According to a new market report published by Transparency Market Research titled ‘ESD Protection Devices Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ the global ESD protection devices market is expected to reach value of US$ 3,903.0 Mn by 2026. The market is projected to expand at a CAGR of 4.23% from 2018 to 2026.

According to the report, the global market is expected to continue to be influenced by a range of factors such as rising penetration of smartphones, growing popularity of IoT, and increasing use of electronics in the automotive industry. Asia Pacific is estimated to continue to lead the global market, with the market in the region expanding at a CAGR of above 3% during the forecast period. Prominent economies in Asia Pacific such as China, Japan, and South Korea are hubs of the electronics industry.

Based on material, the global ESD protection devices market has been divided into ceramic and silicon. The silicon segment is expected to reach value of over US$ 2,000.0 Mn by 2026. Silicon is significantly used in ESD protection devices, as the material offers high ESD protection performance.

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Due to this, several manufacturers including ROHM Semiconductor and Protek Devices are manufacturing ESD protection devices based on silicon. Furthermore, silicon-based ESD protection devices are being largely used in the consumer electronics industry. Additionally, silicon provides more power in less area. Hence, it is highly useful for smaller electronic devices that are more susceptible to electrostatic discharge (ESD).