The Latin America, Middle East and Africa EMI Shielding Market would witness market growth of 8.7% CAGR during the forecast period (2022-2028).
EMI shielding is gaining popularity in the electronics sector due to the rising use of electronics in a variety of industries, including automotive, healthcare, defense & aerospace, telecom & IT, and consumer electronics, among others. By filtering incoming and outgoing interferences, EMI shielding materials like conductive coatings, metals, and laminates are employed to prevent the malfunctioning of electronic devices.
Compliance with EMI laws and the high demand for EMI shielding materials by 4G/LTE cellular infrastructure all over the world are important factors driving the market's expansion. The market for EMI shielding materials is expanding due to the rapid development in electromagnetic field-generating sources and the dependability of these materials to shield electronic equipment from electromagnetic radiation.
Rapid industrialization is one of the primary elements influencing the expansion of the industry. In addition, the widespread use of EMI shielding in consumer electronics contributes to the expansion of the industry. Moreover, product manufacturers are employing conductive coatings and paints that provide EMI shielding for non-metallic substrates and plastics within smartphones and telecommunication, medical, and military devices.
The South African IT industry is expanding due to the increasing efforts of the government to expand its economy. South Africa encompasses one of Africa's biggest markets for information and communications technology. It demonstrates technological dominance in mobile applications, security software, and electronic banking services. As an increasingly significant contribution to South Africa's gross domestic product, the country's ICT and electronics business is both advanced and developing. Multiple multinational corporations have subsidiaries in South Africa. It is regarded as a regional hub and supply center for surrounding nations.
The Brazil market dominated the LAMEA EMI Shielding Market by Country in 2021; thereby, achieving a market value of $158.8 million by 2028. The Argentina market is showcasing a CAGR of 9.3% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 8.4% during (2022 - 2028).
Based on Material, the market is segmented into Conductive Coatings & Paints, Conductive Polymers, Metal Shielding, EMI/EMC Filters and EMI Shielding Tapes & Laminates. Based on Methods, the market is segmented into Radiation and Conduction. Based on Industry, the market is segmented into Consumer Electronics, Automotive, Telecom & IT, Healthcare, Aerospace and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global EMI Shielding Market is Predict to reach $9.2 Billion by 2028, at a CAGR of 5.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3M Company, PPG Industries, Inc., Parker Hannifin Corporation, Laird Technologies, Inc. (Dupont De Nemours, Inc.), Henkel AG & Company, KGaA, Schaffner Holding AG, Leader Tech, Inc. (HEICO Corporation), Nolato AB, RTP Company, Inc. and MG Chemicals .
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