The global EMI Shielding Market size is expected to reach USD 9.37 Billion at a revenue CAGR of 4.8% in 2030, according to latest analysis by Emergen Research. Market revenue growth is attributed to rising demand for a wide range of advanced and smart consumer electronics and appliances, ongoing pilot projects and field trials to test the viability of 5G technology, and rising electromagnetic pollution. For instance, on 22 January 2020, Toyo Ink Group developed a new product “LIOELM™ TSS510-HF”, which is a flexible EMI shielding film designed to meet the demands for 5G flexible printed circuits (FPCs). This new product is capable of improving the shield performance of high-frequency transmission signals with increased flexibility.
Military and aerospace electronics, medical devices and equipment, industrial equipment touch displays, consumer electronics and appliances, navigation and vehicle control and guidance systems, mass transport systems, and others can all be affected by Electromagnetic Interference (EMI). EMI can cause momentary disruption, data loss, and essential system failure. The worldwide EMI shielding business is increasing, with a rise in number of small, medium, and large scale organizations.
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Key Players Profiled in the Report are:
Laird, Parker Hannifin Corp., Omega Shielding Products, Schaffner Holding AG, HEICO Corporation, Tech Etch, Inc., Marktek, Inc., RTP Company, ETS-Lindgren, 3M, Nanotech Energy, and Electrolube.
Another factor encouraging electronic product manufacturers to use conductive coatings and paints that offer advanced EMI shielding for non-metallic surfaces and plastics in telecommunication devices and equipment, smartphones and connected devices, consumer electronics, medical and military devices, and others is the increased implementation of government policies to reduce electromagnetic radiations in the environment. Rapidly expanding use of devices connected to Wi-Fi and cellular networks across the globe is expected to drive developments in EMI shielding technologies and solutions, as well as significantly assist the revenue growth of the global EMI shielding market.
Some Key Highlights in the Report
On 8 October 2020, Nanotech Energy Inc. launched Nanotech EMI Armour Paint & Sheets that are used for Electromagnetic Interference (EMI) and radio Frequency Interference (RFI) shielding, as well as heat management. The new product series consists of six products providing excellent external EMI protection.
The conductive coatings and paints segment accounted for a significant revenue share in 2021. This can be attributed to an increase in number of smart coatings across various industries for healing and cleaning purposes. Furthermore, reduction in maintenance costs, inspection time, and equipment errors are some of the major factors driving the revenue growth of the segment. Apart from this, architects and engineers are utilizing various materials such as aluminum, steel, glass, and others for providing more appealing structures to the objects. For instance, on 29 January 2021, Choksey Chemicals Pvt. expanded its product portfolio to agricultural, thermal insulation, and other conductive coatings in collaboration with Nippon Paint Pvt. Ltd.
Automotive segment is expected to register the fastest revenue CAGR during the forecast period owing to rising demand for magnesium-based EMI shield coatings that are extremely reactive and susceptible to natural deterioration. Also, these techniques involve either directly doping inhibitors into the coating or incorporating them within small containers that are uniformly distributed within the EMI layer, allowing the shield to self-heal damages and protect automotive parts such as lock parts, doors, and engine components from corrosion without the use of external interference. For instance, on 19 June 2020, BASF SE and Guangzhou Automobile Group New Energy Co. Ltd. signed a partnership to develop new automotive coatings. This is expected to enhance the data analysis and decision-making capability of GACNE’s paint and coatings to improvise its overall quality and efficiency.
Market in North America accounted for a largest revenue share in 2021 owing to the fact that the electronics and semiconductor industries are already well-established and resilient. The enormous customer base of electronic devices and presence of large population that can purchase these tech items are propelling market expansion. The U.S. accounts for over half of global semiconductor sales that is expected to sustain its supremacy during the forecast period. Besides that, the rising application of protective materials by the U.S. military for enhanced combat weapon protection, reducing life-cycle costs, and enhancing readiness, i.e. reducing equipment downtime to minimize logistics burden of soldiers, is expected to drive revenue growth of the market during the forecast period.
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Emergen Research has segmented the global EMI shielding market based on material type, method, end-use, and region:
Material Type Outlook (Revenue, USD Billion; 2019-2030)
EMI Shielding Tapes & Laminates
Conductive Coatings and Paints
Metal Shielding Products
Conductive Polymers
EMI Filters
Others
Methods Outlook (Revenue, USD Billion; 2019-2030)
Radiation
Conduction
End-Use Outlook (Revenue, USD Billion; 2019-2030)
Consumer Electronics
Telecom and IT
Automotive
Healthcare
Defense and Aerospace
Others
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Regional Outlook (Revenue, USD Billion; 2019–2030)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Spain
Sweden
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Israel
Rest of MEA
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Key Questions Answered in the Report:
What is the growth rate of the EMI Shielding market? What is the anticipated market valuation of EMI Shielding industry by 2030?
What are the key growth driving and restraining factors of the EMI Shielding market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the EMI Shielding industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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