DUBLIN--(BUSINESS WIRE)--The "EMI Shielding Market by Material (EMI Shielding Tapes & Laminates, Conductive Coatings & Paints, Metal Shielding, Conductive Polymers, EMI Filters), Method (Radiation, Conduction), Industry, and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The EMI shielding market is expected to be valued at USD 6.3 billion in 2019. It is expected to reach USD 8.2 billion by 2024 at a CAGR of 5.34% from 2019 to 2024.
The need for electromagnetic interference (EMI) shielding is further propelled by the increasing clock frequencies, faster slew rates, increasing packaging density, as well as rising demand for smaller, lighter, cheaper, and low-power devices. Factors that are driving the growth of EMI shielding market include ongoing demonstrations of field trials and pilot projects to develop the viability of 5G technology across the world and stringent EMI regulations.
EMI shielding tapes & laminates are expected to witness highest CAGR in EMI shielding market from 2019 to 2024
A typical application of EMI shielding tapes is in shielded rooms where economical and effective shielding of the seams and apertures is needed. EMI shielding tapes are also used for ground planes or shielding of the electronic cables. Cables' conductive sheath is bonded with the EMI shielding tapes and to the metallic tip of the connector to provide complete end-to-end shielding.
The doors and panels of the electronic cabinets and enclosures are shielded by durable and reliable EMI shielding tapes, which provides a contact surface for conductive gaskets for EMI shielding. To prevent broadband emission, EMI shielding tapes are commonly used between the transformer coil windings to reduce electrostatic coupling and around the outside of the coils and relays. The wide applications of EMI shielding tapes & laminates make them to show the highest growth rate during 2019-2024.
Consumer electronics to account for the largest share of the global EMI shielding market
The consumer electronics industry held the largest market share in 2019. This is because the EMI shielding market for smartphones has shown tremendous growth in the past years owing to the commoditization of this product as it becomes an alternative to various electronics devices, such as digital cameras, GPS navigators, MP3 players, and computers.
Increased complexities in smartphones require EMI shielding to protect them from harmful radiation. Hence, the consumer electronics segment will have the highest market share of the EMI shielding market during the forecast period.
APAC contributed largest share of EMI shielding market in 2019
APAC accounted for the largest market share in 2019 because of the factors such as the rising demand for consumer electronic products such as smartphones and home appliances and the development of advanced telecom infrastructure.
China is a manufacturing hub for various electronics devices; hence, the requirement of EMI shielding is increasing rapidly. On the other hand, the Japanese market would be driven by the demand for electric and hybrid vehicles and advanced consumer electronic products.
Laird (UK), Chomerics (U.S.), PPG Industries (US), Henkel (Germany), 3M Company (US), RTP Company (US) Schaffner (Switzerland) Leader Tech (US), Holland Shielding Systems (Netherlands), and Tech-Itch (US) are among a few major companies in this market.
1.1 Study Objectives
1.3 Study Scope
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions and Limitations
3 Executive Summary
4 Premium Insights
4.1 EMI Shielding Market Opportunities, 2019-2024
4.2 EMI Shielding Market, By Method (2019-2024)
4.3 EMI Shielding Market, By Material (2019-2024)
4.4 EMI Shielding Market for Conductive Polymers, By Type (2019-2024)
4.5 EMI Shielding Market, By Industry and Region
5 Market Overview
5.2 Market Dynamics
22.214.171.124 Stringent Environmental and EMC Regulations Across Various Industries
126.96.36.199 Ongoing Demonstration of Field Trials and Pilot Projects to Develop and Prove Viability of 5G Technology
188.8.131.52 High Cost of EMI Shielding
184.108.40.206 Increasing Deployment of Advanced Technologies in Modern Automobiles
220.127.116.11 Rising Popularity of Electric Vehicles and Hybrid Vehicles
18.104.22.168 Trade-Off Between Miniaturization and EMI Shielding of Electronic Devices
5.3 Impact of Emerging Technologies on EMI Shielding Ecosystem
5.4 EMI Regulations and Standards in Select Markets
5.5 Different Formations of EMI Shielding Materials
6 EMI Shielding Market, By Material
6.2 EMI Shielding Tapes
6.3 Conductive Coatings and Paints
6.4 Metal Shielding
6.5 Conductive Polymers
7 EMI Shielding Market, By Method
8 EMI Shielding Market, By Industry
8.2 Consumer Electronics
8.3 Telecom & IT
8.6 Defense & Aerospace
9 EMI Shielding Market, By Geography
9.2 North America
9.5 Rest of the World (RoW)
10 Competitive Landscape
10.2 Competitive Analysis
10.3 Competitive Leadership Mapping
11 Company Profiles
11.1 Key Players
11.1.3 PPG Industries
11.1.5 RPT Company
11.1.7 Kitagawa Industries
11.1.9 Leader Tech
11.2 Other Players
11.2.2 Cabot Corporation
11.2.3 MG Chemicals
11.2.8 Rogers Corporation
11.2.9 Integrated Polymer Solutions
11.2.11 Holland Shielding Systems
11.2.13 Effective Shielding Company
11.2.15 Applied Ink Solutions
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