EMI Shielding Market Regional Analysis:
Asia Pacific Market Insights
Asia Pacific region is set to dominate around 49.5% market share by 2035. The growth of the market can be attributed majorly to the huge proportion of facilities that are producing automobiles in the region. Furthermore, the increased demand and production of automobiles in the region are also expected to generate large revenue for the market in the region. As per the International Organization of Motor Vehicles, the total production of vehicles in the APAC region was 46,732,785 units in 2021, a rise from 44,276,549 units in 2020. Similarly, the total sales in the region were 42,663,736 units in 2021, a rise from 40,322,544 in 2020. In addition to this, the high consumption of chemicals is another significant growth driver of the EMI shielding market size in the region throughout the projected time frame. For instance, as of 2020, the chemical industry of the Asia Pacific region contributed to around 60% of the revenues generated by the global chemical industry.
North America Market Insights
Furthermore, the North American EMI shielding market is also estimated to display notable market growth by the end of 2035. The growth of the market can be attributed to the presence of well-established semiconductor and electronics industries, along with the substantial investment in research and development activities in the region. For instance, Semiconductor manufacturing organizations in the United States invested around one-fifth of yearly revenue in R&D activities, totaling a record around USD 51 billion in 2021. Moreover, dynamically rising demand for consumer electronics products, as well as increasing penetration of 5G technology is also anticipated to contribute to the market growth in the region over the projected time frame.
