Aircraft EMI Shielding Market Size is anticipated to grow notably between 2022 and 2028 owing to the rising utility of advanced electronics equipment. The booming size of the global aircraft fleet has resulted in higher enhancements in EMI shielding technologies. The growing rate of manufacturing of key aircraft programs is amongst the prominent factors likely to impact the market growth.
Aircraft EMI shielding is witnessing higher popularity as it prevents random signals as well as waves from frying those sensitive electronics. It can be touted as an essential requirement for all types of aircraft to assist in the proper functioning of the electronic systems without any disturbance.
Based on aircraft, the demand for EMI shielding in commercial aircraft will expand with the influx of next-generation fuel-efficient aircraft. The expanding passenger and freight traffic have triggered the rise in the number of commercial aircraft deliveries. The ever-increasing adoption of portable electronic and wireless devices is likely to cause levels of EMI within the aircraft equipment, that act as transmitters and that could be detected by radio receiver antennas.
They are also believed to cause disruptions in aircraft navigation and communication systems. The booming commercial aircraft fleet size and the higher incursion of advanced composites in aero-structures will favor the market progression.
With regards to location type, the aircraft EMI shielding market share from the electronics bay segment is slated to exponentially rise through 2028. This can be attributed to the surging usage of gaskets. The rising availability of electronics and equipment that operate at various wavelengths and temperatures will act as a significant contributor to the overall industry growth.
On the basis of application type, the equipment shielding segment will rise with the surging adoption of digital systems in avionic systems. EMI shielding in electronic devices and equipment mainly revolves around the usage of manufacturing techniques as well as materials for protecting signals from disruptions by external electromagnetic signals. It also prevents the generated signals from interfering with the surrounding components. The escalating need for shielding in aircraft wiring will additionally support the market development.
The Asia Pacific aircraft EMI shielding market is expected to gain traction through 2028 due to the rapid emergence of indigenous commercial and regional aircraft in the region. The growing defense budget has made way for the higher procurement of military aircraft. For instance, the Indian government, in the current financial year 2021-22, allocated a budget of Rs 4,78,196 crore for defense expenditure. The expanding fleet of aircraft fleet for supporting the growing passenger traffic, and the surging number of aircraft programs are other factors driving the regional expansion.
Major participants in the aircraft EMI shielding market include PPG Industries, The 3M company, W.L Gore & Associates, Parker Hannifin, and Laird PLC.
Strategic growth initiatives, such as acquisitions, partnerships, and mergers, along with technological advancements, investments, and new product launches are actively adopted by these companies for achieving competitive benefits and increasing their global presence.
For instance, in November 2020, PPG Industries disclosed new customization options for PPG TESLIN®, it's electromagnetic interference/radio frequency (EMI/RF) shielding material to offer improved RF-shielding performance for e-passports and other electronic security documents.
The global economy bore the brunt of the COVID-19 pandemic as it laid disruptions on the operational activities of most businesses worldwide. The industry also faced the heat of the crisis due to the dramatic drop in the need for passenger air transport on account of the imposition of the containment measures. However, with the aircraft industry now picking up significant pace, the demand for EMI shielding is set to grow in the coming years.