The global EMC shielding and test equipment market size was valued at USD 6.4 billion in 2020 and is projected to reach USD 8.2 billion by 2025; it is expected to grow at a CAGR of 5.2% from 2020 to 2025. The growth of the EMC shielding and test equipment market is majorly driven by surging demand for consumer electronics, increasing electromagnetic pollution, and ongoing demonstration of field trials and pilot tests to manifest the viability of 5G technology.
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EMC shielding expected to
contribute the largest share to the EMC shielding and test equipment market
during the forecast period
EMC shielding solutions such as conductive coatings &
paints, EMC shielding tapes & laminates, EMC filters, and metal shielding
are majorly used for shielding various devices in several industries such as
healthcare, consumer electronics, and automotive. Surging demand for consumer
electronics, increasing electromagnetic pollution, and the growing trend of
electric vehicles create large opportunities for the adoption of EMC shielding
solutions in various application areas. Owing to such rising requirements of
EMC shielding, EMC shielding is expected to dominate the market during the
forecast period.
Radiation segment expected to
lead the EMC shielding and test equipment market in 2020
The radiation segment is expected to dominate the EMC shielding
market in 2020, contributing the largest share. Most electrical and electronic
devices radiate electromagnetic signals. Increasing adoption of consumer
electronics leads to a significant increase in electromagnetic pollution.
Hence, these signals must be kept within limits to reduce the level of
interference and avoid any damage to the electrical circuitry of a device and
degradation in performance.
EMC shielding and
test equipment market in APAC contributed the largest share in 2019
The ever-increasing
use of electronic systems in the automotive industry, ongoing advancements in
wireless cellular infrastructure, and rising demand for consumer electronic
products are expected to fuel the demand for EMC shielding solutions and test
equipment in APAC. Mobile data services are also growing rapidly in APAC due to
the fact that mobile operators have reduced the prices of their services to
extend them to maximum end users. APAC has become a world leader in digital
platforms. It has 2 of the most densely populated countries in the world. Due
to its large population, the adoption of smartphones or other wireless devices
and services is high in this region.
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Key Market Players
The EMC shielding
and test equipment players have implemented various types of organic as well as
inorganic growth strategies, such as product launches, product developments,
and acquisitions to strengthen their offerings in the market. The major players
are Parker-Hannifin (US), PPG Industries (US), 3M (US), Henkel (Germany), and
Keysight Technologies (US).
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