The electromagnetic compatibility (emc) shielding and test equipment from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The equipment in electromagnetic compatibility (EMC) shielding and test equipment market size has grown strongly in recent years. It will grow from $7.4 billion in 2023 to $7.87 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to the early adoption of military communication systems, the rapid growth of the consumer electronics, Stringent government regulations on electronic interference, rising number of connected cars, and increased awareness of EMC standards among manufacturers.
The equipment in electromagnetic compatibility (EMC) shielding and test equipment market size is expected to see strong growth in the next few years. It will grow to $10.15 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to growing emphasis on renewable energy systems, the expansion of smart home and building technologies, heightened awareness of electromagnetic pollution, increasing complexity of electronic systems in defense applications, growing investments in research and development for EMC solutions. Major trends in the forecast period include increasing adoption of hybrid EMC testing techniques, rising demand for miniaturized EMC shielding solutions, growing importance of real-time EMC monitoring, the emergence of advanced simulation software for EMC analysis, integration of artificial intelligence in EMC testing processes.
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Scope Of Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market Overview
Market Drivers –
The escalated demand for electronic devices is expected to propel the growth of the electromagnetic compatibility (EMC) shielding and test equipment market going forward. EMC shielding and test equipment ensure electronic devices operate reliably in their intended environments. Shielding protects devices from external interference and prevents them from emitting harmful EMI. Meanwhile, test equipment helps designers and engineers evaluate and mitigate EMI issues, ensuring compliance with regulatory standards and enhancing the overall performance and safety of electronic products. For instance, in January 2023, according to the annual financial report 2022 published by LG, a South Korea-based consumer electronics company, LG achieved annual revenue with sales exceeding $60 billion, marking a 12.9% increase from 2021, when sales first surpassed approximately $52.70 billion. Moreover, the LG Home Appliance & Air Solution Company generated $22.5 billion in revenue, a 10.3% rise from the previous year. Therefore, the escalated demand for electronic devices is driving the growth of the EMC shielding and test equipment market.
Market Trends –
Major companies operating in the EMC shielding and test equipment market are innovating switchable three-phase coupling networks to serve customers with advanced features better. A switchable three-phase coupling network is a device that is used for three-phase power lines and can dynamically adjust its decoupling inductance based on the chosen current range. For instance, in November 2023, AMETEK CTS, a Switzerland-based EMC compliance testing and RF power amplifiers provider, introduced the switchable three-phase Teseq coupling network with a switchable current range named CDN 3063A-C100.1. This product is designed to meet the current surge standard IEC 61000-4-5 and offers selectable current ranges of 32 A, 63 A, and 100 A. and offers selectable current ranges of 32 A, 63 A, and 100 A. The CDN 3063A-C100.1 is packaged in a compact 34 HU rack and can be used with the NSG 3060A compact generator. The product simplifies the testing setup process, reduces costs, and ensures compliance with industry standards.
The electromagnetic compatibility (EMC) shielding and test equipment market covered in this report is segmented –
1) By Equipment Type: Amplifiers, Spectrum Analyzers, Electromagnetic Interference (EMI) Receivers, Signal Generators, Electromagnetic Compatibility (EMC) Test Chambers, Transient Generators, Other Equipment Types
2) By Material: Electromagnetic Compatibility (EMC) Shielding Tapes And Laminates, Conductive Polymers, Conductive Coatings And Paints, Electromagnetic Compatibility (EMC) Filters
3) By End-User: Healthcare, Automotive, Aerospace And Defense, Consumer Electronics, Information Technology And Telecommunications, Other End-Users
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Regional Insights –
Asia-Pacific was the largest region in the EMC shielding and test equipment market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the electromagnetic compatibility (EMC) shielding and test equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the electromagnetic compatibility (EMC) shielding and test equipment market are 3M Company, Parker-Hannifin Corporation, TDK Corporation, AMETEK Inc., Tektronix, Teledyne LeCroy, Keysight Technologies, Rohde & Schwarz GmbH & Co. KG, National Instruments, Anritsu Corporation, RTP Company, Laird Technologies Inc., ETS-Lindgren, RIGOL TECHNOLOGIES Co. LTD., Leader Tech Inc., Schmid & Partner Engineering AG, Kemtron Ltd., HV TECHNOLOGIES Inc., EMC Technologies, KGS Kitagawa Industries Co. Ltd
Table of Contents
1. Executive Summary
2. Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market Characteristics
3. Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market Trends And Strategies
4. Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market – Macro Economic Scenario
5. Global Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market Size and Growth
…
32. Global Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market Competitive Benchmarking
33. Global Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market
35. Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market Future Outlook and Potential Analysis
36. Appendix
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