartphones, tablets, laptops, and wearable devices. The growing adoption of IoT and connected devices is also expected to contribute to the growth of the market. Furthermore, the rising trend of miniaturization and the need for overcurrent protection in electronic devices are anticipated to drive the demand for PTC resettable devices.Recent developments in the market include the launch of new products by leading manufacturers, such as Littelfuse, Bourns, and TE Connectivity. These companies are focusing on developing PTC resettable devices with improved performance and reliability. Additionally, the growing adoption of PTC resettable devices in automotive applications is expected to create new opportunities for market growth.
PTC Resettable Device Market Segmentation Insights
- PTC Resettable Device Market Technology Outlook
- PTC Disc
- PTC Chip
- PTC Resettable Fuse
- PTC Resettable Device Market Application Outlook
- Consumer Electronics
- Automotive
- Industrial
- Medical
- PTC Resettable Device Market Product Type Outlook
- Standard PTC Resettable Devices
- Customized PTC Resettable Devices
- PTC Resettable Device Market Current Rating Outlook
- Below 5A
- 5A-10A
- 10A-20A
- Above 20A
- PTC Resettable Device Market Voltage Rating Outlook
- Below 50V
- 50V-100V
- 100V-250V
- Above 250V
- PTC Resettable Device Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
1.98(USD Billion) |
| Market Size 2023 |
2.08(USD Billion) |
| Market Size 2032 |
3.34(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
5.38% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Bel Fuse, Panasonic, Johnson Electric, SIBA Circuit Protection, Schurter, Littelfuse, KEMET, Shinko Electric Industries, Cooper Bussmann, TE Connectivity, Markel Corp., Schneider Electric, Vishay Intertechnology, Bourns, MTE Electronic |
| Segments Covered |
Technology, Application, Product Type, Current Rating, Voltage Rating, Regional |
| Key Market Opportunities |
Automotive electrification surge protection smart grid development consumer electronics advancements renewable energy integrations |
| Key Market Dynamics |
Growing electronics industry Increasing demand for compact and reliable devices Miniaturization of electronic devices Rising adoption in automotive and consumer electronics Emerging applications in healthcare and wearable devices. |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The PTC Resettable Device Market is expected to reach a valuation of 2.08 billion USD by 2023, expanding to 3.34 billion USD by 2032, exhibiting a CAGR of 5.38% during the forecast period.
Asia Pacific dominated the PTC resettable Device Market in 2023, accounting for over 40% of the market revenue. The region's growth is primarily attributed to the increasing demand for electronics and the presence of major manufacturing hubs in countries like China, Japan, and South Korea.
The growth of the PTC resettable Device Market is primarily driven by the rising demand for electronic devices, increasing adoption of PTC resettable devices in various industries, and growing awareness of circuit protection. Additionally, government regulations mandating the use of resettable devices in electronic products further contribute to market expansion.
Some of the prominent players in the PTC Resettable Device Market include Littelfuse, Inc., Bourns, Inc., TE Connectivity Ltd., Panasonic Corporation, and Vishay Intertechnology, Inc. These companies offer a wide range of PTC resettable devices, cater to diverse industries, and have a strong presence.
The major application segments of the PTC Resettable Device Market include consumer electronics, automotive, industrial, and telecommunications. PTC resettable devices are widely used in smartphones, laptops, tablets, power tools, motor controls, and telecommunication equipment for circuit protection.
The PTC Resettable Device Market faces certain challenges, such as intense competition, fluctuating raw material prices, and stringent regulatory requirements. Additionally, the development of alternative circuit protection technologies may pose challenges to the growth of PTC resettable devices in the future.
The PTC resettable Device Market is witnessing several emerging trends, including the increasing adoption of surface-mount PTC resettable devices, the development of self-resetting PTC devices, and the integration of PTC devices with other circuit protection components. These trends are expected to shape the future of the market.
The PTC resettable Device Market is projected to exhibit a CAGR of 5.38% during the forecast period from 2024 to 2032, indicating a steady growth in the demand for PTC resettable devices across various industries.
The consumer electronics segment is anticipated to register the highest growth in the PTC resettable Device Market during the forecast period. The increasing demand for smartphones, tablets, and other portable electronic devices is expected to fuel the growth of this segment.
The PTC resettable Device Market presents several growth opportunities, including the expansion into emerging markets, the development of innovative PTC resettable devices with enhanced capabilities, and the adoption of PTC devices in new applications such as electric vehicles and renewable energy systems.
