At 4.7% CAGR, North America EMC Testing Market is Projected to be worth US$ 910.62 million by 2030, says Business Market Insights

According to Business Market Insights' research, the North America EMC testing market was valued at US$ 632.77 million in 2022 and is expected to reach US$ 910.62 million by 2030, registering a CAGR of 4.7% from 2022 to 2030. Advancements in 5G infrastructure and growing demand for electric vehicles are among the critical factors attributed to the North America EMC testing market expansion.

Irrespective of the uncertainties that originated from the onset of COVID-19, service providers continue to work for fast adoption of 5G, with more than 160 commercial 5G services already available. 5G subscriptions sometimes include larger buckets or even limitless data, in addition to much faster speeds. Significant engineering efforts are required on test specifications, instruments, and firmware before 5G user devices can deliver on the efficiency of the new technology. One of the areas that needs to be addressed for 5G adoption is electromagnetic compatibility (EMC) testing. The need for gadgets supporting 5G is rapidly increasing, and there is a large market for testing for 5G gadgets. The evolution of industry standards for testing equipment is a time-consuming process, and test procedures can be applied to any device with little modifications. Two new technologies in the future wave of 5G gadgets will pose a challenge to current methods of testing 5G gadgets. The first challenge is that 5G equipment can use two widely separated frequency ranges, which will necessitate far more adaption than an emissions limit line extension. Second, 5G devices will use improved antenna systems to use both transmission bands, which will necessitate significant changes to current test procedures. Thus, the new standards required for 5G testing will encourage the growth of the electromagnetic compatibility (EMC) testing market in the coming years.

On the contrary, high cost of test equipment hurdles the growth of North America EMC testing market.

Based on offering, the North America EMC testing market is bifurcated into hardware & software and services. The hardware & software segment held 64.5% market share in 2022, amassing US$ 408.02 million. It is projected to garner US$ 552.01 million by 2030 to expand at 3.9% CAGR during 2022-2030.

In terms of service type, the North America EMC testing market is categorized testing services, inspection services, certification services, and others. The testing services segment held 56.8% share of North America EMC testing market in 2022, amassing US$ 127.61 million. It is projected to garner US$ 193.17 million by 2030 to expand at 5.3% CAGR during 2022-2030.

By end use, the North America EMC testing market is segmented into consumer appliances & electronics, automotive, IT & telecommunications, medical, industrial, military & aerospace, and others. The consumer appliances & electronics segment held 24.9% share of North America EMC testing market in 2022, amassing US$ 157.80 million. It is projected to garner US$ 204.65 million by 2030 to expand at 3.3% CAGR during 2022-2030.

By country, the North America EMC testing market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 60.9% share of North America EMC testing market in 2022. It was assessed at US$ 385.12 million in 2022 and is likely to hit US$ 532.47 million by 2030, exhibiting a CAGR of 4.1% during 2022-2030.

Key players operating in the North America EMC testing market are Ametek Inc, Element Material Technology Group Ltd, Bureau Veritas SA, Eurofins Scientific SE, Intertek Group PLC, TUV Nord Group, Rohde & Schwarz Gmbh & Co KG, SGS SA, TUV SUD AG, and UL LLC, among others.

• In August 2023, Element Materials Technology committed US$8 million to expand in the Cincinnati region, with the addition of a new functional support center at The Landings in Blue Ash, Ohio. The investment will create 65 new jobs in the area.

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