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Request Now !The global EMC testing market share is experiencing a significant growth and is expected to grow considerably in the next few years. The full form of EMC is electromagnetic compatibility is the interaction of electrical and electronic devices with its electromagnetic condition and with other hardware. Every single electronic device is capable to emit electromagnetic fields. With expansion of electronic gadgets into regular day to day existence such as cell phones, TVs, traffic signals, clothes washers, electronic starts, and ATMs.
The global EMC Testing market is segmented on the basis of type, service type, industry vertical and region. Based on type, the market is divided into hardware and software & services. In terms of service type, the market is categorized into testing services, certification services, inspection services, and other services.
In terms of industry vertical, the market is segregated into renewable energy, consumer appliances & electronics, military & aerospace, automotive, IT & telecommunications, medical, industrial, and railways. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global EMC Testing industry include Element Materials Technology, AMETEK. Inc., SGS SA, TUV SUD, Bureau Veritas, Eurofins Scientific, Intertek Group plc, NTS, ROHDE & SCHWARZ, UL LLC. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in this market.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available For Years | 2019–2027 |
Base Year Considered | 2019 |
Forecast Period | 2020–2027 |
Forecast Units | Value (USD) |
Segments Covered | Type, Service Type, Industry Vertical, and Region |
Regions Covered | North America (US, Canada, and Mexico), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia and the Rest of Asia Pacific), and LAMEA (Latin America, Middle East and Africa) |
Companies Covered | Major players analyzed include Element Materials Technology, AMETEK. Inc., SGS SA, TUV SUD, Bureau Veritas, Eurofins Scientific, Intertek Group plc, NTS, ROHDE & SCHWARZ, UL LLC. |
Development in requirement for security, such as compulsory EMC testing of clinical hardware, normalization of electronic items widely, and rise in brand proposition of organizations are some important factors that drive development of the EMC market growth. Moreover, selection of cell phones has prompted presentation of new advancements such as LTE, 5G and 4G technologies and these evolving technologies and networks require test and estimation gear, for instance, EMC test hardware to guarantee quality and dependability, which is relied upon to support development of the EMC testing market growth.
Certification services are expected to grow at a high rate during the forecast period. Certification services guarantee performance attributes and product safety. Generally, certification services include certification services with respect to safety & health, quality, environment, social responsibility, and customized audit. These certification services empower clients to bind to current processes aimed at refining their business performance. All these factors are expected to significantly affect the EMC testing globally.
The consumer applications and electronics segment is expected to grow at the highest CAGR during the forecast period. EMC necessities for consumer appliances are a cross-reference to radiofrequency requirements with embedded wireless functionality. In addition, testing service providers offer testing services for wireless technologies such as cellular Wi-Fi, near-field communications (NFC), and Bluetooth. Moreover, any electronic device is an interconnection of different systems and components, thus, the performance of the device mainly relies on these components.
Key Segments Covered
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