DUBLIN–(BUSINESS WIRE)–The “EMC Testing Market Forecast to 2028 – COVID-19 Impact and Global Analysis” report has been added to ResearchAndMarkets.com’s offering.
The global EMC testing market is expected to grow from US$ 2,116.9 million in 2021 to US$ 3,066.7 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028.
The demand for electronic products is increasing in the majority of sectors due to trends such as smart homes, digitization, and connected devices and the Internet of Things (IoT). Therefore, several industrialists and testing service providers perform EMC tests to validate and verify the compliance of various products toward EMI. The EMC testing market primarily involves EMC testing service providers and EMC test equipment manufacturers.
The mandatory EMC testing of medical equipment, standardization of electronic products globally, and increase in the brand proposition of companies are a few of the significant factors driving the growth of the EMC market. Moreover, an immense rise in the reach of smartphones has contributed to the accelerated introduction of new technologies such as 4G, LTE, and 5G; test and measurement equipment such as EMC test equipment help ensure the quality and reliability of these devices.
EMC testing services help guarantee that goods meet regulatory requirements for quality, technical safety, and performance. In general, testing, which is performed in laboratories, allows producers to enhance the marketability of their products while lowering manufacturing costs during the pre-production phase. Inspection services are available for examining traded items to guarantee that they meet the buyers’ requirements.
Impact of COVID-19 Pandemic on the EMC Testing Market
North America has the highest adoption and growth rate of new technologies owing to favorable government policies to boost innovation and strengthen the infrastructure capabilities. Hence, any impact on industries affects the economic growth of the region in a negative manner. Presently, the US is the world’s worst affected country due to the COVID-19 outbreak. The outbreak is negatively influencing all industries, such as manufacturing and automotive, in the US.
It is becoming apparent with the COVID-19 pandemic spreading across the US that few can escape its scope, presenting significant challenges to all industries. However, in North America, the major adoption of the technology is noticed in the manufacturing sector where the same is applied for converting traditional manufacturing processes to smart ones. Thus, the closure of all manufacturing units across countries such as the US, Canada, and Mexico is expected to hinder the growth of the EMC testing market in the coming years.
However, the COVID-19 outbreak influenced the adoption of technology across the healthcare sector to detect COVID-19 among patients. Thus, in the present situation, rising investment by the healthcare sector in technologies is expected to drive the market during the forecast period. As a result, the sector can cope with the pandemic’s predicament in a relatively short time. This industry is currently operating at the same rate as it did prior to the outbreak. Thus, the EMC testing market in the region is expected to witness a moderate impact of the pandemic in the coming years.
Key Topics Covered
1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. EMC Testing Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 EMC Testing Standards
4.6 US EMC Standards:
4.7 EMC Regulatory Compliance
4.8 EMC Testing Pricing Analysis (Product Wise)
4.9 Lucrative Growth Opportunities: (Identification of Key Country/Region)
5. EMC Testing Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Surge in Demand for Certification Services
5.1.2 Increasing Demand for Consumer Electronics
5.2 Key Market Restraints
5.2.1 High Cost of Test Equipment
5.3 Key Market Opportunities
5.3.1 Growing Adoption of Electric Vehicles
5.4 Future Trends
5.4.1 Advancements in 5G Infrastructure
5.5 Impact Analysis of Drivers and Restraints
6. EMC Testing Market – Global Analysis
6.1 EMC Testing Market Global Overview
6.2 EMC Testing Market – Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. EMC Testing Market Analysis – By Offering
7.1 Overview
7.2 EMC Testing Market, By Offering (2020 and 2028)
7.3 Hardware and Software
7.4 Services
8. EMC Testing Market Analysis – By Service Type
8.1 Overview
8.2 EMC Testing Market, By Service Type (2020 and 2028)
8.3 Testing Services
8.4 Inspection Services
8.5 Certification Services
8.6 Other Services
9. EMC Testing Market Analysis – By End-Use
9.1 Overview
9.2 EMC Testing Market Breakdown, by End-Use, 2020 & 2028
9.3 Consumer Appliances and Electronics
9.4 Automotive
9.5 Military and Aerospace
9.6 IT and Telecommunications
9.7 Medical
9.8 Industrial
9.9 Others
10. EMC Testing Market – Geographic Analysis
10.1 Overview
10.2 North America: EMC Testing Market
10.3 Europe: EMC Testing Market
10.4 APAC: EMC Testing Market
10.5 MEA: EMC Testing Market
10.6 SAM: EMC Testing Market
11. Impact of COVID-19 Pandemic on Global EMC Testing Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.5 South America Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Market Share/Ranking Analysis
12.5 List of Target Players (Inorganic Growth Strategies)
12.6 EMC Testing Business Model Analysis (Trends, Players, Market Penetration, Average Cost Analysis)
12.6.1 Pre-Compliance Test
12.6.2 Lab Test
12.6.3 Third-Party Testing
13. Company Profiles
13.1 AMETEK Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Element Materials Technology
13.3 BUREAU VERITAS
13.4 Eurofins Scientific
13.5 INTERTEK GROUP PLC
13.6 NTS
13.7 Rohde & Schwarz
13.8 SGS SA
13.9 TUV SUD
13.10 UL, LLC
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