EMI Shielding Materials Market to Record Sturdy Growth by 2024
The
global electromagnetic interference (EMI) shielding materials market
features an intense level of competition and has a very low threat of
new entrants owing to the stringent regulatory guidelines and the
high cost of manufacturing, observes Transparency Market Research in
a recent report. The few leading vendors in the market, including
HEICO Corporation, 3M, Parker Hannifin Corporation, and Laird, are
expected to collectively hold a significant portion of the overall
market through the forecast period as well, owing chiefly to
well-established manufacturing facilities and brand value.
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While
the market has promising growth opportunities, it is hard to breach,
particularly for new vendors, and faces a threat of substitutes. The
rising number of alternatives in the market could eat up revenues and
make the market further competitive.
Transparency
Market Estimates that the global EMI shielding materials market will
exhibit a promising CAGR of 6.7% from 2016 to 2024, rising to an
opportunity of US$10.75 bn by 2024 from a valuation of US$6.08 bn in
2015.
North
America and Europe to Remain Leading Regional Markets
In
terms of materials, metals and conductive coatings have
conventionally found extensive usage for EMI shielding. While metals
continue to remain one of the key choices for EMI shielding, the use
of conductive coatings has seen a significant rise in the past years
owing to their higher scope of usage across a vast set of
applications. The trend is expected to remain strong over the
report’s forecast period as well and the segment of conductive
coatings is expected to account for a significant share in the global
market through the report’s forecast period.
In
terms of geography, the market for EMI shielding in North America is
presently the leading revenue contributor to the global market,
followed by the market in Europe. Factors such as rapid rise in
infrastructure development activities in the telecom sector and the
high production capacity of companies domiciled in these regions are
key to the strong hold of North America and Europe on the EMI
shielding materials market.
Thriving
Telecommunications Industry to Present Promising Growth Opportunities
EMI
shields find extensive usage in the modern telecom industry in
applications related to the loss of data transmission capability
caused by electromagnetic interference. As the telecommunication
industry is treading along a healthy growth path in developed as well
as developing economies, the uptake of EMI shields across new
transmission facilities as well as from facilities that are
undergoing infrastructure upgrades has increased.
The
market for EMI shielding materials is also fueled due to the
increased demand for next-generation electronic circuits that
facilitate multi-level integration of electronic functions. As
complex electronic circuits find their way into common consumer
electronics products as well, the scope of usage of electromagnetic
interference shields has also increased substantially, which, in
turn, is driving the demand for EMI shielding materials.
High
Cost of Manufacturing of EMI Shields Keep Small Vendors at Bay
One
of the key challenges ahead of the EMI shielding materials market is
the high cost of manufacturing EMI shields, especially the ones
manufactured for applications in high profile industries such as
aerospace and defense. The demand for EMI shields is increasing at a
rapid pace in these industries and thus the market for EMI shielding
materials has vast growth opportunities.
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However,
the vast investment requirement in manufacturing facilities and
operations to cater to these sectors is indirectly restricting small
companies from exploiting them. Stringent regulations associated with
the manufacture and use of certain materials in some developed
economies across North America and Europe are also restricting the
global EMI shielding material market from achieving its potential.
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Website: http://www.transparencymarketresearch.com
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