Global EMI Shielding Materials Market: Industry Analysis and Forecast
Global EMI Shielding Materials Market was valued US$ 5.6 Bn in 2018 and is expected to reach US$ 9.5 Bn by 2026, at a CAGR of 6.66 % during a forecast period.
High demand of EMI shielding materials from 4G/LTE cellular infrastructure worldwide and compliance to EMI regulations are major factors driving the growth of the EMI shielding materials market. EMI shielding materials market is growing because of the increase in sources generating electromagnetic fields and the reliability of these materials to protect the electronic devices from electromagnetic radiation. However, the high cost of EMI shielding increases the overall cost of devices.
Furthermore, increasing Electric Vehicle (EV) and Hybrid Vehicles, innovation of the global telecom industry, implementation of EMI shields in all electronic devices are driving the market growth. But, high costs associated with the manufacturing processes of EMI shields and demanding regulatory structures are the restraints faced by the market. The demand for next generation electronic circuits will provide profitable growth forecasts for EMI shielding materials.
Based on applications, the developments in telecom technologies and swift penetration of the internet has collectively made it easier for consumers to access the internet and related services. According to a recent study, the internet access through smartphones has already crossed 55% of the overall internet usage worldwide. Current advancements in telecom network technologies such as 3G, 4G LTE and 5G are rise, with consumer demanding improved internet connectivity.
The major players operating in the EMI shielding materials market is marked by powerful competition from the major players operating in this market. Frequent mergers & acquisitions, joint ventures & partnerships, product developments and expansions among others are some of the key strategies that are taken up by the manufacturers in order to make sure long term requirements in this market.
Geographically, Asia Pacific is expected to grow at the highest rate during the forecast period due to the rising demand for consumer electronic products and improvement of advanced cellular infrastructure. Europe and North America are leading markets for the growth of EMI shielding materials as well. U.S. is the market for the growth of the EMI shielding materials market within the North American region. Increasing concern about the EMI shielding and RFI shielding is leading to tighter regulation and more demanding standards for materials used for shielding purpose in North America. The existence of large multinationals is making EMI shielding components more accessible to the end-users. Also, the launch of new with higher percentage of shielding is stimulating the market growth.
This report analyzes and forecasts the market for EMI shielding materials at the global and regional level. The market has been estimate based on revenue (US$ Mn) from 2018 to 2026. It also covers the effect of these drivers and restraints on the demand for EMI shielding materials market during the forecast period. Furthermore, discover the market trends and visions with valid assessments and analytical views. Use innovative techniques and implements among the quantitative and qualitative approaches to identify the market trends.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global EMI Shielding Materials Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Global EMI Shielding Materials Market.
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Scope of Global EMI Shielding Materials Market
Global EMI Shielding Materials Market, By Material
- Conductive coatings
- Metals
- Conductive plastics
- Laminates
- Others
Global EMI Shielding Materials Market, By Application
- Automotive
- Defense & Aerospace
- Electronics
- Telecommunications
- Medical
- Others
Global EMI Shielding Materials Market, By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Key Players Operating in Global EMI Shielding Materials Market
- Laird Technologies
- 3M Inc.
- Parker Hannifin Corporation
- HEICO Corporation
- Simotec (Thailand) Co. Ltd.
- EMI Shielding Materials Company
- CGC Precision Technology
- Changzhou Pioneer Electronic Company
- CGS Technologies
- Edogawa Gosei
- Leader Tech
- Omega Shielding Products
- Orion Industries
- Tch-Etch Inc.
- MAJR Products Corporation
- Kitagawa Industries Co., Ltd.
- Henkel AG & KGaA
- RTP Company
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