Global General Purpose Electronic Test and Measurement Instruments Market Expected to Reach $15.6 Billion by 2030, With a Strong CAGR of 9.6%

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Oct 13, 2023, 20:15 ET

DUBLIN, Oct. 13, 2023 /PRNewswire/ -- The "General Purpose Electronic Test and Measurement Instruments - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for General Purpose Electronic Test and Measurement Instruments, valued at US$7.5 billion in 2022, is poised for remarkable growth, with projections indicating it will reach US$15.6 billion by 2030, boasting a notable compound annual growth rate (CAGR) of 9.6% during the analysis period of 2022-2030. Digital Oscilloscopes and Extension-Based T&M Instruments are among the key segments driving this expansion.

Key Highlights from the Report:

Digital Oscilloscopes Leading Growth: Digital Oscilloscopes are expected to record an impressive CAGR of 8.4%, reaching a market value of US$3 billion by the end of the analysis period. This growth is fueled by the increasing demand for precise measurement and analysis of electronic signals.
Extension-Based T&M Instruments on the Rise: The Extension-Based T&M Instruments segment is estimated to grow at an even higher CAGR of 12.4% for the next eight years. This growth is driven by advancements in technology that require more specialized testing and measurement tools.
U.S. Market Valued at $2.3 Billion: The General Purpose Electronic Test and Measurement Instruments market in the United States is estimated to be valued at US$2.3 billion in 2022, reflecting the country's robust technological infrastructure.
China's Prominent Growth: China, the world's second-largest economy, is forecast to experience substantial growth, with a projected market size of US$2.2 billion by 2030, fueled by increased technological adoption and investment.
Global Competitive Landscape: The report features 221 key competitors in the General Purpose Electronic Test and Measurement Instruments market, including industry leaders such as Keysight Technologies, Tektronix, and Fluke Corporation.

Economic Outlook:

The global economic outlook is showing signs of improvement, with recovery expected in the coming years. Despite challenges such as uncertainty related to the war in Ukraine and persistent inflation in developing countries, governments are making efforts to stabilize their economies. The rise of new technologies, including AI, machine learning, cloud computing, and quantum technologies, is expected to drive significant incremental growth and value to global GDP.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Impact of COVID-19 Pandemic and Looming Global Recession; Living with COVID-19, the New Normal
Stagflation and Risk of Recession: New Challenges Emerge for the Global Market in 2022 & 2023
World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
Growth in Manufacturing Sector to Drive the Demand for Electronic T&M Instruments
Global PMI Index Points: Jan 2020 to Jan 2022
Pandemic Impact on General Purpose Electronic T&M Instruments
Competitive Scenario
What Does it Take To Survive in the Marketplace?
Manufacturers Resort to Product Commoditization
Harnessing the Internet: A Necessity
Application-Specific Functionality Gains Traction as a Competitive Ploy
Focus on Key Growth Areas
Pressure to Prune Down Costs & Increase Production Turnover Intensifies
Manufacturers Pushed Against the Wall to Make All the Right Cuts
Outsourcing of Testing Services Compels T&M Instrument Manufacturers to Focus on Service Providers as Key Customer Segment
General Purpose Electronic Test and Measurement Instruments - Global Key Competitors Percentage Market Share in 2023 (E)
Market Share Statistics
Global Oscilloscopes Market Share Breakdown of Leading Players for 2022
Global Digital Storage Oscilloscopes Market Share Breakdown by Competitor: 2022
Electronic Counters Market Worldwide: Market Share Breakdown of Revenues by Leading Players for 2022
Global Logic Analyzers Market Revenue Share Breakdown (in %) by Company for 2022
Global Network Analyzers Market Revenue Breakdown (in %) by Leading Competitors: 2022
Global Spectrum Analyzers Market Revenue Share Breakdown by Company: 2022
Global Power Meters Market Share Breakdown (in %) by Company for 2022
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
Electronic Test & Measurement Instruments: Indispensable for Validation of Performance and Functioning of Electronic Products
Despite Market Maturity, New Wave of Technologies and Next Generation Products Propel Growth in Electronics T&M Instruments Market
Global Test & Measurement Instruments Market by Product (in %) for 2022 and 2025
General Purpose Electronics T&M Market Poised for Healthy Growth
Developing Markets Continue to be Hotspots for Growth
Outsourced Manufacturing Activity Boosts Demand for T&M Instruments Market in Developing Countries
General Purpose Electronic T&M Instruments: Product Overview
Types of General Purpose Electronic T&M Instruments
Recent Market Activity
Select Global Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

General Purpose Electronic Test and Measurement Instruments Significance in Range of Industries
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
Signal Generators Innovations in the Recent Past
Rohde & Schwartz Launches RF/Microwave Signal Generators
Arbitrary Microwave Signal Generators from Astronics and Tektronix
Saelig's RF Signal Generators
Keysight's M9383A PXIe Microwave Signal Generator
Signal Hound's VSG25A Vector Signal Generator
RIGOL Launches New RF Signal Generators
Anritsu's MG3690C Analog Signal Generator
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
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
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
Global VXI Test and Measurement Equipment Market Revenue Share Breakdown by Product Segment for 2022
PXI Test Instruments: A Market Insight
PXI Express
Global PXI Test and Measurement Equipment Market Share Breakdown by Product Segment: 2022
Network Analyzers Market: An Overview
Broadband Millimeter-Wave Network Analyzer for Boosting Measurement Performance
Logic Analyzers Market
Steady Growth of Calibration and Repair Services
Big Data Analytics Solutions and Services
R&D in Electronic T&M Instruments Market over the Years
Cost-Effective and High Performance Instruments: Essential for Manufacturing Applications
Software Upgrades: A Strategy to Extend Useful Life of Instruments
Expanding IoT Ecosystem to Provide Steady Demand Prospects for Test & Measurement Equipment
Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025
Opportunity Indicator: Global Spending (In US$ Billion) on IoT for the Years 2019, 2020, 2021, 2022 & 2024
Renting, Leasing or Purchasing: A Strategic View
High Acquisition Costs Driving Manufacturers to Offer Mixed Bag of Purchase Options to Customers
Steady Continuation of the Shift from Analog to Digital Instruments
Interops Gaining Traction
Modular Instruments to Drive Growth in T&M Equipment Market
Demand for Portability to Boost Market for Wireless Test Equipment among Device Manufacturers
Rise in Demand for Multi-Functional Test Equipment
Government Regulations Governing Power Quality Standards to Drive Demand for T&M
IP Standardization for Shorter Product Cycles
DSL Technologies Keep T&M Equipment Manufacturers on their Toes
Bluetooth Standard Influences Test Equipment Design
Efforts to Roll Out 5G Networks Raises Demand for T&M Instruments
5G Network Deployments: Opportunities for Electronic Test & Measurement Instruments Market
Global 5G Subscriptions (In Million) for Years 2020, 2022, 2024 and 2026
Percentage 5G Adoption by Region in 2025
Global Smartphone Subscription Breakdown by Technology: 2019 and 2025
Global 5G Testing Equipment Market Breakdown by End-User (in %) for 2020
5G Testing Equipment Market in North America by Equipment Type (in %) for 2020
COVID-19 Crisis Adversely Impacts Evolution of 5G
Product/Technology Innovations to Take Center Stage
Select Innovations & Advancements
End-Users Make Test an Integral Part of Production Processes
Chip Industry Makes Use of Cell-Aware ATPG for Detecting Faults within Cells
Modularity Becoming Inevitable Feature in Handheld Testers
Hybrid Metrology Approach Gains Traction
Cable Industry Embraces the Proactive Network Maintenance Approach
Test and Measurement Equipment Industry Leverages the Cloud
Communications Industry: The Largest End-Use Market for T&M Instruments
Soaring Data Traffic and Network Enhancements Drive Demand for Testing Equipment
Global Mobile Data Traffic in Exabytes per Month for the Period 2017-2022
Global Mobile Data Traffic by Geographic Region (in %) for 2019 and 2022
Worldwide Mobile Data Traffic by Device Type (in %) for 2016, 2018 and 2020
Rise in LTE & LTE-Advanced Network Launches to Boost Market in Short to Medium Term Period
4G Network Connections as % of Total Mobile Connections by Region for 2019 and 2025
Growing Industry Focus on Product & Service Quality Augurs Well for T&M Equipment Market
Advent of New Wi-Fi Standards Fuel Demand for Innovative Wireless Testing Devices
Electronic Test Equipment Market for Aerospace & Defense Industry
Military & Defense: A Market Laden with Tremendous Potential
Spending Patterns in the Defense Sector to Strengthen Growth Prospects
Defense Expenditure Worldwide in US$ Billion for the Years 2001 through 2020
Leading Countries Ranked by Defense Budgets in US$ Billion for 2020
Technology Trends in T&M Instruments Market for A&D Industry
mmWave
Modular Solutions
New Radio and Radars
5G
NewSpace
Handheld/Portable Testers
A&D Organizations Use T&M Capabilities in Multiple Domains
Cybersecurity
Weapon Systems
Missile Defense Systems
Satellites
Consumer Electronics Manufacturing Offers Plenty of Opportunities for T&M Instruments
Consumer Mobile Device Manufacturing: An Excellent Commercial Opportunity
Increasing Proliferation of Smartphones Sets the Platform for T&M Instruments Market
Worldwide Smartphone Sales (in Million Units) by Geographic Region/Country for the Years 2018 & 2022
Smartphone Adoption Worldwide by Region (in %): 2018 & 2025
Surging Smartphone Penetration: Smartphone Users as % of Global Population for the Period 2018-2022
Projected Rise in Demand for and Production of Automotive Electronics to Sustain Demand for T&M Instruments
Global Automobile Production (in Million Units): 2015-2021
Global Automobile Sales (in 'Million Units): 2015-2021
Measuring the Growing Importance of Electronics in Cars: Automotive Electronics as a Percentage of Vehicle Production Cost for the Years 2010, 2020 & 2030
Factors Influencing Adoption of T&M Instruments in Automotive Industry
Real-Time Measurements
Life Sciences: Potential for T&M Instruments Market
Major Challenges
Used T&M Instruments Gains Prominence, Hurting Market Prospects for New Products
Renting and Leasing of Test and Measurement Equipment, Denting Market Prospects for New Test & Measurement Equipment
Automated Testing Equipment & Virtual Instruments: Emerging Competition?
The Complex Hue of New Genre T&M Equipment Requirements

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/hb3916

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