EMI Shielding Market by Material, Method, Industry, and Region - Global Market Size Estimation, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2030
Overview
The EMI Shielding Market size was valued at USD 6.75 Billion in 2023 and the total EMI Shielding revenue is expected to grow at a CAGR of 4.4% from 2024 to 2030, reaching nearly USD 9.13 Billion.
EMI Shielding Market Overview:
In electronic devices and equipment, EMI shielding refers to the use of manufacturing techniques and materials to protect signals from being disrupted by external electromagnetic signals and to prevent generated signals from interfering with nearby components. The fundamental goal of good EMC shielding is to prevent sensitive electronics from being harmed by electromagnetic interference (EMI) or radio frequency interference (RFI). This is accomplished by absorbing the electromagnetic interference that is sent through the air using a metallic screen.
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Market Dynamics:
High demand for consumer electronics is the key factor that drives the growth of the EMI Shielding market. Computers, smartphones, tablets, and laptops are some of the most often used consumer electronics by common citizens for a variety of reasons such as communication, entertainment, and official work. Voice-assisted personal infotainment systems, rising acceptance of electronic appliances in automobiles, an increasing number of smartphones, the influence of artificial intelligence, and the future deployment of 5G cellular networks all contribute to the global increase of consumer electronics. Work-from-home and study-from-home have also become the new normal for working professionals and students, respectively, as a result of the COVID-19 pandemic. As a result, this trend is expected to drive growing consumer electronics demand in the forecast period.
EMI is produced by consumer electronic devices. EMI shielding is becoming an increasingly relevant topic as electronic gadgets such as computers, mobile phones, and navigation systems spread around the world. Factors such as the increased potential for emissions owing to variable supply voltages, higher clock frequencies, and quicker slew rate all contribute to the necessity for EMI shielding.
As a result, various guidelines and laws in favor of EMI shielding technologies and their providers have emerged. Reliable EMI shielding contributes considerably to machine reliability, making it a valuable selling point for electric systems and machine manufacturers. These are the factors that drives the growth of the EMI Shielding Market in the forecast period.
The major factor that restrains the growth of the market is the high cost of EMI Shielding. The cost of EMI shielding systems typically includes the expense of checking the compliance of multiple procedures, such as cleaning, loading and unloading, and masking, to set requirements. This additional cost adds to the final product's overall cost. Many electronic device manufacturers consider EMI shielding during the design process and subsequently create goods that meet the needs of the target market.
If manufacturers are unable to accomplish the needed EMI shielding, they must seek other shielding options in order to bring their product into compliance with the target market without compromising its design. This will increase the product's final cost and increase its time to market. As a result, the high costs of EMI shielding hamper the market growth.
EMI Shielding Market Segment Analysis:
Based on the Material, the market is segmented into EMI shielding tapes & laminates, Conductive coatings & paints, metal shielding, Conductive polymers, and EMI/EMC filters. Conductive coatings & paints segments are expected to hold the largest market share of xx% by 2030. Electromagnetic shielding is provided by conductive coatings and paints for non-metal surfaces. They are, nevertheless, more costly than other EMI shielding options. Surface resistance in conductive coatings is inversely related to coating thickness.
Silver, nickel, graphite, and silver-coated copper are among the materials used to construct a conductive shield around the casing to avoid electromagnetic interference. These are the major factors that drives the growth of the Conductive coatings & paints segment in the global EMI Shielding market in the forecast period.
Based on the Method, the market is segmented by Radiation, and Conduction. The radiation segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2024-2030. Electromagnetic signals are radiated by almost all electrical and electronic devices. Electromagnetic pollution increases rapidly as consumer devices become more widely used. As a result, these signals must be kept within limitations to eliminate interference and avoid harm to a device's electrical circuitry and performance loss. These are the factors that drives the growth of Radiation segment in the global EMI Shielding market in the forecast period.
Based on the Industry, the market is segmented by Consumer Electronics, Telecom & IT, Automotive, Healthcare, Aerospace, and Others. Consumer electronics segment is expected to hold the largest market share of xx% by 2030.
Computers, smartphones, tablets, and laptops are some of the most often used consumer electronics by common citizens for a variety of reasons such as communication, entertainment, and official work. Voice-assisted personal infotainment systems, rising acceptance of electronic appliances in automobiles, an increasing number of smartphones, the influence of artificial intelligence, and the future deployment of 5G cellular networks all contribute to the global increase of consumer electronics.
Work-from-home and study-from-home have also become the new normal for working professionals and students, respectively, as a result of the COVID-19 pandemic. These are the major factors that drives the growth of Consumer electronics in the global EMI Shielding market in the forecast period.
Regional Insights:
Asia Pacific dominates the Global EMI Shielding Market during the forecast period 2024-2030. The Asia Pacific is expected to hold the largest market share of xx% by 2030. This is due to the presence of large manufacturing facilities for automobiles and consumer electronics will play a significant role in the region's EMI shielding market development. The increasing use of electronic systems and equipment in automobiles, as well as the increased focus on the implementation of 5G infrastructure, are driving the growth of the EMI shielding market in Asia Pacific region in the forecast period.
The objective of the report is to present a comprehensive analysis of the global EMI Shielding Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The reports also helps in understanding the global Market dynamic, structure by analyzing the market segments and project the global EMI Shielding Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market make the report investor’s guide.
EMI Shielding Market Scope: Inquire before buying
| EMI Shielding Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 6.75 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 4.4% | Market Size in 2030: | USD 9.13 Bn. |
| Segments Covered: | by Method | Radiation Conduction |
|
| by Material | EMI shielding tapes & laminates Conductive coatings & paints Metal shielding Conductive polymers EMI/EMC filters |
||
| by Industry | Consumer electronics Telecom & IT Automotive Healthcare Aerospace |
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EMI Shielding Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina and Rest of South America)
EMI Shielding Market, Key Players are:
1. ABB
2. Aerovironment
3. Chargepoint
4. Engie
5. Tesla
6. Schneider Electric
7. Siemens
8. Efacec
9. Parker-Hannifin
10.PPG Industries
11.Henkel
12.Laird Performance Materials
13.RTP
14.Others
Frequently Asked Questions:
1] What segments are covered in EMI Shielding Market report?
Ans. The segments covered in market report are based on Material, Method, and Industry.
2] Which region is expected to hold the highest share in the global EMI Shielding Market?
Ans. Asia Pacific is expected to hold the highest share of xx% in the global EMI Shielding Market.
3] Who are the top key players in the global EMI Shielding Market?
Ans. ABB, Aerovironment, Chargepoint, Engie, and Tesla are the top key players in the global EMI Shielding Market.
4] Which segment holds the largest market share in the global EMI Shielding market by 2030?
Ans. Conductive coatings & paints segment holds the largest market share in the global EMI Shielding market by 2030.
5] What was the Global EMI Shielding Market size in 2023?
Ans: The Global EMI Shielding Market size was USD 6.75 Billion in 2023.