Vertical: ICTBase Year: 2017
Market Size (2017)
$1.63B
Projected (2024)
$2.46B
CAGR (2016–2024)
6.0%
Key Players
10+
According to the International Electrotechnical Vocabulary IEV 161-01-07, Electromagnetic Compatibility (EMC) refers to the ability of a device or system to function adequately in its electromagnetic environment without emitting intolerable electromagnetic disturbances in that environment. It is a discipline that aims at improving the coexistence of equipment/systems which emit electromagnetic interference (EMI) and/or are sensitive to EMI. The various factors attributing to high adoption of EMC shielding and test equipment includes rising complexities in the design of consumer electronic devices and need for high-efficiency test equipment to increase the manufacturing throughput. Furthermore, the growing automotive industry and advancement in cellular infrastructure offer opportunities for the market players.
This study on the global EMC shielding and test equipment market provides detailed information on industry trends and dynamics, market size, competitive landscape, and growth opportunities. This research report segments the global EMC shielding and test equipment market into EMC shielding equipment market and EMC test equipment market. Each of the markets are further segmented by type, application, and region/country.
EMC shielding equipment market, by type, is segmented into coatings & paints, EMI enclosure, EMI gaskets, vents & filters, EMI shielding tapes, and others. The coatings and paint segments account for the largest share of the market owing to its extensive applications while the EMI shielding tapes are expected to register the highest CAGR during the forecast period. By application, the study includes consumer electronics, IT & telecom, automotive & industrial, defense & aerospace, healthcare, and others. The consumer electronics segment dominated the market in terms of market share owing to the rise in demand for smartphones, wearable electronics, and advancement in cellular infrastructure among others.
EMC test equipment market, by type is segmented into signal & impulse generators, amplifiers, spectrum analyzers, EMI test receiver, and others. By application, the study includes third-party laboratories, in-house laboratories, and government laboratories. During the forecast, the market is estimated to witness slight drift in the market share of in-house facilities to end-users who specialize in providing third-party EMC test services owing to the high cost affiliated with the electromagnetic compatibility (EMC) shielding and test equipment.
The regions considered in this study include North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is the most significant contributor to the market, and it is expected to grow with the fastest CAGR during the review period of 2018–2023. The growth in this region for the said market is due to the growth of auto-electronics and advancement in telecom infrastructure.
The EMC shielding and test equipment market is highly competitive with the presence of many vendors that offer feature-rich and innovative EMC solutions to their customers. The major vendors profiled in this study are Laird PLC. (UK), Chomerics (US), Leader Tech, Inc. (US), Kitagawa Industries Co., Ltd. (Japan), Rohde & Schwarz GMBH & CO. KG (Germany), Keysight Technologies, Inc. (U.S.), Kemtron Limited (U.K.), HV Technologies, Inc. (US), 3M Company (US), and ETS-Lindgren Inc. (US).
Several market players are adopting organic and inorganic growth strategies, such as product enhancement, product launch, partnerships, agreements, and collaborations to improve their position and excel in the global EMC shielding and test equipment market. In 2018, Parker Hannifin Corporation expanded its integrated assembly services for polymer-based EMI shielding solutions, thermal interface materials, and shielded optical display solutions.
Furthermore, the equipment providers are adopting product launches as a pivotal strategy to increase their offerings in the global EMC shielding and test equipment market. For instance, in October 2018, Keysight Technologies, Inc. launched a new product Keysight N9048B PXE Electromagnetic Interference (EMI) receiver that enables high sensitivity measurements and diagnostics for faster electromagnetic compliance testing.
The EMC Shielding and Test Equipment Market market is projected to grow at a CAGR of 6.0% from 2016 to 2024.
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View Subscription PlansElectromagnetic interference shielding, also known as radiation shielding, is developed to protect valuable devices and equipment from electromagnetic and radio frequency interference. The electromagnetic interference most commonly occurs in the 104 to 1012 Hz frequency range of the electromagnetic spectrum. EMC/EMI shielding creates layer around the components, preventing them from external magnetic interferences. The EMC/EMI shielding is used in consumer electronics, IT & telecommunication, aerospace & defense, healthcare, and automotive sectors. The electromagnetic compatibility testing is divided into emission testing and immunity testing. Emission testing. Emission testing involves radiation testing and conducted emission testing.
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View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2017
Historical Period
2016 – 2016
Forecast Period
2018 – 2024
Primary Interviews
150+
Historical data (2016–2017) and forecast period (2017–2024)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansThe global EMC shielding and test equipment market consists of various global and local manufacturers that are continuously developing new technologies based on EMC shielding and test equipment to expand globally and enhance their market positions. The manufacturers compete based on cost, new product launches, and technologies in the EMC shielding and test equipment market. EMC shielding is used in various applications such as consumer electronics, IT, and telecommunication. Moreover, the increasing complexities in designs of consumer electronic devices are driving the market of EMC shielding and test equipment due to the high demand for systems on chips in smartphones.
The companies are primarily focusing on product developments and product launches. Various key players in the market such as 3M Company, Laird Plc, Keysight technologies Inc., Rohde & Schwarz GmbH & Co. KG and others are developing EMC shielding and test equipment based on the application requirements Electrolube Ltd. a division of HK Wentworth Ltd. launched new Form-in-Place EMI shielding materials (FIP200 and FIP210) in May 2018. These EMI shielding materials are designed to provide superior protection of electrical devices from electromagnetic interference in harsh environments. The improvement of the global economic scenario combined with technological advancements in emerging economies such as India, South Africa, China, Brazil, Argentina, and others are likely to fuel market growth, making it an ideal time for the EMC shielding and test equipment market to expand geographically and increase the global market share.
3M Company is a US-based company that develops consumer, industrial, and safety products. In 2017, the company invested around USD 1.70 billion in research and development with a focus of covering basic scientific research and the application of scientific advances in the development of new and improved products and their uses. The company is also developing test and process technologies, that enable product innovation and improves the performance of existing products. Few EMC shielding and test equipment products that the company manufactures are RFID materials, conductive adhesive transfer tapes, EMI absorbers, and others.
Laird Plc is a UK-based company that develops, designs, and markets components and solutions for protecting and connecting electronics. In 2017, the company invested around USD 31.5 million in research and development for developing and enhancing current products. The company focuses on three segments, namely, performance materials, connected vehicle solutions, and wireless and thermal systems. Some of the EMC shielding and test equipment products that the company deals in are Ferrite Toroids, Ferrite beads on wire, Common mode chokes, and Ferrite cable cores.
Keysight Technologies Inc. is an American company that offers electronic design and test solutions for communication and electronic industries. The company operates under four segments, namely, Ixia Solutions Group, Communications Solutions Group, Electronic Industrial Solutions Group, and Services Solutions Group. In 2017, the company invested USD 498 million in research and development to support new product introductions and complete customer solutions aligned to the industry.
Conclusively, to increase their stability in the market, key players are required to increase investments in research and development to enhance the performance of existing products and leverage innovation in the technology to meet the application demand
Threat of New Entrant
The new entry in this market can take place through various ways. The companies who are in business of manufacturing components for the EMC shielding and test equipment have greater advantage to enter in the market as they are directly associated with the manufacturing of the final product. Technology providers can also act as the new entrants in the market. Apart from this, mergers and acquisitions and product diversification by other companies could also introduce some new players in the market. Chips which are integrated with the final product need to be manufactured in a sterile environment to prevent contamination of the final product. This requires technical expertise which is available only to the current players. Also, the initial capital investment is high which is restraining the players to enter in this segment. Hence, from the view point of end-to-end manufacturers, the threat of new entrants is estimated to be moderate.
Bargaining Power of Supplier
The current market condition indicates that the supplier bargaining power for the test equipment market is high. Suppliers include the manufacturers of various electronic components. As the original manufacturers import their products from other companies or other geography, they must accept the terms and conditions offered by the suppliers. Also, due to the refined technology required for the manufacturing, the number of players in the final manufacturing is limited. The existing players dominate the market as they already own a strong supply chain. Considering all the aforesaid facts, the suppliers’ power from the view point of manufacturers, is rated to be as moderate.
Bargaining Power of Buyers
Buyers power in this market is anticipated as high. This industry involves numerous small/medium scale manufactures with established players. Where the small manufacturer plays the role of component supplier, big players are directly associated with the deployment of final product. From the view point of an end-user in the manufacturing sector, it has various options and hold the liberty to choose between the manufacturers of shielding and test equipment. The only factor affecting the buying decision is the brand value of the product and the technologies deployed in the product. As the players are upgrading their products continuously, it can also affect the decision of buyers. Due to the aforesaid reasons, the buyers’ power to bargain is expected to be high from end-user view point.
Threat of Substitute
Threat of substitutes is moderate. Test equipment is a complete technology product and consists of various components directly associated with various technologies. The pricing of the component and availability is becoming easier nowadays resulting more attention towards the development of test equipment.
Intensity of Rivalry
The testing process incurs high cost and requires precision with the help of computers and sensors. The daily manufacturing capacity of the plants has been increased with less errors in the final product. However, instead of deploying third-party system in the organization, many companies are deploying their own customized test equipment in their R&D facilities. Thus, considering the overall factors to the market, the intensity of rivalry would be rated as low from the view point of manufacturers.
Market estimates by geography (2024)
InsightAsia Pacific leads with $903.49M by 2024.
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View Subscription Plans| REGION | 2016 | 2017 | 2024 | CAGR | SHARE |
|---|---|---|---|---|---|
| Asia Pacific | $538.46M | $690.26M | $903.49M | 6.7% | 37% |
| Rest of the World | $150.47M | $178.32M | $214.45M | 4.5% | 9% |
| Europe | $400.18M | $494.22M | $623.21M | 5.7% | 25% |
| North America | $454.20M | $564.09M | $715.32M | 5.8% | 29% |
| Total | $1.54B | $1.93B | $2.46B | 6.0% | 100% |
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Analytical insights on EMC Shielding and Test Equipment Market covering market dynamics, competitive landscape, and strategic outlook.
The EMC Shielding and Test Equipment Market market is projected to reach $2.46B by 2024, growing at 6.0% CAGR.
Introduction of advanced, sophisticated, and improved consumer electronics technology has provided the manufacturers with a highly reliable growth in the test equipment industry. The consumer electronics is a wide vertical that majorly includes electronic devices for home and office automation. Moreover, increasing demand by end-users owing to emerging trends in technology in electronic devices for personal and official use is helping the market to grow globally. EMC shielding, and test equipment market is driven by the increasing adoption of SoC (system in chip) in consumer electronics.
Energy efficient integrated circuits are considered a huge revolution in the testing industry. The communications test and measurement is highly dependent on the growth of both wireless and wireline telecom industry. There are various opportunities for companies to adopt new technology to increase the energy efficiency and accuracy of integrated circuits. With the increase in subscriber base, operators moving towards LTE, LTE-A etc and R&D investments in the ongoing LTE and LTE-advanced technologies have fuelled the growth of the industry. The communications test and measurement products help chipset and handset providers, network operators, equipment manufacturers, and broadband service providers to deliver high-quality triple-play services: voice, video, and data over mobile and fixed networks. By using such technology, chip manufacturers are expected to get high throughput and flexibility.
The semiconductor industry is facing economic challenges that are attributed to two factors — the rising costs in R&D and high capital investment due to the increasing costs of upgradation. In response to the rising costs, many semiconductor companies are outsourcing their manufacturing process to dedicated foundries. Moreover, any technically superior equipment that has high cost of manufacturing is expected to enjoy success in niche markets that require enhanced performance. In order to completely replace any technology, a product needs both high performance and low cost. High cost of assembly and material acquisition in shielding due to lack of expertise are affecting the market growth.
The high pricing associated with the EMC shielding and test equipment is expected to impact the purchasing power of small manufacturers to certain extent. As small manufacturers in the semiconductor industry are emerging rapidly, they are holding almost a quarter of the semiconductor market.
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Profiles of 105 companies operating in the EMC Shielding and Test Equipment Market market, including revenue, employee count, and market positioning where available.
Showing 105 of 105 companies
Company Headquarters: Germany Founded:1933 Workforce: ~11,500 Company Working: Rohde & Schwarz GmbH & Co. KG designs, manufactures, and distributes information & communication technology and security technology products for professional users. The company provides product under various categories such as broadcast and media, cybersecurity, test and measurement, secure communications and monitoring and network testing. The company’s test and measurement product portfolio provide oscilloscopes, wireless communications testers and systems, and signal and spectrum analyzers. Similarly, the company’s aerospace and defense security segment offers air traffic control (ATC/AD), airborne communications, tactical communications, naval communications, radar test, avionics and navigation, electronic warfare test, and AV testing solutions. The products offered by the company find applications in external security and frequency management. The company operates across North America, Asia-Pacific, Europe, and Africa & the Middle East.
Company Headquarters: UK Founded: 1824 Workforce: ~10,130 Company Working: Laird PLC is a UK-based company that that develops, designs, and markets components and solutions for protecting and connecting electronics. The company operates through three segments — performance materials, connected vehicle solutions, and wireless & thermal systems. The performance materials segment designs and provides electromagnetic interference shielding materials, thermal materials, precision metals, and magnetic and ceramic products. The connected vehicle solutions segment manufactures, design, and sells various products in the vehicle connectivity market. The wireless and thermal systems segment covers products that enable connectivity in various markets including industrial control systems, antennae, and active engineered thermal management systems. The products offered by the company include EMC components, EMI shields & gaskets, inductors, precision metals, thermal interface materials, RF/microwave absorbers & dielectrics and wireless chargers. The company operates globally.
Company Headquarters: Woburn, US Founded: 1917 Workforce: ~55,000 Company Working: Chomerics is a global leader in the application and development of electrically conductive and thermal interface materials. It is a division of Parker Hannifin Corp, which is a world leader in ‘Motion and Control’ technologies. It operates through three segments, namely EMI shielding, thermal interface materials, and LCD display protection and enhancement. Under the EMI shielding segment, it manufactures an extensive selection of EMI gaskets and air ventilation panels, among others. It is a total solutions provider of EMI shielding, thermal management, integrated display products, engineered plastics, and metal-based assemblies.
Company Headquarters: UK Founded: 1980 Workforce: ~20 Company Working: Kemtron Ltd. Is a UK-based company that designs and manufactures EMI shielding solutions environmental sealing solutions and design tools. Moreover, the company offers products such as oriented wires in silicone, woven and expanded wire in elastomers, knitted wire mesh, conductive fabric over foam gaskets, beryllium copper finger stock, conductive foam, ferrites for EMI suppression and others. The company operates across more than 35 countries globally through a strong distribution network.
Company Headquarter: US Founded: 1995 Workforce: ~91,536 Company Overview: ETS-Lindgren Inc. is a US-based company that design, manufacture, and sells products and solution for detecting, measuring, and managing electromagnetic, magnetic, and acoustic energy. The company offers several products including absorbers, antenna, amplifiers, chamber, filters, RF test sets and others. Further, the company also offers acoustics, calibration, CTIA-authorized test lab components, engineering and consulting, maintenance and upgrades, surveying, and shielding services. The company is a subsidiary of ESCO Technologies Inc.
Intuit is the world's largest pure-play financial-technology software platform serving consumers, small and mid-market businesses, and accounting professionals, with approximately 93 million customers and $21.4 billion of fiscal 2026 revenue. Its economic engine rests on four category-leading franchises — QuickBooks in small-business accounting, TurboTax in US consumer do-it-yourself tax, Credit Karma in consumer credit marketplaces, and Mailchimp in SMB marketing automation — knitted together by a proprietary data asset and an AI orchestration layer branded GenOS. Roughly 88% of revenue is now recurring service revenue, structurally high-margin and price-inelastic in the small-business tier. Intuit's strategic wager, declared in 2019 and re-underwritten in fiscal 2026 through multi-year agreements with OpenAI and Anthropic, is that a "system of intelligence" combining proprietary financial data, domain-specific AI agents and a network of human experts will defend its franchises against general-purpose AI. Fiscal 2026 exposed the first serious cracks in that thesis: TurboTax unit share eroded, growth guidance was cut, and 17% of the workforce was eliminated. --- ### What the company does Intuit sells software, software-enabled services and financial services to three customer constituencies: individual consumers, small and mid-market businesses (SMBs), and professional accountants. In its own words in the fiscal 2026 Form 10-K, Intuit describes itself as "a global financial technology platform with a mission to power prosperity around the world," serving approximately 93 million customers, and states that its strategy "is to be an AI-driven expert platform that brings together data, AI, and human tax and financial experts into a single system of intelligence that does the work for customers." The company frames its product ambition as delivering "done-for-you experiences by automating everyday tasks, managing complex workflows and processes, and solving challenges before they arise with predictive insights," with human experts engaged "for that last mile of decisions." The independent characterisation is more specific. Intuit operates four distinct economic engines that share a customer-acquisition funnel and a data spine but differ materially in monetisation logic: 1. **A subscription software business (QuickBooks).** Recurring per-seat and per-tier SaaS subscriptions with a legacy desktop annuity in structural decline as a unit count but growing as revenue on price. This is the highest-quality earnings stream in the portfolio: ~78% segment operating margin on the Q1 FY2026 recast basis, high gross retention, and a decade-long record of double-digit effective price increases absorbed without churn. 2. **A seasonal transaction business (TurboTax and ProTax).** Revenue is concentrated in the November–April window, with the fiscal third quarter (ending 30 April) generating the overwhelming majority of consumer tax revenue and operating income. Monetisation is per-return, increasingly weighted toward the assisted tier (TurboTax Live, now 53% of TurboTax revenue). 3. **A financial-services take-rate business (payments, payroll, capital, money).** Intuit earns spread and interchange-like economics on payment volume, per-employee payroll fees, and net interest and fee income on QuickBooks Capital and consumer refund-advance lending. Notes receivable held for investment stood at $1,468 million at 31 July 2026, with $6,755 million of originations during fiscal 2026. 4. **A lead-generation and advertising marketplace (Credit Karma).** Revenue is derived almost entirely from cost-per-action, cost-per-click and cost-per-lead payments from lenders, card issuers and insurers. This business is levered to credit-cycle appetite among partners and is the most macro-sensitive line in the portfolio. ### Revenue model and mix Intuit states in each Form 10-K that it expects total service revenue as a percentage of total revenue to grow over the long term. The FY2024 transition of QuickBooks Desktop to a full recurring-subscription model removed the last significant perpetual-licence component; residual "product and other" revenue now consists principally of desktop tax software (Lacerte, ProSeries, ProFile, TurboTax Desktop) and financial supplies. ### Value-chain position and customer types Intuit occupies the system-of-record and system-of-engagement layer for the SMB, and the transaction layer for the consumer. It does not manufacture hardware, does not hold a banking licence (checking and savings products are provided through FDIC-member bank partners), and does not itself underwrite insurance. It does originate credit on balance sheet through QuickBooks Capital via an originating bank partner, and it warehouses and sells consumer and business receivables — a genuine balance-sheet risk that distinguishes it from a pure software peer. Customer types: solopreneurs and micro-businesses (QuickBooks Free/Lite/Solopreneur); small businesses (Simple Start, Essentials, Plus); mid-market businesses (QuickBooks Online Advanced, Intuit Enterprise Suite); accounting firms (QuickBooks Online Accountant, ProAdvisor, Lacerte, ProSeries, ProConnect, Intuit Accountant Suite); individual consumers (TurboTax, Credit Karma); and financial-institution partners who pay Credit Karma for qualified leads and completed actions. End-markets served: SMB accounting and ERP software; payroll and human capital management; merchant acquiring and payments; small-business lending; email and SMS marketing automation; consumer tax preparation; professional tax preparation; consumer credit marketplaces; consumer deposit and money movement.
5 interactive charts drawn from the EMC Shielding and Test Equipment Market dataset — market size, regional splits and each segment breakdown. Open one to read its full data table and download it.
Global EMC Shielding and Test Equipment Market By Region
Global EMC Shielding and Test Equipment Market United States, Canada and Mexico Of North America By Country
Global EMC Shielding and Test Equipment Market Germany, France, United Kingdom and Rest Of Europe By Country
Global EMC Shielding and Test Equipment Market Middle East And Africa and South America Of Rest Of The World By Region
Global EMC Shielding and Test Equipment Market China, Japan and Rest Of Asia Pacific By Country
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I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Group Product Manager HVAC & Fire Protection GMA, Rockwool
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Historical performance and future projections (2020–2030, USD Billion)
Market Size (USD Mn)
