EMI RFI Shielding Materials Market Trends

Key Emerging Trends in the EMI RFI Shielding Materials Market

Electronic devices serve a dual role as both receivers and sources of Electromagnetic Interference (EMI). This interference comes in two main forms: Radiated interference, known as Radio-Frequency Interference (RFI), appears as radio waves, while conducted interference results from the magnetic fields generated by the current flow in cables transmitting signals and power. Various electromagnetic radiations, including radio waves, microwaves, infrared, terahertz, and ultraviolet radiations, can penetrate electronic devices, potentially leading to device failure. If these devices emit radiations, they can also negatively impact the performance of other equipment. Additionally, emissions from electronic devices, such as desktop computers, mobile phones, tablets, laptops, televisions, and personal grooming appliances, can pose harm to human health. EMI and RFI shielding materials serve as crucial solutions to restrict the penetration of electromagnetic fields by blocking them with a conductive material barrier. To ensure the optimal performance of electronic devices and circuits, protection from EMI is essential, driving the demand for EMI and RFI shielding materials.
In this context, plastics and polymers are gradually replacing metals in electronic enclosure applications. This shift is driven by the advantages of plastics, including better design flexibility, increased productivity, and lower material costs. Plastics are insulating materials, allowing EMI waves to easily pass through unshielded plastic without significant resistance. The transition from metal to plastics in electronic devices and equipment is contributing to the growing demand for EMI shielding, a trend expected to continue in the coming years. Furthermore, the miniaturization of devices and the escalation in clock speeds of microprocessors in computing devices are intensifying EMI pollution. This increase in EMI pollution is anticipated to drive the demand for EMI and RFI shielding materials during the assessment period. The global market for EMI and RFI shielding materials is anticipated to experience robust 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 is expected to reach a value of USD 11,210.81 million. Several factors contribute to this growth, including the expanding applications of EMI shielding in electronic devices, the development of telecommunication infrastructure, and compliance with stringent EMC/EMI regulations. The surge in demand for smartphones in developing and emerging economies, coupled with the growing popularity of EMI shielding in automobile applications, is also expected to propel the global market growth.