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 EMC 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 Demand 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.
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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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