The Business Research Company offers in-depth market insights through EMC Testing Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
The table of content for the market report include:
1. Executive Summary
2. EMC Testing Market Characteristics
3. EMC Testing Market Trends And Strategies
4. EMC Testing Market – Macro Economic Scenario
5. EMC Testing Market Size And Growth
…..
27. EMC Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Market size and growth forecast
The EMC testing market size has grown strongly in recent years. It will grow from $2.4 billion in 2023 to $2.57 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to growing awareness of electromagnetic interference, growing aerospace and defense sector, expansion of automotive electronics, adoption of medical electronics, increasing complexity of electronic systems.
The EMC testing market size is expected to see strong growth in the next few years. It will grow to $3.25 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to globalization of electronics manufacturing, proliferation of iot devices, increasing complexity of medical devices, rapid growth in electric vehicles, expansion of renewable energy technologies, rise in telecommuting technologies. Major trends in the forecast period include technological advancements in electronics, integration of ai and machine learning, advancements in aerospace technologies, green EMC testing practices.
Market segmentation
The EMC testing market covered in this report is segmented –
- By offering type: hardware, Software
- By services type: testing Services, Inspection Services, Certification Services, Other Services
- By end-use: consumer Appliances And Electronics, Automotive, Military And Aerospace, IT And Telecommunications, Medical, Industrial, Renewable Energy, Railways
Major driver
Rising demand for electrical vehicles is expected to propel the growth of the EMC testing market going forward. An electric vehicle is described as a vehicle that has an electric motor capable of drawing power from a battery and has an external source for charging. In electrical vehicles, EMC testing measures the radio frequency (RF) emissions produced by the car’s electrical systems. It assesses their susceptibility to RF impulses inside and outside the vehicle. For instance, in September 2022, according to the International Energy Agency, a France-based autonomous intergovernmental organization, electric car sales set a new high in 2021, climbing by 4%. Sales nearly double to 6.6 million compared to 2020, increasing the total number of electric vehicles on the road to 16.5 million. Therefore, the rising demand for electrical vehicles is driving the growth of the EMC testing market.
Competitive landscape
Major companies operating in the EMC testing market report are UL LLC, Eurofins Scientific SE, GTG (Global Testing Group), Anritsu Corporation, SGS SA, Agilent Technologies Inc., Bureau Veritas SA, Ametek Inc., Keysight Technologies Inc., Intertek Group PLC, DEKRA Group, Rohde & Schwarz GmbH & Co. KG, TÜV Rheinland Group, Element Materials Technology Group Limited, ESCO Technologies Inc., Nemko Group AS, National Technical Systems Inc., Good Will Instrument Co. Ltd., Elite Electronic Engineering Inc., Frankonia Group, MiCom Labs Inc, F2 Labs, GAUSS INSTRUMENTS International GmbH, Washington Laboratories Ltd, NCEE Labs, G&M Compliance Inc., AR Inc., Com-Power Corporation, E-Labs Inc., QAI Laboratories
Top trend
Technological advancement is a key trend gaining popularity in the EMC testing market. Major companies operating in the EMC testing market are focused on innovating new technological solutions and devices to sustain their position in the market. For instance, in June 2022, Gauss Instruments, a Germany-based manufacturer of EMC test equipment, launched the TDEMI S Series, a new real-time spectrum and signal analyzer for EMC testing. The TDEMI S Series can be upgraded to operate in the terahertz frequency range using external mixers. It is a fantastic tool for applications requiring field or onboard testing due to its small size and 12-volt output. These spectrum analyzers and receivers have been designed to use little power while performing at the highest level possible. Signal recording and analysis are now feasible in entirely new ways thanks to the new HyperOverlapping technology. The maximum measurement accuracy is attained by high-resolution ADCs, which employ a patented method to correct for nonlinear effects.
Get access to the full market report: https://www.thebusinessresearchcompany.com/report/emc-testing-global-market-report