EMC Shielding and Test Equipment Market 2019 Opportunities, Challenges, latest Trends, Growth Analysis, Segmentation, Emerging Technology by Regional Forecast to 2024

March 21 06:42 2020
EMC Shielding and Test Equipment Market 2019 Opportunities, Challenges, latest Trends, Growth Analysis, Segmentation, Emerging Technology by Regional Forecast to 2024

“EMC Shielding and Test Equipment Market”
EMC Shielding and Test Equipment Market: EMC Shielding Equipment (By Type – Coatings & Paints, EMI Enclosure, EMI Gaskets, Vents & Filters, EMI Shielding Tapes and Others) and EMC Test Equipment (By Type – Signal & Impulse Generators, Amplifiers, Spectrum Nalyzers, EMI Test Receiver and Others) and (By Application – Third-Party Laboratories, In-House Laboratories and Government Laboratories). (By Region – North America, Europe, Asia Pacific and rest of the world) – Global Forecast Till 2024

Market Overview:

The global EMC shielding, and test equipment market is expected to exhibit a strong 6.55% CAGR over the forecast period from 2018 to 2024, according to the latest research report released by Market Research Future (MRFR). The report makes a detailed study of the global EMC shielding and test equipment market by analyzing its key drivers, leading players, and dominant segments.

The global EMC Shielding And Test Equipment Market is mainly driven by the growing demand for consumer electronics and the growing demand for electronic components in other application sectors such as automotive and healthcare. The growing consumer electronics industry is likely to be the major driver for the global EMC shielding and test equipment market over the forecast period, as the demand for consumer electronics has grown in emerging regions in hand with the growing disposable income of consumers in these regions. The growing consumer electronics industry is likely to lead to legislation mandating stringent EMC testing over the forecast period in order to safeguard the consumer. This is likely to be the major driver for the global EMC shielding and test equipment market over the forecast period.

The growing demand for automotive electronics is also likely to be a key driver for the global EMC shielding and test equipment market over the forecast period. The demand for automotive electronics has been driven by the growing demand for driving assistance and driver comfort, which has resulted in growing adoption of advanced electronic systems in automobiles. This is likely to lead to a steady rise in demand from the global EMC shielding and test equipment market over the forecast period, as the increasing number of electronic systems on modern automobiles increases the risk of electromagnetic interference with other systems. The healthcare sector is also likely to be a key consumer for the global EMC shielding and test equipment market due to the growing use of electronic testing and display systems in the healthcare sector.

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Competitive Analysis:

Leading players in the global EMC shielding and test equipment market include ETS-Lindgren Inc., HV Technologies Inc., Leader Tech Inc., Keysight Technologies Inc., Kemtron Ltd., KGS Kitagawa Industries Co. Ltd., Rohde & Schwarz GmbH & Co. KG, Chomerics Inc., Laird PLC, and 3M Company.

In May 2019, ETS-Lindgren announced the integration of its R&S CMX500 radio communication tester to its 5G testing systems.

Segmentation:

The global EMC shielding equipment and EMC test equipment markets are segmented on the basis of type and application.

By type, the global EMC shielding equipment market is segmented into coatings and paints, EMI enclosure, EMI gaskets, vents and filters, EMI shielding tapes, and others.

By application, the global EMC shielding equipment market is segmented into consumer electronics, IT and telecom, automotive and industrial, defense and aerospace, healthcare, and others.

The global EMC test equipment market is segmented on the basis of type into signal and impulse generator, amplifier, spectrum analyzer, EMI test receiver, and others.

By application, the global EMC test equipment market is segmented into third-party laboratories, in-house laboratories, and government laboratories.

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Regional Analysis:

Asia Pacific is likely to dominate the global EMC shielding and test equipment market over the forecast period due to the growing presence of the automotive and consumer electronics industries in the region. The growing disposable income of consumers in countries such as India, China, South Korea, Taiwan, and Japan has led to a rapid rise in the growth prospects of the consumer electronics as well as automotive industries in Asia Pacific, leading to rapid growth of the EMC shielding and test equipment market in the region over the forecast period. The growing efforts from governments in the region to expand 4G and 5G connectivity are also likely to be a key driver for the EMC shielding and test equipment market in the region over the forecast period.

North America and Europe are also likely to play a key role in the growth of the global EMC shielding and test equipment market due to the growing demand for higher safety standards in the electronics sector.

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