Global Electrical Testers Market 2017-2021

New Report Released: - Global Electrical Testers Market 2017-2021

The author of the report recognizes the following companies as the key players in the global electrical testers market: Fluke, Keysight Technologies, Rohde & Schwarz, and Tektronix.

Other Prominent Vendors in the market are: B&K Precision, EXFO, Metrel, National Instruments, TESSCO, and Yokogawa Electric.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is rapid industrialization in APAC. Industrial production is the prime growth driver for the global economy, contributing as much as 26% to the global GDP in 2014. Global economic growth has been recovering considerably since the downturn in 2008, driven particularly by the robust growth in manufacturing in most regions. The average manufacturing value added by countries such as India, China, and Indonesia expanded by 5% in 2014 while, in contrast, that of the developed countries stood at 1%.”

According to the report, one of the major drivers for this market is growth of semiconductor industry. The semiconductor industry makes use of electrical testers. The strong growth of the semiconductor and electronics industry in APAC is driving the growth of the market. The major reason for the boom in these sectors is due to the growing penetration of smartphones.

Further, the report states that one of the major factors hindering the growth of this market is uncertainty in global economic growth. Fluctuations in the global economy, especially in regions with a high number of original design manufacturers (ODMs) and original equipment manufacturers (OEMs) of electrical and electronic devices, reduce the credit available to manufacturers and raise the interest rates. The increase in interest rates leads to higher cost of manufacturing, thus raising the price of the product. Higher prices impact market demand, which may negatively affect the net sales revenue of vendors.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.