Check and measurement gear market dimension is forecast to be $ 33 billion by 2025
“Test and measurement market”
Testing and measuring devices, devices and signals is the integral part of the communication network. Therefore, every new development in the communication network will have a positive effect on the test and measurement equipment market.
The Test and measurement equipment market is projected to reach $ 33 billion by 2025 and grow at a CAGR of 4.05% over the forecast period 2019-2025. The advancing digital transformation in the automotive industry promotes the retrofitting of devices and devices that are equipped with a wide range of test and measurement devices, such as: B. electrical testers, digital multimeters, digital oscilloscopes, spectrum analyzers and environmental testers. Data centers, advanced telecommunications infrastructure, and automobiles are some key end-use applications that require advanced measurement equipment to meet modern test requirements. The data centers use various complex electronic devices, and therefore a large number of test and measurement devices are used in these data centers to monitor the device condition, signal strength and data transmission status.
Market segment analysis for test and measurement – by industry
The market for test and measurement devices will grow rapidly due to the wide range of applications in the automotive sector. According to the next Green Car Report, there were 220,000 plug-in cars in the UK by the end of June 2019. This included both hybrids and fully electric vehicles. The increasing acceptance of electric and hybrid vehicles and the emerging demand for autonomous vehicles are likely to accelerate market growth over the forecast period. Most autonomous vehicles use wireless communication standards such as Long Term Evolution (LTE) and Wi-Fi for their infotainment system and other car accessories. By 2020, around 150 million vehicles are expected to be connected via Wi-Fi, of which 60 to 75% will be able to consume, create and share web-based data. These modern electronic devices in automobiles significantly increase the need for radio frequency testing equipment
Market segment analysis for test and measurement – by geography
The Asia-Pacific region is the largest region for the test and measurement market due to its strong production base. Most of the demand from the APAC region is coming from China, India, Taiwan and Japan due to the growth in the electronics and automotive industries. China’s National Bureau of Statistics estimates that consumer product sales rose 9.2% in 2018, valued at around $ 1,436.8 billion. Similarly, India started producing a wide range of electronic products within APAC according to major standards with latest government initiatives such as T&M India 2020. According to the Department of Electronics and Information Technology (DeitY), India develops around 2,000 chips every year. As part of the Make in India initiative, India is expected to invest $ 1.5 billion in the electronics sector over the 2018-2020 period. The expansion of these new plants should bring rapid growth in test and measurement equipment in the country. Asia Pacific will grow at a CAGR of 5.2% in 2019-2025.
The demand for test and measurement equipment from the APAC region is growing enormously in the telecommunications sector. Dense populated countries such as India and China contribute a large market for the telecommunications industry. For example, in India, the number of mobile subscribers in 2017 was 91.11 (per 100 inhabitants), but the number rose to 91.51 in 2018. The number is likely to increase due to the improvement in telecommunications infrastructure in the country. The growing need for communication tests and measurement equipment will result in significant growth in the test and measurement market due to the increase in communications infrastructure.
Request a sample report @ https://www.industryarc.com/pdfdownload.php?id=15458
Report price: $ 4500 (Single license)
Test and measurement market – drivers
Development of the communication infrastructure paired with the increasing popularity of IoT-based technology:
Testing and measuring devices, devices and signals is an integral part of a communication network. Thus every new development in the communication network will have a positive effect on the market for test and measurement devices. Currently, the communications industry is experiencing several changes due to the development of 5G technology and data centers. In 2019, Bharati Airtel announced that it would invest around 8 billion US dollars in building the 5G infrastructure and expanding 4G by 2022. Similarly, in 2019, Vodafone prepared its roadmap to invest around $ 3.08 billion in expanding its network over the next 15 years. It has partnered with Ericson to bring 5G-enabled devices to this newly expanded network. These new investments are intended to offer the test and measurement market more opportunities.
Growing demand from power management and consumer electronics applications:
Power sequencing and power supplies are some of the major power management applications that are increasing the need for electronic test equipment. Similarly, the increasing design complexity of modern consumer electronics increases the need for precision test equipment. For example, 8-bit oscilloscopes have traditionally been used in power management and consumer electronics applications. However, the engineers with limited design leeway are looking for a high-resolution oscilloscope with analog-to-digital converters (ADC) and a high number of bits. These new applications create opportunities for advanced test and measurement equipment.
Test and measurement market – challenges
Design challenge coupled with high costs
As electronic devices advances, systems are evolving into a complex structure that also requires advanced test and measurement equipment. This leads to the development of multifunctional testing and measuring devices. Manufacturers face both design and cost challenges to meet the emerging needs of end users. According to the major electronic instrument manufacturers, the cost of a modern network analyzer has increased by 15-20% due to the use of advanced and expensive components.
Major players in the test and measurement market include Bureau Veritas, Danaher, Keysight, SGS, Thermo Fisher, Texas Instruments Incorporated, XSENSOR Technology, and others. Therefore, major vendors look forward to consolidating this market through mergers and acquisitions. While expertise and economies of scale are the main strengths of large suppliers, small suppliers optimize the supply chain to reduce operating costs.
Partnerships / mergers / acquisitions
In February 2019, Electro Rent Europe and Microlease announced a merger to form Electro Rent Corporation. This merger will make Electro Rent the largest independent provider of test and measurement solutions in Europe.
In December 2018, Anritsu Company partnered with PCTEST Engineering Laboratory, Inc. to perform Specific Absorption Rate (SAR) testing of 5G devices using Anritsu’s MT8000A communication test system. This communication system is used in laboratories to emulate a 5G New Radio (NR) wireless access network to bring advanced 5G NR technology to cellular operators and device manufacturers.
R&D, investment / finance
In 2019, Liquid Instruments announced that it would raise $ 8.16 million to expand its product line for the research, education, and industrial measurement markets in the United States, Europe, and Asia.
Scope of market research for test and measurement:
The base year of the study is 2018 with a forecast to 2025. The study offers a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also contains information about unit deliveries. These provide the most important market participants with the necessary business intelligence and help them understand the future of the test and measurement technology market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors as well as the market trends, market requirements, market drivers, market challenges and product analyzes. The market drivers and restraints have been assessed to determine their impact over the forecast period. This report also identifies key growth opportunities while describing key challenges and potential threats. Key areas of focus include the types of test and measurement market and their specific applications in the consumer electronics, industrial, medical, and security and surveillance sectors.
The central theses
Modern electronic devices in automobiles increase the need for RF test equipment (Radio Frequency Testing Equipment) considerably.
APAC holds the largest share of the market due to high demand from the telecommunications and automotive industries.
The changing landscape of the communication infrastructure and the digital transformation in various industries are stimulating the market for test and measurement devices.
The test and measurement market is fragmented, but large vendors look forward to consolidating the market through mergers and acquisitions.
A. Oscilloscope Market
B. Market for Coordinate Measuring Machines
You can find more reports on electronics Click here
About IndustryARC: IndustryARC mainly focuses on market research on cutting-edge technologies and newer applications. Our Custom Research Services are designed to provide insights into the constant change in the global supply-demand divide in markets. Our strong team of analysts enables us to quickly address customer research needs and provide a wide variety of options for your business. Any other custom requirements can be discussed with our team, email us at [email protected] to discuss more about our consulting services.
Company Name: IndustryARC
Interlocutor: Mr. Venkat Reddy
E-mail: Send e-mail
Phone: 1-614-588-8538 (ext: 101)