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.
Request Sample Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=19091
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.
Read Report Overview @ https://www.transparencymarketresearch.com/emi-shielding-materials-market.html
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.
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.
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453