EMC Testing Market to Grow at a CAGR of 5.4% to reach US$ 3,066.7 million from 2021 to 2028


Posted February 10, 2022 by alandavis1105

The EMC testing market is expected to grow from US$ 2,116.9 million in 2021 to US$ 3,066.7 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028.

 
The EMC testing market is expected to grow from US$ 2,116.9 million in 2021 to US$ 3,066.7 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028.

All electrical and electronic devices generate some form of unwanted interference/radiation that is unavoidable. As these gadgets are increasingly being used in proximity to one another, they should function normally without interfering with or being hampered by other devices. Thus, electromagnetic compatibility (EMC) is a critical feature of electrical and electronic devices. They should, however, release limited radiations and be impervious to a particular degree of electromagnetic radiation to ensure proper functioning. As different electronic devices play pivotal roles in of business environment, the compliance demands pertaining to EMC and electromagnetic immunity (EMI) testing are becoming highly challenging with the introduction of new business rules. The ability of the EMC testing chamber(s) to be certified ensures that the items will be precisely measured for EMC approval. Certification services are expected to increase at a rapid pace during the forecast period. These services ensure the functionality and safety of products. They entail aspects such as safety and health, quality, environment, social responsibility, and customized audits. Businesses can buy certification services to bind to present processes to improve their business performance. Thus, a surge in demand for certification services is bolstering the EMC testing market growth.

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Company Profiles

AMETEK.Inc.
Element Materials Technology
Bureau Veritas
Eurofins Scientific
Intertek Group plc
NTS
ROHDE and SCHWARZ
SGS SA
TÜV SÜ
UL, LLC

Impact of COVID-19 Pandemic onEMC Testing Market

North America has the highest adoption and growth rate of new technologies owing to favorable government policies to boost innovation and strengthen the infrastructure capabilities. Hence, any impact on industries affects the economic growth of the region in a negative manner. Presently, the US is the world’s worst affected country due to the COVID-19 outbreak. The outbreak is negatively influencing all industries, such as manufacturing and automotive, in the US.

It is becoming apparent with the COVID-19 pandemic spreading across the US that few can escape its scope, presenting significant challenges to all industries. However, in North America, the major adoption of the technology is noticed in the manufacturing sector where the same is applied for converting traditional manufacturing processes to smart ones. Thus, the closure of all manufacturing units across countries such as the US, Canada, and Mexico is expected to hinder the growth of the EMC testing market in the coming years. However, the COVID-19 outbreak influenced the adoption of technology across the healthcare sector to detect COVID-19 among patients. Thus, in the present situation, rising investment by the healthcare sector in technologies is expected to drive the market during the forecast period.

Lucrative Regions for EMC Testing Providers

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The players operating in the EMC testing market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

In 2021, Eurofins EandE UK expanded its electrical safety testing and certification capabilities with the acquisition of NEMKO UK Ltd.
In 2021, NSI-MI Technologies, a leading provider of radio frequency and microwave test and measurement systems and services, was acquired by AMETEK, Inc. NSI-MI was purchased for $230 million and generates around US$ 90 million in annual sales.

The global EMC testing market has been segmented as follows:

EMC Testing Market – by Offering

Hardware and Software
Services

EMC Testing Market – by Service Type

Testing Services
Inspection Services
Certification Services
Other Services

EMC Testing Market – by End Use

Consumer Appliances and Electronics
Automotive
Military and Aerospace
IT and Telecommunications
Medical
Industrial
Others

EMC Testing Market – by Geography

North America
US
Canada
Mexico
Europe
France
Germany
Italy
Russia
UK
Rest of Europe
Asia Pacific (APAC)
China
India
Japan
Australia
South Korea
Rest of APAC
Middle East and Africa (MEA)
Saudi Arabia
UAE
South Africa
Rest of MEA
South and Central America (SAM)
Brazil
Argentina
Rest of SAM

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Last Updated February 10, 2022