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.

Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=512

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.

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.

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.

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.