Market Insights:
The global EMI & RFI shielding materials market is growing steadily,
mainly attributes to the vitality of these materials in electronic devices.
Over recent years, the consumer electronics industry has grown strongly, which
is acting as a significant tailwind to market growth. The proliferation of
smartphones and other smart connected devices is accelerating the growth of the
market, escalating it on the global platform.
According to a renowned research firm - Market Research Future (MRFR),
the global EMI and RFI shielding materials market is set to reach USD 11,210.81 MN by 2023. In
its recently published research, MRFR also asserts that the market would
register a CAGR over 6.05%
throughout the forecast
period (2018 – 2023). The increasing popularity of smartphones and other
consumer electronics, especially in emerging regions led by improving economic
conditions, impacts the market growth, hugely.
Besides, increasing government efforts being taken to upgrade the
electricity distribution infrastructure are influencing the growth of the
market, majorly. The increasing demand for renewable energy has fueled the
growth in the numbers of overall power grids. Moreover, increasing expenditures
on research activities and the augmenting demand for EMI & RFI shielding
materials due to the rapid growth in the automotive industry are providing
impetus to the growth of the market.
Industry Segmentation:
The report is segmented into four dynamics to widen the scope of
understanding,
By Material : Metal, Mu-Metal, Elastomer, Plastics, Carbon & Graphite, Conductive
Elastomers, and Polymer, among others.
By Product : Coating & Paint, EMI Enclosure, and Gasket, among others.
By End-use : IT & Telecommunication, Medical, Defense, Electronic, and
Automotive, among others.
By Regions : Europe, North America, Asia Pacific, and the
Rest-of-the-World.
Regional Analysis:
The Asia Pacific region is
projected to remain dominant in the global EMI & RFI shielding materials
market throughout the forecast period. In 2017, the region held a commanding
46.88% share in the worldwide market. Factors, such as growing demand from the
consumer electronics industry and the growing government efforts to increase
power grid coverage in the region foster the growth of the regional market.
India, China, and Japan are
emerging as major markets for EMI & RFI shielding materials in the region
on account of the wind adoption rate across the energy industries. Moreover,
continually rising end-use industries would propel the regional market growth
over the assessment period. Furthermore, the continuously growing automotive
sector would fuel the regional EMI & RFI shielding materials market,
creating substantial market demand.
North America is another
lucrative market for EMI & RFI shielding materials market, globally. Rapid
developments in 5G technology and the augmenting demand for these materials in
the aerospace industry is spurring the growth of the regional market growth.
Continuing with the surging market demand, the region is expected to register
5.20% CAGR during the forecast period. Besides, increasing production
capacities, high consumption potential, and the well-developed economy would
support regional market growth.
The EMI & RFI shielding
materials market in the European region is predicted to observe a surging
demand throughout the forecast period. Increasing spending on luxury items led
by the growing consumers purchasing power in European countries such as
Germany, Italy, Spain, France, Russia, and the UK is creating considerable
market demand. Germany would provide immense impetus to the regional market
growth due to the presence of major automobile manufacturers.
Competitive Analysis:
Highly competitive, the EMI & RFI Shielding Materials Market
appears to be fragmented due to the presence of several small and large-scale
players. These players adopt strategic approaches such as mergers &
acquisition, collaboration, expansion, and product/ technology launch to
harvest a larger market share. They compete based on quality, innovation,
service, reputation, distribution, and promotion. Players are extending their
foothold in the international market by offering products at lower prices,
which attracts end-users. Moreover, they focus on increasing their product
value by extending their geographic reach and maximizing their profit shares.
Major Players:
·
Laird PLC
·
Chomerics
·
PPG Industries, Inc.
·
RTP Company
·
Henkel AG & Co. KGaA
·
3M
·
Tech-Etch, Inc.
·
Schaffner Holding AG
·
AI Technology, Inc.
·
MAJR Products
·
Orion Industries Incorporated
·
Holland Shielding Systems BV
Industry/ Innovation/ Related News:
June 05, 2019 ---- PPG Industries, Inc. (the US), a leading
global supplier of paints, coatings, and specialty materials launched its new
product - PPG TESLIN® EMI/RF (electromagnetic interference/radio-frequency)
shielding material. It is a flexible, moldable, and affordable shielding
solution that can be customized to provide specific shielding functionality and
performance.
The patent of the material is
pending with the US Patent & Trademark Office. The new PPG Teslin EMI &
RF shielding material is designed for electronic applications that require
shielding to function properly and to protect RF transponders, providing a durable
grounding path. Also, this material is gaining interest as a shielding solution
for advanced electronic passports (e-passports) due to its ability to protect
against fraudulent access to travelers’ personal data, thereby increasing
document security.
COVID-19 Outbreak Impact on Carbon black Market @ https://www.marketresearchfuture.com/report/covid-19-impact-carbon-black-market
No comments:
Post a Comment