South & Central America EMC Testing Market Forecast to 2030 - Regional Analysis - by Offering (Hardware & Software and Services), Service Type (Testing Services, Inspection Services, Certification Services, and others), and End use (Consumer Appliances and Electronics, Automotive, Military and Aerospace, IT and Telecommunications, Medical, Industrial, and Others)
The South & Central America EMC testing market was valued at US$ 81.98 million in 2022 and is expected to reach US$ 132.30 million by 2030; it is estimated to grow at a CAGR of 6.2% from 2022 to 2030.
Growing Demand for Electric Vehicles Bolsters South & Central America EMC Testing Market
Battery-powered electric vehicles (BEVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs) are the three primary forms of electric vehicles (EVs). Electric two-wheelers, three-wheelers, and buses are gaining significant traction owing to rising environmental concerns and government support. Power converters, shielded and unshielded cables, electric motors, wireless chargers, and batteries are the key typical electric drive system components. All these components are susceptible to EMI and electromagnetic radiation. In recent years, the popularity of wireless charging has increased in the electric vehicles market. Unlike automobiles powered by internal combustion engines, certain electric vehicles emit more electromagnetic waves when charging than when driving. The power required by the electric drive system is significantly higher than that required by the entire electric system in traditional automobiles. Other characteristics of an electric vehicle, including weight, size, and produced noise, need the use of specialist EMI shielding materials. As a result, the rise of the electric vehicle market is likely to open up significant opportunities for the South & Central America electromagnetic compatibility (EMC) testing market players in the coming years.
South & Central America EMC Testing Market Overview
The growth of the South & Central America EMC testing market is driven by the increasing demand for comprehensive embedded systems. The region is characterized by a mixed growth scenario, with many countries having complex political and macroeconomic environments. Governments are striving to bring developments in various industries at a sustainable pace, thereby allowing economies to thrive. At present, several countries in SAM lack the infrastructure and resources required for establishing manufacturing units. With the slow but continuous recovery of the Brazilian market, the overall passenger car industry is also flourishing gradually, and it accounts for a substantial market share in terms of production, sales, and exports. Low interest rates on vehicle loans are encouraging the sales of passenger cars. A resultant rise in the production of the automotive sector across the region is expected to influence the market growth in the region. Many automotive players are significantly investing in the market in Brazil to attract customer. For instance, according to Volkswagen AG data from April 2023, the South America automotive market is projected to grow at rate of 11% by the end of 2030. The growth in the automotive industry in South America has encouraged the company to invest 40% of its capital in Brazil to launch 15 new electric and flex-fuel vehicle models by 2025. Moreover, the company also plans to invest US$ 1.05 billion by 2026 in the South America automotive market, which will increase the demand for EMC testing. EMC testing helps automotive manufacturers identify and address potential issues of the vehicle to limit unexpected electronic system failures and allows the smooth running of vehicles without compromising the safety of drivers and passengers, which is driving the market.
Brazil has a huge electronics manufacturing industry with the presence of manufacturing plants of a few of the largest electronics companies. The country imposes high taxes on imported products such as computers, telecommunications equipment, and appliances. However, foreign electronics that are manufactured in Brazil are levied with lower tax burdens. The country is witnessing a high demand for electronic products due to the rising middle-class population, which increases the adoption of EMC testing among electronic manufacturers. However, countries in South America are attracting huge FDIs in the manufacturing sector with the availability of cheap labor, low entry barriers, and low interest rates. A few of these countries have relaxed FDI regulations. For example, Argentina is attracting high FDIs by easing import restrictions and signing international bilateral agreements; it is also bringing relaxations in restrictions on foreign investments for the same purpose. Thus, a continuously growing manufacturing sector across the countries in South America is magnifying the demand for EMC testing across the region.
South & Central America EMC Testing Market Revenue and Forecast to 2030 (US$ Million)
South & Central America EMC Testing Market Segmentation
The South & Central America EMC testing market is segmented based on offering, service type, end use, and country. Based on offering, the South & Central America EMC testing market is bifurcated into hardware & software and services. The hardware & software segment held a larger market share in 2022.
In terms of service type, the South & Central America EMC testing market is segmented into testing services, inspection services, certification services, and others. The testing services held the largest market share in 2022.
By end use, the South & Central America EMC testing market is segmented into consumer appliances and electronics, automotive, military and aerospace, IT and telecommunications, medical, Industrial, and others. The consumer appliances and electronics held the largest market share in 2022.
Based on country, the South & Central America EMC testing market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America EMC testing market share in 2022.
Ametek Inc, Eurofins scientific SE, Intertek group PLC, SGS SA, TUV SUD AG, and UL LLC are some of the leading companies operating in the South & Central America EMC testing market.
Growing Demand for Electric Vehicles Bolsters South & Central America EMC Testing Market
Battery-powered electric vehicles (BEVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs) are the three primary forms of electric vehicles (EVs). Electric two-wheelers, three-wheelers, and buses are gaining significant traction owing to rising environmental concerns and government support. Power converters, shielded and unshielded cables, electric motors, wireless chargers, and batteries are the key typical electric drive system components. All these components are susceptible to EMI and electromagnetic radiation. In recent years, the popularity of wireless charging has increased in the electric vehicles market. Unlike automobiles powered by internal combustion engines, certain electric vehicles emit more electromagnetic waves when charging than when driving. The power required by the electric drive system is significantly higher than that required by the entire electric system in traditional automobiles. Other characteristics of an electric vehicle, including weight, size, and produced noise, need the use of specialist EMI shielding materials. As a result, the rise of the electric vehicle market is likely to open up significant opportunities for the South & Central America electromagnetic compatibility (EMC) testing market players in the coming years.
South & Central America EMC Testing Market Overview
The growth of the South & Central America EMC testing market is driven by the increasing demand for comprehensive embedded systems. The region is characterized by a mixed growth scenario, with many countries having complex political and macroeconomic environments. Governments are striving to bring developments in various industries at a sustainable pace, thereby allowing economies to thrive. At present, several countries in SAM lack the infrastructure and resources required for establishing manufacturing units. With the slow but continuous recovery of the Brazilian market, the overall passenger car industry is also flourishing gradually, and it accounts for a substantial market share in terms of production, sales, and exports. Low interest rates on vehicle loans are encouraging the sales of passenger cars. A resultant rise in the production of the automotive sector across the region is expected to influence the market growth in the region. Many automotive players are significantly investing in the market in Brazil to attract customer. For instance, according to Volkswagen AG data from April 2023, the South America automotive market is projected to grow at rate of 11% by the end of 2030. The growth in the automotive industry in South America has encouraged the company to invest 40% of its capital in Brazil to launch 15 new electric and flex-fuel vehicle models by 2025. Moreover, the company also plans to invest US$ 1.05 billion by 2026 in the South America automotive market, which will increase the demand for EMC testing. EMC testing helps automotive manufacturers identify and address potential issues of the vehicle to limit unexpected electronic system failures and allows the smooth running of vehicles without compromising the safety of drivers and passengers, which is driving the market.
Brazil has a huge electronics manufacturing industry with the presence of manufacturing plants of a few of the largest electronics companies. The country imposes high taxes on imported products such as computers, telecommunications equipment, and appliances. However, foreign electronics that are manufactured in Brazil are levied with lower tax burdens. The country is witnessing a high demand for electronic products due to the rising middle-class population, which increases the adoption of EMC testing among electronic manufacturers. However, countries in South America are attracting huge FDIs in the manufacturing sector with the availability of cheap labor, low entry barriers, and low interest rates. A few of these countries have relaxed FDI regulations. For example, Argentina is attracting high FDIs by easing import restrictions and signing international bilateral agreements; it is also bringing relaxations in restrictions on foreign investments for the same purpose. Thus, a continuously growing manufacturing sector across the countries in South America is magnifying the demand for EMC testing across the region.
South & Central America EMC Testing Market Revenue and Forecast to 2030 (US$ Million)
South & Central America EMC Testing Market Segmentation
The South & Central America EMC testing market is segmented based on offering, service type, end use, and country. Based on offering, the South & Central America EMC testing market is bifurcated into hardware & software and services. The hardware & software segment held a larger market share in 2022.
In terms of service type, the South & Central America EMC testing market is segmented into testing services, inspection services, certification services, and others. The testing services held the largest market share in 2022.
By end use, the South & Central America EMC testing market is segmented into consumer appliances and electronics, automotive, military and aerospace, IT and telecommunications, medical, Industrial, and others. The consumer appliances and electronics held the largest market share in 2022.
Based on country, the South & Central America EMC testing market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America EMC testing market share in 2022.
Ametek Inc, Eurofins scientific SE, Intertek group PLC, SGS SA, TUV SUD AG, and UL LLC are some of the leading companies operating in the South & Central America EMC testing market.
1. INTRODUCTION
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SOUTH & CENTRAL AMERICA EMC TESTING MARKET LANDSCAPE
4.1 Overview
4.2 Ecosystem Analysis
4.3 EMC Testing Standards
5. SOUTH & CENTRAL AMERICA EMC TESTING MARKET - KEY INDUSTRY DYNAMICS
5.1 Drivers
5.1.1 Surging Demand for Certification Services
5.1.2 Increasing Deployment of EMC in Consumer Electronics
5.1.3 Stringent Regulations Imposed by Governments
5.2 Restraints
5.2.1 High Cost of Test Equipment
5.2.2 Lack of Awareness and Expertise
5.3 Opportunity
5.3.1 Growing Demand for Electric Vehicles
5.3.2 Increasing Adoption of wireless technologies
5.4 Future Trend
5.4.1 Advancements in 5G Infrastructure
5.5 Impact of Drivers and Restraints:
6. EMC TESTING MARKET - SOUTH & CENTRAL AMERICA EMC MARKET ANALYSIS
6.1 EMC Testing Market Revenue (US$ Million), 2022 - 2030
7. SOUTH & CENTRAL AMERICA EMC TESTING MARKET ANALYSIS - OFFERING
7.1 Hardware and Software
7.1.1 Overview
7.1.2 Hardware and Software Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Services
7.2.1 Overview
7.2.2 Services Market Revenue and Forecasts to 2030 (US$ Million)
8. SOUTH & CENTRAL AMERICA EMC TESTING MARKET ANALYSIS - SERVICE TYPE
8.1 Testing Services
8.1.1 Overview
8.1.2 Testing Services Market Revenue and Forecasts to 2030 (US$ Million)
8.2 Inspection Services
8.2.1 Overview
8.2.2 Inspection Services Market Revenue and Forecasts to 2030 (US$ Million)
8.3 Certification Services
8.3.1 Overview
8.3.2 Certification Services Market Revenue and Forecasts to 2030 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
9. SOUTH & CENTRAL AMERICA EMC TESTING MARKET ANALYSIS - END-USE
9.1 Consumer Appliances and Electronics
9.1.1 Overview
9.1.2 Consumer Appliances and Electronics Market Revenue and Forecasts to 2030 (US$ Million)
9.2 Automotive
9.2.1 Overview
9.2.2 Automotive Market Revenue and Forecasts to 2030 (US$ Million)
9.3 Military and Aerospace
9.3.1 Overview
9.3.2 Military and Aerospace Market Revenue and Forecasts to 2030 (US$ Million)
9.4 IT and Telecommunications
9.4.1 Overview
9.4.2 IT and Telecommunications Market Revenue and Forecasts to 2030 (US$ Million)
9.5 Medical
9.5.1 Overview
9.5.2 Medical Market Revenue and Forecasts to 2030 (US$ Million)
9.6 Industrial
9.6.1 Overview
9.6.2 Industrial Market Revenue and Forecasts to 2030 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
10. SOUTH & CENTRAL AMERICA EMC TESTING MARKET - COUNTRY ANALYSIS
10.1 South & Central America
10.1.1 South & Central America EMC Testing Market Overview
10.1.2 South & Central America EMC Testing Market Revenue and Forecasts and Analysis - By Countries
10.1.2.1 Brazil EMC Testing Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.1.1 Brazil EMC Testing Market Breakdown by Offering
10.1.2.1.2 Brazil EMC Testing Market Breakdown by Service Type
10.1.2.1.3 Brazil EMC Testing Market Breakdown by End-use
10.1.2.2 Argentina EMC Testing Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.2.1 Argentina EMC Testing Market Breakdown by Offering
10.1.2.2.2 Argentina EMC Testing Market Breakdown by Service Type
10.1.2.2.3 Argentina EMC Testing Market Breakdown by End-use
10.1.2.3 Rest of South & Central America EMC Testing Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.3.1 Rest of South & Central America EMC Testing Market Breakdown by Offering
10.1.2.3.2 Rest of South & Central America EMC Testing Market Breakdown by Service Type
10.1.2.3.3 Rest of South & Central America EMC Testing Market Breakdown by End-use
11. COMPETITIVE LANDSCAPE
11.1 Heat Map Analysis By Key Players
12. EMC TESTING MARKET INDUSTRY LANDSCAPE
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. COMPANY PROFILES
13.1 Ametek Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Eurofins Scientific SE
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Intertek Group Plc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 SGS SA
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 TUV SUD AG
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 UL, LLC
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
14. APPENDIX
14.1 About The Insight Partners
14.2 Word Index
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
2.2 Market Attractiveness
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SOUTH & CENTRAL AMERICA EMC TESTING MARKET LANDSCAPE
4.1 Overview
4.2 Ecosystem Analysis
4.3 EMC Testing Standards
5. SOUTH & CENTRAL AMERICA EMC TESTING MARKET - KEY INDUSTRY DYNAMICS
5.1 Drivers
5.1.1 Surging Demand for Certification Services
5.1.2 Increasing Deployment of EMC in Consumer Electronics
5.1.3 Stringent Regulations Imposed by Governments
5.2 Restraints
5.2.1 High Cost of Test Equipment
5.2.2 Lack of Awareness and Expertise
5.3 Opportunity
5.3.1 Growing Demand for Electric Vehicles
5.3.2 Increasing Adoption of wireless technologies
5.4 Future Trend
5.4.1 Advancements in 5G Infrastructure
5.5 Impact of Drivers and Restraints:
6. EMC TESTING MARKET - SOUTH & CENTRAL AMERICA EMC MARKET ANALYSIS
6.1 EMC Testing Market Revenue (US$ Million), 2022 - 2030
7. SOUTH & CENTRAL AMERICA EMC TESTING MARKET ANALYSIS - OFFERING
7.1 Hardware and Software
7.1.1 Overview
7.1.2 Hardware and Software Market Revenue and Forecasts to 2030 (US$ Million)
7.2 Services
7.2.1 Overview
7.2.2 Services Market Revenue and Forecasts to 2030 (US$ Million)
8. SOUTH & CENTRAL AMERICA EMC TESTING MARKET ANALYSIS - SERVICE TYPE
8.1 Testing Services
8.1.1 Overview
8.1.2 Testing Services Market Revenue and Forecasts to 2030 (US$ Million)
8.2 Inspection Services
8.2.1 Overview
8.2.2 Inspection Services Market Revenue and Forecasts to 2030 (US$ Million)
8.3 Certification Services
8.3.1 Overview
8.3.2 Certification Services Market Revenue and Forecasts to 2030 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
9. SOUTH & CENTRAL AMERICA EMC TESTING MARKET ANALYSIS - END-USE
9.1 Consumer Appliances and Electronics
9.1.1 Overview
9.1.2 Consumer Appliances and Electronics Market Revenue and Forecasts to 2030 (US$ Million)
9.2 Automotive
9.2.1 Overview
9.2.2 Automotive Market Revenue and Forecasts to 2030 (US$ Million)
9.3 Military and Aerospace
9.3.1 Overview
9.3.2 Military and Aerospace Market Revenue and Forecasts to 2030 (US$ Million)
9.4 IT and Telecommunications
9.4.1 Overview
9.4.2 IT and Telecommunications Market Revenue and Forecasts to 2030 (US$ Million)
9.5 Medical
9.5.1 Overview
9.5.2 Medical Market Revenue and Forecasts to 2030 (US$ Million)
9.6 Industrial
9.6.1 Overview
9.6.2 Industrial Market Revenue and Forecasts to 2030 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others Market Revenue and Forecasts to 2030 (US$ Million)
10. SOUTH & CENTRAL AMERICA EMC TESTING MARKET - COUNTRY ANALYSIS
10.1 South & Central America
10.1.1 South & Central America EMC Testing Market Overview
10.1.2 South & Central America EMC Testing Market Revenue and Forecasts and Analysis - By Countries
10.1.2.1 Brazil EMC Testing Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.1.1 Brazil EMC Testing Market Breakdown by Offering
10.1.2.1.2 Brazil EMC Testing Market Breakdown by Service Type
10.1.2.1.3 Brazil EMC Testing Market Breakdown by End-use
10.1.2.2 Argentina EMC Testing Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.2.1 Argentina EMC Testing Market Breakdown by Offering
10.1.2.2.2 Argentina EMC Testing Market Breakdown by Service Type
10.1.2.2.3 Argentina EMC Testing Market Breakdown by End-use
10.1.2.3 Rest of South & Central America EMC Testing Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.3.1 Rest of South & Central America EMC Testing Market Breakdown by Offering
10.1.2.3.2 Rest of South & Central America EMC Testing Market Breakdown by Service Type
10.1.2.3.3 Rest of South & Central America EMC Testing Market Breakdown by End-use
11. COMPETITIVE LANDSCAPE
11.1 Heat Map Analysis By Key Players
12. EMC TESTING MARKET INDUSTRY LANDSCAPE
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. COMPANY PROFILES
13.1 Ametek Inc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Eurofins Scientific SE
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Intertek Group Plc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 SGS SA
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 TUV SUD AG
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 UL, LLC
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
14. APPENDIX
14.1 About The Insight Partners
14.2 Word Index
