EMI Shielding Market size is poised to cross USD 16 Billion by the end of 2035, growing at a CAGR of 6% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of EMI shielding was over USD 7 Billion. The growth of the market can be attributed to the major expansion of the manufacturing industry worldwide. Manufacturers 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. For instance, recent reports calculated that in 2022, the manufacturing industry of the United States region generated an amount of approximately USD 6 trillion. In addition, the notably increasing electromagnetic pollution as of digitalization, followed by the worldwide rising adoption of electric vehicles are also projected to propel the growth of the global EMI shielding market over the forecast period.
In addition to these, factors that are believed to fuel the market growth of EMI shielding include the surging ratio of manufacturers who are tapping into the manufacturing industry to provide a protective shield in products to prevent them from electromagnetic waves. The benefits and characteristics of electromagnetic interference shielding have prompted its adoption rate. Thus, an increase in the proportion of enterprises in the manufacturing industry is expected to bolster the sales of EMI shielding in the assessment period. For instance, in 2022, it was calculated that the number of manufacturing businesses counted around 638,590 in the U.S. Moreover, increasing demand for consumer electronics, along with the advancement in telecommunication are some added factors that are anticipated to fuel the market growth throughout the forecast period.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
6% |
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Base Year Market Size (2022) |
USD 7 Billion |
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Forecast Year Market Size (2035) |
USD 16 Billion |
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Regional Scope |
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The global 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 five segments, the automotive segment is expected to garner the largest market share over the projected time frame. The growth of the segment can be attributed to the rise in demand for the production of vehicles across the world, as the implementation of EMI shielding has radically surged in remote starters, automatic sliding doors, and power seats in automotive. 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. Besides this, the growing adoption and demand for electric vehicles are also estimated to accelerate the segment growth further over the projected time frame.
The global EMI shielding market is also segmented and analyzed for demand and supply by material into tapes & laminates, conductive coatings & paints, metal shielding, conductive polymers, and EMI filters. Amongst these segments, the conductive coatings & paints segment is expected to garner a significant share during the forecast period. The growth of the segment can be attributed to the growing ratio of smart coatings in several industries for cleaning and healing objectives. Moreover, the reduced inspection time, fewer equipment errors, and cost-effectiveness of conductive coatings & paints are some further factors that are anticipated to boost the growth of the segment throughout the forecast period.
Our in-depth analysis of the global EMI shielding market includes the following segments:
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By Material |
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By Method |
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By Application |
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Asia Pacific Market Forecast
The Asia Pacific EMI shielding market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed majorly to the huge proportion of facilities that are producing automobiles in the region. Furthermore, the increased demand and production of automobiles in the region are also expected to generate large revenue for the market in the region. As per the International Organization of Motor Vehicles, the total production of vehicles in the APAC region was 46,732,785 units in 2021, a rise from 44,276,549 units in 2020. Similarly, the total sales in the region were 42,663,736 units in 2021, a rise from 40,322,544 in 2020. In addition to this, the high consumption of chemicals is another significant growth driver of the EMI shielding market size in the region throughout the projected time frame. For instance, as of 2020, the chemical industry of the Asia Pacific region contributed to around 60% of the revenues generated by the global chemical industry.
North America Market Forecast
Furthermore, the North American EMI shielding market is also estimated to display notable market growth by the end of 2035. The growth of the market can be attributed to the presence of well-established semiconductor and electronics industries, along with the substantial investment in research and development activities in the region. For instance, Semiconductor manufacturing organizations in the United States invested around one-fifth of yearly revenue in R&D activities, totaling a record around USD 51 billion in 2021. Moreover, dynamically rising demand for consumer electronics products, as well as increasing penetration of 5G technology is also anticipated to contribute to the market growth in the region over the projected time frame.
The Dow Chemical Company launched DOWSIL EC-6601 Electrically Conductive Adhesive, a next-generation flexible silicone adhesive with electrical conductivity. With exceptional mechanical and conductive properties coupled with superior EMI shielding, this adhesive has broad applications in transportation, communications, and consumer applications.
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.
Author Credits: Abhishek Verma, Hetal Singh
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