General Purpose Test Equipment (GPTE) Market size shall reach a value of $x Million in 2027, growing with a CAGR of 9.7% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
General-purpose test equipment is primarily utilized for testing and measurement of finished products and design prototypes with basic specifications. General-purpose test equipment comprises various measuring and testing equipment such as power meters, signal generators, spectrum analyzers, electronic counters, logic analyzers, oscilloscopes, and multi-meters.
General-purpose test equipment is being adopted largely in industries including communications and aerospace & defense. These equipment are employed to learn whether the electronic devices manufactured for different end-use industries are satisfying their intended purpose.
General-purpose test equipment is used from primary prototype testing to final installation testing of electronic appliances. General-purpose test equipment comprises devices which measure basic parameters like voltage, frequency, watts, and other diagnostic data.
General Purpose Test Equipment (GPTE) Market Growth and Trends
Drivers :
• General-purpose test equipment (GPTE) are extensively used for testing and measurement of design prototypes and finished products with required specifications
• GPTE involvesvarious testing and measuring (T&M) equipment like spectrum analyzers, oscilloscopes, power meters, signal generators, electronic counters, logic analyzers, and multi-meters
• GPTE are being adopted extensively in industries including communications and aerospace & defense. These equipment are employed to learn whether the electronic devices manufactured for different end-user industries are satisfying their projected purpose.
• Increased adoption of modular test and measurement equipment is expected to be a driving factor for the global general-purpose test equipment (GPTE) market.
• Improvements in the test and measurement technology have augmented the interest in modular test and measurement equipment. These improvements are helping manufacturers in expanding the service life of test and measurement equipment, while reducing the repair and maintenance costs with improved operational efficiency.
• Increasing demand from the telecommunication industry for testing the standards and protocols for LTE networks will drive the global general-purpose test equipment (GPTE) market during the forecast period.
• Product-wise the global general-purpose test equipment (GPTE) market can be classified into signal generator, spectrum analyzer, network analyzer, oscilloscope and Others.
• The oscilloscope segment accounted for a major share of the global GPTE market and is likely to continue its dominance in future.
• Application-wise the global general-purpose test equipment (GPTE) market can be divided into communication, aerospace & defense, industrial, electronics & semiconductors and Others.
• General-purpose Test Equipment (GPTE) Market as per End-user type can be classified into Communication, Aerospace & Defense, Industrial, Electronics & Semiconductors and Others.
• Key manufacturers operating in the global market are:
o Anritsu Corporation
o Rohde & Schwarz GmbH & Co KG
o National Instruments Corporation
o Keysight Technologies
o Teledyne Technologies, Inc.
o Lauterbach GmbH
Restraints :
• Increasing adoption of rental or leasing services is expected to hamper the global GPTE market in near future
• Growing awareness about rental services for testing design prototypes and finished products across various end-use industries along with increasing production and R&D activities have propelled the adoption of rental general purpose test equipment, which further hampers the growth of global general-purpose test equipment (GPTE) market.
General Purpose Test Equipment (GPTE) Market Regional Analysis
General Purpose Test Equipment (GPTE) Market Share and Competition
Key companies operating in this industry are: Anritsu Corporation, Rohde & Schwarz GmbH & Co KG, National Instruments Corporation, Keysight Technologies, Teledyne Technologies, Inc., and Lauterbach GmbH. Similar industries in this domain that is growing at a high CAGR include Ultra-Sonic Testing Market and Industrial Installation Testers Market.
General Purpose Test Equipment (GPTE) Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Product Analysis (Revenue, USD Million, 2020 - 2027)
• Signal Generator
• Spectrum Analyzer
• Network Analyzer
• Oscilloscope
• Others
End-user Analysis (Revenue, USD Million, 2020 - 2027)
• Communication
• Aerospace & Defense
• Industrial
• Electronics & Semiconductors
• Others
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World
General Purpose Test Equipment (GPTE) Market Companies
• Anritsu Corporation
• Rohde & Schwarz GmbH & Co KG
• National Instruments Corporation
• Keysight Technologies
• Teledyne Technologies, Inc.
• Lauterbach GmbH
Available Versions: -
United States General Purpose Test Equipment (GPTE) Market Research Report
Europe General Purpose Test Equipment (GPTE) Market Research Report
Asia Pacific General Purpose Test Equipment (GPTE) Market Research Report
India General Purpose Test Equipment (GPTE) Market Research Report
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