EMI Shielding Market Outlook, Size, Share, Trends by 2030

[Research Report] The EMI shielding market size is anticipated to grow from US$ 8.29 billion in 2022 to US$ 14.34 billion by 2031; it is projected to grow at a CAGR of 7.1% from 2022 to 2031.

EMI Shielding Market

Analyst Perspective:

Electronic devices are becoming increasingly compact, with greater functionality contained in smaller volumes. Researchers are focusing on mounting integrated circuits (ICs) and other components, such as antennas, closer together, even within the same semiconductor package. Such proximity renders conventional board-level shielding of electromagnetic interference (EMI) with metal enclosures inadequate. Hence, they are being replaced with package-level shielding, with metallic coatings applied directly to semiconductor packages. Conformal package-level shielding is necessitated for consumer devices, including smartphones, smartwatches, and augmented reality (AR)/ virtual reality (VR) headsets. At present, sputtering is the most favored method of creating conformal shields in the EMI shielding market. The deposition process involves firing ions at a metallic 'sputtering target' in a vacuum chamber to produce nanoscale metal particles. These particles coat the package surface and act as a barrier to EMI. While the capital equipment is expensive, the metallic sputtering targets are cost-effective, with many providers having existing systems installed. Up to 120 dB is deemed to be an exceptional protection rating, and 60-90 dB is considered high protection. In comparison, anything below 30 dB is considered the lowest effective rating for EMI or RFI shielding. Attenuation levels for the EMI shield can also be determined, although the testing procedure is complex.

Emerging methods such as spray coating and printing are gaining traction and have been covered in the EMI shielding market analysis. These methods offer much lower equipment costs as no vacuum chamber is required. They additionally offer extra benefits such as reduced variation in package top and side coating thickness and fewer process steps. Hence, researchers are focusing on developing EMI-shielded composites using the above-discussed emerging methods. EMI-shielded composites are required in a host of applications, including battery enclosures for automotive and aerospace, wherein EMI could interfere with the operation of the aircraft, device, or vehicle, eventually compromising security and control. Innovative, conductive, nonwoven materials that provide a solution to such challenges are being designed. They possess a combination of properties that make them highly flexible, infusible, lightweight, and an effective EMI shield. Such a combination provides them an advantage over traditional substrates such as films, foils, and paints since it allows them to overcome challenges in both application and process. The EMI shielding market forecast accounts for all such upcoming methods and applications.

EMI Shielding Market

Overview:

EMI is the disruption of signal from one source by another source's signal. Interference over radio frequencies is the most prevalent type in the electromagnetic spectrum. Energy radiated by circuits, lamps, lighting, power lines, and even engines and motors causes this interference. EMI can be classified into broadband EMI and narrow-band EMI. Broadband EMI appears over a broader spectrum as it uses a large part of the electromagnetic spectrum and can be observed when a device with a digital link is used. Narrow-band EMI is prevalent in mobile phones, radios, and TV stations because it occurs over a discrete frequency. The proliferation of communication systems and electronic devices has led to an extraordinary rise in electromagnetic radiation. While such advancement has revolutionized various industries and enabled seamless connectivity, it has also led to heightened concerns pertaining to potential health risks and interference with sensitive electronic equipment. Electromagnetic shielding is thus a critical technology to safeguard against unwanted EMI.

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EMI Shielding Market: Strategic Insights

EMI Shielding Market

• Market Size 2023
  US$ 8.88 Billion
• Market Size 2031
  US$ 15.37 Billion

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Material

• Conductive Coatings & Paints
• Conductive Polymers
• Laminates
• Metals

Method

• Conduction and Radiation

and End User

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

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EMI Shielding Market

Driver:

Rising Adoption of Industry 4.0 to Drive EMI Shielding Market Growth.

Industry 4.0 is often denoted as the Fourth Industrial Revolution or 4IR. It is strongly promoting the digitization of the manufacturing sector, driven by disruptive trends, including the rise of data and connectivity, analytics, human-machine interaction, and improvements in robotics. The smart factories of Industry 4.0 are equipped with advanced sensors, robotics, and embedded software that collect and analyze data, enabling better decision-making. Increased advantages can be obtained by combining data from production with operational data from enterprise resource planning (ERP), customer service, supply chain, and other enterprise-wide systems to create better visibility and insights. Such advantages have led to the creation of demand for a wide range of industrial electronic devices. Such novel applications are driving the EMI shielding market growth globally.

EMI Shielding Market

Segmental Analysis:

The global EMI shielding market report is segmented on the basis of material, method, and end user. Based on material, the market is segmented into conductive coatings & paints, conductive polymers, laminates, metals, and others. By method, the market is bifurcated into conduction and radiation. Based on end user, the market is segmented into aerospace & defense, automotive, consumer electronics, healthcare, IT & telecom, and others. By geography, the market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM).

The EMI shielding market report has been segmented on the basis of material into conductive coatings & paints, conductive polymers, laminates, metals, and others. Conductive coatings & paints acquired the largest EMI shielding market share in 2022 and is expected to continue their domination throughout the forecast period. However, the conductive polymers segment is anticipated to witness a faster growth rate, buoyed by the rising research on developing advanced solutions and increasing the cost-effectiveness of such solutions.

EMI Shielding Market

Regional Analysis:

North America held a substantial EMI shielding market share in 2022. The region has a high penetration of advanced electronics and a high number of market players. Additionally, the region is a pioneer in the research and development of such advanced electronics. Additionally, the US and Canada have been witnessing a significant rise in the number of verticals adopting Industry 4.0 solutions. Industry 4.0 allows for the analysis of big data collected from the sensors on the factory floor. It thus enables real-time visibility of plant assets and can provide tools for the execution of predictive maintenance in order to minimize equipment downtime. Such benefits are a prime factor for the rising adoption of various Industry 4.0 solutions. With the miniaturization of electronic components and decreasing gaps between the semiconductors on a chip, EMI shielding are increasingly being sought for the advanced electronic components that are enabling Industry 4.0. Such applications are a strong driver of North America’s EMI shielding market in the region.

EMI Shielding Market

Key Player Analysis:

3M Company, DuPont de Nemours Inc, HEICO Corporation, Henkel AG & Co KGaA, MG Chemicals, Nolato AB, PPG Industries Inc, RTP Company, Schaffner Holding AG, and Tech Etch Inc are some of the key players profiled while estimating the EMI shielding market. The market is moderately fragmented, with several small solution providers from the APAC region entering the market after receiving government aid or private funding for research. Various other players are introducing new product offerings to expand their market share. Numerous other important players were also analyzed during this market research to get a holistic view of the global EMI shielding market trends. The leading players focus on feature upgrades, expansion and diversification, collaboration, and acquisition strategies, which enable them to grab new business opportunities.

EMI Shielding Market

Recent Developments:

Companies in the EMI shielding market adopt several inorganic and organic strategies, such as product innovation and partnership. 3M Company, DuPont de Nemours, HEICO Corporation, Henkel AG & Co KGaA, and PPG Industries Inc are key players. With the strong growth in demand for EMI shielding, numerous companies have established partnerships to expand their offerings. A few recent key EMI shielding market developments are listed below:

• January 2024 – Parker Hannifin’s Chomerics Division introduced two new versions of its leading SOFT-SHIELD 4850 multi-planar electrically conductive foam EMI shielding gasket for high-temperature environments and high-volume industrial applications. The new products SOFT-SHIELD 4840 and SOFT-SHIELD 4860 were launched for high-volume grounding and EMI shielding gaskets of high-temperature systems, respectively.
• June 2023 – Toyochem created a series of flexible insulating and conductive sheet films, branded Liotelant, for the protection of electronic and electrical equipment. As per the company, the films can be hot-press molded onto the EMI source on the printed circuit board. The process forms a lightweight multi-layer shield, which is expected to be more compact than metal shielding.
• October 2021 – Nanotech Energy Inc launched Nanotech EMI Armour Paint & Sheets, graphene-powered coatings and films for EMI and radio frequency interference (RFI) shielding, as well as heat management. The company’s EMI shielding product line is based on Nanotech Energy’s premium graphene technology. The EMI shielding line contained six highly conductive products, which prevented internal EMI/RFI leaks and also provided excellent external EMI/RFI protection. The product line-up can be brushed, sprayed, rolled, or dip-coated onto various surfaces, such as plastic, glass, and metal – depending on the specific product used. In addition, the company’s EMI shielding products are capable of dissipating the heat away from sensitive electronic devices, allowing the regulation of their temperature and preventing the thermal shutdown of modern electronics.

EMI Shielding Market Report Scope