Key Highlights of Global EMI Shielding Market
· TransparencyMarket Research (TMR) predicts that the EMI shielding market would growat a CAGR of 7.2% over the period between 2019 and 2027.The total value of the EMI shielding market would touch US$11.4bn by 2027, rising up from a value of US$6.3bn in 2018.
· Researchrelated to radio frequencies and electromagnetic radiation has gatheredmomentum in recent times. Besides, the wide-scale applications of RF shieldinghave also garnered the attention of scientists and developers. Therefore, thetotal demand within the global EMI shielding market is set to touch new heightsin the years to follow.
· Researchersemphasize on the need to prevent coupling of radio waves, electrostatic fields,and electromagnetic fields. Therefore, EMI shielding has gained tremendousrelevance across multiple industries. It is, therefore, safe to prognosticatethat the global EMI shielding market would become a haven of lucrativeopportunities in the years to follow.
Key Drivers of Global EMI Shielding Market
· Use ofEMI shielding in the electronics industry has opened new avenues for growth forthe market vendors. Shielded cables have gained immense popularity in the domainof electronic manufacturing. This factor, coupled with the relevance ofcontrolling electrical signals in several devices, has created newopportunities for growth and advancement.
· Shieldingof electromagnetic and electrostatic field is an indispensable feat across theelectronics industry. The revenue index of the global EMI shielding market isset to improve in the years to come by.
· NATOprovides discrete specification with regard to shielding of keyboards andcomputers. These specifications are meant to prevent capturing of passiveemissions from keyboards that could in turn result in password leaks.
· Specialisedkeyboards, majorly used across high-end, industries use EMI shielding to ensureincreased security. Therefore, the need for physical and cyber security hasalso generated fresh revenues within the global EMI shielding market.
· Protectionof medical equipment is also achieved with the help of EMI shielding ofdevices. This factor, in conjunction with the need for protecting againstinterfering signals such as ESMR, AM, TV, and PCS, has driven market demand.
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Consumer Electronics Leading Application SegmentBecause of Rising Sales of Smart Electronics
· EMIshielding finds application in various sectors such as healthcare, informationtechnology, telecommunication, aerospace and defense, automotive, consumerelectronics, and others. At present, the consumer electronics segment accountsfor a leading share in the market because of the growing sales of differentsophisticated smart electronics such as mobile phones and tablets, GPS tracker,portable communication devices, etc.
· Other keyend use segments are the automotive, aerospace, defense, and healthcare. In theautomotive segment, for example, EMI shielding is used in power seats, powerwindows, automatic sliding doors, remote starters, and keyless ignitions. Withthe explosive growth in the automotive sector worldwide, the global EMIshielding market too will likely receive a fillip.
· With thegrowing technological advancement, the use of EMI shielding in differentaerospace and defense is also growing rapidly. It serves to bring down theelectromagnetic interference during operation time, increase the efficiency ofoperations, and provide enhanced safety to the end user. This in turn isanticipated to increase the uptake of this technology and create a betteropportunity for various EMI shielding technology providers in the coming years.
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High Cost Associated with Manufacturing Process toHamper Global EMI Shielding Market
· Highprice of EMI shielding process equipment along with requirement of huge initialinvestment for establishment of manufacturing unit is one of the most importantrestraining factors that is likely to inhibit the growth of the EMI shieldingmarket during the forecast period from 2019 to 2027.
· Inaddition, EMI shields are used in applications such as defense and aerospace,medical equipment and telecommunication related products which require highlevel of precision and accuracy.
· Ascomponents used in these applications tend to emit radiations at a highfrequency, the EMI shields used need to be of high quality. The manufacturingprocess implemented to assure high quality of products is also very expensive.
· Thesefactors in turn is predicted to limit the growth of EMI shielding industriesduring the forecast period, thereby expected to affect the market in the comingyears.
Asia Pacific Dominates Global EMI Shielding Market
· Thegrowth in telecommunications in the EMI shielding market is followed by growthin the defense sector. Defense sector deploys a wide range of applications likeSatellites which require a high-use of EMI shielding materials. Moreover, dueto growing instability in certain parts of the world, the EMI shielding marketis expected to see a rise in the use of satellites among others.
· Largemanufacturing of electronics in Asia Pacific is expected to drive growth forthe market. Countries like Vietnam, Singapore, China, Thailand, and Malaysiaare witnessing a robust growth, thanks to electronics manufacturing.Furthermore, these products are exported to other countries, bringing inlucrative revenues. Hence, the growth in manufacturing and revenues is likelyto result in EMI shielding market in the near future.
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Competitive Strategies Adopted by Major Players inthe Global EMI Shielding Market
· Businessexpansion is considered to be an important strategy adopted by various leadingplayers in the global EMI shielding market in order to capture the untappedsectors, expand their business, and retain their leading position.
· On April17, 2018, HEICO Corporation announced that its Dukane Seacom Inc. (DukaneSeacom) subsidiary acquired 100% of the business and assets ofthe Emergency Locator Transmitter Beacon product line of Instrumar Limited (ELTProduct Line or ELT) in an all cash transaction. The ELT Product Line, has asignificant installed base of large commercial transport aircraft, and designsand manufactures emergency locator transmitter beacons for commercial aviationand defense markets.
· On March6, 2018, RTP Company announced its expansion into the market in Poland withthe opening of a new manufacturing plant in Wroclaw, Poland. New manufacturinglocation are projected to support the regional demand and provide consistentsupply of products to customers operating in Europe. The plant is projected toopen in the summer of 2018, and would employ around 25 peoplewho would provide additional support to the company’s customer base in Europe.
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