The global Electromagnetic Interference (EMI) shielding market is experiencing significant growth, driven by the increasing use of consumer electronics, the expansion of 4G and 5G infrastructure, and the rising popularity of electric and hybrid vehicles. As disposable incomes rise, consumers are embracing a wide array of electronic devices, leading to greater concerns about electromagnetic interference. EMI shielding, which isolates and protects electronic devices from interference, has become crucial in todays digital age.
Rising Demand for EMI Shielding
The acceleration of 4G and 5G infrastructure deployment, coupled with the proliferation of consumer electronics, including smartphones, computers, and navigation systems, is propelling the EMI shielding market forward. The COVID-19 pandemic has further accelerated this trend as remote work and online education have become the new normal, sustaining the demand for consumer electronics and EMI shielding solutions.
According to a study conducted in March 2020, 70% of internet users worldwide reported increased smartphone usage due to the pandemic, with China leading the way with an 86% increase in smartphone users. With deepening smartphone penetration, the EMI shielding market is poised for sustained growth in the coming years.
Conductive Coatings and Paints Dominate
In the forecast period, conductive coatings and paints are expected to dominate the EMI shielding market, followed by conductive polymers. These coatings safeguard non-metal surfaces from electromagnetic radiation and are widely used in consumer electronics, including cell phones, computers, LCDs, and electronic displays.
Asia Pacific Leads the Way
Currently, Asia Pacific leads the global EMI shielding market, driven by the increasing use of electronic systems in the automotive industry, advancements in wireless cellular infrastructure, and a high demand for consumer electronics. The regions large population, particularly in China and India, has led to a rapid increase in smartphone adoption, further boosting the EMI shielding market.
North Americas Rapid Growth
North America is predicted to experience rapid growth in the EMI shielding market, driven by the complexity of electronics in the telecom sector and the rapid deployment of 5G networks. The presence of major facilities producing automobiles and consumer electronics is also contributing to the regions EMI shielding market growth.
Competitive Landscape
Key players in the EMI shielding market, such as 3M Company, Laird Technologies Inc., Huntsman International LLC, and others, are introducing new products and forming strategic partnerships to meet the growing demand for EMI shielding solutions.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/emi-shielding-market
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COMTEX_442047366/2840/2023-10-17T23:00:23
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