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Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market Size, Growth, Share, Analysis And Forecast To 2033
Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market Size
As per the report, the equipment in electromagnetic compatibility (EMC) shielding and test equipment market size has grown strongly in recent years. It will grow from $7.4 billion in 2023 to $7.87 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The equipment in electromagnetic compatibility (EMC) shielding and test equipment market size is expected to see strong growth in the next few years. It will grow to $10.15 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%.
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Growth In EMC Shielding And Test Equipment Market Driven By Escalated Demand For Electronic Devices
The escalated demand for electronic devices is expected to propel the growth of the electromagnetic compatibility (EMC) shielding and test equipment market going forward. EMC shielding and test equipment ensure electronic devices operate reliably in their intended environments. Shielding protects devices from external interference and prevents them from emitting harmful EMI. Meanwhile, test equipment helps designers and engineers evaluate and mitigate EMI issues, ensuring compliance with regulatory standards and enhancing the overall performance and safety of electronic products. For instance, in January 2023, according to the annual financial report 2022 published by LG, a South Korea-based consumer electronics company, LG achieved annual revenue with sales exceeding $60 billion, marking a 12.9% increase from 2021, when sales first surpassed approximately $52.70 billion. Moreover, the LG Home Appliance & Air Solution Company generated $22.5 billion in revenue, a 10.3% rise from the previous year. Therefore, the escalated demand for electronic devices is driving the growth of the EMC shielding and test equipment market.
Innovative Technologies Driving Advancements in the EMC Shielding and Test Equipment Market
Major companies operating in the EMC shielding and test equipment market are innovating switchable three-phase coupling networks to serve customers with advanced features better. A switchable three-phase coupling network is a device that is used for three-phase power lines and can dynamically adjust its decoupling inductance based on the chosen current range. For instance, in November 2023, AMETEK CTS, a Switzerland-based EMC compliance testing and RF power amplifiers provider, introduced the switchable three-phase Teseq coupling network with a switchable current range named CDN 3063A-C100.1. This product is designed to meet the current surge standard IEC 61000-4-5 and offers selectable current ranges of 32 A, 63 A, and 100 A. and offers selectable current ranges of 32 A, 63 A, and 100 A. The CDN 3063A-C100.1 is packaged in a compact 34 HU rack and can be used with the NSG 3060A compact generator. The product simplifies the testing setup process, reduces costs, and ensures compliance with industry standards.
The electromagnetic compatibility (EMC) shielding and test equipment market covered in this report is segmented -
1) By Equipment Type: Amplifiers, Spectrum Analyzers, Electromagnetic Interference (EMI) Receivers, Signal Generators, Electromagnetic Compatibility (EMC) Test Chambers, Transient Generators, Other Equipment Types
2) By Material: Electromagnetic Compatibility (EMC) Shielding Tapes And Laminates, Conductive Polymers, Conductive Coatings And Paints, Electromagnetic Compatibility (EMC) Filters
3) By End-User: Healthcare, Automotive, Aerospace And Defense, Consumer Electronics, Information Technology And Telecommunications, Other End-Users
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Major companies operating in the electromagnetic compatibility (EMC) shielding and test equipment market are 3M Company, Parker-Hannifin Corporation, TDK Corporation, AMETEK Inc., Tektronix, Teledyne LeCroy, Keysight Technologies, Rohde & Schwarz GmbH & Co. KG, National Instruments, Anritsu Corporation, RTP Company, Laird Technologies Inc., ETS-Lindgren, RIGOL TECHNOLOGIES Co. LTD., Leader Tech Inc., Schmid & Partner Engineering AG, Kemtron Ltd., HV TECHNOLOGIES Inc., EMC Technologies, KGS Kitagawa Industries Co. Ltd
Contents of the report:
1. Executive Summary
2. Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market Report Structure
3. Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market Trends And Strategies
4. Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market - Macro Economic Scenario
5. Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market Size And Growth
…..
27. Electromagnetic Compatibility (EMC) Shielding And Test Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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