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EMC Shielding and Test Equipment Market Research Report – Global Forecast till 2027

EMC Shielding and Test Equipment Market Information By Type (Coatings & Paints, EMI Enclosure, EMI Gaskets, Vents & Filters, EMI Shielding Tapes and Others) and By Application (Consumer Electronics, IT & Telecom, Automotive & Industrial, Defense & Aerospace, Healthcare and Others), By Type (Signal and Impulse Generators, Amplifiers, Spectrum Nalyzers, EMI Test Receiver and Others) and By Application (Third-Party Laboratories, In-House Laboratories and Government Laboratories), By Region (North America, Europe, Asia Pacific and rest of the w

ID: MRFR/SEM/5997-CR | February 2019 | Region: Global | 137 Pages         

EMC Shielding and Test Equipment Market

EMC Shielding and Test Equipment Market is expected to reach 3,921.5 million by 2024, at a CAGR of 6.55%

Segmentation

By Type Coatings and Paints EMI Gaskets Vent and Filters EMI Enclosures EMI Shielding Tapes
By Application IT and Telecommunication Consumer Electronics Automotive and Industrial Aerospace and Defense Healthcare

Key Players

  • Laird PLC
  • Leader Tech. Inc.
  • Chomerics Inc.
  • KGS Kitagawa Industries Co. Ltd.
  • Rohde & Schwarz GmbH & C.
  • ETS-Lindgren Inc.
  • 3M Company
  • HV Technologies Inc.
  • Kemtron Ltd.
  • Keysight Technologies Inc.

Drivers

  • The wide range of use and acceptance of Electromagnetic Compatibility and Test Equipment
  • The developments in the automotive industry
  • Advancements in cellular infrastructure
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EMC Shielding and Test Equipment Market Overview:


During the Forecast Period until 2024, there is an estimation of rising in the EMC Shielding and Test Equipment Market with a CAGR (Compound Annual Growth Rate) of 6.55%. The international market will display an ultimate rise that is expected to reach 3,921.5 million US Dollars, during the forecast period. This estimation of rising in the market value and CAGR depicts that the international EMC Shielding and Test Equipment Market Size will face a healthy rise by 2024.


With an increase in the wide range of use of automation, consumer electronics, and IT and telecommunications, there will be growth in the market shares as well. The EMC Shielding and Test Equipment Market helps in plummeting the complications in manufacturing consumer electronics. Also, its adoption supports several automotive industries to test the overall vehicle’s performances. Thus, all these reasons lead to an ultimately positive and healthy rise in the markets shares.


Covid 19 Analysis:
The uncertain covid 19 pandemics and lockdowns have led to declining in several industries and enterprises. The EMC Shielding and Test Equipment Market Share also suffered during the covid 19 periods. However, the increasing demands for the production of consumer electronic goods have upsurged the need for the Global EMC Shielding and Test Equipment Market. This is because this market helps in eliminating the intricacies that hamper the productions.  Thus, the market was rolling the acceptance of Covid 19 pandemics impacts.


Moreover, the rising demands of EMC shielding in the automation businesses also lead to surge the covid 19 impacts on the Electromagnetic Compatibility (EMC) Test Equipment Market. The EMC shielding helps in boosting the vehicle performance and checking the lubricant aeration, engine oil consumption. All these factors are equally responsible for surging the impacts of the pandemic.


Market Dynamics:
The market dynamics cover the in-depth analysis of the factors that motivate or declines the electromagnetic compatibility shielding and test equipment market.  The essential factors are drivers, opportunities, restraints, challenges, and Cumulative growth analysis.


Drivers:
The major drivers of the global market are the wide range of use and acceptance of Electromagnetic Compatibility and Test Equipment. The use of this equipment in several affluent verticals like IT & Telecommunication, Consumer electronics, automation, defense, and aerospace are other factors leading to the growth in international markets.


Moreover, the growing needs and demands of EMC Shielding in automotive enterprises for boosting up vehicle performance and assessing other similar parameters also drive the global market. All these driving factors are enhancing the growth of the EMC Shielding and Test Equipment industry.


Opportunities:
According to the analysis, the rising demands for the EMC Test Equipment is the best factor that offers market opportunities. This equipment helps in removing the complexities and difficulties that hinder the production of electronic goods for consumers. Wide-range adoption of such equipment in the automotive industries are other opportunities to focus upon. Expansion of wireless networks and rise in the IT and Telecommunication industries also support in boosting the international market growth.


Restraints:
Along with the several drivers and opportunities in the market, some major restraining factors affect the market growth globally. High costs indulged with the EMC Shielding and Test Equipment industry hampers the market growth. Due to these high costs and expenses, production tends to decreases, and supplies will hamper. Thus, the difference between the high demands and fewer supplies can hinder the international market growth.


Challenges:
Due to the developments in integrated circuits and power systems, there is a substantial decrease in the size of numerous electronic gadgets, such as cellphones, cameras, televisions, and computers. Because the technology incorporates numerous components (such as receivers, sensors, transmitters, and others) in a single compressed encloser, the shrinking of such devices raises concerns about signal interference within the device. The proximity of neighboring components inside the same device, as well as the smaller size of the components, greatly increases the risks of EMC exposure.  


The reduced dimension also limits the amount of area that may be used for EMC shielding. It's difficult to spot EMI with such small circuitry. While basic off-the-shelf shielding boxes have been utilized in the past, their inability to fit into existing designs prevents them from being used in these tiny devices. This mandates the usage of customized shielding technologies, which raises the overall cost of the device. This is the major challenging factor that the Global EMC Shielding and Test Equipment Market needs to overcome.


Cumulative Growth Analysis:
The rising demands for EMC Shielding and Test Equipment tend to increase the overall market growth. The market is expected to grow at a CAGR of 6.55%. The market value estimation during the forecasting period will rise and reach up to 3.921.5 million US Dollars. Moreover, the need for such equipment in defense, aerospace, consumer electronics, and other affluent verticals will lead to positive market growth in the upcoming years.


Value Chain Analysis:
The rising electromagnetic pollution, increasing demand for consumer electronics, and the expanding popularity of electric vehicles all present significant prospects for EMC shielding solutions to be adopted in a variety of applications. EMC shielding is likely to dominate the market over the forecast period, owing to the increasing need for EMC shielding. The increasing demands in automation and the IT & Telecommunication sector will also propel the global market growth.


EMC Shielding and Test Equipment Market Segment Overview:
As per the market research, some market segmentations classify the EMC Shielding and Test Equipment Market. Both the EMC shielding Equipment and EMC test Equipment are based on type and application.


Under EMC Shielding Equipment:
By Type:



  • Coatings and Paints

  • EMI Gaskets

  • Vent and Filters

  • EMI Enclosures

  • EMI Shielding Tapes

  • Others


By Application:



  • IT and Telecommunication

  • Consumer Electronics

  • Automotive and Industrial

  • Aerospace and Defense

  • Healthcare

  • Others


Under EMC Test Equipment:
By Type:



  • Signal and Impulse Generators

  • Spectrum Analyzers

  • EMI Test Receivers

  • Others


By Application:



  • Third-party Laboratories

  • In-House Laboratories

  • Government Laboratories


EMC Shielding and Test Equipment Market Regional Analysis:
Regionally, the Global EMC Shielding and Test Equipment Market study covers North America, Latin America, Europe, the Middle East, and Africa, and the Asia Pacific. Among all these regions, the Asia Pacific is expected to grow during the forecasting period. This is because of the increasing requirements of EMC shielding and test equipment in the manufacturing industries of the region. In the upcoming years, this region will grow exponentially and gain a superior position in the international market.


Moreover, the wide range acceptance of EMC shielding and test equipment in the development of the IT and Telecommunication industry will increase the market in North America as well. It is expected that North America is going to reach a market value of 477.0 million US Dollars in the forthcoming forecasting period.   


EMC Shielding and Test Equipment Market Competitive Landscape:
This market has executed several kinds of organic and inorganic technologies to lead to positive growth. For example, Product developments, product launches, research and developments, acquisitions, and others, to make a strong and effective place in the market. The leading key players that support this market are as follows:



  • Laird PLC

  • Leader Tech. Inc.

  • Chomerics Inc.

  • KGS Kitagawa Industries Co. Ltd.

  • Rohde & Schwarz GmbH & C.

  • ETS-Lindgren Inc.

  • 3M Company

  • HV Technologies, Inc.

  • Kemtron Ltd.

  • Keysight Technologies Inc.


Recent Developments:



  • October 2020: Nanotech Energy Inc., which is a Los-Angeles-based company and the foremost provider of graphene proclaimed to launch its proprietary graphene powdered coatings and EMI Armor Paint and sheets, etc., for EMI and RFI Shielding and heat management.

  • March 2020: PPG purchased Alpha Coating Technologies (US), a powder coatings manufacturer specializing in light industrial applications and heat-sensitive substrates. Alpha's service, technology, and quick turnaround color matching capabilities will be a valuable asset to PPG.

  • November 2019: Teseq's CBA D-series included a 1.0—6.0GHz 400W P1dB RF power amplifier. It is ideal for RF EMC immunity testing, both radiated and conducted, in the commercial, automotive, aerospace, and military sectors.

  • October 2019: Keysight Technologies upgraded their N9048B PXE EMI Receiver from 26.5 GHz to 44 GHz. It provides support to acknowledge the customer’s current and future compliance testing needs with its various standard bodies like FCC Part 15 and MIL-STD-461G.


Report Overview:
This market research report covers an in-depth and detailed analysis of some market dynamics including drivers and restraints and others that support the global market to grow rapidly. Other factors indulged in this market report are value chain analysis, market segmentation, recent developments, and competitive key players, etc. Historical trends of the market, future estimates, and region analysis are also covered in the report. All the details mentioned in this report are either generated from primary sources or secondary sources.


Report Details:



  • Historic Period: 2017-2021

  • Base Year: 2021

  • Forecast Period: 2021-2024


Geographic Distributions:



  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • The Middle East and Africa



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 3,921.5 Million
  CAGR   6.55%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Laird PLC, Leader Tech. Inc., Chomerics Inc., KGS Kitagawa Industries Co. Ltd., Rohde & Schwarz GmbH & C., ETS-Lindgren Inc., 3M Company, HV Technologies, Inc., Kemtron Ltd. and Keysight Technologies Inc.
  Key Market Opportunities

  • The rising demands for the EMC Test Equipment
  • Expansion of wireless networks and rise in the IT and Telecommunication industries
  •   Key Market Drivers

  • The wide range of use and acceptance of Electromagnetic Compatibility and Test Equipment
  • The developments in the automotive industry
  • Advancements in cellular infrastructure


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    Frequently Asked Questions (FAQ) :

    The EMC shielding and test equipment market is expected to strike 6.55% CAGR during the review period.

    The EMC shielding and test equipment market is poised to value at USD 3921.53 Mn by 2024.

    By type of EMC shielding, the coatings and paint segment is projected to account for the maximum market share.

    The signal & impulse generator segment is expected to register 7.69% CAGR over the review period.

    The North America market is assessed to mark 7.6% CAGR across the forecast period.

    The key players analyzed in the share analysis are Laird PLC, Chomerics, Inc., KGS Kitagawa industries CO., Ltd, Leader Tech, Inc., 3M Company, Rohde & Schwarz GmbH & Co. KG, Kemtron Ltd, HV Technologies, Inc., Keysight Technologies, Inc., and ETS-Lindgren Inc.

    The developments in the automotive industry and advancements in cellular infrastructure are expected to drive market growth in the coming years.

    Competitive Landscape:


    The global EMC shielding and test equipment market consists of various global and local manufacturers that are continuously developing new technologies based on EMC shielding and test equipment to expand globally and enhance their market positions. The manufacturers compete based on cost, new product launches, and technologies in the EMC shielding and test equipment market. EMC shielding is used in various applications such as consumer electronics, IT, and telecommunication. Moreover, the increasing complexities in designs of consumer electronic devices are driving the market of EMC shielding and test equipment due to the high demand for systems on chips in smartphones.


    The companies are primarily focusing on product developments and product launches. Various key players in the market such as 3M Company, Laird Plc, Keysight technologies Inc., Rohde & Schwarz GmbH & Co. KG and others are developing EMC shielding and test equipment based on the application requirements Electrolube Ltd. a division of HK Wentworth Ltd. launched new Form-in-Place EMI shielding materials (FIP200 and FIP210) in May 2018. These EMI shielding materials are designed to provide superior protection of electrical devices from electromagnetic interference in harsh environments. The improvement of the global economic scenario combined with technological advancements in emerging economies such as India, South Africa, China, Brazil, Argentina, and others are likely to fuel market growth, making it an ideal time for the EMC shielding and test equipment market to expand geographically and increase the global market share.


    3M Company is a US-based company that develops consumer, industrial, and safety products. In 2017, the company invested around USD 1.70 billion in research and development with a focus of covering basic scientific research and the application of scientific advances in the development of new and improved products and their uses. The company is also developing test and process technologies, that enable product innovation and improves the performance of existing products. Few EMC shielding and test equipment products that the company manufactures are RFID materials, conductive adhesive transfer tapes, EMI absorbers, and others.


    Laird Plc is a UK-based company that develops, designs, and markets components and solutions for protecting and connecting electronics. In 2017, the company invested around USD 31.5 million in research and development for developing and enhancing current products. The company focuses on three segments, namely, performance materials, connected vehicle solutions, and wireless and thermal systems. Some of the EMC shielding and test equipment products that the company deals in are Ferrite Toroids, Ferrite beads on wire, Common mode chokes, and Ferrite cable cores.


    Keysight Technologies Inc. is an American company that offers electronic design and test solutions for communication and electronic industries. The company operates under four segments, namely, Ixia Solutions Group, Communications Solutions Group, Electronic Industrial Solutions Group, and Services Solutions Group. In 2017, the company invested USD 498 million in research and development to support new product introductions and complete customer solutions aligned to the industry.


    Rohde & Schwarz GmbH & Co. KG designs, manufactures, and distributes information & communication technology and security technology products for professional users. The company provides product under various categories such as broadcast and media, cybersecurity, test and measurement, secure communications and monitoring and network testing. With a considerable focus on the development of new products by investing in research and development, the company is planning to add value to its offerings.  Additionally, the company also focuses on partnerships and collaborations for global expansion and strengthening the market position.


    Conclusively, to increase their stability in the market, key players are required to increase investments in research and development to enhance the performance of existing products and leverage innovation in the technology to meet the application demand.