USD 13.1 billion
Noise suppression Components Market Size, Share, Growth Analysis, By Type(Conductive Coatings, PCB Level Shieldings, Gaskets, EMI Filters), By Application(Aerospace and Defense, Automobile, Consumer Electronics, Healthcare), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45N2018 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
67
|Figures:
75
Noise suppression Components Market Insights
Global Noise suppression Components Market size was valued at USD 19.00 billion in 2022 and is poised to grow from USD 21.51 billion in 2023 to USD 58.00 billion by 2031, growing at a CAGR of 13.2% in the forecast period (2024-2031).
The global noise suppression components market is poised to experience growth in the upcoming years, due to several key drivers. One of the primary factors contributing to market growth is the increasing production and consumption of electronic devices. As the use of electronics becomes more widespread, the need for noise suppression components to enhance their performance and minimize unwanted noise and electromagnetic interference rises. Another factor expected to fuel market growth is the growing popularity and affordability of noise cancellation headphones. These headphones rely on noise suppression components to filter out unwanted sounds, leading to increased demand for these components in the audio and entertainment industries.
Additionally, the adoption of plastic housing in electronic devices is also contributing to the growth of the noise suppression components market. Plastic housings are preferred over metal housings due to their lower cost, lighter weight, and non-conductive properties, making them ideal for use in devices that are installed near water. However, plastic housings need to be coated with a conductive layer to provide shielding, allowing electromagnetic waves to pass through them easily.
The rise in the number of theaters worldwide is another factor that is likely to positively impact the growth of the noise suppression components market. Theatres use DOLBY, an unwanted noise reduction system, which requires the use of noise suppression components to function properly.
However, one factor that may hinder the growth of the market to some extent is the difficulty in separating various noises coming from different sources. This limitation can make it challenging to develop noise suppression components that effectively filter out specific types of noise while allowing other sounds to pass through unaffected.
US Noise Suppression Components Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Consumer Electronics
Fastest Growth
Consumer Electronics
Growth Rate
13.2% CAGR
Global Noise suppression Components Market ($ Bn)
Country Share for North America Region (%)
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Noise suppression Components Market Segmental Analysis
Global Noise suppression Components market is segmented on the basis of type, application, and region. By type, the Noise Suppression Components Market is segmented into Conductive Coatings, PCB Level Shieldings, Gaskets, EMI Filters, Laminates/Tapes. By application, the Noise Suppression Components Market is segmented into Aerospace and Defense, Automobile, Consumer Electronics, Healthcare, Telecom. By region, the Noise Suppression Components Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Noise Suppression Components Market Analysis by Application
The consumer electronics segment was the largest contributor to the noise suppression components market in 2021, accounting for over 30% of the total revenue. This segment is expected to maintain its dominance over the forecast period, driven by the demand for noise suppression components with features such as high audio and electrical output, as well as low power consumption. Noise Suppression PCB Level Shielding is an affordable solution that offers excellent performance in reducing electromagnetic interference generated from amplifiers and other electronic devices.
Furthermore, the automotive applications segment is poised for significant growth in the coming years, as there is a rising demand for vehicles equipped with advanced features such as navigation systems with global positioning systems that require strong signal reception without any interference. The increasing popularity of smartphones has also led to an increase in the use of earphones or headphones, which has created a demand for superior sound quality and noise cancellation features across all price segments within the automotive industry. This trend is driving product adoption across various vehicle types, including sports cars, luxury cars, hatchbacks, and minivans.
Global Noise suppression Components Market By Type
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Noise suppression Components Market Regional Insights
In 2021, North America held the largest share in the global noise suppression components market in terms of revenue. The region is expected to maintain its dominant position over the forecast period, fueled by increasing military expenditures in countries such as the United States and Canada. On the other hand, the Asia Pacific market is expected to experience the highest growth rate over the forecast period. This growth can be attributed to the rising demand for consumer electronics and healthcare equipment at the domestic level. Additionally, government initiatives aimed at boosting investments in the defense sector in countries like India, China, and Japan are expected to drive regional growth.
Global Noise suppression Components Market By Region
- Largest
- Fastest
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Noise suppression Components Market Dynamics
Noise Suppression Components Market Drivers
Growing demand for consumer electronics is driving market growth
- With the growing popularity of electronic devices, such as smartphones and laptops, there is an increasing demand for noise suppression components that improve audio quality and reduce unwanted noise. For example, Murata Manufacturing Co., Ltd., a leading supplier of electronic components, offers noise suppression components for smartphones and other portable devices. In 2020, Murata released its new noise suppression component, the BLM18SG_BH1 series, which offers high attenuation for low frequency noise.
Expansion of the automotive industry is driving market growth
- The automotive industry is a major user of noise suppression components, as these components are essential for improving audio quality and reducing noise in cars and other vehicles. For example, TDK Corporation, a leading manufacturer of electronic components, offers noise suppression components for use in automotive applications. In 2021, TDK launched its new noise suppression component, the MAF1608G Series, which provides high-performance noise reduction for use in automotive electronic systems.
Noise Suppression Components Market Restraints
High cost is anticipated to limit market growth
- The high cost of noise suppression components is one of the major restraints to the market's growth. The high cost can limit the adoption of these components in various applications.
Regulatory Compliance might limit market growth
- The noise suppression components market is subject to various regulatory requirements, such as electromagnetic compatibility (EMC) regulations. Companies must comply with these regulations to avoid penalties and product recalls.
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Noise suppression Components Market Competitive Landscape
The noise suppression components market is highly competitive, with the presence of several global and regional players. Some of the key players in the market include Murata Manufacturing Co., Ltd., TDK Corporation, Laird PLC, Panasonic Corporation, and TE Connectivity Ltd., among others. These companies are focusing on strategies such as product innovation, collaborations, and mergers and acquisitions to gain a competitive edge. For example, in 2021, Murata Manufacturing Co., Ltd. announced the launch of a new noise suppression filter for in-vehicle applications. The filter is designed to provide high attenuation of common mode noise in a compact size, and its launch is expected to enhance the company's product portfolio and market position.
Noise Suppression Components Market Top Player’s Company Profiles
- Murata Manufacturing Co. Ltd.
- TDK Corporation
- Taiyo Yuden Co. Ltd.
- STMicroelectronics N.V.
- Rohm Co. Ltd.
- On Semiconductor Corporation
- NXP Semiconductors N.V.
- Texas Instruments Inc.
- Analog Devices Inc.
- Infineon Technologies AG
- Maxim Integrated Products Inc.
- Renesas Electronics Corporation
- AVX Corporation
- KEMET Corporation
- EPCOS AG
- Vishay Intertechnology Inc.
- Panasonic Corporation
- Elna Co. Ltd.
- Würth Elektronik GmbH & Co. KG
- Knowles Corporation
Noise Suppression Components Market Recent Developments
- In February 2023, Agora, Inc. introduced a novel audio solution called AI Noise Suppression. The company aims to provide an enhanced audio experience by eliminating unwanted background noise such as coughing, typing, kids, pets, or room echo from meetings.
- In September 2020, TDK Corporation unveiled its latest product, the MHF1608 series of noise suppression filters for automobiles. This noise suppression component is designed to be inserted in signal lines of electronic control circuits utilized in various automotive applications such as navigation, car audio, and battery monitoring systems.
Noise suppression Components Key Market Trends
- Growing demand for electric vehicles: As the demand for electric vehicles (EVs) increases, noise suppression components are becoming a critical component of the EV ecosystem. This trend is expected to continue as governments around the world implement policies to encourage the adoption of EVs.
- Increasing adoption of plastic housing: Plastic housing is being increasingly adopted compared to metal housing since they are low-priced, they are lighter, and they do not conduct electricity, making the electronic device suitable for installation close to water. This trend is expected to continue with the increasing demand for consumer electronics and home appliances.
- Emergence of wireless charging: The advent of wireless charging technology is driving the demand for noise suppression components. With the growing popularity of wireless charging technology, noise suppression components are becoming increasingly important to ensure proper functioning of wireless charging devices.
Noise suppression Components Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Noise suppression Components market analysis, the global noise suppression components market is poised for substantial growth during the forecast period, driven by factors such as increasing demand for consumer electronics, rising adoption of noise-canceling headphones, and the popularity of plastic housing. The automotive industry is expected to be a significant contributor to market growth, thanks to the rising demand for vehicles with advanced features such as GPS and navigation systems. North America is predicted to retain its dominance in the market, while the Asia Pacific region is expected to be the fastest-growing regional market due to increasing demand for consumer electronics products, healthcare equipment, and government initiatives that encourage investments in the defense sector.
However, the market faces several challenges, including high costs associated with noise suppression components and the difficulty of separating various noises coming from different sources. In addition, the availability of counterfeit noise suppression components can hinder the growth of the market, as these components may not provide the same level of performance as genuine products.
Overall, the noise suppression components market is expected to witness steady growth over the forecast period, driven by the increasing demand for consumer electronics products and the adoption of noise-canceling headphones across all price segments. However, market players will need to keep a close eye on emerging trends and be prepared to invest in R&D to stay ahead of the competition.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 19.00 billion |
| Market size value in 2031 | USD 58.00 billion |
| Growth Rate | 13.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Noise suppression Components Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Noise suppression Components Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Noise suppression Components Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Noise suppression Components Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Noise suppression Components Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Noise suppression Components Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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