Written by Nitin Sharma » Updated on: November 04th, 2024
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 due to high demand for consumer electronics and advanced technology infrastructure.
• Conductive coatings and paints account for most of the market share in the material segment due to their ease of application and versatility.
• Radiation holds the largest share in the EMI shielding industry as it effectively eliminates interference.
• Consumer electronics remain a dominant segment in the market, as EMI shielding is widely used in smartphones, laptops, and tablets.
• The rapid proliferation of consumer electronics is a primary driver of the EMI shielding market.
• The significant growth in the automotive industry and rapid technological advancements are further reshaping the EMI shielding market.
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Industry Trends and Drivers:
• Growth of Consumer Electronics:
The rapid growth of consumer electronics is a significant factor driving the EMI shielding market. The proliferation of devices such as smartphones, tablets, laptops, wearables, and smart home appliances has led to a surge in demand for effective EMI shielding solutions. As these consumer electronics become more advanced and integrated with various communication technologies, they generate and are susceptible to electromagnetic interference. For instance, modern smartphones incorporate multiple wireless communication technologies, including cellular, Wi-Fi, Bluetooth, and global positioning systems (GPS), all of which operate on different frequency bands and can interfere with one another if not properly shielded.
EMI shielding is crucial in these devices to prevent crosstalk between components and to protect sensitive electronics from external sources of interference that could impact performance and reliability.
• Automotive Industry Expansion:
The expansion of the automotive industry, driven by advancements in vehicle technology and the increasing complexity of automotive electronics, is a key factor fueling the growth of the EMI shielding market. Modern vehicles are equipped with a wide range of electronic systems, including advanced driver assistance systems (ADAS), infotainment units, electronic control units (ECUs), and communication modules that require precise and reliable operation. These systems are highly sensitive to electromagnetic interference, which can affect their performance, safety, and functionality. For example, ADAS features such as adaptive cruise control, lane-keeping assist, and automatic emergency braking rely on radar and camera sensors that must function accurately to ensure vehicle safety. EMI shielding is crucial to protect these systems from interference that could lead to malfunctions or false readings.
• Technological advancements:
Technological advancements are a major driver of growth in the EMI shielding market, as they significantly influence the complexity and functionality of electronic devices and systems. Electronic devices are becoming more compact and integrated, with advanced features that require highly sensitive and precise electronic components. This complexity increases the risk of electromagnetic interference, which can disrupt the performance of these devices and lead to malfunction or failure. For example, the integration of high-speed processors, memory chips, and communication modules in modern smartphones and laptops necessitates effective EMI shielding to ensure that these components operate without interference from other electronic systems or external sources.
Additionally, advancements in telecommunication technologies, such as fifth generation (5G) and next-generation wireless networks, involve the use of higher-frequency signals that are more susceptible to interference. To address these challenges, manufacturers are increasingly investing in innovative EMI shielding solutions that offer enhanced protection against electromagnetic noise.
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 versatility, ease of application, and ability to provide effective EMI shielding in compact and complex electronic designs.
Breakup By Shielding Method:
• Radiation
• Conduction
Radiation dominates the market because it effectively mitigates interference caused by electromagnetic radiation, which is crucial for protecting sensitive electronic components and systems.
Breakup By End-Use Industry:
Consumer Electronics
• Smartphones
• Tablets
• Television
• Others
Telecom and IT
Automotive
Healthcare
Defense and Aerospace
Others
Consumer electronics represents the majority of shares due to the widespread proliferation of devices such as smartphones, tablets, and laptops, which require effective EMI shielding to ensure optimal performance and prevent interference.
Breakup By Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
North America holds the leading position owing to its advanced technology infrastructure, high demand for consumer electronics, and significant investments in research and development for innovative EMI shielding solutions.
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:
Some of These Key Players Include:
• 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
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