Market Synopsis
As per the analysis by Market Research Future Reports (MRFR), the global EMC shielding and test equipment market is estimated to value USD 3,921.53 million with a significant CAGR by the end of 2024. EMC shielding and testing solutions are utilized in a broad range of industries which includes automotive, consumer electronics, and telecom. The increasing demand for efficient shielding and testing solutions is projected to display market opportunities. The established key players of the market invest enormously in research and development. Apart from this, they also adopt specific strategies that assist in expanding the market. Strategies like mergers and acquisitions, partnerships, investment, are the most adopted strategies. The presence of established key players makes the market more competitive. These factors play an important role in expanding the market. The rise in wireless broadband infrastructure and developments made in the 5G network has resulted in the expansion of the market. However, the expenses associated with EMC test equipment is likely to hamper the growth of the market at a global level. Moreover, due to the recent outbreak of COVID-19, the market is likely to have a changed mechanism. We will provide COVID-19 impact analysis with report.
Market Segmentation
The global EMC shielding and test equipment market can be segregated on the basis of application, type, and region.
On the basis of application, the global EMC shielding and test equipment market can be classified into defense & aerospace, IT & telecom, consumer electronics, automotive & industrial, healthcare, and others. on the basis of application, the global EMC shielding and test equipment market can be segregated into in-house laboratories, government laboratories, and third-party laboratories.
On the basis of type, the global EMC shielding and test equipment market can be classified into EMI shielding tapes, EMI enclosure, EMI gaskets, EMI shielding tapes, coatings & paints, vents & filters, and others. on the basis of type, the EMC shielding equipment sub-market has been segregated into amplifiers, spectrum analyzers EMI test receiver, signal & impulse generators, and others.
On the basis of region, the global EMC shielding and test equipment market can be classified into Europe, Latin America, Asia-Pacific, Middle East, and Africa (MEA), North America.
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Regional Analysis
The geographical analysis of Europe, Latin America, Asia-Pacific, the Middle East, and Africa (MEA), North America, has been conducted. As per the analysis, the APAC region dominates the market. The APAC region acquires more than one-third of the market share, which is the largest portion acquired by any of the regions. It is estimated to maintain its position during the review period. The demand for EMC shielding and test equipment solutions is rising due to the increasing investment in advancing the telecom infrastructure. Moreover, the presence of developing economies like India, Taiwan, and China has played a significant role in expanding the market. As per the study, the second position is attained by North America in terms of market value. The market is prospering due to the presence of established key players in the region. There is a significant contribution of North America to the expansion of the market. On the other hand, the RoW is likely to expand at a decent pace during the forecast period.
Key Players
The forefront players of the global EMC shielding and test equipment market are Laird PLC¸ Chomerics, 3M Company, Inc., KGS Kitagawa industries CO., Rohde & Schwarz GmbH & Co. KG, LTD, Kemtron Ltd., Leader Tech, Inc.¸ Keysight Technologies, Inc., ETS-Lindgren Inc., and HV Technologies, Inc., and others.
Table of Content:
1 Executive Summary
2 Market Introduction
2.1 Definition 19
2.2 Scope Of The Study 19
2.3 List Of Assumptions 20
2.4 Market Structure 20
3 Research Methodology
3.1 Research Process 22
3.2 Secondary Research 22
3.3 Primary Research 23
3.4 Forecast Model 25
4 Market Dynamics
4.1 Introduction 27
4.2 Drivers 27
4.2.1 Increasing Design Complexity Of Consumer Electronic Devices 27
4.2.2 Need Of High Efficiency Test Equipment For Increasing The Manufacturing Throughput 27
4.2.3 Driver Impact Analysis 28
4.3 Restraints 28
4.3.1 High Cost Associated With EMC Shielding And Test Equipment 28
4.4 Opportunities 28
4.4.1 Expansion Of Wireless Networks 28
4.4.2 Strong Rise In The Automotive Sector 29
4.5 Value Chain Analysis 30
4.6 Porter’s Five Forces Model 33
4.6.1 Threat Of New Entrant 34
4.6.2 Bargaining Power Of Supplier 34
4.6.3 Bargaining Power Of Buyers 34
4.6.4 Threat Of Substitute 34
4.6.5 Intensity Of Rivalry 34
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About Us
Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.
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