PUNE, India -- According to a new market research report on the "Electromagnetic Compatibility (EMC) Shielding and Test Equipment Market by Type (EMI Shielding Tapes, Conductive Coatings and Paints, Metal Shielding & Test Equipment), Application, and Geography (North America, Europe, Asia-Pacific, and RoW)- Forecast to 2020", published by MarketsandMarkets, the global electromagnetic compatibility (EMC) shielding market was valued at USD 3.51 Billion in 2014 and is estimated to reach USD 5.01 Billion by 2020, at an estimated CAGR of 6.09% from 2015 to 2020.
The consumer electronics segment has constituted as the largest application for the said market in 2014, followed by telecom & IT. Demand for smartphones, wearable electronics such smartwatches, fitness and activity tracker, and development towards advanced mobile infrastructure such 4G-LTE and LTE-A would further strengthen the global electromagnetic compatibility (EMC) shielding market. Automotive, healthcare, aerospace & defense are the next major applications of electromagnetic compatibility (EMC) shielding and expected to grow at a significant rate during the near future.
The Electromagnetic Compatibility Test Equipment Market is expected to be worth USD 2.08 Billion by 2020. Various companies from the electronics test and measurement sector are the major participants in this market. Electric vehicles are engineered with high-voltage source and high-frequency switching devices compared to traditional vehicles. Thus, this requires a different approach to perform EMC testing. Hence, the popularity of the electric and hybrid would offer an excellent opportunity to the said market.
Third-party EMC laboratories run by the companies such as TUV Ltd, Bureau Vistas, Intertek, and TÜV Rheinland and are the largest users of the electromagnetic compatibility test equipment, followed by in-house laboratories.
Asia-Pacific was the largest market for the electromagnetic compatibility test equipment in 2014, and it is also expected to be the fastest-growing region, followed by North America, which is also among the major regions that play a significant role in the growth of the said market.
The U.S. was the largest contributor in the electromagnetic compatibility test equipment market in North America, which commended 71.05% of the total North American electromagnetic compatibility test equipment market share in 2014.
The Asia-Pacific market for electromagnetic compatibility test equipment is expected to be driven by China and other counties especially from Southeast Asia.
The report describes market dynamics that include key drivers, restraints, challenges, and opportunities with respect to the global electromagnetic compatibility (EMC) shielding and test equipment market and forecast the market till 2020.
This global report provides a detailed view of the global electromagnetic compatibility (EMC) shielding and test equipment market across products, applications, and geographies. The report also profiles the prominent players in the global electromagnetic compatibility (EMC) shielding and test equipment market, along with their key growth strategies.
The competitive landscape of the market analyzes a large number of players with their market share. The global electromagnetic compatibility (EMC) shielding and the test equipment market is witnessing numerous collaborations and partnerships and new product launches across the value chain, to cater to various industries in different geographies.
Some of the key players profiled in the report are Laird Plc. (U.K.), Chomerics (U.S.). Tech-Etch, Inc. (U.S.), Leader Tech, Inc. (U.S.) and Kitagawa Industries Co., Ltd. (Japan), Rohde & Schwarz GMBH & CO. KG (Germany), Keysight Technologies, Inc. (U.S.), AR Inc. (U.S.), Teseq AG (Switzerland), and EM Test (Switzerland).
Browse 70 market data Tables and 62 Figures spread through 174 Pages and in-depth TOC on "Electromagnetic Compatibility (EMC) Shielding and Test Equipment Market" http://www.marketsandmarkets.com/Market-Reports/electromagnetic-compatibility-emc-shielding-market-512.html
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