Check & Measurement Gear Market Dimension Anticipated To Attain $ 7.Three Billion By 2026
“APAC market for test and measurement devices”
The development of communications infrastructure coupled with the increasing popularity of IoT-based technologies is driving the growth of the test and measurement equipment market in APAC
The Apac market for test and measurement devices The size is expected to reach $ 7.3 billion by 2026 and grow at a CAGR of 5.19% over the forecast period 2021-2026. The advancing digital transformation in the automotive industry and the use of electric and hybrid electric vehicles promotes the retrofitting of devices and equipment that can be used with a wide range of test and measurement devices such as electrical testers, digital multimeters, digital oscilloscopes, spectrum analyzers and environmental testers or equipment. Data centers, advanced telecommunications infrastructure, and the automotive industry are some of the key end uses that require advanced automated test and measurement equipment to meet modern test needs. 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, calibration service and data transmission condition. These factors will drive the APAC test and measurement industry.
APAC test and measurement segment analysis – by equipment
Communication test equipment is a key market for the APAC test and measurement market and will grow 5.9% through 2026. 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 cellular subscribers was 91.11 (per 100 population) in 2017, 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.
APAC test and measurement segment analysis – by industry
The market for test and measurement devices will grow rapidly due to the wide range of applications in battery and hybrid electric vehicles in the automotive sector. This sector is expected to grow 6.5% through 2026 after the auto industry declined in 2019 and 2020. 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 hybrid and fully-fledged cars. 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 2022, around 180 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 automated RF test equipment for calibration services and bit error rate testing.
Request a sample report @ https://www.industryarc.com/pdfdownload.php?id=18858
Report Price: $ 4,300 (single user license)
APAC test and measurement segment analysis – by geography
China is the largest region for the test and measurement market due to the presence of a strong manufacturing base that accounts for 36% of the market. 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, especially for calibration services. China’s National Bureau of Statistics estimates that consumer product sales increased 9.2% year over year in 2018, estimated at around $ 1,436.8 billion. Similarly, India started producing a wide range of electronic products 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 is likely to bring rapid growth for test and measurement equipment, especially automated test equipment, in the country. China is expected to grow at a CAGR of 6.2% in 2021-2026.
APAC test and measurement driver
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 impact on the test and measurement equipment for testing the bit error rate. 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 expected to provide more opportunities for test and measurement services, primarily calibration services.
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. With strict design leeway, however, the engineers are now looking for high-resolution oscilloscopes with analog-to-digital converters (ADC) and a large number of bits. These new applications create opportunities for advanced test and measurement equipment.
Challenges in APAC tests and measurements
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.
APAC Tests and Measurements Market Landscape
Key players in the test and measurement market include Fortive Corporation, Rohde & Schwarz GmbH & Co. KG, Anritsu Corporation, Keysight Technologies, Yokogawa Electric Corporation, National Instruments Corporation, Teledyne and Advantest. 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 2021, Thermo Fisher Scientific announced the completion of the acquisition of Mesa Biotech. Mesa Biotech is developing the Accula system for point-of-care PCR-based tests for diagnosing infectious diseases.
In 2019, Liquid Instruments announced it would raise $ 8.16 million to expand its product line for research, education and industrial measurement markets in the US, Europe and Asia.
The central theses
Modern electronic devices in automobiles increase the need for RF test equipment (Radio Frequency Testing Equipment), especially for automated test equipment, considerably.
China holds the majority market share due to the great demand from the telecommunications and automotive industries due to the increasing market for battery and hybrid electric vehicles.
The changing landscape of the communication infrastructure and the digital transformation in various industries are stimulating the market for test and measurement devices, especially for bit error rate test and calibration services.
The test and measurement market is fragmented, but large vendors look forward to consolidating the market through mergers and acquisitions.
A. Test and measurement market
B. RF Test Equipment Market
For more automation and instrumentation market reports, please 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) 970-236-3677