Electromagnetic Interference Shielding Materials Market to observe maximum growth over 2017-2024.
Drivers of Electromagnetic Interference (EMI) Shielding Materials Market growth including regional trends, factors driving multiple segments of companies vying for a pie of the market share and size are discussed at length in this new report by Global Market Insights, Inc.
Global Electromagnetic Interference (EMI) Shielding Materials Market Size will grow at a moderate rate from 2017 to 2024. The factors that are driving the industry are increasing telecommunications infrastructure worldwide, increasing use of electronic devices in automobiles and tremendous growth of mobile wireless communications which is resulting in the need to shield digital equipment from interference by unwanted radio frequencies.
Stringent EMI regulations and need for protection of users from electromagnetic radiation will boost the EMI shielding materials market during the forecast period. Next generation integrated electronic circuits and stacked & multi-chip package structures are more vulnerable to interference. Apart from affecting performance of nearby circuits, EMI may also lead to data loss, increased error rate or complete shutdown of electric circuits
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- Electromagnetic Interference (EMI) Shielding Materials Market size & share forecast by product & application 2017-2024
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Rising need to protect critical equipment in end use sectors from failures to enhance safety features and minimize financial losses will augment EMI shielding materials market growth in coming years. Automotive manufacturers are increasingly installing features such as advanced driver assistance systems, touchscreen infotainment systems, on-board navigation & terrain response systems in the vehicles. These features create interference posing serious threat to the electric circuitries of the vehicles resulting in the need of shielding materials augmenting the EMI shielding materials market during the forecast timeframe.
Increasing global defense expenditure by countries will positively influence the EMI shielding materials market as the product is extensively used to shield weapon systems from interference. With growing instability in many regions of the world, countries are expanding their defense capabilities and spending more on research and development of new weapons systems.
Global military expenditure was around USD 1.5 trillion in 2015 and the top three countries in terms of spending were the U.S, China, and Saudi Arabia. Growth in the aerospace industry, including space exploration, will also drive the market. 30,000 new passenger aircrafts will be needed in the next 20 years to cope with increasing number of air passengers and many equipment used in aircrafts need the shielding materials. Rising space exploration missions by countries will also augment the EMI shielding materials market in coming years.
EMI shielding materials market by region is segmented as Asia Pacific, North America, Europe, Middle East and Africa and Latin America. Asia Pacific is expected to witness high growth owing to the regions prominence as a hub for manufacturing electronic equipment.
North America and Europe have a substantial share of the EMI shielding materials market because of high level of telecommunication infrastructures and ability to adapt to changes in technology. Latin American market share will likely increase due to demand for better electronic devices in the region.
Key players in the EMI shielding materials market are AI Technology, 3M Company, Alco Technologies, EMI Shielding Materials Company, CGC Precision Technology, Changzhou Pioneer Electronic Company, CGS Technologies, Cybershield Inc, Edogawa Gosei, EIS Fabrico, Henkel, Jinan, ETS- Lindgren, Leader Tech, Omega Shielding Products, Orion Industries, PPG Industries, Tch-Etch, MAJR Products Corporation, Schaffner Holding, Solueta Company, Coilcraft and Greene Rubber Company.
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