USD 1.2 billion
Global EMC Component Market Size, Share, Growth Analysis, By Equipment Type(EMI Shielding Tapes, Conductive Coatings and Paints), By Service Type(Testing Services, Inspection Services), By End-User(Consumer Appliances and Electronics, Automotive Military and Aerospace) - Industry Forecast 2024-2031
Report ID:
SQMIG20D2085 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
93 |
Figures:
76
Global EMC Component Market Insights
Global EMC Component Market size was valued at USD 1.2 billion in 2021 and is poised to grow from USD 1.25 billion in 2022 to USD 1.75 billion by 2030, growing at a CAGR of 4.3% in the forecast period (2023-2030).
The growing use of electronic systems and devices in various industries has led to a rise in the need for effective solutions for shielding electromagnetic compatibility (EMC). EMC shielding and testing solutions have been used in industries such as consumer electronics, automotive, and telecommunications. The use of these solutions is critical in ensuring that the electromagnetic radiation emitted by electronic devices is minimized to the lowest possible level. The global market for EMC shielding and testing solutions is expected to grow rapidly due to several factors, including the increasing use of electronics systems and devices in the automotive sector, the need for effective solutions to comply with firm EMC regulations, and the growing demand for commercial goods. The market is expected to be driven by the fast-growing segments of automotive, consumer electronics, and telecom & IT.
In recent years, there has been a significant increase in the operating frequency of electronic devices, and the use of nonlinear devices has had a significant influence on the market for EMC shielding and testing equipment. Strict EMC requirements are essential for fostering business expansion. In addition to strict regulations, rapid developments in communication technologies have been keeping market prospects high. However, the market growth of EMC shielding and testing solutions has been hampered by ever-changing policies and directives. Companies operating in this market must keep up with the latest regulations and standards to remain compliant and competitive. The ability to provide effective solutions that comply with these regulations and standards is critical for companies in the EMC shielding and testing market. The market for EMC shielding and testing solutions presents significant investment opportunities, particularly in the fast-growing segments of automotive, consumer electronics, and telecom & IT. Companies that can provide effective solutions that meet the needs of these industries and comply with the latest regulations and standards are likely to succeed in this market.
US EMC Component Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
EMI Shielding Tapes
Growth Rate
4.3% CAGR
Global EMC Component Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
Global EMC Component Market Size By Equipment Type 2022-2030 (%)
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Global EMC Component Market Segmental Analysis
Global EMC Component market is segmented by equipment type, service type, and end-user. Based on equipment type, the market can be segmented into EMI shielding tapes, conductive coatings and paints, and metal shielding and test equipment. Based on service type, the market can be segmented into testing services, inspection services, certification services, and others. Based on end-users, the market is segmented into consumer appliances and electronics, automotive military and aerospace, IT and telecommunications, medical, and industrial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
EMC Component Market Analysis by Equipment Type
By type, the market can be segmented into the market EMI shielding tapes, conductive coatings and paints, and metal shielding and test equipments. EMI shielding tapes segment dominated the global market. Theseare a type of adhesive tape that provides an effective way to protect electronic devices and equipment from electromagnetic interference. These tapes are made from materials such as aluminum or copper foil that have been laminated to a polyester or polypropylene film. The tapes are designed to be applied to the surface of electronic devices and equipment to create a conductive shield that prevents the transmission of electromagnetic energy.
Conductive coatings and paints segment is the fastest growing segment. These are another type of EMC component that is used to protect electronic devices and equipment from electromagnetic interference. These coatings and paints are made from conductive materials such as copper, silver, or nickel and are designed to be applied to the surface of electronic devices and equipment. The coatings and paints provide a conductive layer that helps to shield the device from electromagnetic energy.
EMC Component Market Analysis by Service Type
By service type, the market can be segmented into testing services, inspection services, certification services, and others. Testing services are expected to dominate the market for EMC shielding and testing solutions due to the increasing demand for testing services in various industries. Testing services include EMC testing, environmental testing, and safety testing. These services are critical in ensuring that electronic devices are compliant with industry standards and regulations. EMC testing involves testing electronic devices for their ability to operate properly in the presence of electromagnetic interference (EMI) from other devices. Environmental testing involves testing electronic devices for their ability to operate in harsh environments such as extreme temperatures, humidity, and vibration. Safety testing involves testing electronic devices for their safety features such as shock resistance, fire resistance, and explosion resistance.
Inspection services are also expected to grow significantly due to the increasing demand for inspection services in various industries. Inspection services involve the inspection of electronic devices to ensure compliance with industry standards and regulations. These services are critical in ensuring the safety and reliability of electronic devices.
EMC Component Market Analysis by End-Users
By end-users, the market is segmented into consumer appliances and electronics, automotive military and aerospace, IT and telecommunications, medical, and industrial. The consumer appliances and electronics segment is one of the largest end-user segments in the EMC components market. This segment includes a wide range of devices such as televisions, computers, and smartphones, which are used in everyday life. With the increasing demand for electronic devices and appliances, there is a growing need for EMC components to ensure that these devices function correctly in the presence of electromagnetic interference. This segment is also highly competitive, with several key players such as Murata Manufacturing Co., Ltd. and TDK Corporation dominating the market.
The automotive military and aerospace segment is another significant end-user segment in the EMC components market. In the automotive industry, EMC components are essential to ensure the proper functioning of various electronic systems such as engine management, infotainment, and safety systems. Similarly, in the military and aerospace sectors, EMC components are crucial for ensuring the safe and reliable operation of critical electronic equipment such as communication systems and navigation systems.
Global EMC Component Market By Equipment Type, 2022 (%), 2023 (%)
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Global EMC Component Market Regional Insights
North America is a dominant region in the global EMC components market. The region has a well-established electronics industry and is home to several key players in the market. The increasing demand for consumer electronics, automotive, and aerospace equipment is driving the growth of the EMC components market in North America. In the consumer appliances and electronics segment, North America is a significant market, owing to the high demand for electronic devices such as smartphones, laptops, and televisions. The region is also home to some of the world's largest technology companies, such as Apple, Microsoft, and Intel, which are driving the growth of the market. These companies are investing heavily in research and development to develop advanced electronic devices, which are driving the demand for EMC components. In the automotive and aerospace segments, North America is a leading market for EMC components. The region is home to several major automakers and aerospace companies, such as General Motors, Boeing, and Lockheed Martin. These companies are investing in advanced technologies such as electric vehicles and autonomous driving, which are driving the demand for EMC components to ensure the proper functioning of electronic systems in these vehicles and equipment. North America is also a leading market for the IT and telecommunications segment. The region is home to several major technology companies, such as Cisco Systems and Qualcomm, which are driving the growth of the market. The increasing demand for high-speed connectivity and advanced networking technologies is driving the demand for EMC components in this segment.
On the other hand, the Asia-Pacific (APAC) region is one of the fastest-growing regions in the global EMC components market. The region includes countries such as China, Japan, India, South Korea, and Taiwan, which are major manufacturing hubs for electronic devices and equipment. The APAC region is the increasing adoption of electronic devices and appliances. With the growing population and increasing disposable income in countries such as China and India, there is a high demand for consumer electronics such as smartphones, televisions, and laptops. This has resulted in a growing demand for EMC components to ensure the proper functioning of these devices in the presence of electromagnetic interference. The APAC region is a presence of several key players in the market. Companies such as Murata Manufacturing Co., Ltd., TDK Corporation, and Würth Elektronik Group have a significant presence in the region and are investing heavily in research and development to develop advanced EMC components. The APAC region is also witnessing significant growth in the automotive industry, which is driving the demand for EMC components. With the increasing demand for vehicles and the growing adoption of electric and hybrid vehicles, there is a growing need for EMC components to ensure the proper functioning of various electronic systems such as engine management, infotainment, and safety systems. In addition, the APAC region is also witnessing significant growth in the healthcare sector, which is driving the demand for EMC components. With the increasing use of electronic medical devices such as MRI machines and pacemakers, there is a growing need for EMC components to ensure the proper functioning of these devices and prevent any interference that could affect patient safety.
Global EMC Component Market By Geography, 2022-2030, 2024-2031
- Largest
- Fastest
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Global EMC Component Market Dynamics
EMC Component Market Drivers
Increasing use of electronics systems and devices in the automotive sector
- The increasing use of electronics systems and devices in the automotive sector is driven by the need for advanced safety features, improved connectivity, and enhanced user experience. With the advent of electric vehicles, there is a growing need for sophisticated battery management systems and charging infrastructure, which relies heavily on electronic components. Additionally, the use of sensors and cameras for advanced driver assistance systems (ADAS) and autonomous driving capabilities is increasing, further driving the need for electronic systems in vehicles. The demand for connected cars, which offer features such as infotainment systems and telematics services, is also contributing to the growth of the electronics market in the automotive sector.
Rapid developments in communication technologies
- Rapid developments in communication technologies refer to the constant evolution and advancement of the technologies used for communication, such as wireless networks, smartphones, and the internet. These developments have led to a growing demand for effective solutions for shielding electromagnetic compatibility (EMC) in order to ensure that electronic devices and systems can function without interference. As communication technologies continue to evolve and become more prevalent in various industries, the market for EMC shielding and testing solutions is expected to grow rapidly. Companies that can provide effective solutions to meet the needs of these industries and comply with the latest regulations and standards are likely to succeed in this market.
EMC Component Market Restraints
Changing policies and directives related to electromagnetic compatibility (EMC) standards
- One restraint of the global EMC Component market is the ever-changing policies and directives related to electromagnetic compatibility (EMC) standards, which can create uncertainty and increase costs for companies operating in this market. Companies must keep up with the latest regulations and standards to remain compliant and competitive, which can be challenging as these regulations and standards are subject to frequent changes. The cost of complying with these regulations and standards can also be significant, particularly for smaller companies that may not have the resources to invest in the latest testing and certification equipment. These factors can limit the growth of the global EMC Component market, particularly for companies that are unable to keep up with the latest regulations and standards.
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Global EMC Component Market Competitive Landscape
The global EMC components market is highly fragmented, with several small and large players operating in the market. The market is characterized by intense competition, with companies competing on the basis of price, quality, and technological innovation. In addition, companies are also focusing on expanding their geographic reach and strengthening their distribution channels to reach a wider customer base. Some of the key strategies adopted by companies in the market include mergers and acquisitions, partnerships and collaborations, and product launches. The competition is expected to intensify further as companies continue to invest in research and development to develop advanced EMC components.
EMC Component Market Top Player’s Company Profiles
- Murata Manufacturing Co., Ltd.
- TDK Corporation
- Laird Technologies, Inc.
- TE Connectivity Ltd.
- Parker Hannifin Corporation
- API Technologies Corp.
- Würth Elektronik GmbH & Co. KG
- Schaffner Holding AG
- AVX Corporation
- KEMET Corporation
- EPCOS AG
- Johanson Dielectrics, Inc.
- Bourns, Inc.
- Vishay Intertechnology, Inc.
- Fair-Rite Products Corp.
- EMI Solutions Pvt. Ltd.
- Pulse Electronics Corporation
- Ferronics, Inc.
- ON Semiconductor Corporation
- NXP Semiconductors N.V.
EMC Component Market Recent Developments
- In January 2022, Murata Manufacturing Co., Ltd. announced its commitment to achieving carbon neutrality by 2050. The company plans to reduce its carbon emissions through various initiatives such as the use of renewable energy and energy-efficient manufacturing processes. This move is in line with the growing focus on sustainability in the global EMC components market.
- In November 2021, the International Electrotechnical Commission (IEC) announced the development of new EMC testing standards for 5G technology. The standards are aimed at ensuring the compatibility and coexistence of 5G technology with other electronic devices and equipment in the shared electromagnetic environment.
- In September 2021, Würth Elektronik Group announced the expansion of its production capacity for EMC components in Germany. The expansion is aimed at meeting the growing demand for EMC components in the automotive, industrial, and telecommunications sectors.
- In November 2021, the International Electrotechnical Commission (IEC) announced the development of new EMC testing standards for 5G technology. The standards are aimed at ensuring the compatibility and coexistence of 5G technology with other electronic devices and equipment in the shared electromagnetic environment.
- In January 2021, TDK Corporation launched a new series of EMC filters for automotive applications. The filters are designed to reduce electromagnetic interference in automotive electronics and improve the reliability of electronic systems in vehicles.
Global EMC Component Key Market Trends
- One market trend in the global EMC Component market is the increasing adoption of electronics systems and devices in the automotive sector. With the growing demand for electric vehicles and advanced driver assistance systems, there is a need for effective solutions for shielding electromagnetic compatibility in order to ensure the reliable and safe operation of these systems. As a result, the automotive sector is expected to be one of the fastest-growing segments of the market for shielding electromagnetic compatibility. Companies that can provide effective solutions to meet the needs of this sector are likely to see significant growth opportunities in the coming years.
Global EMC Component Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global EMC components market analysis, the market is expected to witness significant growth in the coming years, driven by the increasing adoption of electronic devices and appliances, the growing demand from industries such as automotive and healthcare, and the presence of several key players in the market. The market is characterized by intense competition, with companies competing on the basis of price, quality, and technological innovation. The market is also witnessing significant investments in research and development to develop advanced EMC components that offer better performance, efficiency, and reliability. Companies are focusing on expanding their geographic reach and strengthening their distribution channels to reach a wider customer base. Partnerships, collaborations, and acquisitions are also expected to play a key role in the growth of the market. One of the key challenges faced by the market is the increasing complexity of electronic systems and the need for advanced EMC components that can meet the growing demand for better electromagnetic compatibility. In addition, the market is also facing regulatory challenges, with various countries implementing regulations to ensure the safety and reliability of electronic devices and equipment.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.2 billion |
| Market size value in 2031 | USD 1.75 billion |
| Growth Rate | 4.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global EMC Component Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global EMC Component Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global EMC Component Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global EMC Component Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global EMC Component Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global EMC Component Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global EMC Component Market Report Snapshots
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