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Indian General Purpose Test Equipment Market
Frost & Sullivan, Feb 2009, Pages: 159
The general purpose test equipment market is segmented into the markets of Spectrum Analyzer, Network Analyzer, Logic Analyzer, Oscilloscope, Counter, LCR Meter, Multimeter, Protocol Analyzer, power meter, signal generator, function generator and pattern generators markets. Each segment discusses applicable end-user applications. Each segment also discusses current issues facing the market, revenue forecasts, market and technology trends, and competitive analysis. Challenges and strategies specific to each segment are discussed at the total level.
High Growth in the Communications Industry and Increased Defense Spending Propel the Indian General Purpose Test Equipment Market
Demand from the defense, communications, and electronics segments is promising a strong growth wave for the general purpose (GP) test equipment market in India in the coming years. The Indian telecom sector has taken rapid strides in recent times, and this growth is complemented by the high rate of development of the telecom infrastructure. These trends in all facets of the telecom industry bode well for the general purpose (GP) test equipment market as these testers are employed for a variety of purposes ranging from research and development (R&D), manufacturing to installation and maintenance (I&M).With the escalation in security concerns in India, the government has upped budget allocations for military and defense, opening up huge potential for the GP test equipment market.
GP test equipment spans a host of applications, from the simplest current voltage testing to high-end RF and microwave measurements making them integral tools for R&D, manufacturing and I&M across sectors.
“Cost advantages and availability of skilled professionals have transformed India into an R&D hub for various industries,” notes the analyst of this research service. “Companies across the globe are investing in R&D set ups in the country, and this is favoring the market for GP test equipment.” The expansion of communication networks across the length and breadth of the country is necessitating GP test equipment such as the spectrum analyzers and network analyzers. As mobile penetration into rural zones continues to increase, the demand for these testers is also expected to grow in parallel.
Participants Must Up the Ante to Provide Scalable, Innovative, and Cost Effective Products to Outpace Competition
Although the GP test equipment market is progressing at a steady pace, there are some bottlenecks that need to be addressed. Offering scalable products in line with the latest technological innovations at a competitive price is proving to be a daunting task for suppliers. While providing scalable products gives considerable marketing mileage, competitive pricing will offer a bigger advantage. “Continuous product improvement with new features demonstrating cutting-edge technology remains the challenging aspiration for GP test vendors to gain market share,” notes the analyst of this research service. “They must fine tune their products and make feature additions and modifications to outpace competition; participants must also cater to the demand for customized products, identifying the specific end user needs across all end user segments.”
Round the clock customer support and brand equity are other determining factors for success in this market. Companies are exploring the feasibility of local manufacturing in order to curtail costs and bring down prices. Most companies have already moved a major portion of manufacturing activities to other low cost destinations. The need for the development of state-of-the-art products has triggered R&D spending and quality control activities. Major test vendors are allocating 10 to 15 percent of their revenues to R&D, resulting in the emergence of multi-functional instruments that integrate the functions of many equipment into one, marking the end of stand-alone products.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Electronic counters
- Network analyzers
- Logic analyzers
- Spectrum analyzers
- Oscilloscopes
- Multimeters
- LCR meters
- Power meters
- Signal generators
- Function generators & arbitrary waveform generators
- Digital pattern generators
- Protocol analyzers
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