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The Aircraft EMI Shielding Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Aircraft EMI Shielding is the increasing demand for Aircraft EMI Shielding in various industries.
This report on the Aircraft EMI Shielding Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Aircraft EMI Shielding Market. The report intends to present a thorough analysis of the Aircraft EMI Shielding Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Aircraft EMI Shielding Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Aircraft EMI Shielding Market are-
Parker Hannifin Corporation (Chomerics Division),
W. L. Gore and Associates, Inc.,
The 3M Company,
Laird Plc,
PPG Industries, Inc.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Aircraft EMI Shielding Market value and growth drivers over the trend period of 2019-24. According to the report -
The global aircraft EMI shielding market offers healthy growth opportunities in the entire ecosystem and is projected to reach US$ 993.0 million in 2024. Increasing production rates of key aircraft programs, such as B737, B787, A320, and A350XWB; introduction of composite-rich aircraft, such as B787; increasing use of modern electronics equipment; advancement in EMI shielding technologies and rising global aircraft fleet size are the major growth drivers of the market.
Segment Analysis:
Based on Aircraft Type:
The market is segmented based on the aircraft type as Commercial Aircraft, Military Aircraft, Regional Aircraft, General Aviation, Helicopter, and UAV. Commercial aircraft is expected to remain the growth engine of the market during the forecast period. Increasing commercial aircraft deliveries to support rising passenger and freight traffic, introduction of fuel-efficient next-generation aircraft, increasing penetration of advanced composites in aircraft structural applications, and rising commercial aircraft fleet size across regions are the key factors propelling the demand for EMI shielding in the segment.
Based on Region:
Based on regions, North America is expected to remain the largest aircraft EMI shielding market during the forecast period, whereas Asia-Pacific is expected to experience the highest growth in the same period. The higher growth of aircraft EMI shielding in Asia-Pacific is mainly attributable to the increasing aircraft fleet to support rising passenger traffic, opening of assembly plants of Boeing and Airbus for B737, A320, and A330 aircraft programs; increasing procurement of military aircraft owing to rising defense budget, and upcoming indigenous commercial and regional aircraft (C919 and MRJ).
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