The EMI Shielding
Market is projected to grow from USD 6.8
billion in 2020 to USD 9.2 billion by 2025; it is expected to grow at a CAGR of
6.3% from 2020 to 2025. The EMI shielding market is likely to exhibit lucrative
growth potential during the forecast period. The factors that are driving the
growth of the market include ongoing demonstrations of field trials and pilot
projects to develop the viability of 5G technology, stringent EMI regulations,
and increasing deployment of the electronics systems in the automotive
industry.
Browse 65
market data Tables and 50 Figures spread through 143 Pages and
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Conductive coatings & paints to hold the largest
market share in the global EMI shielding market
Conductive
coatings & paints offer EMI shielding for non-metal surfaces such as
plastics. Therefore, it is used widely in smartphones, telecom equipment,
medical devices, and military devices. Copper conductive painting is used
extensively for high-frequency EMI shielding (>30 MHz). Nickel coatings are
used in low-frequency applications. Cell phones, tablets, and other consumer
electronics such as television sets, telecommunication equipment, medical
devices, industrial equipment, military devices, and aerospace equipment are
the major applications of conductive nickel coatings. Silver is a highly
conductive metal and is used for high performance with an added cost compared
with copper coating; hence, it is used in the most demanding applications such
as heavy industry. The primary application of silver-coated copper conductive
coating provides high-conductivity EMI shielding at a reasonable cost.
Automotive industry is expected to exhibit the
highest growth from 2020 to 2025
The
fast-changing automotive manufacturing industry across the world requires EMI
shielding solutions to a great extent. There is an increase in demand for
electric vehicles and autonomous cars globally. Also, onboard GPS navigation
systems, touchscreen infotainment systems, handsfree features, Bluetooth
capabilities, and terrain management systems have increased the convenience and
safety of both the driver and the traveler, but the increased use of these
devices has created additional challenges related to unwanted EMI. Hence, with
an increase in the adoption of advanced electronics, the need for EMI shielding
will be more critical in the automotive market.
APAC expected to be the fastest-growing region in
the EMI shielding market from 2020 and 2025
The
market in the Asia Pacific is expected to grow at the highest CAGR during the
forecast period. The growth of the said market during the forecast period is
expected due to the high demand for consumer electronic products such as
smartphones and home appliances., the Japanese market, however, would be driven
by the demand for electric and hybrid vehicles and advanced consumer
electronics products.
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Performance Materials (UK), Parker Hannifin (US), PPG Industries (US), Henkel
(Germany), and RTP Company (US) are the major players operating in the EMI
shielding market.
