The EMI shielding market is expected to be valued at USD 6.3 billion in 2019. It is expected to reach USD 8.2 billion by 2024 at a CAGR of 5.34%

NEW YORK, March 4, 2019 /PRNewswire/ -- EMI shielding market is expected to grow at a high rate during 2019–2024
The EMI shielding market is expected to be valued at USD 6.3 billion in 2019. It is expected to reach USD 8.2 billion by 2024 at a CAGR of 5.34% from 2019 to 2024The need for electromagnetic interference (EMI) shielding is further propelled by the increasing clock frequencies, faster slew rates, increasing packaging density, as well as rising demand for smaller, lighter, cheaper, and low-power devices. Factors that are driving the growth of EMI shielding market include ongoing demonstrations of field trials and pilot projects to develop the viability of 5G technology across the world and stringent EMI regulations.

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EMI shielding tapes & laminates are expected to witness highest CAGR in EMI shielding market from 2019 to 2024
A typical application of EMI shielding tapes is in shielded rooms where economical and effective shielding of the seams and apertures is needed.EMI shielding tapes are also used for ground planes or shielding of the electronic cables.

Cables' conductive sheath is bonded with the EMI shielding tapes and to the metallic tip of the connector to provide complete end-to-end shielding.The doors and panels of the electronic cabinets and enclosures are shielded by durable and reliable EMI shielding tapes, which provides a contact surface for conductive gaskets for EMI shielding.

To prevent broadband emission, EMI shielding tapes are commonly used between the transformer coil windings to reduce electrostatic coupling and around the outside of the coils and relays. The wide applications of EMI shielding tapes & laminates make them to show the highest growth rate during 2019–2024.

Consumer electronics to account for the largest share of the global EMI shielding market
The consumer electronics industry held the largest market share in 2019.This is because the EMI shielding market for smartphones has shown tremendous growth in the past years owing to the commoditization of this product as it becomes an alternative to various electronics devices, such as digital cameras, GPS navigators, MP3 players, and computers.

Increased complexities in smartphones require EMI shielding to protect them from harmful radiation. Hence, the consumer electronics segment will have the highest market share of the EMI shielding market during the forecast period.

APAC contributed largest share of EMI shielding market in 2019
APAC accounted for the largest market share in 2019 because of the factors such as the rising demand for consumer electronic products such as smartphones and home appliances and the development of advanced telecom infrastructure.China is a manufacturing hub for various electronics devices; hence, the requirement of EMI shielding is increasing rapidly.

On the other hand, the Japanese market would be driven by the demand for electric and hybrid vehicles and advanced consumer electronic products.

In-depth interviews have been conducted with C-level executives, managers, and other executives from various key organizations operating in the EMI shielding market.
• By Company Type: Tier 1 – 30%, Tier 2 - 35%, and Tier 3 - 35%
• By Designation: C-Level Executives - 55%, Directors - 30%, and Others – 15 %
• By Region: North America - 20%, Europe - 35%, Asia Pacific - 35%, RoW - 10%

Note: Tier 1 = revenue more than USD 1,000 million, Tier 2 = revenue between USD 100 and USD 999 million, Tier 3 = revenue less than USD 100 million
Others" includes sales, marketing, and product managers.

The global EMI shielding market is largely dominated by Laird (UK), Chomerics (US), PPG Industries (US), Integrated Polymer Solutions (US) and DowDuPont (US). The other key players in this market include companies such as 3M Company (US), Kitagawa Industries (Japan), Tech-Etch (US), Schaffner (Switzerland) and Nolato (Sweden), among many others.

Research Coverage:
The research report on the global EMI shielding market covers different segments, namely, material, method, industry, and geography.The market has been segmented on the basis of materials into EMI shielding tapes & laminates, conductive coatings & paints, metal shielding, conductive polymers, and EMI/EMC filters.

Also, the EMI shielding market has been classified based on methods into radiation and conduction.Further, the EMI shielding market has been segmented on the basis of industries into consumer electronics, telecom & IT, automotive, healthcare, and defense & aerospace.

The report covers 4 major geographical regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).

Key Benefits of Buying the Report:
Illustrative segmentation, analysis, and forecast for the market based on component, method, industry, and geography have been conducted to give an overall view of the EMI shielding market.

Major drivers, restraints, opportunities, and challenges pertaining to the EMI shielding market have been detailed in this report.

The report includes a detailed competitive landscape, along with key players, in-depth analysis, and revenue of key players.

Read the full report: https://www.reportlinker.com/p04751617

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