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Electromagnetic compatibility (EMC) is the capacity of electrical devices and equipment to operate acceptably in their electromagnetic environment, through restricting unintended transmission, production, and receipt of electromagnetic energy, which may trigger undesirable effects such as physical damage in operating equipment and electromagnetic interference (EMI). EMC’s goal is the proper functioning of various devices in a common electromagnetic environment.
There is a growing reliance on EMC shielding and testing solutions to overcome the challenges faced in streamlining the production throughput. Solutions for EMC shielding and testing have been used in a variety of industries including consumer electronics, automotive and telecoms. Rise in need for effective solutions for shielding and testing is creating important market opportunities.
The global EMC component market is segmented on the basis of equipment type, load type, service type, offering, end user, and region. Based on equipment type, the market is divided into EMI shielding tapes, conductive coatings and paints, metal shielding and test equipment. In terms of load type, the market is categorized into single phase and three phase. On the basis of service type, the market is divided into testing services, inspection services, certification services, and others.
On the basis of offering the market is divided into hardware, software & services. On the basis of end user the EMC component market is divided into consumer appliances & electronics, automotive, military & aerospace, IT & telecommunications, medical, and industrial. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
COVID-19 Scenario Analysis:
The market is expected to be driven worldwide by firm EMC regulation and increased use of electronics systems and devices in the automotive sector. The fast-growing segments of the market for shielding electromagnetic compatibility are automotive, consumer electronics, and telecom & IT. This also means the system has the lowest possible level of electromagnetic radiation. Increasing the operating frequency and the use of a nonlinear device has a significant influence on the market for shielding and test equipment for global electromagnetic compatibility.
Stringent EMC standards play a crucial role in supporting business growth. In addition to strict regulations, the growing need for commercial goods is driving the worldwide EMC filtration market. Rapid developments in communication technologies have been keeping market prospects high. Ever changing policies and directives have hampered market growth.
The EMC components ensure that the products comply with regulatory standards for quality, technical safety, and performance. Testing is generally performed in laboratories and enhances the manufacturers to strengthen the marketability of their products and lower the cost of manufacturing in the pre-production phase. Inspection services are offered from manufacturers to end users for the examination of traded goods to ensure that the goods comply with the purchaser specifications.
Testing service providers offer wireless technology testing services such as Bluetooth, Cellular, Near-Field Communications (NFC), and Wi-Fi. In addition, any electronic device is an interconnection of different parts and equipment; hence, the device's performance depends mainly on the EMC components. Hence, this factor fuels the market growth.
Owing to the presence of many industries which require the use of high-performance and efficient equipment working in parallel with each other, the EMC component market trends in Asia-Pacific held the largest market size for the industrial end-use application. EMC monitoring is important because it helps ensure the operation of several devices without reaching the appropriate limits of electromagnetic radiation and thus does not affect the efficiency.
Compared with conventional vehicles, electric cars are equipped with high-voltage sources and high-frequency switching systems. Thus, a different approach to performing EMC testing is needed. Hence the electric and hybrid’s success will give the industry an excellent opportunity.
Key Benefits of the Report:
Questions Answered in the EMC Component Market Research Report:
Key Market Segments
Key Market Players