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Current & Future Growth of EMI Shielding Market

EMI shielding market is expected to be valued at USD 7.38 Billion by 2022, growing at a CAGR of 5.68% between 2017 and 2022.

 

Seattle, WA -- (SBWIRE) -- 03/31/2017 -- The growth of EMI Shielding Market is propelled due to the factors such as acceleration in the deployment of 4G/LTE infrastructure, commoditization of consumer electronics, growing applications of electronics components and systems in automotive, and increasing popularity of the electric and hybrid vehicles.

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The conductive coatings and paints segment held the largest market share in 2016. EMI shielding for non-metal surfaces is provided by the conductive coatings and paints. Silver, nickel, graphite, silver-coated copper, and many other materials are used as the fillers in conductive coatings and paints.

Nowadays, automobiles have several special features such as on-board navigation system, touchscreen infotainment system, ADAS, terrain response system, which were available only in mid-range passenger vehicles few years back. In the coming years, features such as wireless phone chargers, in-vehicle communication systems, and V2X technology are expected to increase the complexity in the automotive industry.

The radiation method held the largest share of the EMI shielding market in 2016. OEMs/ODMs largely deal with the radiation of electronic devices since these devices are more prone to it. Various EMI shielding components such as EMI shielding tapes, conductive coatings and paints, metal shielding products, conductive elastomers, and conductive plastic are used to control the radiated EMI. Most of the electrical equipment radiate electromagnetic signals which need to be shielded to avoid any damage to electrical circuitry or hindrance to operations.

Also the consumer electronics industry held the largest share of the EMI shielding market in 2016 owing to the proliferation of consumer electronic devices, inclusion of new product categories, and firm EMI shielding regulations. The manufacturers of the consumer electronics devices solve EMI shielding problem at the design stage. Moreover, Apple Inc. is likely to protect every chip by EMI shielding to enhance the performance of its upcoming devices.

Asia Pacific is expected to grow at the highest rate between 2017 and 2022 owing to the factors such as increasing demand for consumer electronic products such as smartphones, tablets, and home appliances, and development of advanced cellular infrastructure. Ever-increasing use of electronic systems in the automotive sector and demand for electric vehicles are further expected to fuel the demand for the EMI shielding market in Asia Pacific.

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The major players involved in this market include Chomerics (U.S.), Laird Plc. (U.K.), PPG Industries Inc. (U.S.), Henkel AG & Co. KGaA (Germany), and RTP Company (U.S.). The other players in this market include 3M Company (U.S.), Kitagawa Industries Co., Ltd. (Japan), Tech-Etch Inc. (U.S.), Leader Tech Inc. (U.S.), Schaffner Holding AG (Switzerland), and ETS-Lindgren (U.S.).

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