Electrostatic Discharge Testing Equipment Market is segmented by type (Desktop, Handheld); by Application (Electronics Industry, Automobile Industry, Medical Industry, Communications Industry, Computer Industry, Aerospace Industry, Others); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2023-2032
Electrostatic Discharge Testing Equipment Market Overview
When two differently-charged objects are bought close together there is a rapid and quick flow of electric current, known as electrostatic discharge (ESD). ESD can cause damage to sensitive electronic devices for which a testing equipment, known as electrostatic discharge testing equipment, is required to detect the spectacular electric sparks. Electrostatic discharge Testing Equipment Market is mainly indicated in expanding the growth of auto electronics sectors such as laptops, desktops, smart phones, and many others. In daily life of consumers there is an increasing requirement of automation therefore there is a large market growth in the electronics sector such as television. PARKER-HANNIFIN CORP, PPG Industries, and 3M Company are some of the significant parties in the market for electrostatic discharge testing equipment.
The global electrostatic discharge testing equipment market was valued at USD 582.6 million in 2023. The market is expected to expand at a CAGR of 6.1% from 2023-2032, and is expected to cross value of USD 1201.2 million by the end of 2032.
Electrostatic Discharge Testing Equipment Market Drivers
Some key drivers for the electrostatic discharge testing equipment market are:
- Growing Demand for Industrial Equipment amongst End User Industry: In different end user industries like military, healthcare, manufacturing, automotive, and aerospace industries several types of industrial equipment are used. This equipment is prone to electrostatic discharge and hence may get damaged. To protect the equipment testing of electrostatic discharge is required. Therefore, such a factor is expected to drive the market growth.
- Increasing Demand for Consumer Electronics: The demand for consumer electronic products is rising. Hence, the manufacturers need to test the product before releasing into the market. This raises the opportunity for market growth.
- Increase in the Miniaturization of Electronic Circuits: Due to the miniaturization of electronic circuits the testing process of the circuits differ. As a result, the need for testing equipment would also differ and hence would contribute to the market growth.
- Surge in Research and Development Activities: The surge in research and development activities in the electrical and electronic Industry is expected to drive the market growth of electrostatic discharge testing equipment.
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Electrostatic Discharge Testing Equipment Market Challenges
Some challenges facing the electrostatic discharge testing equipment market are:
- High cost of electrostatic Discharge Equipment: The high cost of electrostatic discharge equipment can reduce the growth of market in the coming years.
- Lack of Availability of Trained Professionals: The lack of trained professionals for using the testing equipment is one of the major cause to hinder the market growth.
- Lack of Awareness in the under Developed and Developing Nations: The lack of awareness about the testing equipment in the developed and under developed nations may hinder the growth of the testing equipment market.
Electrostatic Discharge Testing Equipment Market Segmentation
Segmentation of electrostatic discharge testing equipment market are:
- By Type
- Desktop
- Handheld
- By Application
- Electronic Industry
- Automobile Industry
- Medical Industry
- Communications Industry
- Computer Industry
- Aerospace Industry
- Others
- By Region
- North America (U.S., and Canada)
- Europe (U.K., Germany, France, Italy, Spain, Russia, Rest of Europe)
- Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
- Latin America (Mexico, Argentina, Rest of Latin America)
- Middle East and Africa
Electrostatic Discharge Testing Equipment Market: Report Scope |
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|
Base Year |
2023 |
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Base Year Market Size |
USD 582.6 Million |
|
Forecast Year |
2023-2032 |
|
Forecast Year Market Size |
USD 1201.2 Million |
|
CAGR Value |
6.1% |
|
Segmentation |
|
|
Challenges |
|
|
Growth Drivers |
|
Timeline considered for all these studies will be:
2023 – Base Year
2023 – Estimated Year
2023-2032 – Forecast Period
Electrostatic Discharge Testing Equipment Market Regional Synopsis
The market share in the North American region is highest as the region possesses a strong electronics manufacturing sector. Countries such as the United States has several manufacturers that produces a wide range of electronic components and devices, thereby creating multiple opportunities for market growth.
The Asia Pacific electrostatic discharge testing equipment market is expected to grow significantly owing to the presence of countries such as China, Taiwan, South Korea, Japan, Vietnam, and India among others who are the world leaders for manufacturing different types of electrical and electronic products. T the region has also been witnessing an upsurge in the exports of electronic goods which promises multiple opportunities for market growth.
Electrostatic Discharge Testing Equipment Market Key Players
Some key players in the electrostatic discharge testing equipment market are:
- PARKER-HANIFFIN CORP
- PPG Industries
- 3M Company
- Henkel AG & Co. KGaA
- Laird Technologies, Inc.
- Kemtron Ltd.
- Keysight Technologies
- RTP Company
- Tech Etch,Inc
- Sika AG
- Teknis Limited
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- Publication date: 17th February 2024
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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