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General Purpose Test Equipment (GPTE) Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Technological Developments in the Industry to Boost Market Growth | Technavio

[July 23, 2020]

General Purpose Test Equipment (GPTE) Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Technological Developments in the Industry to Boost Market Growth | Technavio

Technavio has been monitoring the general purpose test equipment (GPTE) market and it is poised to grow by USD 1.65 billion during 2020-2024, progressing at a CAGR of 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200723005520/en/

Technavio has announced its latest market research report titled Global General Purpose Test Equipment (GPTE) Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Anritsu (News - Alert) Corp., Danaher Corp., Keysight Technologies Inc., Lauterbach GmbH, National Instruments Corp., Rohde & Schwarz GmbH & Co. KG, Teledyne Technologies Inc., Texas Instruments (News - Alert) Inc., Thermo Fisher Scientific Inc., and Yokogawa Electric Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technological developments in the industry have been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

General Purpose Test Equipment (GPTE) Market 2020-2024: Segmentation

General Purpose Test Equipment (GPTE) Market is segmented as below:

Product
- Oscilloscope
- Spectrum (News - Alert) Analyzer
- Signal Generator
- Network Analyzer
- Multimeter
- Other Products
End-user
- Communication
- Industrial
- Aerospace and Defense
- Electronics and Semiconductors
- Others