Electromagnetic Compatibility Testing Market Size Analysis, Industry Outlook, & Region Forecast till 2030
Electromagnetic Compatibility Testing Market
The global Electromagnetic Compatibility Testing market is anticipated to grow at a significant rate owing to raid advancements and technological developments in the sector. The report offers strategic recommendations to the businesses and investors to capitalize on the lucrative growth opportunities of Electromagnetic Compatibility Testing market. It also covers mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, agreements, and partnerships, among others. It also offers insights into the manufacturing processes, revenue estimations, R&D advancements, and industrial penetration of Electromagnetic Compatibility Testing market.
The global Electromagnetic Compatibility (EMC) testing market size was USD 2.37 Billion in 2021 and is expected to register a revenue CAGR of 5.4% during the forecast period, according to latest analysis by Emergen Research. Increasing number of mobile subscribers and growing mobile data requirements are major factors driving market revenue growth.
With the emergence of smart gadgets, new terms for wired and wireless connections that allow for device communication have also been introduced. Wide-ranging electromagnetic interference that might impair their function, in turn is rising demand for EMC testing services. For manufacturers and developers, expansion of interconnected items and Internet of Things (IoT) poses several difficulties and threats.
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As well as new entrants in the Electromagnetic Compatibility Testing market. It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others.
Some major companies in the global market report include SGS SA, Bureau Veritas, Intertek Group plc, Eurofins Scientific, DEKRA India, Fortive, Keysight Technologies, Rohde & Schwarz, Agilent Technologies, Inc., and Frankonia Group.
One of the report’s central components is the broad Electromagnetic Compatibility Testing market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report.
- The automotive segment accounted for largest revenue share in 2021. Automotive EMC testing monitors radio frequency (RF) emissions coming from electrical systems of vehicles and assesses how susceptible they are to RF signals coming from both inside and outside vehicles.
- EMC testing also includes measuring how well a device performs under steady-state driving circumstances, electrical transients, and electrostatic discharge, which is driving revenue growth of this segment.
- The Asia Pacific market accounted for largest revenue share in 2021. This is due to rising requirement for EMI certification of products for import and export in this region. For instance, The State Radio Monitoring and Testing Center (SRRC) grants SRRC certification, which is comparable to Course on Computer Certificates (CCC) certification. All items, regardless of their shape, that utilize a radio transmitter are relevant for SRRC certification.
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The global Electromagnetic Compatibility Testing market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Electromagnetic Compatibility Testing sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
For the purpose of this report, Emergen Research has segmented the global EMC testing market based on offering type, services type, end-use, and region:
· Offering Type Outlook (Revenue, USD Billion; 2019–2030)
· Services Type Outlook (Revenue, USD Billion; 2019–2030)
- Testing Services
- Inspection Services
- Certification Services
- Other Services
· End-Use Outlook (Revenue, USD Billion; 2019–2030)
- Consumer Appliances & Electronics
- Military & Aerospace
- IT & Telecommunications
- Renewable Energy
Regional Bifurcation of the Electromagnetic Compatibility Testing Market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Radical Features of the Electromagnetic Compatibility Testing Market Report:
- The report encompasses Electromagnetic Compatibility Testing market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Electromagnetic Compatibility Testing industry
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