Overview of the global noise suppression components market
Market research analysts at Technavio predict that the global noise suppression components market will grow steadily during the next four years and post a CAGR of almost 9% by 2021. This market research analysis identifies the increased adoption of plastic housings for electronic equipment as one of the primary growth factors for thenoise reduction componentsmarket. Since plastic is inexpensive, does not conduct electricity, and light, they are more preferred for housing electronics than metal housing. Since plastic electronic enclosures do not allow electricity to pass through, they are more suitable for installing electronic devices near water. However, being insulators they also allow electromagnetic waves to pass through them easily and have to be coated with conductive layers, which will augment the market’s growth prospects in the coming years.
This market research and analysis estimates that in terms of geographical regions, APAC will be the major revenue contributor to the market throughout the predicted period. The presence of major electronic manufacturing industries in countries such as China, South Korea, and Japan and initiatives from the governments of countries like China, Singapore, Taiwan, and Malaysia that focus on facilitating public-private partnerships to facilitate electromagnetic compatibility (EMC) testing facilities, will be major factors fueling market growth in this region.
Competitive landscape and key vendors
The market is characterized by the presence of a considerable number of vendors and is dominated by the major market players such as Parker Chomerics, Comtest Engineering, Laird, Tech-Etch, and Murata manufacturing. With all vendors competing to gain significant revenue shares, the noise canceling device market is competitive. The increasing demand for noise suppression components will intensify the level of competition in the market. To sustain the competition and improve their market positions, vendors have the need to provide innovative products with a clear and unique value proposition.
The leading vendors in the market are -
The other prominent vendors in the market are AK Stamping, Alco Technologies, Compac Development, Greene Rubber, Kitagawa Industries America, Leader Tech, Spira Manufacturing, and UVOX.
Segmentation by application and analysis of the noise suppression components market
During 2016, the consumer electronics segment accounted for the major revenue shares and dominated this noise canceling device market. Electromagnetic interference (EMI) shielding plays a significant role in optimizing the performance of consumer electronics. With the rising popularity of the Internet of Things (IoT), the coming years will witness an increased adoption of smartphones, tablets, smart wearables, and smart home appliances, which will increase the demand for noise suppression components in this market segment.
Segmentation by product and analysis of the noise suppression components market
PCB level shieldings
This market study estimates that the conductive coatings segment accounted for the major shares and dominated the noise canceling device market during 2016. The coming years will witness an increased preference for conductive coatings over other EMC shielding products since they are not restricted to any particular size or shape and are cost efficient. As a result, this segment will continue to dominate the market during the next four years as well.
Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global noise suppression components market?
What are the key market trends impacting the growth of the global noise suppression components market?
What are the challenges to market growth?
Who are the key vendors in the global noise suppression components market?
What are the market opportunities and threats faced by the vendors in the global noise suppression components market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global noise suppression components market?
Technavio also offers customization on reports based on specific client requirement.