EMI Shielding Market Share, Size, Trends, Industry Analysis Report, By Material (Conductive Coatings & Paints, Conductive Polymers, Metal Shielding, EMI/EMC Filters, and EMI Shielding Tapes & Laminates); By Industry; By Region; Segment Forecast, 2023 - 2032
- Published Date:Jan-2024
- Pages: 114
- Format: PDF
- Report ID: PM3404
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global EMI shielding market was valued at USD 7.1 billion in 2023 and is expected to grow at a CAGR of 5.4% during the forecast period. Rapid increase in the electromagnetic pollution globally because of the growing digitalization and rise in the demand in automotive and consumer electronics industries, that fuels the requirements for improved and highly innovative EMI shielding solutions, are among the key factors influencing the demand and growth of the global market. The rapid deployment of the 4G/LTE infrastructure and surging commoditization of various types of consumer gadgets including wearables, smartphones, and home appliances among others and increased focus of key market players on developing advanced solutions with the expansion of their product portfolio, is further enhancing the market growth.
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For instance, in May 2021, PPG Industries, announced the completion of its acquisition of Worwag, this acquisition is company’s another step forward to strategic growth plan and that will further expand the company product portfolio.
Moreover, there has been a decent rise in the adoption of electric vehicles across several major economies including US, UK, France, China, and India in the last few years due to growing concerns regarding the pollution cause from diesel and other fuel vehicles and their harmful effects on human health and environment as well. The governments are further promoting the production of EV vehicles through several favorable initiatives including tax rebates and other non-financial benefits, which in turn, fueling the adoption and demand for EMI shielding in automotive industry worldwide.
For instance, according to a report published in January 2023, electric vehicle sales in India have reached over one million units in the year 2022, with a significant growth of 300% compared to 322,877 units of vehicles sold in the previous year. Currently, EVs accounted for approx. 4.7% of total automobile sales which is expected to grow drastically in the coming years.
The outbreak of the COVID-19 pandemic has significantly impacted the growth of the EMI shielding market. The rapid emergence of the deadly coronavirus has had severe impact on various industries, as manufacturing facilities being stooped due to imposed lockdown and other restrictions on business operations. The consumer preferences have shifted from luxury to necessity, that resulted in declining sales of automobiles and several consumer electronics during the pandemic.
Industry Dynamics
Growth Drivers
The EMI shielding market has witnessed significant growth due to the increasing prevalence of electromagnetic interference (EMI) caused by the proliferation of electronic devices, and wireless technologies have created a growing demand for effective EMI shielding solutions. EMI can lead to disruptions and performance issues in electronic systems, necessitating shielding to prevent interference and ensure proper device functioning.
The rising adoption of electronic devices across industries such as telecommunications, automotive, aerospace, healthcare, and consumer electronics has fueled the demand for EMI shielding. These devices generate electromagnetic radiation, making shielding crucial to prevent interference between devices and maintain their optimal performance.
The stringent EMI regulations imposed by governments and regulatory bodies worldwide have driven the demand for EMI shielding products. Compliance with these regulations requires effective shielding solutions to ensure electromagnetic compatibility and minimize interference-related problems.
Moreover, factors such as the increasing miniaturization of electronics, growing demand for high-speed electronics, advancements in EMI shielding technologies, focus on electromagnetic compatibility, and increasing awareness for EMI-related issues have contributed to the market's growth. These drivers have led to an increased demand for EMI shielding solutions that can mitigate interference problems, maintain signal integrity, and protect sensitive electronic devices from damage or malfunction.
Report Segmentation
The market is primarily segmented based on material, industry, and region.
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By Material |
By Industry |
By Region |
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Conductive coatings & paints segment accounted for largest market share
The conductive coatings & paints segment accounted for largest market share in 2022, and is likely to retain its market position with substantial growth rate over the anticipated period. The extensive rise in the usage of smart coatings across numerous industries for cleaning and healing purposes, reduction in the maintenance costs and overall inspection time, and mitigating equipment errors are key factors driving the demand and growth of the segment market. Moreover, engineers and architects are highly utilizing various types of materials including aluminum, steel, glass among others to provide more appealing structures along with the growing focus of key players on expanding their product portfolio is further enhancing the segment market.
For instance, in January 2021, Nippon Paint & Choksey Chemicals, announced that they have entered into a strategic partnership as a part of their vision to expand product portfolio to conductive coatings, agricultural, and thermal insulation. The partnership is estimated to improve and enhance the product visibility, distribution, and sales across the country.
The conductive polymers segment is anticipated to register highest market growth over the coming years, which is highly attributable to continuous rise in the number of applications for conductive polymers through the replacement of both metals and non-metals. In addition, the growing government regulations across many countries regarding the replacement of metals and ceramics with polymers like ABS and PPS for reducing noise pollution, are also expected to bode well for the growth of the segment market.
Automotive segment is expected to witness fastest growth
The automotive segment is projected to grow at a high CAGR over the projected period. Increasing prevalence for self-repairing capabilities in in-vehicles displays, sensors, and cameras for providing improved and long-lasting performance along with the increasing popularity of these techniques as it involves either directly doping inhibitors, that are likely to fuel the market demand over the coming years.
Consumer electronics segment held the significant market revenue share in 2022, mainly due to the growing incorporation of EMI coatings to the electronic equipment to boost the product life, reduce maintenance costs, and enhance the overall energy efficiency along with the rising need for EMI shielding that protects wearable devices from corrosion when exposed to the light, pressure, and electric current.
North America region dominated the global market
North America region dominated the global market for EMI shielding in 2022, and is expected to maintain its dominance throughout the forecast period. The presence of well-established and resilient electronics and semiconductor industries across the region and increasing capacity of product to personalize and repair EMI shield coating in various military applications, are major factors propelling the market growth at significant pace.
In addition, the growing implementation of protective materials by major military forces including U.S and Canada for enhanced combat weapon protection, improving readiness, minimizing the equipment downtime to mitigate the logistics burden of soldiers, and reducing the lifecycle costs, are few other factors likely to create huge growth opportunities for the market.
Asia Pacific region is expected to exhibit fastest revenue CAGR during the anticipated period, on account on surge in the private companies and large research institutions investments towards the development of new shields coupled with the growth in corporate and public sector expenditures in both commercial and public infrastructures. Moreover, the lower operating costs and significant economic growth in countries like China, India, and South Korea and emerging trend of EVs and HEVs in the region will push the market growth forward over the next coming years.
Competitive Insight
Some of the major players operating in the global market include Parker Hannifin, PPG Industries, Laird Performance Materials, 3M Company, Omega Shielding Products, HEICO Corporation, Henkel AG, RTP Company, Marktek Inc., Huntsman International Inc., Kitagawa Industries Co. Ltd., Leader Tech Inc., Schaffner Holding AG, ETS-Lindgren Inc., KGS, Nanotech Energy, Electrolube, and Orion Industries Incorporated.
Recent Developments
- In January 2022, Toyochem, launched of new highly flexible electromagnetic interference shielding film named the LIOELM TSS510-HF. This film is specially designed to increase the performance requirements of the 5G printed circuits and will help in addressing the needs of today’s electronics designers for enhanced shielding performance.
- In March 2021, Seaman Corporation & V Technical Textiles, introduced a new innovative product with the groundbreaking technology for wide range of applications. The newly developed offers numerous technologically advanced safety and security features in situations requiring more rugged and robust RF shielded material.
EMI Shielding Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 7.47 billion |
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Revenue forecast in 2032 |
USD 11.33 billion |
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CAGR |
5.4% from 2024– 2032 |
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Base year |
2023 |
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Historical data |
2019– 2022 |
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Forecast period |
2024– 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments covered |
By Material, By Industry, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Parker Hannifin, PPG Industries, Laird Performance Materials, 3M Company, Omega Shielding Products, HEICO Corporation, Henkel AG, RTP Company, Marktek Inc., Huntsman International Inc., Kitagawa Industries Co. Ltd., Leader Tech Inc., Schaffner Holding AG, ETS-Lindgren Inc., KGS, Nanotech Energy, Electrolube, and Orion Industries Incorporated. |
FAQ's
key companies in emi shielding market are Parker Hannifin, PPG Industries, Laird Performance Materials, 3M Company, Omega Shielding Products, HEICO Corporation.
The global EMI shielding market expected to grow at a CAGR of 5.3% during the forecast period.
The emi shielding market report covering key segments are material, industry, and region.
key driving factors in emi shielding market are increase in the electromagnetic pollution.
The global EMI shielding market size is expected to reach USD 11.33 billion by 2032.
