The global EMC shielding and test equipment market size is expected to reach USD 11.92 billion by 2032, according to a new study by Polaris Market Research. The report “EMC Shielding and Test Equipment Market Share, Size, Trends, Industry Analysis Report, By Equipment Type (Amplifiers, Spectrum Analyzers, EMI Receivers); By Material; By End-User; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growth of the EMC shielding and test equipment market is mainly propelled by the growing consumer electronics sector, rising electromagnetic pollution, and ongoing field and driver tests showcasing the effectiveness of 5G technology. The COVID-19 pandemic has significantly impacted nearly every industry worldwide, disrupting supply chains and hindering various industrial operations. As a result, many companies have either suspended or decreased their production capacities.
The global lockdown imposed due to COVID-19 resulted in environmental and social restrictions, leading to the closure of production facilities during the initial phase of the pandemic. While a few industries were allowed to continue operations, the consumer electronics and automotive sectors witnessed a decline in product demand. These circumstances have impacted the EMC shielding and test equipment market, with very recent EMC shielding solutions and testing equipment expected to be utilized by these industries during the ongoing crisis.
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The increasing adoption of electric vehicles (EVs) is creating a significant opportunity for the EMC shielding and test equipment market. As the world moves towards sustainable transportation, there is a rising demand for EVs, which heavily rely on complex electronic systems such as electric powertrains and advanced driver-assistance systems (ADAS). For EVs to operate well and be safe, these systems must be electromagnetically compatible. Therefore, the growing EV market requires simultaneous growth in EMC solutions to manage electromagnetic interference and ensure the smooth functioning of these advanced automotive technologies. This development puts the market for EMC shielding and test equipment in a leading position to assist the developing ecosystem of electric vehicles.
EMC Shielding and Test Equipment Market Report Highlights
Polaris Market Research has segmented the EMC shielding and test equipment market report based on equipment type, material, end-user and region:
EMC Shielding and Test Equipment, Equipment Type Outlook (Revenue - USD Billion, 2019 - 2032)
EMC Shielding and Test Equipment, Material Outlook (Revenue - USD Billion, 2019 - 2032)
EMC Shielding and Test Equipment, End-User Outlook (Revenue - USD Billion, 2019 - 2032)
EMC Shielding and Test Equipment, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2024 |
USD 7.71 billion |
Revenue forecast in 2032 |
USD 11.92 billion |
CAGR |
5.6% from 2024 – 2032 |
Base year |
2023 |
Historical data |
2019 – 2022 |
Forecast period |
2024 – 2032 |
Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
Segments covered |
By Equipment Type, By Material, By End-User, By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
For Specific Research Requirements |