This research report titled ‘Global Test and Measurement Equipment Market 2016-2020’, provides an in-depth analysis of market growth in terms of revenue and emerging market trends. To calculate the market size, the report considers the demand for T&M equipment from various end-users.
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“The global T&M market is likely to grow rapidly during the forecast period owing to increased need from the communications industry for wireless and wireline networks. Technological advances in the industry in the form of 4G/long-term evolution (LTE), and the adoption of IoT have prompted operators to enhance T&M activities. These activities help develop new services at low costs, and deliver superior quality, which eventually increases productivity across network cycles,” said Amrita Choudhury, one of Technavio’s lead analysts for test and measurement equipment research.
Global T&M market by product segments 2015
- Wireless test equipment 34.41%
- GPTE 26.91%
- Semiconductor and test equipment 22.22%
- Real-time test equipment 16.46%
Global wireless test equipment market: largest segment
The global wireless test equipment market was valued at over USD 6 billion in 2015. The increase in demand for mobile/wireless devices is expected to fuel the demand for wireless T&M equipment. These devices help mobile phone vendors to test their products based on major technology formats such as LTE-A, LTE, GSM, GPRS, and WiMAX. The global smartphone market, in term of units sold, stood at USD 1.54 billion in 2015, and it is expected to reach close to USD 1.76 billion by 2017. India is expected to become the second-largest market for smartphones during the forecast period, overtaking the US. By 2017, Technavio predicts that India, China, and the US will contribute close to 45% in the global smartphone market. Increase in sales of mobile devices is expected to further drive the demand for wireless test equipment.
The emergence of 5G technology is likely to increase the demand for T&M equipment during the forecast period in developed economies such as the US and Europe. Developing economies such as India, Indonesia, and Vietnam are on the verge of shifting from 3G to 4G networks, and this factor is driving the demand for wireless T&M equipment. For instance, In India, BSNL, which is a key player is expected to invest around USD 2.5 billion during 2016-2017 for the development of its 4G network, expansion of broadband coverage, and enhancement of network quality.
Global GPTE market: second largest segment
The global GPTE market was valued at USD 5.1 billion in 2015. GPTE includes different testing and measuring equipment such as oscilloscopes, multimeters, arbitrary waveform generators, logic analyzers, spectrum analyzers, power meters, electronic counters, and VXI/PXI-based instruments. Sectors such as communications, aerospace and defense, mechanical engineering, and electronics use this equipment to test their design prototypes or finished products to check conformity with the required specifications and ascertain whether the devices fulfill the intended purpose.
The global GPTE market is expected to grow steadily during the forecast period because of certain emerging trends that are anticipated to propel market growth over the next few years. The demand for integrated test equipment, which has increased significantly, is one such trend. End-users are therefore shifting from standalone test equipment to multifunctional test equipment for fulfilling their needs during the forecast period.
Global semiconductor test equipment market
The global semiconductor test equipment market was valued at close to USD 4.21 billion in 2015. The primary driver of the market is process automation in industries that require high-tech robots. The manufacture of a computer starts with the design and fabrication of tiny processors (chips) that are responsible for rapidly churning through millions of discrete computational steps that control each of those digital actions. Chip manufacturing involves the use of machines that subject silicon (Intel) wafers to extremely powerful vacuums, high-energy plasmas, caustic chemical baths, intense UV rays, and others, in a series of discrete manufacturing steps that turn them into memory chips, CPUs, and graphic processors.
These processes are not human-friendly, and most of the work takes place in sealed chambers where robotic arms move them from one processing station to another. Even a small error can ruin a CPU worth USD 400. Therefore, semiconductor manufacturing companies are unwilling to take such risks by eliminating chances of functional errors. The use of semiconductor test equipment can prevent such errors, and this is expected to spur the demand for automatic test equipment in the industry.
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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, re-sellers, and end-users.
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