According to Future Market Insights (FMI), the EMC shielding and test equipment market is forecasted to reach a net worth of US$ 11 Bn in 2032 from US$ 7.1 Bn in 2022. It is estimated to register a robust CAGR of 4.5% over the forecast years.
Due to the surge in the use of consumer communication devices, there has been a rise in frequency wave interferences all across the world, known as electromagnetic pollution. To get rid of such unwanted disruptions over the devices connected to broadband networks, EMC shielding applications are utilized in highly sensitive workplaces.
The high cost incurred due to electromagnetic interferences is also one of the major reasons for the higher applications of different EMC shielding types in the present time. To check the level of interference of electromagnetic waves present in any location for providing proper management of devices, EMC testing equipment has emerged as an affordable option in the present market.
With the introduction of the fourth industrial revolution, almost all activities in industrial setups are getting rapidly digitized with the deployment of computers and smart devices.
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For the proper functioning of such devices, the necessity of EMC shielding materials has increased manyfold in the recent past. The industrialization of developing economies is predicted to drive the global EMC shielding and test equipment market share in the coming decade.
Leading Companies Profiled in EMC Shielding and Test Equipment Market are:
- PARKER-HANNIFIN
- PPG INDUSTRIES
- HENKEL
- LAIRD PERFORMANCE MATERIALS
- RTP COMPANY
“Growth of the consumer electronics sector in China and Japan have turned them into an attractive market for EMC shielding solutions. The global EMC shielding and test equipment market is expected to proliferate with the establishment of new product manufacturers and service providers in the Asia Pacific Region.”
However, the provision of EMC shielding types at various locations incurs a very high cost of installation and operation. This can be a major factor hampering the wider adoption of EMC shielding and test equipment in various areas with good opportunities.
Key Takeaways
- The global EMC shielding market is poised to experience an absolute growth of US$ 3.9 Bn between the years 2022 to 2032. The present value of the global EMC shielding and test equipment market is estimated to be around US$ 7.1 Bn, with a predicted growth rate of 4.5%.
- The EMC shielding type dominates over the EMC testing equipment segment in terms of revenue generated globally. This segment is anticipated to witness a CAGR of 4.4% during the forecast period.
- Among the various end-use verticals of the EMC shielding and test equipment market, the consumer electronics segment is the top contributing category to the growth of the global market. The growth rate analyzed for this segment is around 3.9% for the forecasted years.
- United States (US) is the leading country in the use of EMC shielding techniques, with a dominant market share valued at US$ 2.4 Bn in 2021. The CAGR recorded for the American EMC shielding and test equipment market is nearly 4%, as per the market analysis report.
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Key Segments
By Type:
- EMC Shielding
- EMC Type
By Vertical:
- Consumer Electronics
- Telecom & IT
- Automotive, Healthcare
- Aerospace, Others
By Application:
- Consumer Appliances and Electronics
- Automotive
- Military and Aerospace
- IT and Telecommunication
- Medical
- Railways
- Renewable Energy
- Industrial
By Region:
- North America
- Latin America
- Europe
- The Asia Pacific
- Middle East & Africa
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https://gotartwork.com/Account/Member/NewBlogPost.aspx
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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