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.

The major EMI shielding companies are Parker Hannifin (US), PPG Industries (US), Henkel (Germany), 3M (US), Laird Performance Materials (UK), RTP Company (US), Schaffner (Switzerland), and Leader Tech (US) among others.

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Driver: Ongoing field trials and pilot tests evincing viability of 5G technology

The 5th generation cellular network, generally known as 5G, is the next-generation technology likely to be adopted in various countries at different times due to the rising need for high-speed wireless connectivity. This 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. Furthermore, 5G technology accelerates digitalization due to the growing requirement for improved services and solutions across industries. When the frequency of electromagnetic waves increases, it becomes difficult to control devices. Hence, adopting a high-frequency spectrum in 5G technology will ultimately create the need for better EMI shielding solutions to protect electronic devices such as cellphones, 5G base stations, and chipsets.As a result of this, 5G technology is expected to drive the market for EMI shielding in coming years.

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.