Global EMI Shielding Market: Snapshot
Numerous companies operate in the global EMI shielding market and based on competitive pricing, performance, support services, quality, and product innovation, they are trying to gain a greater foothold in the market. The big companies, who can afford it, are funneling substantial amounts into research and development to come up with better products. They are also trying to expand their outreach through carefully-considered partnerships and mergers and acquisitions.
The explosive sales in the consumer electronics is at the forefront of driving growth in the global EMI shielding market. Serving to hinder the market, on the other hand is the restrictive regulations.
A report by Transparency Market Research, forecasts the global EMI shielding market to rise at a CAGR of 6.1% from 2017 to 2025 to attain a value of US$9.84 bn by 2025 from US$5.96 bn in 2016.
Consumer Electronics Leading Application Segment Because of Rising Sales of Smart Electronics
EMI shielding finds application in various sectors such as healthcare, information technology, telecommunication, aerospace and defense, automotive, consumer electronics, and others. At present, the consumer electronics segment accounts for a leading share in the market because of the growing sales of different sophisticated smart electronics such as mobile phones and tablets, GPS tracker, portable communication devices, etc.
Other key end use segments are the automotive, aerospace, defense, and healthcare. In the automotive segment, for example, EMI shielding is used in power seats, power windows, automatic sliding doors, remote starters, and keyless ignitions. With the explosive growth in the automotive sector worldwide, the global EMI shielding market too will likely receive a fillip.
With the growing technological advancement, the use of EMI shielding in different aerospace and defense is also growing rapidly. It serves to bring down the electromagnetic interference during operation time, increase the efficiency of operations, and provide enhanced safety to the end user. This in turn is anticipated to increase the uptake of this technology and create a better opportunity for various EMI shielding technology providers in the coming years.
Asia Pacific Market Catapulted to the Forefront by Demand for Electronic Products
Powered by the massive demand for consumer electronics products, namely tablets, smartphones, liquid crystal display (LCD), light emitting diode (LED), and computers, Asia Pacific has emerged as the dominant region in the global EMI shielding market. Taiwan, India, China, Japan, and South Korea are said to be the leading drivers of demand for consumer electronics products. Another factor serving to catapult the Asia Pacific market to the forefront is the rapid progress in high-tech technology.
North America trails Asia Pacific in the global EMI shielding market. In 2016, the region held 25% in terms of revenue. Like Asia Pacific, the market in the region too has been driven by technological progress and by the growing demand for LEDs in a wide array of consumer electronic devices. Besides, the electronics manufacturing services (EMS) industries in the region, which have seen steady progress in the last couple of years, have also been boosting the EMI shielding market. Going forward, they are likely to continue boosting the market. The U.S. is the leading market in North America.
Europe is another major revenue generator in the global EMI shielding market. Swift pace of technological innovation and significant investment in electronics industry are some of primary factors fuelling growth in the market in the region.
Some of the key players in the global EMI shielding market are Laird Plc., 3M, Chomerics, RTP Company, Marktek Inc., ETS-Lindgren, Tech-Etch, Inc., Omega Shielding Products, HEICO Corporation, and Schaffner Group.
Global EMI Shielding Market: Overview
Electromagnetic interface (EMI) shielding is an enclosure or coating to reduce the electromagnetic field by blocking the field with conductive material or magnetic material. This EMI shielding can reduce electromagnetic fields, electrostatic fields and the coupling of radio waves. In addition, the amount of electromagnetic interfaces reduction depends upon the material thickness and the size of the shielded volume among others.
The report also provides assessment of different drivers that is impacting the global EMI shielding market, along with the restraints and opportunities that has also been covered under the scope of this report. For each segment (such as materials type, end use industry), market dynamics analysis has been provided. All these factors helps in determining different trends that has been impacting the overall electromagnetic interference (EMI) shielding market growth.
Moreover, after taking into consideration all this factors, an extensive analysis of the region wise growth parameters of global electromagnetic interference (EMI) shielding market along with the overall assessment for the forecast period of 2017-2025 has been also been provided within this report. Moreover, year on year growth of revenue of each region is also included in the scope of the research. Major share and competitive landscape of major companies has been covered in the scope our report.
Global EMI Shielding Market: Drivers and Restraints
Increasing demand of consumer electronics is having a positive influence on the electromagnetic interference (EMI) shielding in coming years. Usages of electromagnetic interference (EMI) shielding materials coupled with well-established methods and techniques are some of the major driving factors for the EMI shielding market. Additionally, the growing usage of different types of EMI shielding materials and technology in different application of automobile devices such as automatic sliding doors, keyless ignitions, remote starters, power seats and power windows among others is likely to have an encouraging impact on the EMI shielding market.
In addition, numerous electronics products manufacturing organizations across various regions especially in India, China, Japan and South Korea among others are witnessing significant growth due to the rising spending on technological advanced EMI shielding technology in coming years. The global electromagnetic interference (EMI) shielding market is anticipated for a stable growth rate during the prediction period from 2017 to 2025.
Global EMI Shielding Market: Segmentation
Based on materials type, the electromagnetic interference (EMI) shielding market is segregated into conductive polymers, conductive coatings and paints, metal shielding products, EMI/EMC filters and others. In addition, various display such as light emitting diode (LED) and liquid Crystal Display (LCD) manufactures are now focusing on usage of various conductive materials in their production line due to rising acceptance of display products by various end use industry and enhanced the capability of the production.
Based on end use industry, the EMI shielding market has been segmented into information technology and telecommunication, healthcare, automotive, aerospace and defense and consumer electronics among others. Geographically, the global EMI shielding market has been bifurcated into North America, Europe, Asia Pacific, Middle East and Africa, Latin America. The global electromagnetic interference (EMI) shielding market market has been provided in (USD billion) in terms of revenue as well as the CAGR for the forecast period of 2017 to 2025.
Global EMI Shielding Market: Competitive Landscape
The key players in the electromagnetic interference (EMI) shielding market have been competitively profiled across the five broad geographic regions. This competitive landscape is inclusive of the various business strategies adopted by these major players and their recent developments in the field of electromagnetic interference (EMI) shielding market. Further, the report includes the market attractiveness analysis of different types of equipment of EMI shielding market and insight into the major end use industry area of the electromagnetic interference (EMI) shielding market.
The global EMI shielding market is characterized by the presence of numerous key players in the market The key market players compete their competition on the basis of factors such as price, performance, quality, support services and innovations of product. Major players in Surface Mount Technology Equipment market are Laird Plc. (U.K), 3M (The U.S), Chomerics (The U.S), RTP Company (The U.S), Marktek Inc.,(The U.S), ETS-Lindgren (The U.S), Tech-Etch, Inc. (The U.S), Omega Shielding Products (The U.S), HEICO Corporation (The U.S) and Schaffner Group (The U.S) among others.
The EMI Shielding market has been segmented as follows:
Global EMI Shielding Market, by Materials Type
- Conductive Coatings and Paints
- Conductive Polymers
- EMI/EMC Filters
- Metal Shielding Products
Global EMI Shielding Market, by End Use Industry
- Telecommunication and IT
- Aerospace and defense
- Consumer electronics
Global EMI Shielding Market, by Region
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East and Africa
- United Arab Emirates
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
- Latin America
- Rest of Latin America