Electronic Test & Measurement Instruments Market to Reach $4.5 Billion by 2010, According to New Report by Global Industry Analysts, Inc.
Global Electronic Test & Measurement Instruments Market is projected to reach 4.0 million units generating sales worth US$4.5 billion in 2010. United States represents the single largest electronic test & measurement instruments market through 2001-2010. Sales in the United States are projected to reach 1.4 million units equivalent to US$1.4 billion by 2010. Asia-Pacific, the fastest growing market, is projected to exhibit a CAGR of 2.8% over the forecast period.
San Jose, California (PRWEB) July 12, 2007 -- Electronic Test & Measurement Instruments Demand has traditionally been propped up by growth in telecommunications industry. As the largest end-use market, telecommunication networks are exceedingly dependent on the functionality of electronic test and measurement instruments, as the minutest distortion of signals can result in failure to communicate. Establishment of new networks in developing economies and the need to upgrade existing communication infrastructure are the major demand drivers for electronic test and measurement instruments market.
Volt/Am/Watt Meters Market, the largest and fastest growing segment, is projected to account for 3.0 million units by 2010. Unit demand for Oscilloscopes (digital, analog and PC-based) is projected to grow at 1.5% over the forecast period 2001-2010. Oscilloscopes Market, in value terms, represents the largest and fastest growing segment over the analysis period 2001-2010, expanding at a CAGR of 2.1% during the period. Communications industry represents the largest consumer of Electronic Test & Measurement Instruments through 2001-2010. The industry demand is projected to reach 1.2 million units by 2010. Industrial electronics & automotive denotes the fastest growing end-use industry for electronic test & measurement instruments, expanding at a CAGR of 3.1% through 2001-2010.
As per the findings of the new report, definite shift in telecommunications market towards 3G mobile systems has opened up a world of opportunities for select product segments capable of high-resolution measurements such as signal analyzers. Future demand for electronic test and measurement instruments is expected to stem from new emerging application areas in communication, such as, satellite-based personal networks, home automation networks, wireless local area networks, and wireless Internet.
Surge in the upcoming years will be fuelled by growth in electronics, telecom, personal entertainment, and Internet infrastructure industries. The trend towards faster Internet connectivity, advanced wireless telecom features, Internet-ready phones, high-speed networks, and deployment of highly sophisticated computers are some of the factors expected to lead to a spurt in innovations in electronic test and measurement technology.
The competitive climate in the global market is all set for a dynamic change, as electronic test and measurement instruments become increasingly technology driven. Advances in communication technologies, such as, asynchronous transfer mode (ATM), synchronous optical network (SONET), Bluetooth, Gigabit Ethernet and 10 Gig E, are expected to present technological challenges, and create an environment where the winning edge would lie in innovation, and unrelenting international focus on mushrooming Asian markets i.e. China, Korea, Malaysia, and India.
The electronic test and measurement instruments market responds to the varied testing needs of a wide range of end-use industries, ranging from the sophisticated technology driven telecommunications industry to the rather staid food and beverage industry. Stringent and increasingly rigorous quality, safety, and environmental standards worldwide, for manufacturing, maintenance, and use of material and equipment drive the effervescence of the contemporary electronic test and measurement instruments market.
GIA's comprehensive research report titled "Electronic Test & Measurement Instruments: A Global Strategic Business Report" analyzes similar market trends with hard-to-find data and analytics for key regions such as the United States, Canada, Japan, Germany, France, the UK, Italy, and others alongside up and coming markets of Asia-Pacific and Latin America.
The study also sheds light on trends, issues, and price dynamics prevalent in the industry. Also discussed are in depth competitive analysis of leading manufacturers in the electronic test & measurement instruments industry, amply illustrated with numerous data rich, market data tables depicting major research findings. Demand patterns are quantified both in value and volume terms across major product segments - Volt/Am/Watt Meters, Logic Analyzers, Signal Generators, Oscilloscopes (Digital, Analog, and PC-Based), Spectrum Analyzers, Network Analyzers, among others, and end-use segments - Communications, Electronics, Defense, and Industrial Electronics & Automotive. The study also presents historic data for an insight into market evolution over the past fifteen years.
Dominant global players in the market are Agilent Technologies, Ideal Industries, Inc., JDS Uniphase Corp., LTX Corporation, Tektronix, Inc., and Yokogawa Electric Corp. among others. In addition to the global leaders, the report offers detailed profiles of key players in the US Electronic Test & Measurement Instruments market - Actuant Corporation, Aeroflex Incorporated, Astro-Med, Inc., Fluke Corporation, Giga-tronics, Inc., and Giga-tronics, Inc., among others. Anritsu Corp. of Japan, Rohde & Schwarz of Germany, Pico Technology of UK, and several other regional players are also profiled in the report. The study enumerates recent developments, mergers, acquisitions, and other strategic industry activities, and is an easy guide to What, Why, When, How, Where, and Who of the industry.
For complete description of this research report, please visit www.strategyr.com/MCP-2907.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products including company reports, market trend reports and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site www.StrategyR.com
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