ESD Protection Devices Market – By Material , By Technology , By Protection , By Application , By End Use , By Geography - Opportunity Analysis & Industry Forecast, 2024-2030

ESD Protection Devices Market Overview:

The ESD Protection Devices Market size is estimated to reach $4.6 Billion by 2030, growing at a CAGR of 4.8% during the forecast period 2024-2030. The ESD Protection Devices market is witnessing robust growth due to rapid adoption of electronic gadgets in everyday life such as smartphones, tablets, wearables and smart home devices. As electronic devices become advanced and more complex, their components become increasingly sensitive to electrostatic discharge (ESD). Additionally, the automotive industry’s shift towards Electric Vehicles (EVs) is propelling the market growth as EVs requires strong protection to ensure the safety of electronic components in them. Miniaturization of ESD Protection Components and Integrating ESD protection directly into IC designs are propelling the demand of ESD protection devices market globally. As devices become smaller and integrated circuits (ICs) get denser, the ESD components that are meant to safeguard them get smaller as well. The small designs of modern electronics are unaffected by the availability of ESD protection components in packages that are barely larger than a grain of sand. Additionally, some manufacturers are including ESD protection directly into their integrated circuit designs. In addition to saving board area, this lessens the need for external components. These factors positively influence the ESG Protection Devices industry outlook during the forecast period. 

ESD Protection Devices Market - Report Coverage:

The “ESD Protection Devices Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the ESD Protection Devices Market.

COVID-19 / Ukraine Crisis - Impact Analysis: 

• The COVID-19 pandemic disrupted global supply chains, leading to delays in manufacturing and delivery of ESG protection devices. Because of transportation limitations, factory shutdowns, and lockdowns, the pandemic caused delays in the worldwide supply chain. The production of ESD protection devices was impacted by this interruption, especially in sectors that depend on electronics, semiconductors, and automotive parts. Production schedules and delivery timeframes were impacted by longer delays for necessary electronic components and raw materials.
• The Ukraine crisis exacerbated ESD protection devices market globally. Neon gas and palladium, which are vital for the production of semiconductors, a key component of ESD protection devices, are supplied by Ukraine and Russia. Palladium is utilized in many electrical applications, while neon is necessary for laser cutting in chip manufacturing. Global manufacture of ESD protection devices has been impacted by the conflict, which has resulted in shortages, higher costs, and delays in procuring these components. 

Key Takeaways: 

Asia-Pacific Region is Leading the Market 

APAC accounted for the largest share of 4.8% of the ESD Protection Devices Market in 2023. Asia-Pacific is home to important hubs for the production of electronics, particularly in countries like India, China, Japan, South Korea, and Taiwan. The semiconductors, consumer electronics, and automotive electronics that depend on ESD protection devices to preserve sensitive electronic components are produced in large quantities in these nations. For instance, according to Report on “Electronics: Powering India’s Participation in Global Value Chains” by NITI Aayog, India’s electronics sector has experienced rapid growth, reaching USD 155 billion in FY23. Production nearly doubled from USD 48 billion in FY17 to USD 101 billion in FY23, driven primarily by mobile phones, which now constitute 43% of total electronics production. India has significantly reduced its reliance on smartphone imports, now manufacturing 99% domestically. Such factors are propelling the growth of ESD Protection Devices Market in this region. 

Silicon Based Devices are Leading the Market 

Silicon based devices held the major share in ESD protection devices market in 2023. Silicon-based ESD protection devices can be used in a variety of applications, including consumer electronics, automotive, industrial, and medical devices. For instance, according to SEMI Silicon Manufacturers Group (SMG) report 2024, Worldwide silicon wafer shipments increased 7.1% quarter-over-quarter to 3,035 million square inches (MSI) in the second quarter of 2024. Silicon wafers are the fundamental building material for the majority of semiconductors, which are vital components of all electronic devices. The rise in silicon wafer production supports the growth of semiconductors and integrated circuits, which are sensitive to electrostatic discharge (ESD). As more silicon-based devices are manufactured, the need for ESD protection solutions becomes more critical to prevent damage to these increasingly complex electronic components. Such factors are fueling the growth of ESD protection devices market globally. 

Rise in production of electronics 

The global rise in production of electronics is driving the ESD protection devices market globally. The complexity and sensitivity of modern electronic gadgets are increasing. They are more vulnerable to electrostatic discharge (ESD) damage since they frequently use smaller components and run at lower voltage levels. Manufacturers are integrating ESD protection devices into their products to protect these sensitive components. For instance, according to China's electronic information manufacturing industry from January to April 2024, Microcomputer Equipment production reached 100 million units, reflecting a 3.4% increase year-on-year. Output for integrated circuits soared to 135.4 billion units, a significant 37.2% increase year-on-year. Such productions in electronic sector globally are driving the need of ESG protection devices. 

Complexity Due to Technological Advancements

The market for ESD protection devices is limited by the rapid pace of advancements in technology. It gets harder to provide efficient ESD protection as electronic equipment get more sophisticated, functional, and complex. The difficulty is in constantly modifying and developing ESD protection systems to satisfy the demands of new technologies, like the creation of ultra-thin electronic devices, the integration of IoT capabilities, and the switch to 5G networks. In order to ensure that new devices are sufficiently protected, continuous research, development, and testing are necessary as these developments frequently push the limits of existing ESD protection capabilities. Manufacturers find it difficult to keep their competitive edge when trying to stay ahead of these technological changes because it takes a large investment in research and development as well as a thorough understanding of the future direction of electronics.

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Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the ESD Protection Devices Market. The top 10 companies in this industry are listed below: 

1. Murata Manufacturing Co., Ltd
2. Semtech Corporation
3. Texas Instruments Incorporated 
4. Nexperia 
5. Bourns, Inc
6. Littlefuse, Inc.
7. ROHM Semiconductor 
8. STMicroelectronics 
9. Infineon Technologies AG 
10. Omron Corporation 

Scope of the Report: 

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