The global commercial market is being flooded with new electronic products every day that come with the promise of convenient life. This widening range of electronics are prone to causing damage and interference with each other, if not shielded properly. Electromagnetic interference (EMI) works to isolate the energy of a device to prevent its effect and block external energy from attacking. In the present day and age of information, the exposure to electromagnetic wave spectrum has increased due to growing usage of electronics. The growing usage of electronic appliances in electric vehicles, voice-assisted personal entertainment systems, and the effect of AI is propelling demand for EMI shielding. These factors, coupled with increasing industrialization are further boosting the adoption of EMI shielding in the consumer electronics domain. This is expected to unlock new revenue opportunities for the global EMI shielding market.
Viability of 4G and 5G Network Infrastructure Exhibits High Growth Potential
The rapid advancements in 4G and 5G network infrastructure are among the major drivers of consumer electronics. By automating network behaviours, this technology is expected to generate new applications and business use cases. That said, the need for high-speed wireless connectivity has prolonged the demand for 5G networks. This aspect, coupled with the expanding applications of electronic components and systems in automotives is fuelling the demand for EMI shielding. The adoption of 5G contributes to increased electromagnetic wave exposure, thereby elevating the need for EMI shields. Therefore, the rapid advancements in network infrastructure are projected to steepen the growth curve for the EMI shielding market.
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Conductive Coatings and Paints to Gain Prominence in EMI Shielding Market
Paints and conductive coatings protect non-metal surfaces from electromagnetic radiation. The conductive shield around the casing is made using materials such as silver, nickel, graphite, and silver-coated copper. The conductive coating is used in electronics including cell phones, computers, calculators, electronic displays, and touch panels. Of late, a surge in the use of conductive coatings is recorded. Their thin layers are also employed over plastic housings and casings and facilitate EMI shielding and static charge dissipation. This can be attributed to the rising per capita income, urbanisation, and industrialization. With the increased use of plastic electronics, conductive coatings are also in demand, consequently accelerating the growth of EMI shielding market.
Asia Pacific Stays Lucrative Amidst Growing Demand for Mobile Data Services
The growing use of electronic systems in the automotive industry, advancements in wireless cellular infrastructure, and paced demand for consumer electronics are creating the demand for EMI shielding solutions in the Asia Pacific. In addition to this, mobile data services are growing in popularity in the region. This is due to the massive price cut implemented by operators to attract a larger number of end users. Owing to a huge customer base, the region has a high rate of adoption of wireless devices and services. The cumulative force of these factors is projected to stimulate regional EMI shielding market expansion.
Prominent Market Players
Some of the major players in the EMI shielding market include Huntsman International LLC, RTP Company, Marktek Inc., SCHAFFNER HOLDING AG, Parker Hannifin Corporation, ETS-Lindgren, Tech-Etch, Inc., Omega Shielding Products, 3M Company, Laird Technologies Inc. HEICO Corporation, PPG Industries, and Henkel AG and Co. KGaA.
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