Top 3 Emerging Trends Impacting the Global General Purpose Test Equipment Market From 2017-2021: Technavio

Technavio has published a new report on the global general purpose test equipment (GPTE) market from 2017-2021. (Graphic: Business Wire)

???pagination.previous??? ???pagination.next???

LONDON--()--Technavio’s latest report on the global general purpose test equipment market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

The research study by Technavio on the global general purpose test equipment market for 2017-2021 provides a detailed industry analysis based on the product (oscilloscopes, spectrum analyzers, and signal generators), end-users (communication, aerospace and defense, and mechanical sectors), and geography (the Americas, APAC, and EMEA).

 
General purpose test equipment (GPTE) includes different testing and measuring (T&M) equipment such as oscilloscopes, spectrum analyzers, signal generators, power meters, logic analyzers, electronic counters, and multimeters. Technavio analysts forecast the global general purpose test equipment market to grow to USD 6.58 billion by 2021, at a CAGR of nearly 5% over the forecast period.
 

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

The top three emerging trends driving the global GPTE market according to Technavio heavy industry research analysts are:

  • Emergence of 5G network
  • Interoperability era for T&M equipment
  • Increase in outsourcing activities

Emergence of 5G network

The rise in the number of mobile users, loads of mobile networks, and the emergence of IoT has necessitated the development of 5G networks, which enable the use of unused frequency bands to transport large amounts of data,” says Anju Ajaykumar, a lead analyst at Technavio for test and measurement research.

The 5G networks are equipped with multi-point connectivity with distributed Multiple Input, Multiple Output (MIMO). The network operators collaborate with testing companies for the testing and development of 5G technology, which is expected to propel demand for GPTE market.

Interoperability era for T&M equipment

T&M equipment vendors supply equipment that is designed to work accurately with a variety of products. The customers often install the products themselves and show a preference towards devices with greater interoperability. T&M products made for home gateways, video monitors, home networking/automation, and smoke alarms products make use of GPTE equipment to ensure interoperability. Technavio analysts forecast a boost in the GPTE market, with set standards being installed to ensure interoperability.

Increase in outsourcing activities

The progress in technologies from 2G to more advanced technologies such as LTE and LTE-A has created the demand for continuous maintenance and quality testing of frequency and spectrum. Various vendors outsource the quality testing to external entities to ensure enhanced quality of service for their customers.

GPTE vendors benefit from the outsourcing testing and maintenance of equipment since it opens up new avenues for revenue generation for them. The expansion of their core business offerings means a clear growth for the market,” says Anju.

Browse Related Reports:

Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like construction, engineering tools, and unit operations. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio’s latest report on the global general purpose test equipment market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com