Source Measure Unit Market by Form Factor (Benchtop and Modular), Application (Semiconductor Devices and Precision Electronics), End-User Industry (IT & Telecommunications, Automotive & Process Industries), Type & Geography

Demand for electronic testing equipment to fuel source measure unit market growth

The source measure unit market is estimated to grow from USD 746.7 million in 2018 to USD 1,102.1 million by 2023, growing at a CAGR of 8.10% between 2018 and 2023. The market is growing due to the increasing demand for electronic testing equipment in end-user industries such as automotive, aerospace & defense, IT & telecommunications, education and government, process industries, and healthcare.

Output oscillations, ringing, overshoots, and poor transient response times are the drawbacks of source measure units in the case where the system configuration for the device under test is inappropriate. For instance, depending on the load capacitance, the current output voltage bandwidth needs to be selected carefully to avoid output oscillations and poor transient response.

Growing market for electric vehicles and plug-in hybrid electric vehicles propels source measure unit market growth

The need for using the green and renewable resource is largely responsible for the increased adoption of electric vehicles in the recent years. Research, development, and deployment (RD&D), as well as mass production prospects, lead to the rapid decline in the battery cost and increase in energy density. An SMU allows EV manufacturers to simulate the voltage fluctuations of the electronic devices and sensors in the vehicle. SMUs will prove to be critical electronic equipment for the new and improved designs in the electric and plug-in hybrid electric vehicles.

APAC and North America are the major markets for source measure units

In 2017, APAC held the largest market share. Several OEMs and semiconductor device and product manufacturers are situated in Asia Pacific. The growing demand for source measure units is attributed to the increasing number of smartphones and continuous upgrading of next-generation telecommunication standards. Moreover, favorable regulatory policies for the approval of new semiconductor technologies and the saturation of the market in developed countries are further intensifying the interest of foreign players in expanding in Asia Pacific. The market in North America is expected to be driven by the demand from the telecommunications and aerospace & defense industries. Furthermore, the shift toward connected cars and intelligent transportation systems, along with the increasing demand for precision medical devices in the healthcare industry is expected to drive the source measure unit market in this region.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key experts. The breakup of the profiles of primary participants is given below:

By Company Type: Tier 1 = 50%, Tier 2 = 33%, and Tier 3 = 17%
By Designation: C-Level Executives = 22%, Directors = 27%, and Others = 51%
By Region: North America = 20%, Europe = 40%, APAC = 10%, and RoW = 30%

Key players profiled in this report are Fortive Corporation (US), Rohde & Schwarz GmbH & Co KG (Germany), Keysight Technologies (US), Yokogawa Electric Corporation (Japan), and National Instruments Corporation (US). Some other companies operating in the source measure unit market are Advantest Corporation (Japan), Viavi Solution, Inc. (US), Chroma ATE Inc. (Taiwan), VX Instruments (Germany), and Teradyne (US).

Research Coverage

The report estimates the size and growth potential of the source measure unit market across segments such as type, form factor, application, end-user industry, and geography. Furthermore, the report includes market dynamics and the competitive analysis of the key players in the market, along with their company profiles and recent developments.

Key Benefits of Buying This Report

The report would help leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the source measure unit market segments and subsegments. This report would help stakeholders better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. This report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

1 Introduction

1.1 Objectives of the Study
1.2 Definition
1.3 Scope of the Study
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Year Considered for the Study
1.4 Currency and Pricing
1.5 Package Size
1.6 Stakeholders

2 Research Methodology

2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Sources
2.1.2.2 Breakdown of Primaries
2.1.2.3 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
2.5 Scope of the Report

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in Source Measure Unit Market
4.2 Benchtop Source Measure Unit Market, By Application
4.3 Source Measure Unit Market, By End-User Industry and Country
4.4 Source Measure Unit Market, By Country

5 Market Overview

5.1 Introduction
5.2 Major Clustering of Product Category
5.2.1 Performance
5.2.2 Precision
5.2.3 Power Range
5.2.4 Quadrant
5.2.4.1 Analysis of Product Competitiveness
5.3 Value Chain Analysis
5.3.1 Research & Development
5.3.2 Manufacturing and Assembly
5.3.3 Distribution and End Users
5.3.4 Post-Sales Services
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Rising Adoption of Source Measure Units Owing to Their High Level of Integration and Remarkable Flexibility
5.4.1.2 Growing Market for Electric Vehicles (EVS) and Plug-In Hybrid Electric Vehicles (PHEVS)
5.4.1.3 Continuously Evolving Solutions for Test and Measurement of Power Electronics and Passive Components
5.4.1.4 Growing IoT Market Leverage SMUs for Device Testing
5.4.2 Restraints
5.4.2.1 Output Oscillations, Overshoots, and Poor Transient Response
5.4.3 Opportunities
5.4.3.1 Adoption of High-Density SMUs for Testing
5.4.4 Challenges
5.4.4.1 Impact of Strong Rf Electromagnetic Field on the Accuracy of SMUs
5.4.4.2 Increased Adoption of Rental and Leasing Services
5.5 Megatrends

6 Source Measure Unit Market, By Type

6.1 Introduction
6.2 Precision Source Measure Units
6.3 General-Purpose Source Measure Units
6.4 Application-Specific Source Measure Units

7 Source Measure Unit Market, By Form Factor

7.1 Introduction
7.2 Benchtop
7.3 Modular

8 Source Measure Unit Market, By Application

8.1 Introduction
8.2 Semiconductor Devices
8.3 Sensors
8.4 Light-Emitting Diodes
8.5 Green Energy Products
8.6 Precision Electronics
8.7 Nanomaterials

9 Source Measure Unit Market, By End-User Industry

9.1 Introduction
9.2 IT and Telecommunications
9.3 Automotive
9.4 Healthcare
9.5 Aerospace & Defense
9.6 Education and Government
9.7 Process Industries

10 Geographic Analysis

10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of APAC
10.5 Rest of the World (RoW)
10.5.1 Middle East & Africa
10.5.2 South America

11 Competitive Landscape

11.1 Overview
11.2 Source Measure Unit Market Analysis
11.3 Competitive Situations and Trends
11.3.1 Product Launches and Developments
11.3.2 Acquisitions

12 Company Profiles

12.1 Introduction
12.2 Keysight
12.3 Fortive
12.4 Rohde & Schwarz
12.5 National Instruments
12.6 Yokogawa Electric
12.7 Advantest
12.8 Viavi
12.9 Chroma
12.10 Teradyne
12.11 VX Instruments

13 Appendix

13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details

List of Tables:

Table 1 Source Measure Unit Market, By Type, 2015–2023 (USD Million)
Table 2 Source Measure Unit Market, By Form Factor, 2015–2023 (USD Million)
Table 3 Source Measure Unit Market, By Form Factor, 2015–2023 (Thousand Units)
Table 4 Benchtop Source Measure Unit Market, By Application, 2015–2023 (USD Million)
Table 5 Modular Source Measure Unit Market, By Application, 2015–2023 (USD Million)
Table 6 Source Measure Unit Market, By Application, 2015–2023 (USD Million)
Table 7 Source Measure Unit Market for Semiconductor Devices, By Form Factor, 2015–2023 (USD Million)
Table 8 Source Measure Unit Market for Sensors, By Form Factor, 2015–2023 (USD Million)
Table 9 Source Measure Unit Market for Light-Emitting Diodes, By Form Factor, 2015–2023 (USD Million)
Table 10 Source Measure Unit Market for Green Energy Products, By Form Factor, 2015–2023 (USD Million)
Table 11 Source Measure Unit Market for Precision Electronics, By Form Factor, 2015–2023 (USD Million)
Table 12 Source Measure Unit Market for Nanomaterials, By Form Factor, 2015–2023 (USD Million)
Table 13 Source Measure Unit Market, By End-User Industry, 2015–2023 (USD Million)
Table 14 Source Measure Unit Market for IT & Telecommunications, By Region, 2015–2023 (USD Million)
Table 15 Source Measure Unit Market for Automotive, By Region, 2015–2023 (USD Million)
Table 16 Source Measure Unit Market for Healthcare, By Region, 2015–2023 (USD Million)
Table 17 Source Measure Unit Market for Aerospace & Defense, By Region, 2015–2023 (USD Million)
Table 18 Source Measure Unit Market Size for Education & Government, By Region, 2015–2023 (USD Million)
Table 19 Source Measure Unit Market for Process Industries, By Region, 2015–2023 (USD Million)
Table 20 Source Measure Unit Market, By Region, 2015–2023 (USD Million)
Table 21 Source Measure Unit Market in North America, By Country, 2015–2023 (USD Million)
Table 22 Source Measure Unit Market in North America, By End-User Industry, 2015–2023 (USD Million)
Table 23 Source Measure Unit Market in Europe, By Country, 2015–2023 (USD Million)
Table 24 Source Measure Unit Market in Europe, By End-User Industry, 2015–2023 (USD Million)
Table 25 Source Measure Unit Market in APAC, By Country, 2015–2023 (USD Million)
Table 26 Source Measure Unit Market in APAC, By End-User Industry, 2015–2023 (USD Billion)
Table 27 Source Measure Unit Market in RoW, By Region, 2015–2023 (USD Million)
Table 28 Source Measure Unit Market in RoW, By End-User Industry, 2015–2023 (USD Million)
Table 29 Product Launches and Developments, 2016–2018
Table 30 Acquisitions, 2018

List of Figures:

Figure 1 Markets Covered
Figure 2 Research Flow
Figure 3 Research Design
Figure 4 Data Triangulation
Figure 5 Benchtop SMU to Dominate Market During Forecast Period
Figure 6 Precision Source Measure Units to Hold Largest Market Size By 2023
Figure 7 Process Industries Expected to Be Major End Users of Source Measurement Units Between 2018 and 2023
Figure 8 Semiconductor Devices Application to Hold Largest Market Size By 2023
Figure 9 Market in APAC Expected to Grow at Highest CAGR During Forecast Period
Figure 10 High Adoption of Source Measure Units for Semiconductor Devices Application to Offer Attractive Market Opportunities During Forecast Period
Figure 11 Semiconductor Devices Application to Hold Largest Share of Bench SMU Market in 2018
Figure 12 US to Hold Largest Share of Source Measure Unit Market in 2018
Figure 13 China to Hold Second-Largest Share of the Source Measure Unit Market in 2018
Figure 14 Source Measure Unit (SMU) Features and Benefits
Figure 15 Overview of Product Competitiveness
Figure 16 Value Chain: Source Measure Unit Market
Figure 17 Market Dynamics
Figure 18 IoT Device Volume Growth, 2015 vs 2020 (Million Units)
Figure 19 Mega Trends: Source Measure Unit Market
Figure 20 Source Measure Unit Market Segmentation, By Type
Figure 21 Source Measure Unit Market, By Type, 2018 & 2023
Figure 22 Source Measure Unit Market Segmentation, By Form Factor
Figure 23 Benchtop Source Measure Units to Hold Larger Market Size During 2016–2018
Figure 24 Source Measure Unit Market Segmentation, By Application
Figure 25 Process Industries Segment Accounted for Largest Size of Source Measure Unit Market in 2017
Figure 26 APAC to Emerge as Key Growth Region for Source Measure Unit Market During Forecast Period
Figure 27 APAC Region to Witness Highest CAGR in Source Measure Unit Market During Forecast Period
Figure 28 Source Measure Unit Market Snapshot in North America
Figure 29 Source Measure Unit Market Snapshot in Europe
Figure 30 Source Measure Unit Market Snapshot in APAC
Figure 31 Market Share Analysis of Key Players in Source Measure Unit Market, 2016
Figure 32 Market Evolution Framework
Figure 33 Keysight: Company Snapshot
Figure 34 Fortive: Company Snapshot
Figure 35 Rohde & Schwarz: Company Snapshot
Figure 36 National Instruments: Company Snapshot
Figure 37 Yokogawa Electric: Company Snapshot
Figure 38 Advantest: Company Snapshot
Figure 39 Viavi: Company Snapshot
Figure 40 Chroma: Company Snapshot
Figure 41 Teradyne: Company Snapshot

Samples

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Executive Summary

Companies Mentioned

Keysight
Fortive
Rohde & Schwarz
National Instruments
Yokogawa Electric
Advantest
Viavi
Chroma
Teradyne
VX Instruments

Table Information

Report Attribute	Details
No. of Pages	132
Published	May 2018
Forecast Period	2018 - 2023
Estimated Market Value ( USD ) in 2018	$ 746.7 million
Forecasted Market Value ( USD ) by 2023	$ 1102.1 million
Compound Annual Growth Rate	8.1%
Regions Covered	Global
No. of Companies Mentioned	10

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Source Measure Unit Market by Form Factor (Benchtop and Modular), Application (Semiconductor Devices and Precision Electronics), End-User Industry (IT & Telecommunications, Automotive & Process Industries), Type & Geography - Global Forecast to 2023

Table of Contents

Samples

Executive Summary

Companies Mentioned

Table Information

Table of Contents

Samples

Executive Summary

Companies Mentioned

Table Information

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