Emi shielding materials are used to protect electronic devices from electromagnetic interference (EMI). These materials help reduce or deflect electromagnetic fields and block the conduction and radiation of electromagnetic waves. Emi shielding materials find widespread application in the electronics industry for protecting sensitive electronic equipment by shielding out or absorbing electromagnetic interference. The growing penetration of internet of things (IoT) devices and increasing connectivity of electronics have resulted in rising electromagnetic noise levels, driving demand for efficient EMI shielding solutions.
Global EMI shielding materials market was valued at US$ 8.01 Bn in 2021 in terms of revenue, exhibiting a CAGR of 5.67 % during the forecast period (2022 to 2030).
Key Takeaways
Key players: 3M Company, Parker Chomerics, ETS-Lindgren, Henkel AG Co. KGaA, Kitagawa Industries Co., Ltd., Laird Plc., Leader Tech Inc., PPG Industries Inc., RTP Company, Schaffner Holding AG, and Tech-Etch Inc are major players in the emi shielding materials market. 3M Company offers a wide range of EMI shielding solutions including conductive tapes, coatings and adhesives.
Growing demand: Rising adoption of electronic devices across industries is fueling EMI Shielding Materials Market Size. Rapid proliferation of IoT devices and adoption of 5G technology is also driving consumption. The automotive industry is a major consumer of EMI shielding materials to shield electronic control units from electromagnetic noise.
Technological advancements: Manufacturers are focusing on development of lightweight, customizable and environment-friendly EMI shielding materials. Launch of graphene and carbon nanotube based materials has enabled effective shielding at ultra-thin thicknesses. Integrated EMI shields with conductive inks and adhesives provide effective protection.
Market Trends
Customizable and Flexible EMI Shielding Materials: There is a growing demand for customizable and flexible EMI shielding materials that can adapt to complex product designs easily without comprising on shielding effectiveness. Major players are focused on developing graphene and carbon nanotube based flexible EMI shielding solutions.
Growing Adoption in Automotive Industry: The automotive industry is high growth application segment owing to rising electrification of vehicles and growing integration of electronic control units. Strict EMI regulations for automotive electronics will drive use of advanced Emi Shielding Materials Companies solutions in auto apps.
Market Opportunities
Development of Ultra-Thin and Lightweight EMI Shielding Solutions: With the focus shifting towards lightweight and compact electronics, there exists significant opportunities for manufacturers to develop ultra-thin and flexible EMI shielding materials without compromising on shielding effectiveness.
Growing Demand from Medical Devices Industry: Growing use of IoT, imaging systems and connected medical devices will fuel opportunities for EMI shielding material providers to cater to the medical device industry and meet stringent EMI regulations in healthcare.
Impact of COVID-19 on EMI Shielding Materials Market
The COVID-19 pandemic has impacted the growth of the EMI shielding materials market. During pre-COVID times, the market was growing steadily at a CAGR of around 5.6% owing to rising demand from various end-use industries such as automotive, telecommunication, aerospace and defence. However, with lockdowns imposed globally and disruptions in industrial activities, the demand from end-use sectors witnessed a downfall in 2020. Complete shutdown of automotive plants significantly reduced the consumption of EMI shielding materials which are majorly used in electronic control units inside vehicles. Similarly, restrictions on air travel brought the aerospace industry to a standstill thereby reducing opportunities in this segment.
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