EMC Shielding and Test Equipment Market: Investment Opportunities with CAGR of 4.5% and US$ 11,440.5 Million Projected by 2033

The EMC Shielding and Test Equipment Market is experiencing unprecedented growth due to the surging demand and consumption of smart electronic devices in various industries such as consumer electronics, healthcare, automotive, and telecommunications. As the number of electronic devices proliferates, ensuring electromagnetic compatibility becomes a critical concern. To preserve the seamless operation of these devices and prevent electromagnetic interference (EMI), the importance of EMC shielding and test equipment cannot be overstated.

The global EMC shielding and test equipment market size is anticipated to cross a valuation of US$ 7,336.9 million in 2023. It is predicted to attain a valuation of US$ 11,440.5 million by 2033. The market is projected to showcase a CAGR of 4.5% from 2023 to 2033.

The rising demand and consumption of smart electronic devices have heightened the demand for EMC shielding and test equipment. There is a rising need to assure electromagnetic compatibility as electronic devices proliferate across a variety of industries. Including consumer electronics, healthcare, automotive, and telecommunications. To avoid electromagnetic interference (EMI) and preserve the appropriate operation of these devices, EMC shielding, and test equipment are crucial.

The complexity, integration, and tight packing of contemporary electronic devices have increased risks of electromagnetic interference. During the design, development, and manufacturing phases of electronic systems, EMC shielding, and test tools play a critical role in identifying and reducing possible EMI problems.

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With increased electrification, connectivity, and automation in automobiles and airplanes, the automotive and aerospace industries have experienced substantial development. To ensure the dependable functioning of electronic systems in difficult conditions, these industries need strict EMC compliance, which raises the need for EMC shielding and test equipment, and foster market growth.

Power generation, transmission, and distribution in the energy and power sector rely on complex electronic machinery and control systems. To safeguard against electromagnetic interference and maintain the stability and dependability of power systems EMC shielding is required, Moreover, to ensure the appropriate operation of electronic components in power infrastructure, EMC shielding, and testing are crucial. The expanding power demand across the globe, coupled with rising industrialization is expected to bolster market growth in the coming years.

Industrial settings are becoming more and more dependent on electronic control systems due to the advent of industrial automation and the Industrial Internet of Things (IIoT). These systems must function dependably and coexist without interfering with one another. By reducing EMI dangers, EMC shielding and test equipment are essential for assuring the smooth operation of industrial automation and control systems. The increasing digitalization is anticipated to substantially aid in market progress.

Key Takeaways from EMC Shielding and Test Equipment Market:

• The global EMC shielding and test equipment market size expanded at a CAGR of 3.9% from 2018 to 2022.

• In 2018, the global market size stood at US$ 5,827.8 million.

• The market size accounted for US$ 7,355.9 million in 2022.

• In 2022, the consumer electronics segment by vertical captured 32% shares in the global market.

• In 2022, India garnered 6.1% shares in the global market.

• In 2022, China captured 5.8% shares in the global market.

• Japan occupied 5.9% shares in the global market in 2022.

• In 2022, the United States captured 24.7% shares in the global market.

Recent Developments Observed by FMI:

• SGS announced in July 2021 the launch of new mobile equipment in locations around the United States. The new launch is for in-situ Electromagnetic Compatibility (EMC) and Electromagnetic Interference (EMI) testing services.

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Market Segmentation

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
• East Asia
• South Asia
• Oceania
• The Middle East & Africa (MEA)

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This release was published on openPR.