South America EMC Testing Market

Market Introduction  

The SAM Electromagnetic Compatibility (EMC) Testing Market is sub segmented into Brazil, Argentina, and the Rest of SAM. 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. Furthermore, the passenger car industry in the region is growing steadily as most countries have been witnessing adverse effects of economic crises and currency fluctuations in the past. With the slow but continuous recovery of the Brazilian market, the overall passenger car industry is also flourishing gradually, and it accounts for a significant share of the market 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 region. Brazil has a vast 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. Further, other manufacturing industries in Brazil include electronics, aerospace, and food & beverages.

Brazil has the largest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina. In order to combat the spread of the virus, all economic activities across the region were halted. The closure of manufacturing activities across major countries in SAM, such as Brazil and Argentina, affected the adoption of any new technology. The recession in the manufacturing sector has influenced government bodies to take necessary steps in order to boost the sector across the country. Though the electromagnetic compatibility (EMC) testing market is adversely affected due to the COVID-19 outbreak, the government initiatives to attract investors in the manufacturing sector are expected to influence the adoption of the technology across various industries in the region.           

South America EMC Testing Strategic Insights

Strategic insights for the South America EMC Testing provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South America EMC Testing Report Scope

South America EMC Testing Regional Insights

The geographic scope of the South America EMC Testing refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The EMC testing market in SAM is expected to grow from US$ 67.75 million in 2021 to US$ 100.82 million by 2028; it is estimated to grow at a CAGR of 5.8% from 2021 to 2028. SAM countries 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 SAM is magnifying the demand for EMC testing across the region.     

Key Market Segments

SAM EMC testing market is segmented into offering, service type, end-use, and country. Based on offering, SAM EMC testing market is segmented into hardware and software and services. The hardware and software segment held the largest market share of the SAM EMC testing market in 2020. Based on service type, the SAM EMC testing market is segmented into testing services, inspection services, certification services, and other services. Testing services segment held the largest market share in 2020. Further, on the basis of end-use, the SAM EMC testing market is segmented into consumer appliances and electronics, automotive, military and aerospace, IT and telecommunications, military & aerospace, industrial, and others. Consumer appliances and electronics segment held the largest market share in 2020. Based on country, the SAM EMC testing market is segmented into Brazil Argentina, and Rest of SAM. Brazil held the largest market share in 2020.             

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the EMC testing market in SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are AMETEK, Inc.; Bureau Veritas; Intertek Group plc; SGS SA; TÜV SÜ; and UL, LLC.          

Reasons to buy report

• To understand the SAM EMC testing market landscape and identify market segments that are most likely to guarantee a strong return.
• Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM EMC testing market.
• Efficiently plan M&A and partnership deals in SAM EMC testing market by identifying market segments with the most promising probable sales.
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM EMC testing market.
• Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.

SAM

SAM EMC Testing Market -

By Offering

• Hardware and Software
• Services

SAM EMC Testing Market - By

Service Type

• Testing Services
• Inspection Services
• Certification Services
• Other Services

SAM EMC Testing Market - By End-Use

• Consumer Appliances and Electronics
• Automotive
• Military and Aerospace
• IT and Telecommunications
• Medical
• Industrial
• Others

SAM EMC Testing Market - By Country

• Brazil
• Argentina
• Rest of SAM

SAM EMC Testing Market - Company Profiles

• AMETEK, Inc.
• Bureau Veritas
• Intertek Group plc
• SGS SA
• TÜV SÜ
• UL, LLC