EMC Shielding and Check Tools Market valued at $ 8.2 Billion by 2025
CHICAGO, 3rd December 2020 / PRNewswire / – According to new market research report, EMC Shielding and Test Equipment with COVID-19 Impact Market by Type (EMC Shielding, EMC Test Equipment), Vertical (Consumer Electronics, Telecommunications & IT, Automotive, Healthcare, Aerospace and Space, and Others), Application and Geography – Global Forecast to 2025, “published by MarketsandMarkets ™, rated the global market size for EMC Shielding and Test Equipment $ 6.4 billion in 2020 and is expected to reach $ 8.2 billion until 2025; It is expected to grow at a CAGR of 5.2% from 2020 to 2025. Key factors in the growth of this market include the increasing demand for consumer electronics, increasing electromagnetic pollution and the ongoing demonstration of field and pilot tests to demonstrate the viability of 5G technology is instrumental in the growth of the EMC shielding and test equipment market at.
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EMC shielding made up a larger portion of the EMC shielding and testing equipment market in 2020.
EMC shielding solutions such as conductive coatings and paints, EMC shielding tapes and laminates, EMC filters, and metal shields are mainly used to shield various devices in various industries such as healthcare, consumer electronics and automotive. The increasing demand for consumer electronics, increasing electromagnetic pollution and the growing trend in electric vehicles offer great opportunities for the introduction of EMC shielding solutions in various application areas. Because of these increasing demands on EMC shielding, it is expected that EMC shielding will dominate the market in the forecast period.
Vertical consumer electronics is expected to hold the largest size of the EMC shielding market in 2020.
The EMC shielding market for the consumer electronics industry is expected to have the largest share in 2020. The proliferation of consumer electronics devices, the availability of advanced products such as portable devices, and the need to comply with EMC shielding directives are expected to be the main factors contributing to the growth of the EMC shielding market in consumer electronics.
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APAC is set to be the largest market for EMC shielding and testing equipment from 2020 to 2025.
The steadily increasing use of electronic systems in the automotive industry, continued advances in wireless cellular infrastructure, and increasing demand for consumer electronics products are likely to fuel demand for EMC shielding solutions and test equipment in APAC. Mobile data services are also growing rapidly in APAC as cellular operators have lowered the prices of their services to extend them to maximum end users. APAC is a global leader in digital platforms. It has 2 of the most densely populated countries in the world. Due to the large population, the acceptance of smartphones or other wireless devices and services is high in this region.
PPG Industries (USA), Parker-Hannifin (USA), 3M (US), Henkel (Germany), RTP Company (USA), Schaffner (Switzerland), Tech-Etch (USA) and Leader Tech (USA) are some of the key players in the EMC shielding market, while Keysight Technologies (USA), Rohde & Schwarz (Germany), Teseq (Switzerland) and EM test (Switzerland) are some major players in the EMC test equipment market.
EMI Shielding Market by Material (EMI Shielding Tapes & Laminates, Conductive Coatings & Paints, Metal Shielding, Conductive Polymers, EMI Filters), Method (Radiation, Conduction), Industry, and Region – Global Forecast to 2025
EMC Test Market by Offer (Hardware & Software & Services), End Use (Consumer Devices & Electronics, Automotive, Military & Aerospace, IT & Telecom, Medical & Industrial), and Geography – Global Forecast 2024
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