The EMC Filtration market is projected to grow from USD 1.2 billion in 2023 to USD 1.6 billion by 2028; it is expected to grow at a CAGR of 5.5% from 2023 to 2028. The major drivers of the EMC filtration market are the increasing demand for electronic devices, stricter EMC regulations, growing adoption of wireless technologies, rising demand for miniaturization, and advances in filter technology. These factors are expected to drive the growth of the EMC filtration market at a significant rate in the coming years.
Key players operating in the market include Schaffner Holding AG (Switzerland), Delta Electronics, Inc. (Taiwan), TDK Corporation (Japan), TE Connectivity (Switzerland), Littelfuse, Inc (US), Sinexcel (China), Schurter Holding AG (Switzerland), AstrodyneTDI (US), among others. The presence of many players characterizes the EMC Filtration market. The market has seen considerable consolidation in recent years as major players continuously acquire smaller players.
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Schaffner Holding AG core business provides electromagnetic solutions to its customers for reliably and efficiently operating electronic systems. It offers the widest range of customized and standard products in the market. The company is also expanding its business by taking several strategic initiatives, such as targeting the most attractive growth markets and the highest-margin applications in the EMC business. The company has witnessed a strong fiscal year with new orders, and net sales accelerated significantly. The company also has a widespread distribution network of partners and local application centers to ensure customer support and proximity. Apart from this, the EMC business segment maintains numerous service and application centers to be close to customers worldwide.
TE Connectivity has a strong business in electrical components and electronic parts and has the broadest product portfolio in this segment. The company manufactures 247 billion products annually, generating a revenue of USD 16.3 billion by the end of 2022. The company has a broader product portfolio for EMC and EMI solutions, including EMC shielding products, EMC Filters, EMC and EMI accessories, Line rectors, EMI/EMP connectors, making it a good enough strength to withstand the competitive landscape regarding the market. The company offers a diverse range of EMC filters, such as single-phase filters, 3-phase filters, DC filters, multi-function inlet filters, IEC unfiltered inlets, and many more, which showcase high product mix and reduce the risk of dependency on limited products. The company is adopting strategic alliances and deals to strengthen its product portfolio. For instance, in May 2022, TE Connectivity acquired Kemtron Ltd, a UK-based leading player and provider of EMI/RFI shielding, environmental sealing, gaskets, and components.
TDK Corporation has over 85 years of experience operating in various electronics components/services. The company has created a solid hold in the Japanese market. It has several diversified portfolios in the EMC filtration market, such as single-phase, 3-phase, DC filters, etc. TDK Corporation has customized growth strategies to increase its sales by 35% by the end of the fiscal year 2024. The company is steadily growing its core business.
The company is targeting new trends entering the market, such as the Internet of Things (IoT), 5G communications, advanced driver-assistance systems (ADAS), and others. Market demands from these trends, such as lower power consumption and increased functionality, are growing, and the company is launching notch filter solutions to address market expectations. The company has many product categories and innovations in its portfolio. The company invests more in R&D expenditure, strengthening its market position.
Littelfuse, Inc. is an American electronic manufacturing company engaged as an industrial technology provider. The company has a wide range of customer bases, with over 6,900 direct customers. The company sells its EMC products under the Electronics segment. Littelfuse Inc. provides a diverse selection of EMC filters, such as feedthrough filters, surface mount filters, and chassis mount filters, suitable for various applications, including the automotive, telecommunications, medical, and industrial sectors. Littelfuse, Inc. is expanding its business by adopting organic and inorganic strategies. The company is undertaking several strategic initiatives, such as mergers and acquisitions, to build innovative electronic components and expand businesses and product lines with the potential to strengthen its industry position and enhance the existing product offerings.
Related Reports:
EMC Filtration Market by Insertion Loss, EMC Filters (1-Phase EMC Filters, 3-Phase EMC Filters, DC Filters, IEC Inlets, Chokes), Power Quality Filters (Passive Harmonic Filters, Active Harmonic Filters, Output Filters, Reactors)- Global Forecast to 2028
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