- The key vendors in the global EMC shielding market are Chomerics Parker, Comtest Engineering, Laird, and Tech-Etch.
London, 19 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global EMC shielding market 2015-2019. Rise in demand for EMC shielding is major factor propelling this market’s growth. EMC shields are used to prevent the malfunctioning of devices due to EMI. EMI can lead to loss of data or damage in devices. The global EMC shielding market is expected to grow at a CAGR of 5.58% during the forecast period of 2014-2019.
Consumer electronics like smartphones, laptops, TVs, and washing machines are always in demand, and are becoming thinner, lighter, and more reliable. It is the largest contributors to the revenue of the global EMC shielding market, and will remain so throughout the forecast period. The growing demand for consumer electronics is directly proportional to the increase in adoption of EMC shielding.
The APAC is the dominating region in this market, accounting for around 42% of the total market share. Many electronics manufacturing companies like Samsung, Sony, Canon, Nikon, and Toshiba are based in countries such as China, South Korea, and Japan.
“The market is witnessing increased adoption of wireless computing devices such as smartphones, laptops, and tablets. These devices emit electromagnetic radiation, which interferes with the functioning. In order to avoid interference from either the device generating EMI or the device picking up EMI, EMC shields are used,” says Faisal Ghaus, Vice President of Technavio Research.
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global EMC Shielding Market 2015-2019, please send an e-mail to media@TechNavio.com
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