The performance of an electronic device or a system can be affected seriously unless electromagnetic compatibility is taken into account. Electromagnetic compatibility (EMC) implies that a device or system does not emit electromagnetic energy that can affect nearby devices by causing electromagnetic interference (EMI) and the device itself must withstand against radio transmissions, human-borne disturbances, electrostatic fields, and other phenomena. Thus, the purpose of electromagnetic compatibility (EMC) is to ensure that a device would work as it intends to work. The electromagnetic compatibility test equipment used to perform various EMC testing according to the regulatory guidelines and to check the electromagnetic emission and immunity level of the device or system under test. Third-party laboratories, in-house laboratories, and regulatory bodies are the key users of the electromagnetic compatibility (EMC) test equipment and third-party laboratories held the largest market share in the said market due to the commoditization of EMC testing services.
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The market for electromagnetic compatibility (EMC) shielding was valued at USD 3.51 billion in 2014 and is estimated to reach USD 5.01 billion by 2020, at a CAGR of 6.09% from 2015 to 2020. The key drivers contributing to the growth of the electromagnetic compatibility (EMC) shielding market primarily include the increasing deployment of electronics system in automotive and strong demand for consumer electronics devices. However, the miniaturization of electronics device possesses a key challenge in front of the EMC engineer and experts.
The consumer electronics segment has generated the maximum revenue for the electromagnetic compatibility shielding market in 2014 due to proliferation of consumer electronics devices. The deployment of advanced telecom infrastructure such as 3G and 4G-LTE would not only drive the growth in telecom & IT segment of the said market but also provide an opportunity to the consumer electronics segment as the demand would also witness in 4G-LTE-enabled smartphones and tablets. The automotive segment of the electromagnetic compatibility shielding market is expected to grow at the highest CAGR of 7.28% during the forecast period due to the increasing usage of electronics devices and system in various automobiles to enhanced the safety, comfort and convenience. The said market segment is expected to reach USD 753.9 million by 2020.
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Asia-Pacific is the largest market for electromagnetic compatibility test equipment as it is the global hub for electronics manufacturing with the presence of many local and multinational companies which require to compliance with the EMC related regulations to market their product worldwide.
