EMI Shielding Market Size, Share & Trends Analysis Report By Material (EMC/EMI Filters, Conductive Polymers, Metal Shielding Product), By Industry (Healthcare, Automotive), By Region, And Segment Forecasts, 2023 - 2030

EMI Shielding Market Size & Trends

The global EMI shielding market size was estimated at USD 6.8 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 5.5% from 2023 to 2030. The rapid progress in the 5G technology sector, along with the fast-expanding digitization on account of the increasing need for improved services and solutions in major industries is a major market driver. Electromagnetic Interference (EMI) shielding involves a protective mechanism that is utilized in electrical and electronic systems to avert EMI from impacting the performance of sensitive electronic components or causing disruption to nearby electronic devices. The presence of EMI in the telecommunication services space can harm signal quality, thus degrading network performance.

It further increases network latency by delaying signal transmission and reception. EMI shielding makes use of materials and designing techniques electromagnetic radiations can be contained or blocked, as well as preventing them from entering or escaping specific components or areas. The global market is witnessing a substantial increase in demand due to the product's application in industries, including automotive, telecommunication & IT (5G), and consumer electronics. Aerospace Industries Association, noted the rise in revenue of the aerospace & defense industry in the U.S. It is USD 892 billion in 2022 witnessing an increase of 2.1% compared to 2021.

As technology continues progressing, electronic systems continue to become more sensitive and complex. This growth in sensitivity increases device susceptibility to EMI. Moreover, high frequency wavelengths in the 5G spectrum make such electronic devices vulnerable to this frequency range. Hence it is required to protect these sensitive electronic devices from EMI to maintain their reliability. The ongoing trend of automation, digitization, Internet of Things (IoT) has been increasing the adoption of digital devices at a much faster pace. Furthermore, consumer electronics products, such as tablets, smartphones, and wearables are experiencing high demand.

For their proper functioning, these devices require proper protection from EMI and are required to meet strict electromagnetic compatibility standards (EMC). Thereby, increasing the demand for EMI shielding solutions. Medical equipment, such as MRI, CT scanners, and medical implants (pacemakers), need EMI shielding to maintain device functionality and patient safety. As per the Canadian Institute, Canada's healthcare spending grew to USD 331.0 billion in 2022 from USD 328.0 billion in 2021. This increase is expected to drive demand for EMI shielding for improving product reliability.

Material Insights

The conductive coatings & paints segment led the market and accounted for a share of 32.6% of the global revenue in 2022. This EMI shielding method offers a conductive surface that can selectively reflect or resist electromagnetic radiations. It helps to protect the sensitive electronic components and devices from interference. It is used in surface shielding solutions, sealing & gasketing. Conductive polymers are materials that can showcase mechanical properties akin to polymers, as well as electrical conductivity like metals. They are lightweight and flexible, which makes them suitable for applications where traditional metal shields cannot be used due to weight limitations.

Moreover, they convert EMI into heat energy through a reduction in EMI intensity. Metal shielding enclosures are usually deployed to carry electronic devices and components. They are manufactured from galvanized steel, aluminum, and stainless steel, which help create a Faraday cage effect to prevent EMI from penetrating electrical components. They also shield internal interference from escaping. EMC (Electromagnetic Compatibility) and EMI filters are integral market components, contributing substantially to ensure reliable and interference-free operation of electronic systems and devices. They are designed to prevent EMI from either entering or exiting electronic equipment.

Industry Insights

Consumer electronics, such as smartphones, wearables, and tablets, contain various electronic components and wireless communication modules. These modules work at different frequencies. Without proper EMI shielding, these components can interfere with each other, leading to degradation in signal, call dropping, and reduced data transfer rates. Thus, for improving product reliability, EMI shielding is utilized extensively in consumer electronics items. In the automotive industry, several system-critical components, including advanced driver-assistance systems (ADAS), Engine control units (ECUs), and anti-lock braking systems (ABS) house electronic components. Other components, such as Bluetooth, GPS, and Wi-Fi, are needed for operating seamlessly and without interference. Failure of electronic components and devices can easily cause a catastrophic mishap.

Telecommunications networks, including 4G, and 5G are wireless technologies working in a particular spectrum of frequencies. They require reliable transmission of wireless signals. EMI shielding is essential to prevent interference from external interferences, ensuring the quality of wireless communications. Healthcare devices consist of patient monitoring devices, such as pulse oximeters and blood glucose meters. These patient monitoring devices use a range of electronic components to track the patient’s vital signs. Hence it is important to maintain their reliability and effectiveness, thereby preventing interference with external electromagnetic interference so that the system can give proper accurate readings.

Regional Insights

North America is a highly technologically advanced region in the world, owing to R&D activities in the areas of space exploration, healthcare, and defense equipment. The U.S. has the world's highest defense budget. The North American healthcare sector is expected to advance due to increasing regional population, and rising disposable income. North America held a significant market share of 26.35% of the global revenue in 2022, with the United States accounting for 82.15% of the regional share. The disposable income, population, and space exploration activities, along with research and development initiatives the healthcare and aerospace sectors in the U.S. are expected to grow in the future. This positive growth is expected to drive the demand for EMI shielding products.

Asia Pacific is the fastest-growing market over the forecast period, due to the existence of several electronics manufacturers in the economies. In addition, rapid industrialization and development in the infrastructure are the two factors driving the market in China. The consumer electronics manufacturer and automotive industries are leading the Asia Pacific region. Also, the demand for telecommunications and Information technology is likely to increase in the coming years. The potential of the region and the low operational cost of the region make it an important factor to drive the market in the Asia Pacific region. Moreover, the surge in demand and manufacturing of EVs and other industrial activities in the region has been driving the market.

Key Companies & Market Share Insights

The manufacturers adopt several strategies, including acquisitions, mergers, joint ventures, new material developments, and geographical expansions, to enhance their market penetration and cater to the changing technological requirements of various end-use industries. Some of the major companies have undertaken measures, such as technological upgrades and material launches, to gain sustainability in the sector. For instance, in August 2023, SCHAFFNER Holding AG extended its product portfolio by offering EMI filtering solutions by launching a new RT-Common mode choke series. This new series is developed for mid-size power range drives. It is frequently used in motor drives and robotics. This initiative is expected to help the company achieve a sustainable market share in the EMI filtering solutions market. Some of the prominent players in the global EMI shielding market include:

• Laird Technologies Inc.

• 3M Company

• Huntsman International LLC

• ETS-Lindgren

• Omega Shielding Products

• RTP Company

• PPG Industries

• Henkel AG & Co. KGaA

• Parker Hannifin Corporation

• Tech-Etch Inc.

• HEICO Corporation

• SCHAFFNER Holding AG

EMI Shielding Market Report Scope

Global EMI Shielding Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global EMI shielding market report on the basis of material, industry, and region:

• Material Outlook (Revenue, USD Billion, 2018 - 2030)

  • Conductive Coatings & Paints

  • Conductive Polymers

  • Metal Shielding Product

  • EMC/EMI Filters

  • Others

• Industry Outlook (Revenue, USD Billion, 2018 - 2030)

  • Consumer Electronics

  • Automotive

  • Telecommunications & Information Technology

  • Healthcare

  • Aerospace

  • Others

• Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE