The global electromagnetic compatibility (EMC) testing market is estimated to grow from USD 2.1 billion in 2019 to USD 2.8 billion by 2024; it is expected to grow at a CAGR of 5.4% from 2019 to 2024 The purpose of these testing products and services is to improve the productivity of manufacturers, ensure the adherence of products to the global standards meant for electronic devices and components, and enhance the quality of the products. EMC testing services and products also assure end users and consumers that the manufacturers have followed the national and international regulations and industry standards to maintain the quality of their products, safeguard public health, and ensure their safety.
The EMC testing market for services is expected to grow at the highest CAGR during the forecast period. The EMC testing market offers services to ensure that the products adhere to quality, technical safety, and performance regulatory standards. In general, testing is carried out in laboratories and facilitates the manufacturers to improve the marketability of their products and lower the manufacturing costs in the pre-production phase. Inspection services are offered for the examination of traded goods from manufacturers to end users to ensure that the goods comply with the buyer’s specifications.
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The EMC testing market for certification services is expected to grow at the highest CAGR during the forecast period. Certification services ensure product safety and performance attributes. Certification services mainly include customized audit and certification services with respect to quality, health & safety, environment, and social responsibility. These services enable clients to commit to ongoing processes aimed at improving their business performance. The EMC testing market for consumer applications and electronics is expected to grow at the highest CAGR during the forecast period. EMC requirements for consumer appliances are a cross-reference to radio frequency requirements and embedded wireless functionality. Testing service providers offer testing services for wireless technologies such as Bluetooth, cellular, near-field communications (NFC), and Wi-Fi. Furthermore, any electronic device is an interconnection of different systems and components; therefore, the performance of the device is primarily dependent on these components.
The EMC testing market is likely to witness steady growth across the world, particularly in the emerging economies of Asia Pacific, driven by the strict regulatory and economic factors in these regions. The EMC testing market in North America is expected to grow at the highest CAGR during the forecast period. This growth is due to the presence of giant manufacturing electronic companies in countries such as the US, Canada, and Mexico. These companies require EMC testing due to the rapid adoption of emerging technologies including 5G, artificial intelligence, and cloud computing in electronic components and equipment.
EMC Testing Market by Offering (Hardware & Software and services), End-Use Application (Consumer Appliances & Electronics, Automotive, Military & Aerospace, IT & Telecommunications, Medical, Industrial), and Geography - Global Forecast 2024
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