Press release
Noise Suppression Components Market Poised for 13% Growth, Set to Hit $12.79 Billion by 2029
Noise Suppression Components Market Share
The growth of the noise suppression components market is anticipated to be fueled by the escalating demand for consumer electronics. Personal electronic devices such as smartphones, laptops, TV sets, and domestic appliances, collectively referred to as consumer electronics, enrich daily lifestyle and entertainment. The surging demand for these gadgets is a result of technological progress, increased dependence of consumers on digital devices and the emergence of smart home solutions that provide superior connectivity and comfort. Noise suppression components enhance the functioning of these consumer electronics by filtering out electromagnetic interference and reducing signal distortion, consequently delivering clearer sound and more consistent device operations. For instance, according to the Japan Electronics and Information Technology Industries Association in May 2023, a trade organization located in Japan for electronics and IT industry, the production value of consumer electrical equipment hit $222.31 million (¥32,099), denoting a remarkable 127.0% rise from the $174.98 million (¥25,268) reported in May 2022. This points out significant growth in this domain. Consequently, the burgeoning demand for consumer electronics is propelling the growth of the noise suppression components market.
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What is the projected compound annual growth rate (CAGR) of the noise suppression components market from 2025 to 2034, and what factors influence it?
The market size for noise suppression components has seen a significant expansion in the past few years. It is projected to escalate from $16.02 billion in 2024 to $18.14 billion in 2025, presenting a compound annual growth rate (CAGR) of 13.3%. This historical growth trend stems from the heightened sophistication of electronic devices, strict electromagnetic compatibility (EMC) standards, evolution in the automotive and consumer electronics sectors, increase in high-speed data transmission proliferation, boosted demand for compact components, and the necessity to mitigate electromagnetic interference (EMI) in congested circuits.
The market for noise suppression components anticipates a swift expansion in the upcoming years, with the expected size reaching a staggering $29.6 billion by 2029. The growth, with a projected compound annual growth rate (CAGR) of 13.0%, is largely attributed to factors such as the burgeoning demand for consumer electronics, greater acceptance of 5G networks, more rigorous EMC regulations, rising levels of industrial automation, the spread of renewable energy systems, and increasing dominance of smart home devices. Key trends that marked this forecast period involve the integration of advanced materials, the miniaturization of components, the creation of intelligent components, improved EMI/RFI shielding, and incorporation with IoT devices.
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How are the latest trends influencing the growth of the noise suppression components market?
Key businesses in the noise suppression components industry are focusing on the emergence of innovative technology, including sound-damping material technology, to improve automotive comfort and adhere to stringent noise regulations. These technologies are designed to mitigate noise and vibrations in multiple settings, especially in automobiles, by absorbing sound energy and reducing noise propagation. In relation to this, Autoneum Holding AG, a Swiss company specializing in the manufacture of vehicle acoustic insulation products, expanded its offerings of polyethylene terephthalate (PET) and foam-based noise insulation technologies in June 2022. Its new features, namely Hybrid-Acoustics FLEX and Fit FLEX, are specifically designed for electric vehicles (EVs) and are available to the European, North American, and Chinese markets. They enhance the driving experience of EVs by providing excellent noise shielding for electric drives. These innovations are distinguished by their high acoustic performance and zero waste manufacturing process and can be customized to various EV parts such as e-motor enclosures, inverters, gearboxes, pumps, and compressors to reduce noise.
What are the major segments of the noise suppression components market and their role in driving growth?
The noise suppression components market covered in this report is segmented -
1) By Type: Conductive Coatings; Printed Circuit Board (PCB) Level Shielding; Gaskets; Electromagnetic Interference (EMI) Filters; Laminates Or Tapes; Other Types
2) By Product Line: Premium; Standard; Economic
3) By Application: Aerospace And Defense; Automobile; Consumer Electronics; Healthcare; Telecommunications; Other Applications
4) By Sales Channel: Direct Channel; Distribution Channel
Subsegments:
1) By Conductive Coatings: Silver-Based Coatings; Copper-Based Coatings; Carbon-Based Coatings; Nickel-Based Coatings; Graphene-Based Coatings; Hybrid Coatings
2) By Printed Circuit Board (PCB) Level Shielding: Shielded Enclosures; Surface-Mounted EMI Shields; Board-Level Grounding Shielding; Multilayer PCB Shielding; Absorptive EMI Shielding
3) By Gaskets: Fabric Over Foam Gaskets; Elastomeric Gaskets; Wire Mesh Gaskets; Finger Stock Gaskets; Knitted Wire Gaskets; Conductive Elastomeric Gaskets
4) By Electromagnetic Interference (EMI) Filters: Low-Pass Filters; High-Pass Filters; Band-Pass Filters; Power Line Filters; Signal Line Filters; Common Mode Chokes; Feedthrough Filters
5) By Laminates Or Tapes: Copper Laminates; Aluminum Laminates; Conductive Adhesive Tapes; Non-Conductive Adhesive Tapes; Thermal/Conductive Interface Tapes; EMI Shielding Foils
6) By Other Types: Ferrites; EMI Absorbers; Conductive Paints; Shielding Sheets/Foils; EMI Suppression Filters; Inductors
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Which regions are key players in the growth of the noise suppression components market?
North America was the largest region in the noise suppression components market in 2024. The regions covered in the noise suppression components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the noise suppression components market?
Major companies operating in the noise suppression components market are Panasonic Holdings Corporation, Texas Instruments Incorporated, TDK Corporation, TE Connectivity Ltd., Parker-Hannifin Corporation, Murata Manufacturing Co. Ltd., NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, On Semiconductor Corporation, STMicroelectronics N.V., Infineon Technologies AG, Rohm Co. Ltd., Yageo Corporation, Vishay Intertechnology Inc., Taiyo Yuden Co. Ltd., KEMET Corporation, Würth Elektronik GmbH & Co. KG, Knowles Corporation, API Technologies Corp., Greene Rubber Co, Johanson Dielectrics Inc., Leader Tech Inc., Laird plc
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What Is Covered In The Noise Suppression Components Global Market Report?
•Market Size Forecast: Examine the noise suppression components market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the noise suppression components market for a structured understanding.
•Key Players Overview: Analyze major players in the noise suppression components market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the noise suppression components market.
•Segment Contributions: Evaluate how different segments drive overall growth in the noise suppression components market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the noise suppression components market.
•Industry Challenges: Identify potential risks and obstacles affecting the noise suppression components market.
•Competitive Landscape: Review strategic developments in the noise suppression components market, including expansions, agreements, and new product launches.
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