Summary:• The global EMI shielding market size reached USD 7.3 Billion in 2023.
• The market is expected to reach USD 10.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032.
• North America leads the market, accounting for the largest global EMI shielding market share.
• Conductive coatings and paints accounts for most of the market share in the material segment as they are cost-effective and can be easily applied to various surfaces.
• Radiation holds the largest share in the shielding method segment of the EMI shielding industry, due to the increasing use of high-frequency devices, which are more prone to interference.
• Consumer electronics remain a dominant segment in the market, as devices become smaller and more powerful.
• The proliferation of electronic devices is a primary driver of the EMI shielding market.
• The establishment of several policies and regulations by the government is reshaping the EMI shielding market.
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Industry Trends and Drivers:
• Rising Demand for Electronic Devices:
The rapid adoption of electronic devices, such as smartphones and automotive electronics, is one of the major factors driving the market growth.
Moreover, the growing demand for electromagnetic interference (EMI) shielding as the world becomes more connected and reliant on electronic gadgets is fueling the market growth. Along with this, the increasing demand for protection in industries like automotive, telecommunications, and consumer electronics, where device performance and reliability are paramount, is fostering the market growth.
Additionally, the burgeoning incorporation of electronic systems like global positioning system (GPS), infotainment, and safety controls in automobiles, which require EMI shielding to function without interference, is enhancing the market growth.
Some of the key players in the market are:
• 3M Company
• Parker Chomerics (Parker Hannifin)
• Dow Inc
• ETS-Lindgren (ESCO Technologies Holding Inc.)
• Henkel AG & Co. KGaA
• Kitagawa Industries (Nitto Kogyo Corporation)
• Laird Technologies Inc. (Advent International)
• Leader Tech Inc. (HEICO Corporation)
• PPG Industries
• RTP Company (Miller Waste Mills Inc.)
• Schaffner Holding AG
• Tech-Etch Inc.
Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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