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European General Purpose Test Equipment Markets
Frost & Sullivan, March 2011, Pages: 60
This research service covers the markets for key segments of the general purpose test and measurement (T&M) equipment market in Europe. It covers six products, including electronic counters, multimeters, network analyzers, spectrum analyzers, power meters, and logic analyzers. The European general purpose test equipment market is mature and expected to grow slowly during the forecast period.
Research Overview
This research service titled European General Purpose Test Equipment Markets provides a comprehensive examination of drivers, restraints, industry challenges as well as a detailed geographic analysis. In this research expert analysts thoroughly examine the following market sectors: power meters, spectrum analysers, network analysers, logic analysers, electronic counters and multimeters.
Market Overview
Strong Research and Development to Enable Europe to Maintain Market Dominance
The European general purpose test equipment market is recovering from the economic recession. Although the European market is mature, growth over the next few years will be gradual. Promisingly, most design applications are still occurring in the European market. Significant research and development in Western Europe and the growing manufacturing opportunities in Eastern Europe are set to open up a number of lucrative market opportunities.
“The majority of research and development activities in Europe are concentrated in Germany,” notes Research Analyst Mariano Kimbara. “Advanced German technology is helping to set standards worldwide in research, development, production and service, ensuring that the region overall garners increasing market share in the overall test & equipment market.” The European market leads globally in terms of product innovation. Europe and Germany are the core markets for design development. There are increasing opportunities being presented by the aerospace and defence and the automotive sector.
Emerging Manufacturing Opportunities in Eastern Europe to Support Steady Demand
The economic downturn significantly affected market growth, with a revenue decline of nearly 20 per cent in most segments in 2009 compared to the previous year. A climate of economic turmoil caused end users to reconsider purchasing new test equipment. Similar to their North American counterparts, European end users were also negatively affected by the economic downturn, due to the decreased spending on test equipment.
“However, the shift of manufacturing activity from the developed Western European markets to the East has resulted in steady demand emanating from this market space,” remarks the analyst. “This is a key factor that has ensured that Europe continues to account for a substantial revenue share of the total test and measurement market.”
Market Sectors
Expert analysts thoroughly examine the following market sectors in this research:
- Power meters
- Spectrum analysers
- Network analysers
- Logic analysers
- Electronic counters
- Multimeters
By End User:
- Communications
- Aerospace and Defense
- Electronics Manufacturing
- Industrial and Automotive
- Others
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