Market Overview
The influx of technology,
cellular data, lighting speed networks like 3G, the gradual shift to 5G, and
the rapid expansion of wireless tech has made it imperative for the global
EMC shielding and test equipment market to thrive. We are experiencing an
electronic boom from automated cars to moving around with a dynamic digital
world of information in our pockets.
As the population expands, it
also creates the need to connect wirelessly over smartphones, the internet, and
digital mediums for communication. Thus fueling the demand for EMC shielding
and test equipment market. It is estimated that the market value of this
growing tech has amplified from USD 6.4 billion in the year 2020 to USD 8.2
billion in the year 2025. The CAGR rate is projected to increase to 5.2 % from
2020 to 2025.
Even though the global pandemic
had hit other sectors in the market, it will not diminish the surge of electro
components and equipment. Consumers for electronics are gaining ground on a
minute basis.
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Market Segmentation
Billions of users worldwide have
integrated themselves into software and hardware of electronics. It is hard to
see anyone without a smartphone these days; the field testing of 5G network,
emergent electromagnetic pollution and pilot test of various wireless networks
have made the EMC
Shielding and Test Equipment Industry feasible on a larger scale.
With consumers using navigation
systems and voice recognition devices, it has become vital to check EMC
shielding. There is a need for this type of electromagnetic shield to protect
devices from power fluctuations, supply voltage disparities, surging clock
frequencies, rising slew rates and high packaging density. EMC shielding works
well on materials such as metals and plastics, the basic benefit being it
safeguards the electro devices from rust and corrosion. An electronic device
cannot be introduced in the standard market until it passes the EMC test. Hence
it is an expensive process that has to be incurred by the industries to make
their products feasible.
Economic and environmental
factors have contributed towards having a diesel and petrol free automobile
industry, thus, the growth of electric vehicles. Wireless charging points for
electric cars and automobiles have become a common sight; all of these require
a standard EMC shield since electric vehicles discharge more electromagnetic
waves during charging mode. Thus the market segment will keep escalating when
it comes to EMC.
Regional Classification
Electronically advanced countries
like Japan and China are key players when it comes to EMC shielding and test
equipment. Parker- Hannifin – the US, PPG Industries – US, 3M – US, Keysight
Technologies – US and Henkel – Germany has been the major industries for EMC
testing.
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Industry News
By 2026 the integration of 5G
network will greatly advance the usage of the internet and electronic devices.
Mobile companies and wireless industries will have to stick to government
guidelines to access these enhanced features, which will propel the demand for
EMC shielding and test equipment strategies.
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