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EMI Shielding Global Market Report 2024 Market Research Report 2024-2033 | Size, Growth, Demand, Trends
EMI Shielding Global Market Report
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According to The Business Research Company's, 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 Drivers and Trends:
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.
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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
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.
EMI Shielding Market 2024 Key Insights:
• 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%.
• Surging Consumer Electronics Demand Propels Growth In EMI Shielding Market
• EMI Shielding Market's Strategic Collaborations Drive Technological Advancements
• Asia-Pacific was the largest region in the EMI shielding market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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