EMI Shielding Materials Market Growth Forecast 2024 | Cybershield Inc, Edogawa Gosei, EIS Fabrico, Henkel, MAJR Products Corporation, Schaffner Holding
Date: 2019-02-11   Author: Rahul Varpe  Category: #news

EMI Shielding Materials Market Growth Forecast 2024 | Cybershield Inc, Edogawa Gosei, EIS Fabrico, Henkel, MAJR Products Corporation, Schaffner Holding

EMI shielding materials market is segmented according to the type of materials used which include aluminum, brass, nickel, silver, stainless steel, conductive carbon/graphite composites, metalized plastics and others. Metals are commonly used as shielding material and have a significant market share because of their high electrical and thermal conductivity. Conductive composites EMI shielding materials market will also increase in the coming years because of its extensive use in electronic gadgets such as tablets, laptops, smartphones, medical devices, etc.
 
By application, EMI shielding materials market is categorized as electronics, defense, automotive, telecommunications, aerospace and medical. Electronics has a substantial share due to use of better circuits and chips in devices which require improved radiation shielding and this trend is expected to continue during the forecast period. 

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EMI shielding materials market for defense applications also has a noteworthy share owing to increasing use of sophisticated communications and radar equipment which can affect other devices and people operating it. The products application in telecommunications, aerospace and automotive is likely to increase in the forecasted timeframe.

Electromagnetic Interference (EMI) Shielding Materials Market Size will grow at a moderate rate from 2017 to 2024. The factors that are driving the industry are increasing telecommunications infrastructure worldwide, increasing use of electronic devices in automobiles and tremendous growth of mobile wireless communications which is resulting in the need to shield digital equipment from interference by unwanted radio frequencies.
 
Stringent EMI regulations and need for protection of users from electromagnetic radiation will boost the EMI shielding materials market during the forecast period. Next generation integrated electronic circuits and stacked & multi-chip package structures are more vulnerable to interference.
 
Apart from affecting performance of nearby circuits, EMI may also lead to data loss, increased error rate or complete shutdown of electric circuits. Rising need to protect critical equipment in end use sectors from failures to enhance safety features and minimize financial losses will augment EMI shielding materials market growth in coming years. Automotive manufacturers are increasingly installing features such as advanced driver assistance systems, touchscreen infotainment systems, on-board navigation & terrain response systems in the vehicles. 

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These features create interference posing serious threat to the electric circuitries of the vehicles resulting in the need of shielding materials augmenting the EMI shielding materials market during the forecast timeframe.
 
Increasing global defense expenditure by countries will positively influence the EMI shielding materials market as the product is extensively used to shield weapon systems from interference. With growing instability in many regions of the world, countries are expanding their defense capabilities and spending more on research and development of new weapons systems. Global military expenditure was around USD 1.5 trillion in 2015 and the top three countries in terms of spending were the U.S, China, and Saudi Arabia. 

Growth in the aerospace industry, including space exploration, will also drive the market. 30,000 new passenger aircrafts will be needed in the next 20 years to cope with increasing number of air passengers and many equipment used in aircrafts need the shielding materials. Rising space exploration missions by countries will also augment the EMI shielding materials market in coming years.
 
The product requires high end R&D activities and huge capital costs for its processing. Coatings may lose solubility in water or other solvents and some coatings may become unstable when it comes in contact with moisture. Use of rare earth metals in shielding also increases manufacturing costs. These factors may hamper the EMI shielding material market in the future.

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Key players in the EMI shielding materials market are AI Technology, 3M Company, Alco Technologies, EMI Shielding Materials Company, CGC Precision Technology, Changzhou Pioneer Electronic Company, CGS Technologies, Cybershield Inc, Edogawa Gosei, EIS Fabrico, Henkel, Jinan, ETS- Lindgren, Leader Tech, Omega Shielding Products, Orion Industries, PPG Industries, Tch-Etch, MAJR Products Corporation, Schaffner Holding, Solueta Company, Coilcraft and Greene Rubber Company.

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Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for AlgosOnline. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. ...

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