Report : Europe 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)
Testing Services Segment to Dominate Europe EMC Testing Market during 2020–2028
According to a new market research study on “Europe EMC Testing Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Offering, Service Type, and End- Use” is expected to reach US$ 646.47 million by 2028 from 461.26 US$ million in 2021. The market is estimated to grow at a CAGR of 4.9% from 2021 to 2028. The report provides trends prevailing in the Europe EMC testing market along with the drivers and restraints pertaining to the market growth. Consumer electronics witnessing high demand is the major factor driving the growth of the Europe EMC testing market. However, issues associated with expensive test equipment hinders the growth of Europe EMC testing market.
Europe EMC testing market is segmented into offering, service type, end-use, and country. Based on offering, Europe EMC testing market is segmented into hardware and software and services. The hardware and software segment held the largest market share of the Europe EMC testing market in 2020. Based on service type, the Europe EMC testing market is segmented into testing services, inspection services, certification services, and other services. Testing services segment held the largest market share in 2020. Further, on the basis of end-use, the Europe EMC testing market is segmented into consumer appliances and electronics, automotive, military and aerospace, IT and telecommunications, military & aerospace, industrial, and others. Consumer appliances and electronics segment held the largest market share in 2020. Based on country, the Europe EMC testing market is segmented into Germany, France, Italy, Russia, UK, and Rest of Europe. Germany held the largest market share in 2020.
The effect of COVID-19 varied from country to country throughout the European region as selected countries observed a rise in the number of reported cases and subsequently attracted strict and longer lockdown periods or social isolation. However, due to the strong healthcare system, Western European countries such as Germany, France, Russia, and the UK have seen a comparatively modest decrease in their development activities. In order to protect their population from the virus, European governments have made large investments in the implementation of technology in healthcare systems for better detection of symptoms of the virus. EMC testing in the region is being adopted across the manufacturing industry to efficiently detect and treat problems in production, leaving a positive impact on the market. However, due to the temporary closure of all economic activities in the region, the adoption of technologies has experienced a dip across all other major industries such as manufacturing, aerospace, and electronics. This is further expected to restrain the market growth over the years. Thus, the outbreak of the virus is expected to have a moderate to low impact on the EMC testing market in the region.
AMETEK, Inc.; Bureau Veritas; Element Materials Technology; Eurofins Scientific; Intertek Group plc; NTS; Rohde & Schwarz; SGS SA; TÜV SÜ; and UL, LLC are among the leading companies in the Europe EMC testing market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, UL Officially Opens Expanded EMC and Wireless Laboratory in Italy.
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