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(IT-NEWSWIRE.COM, August 24, 2019 ) EMI shielding market is expected to be valued at USD 6.3 billion in 2019. It is expected to reach USD 8.2 billion by 2024 at a CAGR of 5.34% from 2019 to 2024. The growth of this market is propelled by factors such as ongoing demonstrations of field trials and pilot projects to develop the viability of 5G technology and stringent environmental and EMC regulations across industries.
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Report Objectives
To describe and forecast the global electromagnetic interference (EMI) shielding market by material, method, industry, and geography in terms of value
To describe and forecast the market size for various segments by region—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
To provide detailed information regarding drivers, restraints, opportunities, and challenges pertaining to the EMI shielding market
To provide a detailed overview of the EMI shielding value chain
To strategically analyze micro markets with respect to individual growth trends, prospects, and contribution to the total market
To strategically profile key players and comprehensively analyze their market ranking in terms of revenue and core competencies
“Conductive coatings and paints accounted for largest share of EMI shielding market in 2018”
Conductive coatings and paints held the largest market share in 2018. EMI shielding for non-metal surfaces is provided by conductive coatings and paints. Materials such as silver, nickel, graphite, silver-coated copper are used as the fillers in conductive coatings and paints. Physical vapor deposition (PVD) is a very popular method of conductive coating application. A conductive shield is created around the casing by the conductive coating and paints and prevents EMI signal interfering with the control signals.
Browse and in-depth TOC on "EMI shielding market"
66 - Tables
46 - Figures
142 - Pages
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“The radiated EMI held largest share of EMI shielding market in 2018”
The radiation method accounted for the largest share of the EMI shielding market in 2018. This is because EMI metal shielding is commonly used for protecting the device from EMI radiation. Metal shielding typically provides EMI shielding range of up to 100 dB radiation. For an instance, in hospitals, EMI shielding solutions are used in sensitive electrical equipment such as electrocardiography (ECG) machine to reduce the effects of EMI radiation.
“Consumer electronics industry held largest share of EMI shielding market in 2018”
The consumer electronics industry held the largest market share in 2018. The proliferation of consumer electronic devices, an increase in sensor density being a hallmark of smartphones, and the need to comply with EMI shielding guidelines are expected to be the major factors contributing to the growth of the EMI shielding market in consumer electronics.
“Asia Pacific to exhibit highest growth rate during the forecast period”
The EMI shielding market in Asia Pacific is expected to grow at the highest CAGR from 2019 to 2024 owing to the factors such as the escalating demand for consumer electronic products such as smartphones, tablets, and home appliances and rapid development of advanced cellular infrastructure. The ever-increasing use of electronic systems in the automotive sector and rising demand for electric vehicles are the other factors that are likely to boost the demand for the EMI shielding solutions in Asia Pacific.
The high cost of EMI shielding increases the overall cost of the device. EMI shielding solutions generally include compliance testing and part costs such as those associated with cleaning, loading and unloading, and masking processes. These additional costs involved in the development of EMI shielding solutions result in the higher cost of the end product.
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Key Market Players
The global EMI shielding market is largely dominated by Laird (UK), Chomerics (US), PPG Industries (US), Integrated Polymer Solutions (US), and DowDuPont (US). The other key players in this market include companies such as 3M Company (US), Kitagawa Industries (Japan), Tech-Etch (US), Schaffner (Switzerland), and Nolato (Sweden).
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