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.
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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.
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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.
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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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