EMI Shielding Materials Market Analysis: Growth Challenges, Opportunities And Forthcoming Developments

“The proliferation of consumer electronic devices, an increase in sensor density being a hallmark of smartphones, and the need to comply with EMI shielding guidelines are the key factors contributing to the growth of the EMI shielding market.”

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Market Insights

The EMI Shielding Materials market is expected to reach US$ 7.5 bn by 2023, growing with a high CAGR during the forecast period. The market is witnessing growth due to ongoing demonstrations of field trials and pilot projects for developing the viability of 5G technology, and also due to stringent EMI regulations and the increasing deployment of electronic systems across the automotive industry.

Moreover, the high demand for EMI shielding materials from 4G/LTE cellular infrastructure and compliance to EMI regulations are the key factors to foster the growth of the EMI shielding materials market. In addition to these, the market is growing due to the increase in sources generating electromagnetic fields and the reliability of these materials to protect electronic devices from electromagnetic radiation.

Key Insights:
• The telecommunications industry has been growing at a consistent pace in the last few years.
• The automotive industry is expected to fuel the growth of the EMI shielding materials market during the forecast period.
The Asia-Pacific region is the largest and the fastest growing EMI shielding materials market during the forecast year.
• The automobile industry in China exhibited a year-on-year growth rate of 4.8% by production and 5.3% by sales in 2017, as per the statistics provided by the China Association of Automobiles Manufacturers (CAAM).
Market Dynamics

The EMI shielding material market is growing across the globe due to stringent regulations on EMI emissions by regulatory bodies such as The International Electrotechnical Commission (IEC) via its International Special Committee on Radio Interference. In addition to this, the growing use of electronic systems in automobiles and healthcare industries, development of 4G/LTE infrastructure, and the increasing demand for next generation integrated electronic circuits are other key factors that are accelerating the market growth.

In the telecommunications industry, EMI shielding materials are primarily being used in communication towers and associated wires and cables, and in server rooms and related instrumentation. EMI shielding materials also help in protecting electronic devices during extreme environmental conditions such as strong winds. The demand for EMI shielding materials is witnessing growth due to the increasing technological development such as smartphones and Internet. A rise in the use of these technologies is further expected to increase the emission of electromagnetic signals. Therefore, it is important that signals do not interfere with each other, which can be ensured by the use of EMI shielding materials.

However, the high cost associated with EMI shielding increases the overall cost of devices. Hence, the selection of right materials plays a very crucial role in the pricing of any electronic/electrical device. EMI shielding materials must be both cost-effective and should comply with emission standards laid down by the European Union under initiatives like Restriction of Hazardous Substances (RoHs) and Waste Electrical and Electronic Equipment (WEEE). Finally, they should be capable of being safely disposed of or recycled at the end of the product life.

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Competitive Intelligence
The EMI Shielding Materials market is highly competitive market, as various players operating in this market. Various mergers & acquisitions, joint ventures & partnerships, product developments, and expansions, among others, are some of the key strategies that are taken up by the manufacturers for ensuring the long-term sustenance in this market.

The major players operating in the EMI shielding materials market include 3M Company, Laird Plc, Leader Tech Inc., LG Chem Ltd., Parker Hannifin Corporation, Henkel AG & KGaA, KGS Kitagawa Industries Co. Ltd., PPG Industries Inc., Laird Plc, Leader Tech Inc., LG Chem Ltd., RTP Company, Schaffner Holding A.G., Tech-Etch Inc., and ETS-Lindgren Inc., and others.

Key Questions Answered:
• What are the key drivers, restraints, opportunities, and challenges in the market and how are they expected to impact the market?
• What are the microeconomic and macroeconomic factors impacting the overall growth of the market?
• Who are the key market players and their key competitors?
• Who are the key market players at different stages of the value chain?
• What are the recent trends in the market? (M&A, partnerships, new product developments, expansions)

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This release was published on openPR.