Thermistors are non-metallic resistors made of ceramic materials that have a negative coefficient of resistance. Their resistance decreases as temperature increases, allowing them to be used for precise temperature measurement. A thermistor has a ceramic sensing element housed inside a metal tube, with lead wires connecting it to a Wheatstone bridge circuit. As temperature rises, the sensing element's decreasing resistance is measured to calculate the temperature change. Thermistors are widely used for temperature compensation, time delay circuits, and measuring thermal conductivity or fluid properties due to their low cost, high accuracy, and ability to withstand stresses.