Global EMI
Shielding Market: Snapshot
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. Serving to hinder the market, on the
other hand is the restrictive regulations.
A report by
Transparency Market Research, forecasts 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.
Browse The Report:
http://www.transparencymarketresearch.com/emi-shielding-market.html
Consumer
Electronics Leading Application Segment Because of Rising Sales of
Smart Electronics
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.
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.
Asia Pacific
Market Catapulted to the Forefront by Demand for Electronic Products
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.
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.
About Us
Transparency Market
Research (TMR) is a next-generation provider of syndicated research,
customized research, and consulting services. TMR’s global and
regional market intelligence coverage includes industries such as
pharmaceutical, chemicals and materials, technology and media, food
and beverages, and consumer goods, among others. Each TMR research
report provides clients with a 360-degree view of the market with
statistical forecasts, competitive landscape, detailed segmentation,
key trends, and strategic recommendations.
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