According to the new research report on " EMC Testing Market Size and Forecast to 2030 – Global and Regional Share, Trends, and Growth Opportunity Analysis," published by The Insight Partners, the market is expected to reach US$ 3.99 billion by 2030 and register a CAGR of 5.8% from 2022 to 2030.
Advancements in 5G Infrastructure
Irrespective of the uncertainties that originated from the onset of COVID-19, service providers continue to work for fast adoption of 5G, with more than 160 commercial 5G services already available. 5G subscriptions sometimes include larger buckets or even limitless data, in addition to much faster speeds. Significant engineering efforts are required on test specifications, instruments, and firmware before 5G user devices can deliver on the efficiency of the new technology. One of the areas that needs to be addressed for 5G adoption is EMC testing. The need for gadgets supporting 5G is rapidly increasing, and there is a large market for testing for 5G gadgets. The evolution of industry standards for testing equipment is a time-consuming process, and test procedures can be applied to any device with little modifications. Two new technologies in the future wave of 5G gadgets will pose a challenge to current methods of testing 5G gadgets. The first challenge is that 5G equipment can use two widely separated frequency ranges, which will necessitate far more adaption than an emissions limit line extension. Second, 5G devices will use improved antenna systems to use both transmission bands, which will necessitate significant changes to current test procedures. Thus, the new standards required for 5G testing will encourage the growth of the EMC testing market in the coming years.
The advent of autonomous vehicles in North America is propelling the EMC testing market. For instance, according to IQ International Pte. Ltd, automakers and autonomous vehicle developers are planning to establish standardization and advancement for Level 5 autonomy and Full Self-Driving (FSD) capabilities. The rising demand for connected and automated vehicles (CAV) is anticipated to create opportunities for the EMC testing market. EMC testing helps ensure the proper functioning of systems in connected and automated vehicles. The increasing adoption of electric, autonomous, and connected vehicles generates a huge demand for advanced electronic devices. Functions such as advanced driver-assistance systems (ADAS), AI support, 5G antennas, and advanced processors use microchips and other components; the devices are integrated using advanced packaging technologies, which drives the adoption of modern technologies in the automotive sector.
North America has the largest aerospace & defense sector globally. The US is known for its highest defense budget worldwide; the budget totaled US$ 773.0 billion, US$ 756.6 billion, and US$ 704.7 in FY 2023, 2022, and 2021, respectively. The rising budget allocation in the defense sector is driving the EMC testing market. EMC testing is performed to minimize the risk of malfunction or interference within a platform or from external sources of onboard transmitters used for satellite and ground communication, monitoring and surveillance, and self-defense. Canada and Mexico are raising their military budgets steadily. A substantial amount is allocated for the procurement of advanced aircraft, communications systems, weapons systems, vehicles, and naval vessels. Meanwhile, the presence of a robust automotive sector, exhibiting a rapid adoption rate of EVs and connected vehicles, is further fueling the growth of the EMC testing market in North America.
The EMC testing market in US is driven by growing competition among players. The consumer electronics sector specifically leads the US EMC testing market during the forecast period. Consumer electronics devices such as televisions, hair dryers, smartphones, and micro-ovens are generating high amounts of harmful electromagnetic emissions, which has surged the adoption of EMC testing among consumer electronics manufacturers. For instance, according to SalonSpa Connection data, the US will have 444,102 licensed salons, barber shops, and spas by the end of 2023 that are highly using hair dryers in their day-to-day activities. The increasing use of hair dryers in the commercial and residential sectors is fueling the EMC testing market. Testing is important for home appliances to protect them from malfunctions, performance degradation, or complete failure when exposed to power lines and other nearby electronic devices. Moreover, house appliances, specifically hair dryers, generate harmful electromagnetic emissions. They are vulnerable to other nearby electronic devices that can cause damage to the product, which increases the demand for EMC testing, thereby driving the market in the US. Consumer electronics manufacturers also offer advanced solutions for customers and develop new technology to lead the company's growth in the market. The automotive and telecommunication sectors also play a major role in the US EMC testing market growth owing to the rising penetration of 5G networks and electric vehicles in the country. Furthermore, the growing adoption of IoT across industrial, commercial, and residential sectors is expected to flourish the EMC testing market in the forthcoming future.
The EMC testing market is segmented on the basis of offering, service type, end-use, and geography. Based on deployment, the EMC testing market is divided into hardware & software, and services. Based on service type, the EMC testing market is categorized into testing services, inspection services, certification services, and others. Based on end-use, the EMC testing market is categorized into consumer appliances and electronics, automotive, it and telecommunications, others.
Key Findings of Study:
In the global EMC testing market size, North America is expected to register the highest CAGR in the market from 2022 to 2030. The introduction of the 5G network in the market is also creating a lucrative opportunity to develop new products supporting the 5G devices. The potential growth of the EMC testing market in Canada is driven by the increasing government funding and investment in the semiconductor industry. For instance, in March 2023, the government of Canada invested US$ 26.18 million to support Ranovus Inc.'s silicon photonics and semiconductor manufacturing field. Similarly, in February 2022, the government of Canada announced an investment of US$ 189 million to boost the development and manufacturing of domestic semiconductors. Rising demand for semiconductors in consumer electronics, automotive, aerospace & defense, manufacturing & equipment, and other sectors is boosting the EMC testing market. The increasing connectivity through advanced networks and rising demand for smart devices with enhanced performance are accelerating the EMC testing market in the country. Moreover, in March 2022, Rogers Communications launched the first commercial 5G standalone (SA) network in Canada to turn to next-generation service. The emergence of 5G is anticipated to boost the EMC testing market growth through adoption in smartphones, connected vehicles, smart wearables products, and IoT devices, which will subsequently drive the EMC testing market in North America.
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