Global EMI Shielding market was valued at $ 6.3 billion in 2022 and is likely to reach $ 11.7 billion by 2032, registering a CAGR of 6.1% over the forecast period of 2023-2032.
In an increasingly interconnected world, the proliferation of electronic devices across various sectors has brought electromagnetic interference (EMI) to the forefront as a critical concern. From consumer electronics to automotive, aerospace, healthcare, and telecommunications, the smooth and reliable operation of sophisticated systems hinges on effective EMI shielding. This has propelled the EMI shielding market into a phase of sustained growth and innovation.
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Companies:
- 3M Company
- Conductive Composites
- EMI Shielding Limited
- ETS-Lindgren
- Henkel Corporation
- Kitagawa Industries Co., Ltd.
- Laird Performance Materials
- Leader Tech Inc.
- MG Chemicals
- NEC-Tokin Corporation
- PPG Industries, Inc.
- RTP Company
- Schaffner Group
- Tech-Etch, Inc.
- Zippertubing Co.
Driving Forces Behind Market Expansion:
Several key factors are fueling the robust expansion of the EMI shielding market:
- Surging Demand for Electronics: The ever-growing appetite for consumer electronics like smartphones, laptops, tablets, and wearables necessitates advanced EMI shielding solutions to ensure their functionality and prevent interference.
- Stringent Regulatory Standards: Governments worldwide are implementing stricter electromagnetic compatibility (EMC) regulations to minimize unwanted electromagnetic emissions between devices, compelling manufacturers to adopt effective shielding measures.
- The Rise of 5G and IoT: The deployment of high-frequency 5G networks and the proliferation of Internet of Things (IoT) devices have heightened the sensitivity of electronics to EMI, creating a greater need for robust shielding.
- Electric Vehicle Revolution: The rapid growth of the electric vehicle (EV) market is significantly boosting demand for EMI shielding. EVs are equipped with numerous interconnected electronic systems, including battery management, infotainment, and advanced driver-assistance systems (ADAS), all of which require protection from electromagnetic interference to ensure safety and performance.
- Advancements in Automotive Electronics: Modern vehicles incorporate increasingly complex electronic systems for navigation, communication, safety, and control. These sophisticated systems are susceptible to EMI, driving the demand for effective shielding solutions.
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