Albany, NY -- (SBWIRE) -- 04/19/2019 -- The global electromagnetic interference (EMI) shielding market is prognosticated in a report by Transparency Market Research (TMR) to exhibit a vastly fragmented characteristic because of the presence of a multitude of players. In order to cement their position in the global EMI shielding market, leading players are expected to largely depend on competitive product performance, quality, pricing, innovation, and support services. The global EMI shielding market marks the presence of top players such as 3M, Parker Chomerics, and Laird Plc.
TMR envisions the global EMI shielding market to demonstrate a 6.1% CAGR during the forecast period 2017-2025 to reach a valuation of US$9.84 bn by the end of 2025. In 2016, the global EMI shielding market was worth a US$5.96 bn. Among end-use industries, consumer electronics is foreseen to create higher demand in the global EMI shielding market. Regionally, Asia Pacific could take the lead in the global EMI shielding market in terms of revenue share.
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Use of EMI Shielding in Early Phase of Consumer Electronics Production to Bode Well
Increasing demand for consumer electronics is foretold to bode well for the global EMI shielding market. The need to factor in EMI and radio frequencies during the early phase of production of consumer electronics could raise the level of demand in the global EMI shielding market. Rising employment of a number of adaptable solutions such as EMI shielding in electronic ICs and LEDs is projected to support the growth of the global market. Heavy investment in the consumer electronics sector and increase in government support could set the tone for significant growth of the global EMI shielding market.
On the other hand, rising deployment of 4G/LTE infrastructure is forecast to stoke the demand in the global EMI shielding market. Improving adoption of hybrid and electric vehicles could also work in the favor of the global EMI shielding market. Besides this, increasing installation of automotive electronics is prophesied to create ample of opportunities in the global EMI shielding market. It could gain support from the rising popularity of in-vehicle communication and V2X technology.
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High Cost of EMI Shielding and Stringent Regulations to Loom over Market as Threat
Expensive cost of using EMI shielding is predicted to reflect negatively on the rise of the global market. Moreover, implementation of strict regulations and policies that limit the use of EMI shielding could hamper the demand in the near future. Nonetheless, the global EMI shielding market is envisaged to produce high growth prospects on the back of the rising application of the technique across several end-use industries. Furthermore, quick innovation observed in the global EMI shielding market could increase revenue generation in the coming years. Application of EMI shielding in the aerospace and defense sector is expected to increase while riding on impressive technological advancement.
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Some of the key players in the global EMI shielding market are Laird Plc., 3M, Chomerics, RTP Company, Marktek Inc., ETS-Lindgren, Tech-Etch, Inc., Omega Shielding Products, HEICO Corporation, and Schaffner Group.