Summary:

• The global EMI shielding market size reached USD 7.3 Billion in 2023.
• The market is expected to reach USD 10.9 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032.
• North America leads the market, accounting for the largest global EMI shielding market share.
• Conductive coatings and paints accounts for most of the market share in the material segment as they are cost-effective and can be easily applied to various surfaces.
• Radiation holds the largest share in the shielding method segment of the EMI shielding industry, due to the increasing use of high-frequency devices, which are more prone to interference.
• Consumer electronics remain a dominant segment in the market, as devices become smaller and more powerful.
• The proliferation of electronic devices is a primary driver of the EMI shielding market.
• The establishment of several policies and regulations by the government is reshaping the EMI shielding market.

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Industry Trends and Drivers:

• Rising Demand for Electronic Devices:

The rapid adoption of electronic devices, such as smartphones and automotive electronics, is one of the major factors driving the market growth.

Moreover, the growing demand for electromagnetic interference (EMI) shielding as the world becomes more connected and reliant on electronic gadgets is fueling the market growth. Along with this, the increasing demand for protection in industries like automotive, telecommunications, and consumer electronics, where device performance and reliability are paramount, is fostering the market growth.

Additionally, the burgeoning incorporation of electronic systems like global positioning system (GPS), infotainment, and safety controls in automobiles, which require EMI shielding to function without interference, is enhancing the market growth.

• Implementation of Stringent Government Regulations:

The imposition of government regulations and industry standards to ensure electromagnetic compatibility (EMC) in electronic products are positively impacting the market growth.

Moreover, the growing regulations by various regulatory agencies, prompting manufacturers to meet specific EMI standards is fueling the market growth. These regulations ensure that electronic devices do not emit excessive electromagnetic radiation, which could interfere with other electronic equipment or pose health risks. Along with this, the widespread incorporation of EMI shielding materials by companies into their designs to comply with these stringent requirements is fostering the market growth.

Moreover, the heightened shielding application in the aerospace and defense sectors, as electromagnetic interference can disrupt communication systems, radars, and navigation tools, endangering lives, is stimulating the market growth.

• Growth of Electric Vehicles (EVs):

The rising adoption of electric vehicles (EVs) is another major driver boosting the market growth.

Moreover, the increasing reliance of EVs on sophisticated electronic systems for battery management, infotainment, autonomous driving, and safety features is strengthening the market growth.

Additionally, the rising complexity of these systems that make them prone to EMI, which can disrupt the operation of critical vehicle functions, is enhancing the market growth. In line with this, the strong demand for advanced EMI shielding materials in the automotive industry, coupled with the integration of powerful batteries and electric motors in EVs that generate significant electromagnetic radiation, is propelling the market growth.

EMI Shielding Market Report Segmentation:

Breakup By Material:

·         EMI Shielding Tapes and Laminates

·         Conductive Coatings and Paints

·         Metal Shielding

·         Conductive Polymers

·         EMI/EMC Filters

·         Others

Conductive coatings and paints account for most shares due to their flexibility and efficiency in shielding electronic components from electromagnetic interference.

Breakup By Shielding Method:

·         Radiation

·         Conduction

Radiation dominates the market as it is critical in protecting sensitive electronics from external electromagnetic waves, particularly in industries such as aerospace, telecommunications, and healthcare.

Breakup By End-Use Industry:

Consumer Electronics

·         Smartphones

·         Tablets

·         Television

·         Others

Telecom and IT

Automotive

Healthcare

Defense and Aerospace

Others

Consumer electronics represents most shares as it requires EMI shielding to function properly.

Breakup By Region:

·         North America

·         Asia Pacific

·         Europe

·         Latin America

·         Middle East and Africa

North America holds the leading position owing to a large market for EMI shielding driven by the presence of major tech companies, strong defense and aerospace sectors, and stringent regulatory standards.

Top EMI Shielding Market Leaders:

The EMI shielding market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.

Some of the key players in the market are:

·         3M Company

·         Parker Chomerics (Parker Hannifin)

·         Dow Inc

·         ETS-Lindgren (ESCO Technologies Holding Inc.)

·         Henkel AG & Co. KGaA

·         Kitagawa Industries (Nitto Kogyo Corporation)

·         Laird Technologies Inc. (Advent International)

·         Leader Tech Inc. (HEICO Corporation)

·         PPG Industries

·         RTP Company (Miller Waste Mills Inc.)

·         Schaffner Holding AG

·         Tech-Etch Inc.

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Key Highlights of the Report:

·         Market Performance (2018-2023)

·         Market Outlook (2024-2032)

·         Market Trends

·         Market Drivers and Success Factors

·         Impact of COVID-19

·         Value Chain Analysis

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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