Growing Demand of Consumer Electronics Products in Global Market Anticipated to Boost Electromagnetic Compatibility (EMC) Shielding Market

Rise in production for electric vehicles owing to ongoing developments in automotive sector and growing demand of Consumer Electronics products in global market is anticipated to boost Electromagnetic Compatibility (EMC) Shielding Market during the forecast period. The Electromagnetic Compatibility (EMC) Shielding Market size is forecast to reach $2.08 billion by 2026, growing at a CAGR of 5.2% in the period 2021-2026

Electromagnetic Compatibility (EMC) Shielding Market Size is forecast to reach $2.08 billion by 2026, at a CAGR of 5.2% during 2021-2026.  The increase in production of electric vehicles at global level due to rise in environmental concerns and the growing demand of Consumer electronics products in global market are major factors driving growth in the Electromagnetic Compatibility (EMC) Shielding market during the forecast period. In addition, growing adoption of EMC shielding technology in Telecommunication industry has been a key factor driving the market. Besides this, a rising number of government incentives to encourage sales of green vehicles for safeguarding the environment from carbon emissions is expected drive the market growth. Additionally, EMC Shielding technology have been observing several advancements in technology over the past few years, owing to which its demand is gaining traction in the forecast period 2021-2026.

The EMC Shielding market has witnessed rapid evolution with the ongoing developments in the Healthcare sector and is expected to hold a major share in the forecast period due to requirement of efficient and reliable medical devices or equipment capable of withstanding electromagnetic emissions. Medical equipment plays a vital role while conducting diagnosis, treatment or surgery operations, thus need for electromagnetic interference shielding becomes highly essential across medical imaging and diagnostic equipment including MRI, X-ray, CT Scanner as well as medical aid devices, pacemakers and many others. Rising rate of investments towards constructing new testing laboratories for conducting electromagnetic interference testing facilities have been eventually helping in driving the growth of electromagnetic compatibility shielding market. In October 2020, TUV Rheinland had announced the inauguration of its Biomaterial and EMC Testing Laboratories located at Andhra Pradesh, India. This infrastructural development was meant to ensure safe and effective testing services including radiated emissions, radiated & conducted susceptibility, electrostatic discharge and others for various medical devices like ventilators, X-ray systems, health monitoring devices, medical implants and many more, thus anticipated to further boost the EMC shielding market.

Electromagnetic Compatibility (EMC) Shielding market in North America region held significant market share of 33% in 2020. Increasing compliance for electric vehicles and growing demand of EMC technology in Telecommunication sector for 5G deployment are the key factors driving market growth. Telecommunication is one of the major end user which is attributing the growth of EMC shielding in the forecast period. In the telecom & IT industry, servers, base transceiver stations (BTS), routers, Ethernet switches, fax machines, photocopiers, blade servers, and other information technology equipment (ITE) are prone to electromagnetic emissions. For instance, in 2020, Ericsson has committed to increase US investments to support accelerated 5G deployments. 

Telecommunication is one of the major end users which is attributing the growth of EMC shielding in the forecast period. There has been a wide range of applications of EMC Shielding in Telecommunication industry which has brought a notable growth in the forecast period. In the Telecom & IT industry, servers, base transceiver stations (BTS), routers, Ethernet switches, fax machines, photocopiers, blade servers, and other information technology equipment (ITE) are prone to electromagnetic emissions. Therefore, these equipment are required to be shielded to prevent from electromagnetic radiations and to improve signal quality. Moreover, due to rapid advances in wireless technology and the ongoing miniaturization of electronic devices, the EMC shielding market for the telecommunications industry continues to grow at a high rate. The rapid rise in the demand for high data transfer rate, high reliability and low latency, the base stations are witnessing strong over the forecast period. As EMC shielding is used to prevent or reduce radiofrequency (RF), electromagnetic fields (EMF) in base stations. Hence, these applications tend to drive the market growth of EMC shielding in the forecast period. Moreover, with the development of 5G technology in Telecommunication sector, the demand of EMC shielding technology has shown a significant growth. In 2019, Laird launched CoolZorb 5G, a hybrid absorber/thermal management material that is majorly used for EMI mitigation at high frequencies. This component is used as thermal interface between ICs and heat sinks or other components. This is majorly aimed at the devices used for 5G deployment. Therefore, the launch of the new products to support the 5G rollout alongside the booming developments in the infrastructure developments is further elevating the market growth rate. Hence, these factors are analyzed to drive the market growth in the forecast period 2021-2026.

Major players in Electromagnetic Compatibility (EMC) Shielding include Parker-Hannifin, PPG Industries, 3M Company, Henkel, Laird Technologies, Inc., Kemtron Ltd., Keysight Technologies, RTP Corporation and Tech-Etch, Inc., among others. In June 2019, PPG Industries introduced Teslin EMI/RF shielding material. These materials have unique shape and have high conductivity. These materials provide durable grounding path.