Publishing: August 2021 | Report Code: SE11891 | Available Format: PDF
The staggering growth of cloud computing has elevated the demand of the electronic test equipment market in the recent years. The electronics equipment used in information and communication technology are connected with cloud based servers, which makes the networks more complicated in design; and hence testing plays a vital role in efficient operation of the networks. The price pressure in consumer electronics product is increasing; while the demand for cost-effective testing technologies is increasing continuously. The advancement in wireless telecommunication within the developing countries of Asia-Pacific has benefited the electronics RF test equipment market. The modular general purpose testing is used extensively in the wireless communication testing.
The lack of product innovation along with the falling prices of consumer electronics and wireless telecommunication is hindering the growth of the global electronic test equipment market to some extent. Moreover, the lack of government mandates regarding the quality of communication services in the developing countries is a major growth restraint for the global market. However, in order to get competitive advantage, the major players in communication market started focusing on the use of electronic test equipment for reducing operational cost, and increasing scalability and throughput. The ongoing deployment of 5th generation wireless systems (5G) in developed countries in expected to boost the demand of electronic test equipment during the forecast period.
Both the Eastern and Western European electronic test equipment market is witnessing slow growth. However, the electronic test equipment market in Eastern Europe is expected to witness higher growth during the forecast period. The market in Germany, France, and the U.K. is heading towards maturity, and the growth potential of the electronic test equipment market in these countries is hard to predict. By the end of 2020, 80 billion electronic devices are likely to be interconnected globally. Europe is expected to account for 75 million SIM connections by the end of 2016. Moreover, the significant growth in connected car and smart meter is expected during the forecast period, which is expected to drive the growth of the electronic test equipment market in Europe during the forecast period.
The North American market is expected to witness a moderate growth during the forecast period, owing to growth in M2M market post economic slowdown. Moreover, the growth is also expected from industrial and consumer electronics sector. Middle East and Africa is expected to witness considerable growth due to the development of 3G and 4G wireless communication services in Magnolia, South Africa, Ghana, and Nigeria.
Asia-Pacific is expected to be the largest and fastest growing market during the forecast period. The growth of wireless communication along with the growth in the manufacturing capacity of consumer electronics in China, India, Taiwan, and South Korea is driving the growth of the market in the region. Country wise, the U.S., China, Canada, South Korea, India, Germany, the U.K., France, Brazil, Russia, and South Africa are major electronic test equipment markets globally.
Some of the competitors in the global electronic test equipment market are: JDS Uniphase Corp., Giga-tronics Inc., National Instruments Corporation, Pico technologies, Wireless Telecom Group Inc., and HAMEG Instruments GmbH.
Electronic Test Equipment Market Segmentation
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