The leaders of the global EMI shielding materials market for 2015
included 3M, Parker Hannifin Corporation, HEICO Corporation, and
Laird. Their contribution to the global EMI shielding materials
market so far has been immense and they are likely to continue
bagging top spots in the market on the basis of share percentage over
the coming years.Transparency Market Research, in one of its top
level research reports, suggests that the overall degree of
competition in the global EMI shielding materials market is expected
to be very high among the leaders. There are only a few handful of
players that are currently dominating the global EMI shielding
materials market and it is likely to remain so for the coming years.
New entrants are largely discouraged despite the easy availability of
raw materials, due to the extremely stringent regulatory guidelines
and the high cost of manufacturing. Leaders in the global EMI
shielding materials market can be confident of the threat from
substitutes over the coming years. The global EMI shielding materials
market was calculated to reach US$6.08 Bn in 2015 and is anticipated
to reach US$ 10.75 Bn by 2024, expanding at a CAGR of 6.7% between
2016 and 2024.
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Telecommunications
Infrastructure a Top Priority for Many
“EMI shields are of very high importance in the modern
telecommunications industry, as these materials can help reduce or
even negate the loss of transmission of data that is usually caused
by the electromagnetic interference. Often, telecom cables are laid
in routes that expose them to extreme environmental conditions,
including high range temperature changes, and EMI shielding materials
can help mitigate the damage. The current rate of development of the
global telecom industry is making it not only possible, but also
necessary to implement EMI shields in all electronic devices,
including mobile devices. This is collectively the top driver
spurring the growth of the global EMI shielding materials market,”
states a TMR analyst.
Another factor driving the global EMI shielding materials market
currently, is the growing demand for next-gen electronic circuits
that excel in multi-level integration. The rate of development in
electronics has been immense over the past decade and it can be seen
through the high level of sophistication used in even toys and common
consumer electronics. The use of advanced electronic chips is
considerably increasing the scope of electromagnetic radiation,
making is necessary for even common electronic devices to be using
EMI shields.
Manufacturing
Expenses Restraining New Player Entry
One of the key factors restraining the global EMI shielding materials
market at the moment is the high costs associated with the
manufacturing processes of EMI shields. This applies especially to
the shields that are to be used in the defense and aerospace
industry, where the demand for EMI shields is growing very swiftly.
The level of quality and precision needed to manufacture EMI shields
for this industry is something which a lot of new entrants are
willing to take on. The global EMI shielding materials market is also
being restricted by the stringent regulatory frameworks surrounding
manufacturing and the use of specific materials, especially in the
developed economies from North America and Europe.
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“Players of all sizes in the global EMI shielding materials market
can certainly look forward to the consumer electronics industry for a
steady increment in demand. This industry is bound to accelerate its
demand for EMI shields due to the sheer volume of electronic devices
already in use and more in demand,” adds the analyst.
The information presented in this review is based on a Transparency
Market Research report, titled, “EMI Shielding Materials Market
- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
2016 - 2024.”
Key
segments of the Global EMI Shielding Materials Market
EMI
Shielding Materials Market – Material Analysis
- Conductive Coatings
- Metals
- Conductive Plastics
- Laminates
- Others
EMI
Shielding Materials Market – Application Analysis
- Defense
- Electronics
- Automotive
- Telecommunications
- Aerospace
- Medical
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