The future of the global economy may be unclear, but there’s at least some “bright light” for those in the EMC testing business.
That’s the key takeaway in a recent report issued by consulting firm Future Market Insights (FMI), titled “EMC Electromagnetic Compatibility Test Laboratory Market Forecast and Outlook 2025 to 2035.” According to FMI’s research and data analysis, the global market for EMC testing is expected to reach $2.9 billion by the year 2035, nearly double the $1.6 billion projected for 2025. That’s a compound annual growth rate (CAGR) of 6.5% per year over the next 10 years.
The report states that growth in EMC testing over the next decade will be driven by several factors. These include the rapid technological evolution of electronic devices and a rising demand in key industries, such as aerospace, telecommunications, and consumer electronics. The authors specifically note the shift to electric and autonomous vehicles in the automotive industry, and that the need for an advanced EMC testing infrastructure to support that transition will also fuel growth.
Finally, the report aligns future growth of the EMC testing infrastructure with increasing regulatory requirements around the globe.
A summary of the FMI report is available at https://www.futuremarketinsights.com/reports/emc-electromagnetic-compatibility-test-laboratory-market.