EMI Shielding Market Size 2024 To 232
- 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 EMI shielding market size.
- Conductive coatings and paints accounts for most of the market share in the material segment due to their ability to be applied to different surfaces and provide effective protection.
- Radiation holds the largest share in the EMI shielding industry, owing to its application in critical industries such as defense and healthcare.
- Consumer electronics represents the leading end-use industry segment, due to the rising complexity of these devices.
- The increasing need for EMI shielding in consumer electronics for smartphones, laptops, and tablets is a primary driver of the EMI shielding market.
- The rapid growth of electric vehicles (EVs) and autonomous cars is reshaping the EMI shielding market.
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Industry Trends and Drivers:
- Increasing Demand for Consumer Electronics:
The rapid growth in the consumer electronics sector is one of the major factors bolstering the market growth.
Moreover, the rising reliance on devices like smartphones, laptops, and tablets that make electromagnetic interference (EMI) a growing concern is fueling the market growth. Along with this, the increasing focus on compact and powerful electronic components, leading to the risk of interference between devices that result in potential disruptions in performance, is fostering the market growth. Along with this, the heightened demand for strong EMI shielding solutions to ensure that devices function smoothly in various environments is boosting the market growth.
- Imposition of Stringent Regulatory Standards:
The imposition of strict government regulations to reduce electromagnetic interference is fueling the market growth.
Moreover, the establishment of various guidelines by regulatory bodies across various regions to limit EMI emissions from electronic devices is anticipated to drive the market growth. Besides this, the heightened need to comply with these regulations for manufacturers to avoid penalties and ensure that their products can be legally sold in different markets is fostering the market growth.
In addition to this, the rising investment by companies in high-quality EMI shielding solutions is supporting the market growth. Additionally, the implementation of stricter standards in industries such as aerospace, defense, and automotive, due to the critical nature of their electronic systems, is stimulating the market growth.
- Growth of Electric Vehicles (EVs) and Autonomous Cars:
The growing demand for EMI shielding in the automotive sector, owing to the rise of electric vehicles (EVs) and autonomous cars, is creating a positive outlook for the market.
Moreover, the rising reliance of modern vehicles on electronic systems for navigation, infotainment, and safety features, which are susceptible to interference from electromagnetic radiation, is fostering the market growth.
Furthermore, the heightened generation of EMI in electric vehicles through powerful electric motors and battery systems, which can disrupt sensitive electronics, is acting as a growth-inducing factor. Besides this, the growing utilization of sensors, cameras, and radar in autonomous vehicles, amplifying the demand for shielding solutions, is boosting 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 as they offer a versatile and cost-effective solution for EMI shielding across various industries.
Breakup By Shielding Method:
- Radiation
- Conduction
Radiation dominates the market as it protects sensitive electronic components from high-frequency electromagnetic waves, which are increasingly prevalent with the rise of advanced technologies.
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 due to the growing proliferation of smartphones, tablets, and other personal electronic devices.
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 key industries such as aerospace, defense, and high-end consumer electronics, strong regulatory frameworks, and technological advancements.
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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