EMI Shielding Market

Key Revenue Pockets - EMI Shielding Market

EMI shielding is becoming increasingly important due to the increasing number of electronic devices and their interaction. The need for electromagnetic interference (EMI) shielding is further propelled by the increasing clock frequencies, faster slew rates, and increasing packaging density, as well as the rising demand for smaller, lighter, cheaper, and low-power devices. 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 2024. The factors that are driving the growth of the market include ongoing demonstrations of field trials and pilot projects to develop the viability of 5G technology and stringent EMI regulations.

The EMI shielding market for the automotive industry is expected to grow at the highest CAGR from 2019 to 2024. This is because the fast-changing automotive manufacturing industry across the world requires EMI shielding solutions to a great extent. There is an increase in the demand for electric vehicles and autonomous cars globally. Also, onboard GPS navigation systems, touchscreen infotainment systems, handsfree features, Bluetooth capabilities, and terrain management systems have increased the convenience and safety of both the driver and the traveler, but the increased use of these devices has created more challenges related to unwanted EMI. Hence, more the adoption of advanced electronics, more critical will be the need for EMI shielding in the automotive market. Hence, automotive manufacturers consult with EMI shielding solution providers to find smart solutions before designing a vehicle.

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The market for EMI shielding tapes & laminates is expected to grow at the highest CAGR from 2019 to 2024. EMI shielding tapes are designed to contain interference caused by the signals emitted from electronic circuits. Sensitive equipment is also protected from the random signal emitted in the environment. Typically, shielding tapes are used to seal individual electronic cabinets, cabinet doors, panels, and cables. These shielding tapes are made from different materials such as copper, embossed copper, steel, aluminum, tinned copper, and nickel-plated fabric and come with or without a pressure-sensitive adhesive. The pressure-sensitive adhesive provides ease of installation by saving the labor on the application of tapes, excellent conductivity and conformability, better abrasion and corrosion resistance, and strong adhesion provides long-term shielding.

The EMI shielding market in APAC is expected to grow at the highest CAGR from 2019 to 2024. APAC is the manufacturing hub for both automotive as well as consumer electronic products that largely require EMI shielding solutions. Subsequently, ever-increasing use of electronic systems in the automotive sector, advancements in the cellular infrastructure, and the rising demand for consumer electronic products have fueled the growth of the said market in Asia Pacific. Various shielding materials such as EMI shielding tapes, conductive coatings, conductive polymers, filters, and metal enclosures are employed to make the device and system electromagnetically complaint.

Related Reports:

EMI Shielding Market by Material (EMI Shielding Tapes & Laminates, Conductive Coatings & Paints, Metal Shielding, Conductive Polymers, EMI Filters), Method (Radiation, Conduction), Industry, and Geography - Global Forecast to 2024

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Report Code
SE 5033
RI Published ON
2/18/2019
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