The APAC region led the electrostatic discharge (ESD) protection devices market share with a 68% growth rate, followed by North America, Europe, South America, and MEA respectively. APAC region is expected to register the highest incremental growth due to factors such as the growing population, rising urbanization and industrialization, and the rising number of mobile network subscribers in APAC during the forecast period.
Technavio's report on "ESD Protection Devices Market by Material, Application, and Geography - Forecast and Analysis 2021-2025" projects that the market size is expected to grow up to USD 275.77 million progressing at a CAGR of 3.49% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View the Sample Report
APAC to Dominate ESD Protection Devices Market With 68% Market Growth
APAC will offer several growth opportunities to ESD protection devices market vendors. 68% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for ESD protection devices in APAC. The growing population and rising urbanization and industrialization will significantly influence the growth of the ESD protection devices market share in this region.
The rising demand for automotive electronics in the automotive industry is one of the major factors driving the market growth. These electronics are integrated into the engine, transmission, breaks, and auto controls. The adoption of automotive electronics such as headlights, LED brake lights, and seat control is increasing because they improve the driving performance, the efficiency of the fuel, driver safety, and comfort. This drives the demand for electrostatic discharge (ESD) protection devices in various electronic components such as under hood (UTH) electronics, safety system electronics, and driver electronics. These electronic devices enhance the function of engines to control the air or fuel ratio, ignition timing, and fuel acceleration enrichment.
ESD Protection Devices Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. Infineon Technologies AG, Murata Manufacturing Co. Ltd., Nexperia BV, ON Semiconductor Corp., Panasonic Corp., ROHM Co. Ltd., STMicroelectronics NV, TDK Corp., Texas Instruments Inc., and Vishay Intertechnology Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. Download PDF Sample Report
ESD Protection Devices Market: Key Highlights of the Report for 2021-2025
