The rapid industrialization and other major driving factors is expected to favor the rise in the global EMI shielding market
Reports and Insights has published a new report titled, “EMI Shielding Market: Opportunity Analysis and Future Assessment 2020-2028”
Global EMI Shielding Market, By Material (Conductive Coatings & Paints, conductive polymers, EMC/EMI filters, metal shielding products, others), By End-Use Industry (Telecommunication & IT, Consumer electronics, automotive, aerospace & defense, healthcare, others) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global EMI shielding market in 2020 is estimated for more than US$ xx Bn and expected to reach a value of US$ xx Bn by 2028 with a significant CAGR of xx%.
EMI shielding in case of electronic equipment and devices can be perceived as the usage of manufacturing materials and techniques to secure signals from being interrupted or disturbed by extraneous electromagnetic signals as well as avoiding generated signals from intruding with encircling elements.
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Electromagnetic interference (EMI) can obstruct electronic equipment, devices, and systems that are utilized in pivotal applications. Some of these crucial applications include military, medical, and aerospace electronics; industrial touch screens, mass transit systems, and vehicular control systems and navigation - to mention only a few. Notably, there are several causes of electromagnetic interference, and include both natural as well as human-made sources. The outcomes can scale from brief disturbances and system failures and resulting in data losses and even loss of life.
At the same time, EMI shielding can be understood as the approach of developing an obstacle that precludes spillage of robust electromagnetic fields that can interrupt sensitive signals and devices. They can be ensconced to separate the electromagnetic field source or as an envelope of the device that requires safety.
In addition, it also restricts the electromagnetic field within a physical space by using obstacles of magnetic or conductive materials and diminishes oxidation and corrosion. Owing to said factors, EMI shielding finds comprehensive applications across numerous industries, worldwide, comprising defense, automotive, aerospace, military, telecommunications and information technology (IT), and healthcare. With the same token, the extensive usage of EMI shielding in the field of consumer electronics is also offering a major lift to the market growth. Attributing to which, the global EMI shielding market is projected to rise significantly in the following years.
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Likewise, the swift industrialization is another major factor that is projected to provide significant breakthroughs to the growth of the global EMI shielding market in the forthcoming years.
Moreover, EMI shielding is comprehensively employed in the industry in infotainment systems and GPS navigation, hands-free attributes and Bluetooth devices to ascertain minimal EMI and efficient performance of the equipment. Thus, the global EMI shielding market is projected to witness significant growth over the coming years.
Reports and Insights Study identifies some of the key participating players in the EMI shielding market globally are 3M Company, Laird Technologies, Inc., Huntsman International LLC., RTP Company, Marktek Inc., ETS-Lindgren, Tech-Etch, Inc., Omega Shielding Products, HEICO Corporation, SCHAFFNER HOLDING AG, Parker Hannifin Corporation, PPG Industries, Henkel AG & Co. KGaA, among others.
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