The Electromagnetic Compatibility Test Equipment Market will register a CAGR of almost 7% by 2022
LONDON, Dec. 19, 2018 /PRNewswire/ -- About this market
Emergence of automotive wireless technologies to trend in the market. Wired and wireless serial communications have been widely implemented in vehicles, and these systems are also contributing to the demand for EMC test equipment. Technavio's analysts have predicted that the electromagnetic compatibility test equipment market will register a CAGR of almost 7% by 2022.
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Market Overview
Augmented production of smartphones
The introduction of smartphones has led to the introduction of new technologies like LTE, 4G and 5G technologies. These evolving network and mobile technologies require test and measurement require equipment such as EMC test equipment to ensure the quality and reliability.
Necessity for price-sensitive and multiple technology solutions
Price-sensitive end-users seek low cost products. Low-cost procurement may lead to the development of poor quality test equipment, which cannot provide the expected result. This affects the brand image.
For the detailed list of factors that will drive and challenge the growth of the electromagnetic compatibility test equipment market during the 2018-2022, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including METEK and Anritsu the competitive environment is quite intense. Factors such as the augmented production of smartphones and the emergence of automotive wireless technologies, will provide considerable growth opportunities to electromagnetic compatibility test equipment manufactures. METEK, Anritsu, AR, Com-Power, Keysight Technologies, and ROHDE&SCHWARZ are some of the major companies covered in this report.
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SOURCE ReportBuyer
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