The ESD protection devices market is poised for significant growth, with a projected CAGR of 4.1% anticipated between 2023 and 2033. This robust expansion is expected to culminate in a total market value of approximately US$ 3,965.5 million by 2033
The escalating demand for electronic devices across various industries underscores the critical need for effective Electrostatic Discharge (ESD) protection measures.
As technology advances and electronic components become more sensitive, the market for ESD protection devices is becoming increasingly vital. The forecasted growth highlights the industry’s response to the escalating challenges posed by electrostatic discharge, emphasizing the importance of innovative solutions to safeguard electronic systems and ensure their reliable performance in diverse applications.
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ESD Protection Devices Market: Drivers & Challenges:
Devices such as laptops are becoming crucial to enterprises and consumers, and are at the base of all technological innovations. This has made it necessary for these devices to be protected to keep them running. This has driven device manufacturers to include ESD protection devices in their products.
However, by function, ESD protection devices can function only when connected to a ground source as their primary function is to channel an electrostatic surge to the ground. ESD protection devices cannot be used effectively on a standalone battery-based device that is not connected to a ground source. This is a major impeding factor in the growth of the market for ESD Protection Devices.
ESD Protection Devices Market: Regional Overview:
North America is expected to lead the ESD Protection Devices market in terms of market share followed by Asia Pacific and Western Europe. The growth of the ESD Protection Devices market in North America will be fuelled by the higher adoption of Consumer electronics. Whereas the demand for ESD Protection Devices in Asia Pacific will be primarily driven by the growth in the manufacturing sector.
ESD Protection Devices Market: Competitive Landscape
Key Contracts/Agreements/Acquisitions:
In March 2016 Littlefuse, a circuit protection device manufacturer acquired the circuit protection business of TE Connectivity, a polymer-based resettable circuit protection devices manufacturer.
Leading Key Players:
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ESD Protection Devices Market Segmentation:
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market.
Feb 08, 2024
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