The global EMI shielding market size is projected to grow from USD 6.2 billion in 2021 to reach USD 7.7 billion by 2026; it is expected to grow at a CAGR of 4.4% from 2021 to 2026.
The growth of the EMI shielding market is majorly driven by surging demand for consumer electronics, increasing electromagnetic pollution, and ongoing field trials and pilot tests evincing the viability of 5G technology.
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By material, the conductive coatings & paints segment is estimated to account for the largest market share in 2021. Conductive coatings & paints provide electromagnetic shielding for non-metal surfaces. However, they are more expensive than other EMI shielding solutions. In conductive coating, the surface resistivity is inversely proportional to the thickness of the coating. Materials such as silver, nickel, graphite, and silver-coated copper are used to create a conductive shield around the casing to prevent electromagnetic interference.
The consumer electronics industry is expected to hold the largest share of the market during the forecast period. The proliferation of consumer electronic devices, the availability of advanced products, such as wearable devices, and the need to comply with EMI shielding guidelines are expected to be the major factors contributing to the growth of the EMI shielding market in the consumer electronics industry segment.
APAC is expected to account for the largest share of the global EMI shielding market in 2021. In the near future, the presence of huge facilities producing automobiles and consumer electronics will play a key role in the development of the EMI shielding market in the region. The growth of the EMI shielding market in the region is attributed to the increasing use of electronic systems and equipment in automobiles and the rising focus on the deployment of 5G infrastructure.
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