EMI Shielding Materials Market Industry Analysis | Top Major Players 3M Company, Chomerics, ETS-Lindgren, Henkel AG & Co. KGaA, Kitagawa Industries Co., Ltd., Laird Plc., Leader Tech Inc., PPG Industries Inc., RTP Company, Schaffner Holding AG

According to Report published by coherent market insights "EMI shielding materials market was valued at US$ 5.38 billion in 2016 and is projected to witness a CAGR of 6.23% in terms of revenue, during 2018 – 2026."
Electromagnetic interference (EMI) shielding materials are materials used for preventing damages to the electronic equipments or devices due to electromagnetic interference.

The broad range of military, industrial, commercial and other applications of electronic devices is creating a new form of pollution called electromagnetic interferences (EMI). The growing complexity of the electronic systems in form of higher packing is resulting in EMI. EMI comprises of numerous undesirable radiated signals which causes unacceptable multifunctioning, degradation, or interference of the equipment. The noise coming from the car speakers while talking on the cell phones and electrostatic discharge which causes distorted static television reception are few common instances of electromagnetic interference.

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EMI can cause damage to safety operations and communication systems of electronic devices. High frequency signals used in the microprocessor controlled equipments can get transmitted to the surrounding environment and cause malfunctioning to other nearby devices. EMI can also cause health hazards such as insomnia, languidness, headache, and nervousness, owing to exposure of electromagnetic radiations.

Asia Pacific estimated as the largest and the fastest growing EMI shielding materials market and was valued at US$ 2.62 billion in 2016. This is mainly owing to rapidly growing automobile and consumer electronics industries in the region. According to the statistics provided by India Brand Equity Foundation (IBEF), the Indian OEM sector is estimated to reach US$ 16.5 billion by 2021 from US$ 7 billion in 2016. The Indian electronic market is estimated to witness a CAGR of 24.4%, to reach approximately US$ 400 billion by 2022 from US$ 69.6 billion in 2012. Also, the automobile industry in China exhibited year-on-year growth of 4.8% by production and 5.3% by sales in 2017, as per the statistics provided by the China Association of Automobiles Manufactures (CAAM).

North America is estimated as the lucrative market for EMI shielding materials, owing to various government regulations on EMI. For instance, in U.S., EMI guidelines for commercial equipment are given in The Code of Federal Regulations (CFR), section 47 in Parts 15, 18, and 68 and military guidelines are detailed in military standards such as MIL-STD-461E and MIL-STD-464.

EMI shielding materials market was valued at US$ 5.38 billion in 2016 and is projected to witness a CAGR of 6.23% in terms of revenue, during 2017 – 2025.

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This release was published on openPR.