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 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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