The Asia Pacific EMC Shielding and Test Equipment Market would witness market growth of 6.5% CAGR during the forecast period (2023-2030).
The China market dominated the Asia Pacific EMC Shielding and Test Equipment Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,181.2 million by 2030. The Japan market is registering a CAGR of 5.8% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.2% during (2023 - 2030).
Electric vehicles (EVs) are propelled by battery-stored electricity and heavily depend on electronic components. These components include the battery management system, motor controller, power electronics, sensors, and communication systems. To ensure the reliability and safety of EVs, these electronic components must be protected from electromagnetic interference, which can disrupt their operation and lead to malfunctions or failures. As the demand for EVs continues to grow, driven by regulatory incentives and consumer preferences, the importance of the equipment will only increase.
Similarly, electronic systems play a vital role in aircraft operation in the aerospace industry, from navigation and communication systems to in-flight entertainment. Additionally, demand for EMC solutions in the consumer electronics sector is propelled by the functionality and increasing complexity of electronic devices such as smart home devices, smartphones, and tablets. To guarantee their secure and dependable operation, these devices must adhere to rigorous electromagnetic compatibility standards, thereby preventing any interference with other devices.
The growing demand for consumer electronics in India also increases the variety and complexity of electronic devices. As per the National Investment Promotion & Facilitation Agency, India’s electronics export is expected to reach $120 Bn by FY26. Furthermore, from April to November 2023, electronic goods exports were recorded at $17.74 Bn compared to $14.36 Bn from April to November 2022, registering a growth of 23.56%. Additionally, According to the State Council of the People’s Republic of China, China’s auto sales expanded 13.5 percent yearly to nearly 1.98 million units in February (2023). In February alone, sales of passenger vehicles went up 10.9 percent to over 1.65 million units. Therefore, the growing demand for consumer electronics and the booming automotive industry in the Asia Pacific is expected to drive the demand for EMC shielding and test equipment in the region.
Free Valuable Insights: The Global EMC Shielding and Test Equipment Market is Predict to reach USD 11.9 Billion by 2030, at a CAGR of 6.1%
Based on Type, the market is segmented into EMC Shielding (Radiation, Conduction), and Test Equipment (Spectrum Analyzers, EMI Receivers, Transient Generators, EMC Test Chambers, Signal Generators, Amplifiers, Others). Based on EMC Shielding Material Type, the market is segmented into Conductive Polymers, Conductive Coatings & Paints, Metal Shielding, EMC Shielding Tapes & Laminates, and Others. Based on End-user Industry, the market is segmented into Consumer Electronics, Telecommunications, Automotive, Healthcare, Aerospace, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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