Electronic Test and Measurement Instruments Market Report
Global market for General Purpose Electronic Test and Measurement Instruments is projected to reach US$6.8 billion by 2020, driven by technology developments, expanding end-use applications, growing need for validating the functioning and performance of equipment, and stringent quality, safety, and environmental standards for manufacturing, maintenance, and use of equipment. Electronic Test and Measurement (T&M) instruments are indispensable tools for validating functioning and performance of a wide gamut of electronic products. Electronic Test and Measurement Instruments find widespread use across the entire spectrum of the manufacturing process right from product design, development and architecture to production testing, and pre and post market testing & support.
With electronic gadgets shrinking in size, featuring advanced wireless capabilities, and gaining in complexity, testing has become a vital process in manufacturing. The growing focus being shed on production testing to enable timely defect elimination and prevent late stage equipment failure, is benefiting demand for T&M instruments. Testing in manufacturing, maintenance and support now are as crucial as opportunities in research and development. Key benefits driving the adoption of T&M instruments in product R&D, production and maintenance include high product quality, and lower costs associated with product malfunctions, repairs, replacements, product call backs and repeat production.
Stringent and rigorous quality, safety, and environment standards worldwide for manufacturing, maintenance, and use of equipment will help drive growth in the market. While military and aerospace remains the primary end-use market, emerging applications in communications, semiconductor manufacturing, Automotive electronics, biotechnology, and IT hardware, are poised to fuel future growth in the market. Driven by growing medical implant surgeries and ensuing rise in demand for prosthetics, bio-medical engineering applications including testing of medical equipment are especially poised to hold strong potential for growth. In the coming years, growth in the electronic T&M instruments market will be driven by the need to design, and develop cutting edge new generation products calibrated to meet changing requirements of new and emerging technologies in end-use markets. Future growth will also stem from technology developments and new product launches in key end-use markets. In the communication end-use market, for instance, the much-anticipated transition to 4G networks generate opportunities for growth and in the semiconductor industry, innovations in semiconductor designs and launch of new bus technology will stimulate growth.
As stated by the new market research report on General Purpose Electronic Test & Measurement Instruments, the United States represents the largest regional market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 7.4% over the analysis period. Growth in the region is driven by huge population, rising disposable incomes, increasing manufacturing activity, thriving telecom sector, and strong penetration of advanced mobile devices in several Asian countries such as China, Korea, Malaysia, and India. Signal Generators represents the fastest growing product market driven by the development of 3.5-GHz frequency spectrum in WiMAX communications systems, and increase in use of advanced technologies such as Bluetooth WCDMA, GSM, EDGE, and 3G wireless.
Key players covered in the report include Advantest Corporation, Aeroflex Inc., Agilent Technologies Inc., Anritsu Corporation, Astro-Med, Inc., B&K Precision Corp., Danaher Corporation, Fluke Corporation, Tektronix Inc., Keithley Instruments Inc., GaGe Applied Technologies Inc., Giga-tronics Inc., GW Instek Co Ltd., Hioki E. E. Corporation, Ideal Industries Inc., JDS Uniphase Corp., Teledyne LeCroy Inc., National Instruments Corporation, Pico Technology, Rohde & Schwarz, HAMEG Instruments GmbH, Stanford Research Systems Inc., Thurlby Thandar Instruments Limited, Wireless Telecom Group Inc., Boonton Electronics Corp., Willtek Communications GmbH, and Yokogawa Electric Corp., among others.
The research report titled “General Purpose Electronic Test & Measurement Instruments – Global Strategic Business Report” provides a comprehensive review of market trends, growth drivers, service innovations and launches, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America and Rest of World. Product segments analysed in the report include Multimeters, Logic Analyzers, Signal Generators (Radio Frequency Signal Generators, Microwave Signal Generators, Arbitrary Waveform Generators), Oscilloscopes (Digital Oscilloscopes, Analog Oscilloscopes, PC-Based Oscilloscopes), Spectrum Analyzers, Network Analyzers, Extension Based, and Others. End-Use segments analysed in the report include Communications, Aerospace & Military/Defense, Electronics Manufacturing, Industrial Electronics & Automotive, Others.
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications’ web site. View the report: General Purpose Electronic Test And Measurement Instruments – Global Strategic Business Report.