Global ESD Protection Devices Market 2017-2021
About ESD Protection Devices
Circuit protection refers to a wide range of protection devices that safeguard electronic circuits from power disturbances. One of the major components for circuit protection is electrostatic discharge protection device. An ESD protection device protects electrical equipment from electrostatic discharges. ESD is the transfer of energy between any two objects that are differently charged, which can otherwise be hazardous to the electronic device as well as the user.Technavio’s analysts forecast the global ESD protection devices market to grow at a CAGR of 4.46% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global ESD protection devices market for 2017-2021. To calculate the market size, the report considers demand for ESD protection devices, and retail selling price is considered as the average selling price of the product.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global ESD Protection Devices Market 2017-2021
Technavio recognizes the following companies as the key players in the global ESD protection devices market: Murata Manufacturing, Nexperia, STMicroelectronics, and Texas Instruments.
Other Prominent Vendors in the market are: Bourns, Diodes, Infineon Technologies, KEMET, Littelfuse, Panasonic, ProTek Devices, TDK, Vishay, and YAGEO.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increased adoption of IoT. IoT devices, also known as smart devices, are instruments that can be connected to the Internet to offer remotely controlled connectivity. These devices are able to sense and analyze their surroundings so as to offer inputs about the designated area. IoT is a network of physical objects interconnected through various network technologies.”
According to the report, one driver in the market is augmented demand for automotive electronics. Automotive electronics is a growing trend in the global automotive industry. Electronics in the automotive segment is integrated into the engine, transmission, breaks, and auto controls. Automotive electronics include everything from the head light and LED break light to the seat control inside the car. Electronic systems in automobiles help improve driving performance, the efficiency of fuel as well as the driver's comfort. An increase in the number of electronic components in automotive electronics is expected to help improve fuel efficiency and driver safety.
Further, the report states that one challenge in the market is competition among local vendors. The market for ESD protection devices consists of various international as well as regional vendors. There is fierce competition among international vendors that are compelling these vendors to bring innovative and modified products in the market to differentiate their product offerings. In addition, the competitive environment intensifies with the emergence of local vendors, especially from the Americas. These vendors are manufacturing ESD protection devices at low cost and generally offer them at competitive prices to end-users.
Murata Manufacturing, Nexperia, STMicroelectronics, Texas Instruments, Bourns, Diodes, Infineon Technologies, KEMET, Littelfuse, Panasonic, ProTek Devices, TDK, Vishay, and YAGEO.
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