The Global Market for General Purpose Electronic Test & Measurement Instruments is Projected to Reach US$8.8 Billion by 2022

Rising Need for Validating Equipment Performance to Drive the General Purpose Electronic Test & Measurement Instruments Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global General Purpose Electronic Test & Measurement Instruments market. The global market for General Purpose Electronic Test & Measurement Instruments is projected to reach US$8.8 billion by 2022, driven by soaring data traffic warranting network enhancements; expanding IoT ecosystem; and growth in demand from communications, aerospace & military/defense and consumer electronics manufacturing sectors.

General Purpose Electronic Test and Measurement (T&M) instruments are typically utilized by manufacturers of electrical and electronic products/systems. Electronic and semiconductor component manufacturers, defense contractors, automobile manufacturers and electronic contract manufacturers, among others use these instruments to validate designs and optimum functioning of manufactured goods/products.  Majority of T&M instruments are commercial off-the-shelve multi-functional devices, which can test multiple equipment. These indispensable tools measure, test, and analyze a range of electronic variables such as voltage, current, power, frequency, amplitude, jitter, and noise, among others. Device miniaturization and growing complexities 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 these new breeds of electronics devices. The more smaller and sophisticated electronic products become, the more complex and advanced the testing and measuring instruments become, indicating a parallel relationship between the two.

The once mainly performance-driven, T&M instruments are now required to provide additional value, which mandates considerable manufacturer focus on product/technology developments. Over the next few years, technology developments and product innovations will therefore be the primary focus area for manufacturers. Product development efforts will be driven by the growing need to add new functionalities and capabilities to existing T&M instruments to gain competitive advantage and tap opportunities in new application areas. With testing becoming an integral part of the manufacturing process in all key end-use sectors, demand for T&M instruments will continue to grow strong. Semiconductor manufacturers for instance have made tests an integral part of their chip designing and fabrication process.

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 8.5% over the analysis period. The growth in the region is driven by strong electronics manufacturing activity supported by the spiraling demand for consumer, medical, automotive, and industrial electronics;  rapid advancements in data and wireless communication infrastructure, and gradual shifting of semiconductor and electronics R&D activities to the region. Extension Based Test & Measurement Instruments represents the fastest growing product market. Driven by the development of a 3.5-GHz frequency spectrum in WiMAX communications systems and increase in the use of advanced technologies such as Bluetooth WCDMA, GSM, EDGE, and 3G wireless, Signal Generators will witness the fastest growth over the analysis period.

Key players covered in the report include Advantest Corp., Anritsu Corp., Astro-Med, Inc., B&K Precision Corp., Cobham Wireless, Danaher Corp., Fluke Corp., Tektronix, Inc., GaGe Applied Technologies, Inc., Giga-tronics, Inc., GW Instek Co Ltd., Hioki E. E. Corp., Ideal Industries, Inc., Keysight Technologies, Inc., National Instruments Corp., Pico Technology, Rohde & Schwarz, HAMEG Instruments GmbH, Spanawave Corp., Stanford Research Systems, Inc., Teledyne LeCroy, Inc., Thurlby Thandar Instruments Ltd., Viavi Solutions Inc., Wireless Telecom Group, Inc., Boonton Electronics Corp., and Yokogawa Electric Corp., among others.

The research report titled “General Purpose Electronic Test & Measurement Instruments: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, mergers & acquisitions, product innovations and launches, and strategic industry activities of major companies worldwide. The report provides volume & value 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.

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