Press release
EMI Shielding Market Forecast 2024-2033 - Major Trends, Segments And Fastest Growing Regions | Saint-Gobain S.A., 3M Company, Henkel AG & Co. KGaA, TDK Corporation, PPG Industries, Inc.
EMI Shielding Global Market Report
The Business Research Company presents an extensive market research report on the EMI Shielding Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The emit shielding market size has grown strongly in recent years. It will grow from $6.56 billion in 2023 to $6.94 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to increasing electronic device usage, rising telecommunication infrastructure, advancements in automotive electronics, wireless technology proliferation, increasing miniaturization of electronics.
The emit shielding market size is expected to see strong growth in the next few years. It will grow to $8.7 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to rapid growth in 5G technology, expansion of the Internet of Things (IoT), increasing electrification in vehicles, higher adoption of wearable devices, growing aerospace and defense applications. Major trends in the forecast period include stringent emit regulations, growth in aerospace and defense applications, focus on sustainable emit shielding materials, integration of emit shielding in PCB design.
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Key Market Players:
Major companies operating in the emi shielding market report are Saint-Gobain S.A., 3M Company, Henkel AG & Co. KGaA, TDK Corporation, PPG Industries, Inc., TE Connectivity Ltd., Parker-Hannifin Corporation, Emcor Technologies, Huntsman International LLC, W. L. Gore & Associates, Inc., Molex, LLC, HEICO Corporation, Kitagawa Industries Co. Ltd., Chomerics, RTP Company Inc., Laird Technologies Inc., Schaffner Holding AG, Tech Etch Inc., Sealing Devices Inc., Greene Rubber Company, ETS-Lindgren, Inc., Intermark USA, Inc., Leader Tech Inc., Orbel Corporation, Omega Shielding Products Inc., Spira Manufacturing Corporation, Magnetic Shield Corporation, EMI Solutions Pvt. Ltd., Zippertubing Company, Marktek Inc.
Market Drivers:
The growing demand for consumer electronics is expected to boost the growth of the EMI shielding market going forward. Consumer electronics are any electronic devices designed to be purchased and used by end users, or consumers, for daily and non-commercial or professional purposes. In electronic devices and equipment, EMI shielding refers to the use of manufacturing processes and materials to shield signals from interference from outside electromagnetic signals as well as from generated signals interfering with nearby components. EMI shielding in consumer electronics is used in flat-screen displays, desktop, laptop, and server computers, as well as portable electronic devices such as GPS units and cell phones. For instance, according to the Consumer Technology Association (CTA), a US-based standard-setting and trade organization, revenue for the US consumer electronics sector is projected to reach a record $505 billion in 2022. The estimates show a 2.8% increase in revenue over the outstanding 9.6% growth over 2020 in 2021. Furthermore, according to Eurostat, a UK-based directorate general of the European Commission, high-tech goods made up 18% of all exports and 19% of all imports into the EU in 2021, and the sale of high-tech goods climbed from €258 billion ($274 Billion) in 2011 to €368 billion ($293 Billion) in 2021. Therefore, the growing demand for consumer electronics is driving the growth of the EMI shielding market.
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https://www.thebusinessresearchcompany.com/report/emi-shielding-global-market-report
The EMI shielding market covered in this report is segmented -
1) By Methods: Radiation, Conduction
2) By Material: Conductive Coatings And Paints, Conductive Polymers, Metal Shielding, EMI And EMC Filters, EMI Shielding Tapes And Laminates
3) By End Use Industry: Consumer Electronics, Automotive, Telecommunications And Information Technology, Healthcare, Aerospace, Other End Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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