According to a new report by Transparency Market Research(TMR) titled ‘EMI Shielding Materials Market – Global IndustryAnalysis, Size, Share, Growth, Trends, and Forecast, 2018–2026’, the global EMI shielding materials market wasvalued at around US$ 5,400 Mn in 2017 and is anticipated to expand at a CAGR ofover 6% from 2018 to 2026. Electromagnetic interference (EMI) can be defined asthe electromagnetic field in radio frequency spectrum caused by nearbyelectronic devices, which can negatively affect the working of electronicdevices located in surrounding areas. The electromagnetic field is also harmfulto humans. Hence, EMI shielding materials such as metals, laminates, andconductive coatings are used to surround electronic devices and guard themagainst electromagnetic frequencies. These materials are extensively employedin defense, electronics, aerospace, automotive, and other industries wherelarge amounts of electronic communication are used. Majority of electronicdevices and equipment that are sold across the globe are manufactured in AsiaPacific and exported to other regions such as North America, Europe, LatinAmerica, and Middle East & Africa. Hence, Asia Pacific is a major consumerof EMI shielding materials.
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Growth of the telecommunications industry drivesthe market
The telecommunications industry has been growing for the last 30 years.Demand for EMI shielding materials in this industry increases with every newtechnological development such as smartphones and Internet. Rise in use ofthese technologies is projected to increase emission of electromagneticsignals; therefore, it is important that signals do not interfere with eachother, which can be ensured by the use of EMI shielding materials. In thetelecommunications industry, EMI shielding materials are used in communicationtowers and associated wires and cables and server rooms and relatedinstrumentation. Apart from shielding electronic devices from electromagneticfrequencies, EMI shielding materials also help protect devices during extremeenvironmental conditions such as strong winds.
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Expansion of EMI Shielding Materials MarketRestricted by Regulatory Guidelines
Electromagnetic frequencies are harmful to human health. These alsoaffect the working of other electronic devices. Hence, there are regulationsregarding excessive emission of electromagnetic frequencies to protect humansand other nearby electronic devices. These regulations ensure the appropriateuse of EMI shielding materials. However, stringent enforcement regulations haveslowed down the development of advanced electronic devices. This, in turn,negatively affects the utilization of EMI shielding materials in industriessuch as telecommunications, aerospace, defense, electronics, and health care.
Use of EMI Shielding Materials to Increase in theDefense Industry
Many devices and equipment in the defense industry such as GPSs, radars,military satellites, and handheld communication devices require EMI shieldingmaterials. The number of devices using electromagnetic signals has increaseddue to the development of advanced weapons such as fighter aircrafts anddrones. This has increased the importance of ensuring that electromagneticsignals do not disrupt military devices, as improper working of devices canrisk lives of soldiers. As a result, the importance and use of EMI shieldingmaterials is expected to increase in the defense industry.
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Global EMI Shielding Materials Market is Segmentedinto Material, Application, and Region
In terms of material, the market has been categorized into conductivecoatings, metals, conductive plastics, laminates, and others. The conductivecoatings segment is likely to increase at a considerable pace during theforecast period, as it can be used individually as well as in combination withother materials such as conductive plastics and laminates. The metals segmentis also expected to expand at a substantial pace, as these can be used in a widerange of end-user industries such as automotive, defense, aerospace, andtelecommunications. In terms of applications, the market has been segmentedinto defense, electronics, automotive, telecommunications, aerospace, andmedical. The defense segment is expected to expand at a rapid pace due to theincrease in activities such as manufacturing and innovation in the industry.This segment is likely to be followed by the automotive segment, which has beena consistent consumer of EMI shielding materials. In terms of region, themarket has been divided into North America (the U.S. and Canada), Latin America(Brazil, Mexico, and Rest of Latin America), Europe (Germany, the U.K., France,Italy, Spain, Russia & CIS, and Rest of Europe), Asia Pacific (China, India,Japan, ASEAN, and Rest of Asia Pacific) and Middle East & Africa (GCC,South Africa, and Rest of Middle East & Africa).
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Companies Headquartered in Developed Economies toDominate Global Market
Key players in the global EMI shielding materials market include LairdTechnologies, 3M Inc., Parker Hannifin Corporation, HEICO Corporation, andSimotec (Thailand) Co. Ltd. Every region and country has several local players.However, their geographic reach and variety of products are highly limited ascompared to multinational companies.
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