The EMC testing market is
growing at a CAGR of 5.4% from USD 2.1 billion in 2019 to USD 2.8 billion in
2024. One of the primary reasons for this rise in demand is the increasing need
for safety, owing to factors such as the standardization of electronic products
globally, mandatory EMC testing of medical equipment, and increase in the brand
proposition of companies.
EMC testing market for
certification services to grow at highest CAGR in 2019
The EMC testing market offers services to ensure that the
products adhere to quality, technical safety, and performance regulatory
standards. In general, testing is carried out in laboratories and facilitates
the manufacturers to improve the marketability of their products and lower the
manufacturing costs in the pre-production phase. Inspection services are
offered for the examination of traded goods from manufacturers to end users to
ensure the goods comply with the buyer’s specifications.
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EMC testing Market for consumer
appliances and electronics application to grow at highest CAGR during forecast
period
Testing service providers offer testing services for wireless
technologies such as Bluetooth, cellular, near-field communications (NFC), and
Wi-Fi. Furthermore, any electronic device is an interconnection of different
systems and components; therefore, the performance of the device is primarily
dependent on these components and hence this application shares the highest
CAGR during the forecast period.
EMC Testing Market
in APAC to hold largest share of market in 2019
The
EMC testing market in APAC held the largest market size for the industrial
end-use application due to the presence of many industries that require the use
of high-performance and efficient equipment working in tandem with each other.
EMC testing is necessary as it helps to ensure the operation of multiple
equipment without exceeding the acceptable limits of electromagnetic radiation,
thereby, not affecting the performance.
Key Market Players
Key
players in the EMC testing market include SGS (Switzerland), Bureau Veritas
(France), Intertek (UK), Eurofins Scientific (Luxembourg), DEKRA (Germany),
Fortive(US), and Keysight Technologies (US).
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