Global Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market Size Forecast 2024 - 2033
13 Dec, 2024
What Is The Scope Of The Global Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market?
Electromagnetic compatibility (EMC) shielding and test equipment are tools and materials used to manage electromagnetic interference (EMI) and ensure that electronic devices operate effectively without interfering with each other. EMC test equipment is used to measure and assess the electromagnetic emissions and immunity of electronic devices, ensuring they comply with regulatory standards. The purpose of EMC shielding and test equipment is to minimize the risk of electromagnetic interference, ensuring the reliable operation of electronic devices in various environments.
Electromagnetic Compatibility (EMC) Shielding And Test Equipment Global Market Report 2024 provides data on the global electromagnetic compatibility (emc) shielding and test equipment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The electromagnetic compatibility (emc) shielding and test equipment market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Forecasted Market Size And Growth Rates For Global Electromagnetic Compatibility (EMC) Shielding And Test Equipment ?
The market for electromagnetic compatibility (EMC) shielding and test equipment has experienced substantial growth in recent years. It is projected to expand from $7.4 billion in 2023 to $7.87 billion in 2024, reflecting a compound annual growth rate (CAGR) of 6.4%. This growth is largely driven by the early adoption of military communication systems, the rapid expansion of the consumer electronics sector, stringent government regulations on electronic interference, an increasing number of connected cars, and greater awareness of EMC standards among manufacturers. The market is expected to continue its strong growth, reaching $10.15 billion by 2028, with a CAGR of 6.6%. Factors contributing to this growth include a greater focus on renewable energy systems, the expansion of smart home and building technologies, heightened awareness of electromagnetic pollution, the increasing complexity of defense electronics, and growing investments in EMC research and development. Key trends in the forecast period include the rise of hybrid EMC testing methods, growing demand for miniaturized shielding solutions, the importance of real-time EMC monitoring, the emergence of advanced EMC simulation software, and the integration of artificial intelligence in EMC testing processes.
What Factors Are Driving Growth In The Template Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market?
The rising demand for electronic devices is expected to drive the growth of the electromagnetic compatibility (EMC) shielding and testing equipment market. EMC shielding and testing equipment ensure that electronic devices operate effectively in their intended settings. Shielding prevents external interference and stops devices from emitting harmful electromagnetic interference (EMI), while testing equipment assists engineers and designers in identifying and addressing EMI issues, ensuring compliance with regulatory standards and enhancing the overall performance and safety of electronic products. For example, in January 2023, LG, a South Korea-based consumer electronics company, reported annual sales exceeding $60 billion, marking a 12.9% increase from 2021. Additionally, the LG Home Appliance & Air Solution Company saw a revenue increase of 10.3% from the previous year, generating $22.5 billion. This surge in electronic device demand is driving the growth of the EMC shielding and test equipment market.
Get Your Free Sample of the Global Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market ReportWhat Are The Main Segments Of The Global Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market?
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
What Emerging Trends Are Influencing The Growth Of The Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market?
Companies in the EMC shielding and test equipment market are introducing switchable three-phase coupling networks to offer enhanced features to customers. A switchable three-phase coupling network is a device designed for three-phase power lines, allowing for dynamic adjustment of decoupling inductance based on the current range. For example, in November 2023, AMETEK CTS, a Switzerland-based provider of EMC compliance testing and RF power amplifiers, launched the CDN 3063A-C100.1, a switchable three-phase Teseq coupling network. This device offers selectable current ranges of 32 A, 63 A, and 100 A, and is compactly packaged in a 34 HU rack. It can be paired with the NSG 3060A compact generator, simplifying testing setups, reducing costs, and ensuring compliance with industry standards.
What Is The Largest Region In The Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market?
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.