GVR Report cover Electromagnetic And Radio Frequency Interference Coating For Electric Vehicles Market Size, Share & Trends Report

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

  • Published Date: ---
  • Base Year for Estimate: ---
  • Report ID: GVR452028
  • Format: Electronic (PDF)
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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

Segments

Details

Method

Vacuum Metalizing; Electroless Plating; Others

Material

Aluminum; Copper; Chrome;Others

Vehicle

Passenger Cars; Commercial Vehicles

Region

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

 

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 with one another. Devices and components such as GPS receivers, music systems, cameras, and others are sources for electromagnetic noise and encounter interference. Furthermore, the powertrains in EVs are another source for EMI.

Increasing dependence on electronic data transfer has augmented risk for EMI and propelled consumption of EMI/RFI coatings in EVs. There are various components in an EV that are sources for 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 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 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 for size of parts, but it is expensive than vacuum metalizing.

Based on material, the market is segmented into copper, aluminum, chrome, and others. 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 is anticipated to dominate the market across the forecast period; however, commercial vehicles is expected to register 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 U.S., Canada, China, India, and Japan have already introduced thresholds for commercial vehicles. E-buses account for the largest share in 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 production for EVs, its 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 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 an 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 need for EMI/RFI coatings in the region over the coming years.

The competitive rivalry is high in the market owing to presence of various global and domestic players. With growth in the EV industry, the reliance on EMI/RFI shielding manufacturers is increasing. EMI shielding is a huge industry of which coatings is 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 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

Report Attribute

Details

Base year for estimation

2020

Historical data

2017 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD billion and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Method, material, vehicles, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; Germany; Italy; UK; France; Russia; China; India; Japan; Brazil

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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