North America Is Projected To Acquire A Lion's Share In The Anechoic Chamber Market During The Forecast Period

In 2021, it is anticipated that the global anechoic chamber market will be worth USD 1.2 billion. Sales of the same are anticipated to reach USD 2 Bn between 2022 and 2032, growing at a CAGR of 21.7 percent.

Another salient factor contributing to the market expansion is the increasing need for testing electronics. Moreover, the growing demand for anechoic chambers for electromagnetic compatibility pre-compliance testing and the rising application of industry-specific customized anechoic chambers are other vital factors bolstering the industry in the forecast period.

On the contrary, increasing incidents of errors and high expenses involved in electromagnetic compatibility testing are expected to hinder the market growth in the forecast period. Also, increased lead time for overseas qualification assessment is another cause likely to hamper the industry growth in the coming time. However, the emergence of 5G technology and the growth of hybrid as well as electric vehicles have been projected as the upcoming trend in the market during the forecast period.

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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 Bn 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 Bn

• IT & Telecommunication to expand at a 4% growth rate

• The US market to garner 700 Mn while recording a 3.5% CAGR during the forecast period

"Ongoing efforts for the development and commercialization of 5G technology across the globe is anticipated to be the major contributor to market expansion. Such efforts by various nations are offering various opportunities for the chamber since it is used for testing 5G testing transmission antennas through EMI/ RF/ EMC testing," says an FMI analyst.

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-Technica Fukui 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 2022-2032.

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).

Detailed Table of Content:

• Executive Summary

o Global Market Outlook
o Summary of Statistics
o Key Market Characteristics & Attributes
o Fact.MR Analysis and Recommendations

• Market Overview

o Market Coverage / Taxonomy
o Market Definition / Scope / Limitations

• Market Risks and Trends Assessment

o Risk Assessment
 COVID-19 Crisis and Impact on Anechoic Chamber Demand
 COVID-19 Impact Benchmark with Previous Crisis
 Impact on Market Value (US$ Mn)
 Assessment by Key Countries
 Assessment by Key Market Segments
 Action Points and Recommendation for Suppliers

o Key Trends Impacting the Market

o Formulation and Product Development Trends

• Market Background and Foundation Data Points

o Global Protective Coatings Market (US$ Mn)

o Anechoic Chamber Market Opportunity Assessment (US$ Mn)

 Total Available Market
 Serviceable Addressable Market
 Serviceable Obtainable Market

o Market Scenario Forecast

 Demand in optimistic Scenario
 Demand in Likely Scenario
 Demand in Conservative Scenario

o Investment Feasibility Analysis

 Investment in Established Markets
 In Short Term
 In Long Term

 Investment in Emerging Markets

 In Short Term
 In Long Term
o Forecast Factors - Relevance & Impact

 Top Companies Historical Growth
 Global Protective Coatings Market Growth
 Anechoic Chamber Adoption Rate, By Country

o Market Dynamics

 Market Driving Factors and Impact Assessment
 Prominent Market Challenges and Impact Assessment
 Anechoic Chamber Market Opportunities
 Prominent Trends in the Global Market & Their Impact Assessment

• Key Success Factors

o Manufacturers' Focus on Low Penetration High Growth Markets
o Banking on with Segments High Incremental Opportunity
o Peer Benchmarking

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Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.

This release was published on openPR.