EMC Testing Market Insights, Competitive Analysis, Latest Trends, And Forecast To 2033

"The Business Research Company recently released a comprehensive report on the Global EMC Testing Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The emc testing market size has grown strongly in recent years. It will grow from $2.4 billion in 2023 to $2.57 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to growing awareness of electromagnetic interference, growing aerospace and defense sector, expansion of automotive electronics, adoption of medical electronics, increasing complexity of electronic systems.

The emc testing market size is expected to see strong growth in the next few years. It will grow to $3.25 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to globalization of electronics manufacturing, proliferation of iot devices, increasing complexity of medical devices, rapid growth in electric vehicles, expansion of renewable energy technologies, rise in telecommuting technologies. Major trends in the forecast period include technological advancements in electronics, integration of ai and machine learning, advancements in aerospace technologies, green emc testing practices.

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Market Drivers and Trends:

Rising demand for electrical vehicles is expected to propel the growth of the EMC testing market going forward. An electric vehicle is described as a vehicle that has an electric motor capable of drawing power from a battery and has an external source for charging. In electrical vehicles, EMC testing measures the radio frequency (RF) emissions produced by the car's electrical systems. It assesses their susceptibility to RF impulses inside and outside the vehicle. For instance, in September 2022, according to the International Energy Agency, a France-based autonomous intergovernmental organization, electric car sales set a new high in 2021, climbing by 4%. Sales nearly double to 6.6 million compared to 2020, increasing the total number of electric vehicles on the road to 16.5 million. Therefore, the rising demand for electrical vehicles is driving the growth of the EMC testing market.

Technological advancement is a key trend gaining popularity in the EMC testing market. Major companies operating in the EMC testing market are focused on innovating new technological solutions and devices to sustain their position in the market. For instance, in June 2022, Gauss Instruments, a Germany-based manufacturer of EMC test equipment, launched the TDEMI S Series, a new real-time spectrum and signal analyzer for EMC testing. The TDEMI S Series can be upgraded to operate in the terahertz frequency range using external mixers. It is a fantastic tool for applications requiring field or onboard testing due to its small size and 12-volt output. These spectrum analyzers and receivers have been designed to use little power while performing at the highest level possible. Signal recording and analysis are now feasible in entirely new ways thanks to the new HyperOverlapping technology. The maximum measurement accuracy is attained by high-resolution ADCs, which employ a patented method to correct for nonlinear effects.

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Major Key Players of the Market:

UL LLC, Eurofins Scientific SE, Anritsu Corporation, SGS SA, Agilent Technologies Inc., Bureau Veritas SA, Ametek Inc., Keysight Technologies Inc., Intertek Group PLC, DEKRA Group, Rohde & Schwarz GmbH & Co. KG, TÜV Rheinland Group, Element Materials Technology Group Limited, ESCO Technologies Inc., Nemko Group AS, National Technical Systems Inc., Good Will Instrument Co. Ltd., Elite Electronic Engineering Inc., Frankonia Group, MiCom Labs Inc, F2 Labs, GAUSS INSTRUMENTS International GmbH, Washington Laboratories Ltd, NCEE Labs, G&M Compliance Inc., AR Inc., Com-Power Corporation, E-Labs Inc., QAI Laboratories

EMC Testing Market 2024 Key Insights:

• The emc testing market size is expected to see strong growth in the next few years. It will grow to $3.25 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%.
• Growing Adoption Of Electric Vehicles Boosts Demand For Emc Testing Market
• Technological Innovation Drives Advancements In Emc Testing Market
• Asia-Pacific was the largest region in the EMC testing market in 2023

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