EMC Testing Market Overview: Market Size, Major Drivers And Trends
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The global EMC testing market is on a trajectory of substantial growth, projected to rise from $2.23 billion in 2022 to $2.40 billion in 2023, showcasing a compelling Compound Annual Growth Rate (CAGR) of 7.3%. Looking ahead, the market is poised to reach $3.05 billion in 2027, maintaining a steady CAGR of 6.2%. This blog delves into the pivotal role of the rising demand for electric vehicles in propelling the EMC testing market and explores the key trend of technological advancements shaping the industry landscape.
Driving Force: Electrifying Growth Through Electric Vehicles
- Demand Surge for Electric Vehicles: The EMC testing market is set to experience a surge fueled by the escalating demand for electric vehicles (EVs) globally.
- Electric Vehicle Definition: An electric vehicle is defined as a vehicle equipped with an electric motor drawing power from a battery, often rechargeable through an external source.
- EMC Testing in Electric Vehicles: EMC testing in the context of electric vehicles involves evaluating radio frequency (RF) emissions from the vehicle’s electrical systems and assessing their susceptibility to RF impulses both within and outside the vehicle.
- Sales Milestone: In 2021, electric car sales witnessed a remarkable 4% increase, reaching a staggering 6.6 million units globally. This surge nearly doubled compared to 2020, contributing to a total of 16.5 million electric vehicles on the road.
Industry Titans: Leaders Shaping the EMC Testing Landscape
- Key Players: Major players driving the EMC testing market include UL LLC, Eurofins Scientific SE, Anritsu Corporation, SGS SA, Agilent Technologies Inc., and several others.
- Industry Influence: These prominent entities play a crucial role in setting standards, advancing technology, and meeting the evolving needs of the EMC testing market.
Technological Leap: The Trend of Advancements in EMC Testing
- Technological Advancement Trend: A significant trend gaining momentum in the EMC testing market is the emphasis on technological advancements by major industry players.
- Gauss Instruments’ Innovation: In June 2022, Gauss Instruments, a Germany-based manufacturer, introduced the TDEMI S Series, a real-time spectrum and signal analyzer tailored for EMC testing.
- Enhanced Capabilities: The TDEMI S Series stands out with its ability to be upgraded for terahertz frequency range operation using external mixers. With a compact size and 12-volt output, it proves to be ideal for field or onboard testing applications.
- HyperOverlapping Technology: The incorporation of HyperOverlapping technology enables novel ways of signal recording and analysis, providing maximum measurement accuracy through high-resolution ADCs that correct for nonlinear effects.
Market Dynamics: Understanding the Diverse Landscape
- By Offering Type: Building the Foundation
- By Services Type: Comprehensive Services Portfolio
- Testing Services
- Inspection Services
- Certification Services
- Other Services
- By End-Use: Catering to Diverse Industries
- Consumer Appliances And Electronics
- Military And Aerospace
- IT And Telecommunications
- Renewable Energy
Regional Dynamics: Asia-Pacific Leading the Charge
- Asia-Pacific Dominance: In 2022, Asia-Pacific emerged as the largest region in the EMC testing market, indicating the region’s pivotal role in steering market dynamics.
Future Projections: Navigating the EMC Testing Landscape
- Projected Growth: The global EMC testing market is anticipated to reach $3.05 billion in 2027, reflecting steady growth and a commitment to innovation and technological advancements.
- Evolving Landscape: As the market progresses, continuous technological innovation, increased adoption of electric vehicles, and diverse applications across industries promise a future characterized by enhanced efficiency, reliability, and compliance.
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The EMC Testing Global Market Report 2023 provides an overview of the EMC testing market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The EMC testing market forecast analyzes EMC testing market size, EMC testing market share, leading competitor and their market positions.
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