Asia Pacific EMC Testing Market Growth Opportunities and Forecast by 2028
Asia Pacific EMC Testing Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Offering (Hardware and Software, and Services), Service Type (Testing Services, Inspection Services, Certification Services, and Other Services), and End-Use (Consumer Appliances and Electronics, Automotive, Military and Aerospace, IT and Telecommunications, Medical, Industrial, and Others)
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028- Status : Published
- Report Code : TIPRE00026202
- Category : Technology, Media and Telecommunications
- No. of Pages : 136
- Available Report Formats :
The EMC testing market in APAC is expected to grow from US$ 945.81 million in 2021 to US$ 1,441.05 million by 2028; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028.
Australia, China, India, Japan, and South Korea are major economies in APAC. Battery-powered electric vehicles (BEVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs) are the three primary forms of electric vehicles (EVs). China and Japan are among the most important markets for EVs, with solid sales performance. Electric two-wheelers, three-wheelers, and buses are gaining significant traction owing to rising environmental concerns and government support. Power converters, electric motors, shielded and unshielded cables, wireless chargers, and batteries are the critical typical electric drive system components; all these components are susceptible to EMI and electromagnetic radiation. In recent years, wireless charging has increased in the electric vehicles market. Unlike automobiles powered by internal combustion engines, certain electric vehicles emit more electromagnetic waves when charging than while driving. The power required by the electric drive system is significantly higher than that needed for the electric system as a whole in traditional automobiles. Other characteristics of an electric vehicle, including weight, size, and produced noise, require specialist EMI shielding materials. As a result, the rise of the electric vehicle market is likely to open up significant opportunities for the APAC electromagnetic compatibility (EMC) testing market players in the coming years.Because of many cases in China and India, the APAC region is greatly affected by COVID-19. China is the most important manufacturer and industrial producer because it trades more manufacturing products than any other country globally; it is also a world leader in many types of goods. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has also affected other major economies outside China, such as South Korea, India, Australia, and Japan, and the market is experiencing downward inflation. The sudden closedown of all economic activities, including manufacturing and processing, has highly impacted the market growth in the region. Owing to the severe burden of losses over manufacturing companies, the investment on new technologies and implementation of the same will now be deferred until they resume normal. This is expected to negatively impact The EMC testing market growth. However, the rising technology adoption across the manufacturing sector for inspection and determination of defects in products is influencing its adoption across the countries for better production efficiency. Thus, the mixed effect of the technology across various industries is expected to moderately impact the market growth over the years across the region.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC EMC testing market. The APAC EMC testing market is expected to grow at a promising CAGR during the forecast period.
APAC EMC Testing Market Revenue and Forecast to 2028 (US$ Million)
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
APAC EMC Testing Market Segmentation
APAC EMC Testing Market – By Offering
- Hardware and Software
- Services
APAC EMC Testing Market – By Service Type
- Testing Services
- Inspection Services
- Certification Services
- Other Services
APAC EMC Testing Market – By End-Use
- Consumer Appliances and Electronics
- Automotive
- Military and Aerospace
- IT and Telecommunications
- Medical
- Industrial
- Others
APAC EMC Testing Market, by Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC EMC Testing Market - Companies Mentioned
- AMETEK, Inc.
- Bureau Veritas
- Element Materials Technology
- Eurofins Scientific
- Intertek Group plc
- NTS
- SGS SA
- TÜV SÜ
- UL, LLC
Asia Pacific EMC Testing Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 945.81 Million |
| Market Size by 2022-2028 | US$ 1,441.05 Million |
| CAGR (2021 - 2028) | 6.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Offering
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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