Electromagnetic And Radio Frequency Interference Coating For Electric Vehicles Market Size, Share & Trends Analysis Report By Method, By Material, By Vehicle, By Region, And Segment Forecasts, 2021 To 2028

The global electromagnetic and radio frequency interference coating for electric vehicles market growth is attributable to the accelerating production of Electric Vehicles (EVs) worldwide. The rising concerns pertaining to harmful emissions from internal combustion vehicles have compelled various economies worldwide to adopt and boost EV production.

Electronic devices and technologies such as Bluetooth, Wi-Fi, and IOT rely on radio frequencies that can interfere with each other and cause unwanted electromagnetic interference. To avoid that, Electromagnetic and Radio Frequency Interference (EMI/RFI) coatings are used to shield them against such interference. EVs have various devices that require EMI/RFI shielding.

Electromagnetic And Radio Frequency Interference Coating For Electric Vehicles Market Segmentation

The goal behind promoting EVs is to reduce the cost of driving and environmental pollution. An average compact vehicle adds USD 1,500 fuel cost and 4.7 tons of global warming pollution in a year. On the other hand, an EV costs around USD 765 for fuel and 2.9 tons of pollution. This significant gap in cost and pollution is propelling EV manufacturing and thus, increasing demand for EMI/RFI coatings.

Vehicles have numerous electronic systems and owing to packaging constraints they are in close proximity to one another. Devices and components such as GPS receivers, music systems, cameras, and others are sources of electromagnetic noise and encounter interference. Furthermore, the powertrains in EVs are another source of EMI.

Increasing dependence on electronic data transfer has augmented the risk for EMI and propelled the consumption of EMI/RFI coatings in EVs. There are various components in an EV that are sources of EMI and require EMI shielding. Some of the primary sources include power converters & electric motors, traction batteries & interconnectors, shielded and unshielded cables, battery chargers, collision avoidance radar, DC motors, engine control modules, and navigation systems.

Based on the method, the market is segmented into vacuum metalizing, electroless plating, and others. In vacuum metalizing, vaporized metal is applied to a part’s surface. The process takes place through a vacuum chamber to direct the flow of the metal vapor to ensure an even coating on the surface. The process is cost-effective as it allows large-scale production, however, the vacuum chamber places restrictions in terms of the size of parts.

Copper and aluminum are preferred materials in vacuum metalizing for EMI shielding owing to high electrical conductivity. Vacuum metalizing for EMI shielding finds application in lighting and components in vehicles. Electroless plating is often used for plastic parts that have low conductivity. Copper or nickel are preferred as coating materials in this method. This method does not have restrictions on the size of parts, but it is more expensive than vacuum metalizing.

The market is segmented into copper, aluminum, chrome, and others based on material. These materials in their compound form are applied on metal and plastic substrates on various devices and components in EVs. Copper is highly preferred in EMI/RFI shielding owing to its ability to attenuate magnetic and electrical waves and its versatility, which allows it to easily fabricate with other alloys.

Based on vehicles, the market is segmented into passenger cars and commercial vehicles. Passenger cars are anticipated to dominate the market across the forecast period; however, commercial vehicles are expected to register the highest growth rate. The latter includes buses, vans, trucks, agricultural vehicles, and construction vehicles.

The significance of electrifying commercial vehicles is growing rapidly worldwide, which is expected to positively influence market growth. As per the 2016 Paris Agreement, all transport is to be zero-emission by 2050. Countries including the U.S., Canada, China, India, and Japan have already introduced thresholds for commercial vehicles. E-buses account for the largest share in the electric commercial vehicles market.

Based on region, North America is anticipated to be one of the major markets for EMI/RFI coatings for EVs across the forecast period. The region is boosting the production of EVs, their batteries, and other electronic components to promote domestic manufacturing and reduce reliance on countries like China. As of 2020, the U.S. held a share of around 18% of global EV production, after China with 44% and Europe with 25%.

For instance, Samsung is considering building a battery factory in the U.S. to supply potential clients (EV manufacturers). The company is considering establishing supply agreements with a U.S. EV manufacturer. Also, in August 2021, Siemens announced to expand its EV charging manufacturing in the U.S. amidst growing demand. Such investments are anticipated to propel the need for EMI/RFI coatings in the region over the coming years.

The competitive rivalry is high in the market owing to the presence of various global and domestic players. With the growth in the EV industry, the reliance on EMI/RFI shielding manufacturers is increasing. EMI shielding is a huge industry in which coatings are a sub-segment. The players are engaged in providing different solutions along with coatings for EMI/RFI shielding. Growing demand and usage of electronic components in the automotive industry is propelling the business for players engaged in developing EMI/RFI coatings. 

Electromagnetic And Radio Frequency Interference Coating For Electric Vehicles Market Report Scope