EMC Testing Market Growth: Global Industry Size, Share, Emerging Trends, Top Players, Demand

According to our latest study on "EMC Testing Market Forecast to 2030 - Global and Regional Share, Trends, and Growth Opportunity Analysis - by offering, service type, and end-use," the EMC testing market size was valued at US$ 2.55 billion in 2022 and is expected to reach US$ 3.99 billion by 2030; it is estimated to record a CAGR of 5.8% from 2022 to 2030.

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Battery-powered electric vehicles (BEVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs) are the three primary forms of electric vehicles (EVs). Asia Pacific (Japan and China), Europe, and the US are among the most important markets for EVs, with strong sales performance. Electric two-wheelers, three-wheelers, and buses are gaining significant traction owing to rising environmental concerns and government support. Power converters, shielded and unshielded cables, electric motors, wireless chargers, and batteries are the key typical electric drive system components. All these components are susceptible to EMI and electromagnetic radiation. In recent years, the popularity of wireless charging has increased in the electric vehicles market.

Unlike automobiles powered by internal combustion engines, certain electric vehicles emit more electromagnetic waves when charging than when driving. The power required by the electric drive system is significantly higher than that required by the entire electric system in traditional automobiles. Other characteristics of an electric vehicle, including weight, size, and produced noise, need the use of specialist EMI shielding materials. As a result, the rise of the electric vehicle market is likely to open up significant opportunities for the electromagnetic compatibility (EMC) testing market players in the coming years.

The Key Players in The Global Market Are:

Ametek Inc
Element Materials Technology Group Ltd
Bureau Veritas Sa
Eurofins Scientific Se
Intertek Group Plc
Rohde & Schwarz Gmbh & Co Kg
SGS SA
TUV SUD AG
UL, LLC
NTS
Europe holds a significant share of the EMC testing market. Germany, France, the UK, and Italy are among the major countries contributing to the growth of the Europe EMC testing market. A positive outlook toward the adoption of advanced technologies in manufacturing and commercial operations is driving the Europe electromagnetic compatibility testing market. The automotive sector-led by Germany due to the presence of well-established automotive manufacturers such as Daimler AG, VW, BMW, Porsche, Opel, and Audi-is the largest contributor to the electromagnetic compatibility (EMC) testing market in Europe. The region comprises several major automotive manufacturing assembly and production plants. For instance, according to the European Automobile Producers Association (ACEA), 10.9 million passenger cars were produced in 2022, representing more than 8.3% growth from 2021. Similarly, in 2022, car exports in the region increased by 24.4%, reaching 177.22 billion, with Germany becoming the largest exporter with 98 billion cars, representing 59% of the total exports in Europe.

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The growing automotive production in the region is boosting the EMC testing market growth. EMC testing helps automotive manufacturers by upgrading their vehicle safety standards. These tests are performed to maintain numerous safety functions such as steering, braking, and avoiding collision, which raises the adoption among automotive manufacturers and fuels the EMC testing market growth in the region. The increasing investment in EVs is driving the EMC testing market. For instance, according to the International Energy Agency (IEA), the European Commission signed an agreement with the European Investment Bank to invest US$ 1.58 billion in the development of the EV sector. The investment also includes alternative fuel infrastructure and EV charging. The expansion of the EV sector in Europe increases demand for EMC testing to minimize the loop area by increasing the overall reliability parameters of the vehicle. Car manufacturers are making high investments in their EV production capabilities, which is further propelling the electromagnetic compatibility testing market growth in Europe.

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