Market Synopsis
As per the analysis by Market Research Future Reports (MRFR), the global EMC shielding and test equipment market is estimated to value USD 3,921.53 million with a significant CAGR by the end of 2024. EMC shielding and testing solutions are utilized in a broad range of industries which includes automotive, consumer electronics, and telecom. The increasing demand for efficient shielding and testing solutions is projected to display market opportunities. The established key players of the market invest enormously in research and development. Apart from this, they also adopt specific strategies that assist in expanding the market. Strategies like mergers and acquisitions, partnerships, investment, are the most adopted strategies. The presence of established key players makes the market more competitive. These factors play an important role in expanding the market. The rise in wireless broadband infrastructure and developments made in the 5G network has resulted in the expansion of the market. However, the expenses associated with EMC test equipment is likely to hamper the growth of the market at a global level. Moreover, due to the recent outbreak of COVID-19, the market is likely to have a changed mechanism. We will provide COVID-19 impact analysis with report.
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Key Players
The forefront players of the global EMC shielding and test equipment market are Laird PLC¸ Chomerics, 3M Company, Inc., KGS Kitagawa industries CO., Rohde & Schwarz GmbH & Co. KG, LTD, Kemtron Ltd., Leader Tech, Inc.¸ Keysight Technologies, Inc., ETS-Lindgren Inc., and HV Technologies, Inc., and others.
Market Segmentation
The global Electromagnetic Compatibility Shielding and Test Equipment Market can be segregated on the basis of application, type, and region.
On the basis of application, the global EMC shielding and test equipment market can be classified into defense & aerospace, IT & telecom, consumer electronics, automotive & industrial, healthcare, and others. on the basis of application, the global EMC shielding and test equipment market can be segregated into in-house laboratories, government laboratories, and third-party laboratories.
On the basis of type, the global EMC shielding and test equipment market can be classified into EMI shielding tapes, EMI enclosure, EMI gaskets, EMI shielding tapes, coatings & paints, vents & filters, and others. on the basis of type, the EMC shielding equipment sub-market has been segregated into amplifiers, spectrum analyzers EMI test receiver, signal & impulse generators, and others.
On the basis of region, the global EMC shielding and test equipment market can be classified into Europe, Latin America, Asia-Pacific, Middle East, and Africa (MEA), North America.
Regional Analysis
The geographical analysis of Europe, Latin America, Asia-Pacific, the Middle East, and Africa (MEA), North America, has been conducted. As per the analysis, the APAC region dominates the market. The APAC region acquires more than one-third of the market share, which is the largest portion acquired by any of the regions. It is estimated to maintain its position during the review period. The demand for EMC shielding and test equipment solutions is rising due to the increasing investment in advancing the telecom infrastructure. Moreover, the presence of developing economies like India, Taiwan, and China has played a significant role in expanding the market. As per the study, the second position is attained by North America in terms of market value. The market is prospering due to the presence of established key players in the region. There is a significant contribution of North America to the expansion of the market. On the other hand, the RoW is likely to expand at a decent pace during the forecast period.
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