Global EMC Shielding and Test Equipment Market size and share is currently valued at USD 7.71 billion in 2024 and is anticipated to generate an estimated revenue of USD 11.92 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 5.6% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Market Overview:
EMC shielding and test equipment are essential in designing and manufacturing electronic devices that comply with regulatory standards for electromagnetic emissions. Shielding involves using materials or structures to block or reduce electromagnetic interference, while test equipment is used to evaluate and certify devices for compliance with international and regional EMC standards.
This market serves a wide range of industries, including automotive, aerospace, telecommunications, healthcare, and consumer electronics. With the rapid advancement of technologies such as 5G, IoT, and autonomous vehicles, the need for comprehensive EMC solutions has become more critical than ever.
Market Growth Drivers:
- Proliferation of Electronic Devices
The increasing number of electronic devices in homes, industries, and public spaces is driving demand for EMC shielding to prevent interference and ensure optimal performance. - Stringent Regulatory Requirements
Regulatory bodies worldwide are imposing strict standards on electromagnetic emissions, compelling manufacturers to adopt EMC shielding and testing solutions to ensure compliance. - Advancements in Wireless Communication
The rollout of 5G networks and the expansion of IoT applications have heightened the need for robust EMC solutions to address interference challenges in high-frequency environments. - Growth in Electric and Autonomous Vehicles
The rise of electric vehicles (EVs) and autonomous driving systems has created a significant demand for EMC shielding to protect sensitive components and ensure reliable operation. - Increased Awareness of Health and Safety Concerns
Growing awareness of the potential health risks associated with electromagnetic radiation is driving investments in EMC solutions, particularly in healthcare and consumer electronics.
Major Key Players:
- ETS-Lindgren
- HV TECHNOLOGIES, Inc.
- Kemtron Ltd
- Keysight Technologies
- KITAGAWA INDUSTRIES CO., LTD.
- Laird Technologies, Inc.
- PARKER HANNIFIN CORP
- PPG Industries, Inc.
- Rohde & Schwarz
- RTP Company
- Tech Etch, Inc.
- TUV SUD
𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
Recent Development:
- September 2023
PPG Industries announced the completion of a USD 2.7 million investment to expand its Sumaré powder coatings plant in Brazil. This expansion increased the plant’s production capacity by 40%, enhancing its ability to meet growing demand for powder coatings in the region.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
The research study includes segmental analysis that divides the market into distinct groups or segments based on common characteristics. With market segmentation, businesses can identify specific customer groups that are more likely to be interested in specific products or services. Also, it enables these businesses to focus their marketing efforts and resources more efficiently, leading to higher conversion rates and improved return on investment. Furthermore, segmentation analysis helps companies develop personalized products or services, which can result in increased customer loyalty and improved customer satisfaction.
EMC Shielding and Test Equipment Market, Equipment Type Outlook (Revenue – USD Billion, 2019-2032)
- Amplifiers
- Spectrum Analyzers
- EMI Receivers
- Signal Generators
- EMC Test Chambers
- Transient Generators
- Others
EMC Shielding and Test Equipment Market, Material Outlook (Revenue – USD Billion, 2019-2032)
- EMC Shielding Tapes & Laminates
- Conductive Polymers
- Conductive Coatings & Paints
- EMC Filters
EMC Shielding and Test Equipment Market, End-User Outlook (Revenue – USD Billion, 2019-2032)
- Healthcare
- Automotive
- Aerospace & Defence
- Consumer Electronics
- IT & Telecommunications
- Others
The EMC shielding and test equipment market is poised for robust growth as industries continue to adopt advanced technologies that require precise electromagnetic compatibility. Innovations in shielding materials, automation of testing processes, and the integration of AI are expected to drive the market forward.