The global EMI shielding market was valued at USD 7.0 billion in 2023 and is estimated to reach USD 9.4 billion by 2028, registering a CAGR of 5.9% during the forecast period.

Growing industrialization and increasing demand for consumer electronics has driven the demand for EMI shielding. Also, the stringent government regulations in various industries such as automotive, consumer electronics and telecom, and incrasing investments by the manufacturers for expansion are fueling the market growth.

The EMI shielding companies is dominated by a few globally established players such as Parker Hannifin Corp (US), PPG Industries Inc. (US), 3M (US), Hankel (Germany), Laird Technologies Inc. (US), Leader Tech Inc. (US), MG Chemicals (Canada), Nolato AB (Sweden), Tech Etch Inc. (US), RTP Company (US), Schaffner Holding AG (Switzerland).

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Based on method, radiation segment is expected to dominate during the forecast period.

Radiation-based shielding methods have emerged as a dominant force in the EMI shielding market due to their versatility, effectiveness, and cost-effectiveness. These methods, which involve the use of electromagnetic waves to block or attenuate unwanted electromagnetic interference (EMI), can be applied to a wide range of materials and surfaces, making them a suitable choice for a diverse array of applications. They offer exceptional shielding capabilities, effectively protecting sensitive electronic components from EMI, and are often more cost-effective than other shielding methods, particularly in high-volume applications. Additionally, radiation-based shielding methods are relatively simple to implement and maintain, further contributing to their widespread adoption.

Based on industry, the consumer electronics segment is projected to have largest market share during the forecast period

The consumer electronics dominates in EMI shielding market. This is driven by the proliferation of compact consumer electronics devices that house sensitive electronic components. These components are susceptible to electromagnetic interference (EMI), which can disrupt their proper functioning and lead to performance degradation. As consumer electronics continue to evolve, with smaller form factors, higher data transfer rates, and an array of advanced features, the demand for sophisticated EMI shielding solutions intensifies. Additionally, the widespread adoption of electronic devices and the need to adhere to EMI shielding regulations are expected to serve as significant catalysts for market growth.

Based on region, India is projected to grow fastest in Asia Pacific for the EMI shielding market

The EMI shielding market in India is projected to exhibit the highest CAGR during the forecast period, driven by India's burgeoning electronics manufacturing industry. India has experienced a remarkable surge in the production of electronic devices, encompassing consumer electronics, telecommunications equipment, and IoT devices. This surge has resulted in a substantial increase in demand for EMI shielding solutions to protect these devices from electromagnetic interference. Furthermore, the telecommunications sector in India has witnessed exponential growth, including the deployment of 4G and 5G networks, further fueling the demand for EMI shielding solutions.