PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1622839
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1622839
The global EMI shielding market is expected to reach USD 9.69 billion in 2029 from USD 7.34 billion in 2024, at a CAGR of 5.7% during the forecast period. The increasing demand for EMI shielding is closely linked to the miniaturization of electronic products, a process that has speeded up in recent years in industries as disparate as consumer electronics, automotive, healthcare, and telecommunications. As devices become smaller, more compact, and feature-dense, the components inside these devices can converge at closer distances, increasing electromagnetic emissions. Manufacturers are, therefore, switching to the use of advanced EMI shielding materials and have a focus on using thin conductive coatings, flexible films, and lightweight conductive foams that do not compromise with performances in highly compact designs.
Scope of the Report | |
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Years Considered for the Study | 2020-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Billion) |
Segments | By Type, Method, Material, Frequency, Industry and Region |
Regions covered | North America, Europe, APAC, RoW |
"Broadband EMI segment is expected to dominate during the forecast period."
Broadband EMI is dominating the EMI shielding market as there is a rising prevalence of high-speed, wide-bandwidth electronic systems performing operations across a large range of frequencies. With the proliferation of 5G, Wi-Fi 6, and other wireless communication standards, nowadays electronics devices transmit data across larger frequency ranges. This led to a tremendous rise in electromagnetic interference (EMI) on many frequencies, rendering broadband EMI shielding solutions far more crucial. Unlike narrowband EMI, which operates in a confined range of frequencies, broadband EMI can interfere with numerous pieces of equipment operating in various frequencies at the same time, creating more comprehensive disruption.
"EMI shielding Tapes & Laminates segment is expected to grow at highest CAGR in EMI shielding market."
EMI shielding tapes and laminates are the fastest-growing segment in the EMI shielding market due to several key advantages that render them an ideal solution for a wide range of applications. As electronics get smaller and more feature-rich, the need for effective shielding solutions capable of conforming to complex shapes and tight spaces has grown, and EMI shielding tapes and laminates are just right for the requirements. Their ability to easily integrate with a range of components, such as cables, connectors, and circuit boards, continues to fuel their use in the consumer electronics, automotive, telecommunication, and aerospace sectors.
"The Asia Pacific is expected to have highest growth rate in the EMI shielding market."
The Asia-Pacific region expected to see the highest growth in the EMI shielding market, for several critical key factors. The region hosts some of the largest and most influential electronics manufacturers; countries like China, Japan, South Korea, and Taiwan dominate global electronics production markets. Ever-growing telecommunication equipment, consumer electronics, and automotive industries have increased demand for EMI shielding solutions to ensure electromagnetic compatibility of these devices. Asia-Pacific also experiences a growing trend in smart cities and automation, thereby boosting the demand for EMI shielding.
Parker Hannifin Corp (US), PPG Industries Inc (US), 3M (US), Henkel AG & CO. KGAA (Germany), Laird Technologies, Inc. (US), Leader Tech Inc.(US), MG Chemicals (Canada), Nolato AB (Sweden), Tech Etch, Inc. (US), RTP Company (US), are some of the key players in the EMI shielding market.
The study includes an in-depth competitive analysis of these key players in the EMI shielding market, with their company profiles, recent developments, and key market strategies.
Research Coverage
This research report categorizes the EMI shielding market by type (Narrowband EMI, Broadband EMI), by method (Radiation, Conduction), by materials (Conductive Coatings & Paints, Conductive Polymers (Conductive Elastomers (Silicone and Flurosilicone, EPDM), Conductive Plastics), Metal Shielding, EMI Filters (By Load Type (AC (Single Phase, Three Phase), DC), By Insertion Loss(Differential Mode, Common Mode)) , EMI Shielding Tapes & Laminates), by frequency (Below 100 MHz, Above 100 MHz), by industry (Consumer Electronics, Telecommunications, Automotive, Healthcare, Aerospace, Energy & Power, Industrial, Transportation) and by region (North America, Europe, Asia Pacific, and RoW). The report's scope covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the EMI shielding market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements, new product & service launches, mergers and acquisitions; and recent developments associated with the EMI shielding market. This report covers the competitive analysis of upcoming startups in the EMI shielding market ecosystem.
Reasons to buy this report
The report will help market leaders and new entrants with information on the closest approximations of the revenue numbers for the overall EMI shielding market and its subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.