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EMI/RFI Filtering Market ($ 1.8 Bn by 2030) Growth Forecast at 4% CAGR During 2020 to 2030

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EMI/RFI Filtering Market ($ 1.8 Bn by 2030) Growth Forecast at 4% CAGR During 2020 to 2030

November 17
13:04 2021
EMI/RFI Filtering Market ($ 1.8 Bn by 2030) Growth Forecast at 4% CAGR During 2020 to 2030
EMI/RFI Filtering Market
EMI/RFI Filtering Market to Surpass Valuation of US$ 1.8 Bn by 2030, expanding at a CAGR of ~4% during the forecast period, Increasing demand for technological advanced consumer electronic devices such as LCDs and LED displays are fuelling the growth of EMI and RFI filtering market

EMI/RFI Filtering Market: Introduction

Transparency Market Research delivers key insights on the global EMI/RFI filtering market. In terms of revenue, the global EMI/RFI filtering market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global EMI/RFI filtering market.

The global EMI/RFI filtering market is broadly affected by several factors, including usage of EMI/RFI filtering in automotive battery chargers and increasing applications in the telecom infrastructure sector. Thus, expanding applications of EMI/RFI filtering in different sectors is propelling the global market for EMI/RFI filters

EMI/RFI Filtering Market: Dynamics

EMI/RFI filters are also known as EMI suppression filters, which offer protection from the harmful impact of electromagnetic interference. EMI/RFI filtering is used in automotive, telecommunication, consumer electronics, industrial, computers, and other applications. In the automotive field, EMI/RFI filtering is used in automotive battery chargers, infotainment, and other applications. These EMI/RFI filters extract unwanted current conducted through wiring or cables, while allowing required currents to flow freely. Thus, the demand for EMI/RFI filtering is projected to rise in various applications across the Asia Pacific region in the near future. The adoption of technologically advanced, accurate EMI/RFI filtering has increased in the communication field with the introduction of new technologies and innovations, thereby creating lucrative opportunities for the Asia Pacific EMI/RFI filtering market.

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Electronic devices play a vital role in the automotive industry. In automotive vehicles, the typical current span reaches from tens to hundreds of Ampere, while limited volume available in a vehicle and cost pressure poses a severe challenge to potential design solutions. EMI/RFI filtering is largely used in the automobile sector in electric vehicles to filter the high frequency (HF) noise produced by traditional passive components. Moreover, EMI/RFI filtering is highly efficient in automotive battery chargers to avoid noise generated from a rapid charger that radiates into the air from patterns and cables on the substrate. The growing adoption of electric vehicles in Asia Pacific effectively drives the demand for automotive battery chargers in the region, which is expected to boost the demand for EMI/RFI filters in the region during the forecast period.

EMI/RFI Filtering Market: Prominent Regions

The EMI/RFI filtering market in Asia Pacific is expected to expand at a prominent growth rate during the forecast period, owing to the presence of key market players, technological advancements, and growth of automotive battery chargers and telecom infrastructure applications in the region. The EMI/RFI filtering market in Asia Pacific is projected to witness favorable growth during the forecast period, due to significant rise in automotive battery charger applications for high speed charging of electrical vehicles in the region, and the market is projected to reach US$ 907.83 Mn by 2030. Moreover, the North America EMI/RFI filtering market is likely to expand at a significant CAGR of 4.19% during the forecast period, owing to the presence of a large number of players manufacturing EMI/RFI filtering in the region.

EMI/RFI Filtering Market: Key Players

Key players operating in the global EMI/RFI filtering market are Astrodyne TDI Corporation, AVX Corporation, API Tech, Coilcraft Inc., Murata Manufacturing Co., Ltd., NXP Semiconductors, ON Semiconductors, Schaffner, TDK Corporation, TE Connectivity, TOKIN Corporation, and Vishay Intertechnology, Inc.

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Increase in Adoption of EMI/RFI Filtering in Industrial Sectors: Key Driver of EMI/RFI Filtering Market

In the industrial sector, EMI affects devices across industries and leads to downtime, data loss, or permanent damage to equipment. In military and medical fields, the impact of EMI on mission-critical functions can be even more severe. These are a few of the major issues EMI can cause in the industrial sector.

EMI filters are increasingly used to resolve all these issues, as it blocks different frequencies of noise and meets varying regulations in diverse industrial applications such as appliances and washing machines, single-phase motor control, single-phase machinery control, military, and medical equipment

Brush DC motors are used in multiple industries such as automotive, aerospace, medical, appliances, and manufacturing. Advanced EMI filters are used on brush DC motors to cut the noise and maintenance cost of brush DC motors.

Adoption of EMI/RFI filtering in the industrial sector is significantly high as a result of these factors, which is expected to fuel the growth rate of the global EMI/RFI filtering market during the forecast period

However, EMI/RFI filtering devices that consist of various passive components such as registers, capacitors, inductors, electrometric coils, and other electronic components increases its cost. High cost associated with the EMI/RFI filter is negatively affecting sales of EMI/RFI filtering across the globe.

Nevertheless, key manufacturers are extensively investing in technological developments to reduce the cost of the EMI/RFI filters. Thus, the high cost of EMI/RFI filters is expected to restrain the growth of the market during the forecast period.

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About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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