KUALA LUMPUR, Malaysia, June 16, 2015 /PRNewswire/ -- The market for electromagnetic compatibility (EMC) testing is expected to get a thrust over the next four years. Increasing government initiatives to make EMC testing mandatory will begin with national labs developing testing capabilities. Manufacturing and R&D activities in the region are further set to drive the growth of the EMC test market. Most countries in Southeast (SE) Asia have already adopted the international standard regulated by the International Electrotechnical Commission (IEC). To meet these regulatory requirements and obtain the certification, manufacturers will depend either on national or third-party testing services.
New analysis from Frost & Sullivan, Electromagnetic Compatibility (EMC) Test Equipment Market in Southeast Asia (http://www.frost.com/p831), finds that the market earned revenues of US$68 million in 2014 and is expected to nearly double to reach US$134.5 million in 2019, at a compound annual growth rate of 14.6 percent.
"There is strong emphasis on economic growth in SE Asia, through foreign direct investments and investments in R&D," explained Frost & Sullivan Measurement & Instrumentation Research Analyst Susan Sahayan. "The positioning of SE Asia as a manufacturing hub and the rising volume of design and development activities in the electrical and electronics sector augur well for EMC test equipment vendors."
However, EMC test equipment vendors are hampered to some extent by the price sensitivity of end users. Due to tightening budgets and the need to keep manufacturing lean, there is rising demand for equipment with wider functionalities and lower prices.
EMC test market participants are making efforts to stem price declines and maintain their profit margins by offering strong product performance, product reliability, and value-added services. Vendors that aggressively introduce equipment, upgrades, and additions to their existing product portfolio have better chances of succeeding in the market.
As efficiency, versatility, and robustness in testing are priorities, end users will continue to demand equipment such as EMI test receivers, which are capable of taking multiple measurements in a short time. There is also likely to be a substantial market for spectrum analyzers that are fast, efficient, and versatile.
"In the future, EMC test equipment manufacturers that offer integration services will have an edge over other competitors," noted Sahayan. "It is imperative that vendors work towards building trust with customers to enhance their presence in the market. In-depth product knowledge and customer support will go a long way in entrenching their position in the regional market."
If you are interested in more information on this study, please send an e-mail to Donna Jeremiah, Corporate Communications, at djeremiah@frost.com.
Electromagnetic Compatibility (EMC) Test Equipment Market in Southeast Asia is part of the Test & Measurement (http://www.testandmeasurement.frost.com) Growth Partnership Service program. Frost & Sullivan's related studies include: Global Network and Application Security Testing Market, Data Acquisition Market in Southeast Asia, Global Wireless Test Equipment Market, and Beyond BRIC--Strategic Analysis of the Middle East and North African NDT Inspection Services Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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Electromagnetic Compatibility (EMC) Test Equipment Market in Southeast Asia
P831-30
Contact:
Donna Jeremiah
Corporate Communications -- Asia Pacific
P: +61 (02) 8247 8927
F: +61 (02) 9252 8066
E: djeremiah@frost.com
Carrie Low
Corporate Communications -- Asia Pacific
P: +603 6204 5910
F: +603 6201 7402
E: carrie.low@frost.com
Melissa Tan
Corporate Communications -- Asia Pacific
P: +65 6890 0926
F: +65 6890 0999
E: melissa.tan@frost.com
