“The growing demand for electronic devices and the increasing need for protection against electrostatic discharge incidents are expected to drive the ESD protection devices market, which is projected to surpass USD 4.4 billion by 2031, with a steady compound annual growth rate of 4.7% according to a recent report by TMR.”
The global market for ESD (electrostatic discharge) protection devices is experiencing significant growth, driven by the increasing reliance on electronic components and the need to safeguard against electrostatic discharges. According to Transparency Market Research, the market was estimated to be worth US$2.8 billion in 2021 and is expected to register a 4.7% compound annual growth rate (CAGR) from 2022 to 2031, reaching a value of US$4.4 billion by 2031.
As electronic devices become smaller and more compact, there is a growing demand for ESD protection devices tailored to these miniaturized applications. Manufacturers that develop effective protection solutions in smaller form factors will find a niche market. Novel materials, such as organic polymers and conductive nanoparticles, provide opportunities for more efficient ESD protection devices. These materials can be used to create cost-effective, high-performance solutions.
The surge in IoT devices and wearables also requires ESD protection tailored to these specific applications. Protecting sensitive sensors and components in these gadgets presents a unique market segment for innovative solutions. Additionally, the automotive sector, with its increasing electronic content, is an emerging market for ESD protection devices. Devices designed to withstand the harsh automotive environment have a promising future.
The market is dominated by silicon as the material of choice due to its superior electrical and semiconductor properties. Transient Voltage Suppressor Diodes (TVS) are the most popular type of ESD protection device, offering faster response times and higher surge protection capabilities. Bi-directional directionality, which ensures protection against electrostatic discharges in both forward and reverse voltage modes, is also dominant in the market. Power-line protection is another significant segment, as safeguarding against electrostatic discharges in power systems is a critical concern.
In terms of regional outlook, North America, Europe, and Asia Pacific are at the forefront of the global ESD protection devices market. North America, led by the United States, benefits from advanced technology adoption and a robust electronics industry. Europe, with its stringent regulations and focus on electronics manufacturing, also contributes to market growth. Asia Pacific, particularly in countries like China and Japan, exhibits substantial growth due to extensive electronics production and an expanding IT sector.
The market is highly competitive, with numerous players striving for innovation and market share. Established companies leverage their experience and resources to maintain a competitive edge, while emerging players and startups focus on niche applications and specialized ESD protection solutions. Continuous technological advancements, stringent industry standards, and the need for robust protection against electrostatic discharge drive fierce competition in the market. Notable participants in the global ESD protection devices market include Bourns Inc., Diodes Incorporated, Infineon Technologies AG, Littelfuse, Inc., Analog Devices (Maxim Integrated), Microchip Technology Inc., Murata Manufacturing Co., Ltd., Nexperia, Omron Corporation, Onsemi, ROHM SEMICONDUCTOR, Semtech Corporation, STMicroelectronics N.V., TDK Corporation, Texas Instruments Incorporated, and TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION.
Overall, the growing reliance on electronic components and the need for effective protection against electrostatic discharges are driving the growth of the ESD protection devices market. With the continuous development of novel materials and tailored solutions for specific applications, the market is expected to expand further in the coming years.