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EMI Shielding Market Research 2024-2033: Outlook, Overview, and Competitor Analysis
EMI Shielding Market Research
As per the report, 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 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%.
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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.
EMI Shielding Market's Strategic Collaborations Drive Technological Advancements
Product innovation is a key trend gaining popularity in the EMI shielding market. Major companies operating in the EMI shielding market are undergoing into strategic collaborations to strengthen their position in the market. For instance, in March 2021, Seaman Corporation, a US-based plastic fabrication company that manufactures fabrics and membrane products, and V Technical Textiles, Inc. (VTT), a US-based manufacturer of RF/EMI shielding and conductive textile products, together launched Shelter-Rite RF, an innovative new product that offers technologically superior safety and security in circumstances that call for a more durable and stronger RF shielded material. This high-performance PVC-coated textile enables the use of these lightweight RF shielding materials in environments where they were previously impractical.
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
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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.
Contents of the report:
1. Executive Summary
2. EMI Shielding Market Report Structure
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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