Asia Pacific is Expected to Dominate the Electromagnetic Interference Shielding Market until 2028
Increasing usage of EMI
shielding across various industries and rapid digitalization are expected to drive
the Global Electromagnetic Interference Shielding Market during the forecast
period of 2024-2028.
According to TechSci Research report, “Electromagnetic
Interference Shielding Market – Global Industry Size, Share, Trends, Opportunity,
and Forecast. 2018–2028”, the Global Electromagnetic Interference Shielding
Market is anticipated to register a robust growth during the forecast period,
2024-2028 because increasing demand for consumer electronics, rapid
digitalization and growth of automotive industry are one of the key factors
driving the growth of the market. Furthermore, widespread utilization of EMI
shielding in consumer electronics is providing a boost to the market growth. In
line with this, product manufacturers are using conductive coatings and paints
that offer EMI shielding for non-metallic surfaces and plastics in smartphones
and telecommunication, medical and military devices. Apart from this,
significant growth in the automotive industry is also creating a positive
impact on the market growth.
Furthermore,
electromagnetic interference shielding used in GPS navigation, hands-free
features, and Bluetooth devices to ensure minimal EMI and optional performance
of the equipment. Other factors, including various advancements in the 4G and
5G network technologies, along with the implementation of favorable government
policies to minimize electromagnetic radiations in the environment are
projected to drive the market further.
Recent Developments in
Global Electromagnetic Interference Shielding Market:
- In October 2020, the launch of Nanotech EMI Armour
Paint & Sheets, graphene-powered coatings, and films for electromagnetic
interference (EMI), radio frequency interference (RFI), as well as heat
management, was announced by Nanotech Energy Inc., a major producer of
graphene.
- In 2022, Parker Hannifin entered a partnership with
Cummins, a leader in motion and control technologies. Under this partnership, to
enable consumers to monitor diagnostic messages and receive real-time alerts
for both Parker components and Cummins engines, firms integrated the Mobile IoT
platform of Parker with Cummins's linked engine solutions.
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TOC on "Electromagnetic Interference Shielding Market"
Global Electromagnetic Interference Shielding Market is segmented by material, methods,
end user, and by region.
Based on end user, consumer
electronics is expected to dominate the Global Electromagnetic Interference
Shielding Market due to the demand for consumer electronics is increasing,
owing to digitization and automation. Moreover, government support,
technological advancements, increasing connected homes and increasing demand
for miniaturization of electronic devices has fueled the demand for consumer
electronics in developing as well as developed countries. In addition to this, several
government authorities are making efforts to promote the growth of electronic products. Many initiatives are being undertaken to
integrate modern technologies such as 5G, IoT, AI, and machine learning in
electrical equipment. This will push the growth of the consumer electronics
market. Increasing investments are being undertaken to boost domestic
electronic manufacturing hubs.
Based on regional analysis, Asia-Pacific
is the dominating region in the Global Electromagnetic Interference Shielding
Market because China is major market for EMI shielding in Asia Pacific. It is predicted
to continue to dominate during the forecasting period. Furthermore, countries
with developing economies like India, China, Japan, South Korea, and Australia
are seen to have a significant growth potential for the development of EMI
shielding materials. India is the second-largest market in the Asia Pacific for
EMI shielding materials. Moreover, as compared to the global growth rate of the
relevant industries, Asia Pacific is experiencing fast growth in the
automotive, electronics, and defense & aerospace sectors owing to the
factors such as government investment and initiatives, increasing smartphone
penetration, ramping civilian and military applications etc. The end-use
applications and demand for EMI shielding materials in the area are projected
to expand as a result.
Major
market players operating in the Global Electromagnetic Interference Shielding Market
are:
- Minnesota Mining and Manufacturing Company
- ETS-Lindgren Inc.
- Henkel AG & Co. KGaA
- Kitagawa Industries America, Inc.
- RTP Company
- Laird Technologies, Inc.
- Huntsman International LLC.
- Marktek, Inc.
- Tech Etch, Inc.
- Omega Shielding Products, Inc.
- HEICO Corporation
- PPG Industries Ohio Inc.
- Leader Tech Inc.
- Parker Hannifin Corporation
- Spira Manufacturing
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“Due to developments in the electronics sector, there has been a sharp rise in
the demand for innovative materials in the field of electromagnetic
interference shielding over the past few decades. Additionally, EMI shielding
is becoming more popular in the electronics sector due to the use of
electronics across different sectors, including automotive, defense &
aerospace, healthcare, telecom & IT, consumer electronics, etc. Another
important element influencing the need for EMI shielding materials is
advancements in the telecom and IT sectors. Consumers now have easier access to
the internet and related services due to telecom technology developments and
internet's quick uptake, which has increased demand for electromagnetic
interference shielding.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Electromagnetic
Interference Shielding Market- Global Industry Size, Share, Trends,
Opportunities, and Forecast 2018-2028. Segmented By Material (Conductive
Polymers, Conductive Coatings & Paints, EMC/EMI Filters, Metal Shielding,
Tapes & Laminates), By Methods (Radiation and Conduction), By End User
(Automotive, Consumer Electronics, Healthcare, Aerospace & Defense,
Healthcare, IT & Telecom), By Region, Competition”, has evaluated the future growth
potential of Global Electromagnetic Interference Shielding Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Electromagnetic Interference Shielding Market.
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