Press release
EMI Shielding Market Growing Demand and Huge Future Opportunities by 2031
The global EMI shielding market was valued at US$ 6 Bn in 2021
It is estimated to grow at a CAGR of 6.4% from 2022 to 2031
The global EMI shielding market is expected to cross US$ 10.6 Bn by the end of 2031
๐๐๐ญ ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ -https://www.transparencymarketresearch.com/emi-shielding-market.html
๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ๐ฌ' ๐๐ข๐๐ฐ๐ฉ๐จ๐ข๐ง๐ญ ๐จ๐ง ๐๐๐ ๐๐ก๐ข๐๐ฅ๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ง๐๐ซ๐ข๐จ
EMI shielding manufacturers should tap into opportunities in the electric vehicle industry. Electric vehicles are equipped with advanced features such as onboard GPS navigation systems, touchscreen systems, Bluetooth, hands-free systems, etc. The high level of electronics in these vehicles has led to challenges when dealing with electromagnetic interference. This, in turn, has propelled the demand for EMI shielding. Moreover, the defense sector has been extensively utilizing UAVs or drones equipped with infrared cameras, GPS, and lasers.
๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ ๐จ๐ ๐๐๐ ๐๐ก๐ข๐๐ฅ๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ
Electromagnetic interface shielding can be installed to isolate the electromagnetic fields. EMI shielding is a technique of creating a barrier that prevents leakage of a strong electromagnetic field that can interfere with sensitive devices and signals. Electromagnetic interference or, RF shielding material, is an issue for most electronics, since it can decrease the performance of the circuit.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=23681
Moreover, rise in the adoption of electric vehicles is anticipated to create significant opportunities for the EMI shielding market during the forecast period. The demand for electric vehicles is witnessing a new wave. According to the IEA, sales of electric cars stood at around 2.1 million. The electric vehicles industry accounts for 2.6% share of the total automobile sales, and they are estimated to reach around 140 million vehicles globally by 2030.
๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ซ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ญ๐จ ๐๐๐๐๐ซ ๐๐ฎ๐๐ซ๐๐ญ๐ข๐ฏ๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ญ๐จ ๐๐๐ ๐๐ก๐ข๐๐ฅ๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ
Based on end-use, the consumer electronics segment dominated the global EMI shielding market and held 33.1% share in 2021. Furthermore, the segment is expected to expand at a moderate CAGR of 6.67% during the forecast period.
๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ | ๐๐๐ฏ๐ ๐ฎ๐ฉ ๐ญ๐จ ๐๐% ๐๐ฒ ๐ฉ๐ฎ๐ซ๐๐ก๐๐ฌ๐ข๐ง๐ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ -https://www.transparencymarketresearch.com/checkout.php?rep_id=23681<ype=S
In consumer electronics, EMI shielding is utilized in smartphones, laptops, personal drones, tablets, fitness trackers, GPS systems, and several electronic equipment. The demand for consumer electronic is increasing, owing to rise in digitization and automation, globally. Moreover, an increase in per capita and disposal income has fueled the demand for consumer electronics in developing as well as developed countries.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ ๐๐ก๐ข๐๐ฅ๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ
In terms of value, Asia Pacific held 40% share of the global EMI shielding market in 2021. The EMI shielding market in the region is anticipated to expand at a CAGR of 6.57%, in terms of value, during the forecast period.
๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐จ๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ ๐๐ก๐ข๐๐ฅ๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ
The global EMI shielding market comprises several small and large-scale manufacturers and suppliers that control majority of the share. Most of the firms are adopting new technologies and strategies with comprehensive research and development, primarily to increase flexibility and manufacturing operations. Diversification of product portfolio and mergers & acquisitions are key strategies adopted by market players, including 3M Company, Laird Technologies Inc., Huntsman International LLC, RTP Company, Marktek Inc., ETS-Lindgren, Tech-Etch, Inc., Omega Shielding Products, HEICO Corporation, SCHAFFNER HOLDING AG, Parker Hannifin Corporation, PPG Industries, and Henkel AG and Co. KGaA.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=23681
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก -
Barite Market - https://www.accesswire.com/718291/Barite-Market-to-Expand-at-A-CAGR-of-5-During-Forecast-Period-Notes-TMR-Study
Plastic Compounding Market - https://www.prnewswire.com/news-releases/plastic-compounding-market-size-worth-us-107-6-bn-by-2031--tmr-study-301638025.html
๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
Nikhil Sawlani
Transparency Market Research Inc.
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