Global EMI Shielding Market to be Propelled Expansion of Manufacturing Industry by CAGR of 5% During 2022 – 2031
Research Nester published a report titled “EMI Shielding Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global EMI shielding in terms of market segmentation by material, method, type, and by region.
Further, for the
in-depth analysis, the report encompasses the industry growth indicators,
restraints, supply and demand risk, along with detailed discussion on current
and future market trends that are associated with the growth of the market.
The global EMI shielding market is anticipated to grow with a
CAGR of ~5% during the forecast period, i.e. 2022-2031. The market is segmented
by application into automotive, defense & aerospace, healthcare, telecom
& IT, and consumer electronics. Out of these, automotive segment is
expected to garner the largest market share owing to rise in demand and
production vehicles across the world. As
per Organization of Motor Vehicle Manufacturers, the global production of
vehicles was 80,145,988 units in 2021. This is a rise from 77,711,725 units in
2020.
The global EMI
shielding market is estimated to garner a notable revenue. The rapid
industrialization has prompted digitalization which has fueled the adoption of
smart devices for effortless communication. The increased usage of devices has
further created electromagnetic waves and have become a source of
electromagnetic pollution. The electromagnetic field generated by these devices
results in electromagnetic radiation. The increment in electromagnetic
pollution is thus projected to create the need for EMI shielding of these
devices. EMI shielding products such as EMI shielding tapes, metal shielding,
conductive coatings, and conductive polymers are used to prevent the devices
from causing electromagnetic pollution.
Geographically, the
global EMI shielding market is segmented into five major regions including
North America, Europe, Asia Pacific, Latin America and Middle East & Africa
region. Out of these, the market in Asia Pacific region is estimate to garner
the largest market share by the end of 2031, on the back of increased sales and
production of vehicles, high consumption of chemicals, increasing GDP level,
and expansion of disposable income.
The research is global
in nature and covers detailed analysis on the market in North America (U.S.,
Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium,
Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark],
Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico,
Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea,
Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific),
Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar,
Oman], North Africa, South Africa, Rest of Middle East and Africa). In
addition, analysis comprising market size, Y-O-Y growth & opportunity
analysis, market players’ competitive study, investment opportunities, demand
for future outlook etc. has also been covered and displayed in the research
report.
Rise in Demand and Sales of Automobiles to Drive the Market Growth
Recently, there has
been growth in the automotive industry, which is also anticipated to have a
positive impact on the market growth. EMI shielding has been highly utilized in
the automotive industry in manufacturing GPS navigation and infotainment
systems. Other factors, including various advancements in the 4G and 5G network
technologies, along with the implementation of favorable government policies to
minimize electromagnetic radiation in the environment, are projected to drive
the market further.
However, high EMI
shielding costs, as well as additional expenses incurred in the manufacturing
process and miniaturization of electronic devices, will be major restraints on
the growth of the global EMI shielding market over the forecast period.
This report also
provides the existing competitive scenario of some of the key players of the
global EMI shielding market which includes company profiling of 3M,
Parker-Hannifin Corporation, The Dow Chemical Company, ETS-Lindgren Inc.,
Henkel AG & Co. KGaA, KITAGAWA INDUSTRIES America, Inc., Laird Performance
Materials (DuPont de Nemours, Inc.), LEADER TECH INC., PPG Industries, Inc.,
RTP Company and others. The profiling enfolds key information of the companies
which encompasses business overview, products and services, key financials and
recent news and developments. On the whole, the report depicts detailed
overview of the global EMI shielding market that will help industry
consultants, equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
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