Press release
EMI Shielding Market Research Report 2024-2033 | Size, Growth, Demand, Trends
EMI Shielding Market
The Business Research Company offers in-depth market insights through EMI Shielding Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
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
Major Driver - Surging Consumer Electronics Demand Propels Growth In EMI Shielding Market
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.
Competitive Landscape:
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.
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Top Trend - Integration Of Advanced Materials Reshapes EMI Shielding Landscape
Major companies operating in the EMI shielding market are focused on developing technologies such as Integration of Advanced Materials in EMI shielding to strengthen their position in the market. the integration of advanced materials in the EMI shielding market contributes to improved performance, flexibility, sustainability, and adaptability to the evolving needs of various industries. For instance, in March 2021, NanoEMI, a Poland-based deep-tech graphene company, developed composites capable of blocking electromagnetic radiation to address electromagnetic interference (EMI) in electronic devices. The company's innovative solutions leverage graphene nanotechnology to create composites that can block electromagnetic radiation, with demonstrated effectiveness of up to 70 dB per 1 mm of sample thickness. This technology is a significant advancement, offering a formidable alternative to traditional metal-based solutions for EMI shielding.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. EMI Shielding Market Characteristics
3. EMI Shielding Market Trends And Strategies
4. EMI Shielding Market - Macro Economic Scenario
5. EMI Shielding Market Size And Growth
…..
27. EMI Shielding Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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