ESD Protection Devices Market to reach $4.6 Billion by 2030; Rapid adoption of electronic gadgets in everyday life, Technological advancements and Complexity of modern electronic devices and Automotive industry’s shift towards Electric Vehicles (EVs)

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, according to a recent report published by IndustryARC, titled, “ ESD Protection Devices Market - By Material (Ceramic and Silicon), By Technology (Transient Voltage Suppressor Diodes (TVS) and Multilayer Varistors (MLV)), By Directionality (Uni-directional and Bi-directional), By Protection (Data-line and Power-line), By Application (Antenna Circuit Protection, Audio Circuit Protection, I/O Circuit Protection, SIM Card Protection, SD/MMC Card Protection and Others), By End Use (Electronic Devices, Medical Devices, Communication Equipment,  Data Centers& High-performance Computing Devices, Electric Vehicles and Others), By Geography - Opportunity Analysis & Industry Forecast, 2024-2030”. 

The main driver of the ESD Protection Devices market is the rising production and adoption of electronics globally. As electronic devices become increasingly complex and miniaturized, they become more susceptible to electrostatic discharge (ESD) damage which in turn leads to the demand for ESD Protection Devices globally. Additionally, complexity of modern electronic devices and automotive industry’s shift towards Electric Vehicles (EVs) are fueling the the growth of the ESD Protection Devices industry during the forecast period.  

APAC accounted for the largest share in the ESD Protection Devices Market in 2023 mainly attributed to the growth of the electronics industry. According to the China’s Ministry of Industry and Information Technology, China's electronics manufacturing industry posted a strong performance in the first four months of the year 2024, driven by a steady increase in production and recovering domestic and global demand. The combined profits of major companies in the sector soared 75.8 percent year on year to about 20.3 billion U.S. dollars in the January to April period. According to customs data, China exported 44.01 million units of laptops in the first four months, rising 9.6 percent year on year. Exports of mobile phones came in at 241 million units, up 4.6 percent. As the production of advanced electronic devices is increasing, the need for ESD protection devices also increasing to protect the sensitive components in those devices. Such factors are fueling the growth of ESD Protection Devices Market in this region. 

The rise in adoption of electronic gadgets globally is driving the ESD Protection Devices market globally. Electronic components exposed to ESD risks have expanded significantly as a result of the development of IoT devices, including smart household appliances, smart security systems, and industrial IoT sensors. For instance, according to a report from Forbes, By the end of 2024, there are projected to be more than 207 billion devices connected to the worldwide network of tools, toys, devices and appliances that make up the Internet of Things (IoT). Additionally, Smart devices like Fitness trackers, smartwatches, and other wearable devices are gaining popularity, increasing the demand for smaller and more efficient ESD protection devices.

The rise in adoption of EVs globally is fueling the growth of ESD Protection Devices Market globally. EVs contain a lot of electronic components, making them more vulnerable to ESD. For instance, EV batteries contain a lot of energy. These battery packs primarily contain large quantities of 4.2-V lithium-ion battery cells, generally operate in the 400 – 500V range. With 400–500V battery packs holding kilowatt-hours of energy, safety is a major concern. This kind of high-voltage systems in EVs, such as the battery and power electronics, require advanced ESD protection to prevent damage and potential safety hazards. To reduce this risk and ensure the reliability and safety of EVs, manufacturers are incorporating advanced ESD protection devices into their designs. Thus, the rise in adoption of EVs is fueling the growth of ESD Protection Devices Market globally.  

Key companies profiled in the ESD Protection Devices Market are Murata Manufacturing Co., Ltd, Semtech Corporation, Texas Instruments Incorporated, Nexperia, Bourns Inc, Littlefuse Inc, ROHM Semiconductor, STMicroelectronics, Infineon Technologies AG, Omron Corporation and Others. 

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