- ResearchAndMarkets.com provides a study of the global market for shielding solutions and EMC test equipment between 2020 and 2025.
- The study estimates the market to be $6.4 billion in 2020. This market is expected to grow at an average annual growth rate of 5.2% to reach $8.2 billion in 2025.
The growth of the EMC shielding and test equipment market is majorly driven by surging demand for consumer electronics, increasing electromagnetic pollution, and ongoing demonstration of field trials and pilot tests to manifest the viability of 5G technology.
The health crisis related to the Covid-19 global pandemic could have a considerable impact on the market for EMC shielding solutions and test equipment.
Conductive coatings & paints is expected to account for the largest share of the EMC shielding market during the forecast period followed by conductive polymers. The integration of various electronic equipment and systems in vehicles is driving the growth of the market for conductive coatings & paints. They are widely used to provide EMC shielding in automotive applications owing to their high shielding capability and greater resistance against EMI.
The automotive sector is expected to grow vertically at the highest average annual growth rate over the forecast period. The market for EMC shielding for the automotive industry is expected to grow at the highest average annual growth rate between 2020 and 2025. The increasing number of electronic components and systems in a newly manufactured automobile is expected to drive the demand for EMC shielding solutions in this vertical sector. Various automotive electronics systems are installed in a confined space. This creates electromagnetic interference. In order to improve energy consumption and safety, automakers are embedding communication technologies in their vehicles to exchange with other equipment such as intelligent traffic lights. Car manufacturers must implement shielding solutions and perform EMC tests to comply with electromagnetic emission and immunity standards before marketing their vehicles.
The market for EMC shielding and test equipment in the Asia-Pacific region is expected to grow at the highest average annual growth rate between 2020 and 2025. The ever-increasing use of electronic systems in the automotive industry, continued advances in wireless cellular infrastructure and growing demand for consumer electronics products are expected to drive the demand for EMC shielding solutions and test equipment in the Asia-Pacific region. Mobile data services are also growing rapidly in APAC as mobile operators have reduced the price of their services to reach as many end users as possible. The Asia-Pacific region is home to two of the most densely populated countries in the world. Its large population explains the massive adoption in the region of smartphones and other electronic devices that communicate wirelessly.