EMI Shielding Market Dynamics, Size, Share & Growth Forecast to 2027

Global 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.

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.

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Opportunity: Rising adoption of electric vehicles

Electric vehicles are the most environmentally friendly automobiles in recent times. They require less maintenance than conventional fuel vehicles. Electric vehicles are mainly of three types—battery electric vehicles (BEVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs). Asia (China and Japan), Europe, and the US are some of the largest markets for electric vehicles, exhibiting significant sales growth. Against the backdrop of growing environmental concerns and government support, electric two-wheelers, three-wheelers, and buses are witnessing huge traction these days. Allied infrastructure and charging stations are getting equal importance. The growth automotive industry due to electrification trend is thus expected to impact the EMI shielding market positively during the forecasted period

Challenge: Trade-off between miniaturization and EMI shielding of various electronic devices

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. This is because miniaturization integrates various components and devices ( such as transmitters, sensors, receivers, and others, in a single compact enclosure. This reduces the size of bigger devices and converts it into compact size. Hence smaller the size of components, more the chances of exposure of these devices to EMI from adjacent components within the same device. Thus, it becomes difficult to identify EMI in miniaturized circuitry. This, in turn, also necessitates using customized shielding solutions, which ultimately adds to the overall product cost.