Aircraft EMI Shielding Market Size, Share and COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032
Published on: 2024-07-07 | No of Pages : 240 | Industry : Aerospace
Publisher : MRA | Format : PDF&Excel
Aircraft EMI Shielding Market Size, Share and COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032
Aircraft EMI Shielding Market Size, Share and COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032
Aircraft EMI Shielding Market Size
Aircraft EMI Shielding Market is anticipated to record substantial growth from 2024 to 2032 owing to the rising use of advanced electronics equipment in aircraft. Aircraft EMI shielding prevents random signals as well as waves from frying sensitive electronics. It is considered essential for all types of aircraft to assist in the proper functioning of electronic systems without causing any disturbance. New developments in EMI shielding technologies will influence the global aircraft fleet. The growing rate of manufacturing activities by key aircraft players is also among the prominent factors impacting the aircraft EMI shielding industry growth.
The transition towards sustainable solutions in the aviation industry is boosting the demand for electric and hybrid-electric aircraft, presenting new challenges in electromagnetic interference management. These innovative aircraft rely heavily on advanced electronic systems as they require robust EMI shielding to ensure safe and reliable operation. To that end, the surging focus of manufacturers on investing in specialized shielding materials and technologies tailored to the unique needs of electric aircraft will drive the industry expansion.
Aircraft EMI Shielding Market Trends
The ongoing expansion of military aircraft fleets worldwide is fueling the market growth. With increasing defense budgets and rising geopolitical tensions, several nations are investing in modernizing their air forces, leading to the surge in the procurement of new military aircraft. For instance, in November 2023, Boeing, a prominent U.S. aircraft company, announced plans to boost its investments in India's commercial and defense sectors as the government in New Delhi implements economic reforms to attract international investors and improve its industrial sector. Such advanced aircraft rely on sophisticated electronic systems for communication, navigation, and mission-critical functions, further necessitating robust EMI shielding solutions.
Aircraft EMI Shielding Market Analysis
In terms of aircraft type, the aircraft EMI shielding industry from the commercial aircraft segment is slated to depict lucrative growth through 2032 owing to the escalating demand for air travel worldwide. With the rising number of passengers and flights, airlines are continuously upgrading their fleets with modern aircraft featuring advanced electronic systems. These systems require reliable EMI shielding to ensure uninterrupted communication, navigation, and entertainment onboard. To that end, manufacturers are coming up with lightweight and effective EMI shielding materials to meet the stringent safety and performance requirements of commercial airliners, propelling the segment growth.
Based on application type, the aircraft EMI shielding market share from the equipment shielding segment is projected to grow at a notable CAGR from 2024-2032 owing to the surging use of digital systems in aircraft systems. EMI shielding in electronic devices revolves around the usage of production techniques and materials for protecting signals from disturbances by external signals. It also avoids the interference of generated signals from the components nearby. The increasing complexity and integration of electronic systems in modern aircraft is further fueling the demand for advanced shielding solutions.
Given the regional landscape, the Asia Pacific aircraft EMI shielding market is expected to showcase notable growth between 2024 and 2032 due to the rapid production of indigenous commercial aircraft. The growing defense budget across the region has accelerated the procurement of military aircraft. For instance, the Indian government allocated a defense budget of USD 76.88 billion during the fiscal year 2022 -2023. The expanding aircraft fleet for supporting the growing passenger traffic and the surging number of aircraft programs will propel the regional market growth.
Aircraft EMI Shielding Market Share
Technological advancements, investments, and new product launches along with strategic growth initiatives like partnerships, acquisitions, and mergers are actively adopted by leading aircraft EMI shielding industry players. To illustrate, PPG Industries has been providing innovative solutions to protect aircraft electronics from electromagnetic interference for ensuring safety and reliability in aviation operations.
Some of the global aircraft EMI shielding firms include -
- PPG Industries
- The 3M company
- Parker Hannifin
- W.L Gore & Associates
- Laird PLC
Aircraft EMI Shielding Industry News
- In June 2023, Dow Inc. and FIRST (For Inspiration and Recognition of Science and Technology) collaborated to expand their robotic competition program.
What Information does this report contain?
Historical data coverage 2018 to 2023; Growth Projections 2024 to 2032.
Expert analysis industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts major segments covering applications, top products and geographies.
Competitive landscape reporting market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.