EMC immunity testing players followed both organic and inorganic growth strategies, says the report
The Indian Electromagnetic Compatibility (EMC) Immunity Testing Market is projected to reach US$102.37 million by 2028, growing at a CAGR of 8.6% from 2021 to 2028, according to a report by ResearchAndMarkets.
It was valued at US$54.01 million in 2021, said the report “India EMC immunity testing market Forecast to 2028 – COVID-19 Impact and Analysis”.
In India EMC Immunity Testing Market, irrespective of the uncertainties that originated from the onset of the COVID-19 pandemic, service providers continued to work for fast adoption of 5G, with more than 160 commercial 5G services already available. 5G subscriptions sometime 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.
According to the assessments of the government and the Department of Telecom, the large-scale network infrastructure required for the introduction of 5G India is still insufficient.
As a result, an accelerated rate of fiberization in the next 6-9 months to connect rural India to the impending 5G services can be expected. According to the National Broadband Mission, over 2 million km of optical fiber would be built across the country by 2024, covering 70% of the towers.
Thus, the growing usage of 5G would drive India EMC immunity testing market.
Due to severe burden of losses over manufacturing companies in response of the COVID-19 pandemic, the investment on new technologies and implementation of the same deferred significantly.
This negatively impacted the EMC immunity testing market growth. Production at original equipment manufacturers was halted due to the pandemic-induced lockdown (OEM).
It also caused a disturbance in the whole value chain of India’s key industries, affecting the production of vehicle replacement parts in micro, small and medium-sized businesses.
According to the Society of Indian Automobile Manufacturers, all vehicle categories experienced negative growth in FY21 (2.24% decline in sales of passenger vehicles, 13.19% fall in sales of two-wheelers, 20.77% fall in sales of commercial vehicles, and 66.06% fall in sales of three-wheelers).
The slowdown of the automotive sector also hindered the growth of upcoming automotive technologies such as electronic vehicles, which negatively impacted the growth of the EMC immunity testing market in the country.
According to several surveys, consumer electronics and industrial & automotive sectors were the most affected industries by the COVID-19 pandemic in India EMC immunity testing market. Because of China’s resilient engineering capability and supply chains that rely primarily on China, Europe, and the US, these areas were severely impacted than other commerce, thereby impacting the supply of raw materials to India EMC immunity testing market.
Electronic manufacturing plants in medical, defense and aerospace sectors, on the other hand, were the least affected. This is due to lower reliance and a better supply-demand ratio. The above-mentioned factors are hindering the growth of the India EMC immunity testing market.
The India EMC immunity testing market players followed both organic and inorganic growth strategies to sustain the competitive edge, said the report on 27 May 2022.
Industry participants are: Ae Techron Inc, Ets Lindgren, Ar Inc, Frankonia Group, Hilo-Test GmbH, Newtons4Th Ltd, Lisun Instruments Ltd, 3C Test Limited, Noise Laboratory Co Ltd, Pfiffner Group, Rohde & Schwarz GmbH & Co, Schloder GmbH, Urs Products and Testing, Transient Specialists and Emc Partner Ag among others. fiinews.com
