EMC Shielding and Test Equipment Market by Material (Conductive Coatings & Paints, Conductive Polymers, EMC Filters), Test Equipment (Spectrum Analyzers, EMI Receivers, Amplifiers, Test Chambers) Method (Radiation, Conduction) - Global Forecast to 2029
Updated on : Sep 30, 2024
EMC Shielding and Test Equipment Market Size & Share
The global EMC shielding and test equipment market is expected to be valued at USD 8.4 billion in 2024 and is projected to reach USD 11.3 billion by 2029; it is expected to grow at a CAGR of 6.2% from 2024 to 2029.
The EMC shielding and test equipment market is driven by the escalating demand for advanced electronic devices across industries, propelling the need for robust electromagnetic compatibility solutions. The opportunity lies in rapid technological advancements, presenting innovative materials and testing methodologies to cater to evolving industry needs.
However, a notable challenge stems from the complexity of meeting stringent testing requirements, requiring continuous innovation and adaptability in EMC solutions to address the intricacies of modern electronic systems. The market's growth is further influenced by factors such as the high cost of EMC test equipment, which may pose financial barriers to widespread adoption, particularly for smaller enterprises. Despite these challenges, the market remains pivotal in ensuring the reliability and performance of electronic components and systems on a global scale.
EMC Shielding and Test Equipment Market Forecast to 2029
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EMC Shielding and Test Equipment Market Trends
Driver: Rapid industrialization and growing apprehensions about electromagnetic pollution
The global EMC shielding and test equipment industry is propelled by swift industrialization and growing apprehensions about electromagnetic pollution. The rapid expansion and technological progress in various industries resulted in a surge of electronic devices, leading to heightened electromagnetic interference.
To counteract the impact of this interference and ensure the dependability of electronic systems, there is an increasing demand for robust EMC shielding and test equipment. This demand is further emphasized by the rising awareness and concerns related to electromagnetic pollution, prompting industries globally to invest in comprehensive solutions for electromagnetic compatibility. Consequently, the EMC shielding and test equipment market emerges as a crucial player in preserving the integrity of electronic components on a global scale.
Restraint: High cost of EMC test equipment slows down to the widespread adoption
The high cost of EMC test equipment poses a significant restraint to the widespread adoption of EMC shielding and testing solutions. The acquisition, installation, and maintenance of sophisticated EMC test equipment often involve substantial financial investments.
This cost factor can be particularly challenging for smaller enterprises and organizations with limited budgets, hindering their ability to implement comprehensive EMC solutions. Additionally, the expense associated with training personnel to operate and interpret results from these specialized tools contributes to the overall economic burden. The high upfront costs may dissuade some businesses from prioritizing EMC testing, potentially compromising the effectiveness of electromagnetic interference mitigation strategies. As a result, the financial barrier associated with EMC test equipment remains a notable constraint in the broader adoption of robust EMC shielding and testing practices across various industries.
Opportunity: Rising adoption of electric vehicles (EVs) offers opportunity for the market growth of EMC shielding and test equipment
The rising adoption of electric vehicles (EVs) represents a significant opportunity in various industries. As the world transitions towards sustainable transportation, the demand for electric vehicles is rapidly increasing.
This shift presents opportunities for the EMC shielding and test equipment market as EVs heavily rely on intricate electronic systems, such as electric powertrains and advanced driver-assistance systems (ADAS). Ensuring the electromagnetic compatibility of these systems is critical to maintaining the performance and safety of electric vehicles. Consequently, the growing market for electric vehicles necessitates a parallel growth in EMC solutions to mitigate electromagnetic interference and ensure the seamless operation of these advanced automotive technologies. This trend positions the EMC shielding and test equipment market at the forefront of supporting the expanding electric vehicle ecosystem.
Challenge: Complex testing requirements pose a significant hurdle for the EMC shielding and test equipment market
The challenge of meeting complex testing requirements poses a significant hurdle for the EMC shielding and test equipment market. As electronic devices and systems become more sophisticated and interconnected, the testing criteria become increasingly intricate and stringent.
The diverse range of applications across industries demands comprehensive testing methodologies to ensure electromagnetic compatibility. The complexity of testing requirements often requires advanced and specialized equipment, skilled personnel, and adherence to evolving regulatory standards. Meeting these intricate testing demands can be resource-intensive for companies, potentially leading to delays in product development cycles and increased operational costs. The challenge of addressing complex testing requirements underscores the need for continuous innovation and adaptability in EMC shielding and test equipment solutions to keep pace with the evolving landscape of electronic technologies.
EMC Shielding And Test Equipment Market Ecosystem
The EMC shielding and test equipment market is dominated by established and financially sound manufacturers with extensive experience in the industry. These companies have diversified product portfolios, cutting-edge technologies, and strong global sales and marketing networks. Leading players in the market include PARKER HANNIFIN CORP (US), PPG Industries, Inc. (US), 3M (US), Henkel AG & Co. KGaA (Germany), AMETEK.Inc. (US), among others.
Emc Shielding And Test Equipment Market Segmentation
The EMC Shielding Tapes & Laminates segment by material is expected to exhibit the highest growth rate during the forecast period.
EMC Shielding Tapes & Laminates exhibit the highest CAGR in the EMC shielding market due to their adaptability and effectiveness in managing electromagnetic interference (EMI). These materials offer a versatile solution for shielding electronic components and systems, facilitating seamless integration into various applications.
The tapes and laminates strike a balance between providing efficient EMI protection and ease of application, making them well-suited for intricate electronic designs. With a growing demand for compact and interconnected devices, particularly in consumer electronics and telecommunications, the utilization of EMC shielding tapes and laminates is on the rise. Their ongoing adoption is further fueled by advancements in tape technologies, ensuring superior shielding performance and effectively addressing the evolving challenges associated with electromagnetic compatibility across diverse electronic applications.
Based on the equipment type, spectrum analyzer accounts for the highest growth rate during the forecast period.
The spectrum analyzer commands the highest CAGR in the EMC test equipment market, playing a crucial role in managing the escalating complexity of electronic systems. With the rapid proliferation of electronic devices across consumer electronics, telecommunications, automotive, healthcare, and aerospace industries, there is an imperative need for precise and comprehensive electromagnetic compatibility (EMC) testing.
By identifying and analyzing electromagnetic signals across a broad frequency spectrum, Spectrum analyzers provide unmatched versatility and accuracy in detecting potential sources of electromagnetic interference (EMI). Amidst the increasing demand for sophisticated and interconnected electronic systems, coupled with stringent regulatory standards, spectrum analyzers emerge as indispensable tools for ensuring EMC compliance and reliability across diverse applications, thus propelling their significant growth in the market.
Automotive by end-user industry to hold the highest growth rate in the EMC shielding and test equipment market.
The automotive sector leads the EMC shielding and test equipment market with the highest CAGR, driven by transformative changes in the automotive landscape. As vehicles increasingly rely on electronic components such as advanced driver-assistance systems (ADAS), connectivity features, and electric powertrains, the susceptibility to electromagnetic interference (EMI) significantly rises.
Automotive manufacturers are making substantial investments in EMC shielding and testing to ensure the reliability and performance of these intricate electronic systems, adhering to stringent industry standards and regulations. The growing focus on electric vehicles and autonomous driving adds complexity to electronic systems, further fueling the demand for robust EMC solutions. Positioned at the forefront of technological innovation, the automotive industry propels the unprecedented growth in the need for advanced EMC shielding and testing equipment, contributing to the sector's highest CAGR in the market.
EMC shielding and test equipment market in the Asia Pacific region to exhibit the highest CAGR during the forecast period.
Asia Pacific exhibits the highest EMC shielding and test equipment market growth rate due to several factors driving its robust growth. The region's rapid industrialization and burgeoning electronics manufacturing sector, particularly in countries such as China, Japan, South Korea, and Taiwan, play a pivotal role.
As these nations witness an unprecedented surge in the production of electronic devices, the demand for effective electromagnetic compatibility (EMC) solutions intensifies. Moreover, stringent regulatory standards and the increasing complexity of electronic systems contribute to the escalating need for EMC shielding and testing equipment across diverse industries.
The emphasis on technological innovation and the continuous adoption of advanced electronic components positions Asia Pacific at the forefront of the global EMC market. Additionally, the region's proactive approach toward addressing emerging challenges and the rapid pace of technological advancements contribute significantly to its highest CAGR in the EMC shielding and test equipment market.
EMC Shielding and Test Equipment Market by Region
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Top EMC Shielding And Test Equipment Industry - Key Market Players
The EMC shielding and test equipment companies is dominated by players such as
- PARKER HANNIFIN CORP (US),
- PPG Industries, Inc. (US),
- 3M (US),
- Henkel AG & Co. KGaA (Germany),
- AMETEK.Inc. (US) and others.
EMC Shielding And Test Equipment Market Report Scope
|
Report Metric |
Details |
| Estimated Market Size | USD 8.4 billion in 2024 |
| Projected Market Size | USD 11.3 billion by 2029 |
| Growth Rate | CAGR of 6.2% |
|
Market size available for years |
2020-2029 |
|
Base year considered |
2023 |
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Forecast period |
2024-2029 |
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Forecast units |
Value (USD Thousand/Million/Billion) |
|
Segments Covered |
By Type, By End-user Industry |
|
Geographies covered |
North America, Europe, Asia Pacific, and Rest of the world (RoW) |
|
Companies covered |
The major market players include PARKER HANNIFIN CORP (US), PPG Industries, Inc. (US), 3M (US), Henkel AG & Co. KGaA (Germany), AMETEK.Inc. (US), (Total of 25 players are profiled) |
EMC Shielding and Test Equipment Market Highlights
The study categorizes the EMC shielding and test equipment market based on the following segments:
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Segment |
Subsegment |
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By Type |
|
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By Region |
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Recent Developments in EMC Shielding And Test Equipment Industry
- In November 2023, AMETEK, Inc. launched the CDN 3063A-C100.1, the inaugural 3-phase Teseq coupling network with a switchable current range. This innovation enhances EMC testing setups, offering users unprecedented flexibility to meet diverse test requirements. The switchable current range represents a notable advancement, addressing the evolving needs of EMC testing applications.
- In September 2023, Henkel introduced the multifunctional EMI thermal gap pad without silicone. The Bergquist Gap Pad TGP EMI4000 is a silicone-free substance that combines high thermal conductivity (4W/mK) with EMI shielding capabilities, effective up to 77 GHz frequencies.
- In September 2023, PPG Industries, Inc. announced the successful conclusion of a USD 2.7 million project to expand its powder coatings plant in Sumaré, Brazil. This expansion boosted the facility's production capacity by 40%.
- In May 2023, PPG Industries, Inc. unveiled a USD 44 million investment plan to enhance five powder coating manufacturing facilities across the US and Latin America. These initiatives are a core component of PPG's strategic objectives to broaden its portfolio of powder coatings and amplify worldwide production capacity to cater to the increasing customer demand for environmentally sustainable products.
- In July 2021, PARKER HANNIFIN CORP’s Chomerics division, a global motion and control solutions provider, introduced three new PRO-SHIELD products to the European market. This innovative PRO-SHIELD series features top-tier coatings, paints, and sealants, empowering users to establish a reliable electromagnetic interference (EMI) shield for plastic components. It can be used in various industries, including electronics, telecommunications, and healthcare.
Frequently Asked Questions:
What are the EMC shielding and test equipment market's major driving factors and opportunities?
The major driver for the EMC shielding and test equipment market is the surging demand for advanced electronic devices, intensifying the need for effective electromagnetic compatibility solutions. The opportunity lies in rapid technological advancements, offering innovative materials and testing methodologies to cater to evolving industry needs and regulatory standards. This market is propelled by the critical role it plays in maintaining the integrity and reliability of electronic components across diverse applications, despite challenges such as the high cost of EMC test equipment.
Which region is expected to hold the highest market share?
Asia Pacific secures the highest share in the EMC shielding and test equipment market due to rapid industrialization, a flourishing electronics manufacturing sector, and stringent regulatory standards. The region's pivotal role in global electronics production, particularly in countries like China and Japan, reinforces its leadership position, driven by the escalating demand for effective electromagnetic compatibility solutions.
Who are the leading players in the global EMC shielding and test equipment market?
Companies such as PARKER HANNIFIN CORP (US), PPG Industries, Inc. (US), 3M (US), Henkel AG & Co. KGaA (Germany), AMETEK.Inc. (US) are the leading players in the market. Moreover, these companies rely on several strategies, including new product launches and developments, collaborations and partnerships, and acquisitions. Such methods give these companies an edge over other players in the market.
What are some of the technological advancements in the market
Technological advancements in the EMC shielding and test equipment market include the development of innovative shielding materials with enhanced performance, adoption of advanced testing methodologies, integration of artificial intelligence for more efficient testing processes, and the use of novel techniques to address evolving challenges in electromagnetic compatibility within electronic systems. These advancements aim to provide more effective solutions for mitigating electromagnetic interference and ensuring the reliability of electronic components.
What is the size of the global EMC shielding and test equipment market?
The global EMC shielding and test equipment market was valued at USD 8.4 billion in 2024 and is anticipated to reach USD 11.3 billion at a CAGR of 6.2% during the forecast period.
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The study involved four major activities in estimating the current size of the EMC shielding and test equipment market. Exhaustive secondary research collected information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Various secondary sources have been referred to in the secondary research process for identifying and collecting information important for this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers; journals and certified publications; and articles from recognized authors, websites, directories, and databases. Secondary research has been conducted to obtain critical information about the industry’s supply chain, the market’s value chain, the total pool of key players, market segmentation according to the industry trends (to the bottom-most level), regional markets, and key developments from market- and technology-oriented perspectives. The secondary data has been collected and analyzed to determine the overall market size, further validated by primary research.
List of major secondary sources
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Segment |
Subsegment |
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American Society for Testing and Materials (ASTM) |
https://www.astm.org/ |
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Institute of Electrical and Electronics Engineers (IEEE) |
https://www.ieee.org/ |
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International Electrotechnical Commission (IEC) |
https://www.oica.net/ |
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Federal Communications Commission |
https://www.fcc.gov/ |
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International Electrotechnical Commission (IEC) |
https://iec.ch/ |
Primary Research
Extensive primary research was conducted after gaining knowledge about the current scenario of the EMC shielding and test equipment market through secondary research. Several primary interviews were conducted with experts from both the demand and supply sides across four major regions—North America, Europe, Asia Pacific, and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market engineering process, top-down and bottom-up approaches have been used, along with several data triangulation methods, to perform market estimation and forecasting for the overall market segments and subsegments listed in this report. Key players in the market have been identified through secondary research, and their market shares in the respective regions have been determined through primary and secondary research. This entire procedure includes the study of annual and financial reports of the top market players and extensive interviews for key insights (quantitative and qualitative) with industry experts (CEOs, VPs, directors, and marketing executives).
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the parameters affecting the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report. The following figure represents this study’s overall market size estimation process.
Bottom-Up Approach
The bottom-up approach was used to arrive at the overall size of the EMC shielding and test equipment market from the revenues of the key players and their shares in the market. The overall market size was calculated based on the revenues of the key players identified in the market.
- Identifying entities in the EMC shielding and test equipment value chain influencing the entire EMC shielding and test equipment industry
- Analyzing each entity along with related major companies identifying technology providers for the implementation of products
- Estimating the market for these EMC shielding and test equipment end users
- Tracking ongoing and upcoming implementation of EMC shielding and test equipment developments by various companies and forecasting the market based on these developments and other critical parameters
- Arriving at the market size by analyzing EMC shielding and test equipment companies based on their countries and then combining it to get the market estimate by region
- Verifying estimates and crosschecking them through a discussion with key opinion leaders, including Chief Experience Officers (CXOs), directors, and operation managers
Top-Down Approach
In the top-down approach, the overall market size has been used to estimate the size of individual markets (mentioned in the market segmentation) through percentage splits from secondary and primary research.
The most appropriate immediate parent market size has been used to implement the top-down approach to calculate the market size of specific segments. The top-down approach has been implemented for the data extracted from the secondary research to validate the market size obtained.
Each company’s market share has been estimated to verify the revenue shares used earlier in the top-down approach. This study has determined and confirmed the overall parent market and individual market sizes by the data triangulation method and data validation through primaries. The data triangulation method in this study is explained in the next section.
- Focusing initially on topline investments by market players in the EMC shielding and test equipment ecosystem
- Calculating the market size based on the revenue generated by market players through the sales of EMC shielding and test equipment
- Mapping the use of EMC shielding and test equipment in different technologies
- Building and developing the information related to the revenue generated by market players through key products
- Estimating the geographic split using secondary sources considering factors, such as the number of players in a specific country and region, the role of major players in developing innovative products, and adoption and penetration rates for various methods, and end-user industries in a particular country.
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. The data triangulation procedure has been employed wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market size has been validated using top-down and bottom-up approaches.
Market Definition
EMC shielding, or Electromagnetic Compatibility shielding, refers to the use of materials and techniques to protect electronic devices and systems from electromagnetic interference (EMI) and radiofrequency interference (RFI). The primary goal of EMC shielding is to prevent unwanted electromagnetic emissions from interfering with the operation of electronic devices or systems and to protect them from external electromagnetic influences. EMC shielding materials can include conductive foils, metal coatings, conductive polymers, and ferrite materials. These materials are strategically applied to electronic components, enclosures, or entire devices to create a barrier that attenuates or absorbs electromagnetic radiation.
EMC test equipment refers to various instruments and devices used to assess and measure the electromagnetic compatibility of electronic products and systems. These tools ensure that electronic devices comply with industry standards and regulations related to electromagnetic emissions and susceptibility. EMC test equipment includes spectrum analyzers, EMI receivers, amplifiers, ESD generators, and RF signal generators. Each type of equipment is designed to assess different aspects of electromagnetic compatibility.
Key Stakeholders
- EMC shielding system suppliers
- EMC test equipment suppliers
- EMC shielding component suppliers
- EMC testing service providers
- EMC regulatory bodies
- Semiconductor component manufacturers
- Advanced chemical material suppliers
- End users who want to know more about EMC shielding and test equipment and the latest technological developments in this market
- Banks, financial institutions, investors, and venture capitalists
- Technology investors
- Governments and financial institutions
- Research institutes and organizations
- Market research and consulting firms
Report Objectives
- To describe and forecast the EMC shielding and test equipment market, in terms of value, based on type, and region
- To define, describe, and forecast the global EMC shielding market on the basis of end-user industry
- To define, describe, and forecast the global EMC test equipment market on the basis of end-user industry
- To forecast the EMC test equipment market in terms of volume for equipment type
- To forecast the market size, in terms of value, for various segments with regard to 4 main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)
- To provide detailed information regarding the major factors influencing the growth of the EMC shielding and test equipment market (drivers, restraints, opportunities, and industry-specific challenges)
- To analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To study the complete value chain and allied industry segments, and perform a value chain analysis of the EMC shielding and test equipment landscape
- To analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the EMC shielding and test equipment market
- To profile the key players and comprehensively analyze their market position in terms of ranking and core competencies2, along with detailing the competitive landscape for the market leaders
- To analyze competitive developments, such as partnerships and joint ventures, mergers and acquisitions, new product developments, expansions, and research and development, in the EMC shielding and test equipment market
- To track and analyze competitive developments, such as partnerships, collaborations, agreements, joint ventures, mergers and acquisitions, expansions, product/service launches, and other developments in the market.
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to 5)
- Additional country-level analysis of the EMC shielding and test equipment market
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company in the EMC shielding and test equipment market.
Growth opportunities and latent adjacency in EMC Shielding and Test Equipment Market