Expansion and Challenges Attributed to Shifting Demands for Electronic Products
WELLESLEY, Mass., Aug. 15, 2018 (GLOBE NEWSWIRE) — Due to the proliferation of portable electronic devices, the impact of Bluetooth and absorptive EMI, and the increased interest in products that minimize electromagnetic interferences, the global market for shielding technologies is facing an expansion that is met with several difficulties, according to a new report from BCC Research.
In 2017, the global market for shielding technologies was worth $6.6 billion. However, BCC Research estimates that it will be valued at $9.3 billion by 2023, indicating a compound annual growth rate (CAGR) of 5.7%, according to EMI/RFI: Materials and Technologies.
Shielding closely follows the demand for electronic devices and components. It is also a valuable resource to assist manufacturers in complying with ever-changing safety and performance regulations and standards.
Research Highlights
- Major companies that are influencing the shielding technologies market include Coilcraft, Cybershield, ETS-Lindgren, Ferronics, Laird Technologies, Macdermid Enthone, MAJR Products, MuShield, Panashield, Parker Chomerics, Schlegel Electronic Materials, Shieldex Trading and Tech-Etch.
- The top difficulties that are facing the shielding technologies market include higher frequencies driven by increasing chip speeds, growing cost and environmental pressures, and the decreasing size of many electronic products.
- Miscellaneous products account for the largest CAGR (6.6%) and monetary value ($3.3 billion by 2023) of all the market segments.
“This report identifies the nature of the EMI/RFI problem, noting the ways that the redesigning of shielding and electronics can overcome these problems,” said report author, Andrew McWilliams. “Technologies and materials specific to EMI/RFI shielding are also identified and analyzed for their impact on plastics and other materials within a context of trends in components and devices used in the electronics medical, automotive and consumer products industries.”
About BCC Research
BCC Research is a publisher of market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering major industrial and technology sectors, including emerging markets. For more information about BCC Research, please visit bccresearch.com. Follow BCC Research on Twitter at @BCCResearch.
CONTACT: Editors/reporters requesting analyst interviews should contact Eric Surber at [email protected].