The market is expected to witness development at a constant rate and is expected to find applications in more fields as well due to the inclusion of better electronic devices which are prone to high emission of EMI radiations.
Albany, NY -- (SBWIRE) -- 02/28/2017 -- Global EMI Shielding Materials Market: Snapshot
The leading factor currently driving the global EMI shielding materials market is the increase in demand for telecommunications infrastructure across the world. Both private and government entities are pushing for greater sophistication and penetration of electronic grids and devices across all industries, thereby making it necessary to use EMI shields to protect users from electromagnetic radiation. The market is also being driven by the rising demand for next-generation, integrated electronic circuits. Their percolation into common consumer electronics is making it next to mandatory for device manufacturers to equip their devices with EMI shields. However, the global EMI shielding materials market is being restrained by the stringent regulatory guidelines surrounding the type of materials that can be used along with the emission norms pertaining to their manufacture. The market is also being slowed due to the expensive manufacturing process which is a key issue for smaller players.
The global EMI shielding materials market was valued at US$6.08 bn in 2015 and is anticipated to reach US$10.75 bn by 2024, after expanding at a CAGR of 6.7% within a forecast period from 2016 and 2024.
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APAC and North America Dominate Demand for EMI Shield Materials
The global EMI shielding materials market can be segmented on the basis of geography, into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Of these, the market was visibly propelled by North America, followed closely by Europe, in terms of demand volume and revenue share increments for 2015. Their strength in the global EMI shielding materials market has been attributed to their high level of establishment of telecom infrastructures and a high production capacity among regional players, along with their adaptability to constant changes and sophistications in technologies. The growth of the global EMI shielding materials market is largely reliant on the changing lifestyle as well the need for better technology.
Europe is expected to maintain its key position in the global EMI shielding materials market due to its steady increase in the demand for better electronic products. Meanwhile, Asia Pacific contributed the leading share in the global EMI shielding materials market in 2015 in terms of revenue. The rapid development of the industries of defense, electronics, and automotive is expected to increase the utilization of EMI shielding materials in the region and hence is likely to lead to the growth of the global market as well. Among the countries in Asia Pacific, a leading share in EMI shielding materials revenue was held by China in 2015.
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Conductive Coatings Utility in EMI Shields Expected to Increase
Conductive coatings and metals are already heavily used as key materials for EMI shields. Metals were being used more in the past few years. However, the use of conductive coatings has increased in recent days as they can be used in a wider array of applications. This trend is expected to stay prominent in the coming years as well. Conductive coatings possess various superior properties such as better thermal conductivity, due to which they are seen extensively over the recent years. With changing trends in the use of electronic devices, the rate of EM radiation emission has also increased to a large extent. The benefits and the protection provided by EMI shielding materials are the driving cause for their extensive use now and in the future.
EMI shielding materials are used widely in application segments including defense, electronics, automotive, telecommunications, aerospace, and medical. The demand for EMI shielding materials is very high in electronics due to the possible improvisations in the electronic devices and the incorporation of better integrated chips and circuits in the devices which would cause high emission of radiations. The utilization of EMI shielding materials in defense has also increased in the last few years in the increasingly sophisticated GPS and radar devices, a lot of which can cause high amount of emission that can affect other defense equipment as well as the person operating it.
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Leading players in the global EMI shielding market to date, have included 3M, Parker Hannifin Corp, HEICO Corporation, Laird, Kitagawa Industries Co., Ltd., SAS Industries, Inc., and Marktek Inc.
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