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Rising Wireless Connectivity Needs Fueling The Growth Of The Market Due To Surge In Signal Interference Reduction Demand: Strategic Insights Driving Electromagnetic Wave Absorbing Material Market Momentum in 2025
Electromagnetic Wave Absorbing Material
How Large Will the Electromagnetic Wave Absorbing Material Market Size By 2025?
In recent times, there has been a substantial increase in the electromagnetic wave absorbing material market size. It's projected that this market will see a rise from $4.7 billion in 2024 to $5.06 billion in 2025, marking a compound annual growth rate (CAGR) of 7.5%. This growth during the historic period is linked to the increased demand for electronic gadgets, heightened concerns over electromagnetic interference (EMI), expanded use of wireless communication, a rise in the integration of automotive electronics, and a growing consciousness of the health hazards associated with EMF exposure.
How Big Is the Electromagnetic Wave Absorbing Material Market Size Expected to Grow by 2029?
In the coming years, the market size for electromagnetic wave absorbing materials is slated for stellar growth, expected to surge to $6.98 billion by 2029 at a compound annual growth rate (CAGR) of 8.4%. This projected growth during the forecast period is mainly due to factors such as increased demand for 5G networks, widespread usage of smart devices, spiked utilization of electromagnetic absorbers in the aerospace and defense sectors, escalating demand for improved performance in consumer electronics, and stricter environmental norms regulating EMF. The forecast period will also see key trends including progress in material science, the incorporation of nanotechnology, innovative leaps in 5G and 6G networks, breakthroughs in flexible electronics, and cutting-edge developments in automotive electronics.
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Which Key Market Drivers Powering Electromagnetic Wave Absorbing Material Market Expansion and Growth?
The electromagnetic wave absorbing material market is anticipated to grow due to surging demand for wireless communication systems. These systems, which utilize electromagnetic waves like radio or infrared signals to transmit data over distances without physical connections, are seeing a rise in popularity as more people use mobile devices like smartphones and tablets for communication, entertainment, and work. Electromagnetic wave absorbing materials enhance these systems by reducing interference and signal degradation, thus providing clearer and more reliable transmissions. As a case in point, the Cellular Telecommunications Industry Association, a US-based trade group, stated in September 2024 that in 2023, nearly 40% of all wireless devices had 5G connectivity, representing a 34% increase from the preceding year. This increase resulted in 558 million wireless connections, translating to more than 1.6 connections per person in the US. Consequently, this rising demand for wireless communication systems is fueling the expansion of the electromagnetic wave absorbing material market.
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What Are the Key Trends Driving Electromagnetic Wave Absorbing Material Market Growth?
Leading companies in the electromagnetic wave absorbing material market are prioritizing the development of innovative products, like green radio wave absorbers, in response to strict environmental regulations and growing consumer preference for eco-friendly electronic parts. These radio wave absorbers, which are environmentally-friendly, are designed to reduce electromagnetic interference, and they are made from recyclable or biodegradable materials to minimise their environmental footprint. For example, in May 2024, TDK Corporation, a Japanese electronics company, launched the IS-BP series, a first in the industry. These are radio wave absorbers comprised of over 25% biomass polyethylene, sourced from sugarcane, replacing the usual petroleum-based materials. These sustainable absorbers maintain high performance, durability, and flame resistance identical to their traditional counterparts, but with a reduction in CO2 emissions by 13%. The IS-BP series is meant for use in microwave anechoic chambers for testing antennas, wireless devices, and automobile radars, supporting the electronics industry's commitment towards sustainability and combating climate change.
What Are the Emerging Segments in the Electromagnetic Wave Absorbing Material Market?
The electromagnetic wave absorbing material market covered in this report is segmented -
1) By Material Type: Conductive Materials, Magnetic Materials, Dielectric Materials, Composite Materials
2) By Form Factor: Sheets And Panels, Coatings, Films, Powders
3) By Application: Shielding, Radome, High-Frequency Absorption, Noise Reduction, Thermal Management
4) By End-Use Industry: Aerospace And Defense, Telecommunications, Automotive, Consumer Electronics, Healthcare
Subsegments:
1) By Conductive Materials: Carbon-Based Materials, Metal-Based Materials, Conductive Polymers
2) By Magnetic Materials: Ferrites, Metallic Magnetic Materials, Spinel And Hexaferrite Materials
3) By Dielectric Materials: Ceramic Dielectrics, Polymer-Based Dielectrics, Metal Oxide Dielectrics
4) By Composite Materials: Polymer-Matrix Composites, Metal-Matrix Composites, Hybrid Nanocomposites
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Who Are the Global Leaders in the Electromagnetic Wave Absorbing Material Market?
Major companies operating in the electromagnetic wave absorbing material market are Panasonic Holdings Corporation, 3M Company, TDK Corporation, Molex LLC, Murata Manufacturing Co. Ltd., Mast Technologies, Furukawa Electric Co. Ltd., HEICO Corporation, VACUUMSCHMELZE GmbH & Co. KG, RTP Company, TOKIN Corporation, Cuming Microwave Corporation, Schaffner Holding AG, Kitagawa Industries Co. Ltd., ETS-Lindgren, Tech-Etch Inc., FRD Co. Ltd., Laird Technologies Inc., KGS Kitagawa Industries Co. Ltd., Guangzhou Fangbang Electronics Co. Ltd., SEKISUI POLYMATECH CO. LTD., The Zippertubing Company.
Which are the Top Profitable Regional Markets for the Electromagnetic Wave Absorbing Material Industry?
North America was the largest region in the electromagnetic wave absorbing material market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electromagnetic wave absorbing material market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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