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ELECTRONICS & SMART DEVICES

EMI Shielding Market Analysis by Material (Tapes & Laminates, Conductive Coatings & Paints, Metal Shielding, Conductive Polymers, and EMI Filters); by Method (Radiation, and Conduction); and by Application (Automotive, Defense & Aerospace, Healthcare, Telecom & IT, and Consumer Electronics) – Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • September, 2022: 3M has announced its split from its food safety business and the successful acquisition of Garden SpinCo Corporation.

  • July, 2022: Parker Hannifin Corporation has joined forces with Eviation Aircraft to develop six technology system packages for Alice, the first-of-its-kind all-electric commuter aircraft.

Global EMI Shielding Market Size, Forecast, and Trend Highlights Over 2022 - 2031

EMI Shielding Market Regional Table

The global EMI shielding market is estimated to garner a revenue of ~USD 10 billion by the end of 2031 by growing at a CAGR of ~5% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of ~USD 6 billion in the year 2021. The primary growth of the EMI shielding market is the expansion of manufacturing industry worldwide. Manufactures are extensively using EMI shielding for conductive coatings in various products such as smartphones and military devices which is projected to bring lucrative opportunities in the market growth. The recent reports calculated that in 2022, the manufacturing industry of the United States region generated an amount of approximately USD 6 trillion.

EMI Shielding Market Regional Overview

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EMI shielding manufacturers are tapping in the manufacturing industry to provide a protective shield in the products. The benefits and characteristics of EMI shielding has prompted its adoption rate. Thus, an increase in the enterprises in manufacturing industry is expected to bolster the sales of EMI shielding in the assessment period. In 2022, it was calculated that the number of manufacturing businesses counted to 638,590 in the U.S.

Market Definition:

Electromagnetic interface (EMI) shielding is a process that is used for absorption the electromagnetic radiation by being positioned in the middle of electromagnetic fields. This technique of creating a barrier that prevents leakage of a strong electromagnetic field interferes with sensitive devices and signals and help in increasing the durability of most electronics along with enhancing performance of the circuit.

Global EMI Shielding Market: Growth Drivers and Challenges

Growth Drivers

  • Growth in the Automotive Industry – EMI shielding technology is being heavily used in automotive industry to enhance the user experience. Automatic sliding doors, keyless ignition, remote starters, power seats and power windows are being enabled due to EMI shielding. Thus, the rise in automotive industry is expected to fuel the EMI shielding market growth. India is all set to possess the 3rd largest automotive sector in the world, with a revenue generation of 200 billion dollars by 2031.

  • Rise in the Electronics Industry – Due to rise in production of electronics across different spectrums such as aerospace, automotive, telecom & IT, healthcare and other consumer electronics, the utilization of EMI shielding is anticipated to rise considerably in order to prevent the electronics from malfunctioning. The revenue generated by the U.S. electronics industry in 2019 stood up at USD 300 billion.

  • Increased Focus on Expanding Telecom Services – The increase demand for steady and stable telecom services by emergency responders, police personnel, and hospital workers is considered to be a growth driver for increased adoption rate of EMI shielding. Thus, the high spending in telecom services is projected to expand the EMI shielding market size. In 2020, approximately, USD 1,550 billion were spent across the world in telecom services.

  • Rise in Expenditure on Research and Development Activities – The data shared by the World Bank revealed that 2.63% of the total Gross Domestic Product (GDP) expenditure was made in 2020, an increment from 2018 with only 2.2% of the total expenditure.

Challenges

  • High Costs of EMI shielding
  • Additional Expenses Incurred in Production Process
  • Miniaturization of Electronic Devices

The EMI shielding market is segmented and analyzed for demand and supply by application into automotive, defense & aerospace, healthcare, telecom & IT, and consumer electronics. Out of these, automotive segment is expected to garner the largest market share owing to the rise in demand for production vehicles across the world. As per the Organization of Motor Vehicle Manufacturers, the global production of vehicles was 80,145,988 units in 2021. This is a rise from 77,711,725 units in 2020.

Major Macro-Economic Indicators Impacting the Market Growth

EMI Shielding Market Regiona

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global EMI Shielding Market Regional Synopsis

Regionally, the global EMI shielding market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these, the market in Asia Pacific is projected to hold the largest market share by the end of 2031, owing to huge facilities producing automobiles. Also, the increased demand and production of automobiles in the region is expected to generate large revenue for the market. As per the International Organization of Motor Vehicles, the total production of vehicles in the region was 46,732,785 units in 2021, a rise from 44,276,549 units in 2020. Similarly, the total sales in the region was 42,663,736 units in 2021, a rise from 40,322,544 in 2020.  Also, the high consumption of chemicals is an another growth driver of the EMI shielding market in the forecast period. As of 2020, the chemical industry of Asia Pacific region contributed to at least 60% of the revenues generated by global chemical industry.

EMI Shielding Market Regional Synopsis

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The global EMI shielding market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global EMI shielding market includes the following segments:

By Material

  • Tapes & Laminates
  • Conductive Coatings & Paints
  • Metal Shielding
  • Conductive Polymers
  • EMI Filters

By Method

  • Radiation
  • Conduction

By Application

  • Automotive
  • Defense & Aerospace
  • Healthcare
  • Telecom & IT
  • Consumer Electronics

Top Featured Companies Dominating the Global EMI Shielding Market

  • 3M

    • Company Overview

    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Parker-Hannifin Corporation
  • The Dow Chemical Company
  • ETS-Lindgren Inc.
  • Henkel AG & Co. KGaA
  • KITAGAWA INDUSTRIES America, Inc.
  • Laird Performance Materials (DuPont de Nemours, Inc.)
  • LEADER TECH INC.
  • PPG Industries, Inc.
  • RTP Company

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