Rising Demand for Smart Devices to Drive the EMI Wave Shielding Materials Market

Introduction

The rising growth of the electronics industry is expected to trigger the demand for EMI wave shielding materials. As electronic technologies continue to evolve, it has led to the emergence of wireless electronics products. In the last few years, there has been a surge in demand for electronic gadgets as it acts as a medium of convenience and novelty for consumers worldwide.

Some of the latest innovations in the sector include smartwatches, wireless headphones, portable gadgets, and drones, among others. Consumers are attracted to sleeker, smaller, and advanced electronic products. The demand for effective EMI wave shielding materials is anticipated to grow owing to the rising demand for speed and convenience.

As per the World Bank statistics, the global consumer expenditure reached USD 62.6 trillion in 2018, from USD 59.3 trillion. Increasing consumption expenditure is considered a significant factor in escalating the demand for electronic devices. The burgeoning electronics industry is bolstering the market growth. Moreover, the adoption of drones as delivering equipment by e-commerce players is further increasing production capacities. Key players such as Amazon are transforming the delivery methods by using advanced drones and curated aircraft.

Increasing online shopping is boosting the e-commerce industry, further propelling the demand for technologically advanced products. Higher consumption of wireless electronic gadgets needs EMI shielding for the smooth functioning of the system. This presents ample business opportunities for EMI shielding material providers to participate in the manufacturing process of the electronics. The trend of partnerships and joint ventures with electronic manufacturers for undisrupted supply of raw materials is a key factor for the market growth.

Competitive Players

1. 3M Company
2. Parker Chomerics
3. ETS-Lindgren
4. Henkel AG & Co. KGaA
5. Kitagawa Industries Co., Ltd.
6. Laird Plc.
7. Leader Tech Inc.
8. PPG Industries, Inc.
9. RTP Company
10. Schaffner Holding AG
11. Tech-Etch Inc

Recent Developments

April 2023: NanoEMI announced that they are working on the development, production, validation, and deployment of pure, high-quality graphene flakes. The company joined the Graphene Flagship as an Associated Member in 2022 and is now focusing on composites that can mitigate the problem of electromagnetic interference (EMI). NanoEMI has demonstrated the effectiveness of its composites in blocking electromagnetic radiation, with up to 70 dB per 1 mm of sample thickness. This makes their technology a formidable competitor to traditional metal-based solutions currently dominating the market.

August 2022: Panasonic Industry Co., Ltd. announced a joint research project on ultra-light EMC shielding material technology with the Japan Aerospace Exploration Agency (JAXA) and the National Research and Development Agency, which led to research that was conducted to reduce the weight of satellites used for space exploration through wireless in-flight communication and power supply, which conventionally account for a significant percentage of their mass. To achieve this objective, advanced electromagnetic shielding technology is required to ensure electromagnetic compatibility (EMC). It reflects that this collaboration will initiate new technologies in the EMI wave shielding materials market.

Segmentation

1. By Type
   1. Conductive Polymers
   2. Conductive Coatings and Paints
   3. Metal Shielding Products
   4. EMI/EMC Filters
2. By End-User
   1. Telecommunication
   2. Consumer Electronics
   3. Automotive
   4. Medical
   5. Aerospace and Defense
3. By Method
   1. Radiation 
   2. Conduction