Albany, NY -- (SBWIRE) -- 02/14/2019 -- ResearchMoz.us has announced the addition of a report, titled "ESD Protection Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018–2026". The report on the global electrostatic discharge (ESD) protection devices market offers insights on key evolutionary trends, opportunities in various regions, major factors restraining uptake, and recent product advancement initiatives by manufacturers. The study also takes a critical look at the prevailing competitive dynamics.
The global protection devices market is projected to garner single-digit CAGR from 2018 to 2026. A large impetus for the growth comes from rising demand for electronics in automobiles and growing uptake of miniature electronics devices in various industrial verticals. The growth is fueled by rising sales of smartphones. Furthermore, the growing popularity of internet of things technology in various end-use industries is a notable trend boosting the market.
Rapid strides being taken by the electronics industries, especially in developing economies of Asia Pacific, are generating immense potential of growth in the global ESD protection devices market. The strides are propelled by rising demand for consumer electronics across the region. A large chunk of regional revenues comes from countries of China, Japan, and South Korea.
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Rising production of integrated chips and its use in a wide range of electronics technology are vital factors bolstering the demand for ESD protection devices. However, the steady growth in the market is impeded by several design limitations of traditional ESD protection devices. The design challenges are due to the proliferation of transistors and limited pace of technology developments to keep pace with rapid rise in electronic components in semiconductor die. The drawback is offset by rising production of silicon-based ESD protection devices, especially in miniaturized electronics. These devices are more susceptible to electrostatic discharge, making the use of silicon an attractive proposition.
Wide range of developments in the automotive technology in recent years have opened vast lucrative avenues in the ESD protection devices market. Technological advances such as telematics, cloud connectivity, touchscreen control systems, driver assistance systems, and infotainment positively impact the demand dynamic. Growing number of interfaces interconnecting these technologies stands for a lucrative proposition for the demand for ESD protection devices.
On the regional front, Asia Pacific holds vast potential and is expected to rise at attractive pace over the next few years. The growth is attributed to the presence of several well-entrenched players in the region. The growth is stirred by wide cross section of consumers in end-use industries and burgeoning rise in consumer electronics in recent years. North America and Europe are also promising regional markets.
Several players are increasingly focusing on bringing technological advancements in ESD protection devices and make this as the basis of next-generation devices. Some of the prominent players operating in the global ESD protection devices market are ROHM Semiconductor, Littelfuse, Inc., ON Semiconductor Corporation, STMicroelectronics N.V., and Infineon Technologies AG.
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