Rising requirements for innovative EMI shielding solutions due to increasing electromagnetic pollution on account of growing digitalization and surging demand in consumer electronics and automotive industries due focus of OEMs in technological advancements are some of the major factors propelling the growth of market.
EMI shielding market size is anticipated to grow USD 8.6 billion by 2027 from USD 6.6 billion in 2022, at a compound annual growth rate (CAGR) of 5.4% from 2022 to 2027.
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5G technology is expected to generate various new applications, uses, and business cases by automating many network behaviors. Therefore, rapid advancements in 5G are the driving factors for the EMI shielding market.
The cost of EMI shielding solutions generally includes the cost of testing compliance according to the defined standards of several processes, such as cleaning, loading and unloading, and masking. This additional cost increases the overall cost of the end product.
Advancements in integrated circuits and power systems have led to reduction in sizes of various electronic devices and components. The miniaturization of electronic devices leads to concerns related to the interference of signals.
The consumer electronics segment is projected to account largest market share during the forecast period. EMI in the consumer electronics industry results from poor contacts, dissimilar metal junctions, corrosion, or other causes of nonlinear electronic behavior of various electronic equipment and devices. RF devices employ large and increasing data densities, making passive intermodulation reduction difficult.
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