EMC filter: Key market research findings
- Increased adoption of electronic warfare drives market growth
- EMEA dominates the market geographically
- Key vendors – exactEarth, Iridium, ORBCOMM, Saab, and Thales
Technavio’s market research analysts predict the global EMC filter market to grow at a CAGR of more than 6% between 2016 and 2020. The rising incorporation of electronic weapons and vehicles in the defense arsenal is the primary driver for growth in this market. Many countries are trying to incorporate unmanned aerial surveillance systems and other electronic weaponry to their defense resources due to the growing number and types of security threats. The increased adoption of such systems is stimulated by advantages such as no thermal heat signature, which enables them to become invisible to the enemy in the combat zone. At present, EMEA occupies around 51% of the market space to dominate the global electromagnetic compatibility (EMC) filter market. The majority of the revenue in this region is generated by the manufacturing and automotive industries. The growth in sectors such as manufacturing, automotive, wireless communication, and power and transmission industries in the region are expected to contribute to growth in the EMC filter market in EMEA by 2020.
The new market research report from Technavio presents a breakdown and analysis of the EMC filter segments based on end-user.
“Acquisition of competitors by key players is an ongoing trend in the global EMC filter market. Major players are consistently attempting to merge with or acquire rival companies to gain more market shares, avail better technology, and reduce competition. Since there are only a few global players in the EMC filter market, companies can make use of the technologies patented by their competitors as well as use the spending on research and development (R&D) in other sectors,” says Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research.
During 2015, the energy-efficient drive systems accounted for around 23% of the market share to become the dominant shareholder in the global EMC filter market. Energy-efficient drives are designed for effectual utilization of energy. They help in reducing energy consumption by almost 60% as well as lower the carbon emissions and the total maintenance cost, thereby increasing the average lifecycle of the plant. The increase in the adoption of energy-efficient power drives integrated with electronic circuits is expected to boost growth in this segment during the forecast period.
The key vendors in the global EMC market include exactEarth, Iridium, ORBCOMM, Saab, and Thales. Companies such as ORBCOMM and exactEarth have a strong presence in the market. Intense competition prevails between them in terms of advanced digital signal processing features and data analytics solutions. The market is expected to witness the entry of companies that have expertise in in satellite technology and possess data aggregation capabilities, which will intensify the competition.
A more detailed analysis is available in the Technavio report, Global EMC Filter Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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