High Growth Demand for EMC Shielding and Test Equipment Market by 2025

Posted April 15, 2021 by ctom7000

COVID-19 impact on the EMC shielding and test equipment market
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 equipmentmarket 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.

Conductive coatings & paints is expected to account for the largest share of the EMC shielding market in 2020, followed by conductive polymers; a similar trend is likely to continue in the near future. The integration of various electronic equipment and systems in vehicles is driving the growth of the market for conductive coatings & paints. They are widely used to provide EMC shielding in automotive applications owing to their high shielding capability and greater resistance against EMI compared to other materials.

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IT and telecommunications is expected hold the largest share in the EMC test equipment market during the forecast period. Ongoing developments in the telecom sector and the widespread demand for wireless technologies by both domestic as well as commercial end users are creating opportunities for efficient EMC shielding with prescribed standard regulations according to the countries the companies operate in. Consequently, the growing demand for EMC shielding solutions is currently driving the market for EMC test equipment for this application.

EMC shielding and test equipment market in APAC is expected to grow at the highest CAGR during 2020−2025. 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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Issued By Tom
Country United Arab Emirates
Categories Semiconductors
Tags emc shielding and test equipment market
Last Updated April 15, 2021