Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.17 Billion | USD 11.61 Billion | 5.5% | 2023 |
The global EMI Shielding market size accrued earnings worth approximately USD 7.17 Billion in 2023 and is predicted to gain revenue of about USD 11.61 Billion by 2032, is set to record a CAGR of nearly 5.5% over the period from 2024 to 2032.
EMI shielding is also known as electromagnetic shielding, which is used to reduce the electromagnetic field in a space by blocking the field with barriers of conductive or magnetic material. It also protects electronic devices from corrosion and oxidation. EMI shielding is widely used for several applications such as consumer electronics, telecom & IT, and various others.
Global EMI shielding market is projected to grow at the fastest pace in the upcoming years owing to the increasing demand from various wireless technologies developments such as GPS and Wi-Fi. Moreover, growing demand for EMI shielding tapes for several purposes such as to seal individual electronic cabinets, cabinet doors, cables, and panels is contributing to the market growth. Additionally, strict EMI regulations and need for protection of users from electromagnetic radiation are estimated to propel the EMI shielding market. Furthermore, rapid enhancement in end-user sectors such as automotive and aerospace & defense is expected to boost the market growth in the upcoming years. However, expensive manufacturing expenses for EMI shielding may hamper the market growth. Furthermore, a sharp rise in demand for electronic systems in automotive sectors is likely to offer ample opportunities for EMI shielding market growth in the forecast period.
The study also includes the market share of the key participants operating in the EMI shielding market across the globe. Besides, the report covers the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations, and joint ventures, and regional growth of key players within the market on a regional basis.
Report Attributes | Report Details |
---|---|
Report Name | EMI Shielding Market |
Market Size in 2023 | USD 7.17 Billion |
Market Forecast in 2032 | USD 11.61 Billion |
Growth Rate | CAGR of 5.5% |
Number of Pages | 201 |
Key Companies Covered | Pinkerton, China Security & Protection Group, Blackwater Protection, Prosegur, Hook Private Security, Secom, Allied Universal, International Protective Service, Paradigm Security, Transguard, US Security Associates, SIS, Beijing Baoan, Shandong Huawei Security Group Co. Ltd, Andrews International., and others. |
Segments Covered | By Component, By Method, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The study provides a crucial view of the EMI shielding market by segmenting the market based on its segmentation. The segmentation included components, methods, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
The global market for the EMI shielding market can be segmented into the component, method, and end-use industry.
Global EMI shielding market is segmented into components such as EMI shielding tapes & laminates, metal shielding, conductive polymers, conductive coatings & paints, and EMI/EMC filters. EMI shielding tapes & laminates segment were the major contributor for the EMI shielding market and are anticipated to maintain its leading position in the future.
The EMI shielding market has been segmented based on methods such as radiation and conduction. Radiation method is expected to be the leading method of EMI shielding owing to the increased use in various applications.
Consumer electronics, telecom & IT, defense & aerospace, healthcare, automotive, and others are the major end-user industries of EMI shielding market. Amongst several applications, consumer electronics is projected to grow at the fastest growth rate in the future. Increasing demand for consumer electronic devices, availability of high-speed internet, rising disposable incomes, growing acceptance towards innovative products, and commoditization of consumer electronics is expected to escalate the EMI shielding market in the forecast period.
Asia Pacific dominated the EMI shielding market in 2017 and is further expected to continue its dominance during the forecast period. Emerging and developed economies such as China, Japan, India, Taiwan, and South Korea is estimated to be the leading countries for the consumer electronics market. Growing demand for electronic products such as liquid crystal display (LCD), tablets, smartphones, computers, and LED is estimated to increase the demand for EMI shielding market. North America is expected to witness prominent growth over the upcoming years, followed by Europe. North America in the forecast period is projected to contribute significantly to the EMI shielding market growth.
Additionally, the regional classification includes the key countries and regions such as Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa.
The study provides exhaustive company profiles of the EMI shielding market along with an in-depth description of players. Some of the key manufacturers included in the study are
By Component Analysis
By Method Analysis
By End-Use Industry Analysis
By Regional Analysis
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