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Global General Purpose Electronic Test and Measurement Instruments Market to Reach $9.4 Billion by 2025
SAN FRANCISCO , March 28, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "General Purpose Electronic Test and Measurement Instruments - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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Edition: 18; Released: February 2022
Executive Pool: 3173
Companies: 165 - Players covered include Advantest Corporation; Anritsu Corporation; AstroNova, Inc.; B&K Precision Corporation; Fortive Corporation; Fluke Corporation; Tektronix, Inc.; GaGe Applied Technologies, Inc.; Good Will Instrument Co., Ltd.; Hioki E. E. Corporation; Ideal Industries, Inc.; Keysight Technologies, Inc.; National Instruments Corporation; Pico Technology; Rohde & Schwarz GmbH & Co. KG; Spanawave Corporation; Stanford Research Systems, Inc.; Teledyne LeCroy, Inc.; Thurlby Thandar Instruments Limited; VIAVI Solutions, Inc.; Wireless Telecom Group, Inc.; Boonton Electronics; Yokogawa Electric Corporation and Others.
Coverage: All major geographies and key segments
Segments: Product Segment (Digital Oscilloscopes, PC-based Oscilloscopes, Network Analyzers, Spectrum Analyzers, Logic Analyzers, Multimeters, Radio Frequency Signal Generators, Microwave Signal Generators, Arbitrary Waveform Generators, Extension-based, Other Product Segments); End-Use (Communications, Aerospace & Defense, Electronics Manufacturing, Industrial Electronics & Automotive, Other End-Uses)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.
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ABSTRACT-
Global General Purpose Electronic Test and Measurement Instruments Market to Reach $9.4 Billion by 2025
Electronic Test and Measurement (T&M) instruments industry has long established itself as an indispensable platform for validating functioning and performance of a wide gamut of electronic products, right from the product design, development and architecture stage to production testing, and pre and post market testing & support stage. With electronic gadgets shrinking in size, being equipped with advanced wireless capabilities, the complexity of the devices has been increasing. As a result, testing has become a highly complicated process for manufacturing, presenting a major opportunity for testing manufacturers. Amid the COVID-19 crisis, the global market for General Purpose Electronic Test and Measurement Instruments is projected to reach US$9.4 Billion by 2025, registering a compounded annual growth rate (CAGR) of 5.2% over the analysis period. United States represents the largest regional market for General Purpose Electronic Test and Measurement Instruments, accounting for an estimated 31.6% share of the global total. The market is projected to reach US$2.8 Billion by the close of the analysis period. China is expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 8.5% over the analysis period.
Growth in the global market is set to be driven by increasing modular T&M equipment adoption. Another important growth promoting factor for the market has been the increasing demand for the equipment from the fast growing telecommunications industry worldwide. This industry applies general purpose electronic test and measurement instruments for testing protocols and standards for LTE networks primarily. Continued expansion of data traffic, increasing smartphone penetration, growing broadband services adoption, and 5G technology are the important factors that would continue to boost demand for GPTE from this market. Growth for the equipment from the communications sector would be faster than growth in electronics, semiconductors, aerospace, defense and industrial segments. In countries across the world, communication industries are also making investments in new networks development for coping with fast increasing IP traffic, which would bode well for the market. Data centers are also increasing in number in countries across the world. Micro-mobile data centers in particular are coming up for applications of edge computing, which is anticipated to boost GPTE demand further.
The United States represents the largest regional market, driven by rising demand for T&M instruments, growing disposable incomes of households and increasing manufacturing capabilities of the automotive industry. Vast population base, rising disposable incomes, stable manufacturing activity, thriving telecom sector, and strong penetration of advanced mobile devices in several Asian countries make the region a market laden with tremendous potential for test equipment. Robust growth of the communication industry, expanding 4G network, and proposed rollouts of 5G networks are fueling growth in the Asia-Pacific T&M equipment market. With leading regional economies, China and India, witnessing sustained increase in sales of smartphones and sustained focus being placed on upgrade of next generation telecom standards, there is significant growth potential for the electronics T&M instruments. More
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www.StrategyR.com
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