The global EMI shielding market to rise at a CAGR of 6.1% from 2017 to 2025 to attain a value of US$9.84 bn by 2025 from US$5.96 bn in 2016.
Numerous companies operate in the global EMI shielding market and based on competitive pricing, performance, support services, quality, and product innovation, they are trying to gain a greater foothold in the market. The big companies, who can afford it, are funneling substantial amounts into research and development to come up with better products.
They are also trying to expand their outreach through carefully-considered partnerships and mergers and acquisitions.
The explosive sales in the consumer electronics is at the forefront of driving growth in the global EMI shielding market.
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EMI shielding finds application in various sectors such as healthcare, information technology, telecommunication, aerospace and defense, automotive, consumer electronics, and others. At present, the consumer electronics segment accounts for a leading share in the market because of the growing sales of different sophisticated smart electronics such as mobile phones and tablets, GPS tracker, portable communication devices, etc.
Other key end use segments are the automotive, aerospace, defense, and healthcare. In the automotive segment, for example, EMI shielding is used in power seats, power windows, automatic sliding doors, remote starters, and keyless ignitions.
With the explosive growth in the automotive sector worldwide, the global EMI shielding market too will likely receive a fillip.
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With the growing technological advancement, the use of EMI shielding in different aerospace and defense is also growing rapidly. It serves to bring down the electromagnetic interference during operation time, increase the efficiency of operations, and provide enhanced safety to the end user.
This in turn is anticipated to increase the uptake of this technology and create a better opportunity for various EMI shielding technology providers in the coming years.
Powered by the massive demand for consumer electronics products, namely tablets, smartphones, liquid crystal display (LCD), light emitting diode (LED), and computers, Asia Pacific has emerged as the dominant region in the global EMI shielding market. Taiwan, India, China, Japan, and South Korea are said to be the leading drivers of demand for consumer electronics products.
Another factor serving to catapult the Asia Pacific market to the forefront is the rapid progress in high-tech technology.
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North America trails Asia Pacific in the global EMI shielding market. In 2016, the region held 25% in terms of revenue.
Like Asia Pacific, the market in the region too has been driven by technological progress and by the growing demand for LEDs in a wide array of consumer electronic devices. Besides, the electronics manufacturing services (EMS) industries in the region, which have seen steady progress in the last couple of years, have also been boosting the EMI shielding market.
Going forward, they are likely to continue boosting the market. The U.S. is the leading market in North America.
Europe is another major revenue generator in the global EMI shielding market. Swift pace of technological innovation and significant investment in electronics industry are some of primary factors fuelling growth in the market in the region.
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.
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