DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Test and Measurement Market in South Korea 2016-2020" report to their offering.
The T&M market in South Korea to grow at a CAGR of 4.56% during the period 2016-2020.
TT&M market in South Korea 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
he T&M market in South Korea is a dynamic and steadily growing market. The use of T&M is growing in different high-tech sectors, which is enabling them to expand worldwide. T&M companies offer essential products and services to a wide range of end-users that help their customers to enhance quality, health, safety measures, productivity, and compliance in various applications.
South Korea is one of the key countries in the global T&M market, accounting for approximately 8.5% of the global T&M market. The presence of the large semiconductor, consumer electronic, communication, and automotive industries contributes to its high market share in the overall market.
Further, the report states that a major factor that Increased cost of testing due to complexity of products. IoT has resulted in the introduction of several wireless devices, namely, Wi-Fi, Bluetooth, Zig-Bee, and LTE. The proliferation of IoT devices has created a demand for advanced testing equipment due to the complexity of these devices. Growing complexity of electronic devices and the emergence of customized products catering to specific needs of end-users is one of the challenges faced by manufacturers of T&M equipment. This is because it is difficult to offer a testing solution that can accommodate different technologies. RF and wireless applications are becoming ubiquitous, and personnel involved with the testing of these devices need to keep abreast of emerging wireless protocols and standards.
Key vendors
- Fluke Corp.
- Keysights Technologies, Inc.
- Rohde & Schwarz GmbH
- Tektronix, Inc.
- Yokogawa Electric Corp.
Other prominent vendors
- Anite
- Tessco Technologies
- Ixia
- Siemens
- EXFO
- National Instruments
- Spirent Corporation
For more information visit http://www.researchandmarkets.com/research/l9nq99/test_and
