EMI Shielding Market in APAC Contributed the largest Share during 2021-2026

 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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Conductive coatings & paints are expected to contribute the largest share to the EMI shielding market during the forecast period

By material, the conductive coatings & paints segment is estimated to account for the largest market share in 2021, followed by the conductive polymers segment. 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.

Radiation segment is expected to lead the EMI shielding market in 2021

The radiation segment is expected to dominate the EMI shielding market in 2021, contributing the largest share. Most electrical and electronic devices radiate electromagnetic signals. Increasing adoption of consumer electronics leads to a significant increase in electromagnetic pollution. Hence, these signals must be kept within limits to reduce the level of interference and avoid any damage to the electrical circuitry of a device and degradation in performance.

EMI shielding market in APAC contributed the largest share in 2020.

APAC held the largest share of the global EMI shielding market in 2020. 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.

Key Market Players

The EMI shielding players have implemented various types of organic as well as inorganic growth strategies, such as product launches, product developments, partnerships, and acquisitions to strengthen their offerings in the market. The major players are Parker-Hannifin (US), PPG Industries (US), 3M (US), Henkel (Germany), Laird Performance Materials (UK) among others.