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General Purpose Electronic Test and Measurement Instruments - Global Market Trajectory & Analytics

  • ID: 338803
  • Report
  • April 2021
  • Region: Global
  • 702 Pages
  • Global Industry Analysts, Inc
The global market for General Purpose Electronic Test & Measurement (T&M) Instruments is projected to reach US$9. 4 billion by 2025, driven by soaring data traffic warranting network enhancements and continuous performance monitoring; and launch of new next generation electronic equipment in communications, aerospace, military and defense, consumer electronics and manufacturing sectors. Not surpassingly, all focus will be on data rates as 5G emerges to push mobile data traffic to an exponential high. This will push up the importance of electronic test and measurement equipment given their role in ensuring that all this data traffic gets to its destination efficiently and without delay. They do this by helping accelerate the design & reliability testing of new communication technologies/networks. To ensure applications function seamlessly on 2G, 3G, 4G, and 5G networks, testing is critically important. Testing therefore ensures quality of service (QoS) and a positive experience for consumers. As technologies converge and upgrade, they become complex making it important for companies to have the right tools to simulate, test, characterize, and evaluate. Device miniaturization and growing complexity 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 next generation electronics. Network overload caused by exploding IP traffic and other extraneous factors such as bad configuration management;` rogue adapter broadcasts; outdated hardware such as witches, routers, servers and internet exchanges; and multicasting , is pushing up the importance of network performance testing to ensure network optimization at all times.

Other major factors influencing growth include demand for portability and the ensuing robust demand for wireless test equipment; increasing R&D investments dedicated to the development of new product functionalities and capabilities; strategic integration of testing as a vital part of the chip designing and fabrication process; emerging wireless standards, the need for wider bandwidth, and the ensuing demand for RF signal generators; need for RF spectrum analyzers in the communications industry against the backdrop of expanding use of electronic equipment that uses radio frequency signals. A key fact to note is the relative maturity of the market with product penetration in most of the end-use sectors averaging to over 90%. Yet another indicator of the market`s maturity is the increasing price-performance ratio of testing equipment. The market is now ripe for pricing pressures, and corporate survival hinges upon the ability to provide enhanced product functionalities at reduced costs. With the exception of new, innovative and state-of-the-art test equipment, manufacturers find it virtually impossible to maintain a high price structure. A direct fallout of the intensifying pricing pressures is the move towards consolidation in the market, as players reorient strategies and realign their businesses to better reflect the changing competitive dynamics, and remain viable and competitive in the maturing market. Asia-Pacific including China is a major market led by strong electronics manufacturing activity supported by 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 Southeast Asia. Select Competitors (Total 165 Featured):
  • Advantest Corporation
  • Anritsu Corporation
  • AstroNova, Inc.
  • B&K Precision Corporation
  • Fortive Corporation
  • Fluke Corporation
  • Tektronix, Inc.
  • GaGe Applied Technologies, Inc.
  • Good Will Instrument Co., Ltd.
  • Hioki E. E. Corporation
  • Ideal Industries, Inc.
  • Keysight Technologies, Inc.
  • National Instruments Corporation
  • Pico Technology
  • Rohde & Schwarz GmbH & Co. KG
  • Spanawave Corporation
  • Stanford Research Systems, Inc.
  • Teledyne LeCroy, Inc.
  • Thurlby Thandar Instruments Limited
  • VIAVI Solutions, Inc.
  • Wireless Telecom Group, Inc.
  • Boonton Electronics
  • Yokogawa Electric Corporation
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Electronic Test & Measurement Instruments: Indispensable for Validation of Performance and Functioning of Electronic Products
  • Despite Market Maturity, New Wave of Technologies and Next Generation Products Propel Growth in Electronics T&M Instruments Market
  • Exhibit 1: Global Test & Measurement Instruments Market by Product (in %) for 2019 and 2025
  • General Purpose Electronics T&M Market Poised for Healthy Growth
  • Developing Markets Continue to be Hotspots for Growth
  • Outsourced Manufacturing Activity Boosts Demand for T&M Instruments Market in Developing Countries
  • Global Economic Outlook Impacts Electronics T&M Instruments Market
  • Exhibit 2: Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2018 through 2021
  • Manufacturing PMI: An Important Bellwether
  • Exhibit 3: Global Manufacturing Purchasing Managers' Index (PMI) for the Years 2012 through 2019
  • Competitive Landscape
  • A Fragmented Marketplace
  • What Does it Take To Survive in the Marketplace?
  • Manufacturers Resort to Product Commoditization
  • Harnessing the Internet: A Necessity
  • Application-Specific Functionality Gains Traction as a Competitive Ploy
  • Focus on Key Growth Areas
  • Pressure to Prune Down Costs & Increase Production Turnover Intensifies
  • Manufacturers Pushed Against the Wall to Make All the Right Cuts
  • Outsourcing of Testing Services Compels T&M Instrument Manufacturers to Focus on Service Providers as Key Customer Segment
  • Market Share Statistics
  • Exhibit 4: Global General Purpose Test & Measurement Market Revenues Breakdown (in %) by Company: 2019
  • Exhibit 5: Global Oscilloscopes Market Share Breakdown of Leading Players for 2019
  • Exhibit 6: Global Digital Storage Oscilloscopes Market Share Breakdown by Competitor: 2019
  • Exhibit 7: Electronic Counters Market Worldwide: Market Share Breakdown of Revenues by Leading Players for 2019
  • Exhibit 8: Global Logic Analyzers Market Revenue Share Breakdown (in %) by Company for 2019
  • Exhibit 9: Global Network Analyzers Market Revenue Breakdown (in %) by Leading Competitors: 2019
  • Exhibit 10: Global Spectrum Analyzers Market Revenue Share Breakdown by Company: 2019
  • Exhibit 11: Global Power Meters Market Share Breakdown (in %) by Company for 2019
  • Exhibit 12: Global Multimeters Market: Sales Breakdown (in %) by Competitor for 2019
  • Recent Market Activity
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Advantest Corporation (Japan)
  • Anritsu Corporation (Japan)
  • AstroNova, Inc. (USA)
  • B&K Precision Corporation (USA)
  • Fortive Corporation (USA)
  • Fluke Corporation (USA)
  • Tektronix, Inc. (USA)
  • GaGe Applied Technologies, Inc. (USA)
  • Good Will Instrument Co., Ltd. (Taiwan)
  • Hioki E. E. Corporation (Japan)
  • Ideal Industries, Inc. (USA)
  • Keysight Technologies, Inc. (USA)
  • National Instruments Corporation (USA)
  • Pico Technology (UK)
  • Rohde & Schwarz GmbH & Co. KG (Germany)
  • Spanawave Corporation (USA)
  • Stanford Research Systems, Inc. (USA)
  • Teledyne LeCroy, Inc. (USA)
  • Thurlby Thandar Instruments Limited (UK)
  • VIAVI Solutions, Inc. (USA)
  • Wireless Telecom Group, Inc. (USA)
  • Boonton Electronics (USA)
  • Yokogawa Electric Corporation (Japan)
3. MARKET TRENDS & DRIVERS
  • Signal Generators: Multifunctional, Compact Signal Generators Remain Indispensable for Test Engineers
  • Exhibit 13: World Signal Generators Market Breakdown of Revenues (in %) by End-Use Segment for 2019
  • RF Signal Generators: Significant Growth in Store
  • Defense Systems Drive Demand for Microwave Signal Generators
  • Complex Modulation through Arbitrary Signal Generators
  • Innovative Signal Generators Available in the Market
  • Rohde & Schwartz Launches RF/Microwave Signal Generators
  • Arbitrary Microwave Signal Generators from Astronics and Tektronix
  • Saelig’s RF Signal Generators
  • Keysight’s M9383A PXIe Microwave Signal Generator
  • Signal Hound’s VSG25A Vector Signal Generator
  • RIGOL Launches New RF Signal Generators
  • Anritsu’s MG3690C Analog Signal Generator
  • Multifunctional Signal Instruments Gain Traction
  • Software Solutions for Signal Generators
  • Oscilloscopes: The Largest Revenue Contributor
  • Developing Markets: A Lucrative Market to Mine
  • Digital and PC-Based Oscilloscopes to Replace Analog Versions
  • High-end Oscilloscopes Witnesses High Growth
  • DSOs: Striving to Keep Up with Demanding End-User Specifications
  • Product Innovations & Technology Developments: Spearheading Growth in Oscilloscopes Market
  • Ongoing Developments to Add Exciting Features to Oscilloscope Technology
  • Scope Probes Witness NoTable Developments
  • Appetite for New Technologies on the Rise
  • Higher Bandwidth Oscilloscopes Rise in Popularity
  • Sophisticated Analyzers in Waveform Equipment
  • Multimeters Market: STable Growth Prospects
  • Exhibit 14: Global Multimeters Market Share Breakdown of Revenues by End-Use Sector: 2019
  • Digital Multimeters: Strong Demand from End-User Industries Bolsters Market
  • Spectrum Analyzers See Steady Growth in Demand Patterns
  • Spectrum Analyzers Leapfrog to New End-Use Applications
  • Exhibit 15: Global Spectrum Analyzers Market by End-Use Sector (in %) for 2019
  • RF Spectrum Analyzers Gain Traction in the Communications Industry
  • Real-Time Spectrum Analyzers: The Need of the Hour
  • Development of Value-Added Spectrum Analyzers
  • Spectrum Analyzers to Benefit from Increased Emphasis on EMC Testing
  • Extension Based T&M Instruments Market: A Review
  • Open Architecture Concept: A Boon for the VXI and PXI Test Instruments
  • VXI Instruments: Market Prospects
  • Memories and Onboard DSPs Enhance VXI Card Capabilities
  • Exhibit 16: Global VXI Test and Measurement Equipment Market Revenue Share Breakdown by Product Segment for 2019
  • PXI Test Instruments: A Market Insight
  • PXI Express
  • Exhibit 17: Global PXI Test and Measurement Equipment Market Share Breakdown by Product Segment: 2019
  • Network Analyzers Market: An Overview
  • Broadband Millimeter-Wave Network Analyzer for Boosting Measurement Performance
  • Logic Analyzers Market
  • Exhibit 18: Global Logic Analyzers Market Revenues Breakdown (in %) by End-Use Sector for 2019
  • Steady Growth of Calibration and Repair Services
  • Big Data Analytics Solutions and Services
  • R&D in Electronic T&M Instruments Market over the Years
  • Cost-Effective and High Performance Instruments: Essential for Manufacturing Applications
  • Software Upgrades: A Strategy to Extend Useful Life of Instruments
  • Expanding IoT Ecosystem to Provide Steady Demand Prospects for Test & Measurement Equipment
  • Exhibit 19: Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025
  • Renting, Leasing or Purchasing: A Strategic View
  • High Acquisition Costs Driving Manufacturers to Offer Mixed Bag of Purchase Options to Customers
  • Steady Continuation of the Shift from Analog to Digital Instruments
  • Digital RF Measurements: Ample Opportunities in Store
  • Interops Gaining Traction
  • Modular Instruments to Drive Growth in T&M Equipment Market
  • Demand for Portability to Boost Market for Wireless Test Equipment among Device Manufacturers
  • Rise in Demand for Multi-Functional Test Equipment
  • Government Regulations Governing Power Quality Standards to Drive Demand for T&M
  • IP Standardization for Shorter Product Cycles
  • DSL Technologies Keep T&M Equipment Manufacturers on their Toes
  • Bluetooth Standard Influences Test Equipment Design
  • Efforts to Roll Out 5G Networks Raises Demand for T&M Instruments
  • Exhibit 20: 4G & 5G Subscriptions/Subscribers (In Million) for the Years 2017, 2018, 2020 and 2022
  • Product/Technology Innovations to Take Center Stage
  • End-Users Make Test an Integral Part of Production Processes
  • Chip Industry Makes Use of Cell-Aware ATPG for Detecting Faults within Cells
  • Modularity Becoming IneviTable Feature in Handheld Testers
  • Hybrid Metrology Approach Gains Traction
  • Cable Industry Embraces the Proactive Network Maintenance Approach
  • Test and Measurement Equipment Industry Leverages the Cloud
  • Communications Industry: The Largest End-Use Market for T&M Instruments
  • Soaring Data Traffic and Network Enhancements Drive Demand for Testing Equipment
  • Exhibit 21: Global Mobile Data Traffic in Exabytes per Month for the Period 2017-2022
  • Exhibit 22: Global Mobile Data Traffic by Geographic Region (in %) for 2019 and 2022
  • Exhibit 23: Worldwide Mobile Data Traffic by Device Type (in %) for 2016, 2018 and 2020
  • Projected Rise in New LTE & LTE-Advanced Network Launches to Boost Market in Short to Medium Term Period
  • Exhibit 24: 4G Network Connections as % of Total Mobile Connections by Region for 2019 and 2025
  • Growing Industry Focus on Product & Service Quality Augurs Well for T&M Equipment Market
  • Advent of New Wi-Fi Standards Fuel Demand for Innovative Wireless Testing Devices
  • Electronic Test Equipment Market for Aerospace & Defense Industry
  • Military & Defense: A Market Laden with Tremendous Potential
  • Exhibit 25: Military Expenditure Worldwide in US$ Billion for the Years 2001 through 2018
  • Exhibit 26: Leading Countries Ranked by Defense Budgets in US$ Billion for 2019
  • Technology Trends in T&M Instruments Market for A&D Industry
  • mmWave
  • Modular Solutions
  • New Radio and Radars
  • 5G
  • NewSpace
  • Handheld/PorTable Testers
  • A&D Organizations Use T&M Capabilities in Multiple Domains
  • Cybersecurity
  • Weapon Systems
  • Missile Defense Systems
  • Satellites
  • Consumer Electronics Manufacturing Offers Plenty of Opportunities for T&M Instruments
  • Consumer Mobile Device Manufacturing: An Excellent Commercial Opportunity
  • Increasing Proliferation of Smartphones Sets the Platform for T&M Instruments Market
  • Exhibit 27: Worldwide Smartphone Sales (in Million Units) by Geographic Region/Country for the Years 2018 & 2022
  • Exhibit 28: Smartphone Adoption Worldwide by Region (in %): 2018 & 2025
  • Exhibit 29: Surging Smartphone Penetration: Smartphone Users as % of Global Population for the Period 2018-2022
  • Projected Rise in Demand for and Production of Automotive Electronics to Sustain Demand for T&M Instruments
  • Exhibit 30: Global Passenger Car Production (In Million Units) for the Years 2010, 2016, 2020, and 2024
  • Exhibit 31: Global Passenger Car Sales (In Million Units) for the Years 2010-2024
  • Exhibit 32: Measuring the Growing Importance of Electronics in Cars: Automotive Electronics as a Percentage of Vehicle Production Cost for the Years 2010, 2020 & 2030
  • Factors Influencing Adoption of T&M Instruments in Automotive Industry
  • Real-Time Measurements
  • Life Sciences: Potential for T&M Instruments Market
  • Major Challenges
  • Used T&M Instruments Gains Prominence, Hurting Market Prospects for New Products
  • Renting and Leasing of Test and Measurement Equipment, Denting Market Prospects for New Test & Measurement Equipment
  • Automated Testing Equipment & Virtual Instruments: Emerging Competition?
  • The Complex Hue of New Genre T&M Equipment Requirements
  • PRODUCT OVERVIEW
  • General Purpose Electronic T&M Instruments: A Definition
  • Types of General Purpose Electronic T&M Instruments
  • Multimeters
  • Logic Analyzers
  • Signal Generators
  • Radio Frequency Signal Generators
  • Microwave Signal Generators
  • Arbitrary Waveform Generators
  • Oscilloscopes
  • Types of Oscilloscopes
  • Digital Oscilloscopes
  • Types of Digital Oscilloscopes
  • Spectrum Analyzer
  • Network Analyzer
  • Extension-Based Instrumentation
  • Other T&M Instruments
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • Test and Measurement Instruments: A Mature Market
  • Communications Sector: A Major Revenue Generator
  • Rise in Mobile Data Traffic Drives Demand for High-Speed Network Technologies
  • CANADA
  • JAPAN
  • Market Overview
  • CHINA
  • T&M Instruments Market in China: Poised for High Growth
  • Increasing Penetration of 4G Network Promises Growth for Test Equipment Market
  • Exhibit 33: Mobile Network Technology Mix in China (in %) for 2019
  • RF Test Equipment: Healthy Growth Outlook
  • Exhibit 34: Chinese RF Test Equipment Market: Breakdown of Revenues (in %) by End-Use Segment for 2019
  • RF Spectrum Analyzer Market: Expanding Communications Sectors Fuels Demand
  • Exhibit 35: Chinese RF Spectrum Analyzer Market Revenues Breakdown by End-Use Segment (in %) for 2019
  • Signal Generator Market: An Overview
  • Exhibit 36: Chinese RF Signal Generator Market: Breakdown of Revenues (in %) by End-Use Segment for 2019
  • Oscilloscopes Market Positioned for Growth
  • Competitive Scenario
  • Exhibit 37: Chinese General Purpose Electronic T&M Equipment Market: Sales Breakdown (in %) by Leading Players for 2019
  • Exhibit 38: Chinese Oscilloscopes Market Share Breakdown of Value Sales by Leading Players: 2019
  • Exhibit 39: RF Test Equipment Market in China: Market Share Breakdown of Revenues by Leading Players for 2019
  • EUROPE
  • Market Overview
  • Western Europe T&M Equipment Market: An Overview
  • Multimeter
  • Exhibit 40: Western Europe Multimeters Market Breakdown of Value Sales (in %) by End-Use Segment for 2019
  • Logic Analyzers
  • Signal Generator
  • Oscilloscopes
  • Exhibit 41: Western Europe Oscilloscopes Market by End-Use Segment (in %) for 2019
  • Spectrum Analyzers
  • Exhibit 42: Western Europe Spectrum Analyzers Market: Breakdown of Value Sales (in %) by End-Use Segment for 2019
  • Network Analyzers
  • Electronic Counters
  • Exhibit 43: Western Europe Electronic Counters Market Sales Breakdown (in %) by End-Use Segment for 2019
  • RF Power Meter
  • Competitive Landscape
  • Exhibit 44: Western Europe Electronic Counters Market: Breakdown of Revenues by Company for 2019
  • Exhibit 45: Western Europe Network Analyzers Market Breakdown of Revenues (in %) by Company for 2019
  • Exhibit 46: Western Europe Logic Analyzers Market Breakdown of Share by Company for 2019
  • Exhibit 47: Western Europe Signal Generators Market Share Breakdown of Revenues by Company for 2019
  • Exhibit 48: Western Europe Oscilloscopes Market Breakdown of Revenues (in %) by Company: 2019
  • Exhibit 49: Western Europe RF Power Meter Market Share Breakdown of Revenues by Competitor: 2019
  • Exhibit 50: Leading Players in Western Europe Multimeters Market: Percentage Breakdown of Revenue by Company for 2019
  • FRANCE
  • GERMANY
  • ITALY
  • T&M Instruments Industry: An Overview
  • End-Use Industry Profile
  • UNITED KINGDOM
  • SPAIN
  • Electronic Test and Measurement Instruments Market: An Overview
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Advancements in Communication Infrastructure Drives Test Equipment Market Growth
  • Strong Mobile Device Manufacturing Activity to Boost Demand for Wireless Test Equipment
  • AUSTRALIA
  • INDIA
  • India: An Emerging Hot Spot for Growth in T&M Instruments Market
  • The Road Ahead…
  • Key Trends & Growth Drivers
  • Oscilloscopes & Signal Generators: High Growth Prospects
  • Exhibit 51: Indian Signal Generators Market Revenue Breakdown (in %) by End-Use Segment for 2019
  • Exhibit 52: Indian Oscilloscopes Market: Breakdown of Revenues by End-Use Segment for 2019
  • Digital Technology Scores over Analog Technology in Oscilloscopes
  • Hybrid Technology Gains Popularity
  • Spectrum Analyzers Make a Mark
  • New Trends Mark Network Analyzers Market
  • Exhibit 53: Indian Network Analyzers Market Breakdown of Revenues (in %) by End-Use Segment for 2019
  • Health of Electronics and Communication Industries Key to T&M Instruments Market
  • New Technological Trends Drive Lucrative Growth Opportunities
  • Increased Spending on Defense Forces Boost T&M Instruments Market
  • Challenges to Reckon With
  • Competitive Scenario
  • Exhibit 54: Indian Electronic Counters Market Breakdown of Value Sales (in %) for Leading Players for 2019
  • Exhibit 55: Indian Network Analyzers Market Breakdown of Value Sales (in %) for Leading Players for 2019
  • Exhibit 56: Indian Digital Oscilloscopes Market Share Breakdown of Value Sales by Leading Players for 2019
  • Exhibit 57: Indian Spectrum Analyzers Market: Breakdown of Sales (in %) by Company for 2019
  • Exhibit 58: Indian Multimeters Market Share Breadkown of Value Sales by Company: 2019
  • Exhibit 59: Indian Power Meters Market: Breakdown of Value Sales (in %) by Company for 2019
  • Exhibit 60: Indian Signal Generators Market by Company (in %) for 2019
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Market Overview
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 165
Note: Product cover images may vary from those shown
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