SILICONE ELECTROMAGNETIC SHIELDING MATERIALS MARKET ANALYSIS

Silicone Electromagnetic Shielding Materials Market, by Product Type (Tapes & Laminates, Metal Shielding, Conductive Coatings & Paints, EMI/EMC Filters and Conductive Polymers), by Method (Radiation and Conduction), by End-use Industry, (Healthcare, Telecom & IT, Automotive, Defense & Aerospace and Other Consumer Electronics), and by Region (North America, South America, Europe, Asia Pacific, and Middle East & Africa) – Size, Share, Outlook, and Opportunity Analysis, 2022-2028

To Be Published : Dec 2024
Code : CMI2314
Formats :
Excel and PDF
Industry : Semiconductors

Market Challenges And Opportunities

Market Dynamics:-

Major drivers to silicone electromagnetic shielding market is acceleration in the deployment of 4G/LTE infrastructure and growth in the sale of consumer electronics like mobile, tablets etc. As per India Brand Equity Foundation report 2018, current India’s mobile subscriber stand at 560 million in 2018 and expected to reach 1.42 billion by 2024 in which 1 billion would be smartphone users and about 80% among them is expected to use 4G/LTE network.

Growing applications of electronics component in automobile is also the major growth factor of the silicone electromagnetic shielding material market. Electric Vehicles are also gaining major traction over petrol & diesel operated due to raising concern for global warming and climate change. Silicone electromagnetic shielding of electronic components of vehicle become necessary to prevent them from damage and malfunctioning due to external radiation interference. As per International Energy Agency 2018 report, the global electric vehicle sale stood at 1.1 million in 2017 and expected to reach 220 million by 2030.

Major restraint to silicone electromagnetic shielding material market is the high cost associated with it.