EMI Shielding Market size was over USD 7.96 billion in 2024 and is anticipated to reach USD 17.76 billion by the end of 2037, growing at around 6.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of EMI shielding is assessed at USD 8.37 billion. The growth of the market can be attributed to the major expansion of the manufacturing industry worldwide. Manufacturers are extensively using EMI shielding for conductive coatings in various products such as smartphones and military devices which is projected to bring lucrative opportunities in the market growth. For instance, recent reports calculated that in 2022, the manufacturing industry of the United States region generated an amount of approximately USD 6 trillion. In addition, the notably increasing electromagnetic pollution as of digitalization, followed by the worldwide rising adoption of electric vehicles are also projected to propel the growth of the global EMI shielding market over the forecast period.
In addition to these, factors that are believed to fuel the market growth of EMI shielding include the surging ratio of manufacturers who are tapping into the manufacturing industry to provide a protective shield in products to prevent them from electromagnetic waves. The benefits and characteristics of electromagnetic interference shielding have prompted its adoption rate. Thus, an increase in the proportion of enterprises in the manufacturing industry is expected to bolster the sales of EMI shielding in the assessment period. For instance, in 2022, it was calculated that the number of manufacturing businesses counted around 638,590 in the U.S. Moreover, increasing demand for consumer electronics, along with the advancement in telecommunication are some added factors that are anticipated to fuel the market growth throughout the forecast period.
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?