EMC Shielding and Test Equipment Market Size & Share

Updated on : Oct 22, 2024

EMC Shielding and Test Equipment Market Size & Share

The global EMC shielding and test equipment market size is expected to be valued at USD 8.4 billion in 2024 and is projected to reach USD 11.3 billion by 2029, growing at a CAGR of 6.2% during the forecast period from 2024 to 2029.  

The EMC shielding and test equipment market is driven by the escalating demand for advanced electronic devices across industries, propelling the need for robust electromagnetic compatibility solutions. The opportunity lies in rapid technological advancements, presenting innovative materials and testing methodologies to cater to evolving industry needs.

However, a notable challenge stems from the complexity of meeting stringent testing requirements, requiring continuous innovation and adaptability in EMC solutions to address the intricacies of modern electronic systems. The market's growth is further influenced by factors such as the high cost of EMC test equipment, which may pose financial barriers to widespread adoption, particularly for smaller enterprises. Despite these challenges, the market remains pivotal in ensuring the reliability and performance of electronic components and systems on a global scale.

EMC Shielding and Test Equipment Market Forecast to 2029

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EMC Shielding and Test Equipment Market Trends

Driver: Rapid industrialization and growing apprehensions about electromagnetic pollution

The global EMC shielding and test equipment industry is propelled by swift industrialization and growing apprehensions about electromagnetic pollution. The rapid expansion and technological progress in various industries resulted in a surge of electronic devices, leading to heightened electromagnetic interference.

To counteract the impact of this interference and ensure the dependability of electronic systems, there is an increasing demand for robust EMC shielding and test equipment. This demand is further emphasized by the rising awareness and concerns related to electromagnetic pollution, prompting industries globally to invest in comprehensive solutions for electromagnetic compatibility. Consequently, the EMC shielding and test equipment market emerges as a crucial player in preserving the integrity of electronic components on a global scale.

Restraint: High cost of EMC test equipment slows down to the widespread adoption

The high cost of EMC test equipment poses a significant restraint to the widespread adoption of EMC shielding and testing solutions. The acquisition, installation, and maintenance of sophisticated EMC test equipment often involve substantial financial investments.

This cost factor can be particularly challenging for smaller enterprises and organizations with limited budgets, hindering their ability to implement comprehensive EMC solutions. Additionally, the expense associated with training personnel to operate and interpret results from these specialized tools contributes to the overall economic burden. The high upfront costs may dissuade some businesses from prioritizing EMC testing, potentially compromising the effectiveness of electromagnetic interference mitigation strategies. As a result, the financial barrier associated with EMC test equipment remains a notable constraint in the broader adoption of robust EMC shielding and testing practices across various industries.

Opportunity: Rising adoption of electric vehicles (EVs) offers opportunity for the market growth of EMC shielding and test equipment

The rising adoption of electric vehicles (EVs) represents a significant opportunity in various industries. As the world transitions towards sustainable transportation, the demand for electric vehicles is rapidly increasing.

This shift presents opportunities for the EMC shielding and test equipment market as EVs heavily rely on intricate electronic systems, such as electric powertrains and advanced driver-assistance systems (ADAS). Ensuring the electromagnetic compatibility of these systems is critical to maintaining the performance and safety of electric vehicles. Consequently, the growing market for electric vehicles necessitates a parallel growth in EMC solutions to mitigate electromagnetic interference and ensure the seamless operation of these advanced automotive technologies. This trend positions the EMC shielding and test equipment market at the forefront of supporting the expanding electric vehicle ecosystem.

Challenge: Complex testing requirements pose a significant hurdle for the EMC shielding and test equipment market

The challenge of meeting complex testing requirements poses a significant hurdle for the EMC shielding and test equipment market. As electronic devices and systems become more sophisticated and interconnected, the testing criteria become increasingly intricate and stringent.

The diverse range of applications across industries demands comprehensive testing methodologies to ensure electromagnetic compatibility. The complexity of testing requirements often requires advanced and specialized equipment, skilled personnel, and adherence to evolving regulatory standards. Meeting these intricate testing demands can be resource-intensive for companies, potentially leading to delays in product development cycles and increased operational costs. The challenge of addressing complex testing requirements underscores the need for continuous innovation and adaptability in EMC shielding and test equipment solutions to keep pace with the evolving landscape of electronic technologies.

EMC Shielding And Test Equipment Market Ecosystem

The EMC shielding and test equipment market is dominated by established and financially sound manufacturers with extensive experience in the industry. These companies have diversified product portfolios, cutting-edge technologies, and strong global sales and marketing networks. Leading players in the market include PARKER HANNIFIN CORP (US), PPG Industries, Inc. (US), 3M (US), Henkel AG & Co. KGaA (Germany), AMETEK.Inc. (US), among others.

Emc Shielding And Test Equipment Market Segmentation

The EMC Shielding Tapes & Laminates segment by material is expected to exhibit the highest growth rate during the forecast period.

EMC Shielding Tapes & Laminates exhibit the highest CAGR in the EMC shielding market due to their adaptability and effectiveness in managing electromagnetic interference (EMI). These materials offer a versatile solution for shielding electronic components and systems, facilitating seamless integration into various applications.

The tapes and laminates strike a balance between providing efficient EMI protection and ease of application, making them well-suited for intricate electronic designs. With a growing demand for compact and interconnected devices, particularly in consumer electronics and telecommunications, the utilization of EMC shielding tapes and laminates is on the rise. Their ongoing adoption is further fueled by advancements in tape technologies, ensuring superior shielding performance and effectively addressing the evolving challenges associated with electromagnetic compatibility across diverse electronic applications.

Based on the equipment type, spectrum analyzer accounts for the highest growth rate during the forecast period.

The spectrum analyzer commands the highest CAGR in the EMC test equipment market, playing a crucial role in managing the escalating complexity of electronic systems. With the rapid proliferation of electronic devices across consumer electronics, telecommunications, automotive, healthcare, and aerospace industries, there is an imperative need for precise and comprehensive electromagnetic compatibility (EMC) testing.

By identifying and analyzing electromagnetic signals across a broad frequency spectrum, Spectrum analyzers provide unmatched versatility and accuracy in detecting potential sources of electromagnetic interference (EMI). Amidst the increasing demand for sophisticated and interconnected electronic systems, coupled with stringent regulatory standards, spectrum analyzers emerge as indispensable tools for ensuring EMC compliance and reliability across diverse applications, thus propelling their significant growth in the market.

Automotive by end-user industry to hold the highest growth rate in the EMC shielding and test equipment market.

The automotive sector leads the EMC shielding and test equipment market with the highest CAGR, driven by transformative changes in the automotive landscape. As vehicles increasingly rely on electronic components such as advanced driver-assistance systems (ADAS), connectivity features, and electric powertrains, the susceptibility to electromagnetic interference (EMI) significantly rises.

Automotive manufacturers are making substantial investments in EMC shielding and testing to ensure the reliability and performance of these intricate electronic systems, adhering to stringent industry standards and regulations. The growing focus on electric vehicles and autonomous driving adds complexity to electronic systems, further fueling the demand for robust EMC solutions. Positioned at the forefront of technological innovation, the automotive industry propels the unprecedented growth in the need for advanced EMC shielding and testing equipment, contributing to the sector's highest CAGR in the market.

EMC shielding and test equipment market in the Asia Pacific region to exhibit the highest CAGR during the forecast period.

Asia Pacific exhibits the highest EMC shielding and test equipment market growth rate due to several factors driving its robust growth. The region's rapid industrialization and burgeoning electronics manufacturing sector, particularly in countries such as China, Japan, South Korea, and Taiwan, play a pivotal role.

As these nations witness an unprecedented surge in the production of electronic devices, the demand for effective electromagnetic compatibility (EMC) solutions intensifies. Moreover, stringent regulatory standards and the increasing complexity of electronic systems contribute to the escalating need for EMC shielding and testing equipment across diverse industries.

The emphasis on technological innovation and the continuous adoption of advanced electronic components positions Asia Pacific at the forefront of the global EMC market. Additionally, the region's proactive approach toward addressing emerging challenges and the rapid pace of technological advancements contribute significantly to its highest CAGR in the EMC shielding and test equipment market.

EMC Shielding and Test Equipment Market by Region

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Top EMC Shielding And Test Equipment Industry - Key Market Players

 The EMC shielding and test equipment companies is dominated by players such as

• PARKER HANNIFIN CORP (US),
• PPG Industries, Inc. (US),
• 3M (US),
• Henkel AG & Co. KGaA (Germany),
• AMETEK.Inc. (US) and others.

EMC Shielding And Test Equipment Market Report Scope

EMC Shielding and Test Equipment Market Highlights

The study categorizes the EMC shielding and test equipment market based on the following segments:

Recent Developments in EMC Shielding And Test Equipment Industry

• In November 2023, AMETEK, Inc. launched the CDN 3063A-C100.1, the inaugural 3-phase Teseq coupling network with a switchable current range. This innovation enhances EMC testing setups, offering users unprecedented flexibility to meet diverse test requirements. The switchable current range represents a notable advancement, addressing the evolving needs of EMC testing applications.
• In September 2023, Henkel introduced the multifunctional EMI thermal gap pad without silicone. The Bergquist Gap Pad TGP EMI4000 is a silicone-free substance that combines high thermal conductivity (4W/mK) with EMI shielding capabilities, effective up to 77 GHz frequencies.
• In September 2023, PPG Industries, Inc. announced the successful conclusion of a USD 2.7 million project to expand its powder coatings plant in Sumaré, Brazil. This expansion boosted the facility's production capacity by 40%.
• In May 2023, PPG Industries, Inc. unveiled a USD 44 million investment plan to enhance five powder coating manufacturing facilities across the US and Latin America. These initiatives are a core component of PPG's strategic objectives to broaden its portfolio of powder coatings and amplify worldwide production capacity to cater to the increasing customer demand for environmentally sustainable products.
• In July 2021, PARKER HANNIFIN CORP’s Chomerics division, a global motion and control solutions provider, introduced three new PRO-SHIELD products to the European market. This innovative PRO-SHIELD series features top-tier coatings, paints, and sealants, empowering users to establish a reliable electromagnetic interference (EMI) shield for plastic components. It can be used in various industries, including electronics, telecommunications, and healthcare.

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