An overview of the world market for EMI and RFI industrial materials and technology The need for electronic components is mostly reflected in shielding. The market for EMI and RFI materials is growing due to the rapid increase in demand for manufacturing and wirelessly transmitting gadgets. To support the expansion of the EMI shielding market, there has been a surge in the proliferation of material devices that are compliant with the market and the standards proposed by EMC. The global proportion of EMI and RFI shielding materials is influenced by conductive coatings. Reduced electromagnetic pollution in electronic equipment is encouraged by EMI and RFI shielding materials.
Over the projected period from 2018 to 2023, the global EMI and RFI shielding materials market is anticipated to expand at a CAGR of 6.05%. By 2023, its value is anticipated to be USD 11,210.81 million.
Kind: The EMI and RFI shielding materials market is segmented based on the type of product, the material, the geographic location, and the end-users. There are four categories of material: polymer, carbon, graphite, and plastic. Market segments for the product include EMI closures, paints, coatings, vents, filters, and gaskets. The market is divided into many end-use categories, including automotive, consumer electronics, medical, IT, and telecommunications, among many others.
Technology- The development of technology has given modern businesses some benefits, which has caused the market for EMI shielding materials to change economically. A corporation has to understand the market’s movement patterns to properly strategize.
To protect electronics from EMI radiation, the EMI market is utilized. The metal shielding offers up to 100dB of protection. To lessen the impacts of EMI radiations, shielding methods are frequently utilized in hospitals with electrical equipment like ECGs.
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Geographically, the EMI and RFI shielding materials market is segmented into Europe, Asia Pacific (APAC), North America, Latin America, and the Middle East & Africa (MEA).
The APAC region accounted for the largest market share in 2017 and is expected to register a CAFR of 6.89% during the forecast period. The explosive growth in consumer electronics and IT & telecommunication sectors can fuel the demand for EMI and RFI shielding materials.
The North America region held close to 20.54% share of the EMI and RFI shielding materials market due to intense demand for consumer electronic devices. The aerospace industry offers a prime opportunity for the market to capitalize on. Aircraft have fallen prey to lightning and solar flares which have caused radiofrequency interference leading to fatalities. RFI shielding materials can help avert disasters and induce the demand for RFI-coated printed circuit boards.
Latin America is touted to exhibit moderate CAGR during the assessment period. This can be attributed to rapid use of smartphones by consumers and development of telecommunication infrastructure to cater to online consumption demands of users.
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Chomerics from the United States, Laird PLC from the United Kingdom, PPG Industries, Inc. from the United States, Henkel AG & Co. KGaA from Germany, RTP Company from the United States, 3M from the United States, Schaffner Holding AG from Switzerland, Tech-Etch, Inc. from the United States, AI Technology, Inc. from the United States, Orion Industries Incorporated from the United States, MAJR Products from the United States, and Holland (The Netherlands).
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