EMI and RFI Shielding Materials and Technologies Market to Reach $8.1 Billion by 2030
Reportlinker announced the release of the report "Global EMI and RFI Shielding Materials and Technologies Industry". The world economy is at a critical turning point as a number of interconnected problems and crises develop concurrently. The issue on the inflation front is not yet gone due to the uncertainty about how Russia's conflict on Ukraine will play out this year and the war's role in causing global instability.
In the changed post COVID-19 business landscape, the global market for EMI and RFI Shielding Materials and Technologies estimated at US$6 Billion in the year 2022, is projected to reach a revised size of US$8.1 Billion by 2030, growing at aCAGR of 3.9% over the period 2022-2030. Radiation, one of the segments analyzed in the report, is projected to record a 4.1% CAGR and reach US$5.3 Billion by the end of the analysis period. Taking into account the ongoing post-pandemic recovery, growth in the Conduction segment is readjusted to a revised 3.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 6.5% CAGR
The EMI and RFI Shielding Materials and Technologies market in the U.S. is estimated at US$1.6 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2030 trailing a CAGR of 6.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 3.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.
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