- According to a study by MarketsandMarkets, the global market for electromagnetic interference (EMI) shielding is estimated to be worth US$7.0 billion in 2023.
- This market is expected to grow at an aggregate annual rate of 5.9% between 2023 and 2028, reaching 9.4 billion by 2028.
Growth in the shielding market is driven by the proliferation of wireless communication devices, and increasing demand for consumer electronics. However, increasing complexity due to the miniaturization of electronic devices is holding back market growth.
The conductive coatings and paints segment is expected to hold the largest share of the EMI bling market between 2023 and 2028. These versatile and affordable solutions can be applied to a wide range of materials.
The automotive segment is expected to experience the highest growth rate in the EMI bling market between 2023 and 2028.
This growth is driven by the increasing use of electronic systems in vehicles, such as autonomous driving technologies, infotainment systems and connected functions, which are highly sensitive to electromagnetic interference (EMI). In addition, the transition to electric and hybrid vehicles is leading to the integration of more complex power electronics. This is boosting demand for EMI shielding solutions.
Asia-Pacific will dominate the EMI shielding market between 2023 and 2028. This region of the world is home to major electronics manufacturing centers, in countries such as China, India and South Korea, where smartphones, computers, consumer electronics and more are produced. These devices require shielding solutions to protect them from electromagnetic interference.
