Electrostatic Discharge (ESD) Protection Devices Market Revenue Analysis & Region and Country Forecast To 2032
The global Electrostatic Discharge (ESD) protection devices market size was USD 4.02 Billion in 2022 and is expected to reach USD 7.9 Billion in 2032 growing at a CAGR of 5.2% during the forecast period. Rapid expansion of the Internet of Things (IoT) and automation in many industries are major factors driving market revenue growth. Another aspect is the rising demand for consumer electronics and electronic components. Electrostatic discharge (ESD), a serious hazard for both manufacturers and users, is protected by ESD protection devices for electronic devices and components.
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Demand for ESD protection devices is being driven by the increasing deployment of IoT devices and automation in various industries. These devices are required in various end-use industries, including automotive, aerospace, healthcare, and industrial automation. In addition, manufacturers are continually creating technologically superior ESD protection devices due to increasing need for high-quality and dependable electronic products.
The accumulation of static electricity on the surface of electronic components and gadgets is the main contributor to ESD. Sensitive electronic components may be harmed as a result, which could lead to product failure and decreased reliability. Demand for ESD protection devices is also being driven by increasing government restrictions regulating electronic waste and environmental protection.
In addition, use of high-speed communication technologies such as 5G, Wi-Fi, and Bluetooth is driving demand for ESD protection devices with faster speeds and lower capacitance. Need for ESD protection devices with higher speed and lower capacitance to safeguard sensitive electronic components from ESD is being driven by rising need for high-speed communication technologies.
Competitive Landscape:
Texas Instruments Incorporated STMicroelectronics Vishay Intertechnology Inc. Microchip Technology Inc. TDK Corporation Littelfuse Inc. NXP Semiconductors N.V. ON Semiconductor Infineon Technologies AG Semtech Corporation The global market is further segmented into type and application:
By Product Type Outlook
Diodes
Transistors
Thyristors
Integrated Circuits
Others
By Application Outlook
Consumer Electronics
Automotive
Aerospace Defense
Industrial
Healthcare
Others
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
North America (U.S., Canada, Mexico) Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Rest of APAC) Latin America (Brazil, Rest of LATAM) Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA) Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/7237
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