Global Electronic Load Market Size is Projected to Reach USD 4.0 Billion by 2024, from an Estimated Value of USD 3.0 Billion in 2019 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Electronic Load Market by Voltage (Low, High), Current Type (AC, DC), Application (Aerospace, Defense & Government Services, Automotive, Energy, Wireless Communication and Infrastructure, and Others), Region- Global Trends and Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The global electronic load market is projected to reach USD 4.0 billion by 2024, at a CAGR of 6.3% from 2019 to 2024

The global electronic load market size is projected to reach USD 4.0 billion by 2024 from an estimated market size of USD 3.0 billion in 2019, at a CAGR of 6.3% during the forecast period. Increasing investments in aerospace, defense & government services for developing technologically advanced aircraft, space and defense systems is expected to drive the growth of this market.

The low voltage segment is expected to grow at the highest CAGR during the forecast period

The electronic load market, by voltage, is segmented into low and high voltage electronic load. The low voltage electronic load segment is increasing because of the rising usage of portable devices and the growing need for testing the reliability of a power source. North America is the largest market for low voltage electronic load during the forecast period as the region has the highest adoption rate of electronic loads to test electronic components.

The wireless communication and infrastructure segment is expected to be the largest market for electronic load from 2019 to 2024

Wireless communication and infrastructure accounted for the highest share of the global electronic load market in 2018. The growth of this application is driven by the rising need to test power supplies for the efficient operation of wireless communication. It is also driven by an increase in investments for the deployment of 5G technology.

North America is expected to lead in the electronic load market

North America is the largest market for electronic load during the forecast period. The region has been segmented by country into the US, Canada, and Mexico. The demand for electronic load in this region is driven mostly by applications such as aerospace, defense & government services, wireless communication, and automotive. The aerospace, defense & government services is the largest sector in North America during the forecast period as they produce technologically advanced aircraft and defense systems. This is supported further by the national governments' increasing defense spending and budget allocations. Moreover, this region also houses some of the major manufacturers who continuously focus on R&D to innovate new technologies.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.

Key Topics Covered:

1 Introduction

1.1 Objectives of the Study

1.2 Definition

1.2.1 Electronic Load Market, By Voltage: Inclusions & Exclusions

1.2.2 Electronic Load Market, By Current Type: Inclusions & Exclusions

1.2.3 Electronic Load Market, By Application: Inclusions & Exclusions

1.3 Market Scope

1.3.1 Market Segmentation

1.3.2 Regional Scope

1.4 Years Considered for the Study

1.5 Currency

1.6 Limitations

1.7 Stakeholders

2 Research Methodology

2.1 Research Data

2.1.1 Secondary Data

2.2 Scope

2.3 Market Size Estimation

2.3.1 Supply-Side Analysis

2.3.2 Demand Analysis

2.3.3 Forecast

2.4 Market Breakdown and Data Triangulation

2.5 Primary Insights

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Electronic Load Market

4.2 Electronic Load Market, By Region

4.3 North American Electronic Load Market, By End-User & Country

4.4 Electronic Load Market, Voltage

4.5 Electronic Load Market, By Current Type

4.6 Electronic Load Market, By Application

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.2 Restraints

5.2.3 Opportunities

5.2.4 Challenges

6 Electronic Load Market, By Voltage

6.1 Introduction

6.2 High Voltage

6.3 Low Voltage

7 Electronic Load Market, By Current Type

7.1 Introduction

7.2 AC

7.3 DC

8 Electronic Load Market, By Application

8.1 Introduction

8.2 Aerospace, Defense & Government Services

8.3 Automotive

8.4 Energy

8.5 Wireless Communication and Infrastructure

8.6 Others

9 Electronic Loads Market, By Region

9.1 Introduction

9.2 North America

9.3 Asia Pacific

9.4 Europe

9.5 Middle East & Africa

10 Competitive Landscape

10.1 Overview

10.2 Market Share, 2018

10.3 Competitive Scenario

10.4 Competitive Leadership Mapping

11 Company Profile

11.1 Keysight Technologies

11.2 Ametek

11.3 National Instruments

11.4 Chroma Ate

11.5 Teledyne Technologies

11.6 Good Will Instrument

11.7 Rigol Technologies

11.8 B&K Precision

11.9 Tektronix

11.10 Kikusui Electronics

11.11 Matsusada Precision

11.12 Magna-Power Electronics

11.13 NH Research

11.14 Beich Electronics

11.15 Itech Electronics

11.16 Ainuo Instrument

11.17 NF Corporation

11.18 Höcherl & Hackl

11.19 Array Electronics

11.20 Spellman High Voltage Electronics

11.21 Siglent Technologies

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