According to Future Market Insights (FMI), the EMC shielding and test equipment market will be worth US$ 11 billion in 2032, up from US$ 7.1 billion in 2022. It is expected to grow at a healthy 4.5% CAGR over the forecast period.
Frequency wave interferences, also known as electromagnetic pollution, have increased globally as a result of the increased usage of consumer communication devices. Highly sensitive workplaces utilise EMC shielding programmes to get rid of such harmful interference from equipment connected to broadband networks.
One of the main causes of the current increase in the use of different EMC shielding types is the high expense of electromagnetic interferences. In order to properly manage devices, it is important to know how much electromagnetic interference is present in any given area. EMC testing equipment has become a viable alternative in the current market.
With the advent of the fourth industrial revolution, nearly all activities in industrial settings are being rapidly digitised through the use of computers and smart devices.
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For the proper functioning of such devices, the necessity of EMC shielding materials has increased many fold 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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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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