The market is expected to generate an incremental $ opportunity of US$ 2.7 Bn between 2022 and 2030
Category: Chemicals & Materials Published Date : June 2022 ID: CVC-00118-CH Format: PDF Pages: 304
EMI Shielding Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the worldwide EMI Shielding Market was worth US$ 6.4 Bn and is expected to grow at a CAGR of 4.5% over the forecast period. The market is expected to hit US$ 9.1 Bn by 2030 end.
EMI shields are mechanical devices, including flexible metal screens, metal foams, and metal wires, generally put around the electronic devices to prevent interference. EMI shielding is the reflection or absorption of electromagnetic radiation by using materials positioned in the path of electromagnetic interference.
Various EMI shielding materials, such as metals, conductive coatings, laminates, and others, prevent electronic devices from malfunctioning by filtering incoming and outgoing interferences.
What key factors are driving the increase in demand for EMI Shielding Market?
In recent years, rising consumer electronics demand has positively impacted EMI shielding, and it is anticipated that this trend will continue during the forecast period. The market is driven by using EMI with well-established processes and techniques.
The increasing use of EMI shielding materials and technologies in various applications of car gadgets such as automatic sliding doors, keyless ignitions, remote starters, power seats, and power windows, among others, is promoting the growth of the EMI market.
The rapid development of telecommunication infrastructure around the world, the penetration of wireless mobile communications, and the increasing usage of electric components in automobiles have increased the demand for shielding electrical and digital equipment to prevent EMI.
What are the opportunities in the EMI Shielding Market business?
Increased global defense spending by countries will benefit the EMI shielding materials market, as the product is used to protect weapon systems from interference.
The rise in the global electronic grade hydrogen peroxide market is expected to be aided by advanced technologies such as artificial intelligence, 5G Internet, and other major driving factors.
Stringent government rules for EMI will continue to encourage the overall growth of the EMI shielding market.
Why did the conductive coating and paint segment have the largest EMI Shielding Market share?
Due to their ability to provide EMI shielding for non-metal surfaces, conductive coatings and paints continue to represent the largest market share of 29.6% in 2021. Surface resistance in conductive coatings is inversely related to coating thickness. For insulating the casing from electromagnetic interference, materials including silver, nickel, graphite, and copper with a silver coating are utilized.
What is the EMI Shielding Market’s most recent application?
EMI shielding is becoming one of the most crucial technologies in the Military. Extensive use in the Military is anticipated to further fuel the expansion of the EMI shielding market. It is a protective covering for delicate parts on drones, trucks, helicopters, control panels, and other vehicles. The effectiveness of EMI shielding is essential to fend off severe interruptions.
What is the impact of COVID-19 on demand for the EMI Shielding Market?
The virus outbreak has reduced demand for EMI shielding materials due to authorities implementing lockdown in several regions. Consumer electronics and automotive industries have seen very low demand due to the restrictions on industrial operations. As a result, the EMI shielding market experienced a contract in 2020.
Authorities in several countries imposed restrictions on imports and exports, making material mobility difficult. Furthermore, many producers were experiencing financial difficulties, which had a detrimental impact on the market.
Why is the Asia-Pacific expected to become the leading region for the EMI Shielding Market globally?
The main drivers propelling the Asia Pacific EMI shielding market are the rising prominence of the region as a hub for electronic equipment manufacturing and the increasing need for cutting-edge electronic products.
Many businesses, notably the automotive industry, are investing in EMI shielding to protect sensitive equipment from failures, decrease financial losses, and improve safety features.
Some of the key developments that have taken place in the Electronic Grade Hydrogen Peroxide Market include:
A list of some of the critical suppliers present in the market are:
Market Segments Covered in Report
By Region and Country:
Global EMI Shielding Market 2022-2030: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Billion for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Material, Method, Application, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|