Electronic Test Equipment Market to Surpass $4 Billion Revenue by 2024
This research service provides a detailed analysis of the current and evolving opportunities in the aerospace and defense (A&D) industry for the electronic test equipment market. The global electronic test equipment market for A&D will undergo a significant transformation over the next 5 to 8 years with the advent of new technologies changing customer requirements. Leading A&D vendors are working toward higher frequencies, greater bandwidth availability, and multi-channel solutions and adding functionality to their existing systems. The adoption of new technologies such as IIoT or Industry 4.0 and changing customer requirements will lead to the adoption of new business models by test and measurement vendors. This assessment includes forecasts, an overview of the competitive structure, competitors’ market share, market trends, and product analysis. Market drivers and restraints have been assessed for their impact throughout the forecast period. This research service identifies key opportunities for growth while detailing key challenges and possible threats. The forecast period is from 2018 to 2024, with 2017 as the base year.
Research Scope
The electronic test equipment (ETE) market has been analyzed based on product categories used in test and measurement applications across the A&D industry.
The product categories include:
- General Purpose Test
- Avionics Automated Test
- Data Acquisition Test
- Electrical Test
- Environmental Test
The current market size for 2017 is provided for each segment and is forecasted till 2024. The study highlights industry challenges and growth drivers and restraints from 2018 to 2024 as well as analyzes the market from a geographic perspective.
The regions covered in the study include:
- North America
- Europe
- Asia-Pacific
- Rest of World - includes Latin America, the Middle East, and Africa
Key Issues Addressed
- Is the market growing? How long will it continue to grow and at what rate?
- Which of the electronic test equipment product market segments is presenting major growth opportunities?
- What are the latest key technological trends present in the global electronic test equipment market i for aerospace and defense industry? What impact do these trends have on the industry?
- What are the critical business model transformations which T&M providers can expect in the future and when should they strategically initiate these shifts?
- Are the products/services offered today meeting customer needs, or is there additional development needed?
- Which regions are expected to provide the highest growth potential for the future? Can North America sustain its position as a key revenue contributor in the face of rising global competition?
