Ready Yourself for Challenges in the Time of COVID-19. Here’s What Stakeholders Need to Know About the Evolving Global General Purpose Electronic Test and Measurement Instruments Market
The global market for General Purpose Electronic Test & Measurement (T&M) Instruments is projected to reach US$9. 4 billion by 2025, driven by soaring data traffic warranting network enhancements and continuous performance monitoring; and launch of new next generation electronic equipment in communications, aerospace, military and defense, consumer electronics and manufacturing sectors.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global General Purpose Electronic Test and Measurement Instruments market. Report segmentation includes 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) ).
7 June 5:30 A.M., California/Marketwire/ - According to the new market research report, the global market for General Purpose Electronic Test & Measurement (T&M) Instruments is projected to reach US$9. 4 billion by 2025, driven by soaring data traffic warranting network enhancements and continuous performance monitoring; and launch of new next generation electronic equipment in communications, aerospace, military and defense, consumer electronics and manufacturing sectors. Not surpassingly, all focus will be on data rates as 5G emerges to push mobile data traffic to an exponential high. This will push up the importance of electronic test and measurement equipment given their role in ensuring that all this data traffic gets to its destination efficiently and without delay. To ensure applications function seamlessly on 2G, 3G, 4G, and 5G networks, testing is critically important. Testing therefore ensures quality of service (QoS) and a positive experience for consumers.
As technologies converge and upgrade, they become complex making it important for companies to have the right tools to simulate, test, characterize, and evaluate. Device miniaturization and growing complexity of electronic components such as ICs are creating the need for innovative T&M instruments with the flexibility and functionality to meet the testing requirements of next generation electronics. Other major factors influencing growth include demand for portability and the ensuing robust demand for wireless test equipment; increasing R&D investments dedicated to the development of new product functionalities and capabilities; strategic integration of testing as a vital part of the chip designing and fabrication process; emerging wireless standards, the need for wider bandwidth, and the ensuing demand for RF signal generators; need for RF spectrum analyzers in the communications industry against the backdrop of expanding use of electronic equipment that uses radio frequency signals. A key fact to note is the relative maturity of the market with product penetration in most of the end-use sectors averaging to over 90%. Yet another indicator of the market`s maturity is the increasing price-performance ratio of testing equipment. The market is now ripe for pricing pressures, and corporate survival hinges upon the ability to provide enhanced product functionalities at reduced costs.
Key Competitors Covered in the Report
B&K Precision Corporation
Good Will Instrument Co. Ltd.
Hioki E. E. Corporation
Ideal Industries Inc.
Keysight Technologies Inc.
National Instruments Corporation
Rohde & Schwarz GmbH & Co. KG
Stanford Research Systems Inc.
Teledyne LeCroy Inc.
Thurlby Thandar Instruments Limited
VIAVI Solutions Inc.
Yokogawa Electric Corporation
Geographies Analyzed in the Report
Europe (France, Germany, Italy, United Kingdom, Spain, Russia, and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 3173. Among this pool, 571 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 93 unique participations, a total of 42 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.