The global ESD protection devices market was valued at US$ 2,572.1 Mn in 2016 and is projected to register a compounded annual growth rate (CAGR) of over 4.23% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled ‘ESD Protection Devices Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ The report suggests that rising adoption of electronics across the automotive industry, increasing demand for miniature electronic devices that are more susceptible to electrostatic discharge (ESD), and growth in the smartphone penetration are likely to augment the demand for ESD protection devices in the next years i.e. from 2018 to 2026. As key market players are introducing new ESD protection devices in developed markets such as North America, Europe, and Asia Pacific, these regions are likely to account for a leading share of the global ESD protection devices market during the forecast period. Rising production of electronic chips and growing consumer electronics industry across emerging markets such as China, Japan, South Korea, and India are likely to boost the ESD protection devices market in Asia Pacific from 2018 to 2026.
Design limitations of traditional ESD protection devices to hamper the global ESD protection devices market
IC designers are facing challenges while looking for comprehensive ESD protection devices that can be used across the circuit. These challenges are primarily caused by rise in the number of transistors used. Furthermore, growing number of electronic components on a semiconductor die is limiting the use of traditional ESD protection devices. These limitations also question the reliability of electronic products. Several electronic devices are equipped with high-speed data transmission techniques and require comprehensive protection from ESD. Therefore, designers and manufacturers of ESD protection devices are modifying their devices. This is expected to increase the requirement for signal efficiency for high-speed interfaces so as to attain efficient operation of any electronic device.