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The electromagnetic compatibility (EMC) test equipment market size is estimated to grow at a CAGR of 5.29% between 2023 and 2028. The market size is forecast to increase by USD 2.08 billion. The growth rate of the market depends on several factors, including augmented production of smartphones, increased demand from the aerospace and defense sector, and the growing telecommunication sector. EMC test equipment is used to ensure the proper operation of an electronic device in its electromagnetic environment. The equipment also controls the electromagnetic radiation of the electronic device under test.
The report includes a comprehensive outlook on the Electromagnetic Compatibility Test Equipment Market, offering forecasts for the industry segmented by End-user, which comprises consumer electronics, telecommunications, aerospace and defense, automotive, and others. Additionally, it categorizes Product into EMI test receivers, signal generators, broadband amplifiers, spectrum analyzers, and others, and covers Region, including APAC, North America, Europe, South America, and the Middle East and Africa. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
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The augmented production of smartphones is the key factor driving market growth. There is an increase in the export of electronic goods from China, Japan, and Singapore across the world. Mostly, medium and low-priced equipment is exported from this region. Also, strong growth in the semiconductor and electronics industry in APAC is driving the growth of the global EMC test equipment market.
Furthermore, the need for EMC test equipment has increased in these countries with the increase in sales of smartphones. The evolving network and mobile technologies require test and measurement equipment, such as EMC test equipment, to ensure quality and reliability. Therefore, it is positively impacting the EMC test equipment market. Thus, such factors are expected to drive the growth of the market during the forecast period.
The emergence of automotive wireless technologies is the primary trend shaping market growth. Wired and wireless serial communications have been widely implemented in vehicles, and these systems are also contributing to the demand for EMC test equipment. MOST150 and Broad R-Reach Ethernet for cars are two communication technologies, which are increasingly being used in vehicles. In addition, cars are equipped with advanced features such as an advanced GPS and a hot spot that converts 3G or 4G signals into Wi-Fi.
Moreover, due to the restructuring of the production process, the automotive sector has seen the sales volumes of commercial vehicles and passenger cars returning to the pre-crisis level in these countries. Therefore, it is positively impacting the electromagnetic compatibility test equipment market. The increase in the implementation of these technologies is expected to create demand for EMC test equipment in the automobile sector, which, in turn, will drive the growth of the global market focus during the forecast period.
The necessity for price-sensitive and multiple technology solutions is a challenge that affects market growth. The increase in raw material costs and import duties imposed by governments worldwide has increased the production cost of the equipment. A majority of the test equipment vendors are dependent on raw materials from China for manufacturing the products. All these factors add to the overall cost of the test equipment, restricting new purchases by end-users.
In addition, developing test equipment that is compatible with a wide range of technologies is another concern for testing solution providers. A smartphone consists of multiple radio circuits in a single unit. Therefore, developing a testing solution that is compatible with all the technologies is important. Therefore, it is negatively impacting the electromagnetic compatibility test equipment market. Hence, due to such factors, the market is expected to witness a hindrance in growth during the forecast period.
The market share growth by the consumer electronics segment will be significant during the forecast period. The sales of consumer electronic devices are expected to increase because of the increase in disposable income, reduced cost of consumer electronics, and the changing lifestyle in developing countries such as India. The demand for consumer electronic goods is attributed to the high demand for mobile devices such as smartphones and tablets.
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The collaborative product data management segment showed a gradual increase in the market share of USD 2.21 billion in 2018. The growing laptop sales are contributing to the growth of the EMC test equipment market, as consumers are shifting toward laptops from desktop PCs. The growing production of electronic devices to be used in consumer electronic products is driving the need for effective EMC testing during the production and post-production processes. Due to such factors, the demand for consumer electronics is expected to increase, thereby driving the growth of the global electromagnetic compatibility (EMC) test equipment market during the forecast period.
The EMI test receiver product segment of the electromagnetic compatibility (EMC) test equipment market in the automotive industry is expected to grow at a significant rate. EMI test receivers are essential tools for assessing and ensuring the electromagnetic compatibility of electronic devices and systems. As the electronics industry continues to expand, there is a growing need to ensure that electronic devices and systems do not interfere with each other. Furthermore, new technologies and products are continually being developed, and EMI testing is a fundamental step in their development. As more innovative products come to market, the demand for EMI test receivers increases.
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APAC is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growth in the region is due to the leading revenue-generating countries such as China, Japan, South Korea, and India. Increasing growth in end-user industries has been driving the demand for EMC test equipment in the region. In addition, the manufacturers of consumer electronics are expanding across emerging economies, such as India, to benefit from low-cost production and the availability of skilled workers. Although the sales growth of conventionally fueled vehicles is slow, the demand for electric vehicles has been increasing. Therefore, owing to the increasing production of electric vehicles, the demand for EMC test equipment is increasing in the region. Hence, these factors will drive the market growth in the region during the forecast period.
The Electromagnetic Compatibility (EMC) Test Equipment Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Electromagnetic Compatibility (EMC) Test Equipment Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The electromagnetic compatibility (EMC) test equipment market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2022
Electromagnetic Compatibility (EMC) Test Equipment Market Scope |
|
Report Coverage |
Details |
Page number |
185 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.29% |
Market Growth 2024-2028 |
USD 2.08 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.87 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 44% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AMETEK Inc., Anritsu Corp., AR Inc., Bureau Veritas SA, Com Power Corp., DEKRA SE, ESCO Technologies Inc., Eurofins Scientific SE, Fortive Corp., Frankonia Germany EMC Solutions GmbH, Good Will Instrument Co. Ltd., Intertek Group Plc, Keysight Technologies Inc., Laird Connectivity, Parker Hannifin Corp., Rohde and Schwarz GmbH and Co. KG, SGS SA, TUV SUD AG, NITTO KOGYO CORP., and GAUSS INSTRUMENTS International GmbH |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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