Magnetic Shielding Sheets Market: Introduction
Magnetic Shielding is generally referred as a procedure to shield and avoid unwanted interference for a product from nearby electronic gadgets. Magnetic shielding is completely different from radiofrequency shielding, which is an attempt to avoid interpretation of noise and radio frequencies in the desired cases.
Magnetic shielding materials are used in various applications where magnetic field generated by nearby devices is suspected to distort work produced by gadgets like cardiac pacemakers, and many other consumer electronic gadgets which are sensitive to magnetic flux.
Usually, magnetic shielding is inclusion of copper or steel placed inside the walls or covering of item to be protected. These copper and steel sheets capture the magnetic flux and result in protecting the item from magnetic field by cancelling or blocking them.
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The cancellation of magnetic flux is done by redirecting them to pass over the item being shielded without interpreting its work status. The property which defines the effectiveness of magnetic shielding sheets is its ability to absorb magnetic field. The more the shielding material, the more magnetic field it absorbs and redirects.
Magnetic Shielding Sheets Market: Overview
The magnetic shielding sheets market has projected huge growth over the past few decades owing to the growing advancements in electronic field. Increasing innovations of new electronic devices for various end-use applications like medical, telecommunication, aerospace, CNC machines, sensitive transducers and others contribute immense propelling force for prolonging run of market. Considering all the influencing factors persisting in the magnetic shielding sheets market supply value chain, it is expected that the market is set to grow with a higher single-digit CAGR in the next decade. The market is also dependent on various other factors which may significantly thwart or pull the growth of magnetic shielding sheets market over the same period.
Magnetic Shielding Sheets Market: Dynamics
The magnetic shielding sheets market is majorly driven by increasing demand from various end-use applications. Moreover, growth in medical equipment market has lifted the market heavily and will eventually contribute to the boosting effect for the demand of magnetic shielding sheets market. The widening use of magnetic shielding sheets along with technological advancements in sensitive transducers like fibre-optic gyroscopes, Hall Effect devices, accelerometers and other rotational and linear transducers makes the sky clear for the market to witness huge demand and boosts the product sales.
New entrants in the market are focusing on developing eco-friendly manufacturing techniques to produce magnetic shielding sheets to have better consumer engagement, whereas the existing players are engaging their R&D resources in developing cost-effective techniques for production of magnetic shielding sheets.
Moreover, the magnetic shielding market growth may be restrained due to ineffective absorption loss of magnetic fields. Absorption loss is the ability by which the magnetic shielding sheets absorb, redirect and protect the space where the item to shielded is placed. The permeability of magnetic shielding sheets acts as the crucial factor which decides its success in allowing the magnetic flux to pass through them rather than entering them into protected space.
Besides, magnetic shielding materials can only redirect the magnetic flux but cannot block them. As even blocking 100% of the magnetic field is impossible, there are many possibilities for magnetic shielding sheets to face competition if an alternative is developed which serves the purpose of magnetic shielding sheets with enhanced properties.
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COVID-19 Impact Insights
The market of magnetic shielding sheets also witnessed a dip due to lockdown being imposed in countries all around the globe. As production of various consumer electronics and other commercial electronic equipment was put on hold owing to the regulations and guidelines set by governments across various countries that held back the market growth. The magnetic shielding sheets market being highly dependent on other end-use industries also recorded vigorous fluctuations in the demand for magnetic shielding sheets due to COVID-19 impact. But demand for magnetic shielding sheets from medical applications maintained a constant demand and even witnessed an upsurge in demand from regions where production of medical equipment increased. However, the lifting of lockdown restrictions by many countries and allowing people to get back to work made it easy for magnetic shielding sheets market to get back on track. China being the pioneer in lifting the lockdown and also being one of the top countries accounting for the consumption of magnetic shielding sheets for production of gadgets bolstered the magnetic shielding sheets market.
Segmentation Analysis of Magnetic Shielding Sheets Market
The global Magnetic Shielding Sheets Market is bifurcated into four major segments: material type, form, permeability, end-use and region.
On the basis of Material Type, Magnetic Shielding Sheets Market has been segmented as follows:
- Mu-Metal
- Graphene
- Carbon Nanotubes
- Others
On the basis of Form, Magnetic Shielding Sheets Market has been segmented as follows:
- Plates
- Folded Plates
- Others
On the basis of Permeability, Magnetic Shielding Sheets Market has been segmented as follows:
- High Permeability
- Medium Permeability
- High Saturation
On the basis of End-Use, the Magnetic Shielding Sheets Market has been segmented as follows:
- Telecom & IT
- Automotive
- Consumer Electronics
- Healthcare
- Defense
- Aerospace
- Others
On the basis of geographic regions, Magnetic Shielding Sheets Market is segmented as
- North America
- Latin America
- Europe
- East Asia
- South Asia and Oceania
- Middle East & Africa
Magnetic Shielding Sheets Market: Regional Outlook
Majority of the market pie is captured by the countries present in the East Asia, South Asia & Oceania and North America. Surge in demand from the Asia Pacific is observed due to the immense presence of consumer electronics manufacturing plants in developing nations present in the region. The demand for magnetic shielding sheets is also projected to grow owing to the increased spending on defense by the countries present in this region. Significant demand is observed from the Middle East and Africa region owing to the similar factor of increased spending by developing countries on aerospace and various defense projects. Also, the companies present in the APAC bag a huge share in contributing to the production of magnetic shielding sheets foreseeing the exclusive and advanced technology present in the region.
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Magnetic Shielding Sheets Market: Key Players
Being a slightly fragmented market, there exist significantly more players in the magnetic shielding sheets market, especially in North America and the Asia Pacific. The increased cost of raw material to make magnetic shielding sheets has impacted all the players in this market. Some of the key players in the Magnetic Shielding Sheets Market are
- Hitachi Metals Ltd.
- Magnetic Shield Corp.
- Holland shielding Systems BV
- Soliani EMC s.r.l
- Mu Shield
- European EMC Products Ltd.
- RTP Company
- Leader Tech Inc.
- ARTEMIS SHIELDINGS
- MECA MAGNETIC
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