EMI Shielding market was stood around $6 billion in 2020 and is expected to grow at a CAGR of ~5% between 2021-2027.
A comprehensive overview of the global EMI Shielding Market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the EMI Shielding market globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the global EMI Shielding market at regional and country levels. The global EMI Shielding market was stood around $6 billion in 2020 and is expected to grow at a CAGR of ~5% between 2021-2027.
Market Overview
The global EMI shielding market is growing account of increasing development in consumer electronics industry, expansion in telecom industry along with changing dynamics of IT industry. Further, increasing focus on healthcare sector has encourages the device manufacture to advance their development process and slowly and steady improving market of automotive sectors is fueling the growth of the EMI shielding market. In addition, increasing investment in the deployment of 5G infrastructure has boosted the overall ecosystem related to it. Smartphones manufacturers are launching products which are capable of working on 5G network, for example. In addition, digitalization trend has created the market of real time connectivity. This has boosted the market of internet as a result positively affecting its associated industries and since radio waves are a critical part of whole eco-system, therefore, all these factors, are aiding in the growth of the EMI shielding market.
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COVID-19 Impact
Industries witnessed decline in production activity in the wake of COVID-19 owing to changed dynamics of the market and consumer behavior. Measures such as lockdown and border closures to reduce the cases had affected the industrial operations due to shutdown of factories, unavailability of workers, and halted supply chain. This has affected the electronics equipment’s manufacturers as well. Further, shortage of semiconductor across the globe in 2021 has affected the industrial production activities. Several companies including automotive announced the reduction in automobiles production. All these factors had a negative impact on the market
Global EMI Shielding market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By material, the market is primarily divided into:
· EMI Shielding Tapes & Laminates
· Conductive Coatings & Paints
· Metal Shielding Enclosures
· Metal Shielding Tape
· Conductive Polymers
· Polymer Composites
· EMI/EMC Filters
Based on material, the market of conductive coatings & paints held the considerable share in the overall EMI shielding market in 2020 and is likely to demonstrate substantial growth during the foreseeable future. It is due to the facts that’s conductive coatings & paints are able to provide electromagnetic shielding for non-metal surfaces such as plastic and composite housing of electronic assemblies as well as aircraft and airframe components. Manufactures like Parker-Hannifin Corporation offers vast range of paints & coatings EMI shielding which suitable for use across a diverse range of applications including acrylic, epoxy, polyester, and polyurethane based paints & coatings.
By industry, the market is mainly categorized into:
· Consumer Electronics
· Telecom & IT
· Automotive
· Healthcare
· Aerospace
· Others
Among these, consumer electronics industry accounted for substantial share in the market owing to robust growth in the consumer electronics industry in last decade due to increasing shifting trend towards digital economy. Further, availability of affordable smartphones and internet connectivity worked as a catalyst to the global consumer electronics industry. This, rise in demand of consumer electronics products has resulted in the expansion of production capacity in order to meet the demand. Thus, the demand of components during the manufacturing process increased including EMI shielding.
Global EMI Shielding Market Geographical Segmentation Includes:
· North America (United States, Canada, Rest of North America)
· Europe (Germany, UK, France, Spain, Rest of Europe)
· Asia-Pacific (China, Japan, India, Australia, Rest of APAC)
· Rest of World
Asia Pacific accounted for the significant share in the market owing to large and growing industries. The region is the largest producer of electronics products. The extensive growth in the Chinese manufacturing sector in last couple of decades owing to the changes in government policies list the country among the largest producer of consumer electronics products, automobiles, and telecom & IT infrastructure. Various countries like US and European countries have outsourced the manufacturing of massive amounts of goods to China, owing to low-cost raw material and labor along with well-established supply chain ecosystem. All these factors boosted the country electronics market as a result aiding the regional EMI shielding market.
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· 3M Company
· PPG Industries Inc.
· Parker-Hannifin Corporation
· Henkel AG & Co. KGaA
· Laird Performance Materials
· Leader Tech Inc.
· MG Chemicals Ltd.
· Nolato AB
· RTP Company Inc.
· Schaffner Holding AG
Competitive Landscape
The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating globally. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the global EMI Shielding market. The major players have been analyzed by using research methodologies for getting insight views on market competition.
Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the global EMI Shielding market?
· Which factors are influencing the global EMI Shielding market over the forecast period?
· What are the global challenges, threats, and risks in the global EMI Shielding market?
· Which factors are propelling and restraining the global EMI Shielding market?
· What are the demanding global regions of the global EMI Shielding market?
· What will be the market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by the companies?
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