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The global ESD Protection market size was USD 4.02 Billion in 2022 and is expected to reach USD 7.9 Billion in 2032 growing at a CAGR of 5.2% during the forecast period. Rapid expansion of the Internet of Things (IoT) and automation in many industries are major factors driving market revenue growth. Another aspect is the rising demand for consumer electronics and electronic components. Electrostatic discharge (ESD), a serious hazard for both manufacturers and users, is protected by ESD protection devices for electronic devices and components.
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Demand for ESD protection devices is being driven by the increasing deployment of IoT devices and automation in various industries. These devices are required in various end-use industries, including automotive, aerospace, healthcare, and industrial automation. In addition, manufacturers are continually creating technologically superior ESD protection devices due to increasing need for high-quality and dependable electronic products.
The accumulation of static electricity on the surface of electronic components and gadgets is the main contributor to ESD. Sensitive electronic components may be harmed as a result, which could lead to product failure and decreased reliability. Demand for ESD protection devices is also being driven by increasing government restrictions regulating electronic waste and environmental protection.
In addition, use of high-speed communication technologies such as 5G, Wi-Fi, and Bluetooth is driving demand for ESD protection devices with faster speeds and lower capacitance. Need for ESD protection devices with higher speed and lower capacitance to safeguard sensitive electronic components from ESD is being driven by rising need for high-speed communication technologies.
Competitive Landscape:
The global market is further segmented into type and application:
By Product Type OutlookRegional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
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