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EMI RFI Shielding Materials Market Growth Projections and Opportunities
The global market for EMI (Electromagnetic Interference) and RFI (Radio-Frequency Interference) shielding materials is expected to experience significant growth, with a projected Compound Annual Growth Rate (CAGR) of 6.05% during the forecast period from 2018 to 2023. By the end of 2023, the market's estimated value is anticipated to reach USD 11,210.81 million. Several factors contribute to this growth, including the expanding use of EMI shielding in electronic devices, the ongoing development of telecommunication infrastructure, and the adherence to stringent EMC/EMI regulations. Moreover, the increasing adoption of EMI shielding in automotive applications and the rising demand for smartphones in developing and emerging economies are set to drive the global market forward during the review period.
However, a notable challenge to this growth stems from the high costs associated with EMI and RFI shielding, posing a hindrance to the market's expansion throughout the forecast period. The segmentation of the global EMI and RFI shielding materials market is based on material, product, end-use, and region. In terms of material, the market is classified into metals, plastics and polymers, mu-metal, conductive elastomers, and carbon and graphite. Among these, the metals segment accounted for the largest market share, constituting 48.36% of the market value in 2017. It is expected to reach USD 5,331.99 million by the end of 2023. This dominance is primarily attributed to the widespread use of metals in various EMI shielding applications, including coatings, paints, metalized plastics, conductive fabric, EMI enclosures, and other shielding components. Meanwhile, the plastics and polymer segment is projected to exhibit a higher CAGR of 7.02%. This growth is fueled by the expanding range of applications for conductive or metal-filler plastics in EMI shielding. The key features contributing to the increased use of plastics and polymers in EMI and RFI shielding include high corrosion resistance, low specific weight, plasticity, and simple, cost-effective processing methods.
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2022 | USD 6.9 Billion |
| Market Size Value In 2023 | USD 7.307 Billion |
| Growth Rate | 5.90% (2023-2032) |
EMI RFI Shielding Materials Market Highlights:
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