The United States Government is one of the largest procurer and user of electronic products and systems. On the military side, the Department of Defense (DOD) has recognized the importance of EMI shielding and issued many specifications and standards regarding the same. On the household and civilian side, under authority of the Communications Act of 1934’s amendment of 1982, the Federal Communications Commission (FCC) has been charged with regulation of the import, export, manufacturing, sales, shipment as well as use of electronic devices and products which may either emit to cause interference to radio reception or be affected by the electromagnetic environment so that their designed performances are degraded. After conducting many hearings to receive comments from the industry and general public, the FCC frequently issues rules and regulations to enforce EMC.
The article cited AMA's "Global EMI Shielding Market Study" explored CAGR of 7.0%. According to the report, Growing Need to Comply with Stringent EMC Regulations
is one of the primary growth factors for the market. Introduction to 5G in Developed Countries and 4G in Developing Countries
is also expected to contribute significantly to the EMI Shielding market. Overall, applications of EMI Shielding, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Industry, such as Consumer Electronics, is boosting the EMI Shielding market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Method, such as Radiation, is boosting the EMI Shielding market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Component, such as EMI Shielding Tapes & Laminates, is boosting the EMI Shielding market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global EMI Shielding market identified that the demand is rising in many different parts of the world as "Prevailing Instances of Electronic Radiations from Electronic Components
". Furthermore, some recent industry insights like "In June 2023, KEMET Corporation announced the expansion of its EMI/RFI filter capacitor product line with the introduction of the KEMET EMI/RFI Filter Capacitor, X7R Dielectric." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global EMI Shielding market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the EMI Shielding market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall EMI Shielding market size is calculated using market estimation process, the EMI Shielding market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global EMI Shielding market size has been validated using both top-down and bottom-up approaches.