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

  • ID: 338803
  • Report
  • February 2022
  • Region: Global
  • 702 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Advantest Corporation
  • AstroNova, Inc.
  • Boonton Electronics
  • Fortive Corporation
  • Ideal Industries, Inc.
  • Spanawave Corporation

Global General Purpose Electronic Test and Measurement Instruments Market to Reach $9 Billion by 2024


Electronic Test and Measurement (T&M) instruments industry has long established itself as an indispensable platform for validating functioning and performance of a wide gamut of electronic products, right from the product design, development and architecture stage to production testing, and pre and post market testing & support stage. With electronic gadgets shrinking in size, being equipped with advanced wireless capabilities, the complexity of the devices has been increasing. As a result, testing has become a highly complicated process for manufacturing, presenting a major opportunity for testing manufacturers. Amid the COVID-19 crisis, the global market for General Purpose Electronic Test and Measurement Instruments is projected to reach US$9 Billion by 2024, registering a compounded annual growth rate (CAGR) of 5.2% over the analysis period. United States represents the largest regional market for General Purpose Electronic Test and Measurement Instruments, accounting for an estimated 31.6% share of the global total. The market is projected to reach US$2.8 Billion by the close of the analysis period. China is expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 8.5% over the analysis period.

Growth in the global market is set to be driven by increasing modular T&M equipment adoption. Another important growth promoting factor for the market has been the increasing demand for the equipment from the fast growing telecommunications industry worldwide. This industry applies general purpose electronic test and measurement instruments for testing protocols and standards for LTE networks primarily. Continued expansion of data traffic, increasing smartphone penetration, growing broadband services adoption, and 5G technology are the important factors that would continue to boost demand for GPTE from this market. The United States represents the largest regional market, driven by rising demand for T&M instruments, growing disposable incomes of households and increasing manufacturing capabilities of the automotive industry. Vast population base, rising disposable incomes, stable manufacturing activity, thriving telecom sector, and strong penetration of advanced mobile devices in several Asian countries make the region a market laden with tremendous potential for test equipment. Robust growth of the communication industry, expanding 4G network, and proposed rollouts of 5G networks are fueling growth in the Asia-Pacific T&M equipment market.

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

FEATURED COMPANIES

  • Advantest Corporation
  • AstroNova, Inc.
  • Boonton Electronics
  • Fortive Corporation
  • Ideal Industries, Inc.
  • Spanawave Corporation

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
  • 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
  • Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2018 through 2021
  • Manufacturing PMI: An Important Bellwether
  • 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
  • Global General Purpose Test & Measurement Market Revenues Breakdown (in %) by Company: 2019
  • Global Oscilloscopes Market Share Breakdown of Leading Players for 2019
  • Global Digital Storage Oscilloscopes Market Share Breakdown by Competitor: 2019
  • Electronic Counters Market Worldwide: Market Share Breakdown of Revenues by Leading Players for 2019
  • Global Logic Analyzers Market Revenue Share Breakdown (in %) by Company for 2019
  • Global Network Analyzers Market Revenue Breakdown (in %) by Leading Competitors: 2019
  • Global Spectrum Analyzers Market Revenue Share Breakdown by Company: 2019
  • Global Power Meters Market Share Breakdown (in %) by Company for 2019
  • Global Multimeters Market: Sales Breakdown (in %) by Competitor for 2019
  • Recent Market Activity
  • General Purpose Electronic Test and Measurement Instruments - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • 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
  • 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
  • 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
  • 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
  • Global VXI Test and Measurement Equipment Market Revenue Share Breakdown by Product Segment for 2019
  • PXI Test Instruments: A Market Insight
  • PXI Express
  • 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
  • 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
  • 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
  • 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
  • Global Mobile Data Traffic in Exabytes per Month for the Period 2017-2022
  • Global Mobile Data Traffic by Geographic Region (in %) for 2019 and 2022
  • 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
  • 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
  • Military Expenditure Worldwide in US$ Billion for the Years 2001 through 2018
  • 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
  • Worldwide Smartphone Sales (in Million Units) by Geographic Region/Country for the Years 2018 & 2022
  • Smartphone Adoption Worldwide by Region (in %): 2018 & 2025
  • 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
  • Global Passenger Car Production (In Million Units) for the Years 2010, 2016, 2020, and 2024
  • Global Passenger Car Sales (In Million Units) for the Years 2010-2024
  • 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

  • General Purpose Electronic Test and Measurement Instruments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • 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

  • General Purpose Electronic Test and Measurement Instruments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview

CHINA

  • General Purpose Electronic Test and Measurement Instruments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • T&M Instruments Market in China: Poised for High Growth
  • Increasing Penetration of 4G Network Promises Growth for Test Equipment Market
  • Mobile Network Technology Mix in China (in %) for 2019
  • RF Test Equipment: Healthy Growth Outlook
  • Chinese RF Test Equipment Market: Breakdown of Revenues (in %) by End-Use Segment for 2019
  • RF Spectrum Analyzer Market: Expanding Communications Sectors Fuels Demand
  • Chinese RF Spectrum Analyzer Market Revenues Breakdown by End-Use Segment (in %) for 2019
  • Signal Generator Market: An Overview
  • Chinese RF Signal Generator Market: Breakdown of Revenues (in %) by End-Use Segment for 2019
  • Oscilloscopes Market Positioned for Growth
  • Competitive Scenario
  • Chinese General Purpose Electronic T&M Equipment Market: Sales Breakdown (in %) by Leading Players for 2019
  • Chinese Oscilloscopes Market Share Breakdown of Value Sales by Leading Players: 2019
  • RF Test Equipment Market in China: Market Share Breakdown of Revenues by Leading Players for 2019

EUROPE

  • General Purpose Electronic Test and Measurement Instruments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • Western Europe T&M Equipment Market: An Overview
  • Multimeter
  • Western Europe Multimeters Market Breakdown of Value Sales (in %) by End-Use Segment for 2019
  • Logic Analyzers
  • Signal Generator
  • Oscilloscopes
  • Western Europe Oscilloscopes Market by End-Use Segment (in %) for 2019
  • Spectrum Analyzers
  • Western Europe Spectrum Analyzers Market: Breakdown of Value Sales (in %) by End-Use Segment for 2019
  • Network Analyzers
  • Electronic Counters
  • Western Europe Electronic Counters Market Sales Breakdown (in %) by End-Use Segment for 2019
  • RF Power Meter
  • Competitive Landscape
  • Western Europe Electronic Counters Market: Breakdown of Revenues by Company for 2019
  • Western Europe Network Analyzers Market Breakdown of Revenues (in %) by Company for 2019
  • Western Europe Logic Analyzers Market Breakdown of Share by Company for 2019
  • Western Europe Signal Generators Market Share Breakdown of Revenues by Company for 2019
  • Western Europe Oscilloscopes Market Breakdown of Revenues (in %) by Company: 2019
  • Western Europe RF Power Meter Market Share Breakdown of Revenues by Competitor: 2019
  • Leading Players in Western Europe Multimeters Market: Percentage Breakdown of Revenue by Company for 2019

FRANCE

  • General Purpose Electronic Test and Measurement Instruments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • General Purpose Electronic Test and Measurement Instruments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

  • T&M Instruments Industry: An Overview
  • End-Use Industry Profile

UNITED KINGDOM

  • General Purpose Electronic Test and Measurement Instruments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN

  • Electronic Test and Measurement Instruments Market: An Overview

RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • General Purpose Electronic Test and Measurement Instruments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Advancements in Communication Infrastructure Drives Test Equipment Market Growth
  • Strong Mobile Device Manufacturing Activity to Boost Demand for Wireless Test Equipment

AUSTRALIA

  • General Purpose Electronic Test and Measurement Instruments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • General Purpose Electronic Test and Measurement Instruments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • 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
  • Indian Signal Generators Market Revenue Breakdown (in %) by End-Use Segment for 2019
  • 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
  • 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
  • Indian Electronic Counters Market Breakdown of Value Sales (in %) for Leading Players for 2019
  • Indian Network Analyzers Market Breakdown of Value Sales (in %) for Leading Players for 2019
  • Indian Digital Oscilloscopes Market Share Breakdown of Value Sales by Leading Players for 2019
  • Indian Spectrum Analyzers Market: Breakdown of Sales (in %) by Company for 2019
  • Indian Multimeters Market Share Breadkown of Value Sales by Company: 2019
  • Indian Power Meters Market: Breakdown of Value Sales (in %) by Company for 2019
  • Indian Signal Generators Market by Company (in %) for 2019

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • General Purpose Electronic Test and Measurement Instruments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
  • Market Overview

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • General Purpose Electronic Test and Measurement Instruments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • General Purpose Electronic Test and Measurement Instruments Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 165
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 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