- The study conducted by Technavio forecasts an average annual growth in the global market for electromagnetic compatibility (EMC) test equipment of nearly 7% between 2018 and 2022.
- This market is estimated at $627 million in 2017.
- This study segments the market by sector (automotive, consumer electronics, telecommunications, aerospace and defence, etc.) and by major geographical area.
The Technavio’s study of the global market for EMC test equipment also provides an analysis of the most important trends that are expected to have an impact on the market outlook over the period 2018 to 2022.
The increase in smartphone production and the strong growth of the semiconductor and electronics industry in the Asia-Pacific region are the main growth drivers of the global market for EMC test equipment.
Technavio notes that the increasing use of wired and wireless communication systems in automobiles should stimulate the demand for EMC test equipment. MOST150 and Broad R-Reach Ethernet are two communication technologies that are increasingly used in vehicles. New entertainment systems will be installed in cars to connect more devices using wireless communication technologies such as Wi-Fi and Bluetooth. European eCall emergency call technology embedded in cars automatically sends an alert to emergency centres via the cellular telecommunications network in the event of a serious accident. In addition, cars are equipped with features such as a GPS system and a Hot Spot that converts 3G or 4G signals to Wi-Fi.
The automotive sector holds the largest market share of EMC test equipment, with nearly 29% of the market in 2017. This segment is expected to dominate the global market throughout the forecast period (2018 to 2022).
The Asia-Pacific region (APAC) represents the largest market share in 2017 (with more than 45%), followed respectively by the American continent and the EMEA (Europe, Middle East, Africa). The APAC region is expected to continue to dominate the market between 2018 and 2022.
Technavio offers free extracts from the report on market size, forecasts and growth factors, etc.