Electromagnetic Interference (Emi) Shielding Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, Germany, South Korea - Size and Forecast 2024-2028

Electromagnetic Interference (EMI) Shielding Market Size 2024-2028

The electromagnetic interference (EMI) shielding market size is forecast to increase by USD 3.53 billion, at a CAGR of 7.27% between 2023 and 2028. The market's expansion hinges on multiple factors, including the escalating global electronics production, the widespread adoption of smart manufacturing, and the rising need for EMI shielding across various end-user industries. The continuous growth in electronics production on a global scale provides a significant impetus, while the pervasive adoption of smart manufacturing techniques fuels further market expansion. Moreover, the increasing demand for EMI protection solutions from various industries adds to the market's growth trajectory. These trends reflect a dynamic landscape where technological advancements and industry demands intersect, creating opportunities for innovation and market development in the realm of electronics production and related sectors. It also includes an in-depth analysis of market trends and analysis, market growth analysis and challenges. Furthermore, the market research and growth report includes historic market data from 2018 - 2022.

What will be the Size of the Market During the Forecast Period?

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Market Dynamics and Customer Landscape

The market is primarily driven by the rapid industrialization across various sectors such as consumer electronics, the automotive industry, and the telecom industry. The advent of 5G technology has further fueled the demand for Electromagnetic Interference (EMI) shielding, especially in Smartphones, Wearables, and tablets. However, challenges such as operational inefficiencies and safety hazards due to EMI remain prevalent. Additionally, the continuous digitization and integration of Electronic components like Advanced driver-assistance systems (ADAS) and Engine control units (ECUs) pose ongoing challenges in maintaining signal quality and network performance. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

Growing demand for EMI shielding among end-user industries is the key factor driving the growth of the market. The integration of human-machine interfaces, such as gesture recognition, facial recognition, and speech recognition, leads to complexity in the design, manufacture, packaging, and testing of electronic components. integrated in-vehicle components. EMI protection has become an integral part of these complex components to protect them from EMI. Developments in the form of advanced driver assistance systems(ADAS), telecommunications, digital cockpits, autonomous vehicles, vehicle-to-vehicle communication, and electric vehicles are, among other things, making a significant contribution to the increasing amount of electronic content in modern automobiles.

Furthermore, smartphones are the main revenue contributor to the consumer electronics industry. Globally, the smartphone market is maturing and market players are focusing on introducing innovative features and technologies into their products. These features include the development of highly functional electronic components integrated into the PCB. The electronic components of these PCBs are separated by an EMI shield to reduce the impact of EMI. Hence, such factors are leading to the demand for EMI protection to protect against external interference in this equipment, in turn, boosting the growth of the market during the forecast period. 

Significant Market Trends

Growing demand for package-level EMI shielding is the primary trend in the market. Package-level EMI protection provides reliable shielding and bonding performance under stressful electronic conditions and environments that arise from the abundance of PCBs in modern electronics. The growing demand for additional features and improved performance from customers leads to the very complex manufacturing of PCBs. This is creating a demand for reliable EMI protection solutions, which is driving the transition to packet-level EMI shielding.

Furthermore, Henkel is one of the leading market players that offer package-level EMI protection. The company offers matching protection and separation materials, providing the inner shielding of each component and the outer shielding from package to package. The adoption of EMI shielding at the package level is expected to increase which is boost the growth of the market during the forecast period.

Major Market Challenge

Threat from Chinese low-cost EMI shielding products is the challenge that affects the growth of the market. The international electromagnetic interference shielding market players face challenges as the cost of Chinese electromagnetic shielding products is only about one-fifth of the price set by international players. Furthermore, international suppliers must include advanced technologies and materials to comply with the stringent regulations of the mature economy of the market. In addition, they need to adapt to emerging low-cost economic markets by adapting their business models, technology, and product portfolios. Chinese manufacturers also receive encouraging support from the government, which helps them to establish a low-cost market.

As a result, it is difficult for international electromagnetic interference shielding market players to effectively compete with their Chinese rivals in terms of product costs, especially in emerging economies. As emerging economies are expected to lead the adoption of electromagnetic protection products in the future, it is difficult for the international market players to compete with cost-effective products offered by Chinese companies and effectively convey the benefits in terms of the efficiency of their high-quality EMI shielding products to customers. Thus, such initiations and changes are creating a threat that will impede the growth of the market during the forecast period.

Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.

Market Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

3M Co.: The company offers a wide range of EMI shielding, such as EMI shielding fabric tape and copper foil EMI shielding tape, among others.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

• Changzhou Pioneer Electronic Co. Ltd.
• Cybershield Inc.
• DuPont de Nemours Inc.
• EDOGAWA GOSEI CO. LTD.
• EIS Legacy LLC
• ESCO Technologies Inc.
• HEICO Corp.
• Henkel AG and Co. KGaA
• Integrated Polymer Solutions
• LG Chem Ltd.
• MAJR Products Corp.
• Miller Waste Mills Inc.
• NITTO KOGYO CORP.
• Nolato AB
• Omega Shielding Products
• Parker Hannifin Corp.
• PPG Industries Inc.
• Schaffner Group
• Tech Etch Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Segmentation 

The market is a crucial component of various industries, such as industrialization, consumer electronics, the automotive industry, and the telecom industry. As these sectors experience rapid expansion and digitization, the electromagnetic environment becomes increasingly complex, leading to electromagnetic interference (EMI). This interference poses operational inefficiencies and safety hazards to sensitive electronic components and electrical and electronic systems. The advent of 5G technology has further intensified the need for Electromagnetic Interference (EMI) shielding solutions, especially in the telecommunication services space. The demand for high signal quality and network performance has driven the integration of EMI shielding materials in Smartphones, Wearables, Tablets, and Wireless communication modules. Moreover, with the proliferation of Electronic components like Advanced driver-assistance systems (ADAS), Engine control units (ECUs), Anti-lock braking systems (ABS), and Bluetooth devices, the importance of EMI shielding in ensuring reliable operation and interference-free communication has grown significantly.

The conduction segment is estimated to witness significant growth during the forecast period. The method of noise being transmitted from source to receiver along a direct route is known as conducted EMI. This method requires a physical path to transfer electromagnetic emissions to the connected device.

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The conduction segment was the largest segment and was valued at USD 4.43 billion in 2018. Common paths for conductive emissions include power cables and electrical interconnection wires. The most common sources of electromagnetic transmission methods include radar systems, electric motors, switching power supplies, and power transmission lines. Thus, rising demand for the mentioned applications is driving the conduction segment of the market during the forecast period. 

Regional Analysis

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APAC is estimated to contribute 48% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC includes countries such as China, Japan, India, Indonesia, and South Korea, making it one of the world's largest electronics manufacturers. China leads in demand for electromagnetic interference shielding as it dominates global electronics manufacturing. The growing demand for electronic products in emerging economies is an important factor for the growing investments of electronic manufacturing service providers.

Moreover, due to the strong growth of electronics manufacturing and the presence of electronic manufacturing services in the region, the demand for electromagnetic interference protection products in APAC is expected to continue to exceed those of other developed regions such as North America and Europe. Furthermore, the potential for economic growth in emerging countries, such as China and India, is expected to drive opportunities for market players. Economic growth will attract investment from global electronics manufacturers to these countries. Therefore, APAC is expected to maintain its strong dominance in the market during the forecast period. 

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.

• Method Outlook 
  • Conduction
  • Radiation

• End-user Outlook 
  • Automotive
  • Consumer electronics
  • Aerospace and defense
  • Healthcare
  • IT and telecom

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile 
    • Brazil 
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

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Market Analyst Overview:

The market is witnessing substantial growth driven by the rapid evolution of electronic devices and telecommunications technologies. With the transition from 4G to 5G networks and the proliferation of wireless technologies like Wi-Fi and Bluetooth, the demand for efficient EMI shielding solutions has surged. Industries such as aerospace, automotive, healthcare, and telecommunications are investing in 4G and 5G networks, advanced shielding materials, and techniques to ensure accurate readings, data integrity, and patient safety in medical devices and patient monitoring systems.

Moreover, the market ecosystem encompasses a range of solutions, including conductive coatings, metal shielding enclosures, and conductive polymers, designed to mitigate external electromagnetic interference and improve network performance. As industries increasingly adopt innovative electronics and digital healthcare solutions, the need for effective EMI shielding materials with high electrical conductivity and mechanical properties is paramount. Small- and medium-sized enterprises (SMEs) are also contributing significantly to the market growth by developing cost-effective shielding solutions for consumer electronics, automotive electronics, and telecommunications networks. The integration of EMI shielding into electronic systems, such as GPS devices, CT scanners, and MRI machines, is enhancing functionality and reducing operational inefficiencies caused by unwanted electromagnetic interference.

Furthermore, the market is experiencing significant growth, driven by the rapid advancements in the telecom industry, especially with the emergence of 5G technology. As telecommunication & IT (5G) networks expand and evolve, the demand for effective EMI shielding solutions in the telecommunications sector is on the rise. One of the key focuses of the market is providing surface shielding solutions for electronic devices like tablets, wearables, and wireless communication modules. These devices are susceptible to unwanted electromagnetic interference (EMI), which can affect their functionality and reliability. As a result, manufacturers are increasingly integrating EMI shielding materials into these devices to ensure the integrity of wireless signals and vital signs monitoring in telemedicine applications.

Market Scope

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market report during the forecast period
• Detailed information on market analysis and report on factors that will drive the growth of the market between 2024 and 2028
• Precise estimation of the market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market  across APAC, North America, Europe, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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