The Latin America, Middle East and Africa EMC Shielding and Test Equipment Market would witness market growth of 8.9% CAGR during the forecast period (2023-2030).
The Brazil market dominated the LAMEA 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 $259 million by 2030. The Argentina market is showcasing a CAGR of 9.5% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8.5% during (2023 - 2030).
Integrating multiple electronic components and systems in modern devices and equipment has significantly increased their susceptibility to electromagnetic interference. This susceptibility arises from the proximity of different components and the high-speed operation of modern electronics, which can generate electromagnetic fields that interfere with nearby components. As a result, electronic devices risk malfunctions, data corruption, and even complete failure if not adequately protected against EMI.
The Internet of Things (IoT) has revolutionized how people interact with technology, enabling a vast network of interconnected devices to communicate and share data seamlessly. However, this interconnected ecosystem also brings challenges, particularly regarding electromagnetic interference (EMI). As the number of connected devices in the IoT continues to grow, so does the risk of EMI, which can disrupt the communication and operation of these devices.
Greater utilization of electronic devices and equipment in sectors including automotive, aerospace, and telecommunications has resulted from the rapid industrialization of nations such as South Africa, Brazil, and the United Arab Emirates (UAE). As a consequence, the demand for EMC shielding and testing equipment has increased. The auction of the 5G spectrum in Brazil took place in October 2021, yielding an estimated sum of US$8.5 billion. Nokia and Omdia estimate that the implementation of 5G in Brazil could result in an economic impact of $1.2 trillion and a productivity increase of $3 trillion by 2035. Hence, all these factors will aid in the growth of the market.
Free Valuable Insights: The Worldwide EMC Shielding and Test Equipment Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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