- The benefits of EMI shielding such as enhanced safety and operation efficiency to the end user may assist greatly in increasing the growth rate of the global EMI shielding market
- Asia Pacific and North America may serve as a prominent growth contributing regions for the EMI shielding market during the forecast period
ALBANY, New York, July 20, 2020 /PRNewswire/ -- The increasing demand for consumer electronics and the booming automobile sector may serve as prominent growth generating factors for the global EMI shielding market. Furthermore, the ongoing innovations in particle-filled elastomers and silicone compounding may help the EMI shielding market to penetrate across untapped applications due to extended benefits.
Considering the aforementioned growth factors, the researchers at Transparency Market Research (TMR) predict the global EMI shielding market to expand at a CAGR of 7.2% during the forecast period of 2019 to 2017. The global EMI shielding market was valued at US$ 6.3 bn in 2018 and is estimated to reach US$ 11.4 bn by 2027.
EMI shielding has gained considerable traction in the electronics industry. A string of factors such as novel technological advancements and frequent product launches may bring immense growth opportunities for the EMI shielding market from 2019 to 2027. The large-scale usage of varied EMI shielding materials in diverse applications may further encourage the growth of the EMI shielding market.
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EMI Shielding Market: Key Findings
- Consumer electronics may serve as the leading growth contributor in terms of application throughout the forecast period of 2019-2027
- Asia Pacific may serve as a prominent region of growth for the EMI shielding market due to rapid technological advancements
- North America held a market share of 27% in 2018 and is likely to emerge as the second-largest growth contributing region across 2019-2027
- Europe may also incur substantial growth for the EMI shielding market from 2019 to 2027
Explore 172 pages of in-depth research, incisive insights, and detailed country-level projections. Analyze and discover the latest developments in the EMI Shielding Market (Material Type: Conductive Polymers, Conductive Coatings and Paints, Metal Shielding Products, and EMI/EMC Filters; and End-use Industry: Telecommunication and IT, Healthcare, Aerospace and Defense, Automotive, and Consumer Electronics) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027 at https://www.transparencymarketresearch.com/pressrelease/emi-shielding-market.htm
EMI Shielding Market: Growth Prospects
Technological innovations in the field of consumer electronics coupled with the booming automobile sector may invite tremendous growth opportunities for the EMI shielding market across the forecast period.
- The use of EMI shielding in automobile devices such as keyless ignitions, remote starters, power windows, and power seats may invite sizeable growth for the EMI shielding market
- The aerospace sector is also witnessing an increase in demand for EMI shielding as it helps in reducing electromagnetic interference during operations
- Key players in the EMI shielding market are in constant pursuit of business expansion through discovering opportunities in untapped sectors and applications; this aspect may eventually result in an increased growth rate across the forecast period
- Medical equipment can be protected through EMI shielding. Therefore, the use of EMI shielding in novel applications may trigger good growth opportunities for the EMI shielding market
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EMI Shielding Market: Growth Dampeners
Stringent rules and regulations imposed by the European Union and other countries regarding the restriction of electromagnetic radiations from electronic devices may prove to be a major obstacle for producing advanced electronic devices. This, in turn, will indirectly prove to be a growth obstacle for the EMI shielding market. The high cost of EMI shielding process equipment may clip the wings of growth of the EMI shielding market.
EMI Shielding Market: Prominent Participants
Some well-established players in the EMI shielding market are 3M, Chomerics, Omega Shielding Products, Schaffner Group, ETS-Lindgren, HEICO Corporation, RTP Company, Laird PLC, and Tech-Etch, Inc.
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Global EMI Shielding Market: Segmentation
By Material Type
- Conductive Coatings and Paints
- Conductive Polymers
- EMI/EMC Filters
- Metal Shielding Products
- Others
By End-use Industry
- Telecommunication and IT
- Healthcare
- Automotive
- Aerospace and Defense
- Consumer electronics
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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