Press release
EMC Testing Market: Rapid Growth, Key Drivers and Trends, and Forecasts for 2024-2029
EMC Testing Market Size
What Is The Projected Market Size Of The Global EMC Testing Market And Its Growth Rate?
The EMC testing market has seen robust growth in recent years due to the increasing awareness of electromagnetic interference and the expansion of various sectors like automotive electronics and medical electronics. Key statistics include:
• 2024 Market Size: $2.52 billion
• 2025 Market Size: $2.67 billion (5.9% CAGR)
• 2029 Estimated Market Size: $3.4 billion (6.2% CAGR)
The market's significant growth in the forecast period can be attributed to the globalization of electronics manufacturing, proliferation of IoT devices, and the increasing complexity of medical devices.
What Is Driving The Growth In The EMC Testing Market?
The surge in demand for electrical vehicles plays a vital role in driving the EMC testing market. Electric vehicles, which produce radio frequency (RF) emissions countered by EMC testing, saw sales reach 17.7% in the third quarter of 2023. Hence, the EMC testing market is experiencing growth propelled by this increased inclination towards electrical vehicles.
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Who Are the Key Players Driving EMC Testing Market Growth?
The growth of the EMC testing market is fueled by the following key players:
• 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
What Are The Key Trends In The EMC Testing Market?
The following trends are having a significant impact on the EMC testing market:
• Technological advancements in electronics
• Integration of ai and machine learning
• Advancements in aerospace technologies
• Adoption of green EMC testing practices
What Are The Segments Of The Global EMC Testing Market?
The global EMC Testing Market is categorized based on:
1) Offering Type: Hardware, Software
2) Services Type: Testing Services, Inspection Services, Certification Services, Other Services
3) End-Use: Consumer Appliances And Electronics, Automotive, Military And Aerospace, IT And Telecommunications, Medical, Industrial, Renewable Energy, Railways
Which Region Leads The EMC Testing Market?
Asia-Pacific led the EMC testing market in 2024. The regions covered include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The EMC Testing Market Global Market Report?
- Market Size Analysis: Analyze the EMC Testing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the EMC Testing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall EMC Testing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the EMC Testing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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