EMI Shielding Market: Current Analysis and Forecast (2021-2027)

Report Description

The global EMI Shielding market was stood around $6 billion in 2020 and is expected to demonstrate the growth of ~5% during the forecast period (2021-2027). EMI shielding has become an important part of many industries with the increasing penetration of equipment’s which emits radio wave radiation. Radio wave and microwave radiation is emitted by all electronic devices, particularly those that operate in the radio wave and microwave range of frequencies. Since, the radiation interferes with electronics, due to the interaction of the electrons in the metal conductors with the electric field in the radiation. The interference can cause the electronics to malfunction. Therefore, as adoption of devices which involves radio wave and microwave are increasingly abundant, shielding materials are increasingly needed for both radiation sources and electronics. For instance, the worldwide sales of smartphone rose to 1,541 million units in 2019 from 297 million units in 2010. This rapid growth in smartphone market has increased the demand for EMI shielding materials.

However, 2020 was a negative year for the industry due to COVID-19 because of the stringent measures taken by the governments across the globe such as implementation of subsequent lockdown in order to curtail the spread of disease which has resulted in the shutdown of industries. Furthermore, change in consumer sentiment is also affected the market. People are spending income mainly on essential things resulted in the drop in consumer electronics sales. In addition, shortage of semiconductor across the globe in 2021 has affected the industrial production activities. Several companies including automotive announced the reduction in automobiles production. All these factors had a negative impact on the market.

Insights Presented in the Report

“Amongst material, conductive coatings & paints category held prominent share in the market in 2020.”

Based on material, the market is categorized into EMI shielding tapes & laminates, conductive coatings & paints, metal shielding enclosures, metal shielding tape, conductive polymers, polymer composites, and EMI/EMC filters. Among these, conductive coatings & paints contribute considerable share in the market in 2020 and is likely to grow during the forecast period owing to their ability to perform in various types of surfaces.

“Amongst method, radiation held the dominating position in the market in 2020.”

Based on type, the market is categorized into radiation and conduction. Among these, radiation category held the significant share in the market and is expected to retain its position during the forecast period. This is mainly attributed to the large number of devices radiate electromagnetic waves.

“Large consumer electronics manufacturing industries resulted in the Asia Pacific region to obtain considerable market share”

For a better understanding of the market adoption of EMI Shielding, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World.  Asia-Pacific held the dominating position in the global EMI shielding market due to large base of consumer electronics, telecom & IT, automotive, and healthcare industry. Further, increasing development in 5G technology is propelling the growth of the EMI shielding market in the region.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts
• The report presents a quick review of overall industry performance at one glance
• The report covers in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
• The study comprehensively covers the market across different segments
• Deep dive country level analysis of the industry

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Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the EMI Shielding three major steps undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the EMI Shielding industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the EMI Shielding through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the EMI Shielding market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. Major segments included in the report are by material, method, and industry. Further regional and country-level analyses were conducted to evaluate the overall adoption of the EMI Shielding globally.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of EMI Shielding. Further, we conducted factor analysis using dependent and independent variables such as robust growth in cell phones demand and increasing penetration various electronic devices. A thorough analysis was conducted for demand and supply-side scenario considering increasing investment, top partnerships, merger and acquisition, business expansion, and product launches in the EMI Shielding industry.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global EMI Shielding market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., bottom-up approach was applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of value (US$) and the adoption rate of EMI Shielding across the major markets
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the EMI Shielding market in terms of revenue generated. Also, the growth strategies adopted by these players to compete in the fast-growing market.

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global EMI Shielding market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of material, method, and industry.

The main objective of the EMI Shielding market study

The current & future market trends of global EMI Shielding were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of EMI Shielding in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of material, method, and industry
• Defined analysis of the regulatory framework for the EMI Shielding industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the EMI Shielding for the major countries
• Major regions/countries analyzed in the report includes North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific), and Rest of World
• Company profiles of the EMI Shielding market players and the growth strategies adopted by them to sustain in the growing market

Deep dive country level analysis of the industry