The future of the general purpose electronic test & measurement instrument market looks promising with opportunities in the communication, industrial, aerospace & defense, electronics & semiconductor markets. The general purpose electronic test & measurement instrument market is expected to reach an estimated $48 billion by 2030 with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are increasing acceptance of IoT devices, growing need for accurate electrical signal measurement and analysis, and rising demand for measurement and testing tools in several fields such as telecommunications, consumer electronics, and others.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the general purpose
electronic test & measurement instrument market by product (oscilloscop,
spectrum analyzer, signal generator, network analyzer, multimeter, and others),
end use (communication, industrial, aerospace & defense, electronics &
semiconductor, and others), and region (North America, Europe, Asia Pacific,
and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market,
oscilloscope, spectrum analyzer, signal generator, network analyzer, and
multimeter are the major segments of general purpose electronic test &
measurement instrument market by application type. Lucintel forecasts that
oscilloscope will remain the largest segment over the forecast period.Within
this market, communication is expected to witness the highest growth because it
ensures reliable and efficient communication.
APAC will remain the
largest region over the forecast period because of high adoption in
communication, industrial, medical devices, electronics and semiconductors
sectors.
Anritsu, Rohde &
Schwarz, National Instruments, Keysight Technologies, and Teledyne Technologies
are the major suppliers in the general purpose electronic test & measurement
instrument market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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