EMI Shielding Market Size, Share & Segmentation By Material (EMI Shielding Tapes & Laminates, Conductive Coatings & Paints, Conductive Polymers, Metal Shielding, EMI/EMC Filters) By Method (Conduction, Radiation) By Industry (Consumer Electronics, Automotive, Aerospace, Telecom & IT, Healthcare, Others), By Regions And Global Forecast 2024-2031

EMI Shielding Market Report Scope & Overview:

The EMI Shielding Market Size was valued at USD 7.18 billion in 2023 and is expected to reach USD 11.10 billion by 2031 and grow at a CAGR of 5.6% over the forecast period 2024-2031.

EMI shielding is defined as the reflection or absorption of electromagnetic radiation by using materials that are positioned in the path of electromagnetic interference.

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EMI shielding can reduce electromagnetic fields, electrostatic fields, and radio wave coupling. The EMI shielding market has grown in the last decade as the use of electronics in various industries such as aerospace and defence, automotive, telecom and IT, healthcare, consumer electronics, and others has increased. Various EMI shielding materials, such as metals, conductive coatings, laminates, and others, are used to prevent electronic devices from malfunctioning by filtering incoming and outgoing interferences. Increased global defence spending by countries will benefit the EMI shielding materials market, as the product is used to protect weapon systems from interference. Additionally, stringent government regulations in industries like automotive, consumer electronics, and telecommunications mandate compliance with electromagnetic compatibility (EMC) standards, driving the integration of EMI shielding solutions into products to meet regulatory requirements. Moreover, manufacturers are increasing investments in R&D to develop advanced EMI shielding materials and technologies, along with expanding production capacities, to cater to the growing demand propelled by these factors. Overall, the combined impact of industrial growth, consumer electronics proliferation, regulatory standards, and manufacturer investments is propelling the expansion of the EMI shielding market as electronic devices continue to advance and become more prevalent across industries.

MARKET DYNAMICS:

KEY DRIVERS:

• Environmental and EMC regulations are becoming increasingly stringent across industries.

• Field trials and pilot projects are currently underway to demonstrate the viability of 5G technology.

• Consumer electronics are in high demand.

As the world moves toward greater connectivity and faster data speeds, the deployment of 5G technology represents a significant advancement in telecommunications. Field trials and pilot projects are currently being conducted to showcase the potential and feasibility of implementing 5G networks. These trials involve testing the performance, reliability, and scalability of 5G infrastructure in real-world environments. By conducting these trials, telecommunications companies and technology providers aim to demonstrate the capabilities of 5G networks in areas such as high-speed internet access, ultra-low latency communications, and support for a massive number of connected devices. Additionally, these trials allow stakeholders to identify and address any technical challenges or regulatory hurdles that may arise before widespread deployment. Overall, field trials and pilot projects play a crucial role in validating the viability of 5G technology and paving the way for its widespread adoption shortly.

RESTRAINTS:

• The effectiveness of traditional methods is limited.

Conventional methods of electromagnetic interference (EMI) shielding, commonly implemented through the addition of metal layers or conductive coatings, are proving insufficient in safeguarding modern electronic devices against EMI. These traditional techniques encounter various challenges within the realm of contemporary electronics. These challenges may potentially impede the market's growth trajectory.

OPPORTUNITIES:

• Modern automobiles are increasingly incorporating advanced technologies.

• Electric vehicle adoption is increasing.

In recent years, there has been a notable surge in the adoption of electric vehicles (EVs), marking a significant shift towards sustainable transportation. Several factors contribute to this trend. Firstly, advancements in battery technology have led to the development of EVs with improved range and performance, alleviating concerns regarding range anxiety among consumers. Additionally, governments worldwide are implementing policies and incentives to promote EV adoption, such as subsidies, tax incentives, and investment in charging infrastructure. Growing environmental consciousness among consumers, coupled with concerns about air pollution and climate change, further drive the demand for cleaner transportation options like EVs. As a result, manufacturers are expanding their EV offerings, introducing new models with diverse features and price points to cater to a broader market. Overall, the increasing adoption of electric vehicles reflects a growing awareness of the need for sustainable transportation solutions and signals a significant transformation in the automotive industry.

CHALLENGES: 

• Growing intricacy arising from miniaturization.

As electronic devices continue to shrink in size and complexity, traditional methods of electromagnetic interference (EMI) shielding face challenges. These methods typically involve the addition of bulky shielding materials, which become impractical due to the limited space available in miniature devices. The compactness of components and their close proximity make it difficult to detect and address EMI issues within these devices. Conventional EMI shielding solutions, such as metal sheets, are ill-suited for smaller devices as they cannot be seamlessly integrated into existing designs. Consequently, there is a need for innovative and space-efficient EMI shielding solutions that can effectively protect smaller electronic devices from electromagnetic interference without compromising their form factor or functionality. This demand for innovative shielding solutions contributes to the increase in product costs within the EMI shielding market.

IMPACT OF RUSSIAN UKRAINE WAR

The Russia-Ukraine conflict is poised to have a multifaceted impact on the EMI shielding market, bringing forth both positive and negative repercussions. Negative effects include supply chain disruptions due to both countries' significant roles in providing raw materials essential for EMI shielding products, potentially leading to material shortages and price increases. Additionally, the war-induced global economic uncertainty may result in reduced demand for electronic devices with EMI shielding, affecting the market. Conversely, positive effects could arise from increased defense spending globally, particularly in Europe, which might drive up demand for EMI shielding in defense and aerospace sectors. Furthermore, the conflict may prompt a shift towards domestic manufacturing of critical components like EMI shielding materials, potentially reshaping the market landscape in the long term. Overall, the exact impact of the war on the EMI shielding market remains uncertain, presenting a mix of growth opportunities and challenges across various sectors.

IMPACT OF ECONOMIC SLOWDOWN

A worldwide economic downturn is likely to adversely affect the EMI shielding market through decreased electronics demand, as reduced consumer spending leads to lower production of devices reliant on EMI shielding. Additionally, economic slowdowns prompt delays in infrastructure projects, hindering market growth due to postponed installations of EMI shielding solutions in data centers, transportation systems, and telecommunication networks. Furthermore, decreased research and development (R&D) investment during economic hardships may impede innovation in the industry, potentially delaying advancements in shielding materials and technologies. Moreover, heightened price sensitivity among companies could pressure EMI shielding manufacturers to cut costs, potentially compromising the quality and effectiveness of shielding solutions. Nonetheless, economic downturns may spur manufacturers to focus on developing more cost-effective solutions, driving innovations that benefit the market in the long term. Overall, while challenges are posed by a global economic slowdown, the EMI shielding market's adaptability and innovation potential may help alleviate some of the negative impacts.

KEY MARKET SEGMENTS:

BY MATERIAL

• EMI shielding tapes & laminates

• Conductive coatings & paints

• Conductive polymers

• Metal shielding

• EMI/EMC filters

The EMI shielding market is segmented into EMI shielding tapes & laminates, Conductive coatings & paints, Conductive polymers, Metal shielding and EMI/EMC filters. The conductive coatings and paints segment is expected to have the highest market share, followed by the conductive polymers segment. Conductive coatings and paints shield non-metal surfaces from electromagnetic radiation. They are, however, more expensive than other EMI shielding solutions. Surface resistivity in the conductive coating is inversely proportional to coating thickness. To prevent electromagnetic interference, materials such as silver, nickel, graphite, and silver-coated copper create a conductive shield around the casing.

BY METHOD

• Conduction

• Radiation

The EMI shielding market is segmented into Conduction and Radiation. The radiation segment is expected to dominate the EMI shielding market, accounting for the largest share. The majority of electrical and electronic devices emit electromagnetic signals. The growing use of consumer electronics causes a significant increase in electromagnetic pollution. As a result, these signals must be kept within limits to reduce interference and avoid damage to a device's electrical circuitry and performance degradation.

BY INDUSTRY

• Consumer electronics

• Automotive

• Aerospace

• Telecom & IT

• Healthcare

• Others

​​​​​​​The EMI shielding market is predominantly led by the consumer electronics sector, primarily due to the widespread proliferation of compact consumer electronics devices containing delicate electronic components. These components are highly vulnerable to electromagnetic interference (EMI), which can disrupt their functionality and cause performance deterioration. With ongoing advancements in consumer electronics, characterized by smaller form factors, increased data transfer speeds, and a myriad of advanced functionalities, there is a growing demand for advanced EMI shielding solutions

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REGIONAL ANALYSIS:

North America emerges as the leading market, propelled by its status as one of the most technologically advanced regions globally, attributed to extensive research and development activities in sectors such as space exploration, healthcare, and defense equipment. The United States notably boasts the world's largest defense budget. Furthermore, the healthcare sector in North America is poised for significant advancement, driven by factors such as population growth and increasing disposable income in the region. Conversely, Asia Pacific emerges as the fastest-growing market during the forecast period, fueled by the presence of numerous electronics manufacturers within its economies. Rapid industrialization and infrastructural development, particularly in China, serve as primary drivers for market expansion in the region. Leading sectors in Asia Pacific include consumer electronics manufacturing and automotive industries, with anticipated growth in telecommunications and information technology sectors in the years to come. The region's potential, coupled with its low operational costs, positions it as a pivotal driving force for market growth in Asia Pacific.

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REGIONAL COVERAGE:

North America

• US

• Canada

• Mexico

Europe

• Eastern Europe

  • Poland

  • Romania

  • Hungary

  • Turkey

  • Rest of Eastern Europe

• Western Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Netherlands

  • Switzerland

  • Austria

  • Rest of Western Europe

Asia Pacific

• China

• India

• Japan

• South Korea

• Vietnam

• Singapore

• Australia

• Rest of Asia Pacific

Middle East & Africa

• Middle East

  • UAE

  • Egypt

  • Saudi Arabia

  • Qatar

  • Rest of Middle East

• Africa

  • Nigeria

  • South Africa

  • Rest of Africa

Latin America

• Brazil

• Argentina

• Colombia

• Rest of Latin America

KEY PLAYERS:

The key players in the EMI shielding market are 3M Company, Henkel Corporation, Kitagawa Industries, Leader Tech, PPG Industries, SCHAFFNER HOLDING, ETS-Lindgren, KGS, Laird PLC, PARKER HANNIFIN, RTP Company & Other Players.

Henkel Corporation-Company Financial Analysis

RECENT DEVELOPMENT

In September 2023: PPG Industries Inc. announced the successful completion of a USD 2.7 million project to expand its powder coatings plant in Sumaré, Brazil. This expansion has increased the facility's production capacity by 40%.

In September 2023: Henkel introduced the Bergquist Gap Pad TGP EMI4000, a multifunctional EMI thermal gap pad without silicone. This silicone-free substance combines high thermal conductivity (4W/mK) with EMI shielding capabilities, effectively operating up to 77 GHz frequencies.

In May 2023: PPG Industries Inc. unveiled a USD 44 million investment plan aimed at enhancing five powder coating manufacturing facilities across the United States and Latin America. These initiatives are integral to PPG's strategic objectives of expanding its portfolio of powder coatings and bolstering global production capacity to meet the growing customer demand for environmentally sustainable products.