Global General Purpose Electronic Test and Measurement Instruments Market to Reach $9.4 Billion by 2025

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Aug 08, 2022, 06:30 ET

DUBLIN, Aug. 8, 2022 /PRNewswire/ -- The "General Purpose Electronic Test and Measurement Instruments - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global General Purpose Electronic Test and Measurement Instruments Market to Reach $9.4 Billion by 2025
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$9.4 Billion by 2025, 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. Growth for the equipment from the communications sector would be faster than growth in electronics, semiconductors, aerospace, defense and industrial segments. In countries across the world, communication industries are also making investments in new networks development for coping with fast increasing IP traffic, which would bode well for the market. Data centers are also increasing in number in countries across the world. Micro-mobile data centers in particular are coming up for applications of edge computing, which is anticipated to boost GPTE demand further.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Signal Generators: Multifunctional, Compact Signal Generators Remain Indispensable for Test Engineers
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
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