Electrostatic Discharge Products Market - Forecast(2024 - 2030)

Electrostatic Discharge Products Market Overview

The Electrostatic Discharge Products Market size is forecast to reach $4.2 billion by 2027, growing at a CAGR of 6.5% during the forecast period 2022-2027. The growth of the Electrostatic Discharge Products Market is mainly attributed to increasing growth of auto-electronics sectors such as smart phones, laptops, desktops, Tablets and many others. Electrostatic Discharge Products is a method which is used to protect a sensitive signal from external electromagnetic signals or preventing a stronger signal from leaking out and interfering with surrounding electronics including eslectrostatic charge and tribocharging. For instance, it can cover PCB elements such as Integrated circuit chips, and active components or connectors and cables between electronic circuit boards to protect signal leaking. With the increasing demand and production of consumer electronics in global level, the need of Electrostatic Discharge Products technology is of prime focus by the component manufacturers. For instance, several companies have been investing heavily for the production of electronic products. India aims to produce $25 billion worth of mobile phones by 2022 and overall $190 billion worth of mobile phones by 2025. This increasing investment in the consumer electronics sector has brought significant growth in the demand of Electrostatic Discharge Products including personal protection and tapes and shrink films.

Electrostatic Discharge Products Market Report Coverage

The report: “Electrostatic Discharge Products Industry Outlook – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Electrostatic Discharge Products Market Report. 

Key Takeaways

• Key players including Parker-Hannifin, PPG Industries, 3M, Henkel and Keysight Technologies, accounted for major market share in the consolidated market, with contracts and partnerships being adopted as key strategies.
• The major driving factor in the Electrostatic Discharge Products Market is increased production of consumer electronics in global market. Due to rising demand of automation in daily-life of consumers, there is a huge market growth in in the electronics sector such as televisions. Various televisions of different specifications are used in multiple end-use industries. This tend to propel the demand of Electrostatic Discharge Products further driving its market growth.
• Electromagnetic frequencies can affect many sensitive electronics and can cause a wide variety of different issues. From a simple hiss on a communication line, to a total disruption of a safety-critical signal, these electromagnetic frequencies can cause severe damages. This malfunction can be simply solved by Electrostatic Discharge Products technology which set to drive its market growth in Telecommunication sector.
• Asia-Pacific is the largest market for Electrostatic Discharge Products Market, accounting for majority of the global market share in 2021 owing to increased demand for consumer electronics and availability of tech-giant economies such as China, Japan, Korea and India. For instance, according to World Trade Organization (WTO), China is the largest exporter of consumer goods of worth $ 2499.45 Billion. This increased output has flourished major electronics components market growth including Electrostatic Discharge Products and is expected to rise in forecast period.

Electrostatic Discharge Products Market Segment Analysis – By Type

Electrostatic Discharge Products Market Segment Analysis – By End Use Industry 

By end-user, the Electrostatic Discharge Products market is segmented into Consumer electronics, telecommunication, automotive, industrial, Aerospace & defense, healthcare and others. The Industrial sector segment for the Electrostatic Discharge Products Market is poised to grow at a CAGR of 7.6% in the forecast period 2022-2027. Industrial sector is considered as a major end use industry owing to a wide range of equipment for serving applications like robotics, machine tools and many others using automated guided vehicles, cranes, automated warehousing systems and others. Since, this heavy-duty machinery equipment is susceptible towards electromagnetic radiations, there are generally a variety of products including shielded coatings, gaskets, enclosures, RF absorbers and so on, to avoid production delays within the industrial environments. Moreover, with increasing shift towards Industry 4.0 for improving production and manufacturing facilities across various industries have been causing high demands towards automated machine tools along with industrial robots. This has brought significant growth in the demand of Electrostatic Discharge Products in Industrial sector further propelling its market growth.

Electrostatic Discharge Products Market Segment Analysis – By Geography

North America holds a dominant share of 37.6% in the Electrostatic Discharge Products Market in 2021, which can be attributed to increased investments in the Consumer Electronics and Healthcare sector. Increasing adoption of EMI shielding in telecommunication sector due to increase in investments in 5G technology propels the market growth. United States is analyzed to hold the major share in North America region. The market in United States is mainly driven by technological progress and increasing demand for LEDs in a wide array of consumer electronic devices. Besides, the electronics manufacturing services (EMS) industries in the region have also grown in the last couple of years which have also been boosting the Electrostatic Discharge Products market. For instance, in 2020, Ericsson has committed to increase US investments to support accelerated 5G deployments. Furthermore, aerospace and defense engineers opt for innovative EMI, EMC and RFI shielding solutions and materials to protect safety- and mission-critical systems from intentional and unintended electronics emissions. These major investments will bring significant growth in the demand of Electrostatic Discharge Products further propelling its market growth.

Electrostatic Discharge Products Market Drivers 

Growing adoption in telecommunication industry

Rise in Production of Electric Vehicles

Electrostatic Discharge Products plays a major role in the automotive sector, especially in the new global trend of Electric vehicles. The automotive industry has recently experienced a tremendous push towards electrification and all OEMs are planning to develop new electric cars. Especially hybrid (HEV) and battery electric vehicles (BEV) are developed and needed to fulfil ambitious CO2 emission targets faced by OEMs. With the introduction of a high voltage system and the flow of high currents feeding the drive train, novel concepts are required to ensure that the newly developed vehicles fulfil electromagnetic emission standards and human safety requirements. As Electrostatic Discharge Products helps in reducing electromagnetic emissions, so the demand for Electrostatic Discharge Products is increasing in the forecast period. Moreover, rise in production of vehicles provide significant opportunities in the forecast period. For instance, in 2019, Ford had planned to invest $1.45 billion through 2021 in the Detroit plants in U.S., to produce the vehicles. Similarly, Toyota is looking to invest $749M in 2021 in expanding the U.S. manufacturing facilities to increase the production of the RAV4 hybrid and Lexus ES 300h hybrid vehicles. These rising investments in the electric vehicles production will bring significant growth in the demands of Electrostatic Discharge Products technology further driving its market growth in the forecast period.

Electrostatic Discharge Products Market Challenges

Increasing technology upgrades offering miniature components and high processing cost

Advancements in integrated circuits and power systems have dramatically reduced the size of various electronic devices, such as smartphones, cameras, TVs, and computers. The miniaturization of such devices leads to concerns related to the interference of signals within the device as the technology integrates various components (transmitters, sensors, receivers, and others) in a single compact enclosure. The smaller size of the components and their proximity largely increases the chances of exposure to EMC from adjacent components within the same device. The smaller size also reduces the overall space available for Electrostatic Discharge Products solutions. It is very hard to identify EMI in such small circuitry. Moreover, the high cost of Electrostatic Discharge Products increases the overall cost of the end product and acts as restrain for the market growth. Further growing alternative processes competing with Electrostatic Discharge Products Compounds such as foils and conductive fabrics, metallic inner shields, and plastics with a conductive coating are also analyzed to hamper the growth in the forecast period 2022-2027.

Electrostatic Discharge Products Market Landscape

Partnerships and acquisitions along with contracts and up gradation are key strategies adopted by players in the Electrostatic Discharge Products Market. In 2021, the market for the Electrostatic Discharge Products remained consolidated, with the top 10 players accounting for over 45% of Electrostatic Discharge Products market share. The Electrostatic Discharge Products top 10companies include

1. Parker-Hannifin
2. PPG Industries
3. 3M Company
4. Henkel
5. Laird Technologies, Inc.
6. Kemtron Ltd.
7. Keysight Technologies
8. RTP Corporation
9. Tech-Etch, Inc. 
10. Sika AG
11. Teknis Limited

Recent Developments

• On May 2020, Sika launched new Electrostatic Discharge Coating solutions. The new Sikafloor 2350 Electrostatic Discharge combines the electrical conductivity with all the properties customers expect from an epoxy floor coating. 
• On June 2020, PPG Industries introduced Teslin ESD/RF shielding material. These materials have unique shape and also have high conductivity. These materials provide durable grounding path.
• In November 2020, Antistat launched a new Electrostatic Discharge Anti-fatigue Matting range. This new range of matting is constructed from a blend of PU, nitrile and high-quality EPDM rubber, with durability and safety central to their design and construction.

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