Over the forecast period, the anechoic chamber market is expected to grow at a healthy CAGR of 16.2%. The market is expected to be worth US$ 6.64 billion by 2033, with revenue of US$ 1.4 billion in 2023.
The rising demand for testing electronics is one of the major factors driving the market’s expansion. Furthermore, rising demand for anechoic chambers for electromagnetic compatibility pre-compliance testing, as well as the growing use of industry-specific customised anechoic chambers, are significant factors boosting the business over the forecast period.
On the contrary, increasing errors and high costs associated with electromagnetic compatibility testing are likely to stymie market growth throughout the projection period. Another factor that will most likely impede future industry expansion is the lengthened lead time for international qualification examinations.
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List Of Key Players Covered in Anechoic Chamber Market are:
- ESCO TECHNOLOGIES
- TDK CORPORATION
- MICROWAVE VISION GROUP
- FRANCONIA GROUP
- ECKEL INDUSTRIES
Key Takeaways:
- The global anechoic chamber market to value USD 1.2 Billion in 2021
- The global anechoic chamber market to expand at 21.7% during the forecast period
- The global anechoic chamber market to procure USD 2 Billion
- IT & Telecommunication to expand at a 4% growth rate
- The US market to garner 700 Million while recording a 3.5% CAGR during the forecast period
Competitive Landscape:
Key players in the global anechoic chamber market ESCO TECHNOLOGIES, TDK CORPORATION, MICROWAVE VISION GROUP, FRANCONIA GROUP, and ECKEL INDUSTRIES, among others.
Recent developments among players are:
- In January 2022, Audio-TechnicaFukui Co., a Japanese company, disclosed its electromagnetic anechoic chambers which would measure the radio waves emitted by devices like wireless earphones and microphones at very high precision so that the company could be sure about their compliance with each country’s different radio emission standards.
- In 2020, Mphasis, an IT solution provider specializing in cloud and cognitive services, announced the opening of a state-of-the-art Hi-Tech Wireless Chamber in Banglore, India. The chamber is equipped with Radio Frequency Shielding for IoT, Wi-Fi, and 5G, allowing Mphasis to deliver advanced testing and certification services for these technologies.
More Valuable Insights:
Future Market Insights, in its new offering, presents an unbiased analysis of the global anechoic chamber market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022 to 2032.
The study reveals essential insights on the basis of type (semi anechoic chamber, full anechoic chamber) and application (automotive, military and defense, it and telecommunications, consumer appliances and electronics, medical, others), across five major regions (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America).
- Key Success Factors
- Manufacturers’ Focus on Low Penetration High Growth Markets
- Banking on with Segments High Incremental Opportunity
- Peer Benchmarking
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Key Segments Covered
By Type:
- Semi
- Full
By Application:
- Automotive
- Military and Defense
- IT and Telecommunications
- Consumer Appliances and Electronics
- Medical Applications
- Other Applications
Key Regions Covered
- North America
- United States
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- United Kingdom
- France
- Spain
- Russia
- Rest of Europe
- Japan
- Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of Asia Pacific Excluding Japan (APEJ)
- The Middle East and Africa
- GCC Countries
- Israel
- South Africa
- The Middle East and Africa (MEA)
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