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Digitization, Connected Cars and IoT will Continue to Drive the Market. However, End Users Who Violate Formal Testing for Compliance will Pose a Steady Challenge to the Market
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The density of electronics-based products is increasing in a majority of verticals due to trends such as digitization, smart homes, and connected devices for Internet of Things (IoT). Hence, it is important to check compatibility of these products with unintentional electromagnetic interference (EMI) that can hamper the efficient functioning of the device. To ensure quality of the product from an electromagnetic compatibility (EMC) standpoint, regulatory bodies have enforced constantly evolving rules and directions on designing and manufacturing. However, it is mandatory that manufacturers demonstrate compliance with latest EMC directives and regional and industry-level regulations and standards through certification before market entry. Hence, several manufacturers and testing services companies perform EMC tests to verify and validate a product’s compliance towards EMI. The EMC testing market mainly comprises EMC test equipment manufacturers and EMC testing service providers. Therefore, the research service “Global Electromagnetic Compatibility (EMC) Test Equipment & Testing Services Market, Forecast to 2022” is focused on understanding market dynamics of the two major segments.
The study focuses on identifying the market size for both EMC test equipment and testing services market. The study analyzes impact of Mega Trends, market-specific trends, identifies key growth opportunities and recommends actions for market participants to capitalize on the situation. The base year for the study is 2017, forecast upto 2022. The study highlights and analyzes each of the market drivers and restraints, in addition to providing competitive factors assessment. End-user dynamics for both market segments are analyzed with market size and forecast for individual verticals. Additionally, we also provide region-specific market metrics on a global scale, including an analysis for both market segments.
The EMC test equipment market in particular has been further analyzed from the product standpoint with market metrics including individual market size and forecast. The report also comprises a market-share section to understand market concentration and top market participants within each segment.
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Author: Prabhu Karunakaran
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