EMC Shielding and Test Equipment Market to Reach USD 17.0 Billion by 2034, Driven by Rising EV Adoption and Consumer Electronics Boom | Transparency Market Research

The global EMC shielding and test equipment market was valued at USD 9.5 billion in 2023 and is expected to grow at a CAGR of 5.3% from 2024 to 2034, reaching USD 17.0 billion by the end of the forecast period. The increasing demand for consumer electronics and the rising adoption of electric vehicles (EVs) are driving this market's expansion. Electromagnetic compatibility (EMC) shielding ensures that sensitive electronic signals are protected from external electromagnetic interference (EMI) and that strong signals do not leak out, affecting surrounding devices.

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Market Drivers & Trends

Surge in Demand for Consumer Electronics

Consumer electronics require EMC shielding and test equipment to ensure compliance with safety and regulatory standards. The increase in disposable income and urbanization has led to a surge in demand for smartphones, tablets, and laptops. Additionally, remote work and the rise in smart home devices have further contributed to market growth.

The consumer electronics market in the U.S. reached US$ 110.0 billion in 2021.
The total sales of consumer technology in the U.S. were approximately US$ 487.0 billion in 2021.
The U.K. had 71.8 million mobile connections in early 2022, marking a 3.8% increase from 2021.
Rise in Adoption of Electric Vehicles

EVs generate electromagnetic interference that can impact their performance. EMC shielding is used in battery management systems, motor control, and infotainment systems to ensure smooth operation.

The global EV market is growing due to climate change concerns, government incentives, and improved battery technology.
In Germany, EVs accounted for 20% of the total car market in 2022.
China leads the global EV market, with over 50% of electric cars on the road and an 82% increase in new EV sales in 2022.
Key Players and Industry Leaders

The EMC shielding and test equipment industry is competitive, with major players focusing on innovation, acquisitions, and product diversification. Some of the leading companies include:

3M
Esco Technologies Inc.
Henkel Adhesives Technologies
Holland Shielding Systems BV
Keysight Technologies
Laird Performance Materials
Parker-Hannifin
PPG Industries
Rohde & Schwarz
TE Connectivity
Recent Developments

November 2023: AMETEK CTS launched the CDN 3063A-C100.1, a switchable three-phase Teseq coupling network with a switchable current range.
September 2023: PPG Industries expanded its powder coatings plant in Sumaré, Brazil, increasing production capacity by 40% with a US$ 2.7 million investment.

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Market Challenges and Opportunities

Challenges

High costs associated with EMC testing and compliance certification.
Rapid technological advancements require frequent product updates.
Stricter regulatory frameworks across different regions.
Opportunities

Growth in the 5G network and the Internet of Things (IoT) industries.
Increased use of EMC shielding in the healthcare sector to protect sensitive medical equipment.
Expansion of aerospace and defense applications requiring military-grade EMC shielding solutions.
Market Segmentation

The market is segmented based on shielding materials, methods, test equipment types, and end-use industries.

EMC Shielding

Materials: Coatings, polymers, elastomers, metal shielding, shielding tapes, and laminates.
Methods: Radiation and conduction.
Filtering: AC (single-phase & three-phase) and DC.
Insertion Loss: Differential mode and common mode.
EMC Test Equipment

Types: Spectrum analyzers, amplifiers, signal generators, EMI receivers, transient generators, anechoic chambers.
End-use Industries: Consumer electronics, IT & telecommunications, automotive, healthcare, aerospace, industrial, and defense.
Regional Insights

Asia Pacific: The Leading Market

Asia Pacific is expected to dominate the market due to rapid industrial growth, expansion in the electronics manufacturing sector, and increasing 5G deployment.

China: Accounted for 278 million privately-owned vehicles in 2022.
Japan and India: Growing demand for smart and connected cars.
China: Over 50% of global EVs are in the country, with a 60% market share in global EV sales.
Future Outlook

The EMC shielding and test equipment market is poised for steady growth, driven by advancements in electronics, automotive electrification, and the expansion of 5G networks. Companies are focusing on R&D to enhance shielding solutions, particularly for defense and aerospace applications.

Why Buy This Report?

This report provides comprehensive insights into the EMC shielding and test equipment market, including:

Market forecasts and trends from 2024 to 2034.
Competitive landscape with key player profiles.
Segmentation analysis by material, method, equipment type, and region.
Industry insights on drivers, challenges, and opportunities.
Regulatory landscape and impact on market growth.

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Frequently Asked Questions

What is the expected market size of the EMC shielding and test equipment industry by 2034?
The market is projected to reach US$ 17.0 billion by 2034, growing at a CAGR of 5.3%.

Which regions will lead the market growth?
Asia Pacific is anticipated to be the leading region due to rapid industrialization and high demand for consumer electronics and EVs.

What are the key factors driving market growth?
The increase in demand for consumer electronics, rising adoption of electric vehicles, and advancements in 5G and IoT technologies are primary growth drivers.

Who are the major players in the EMC shielding and test equipment market?
Key players include 3M, Esco Technologies Inc., Henkel Adhesives Technologies, Keysight Technologies, Laird Technologies, and Rohde & Schwarz.

What are the major challenges faced by the market?
High costs of EMC testing, frequent technological advancements, and strict regulations pose challenges to market growth.

With continuous technological advancements and increasing demand across industries, the EMC shielding and test equipment market is set for significant expansion in the coming decade.

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