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(MoneyNewsWire.Net, September 15, 2016 ) "Test and Measurement Equipment Market in APAC 2015-2019". The Report covers current Market Trends, Analysis, Forecast, Review, Share, Size, Growth, Effect.
Description-
Outlook of the test and measurement equipment market in APAC
Technavios market research analyst predicts the test and measurement (T&M) equipment market in APAC to grow steadily at a CAGR of nearly 7% until 2019. Factors such as the rapid growth of the communication and semiconductor sectors and an increase in electronic manufacturing activities in APAC will fuel the demand for T&M equipment during the forecast period. Furthermore, with the augmented demand for T&M equipment across industries like semiconductor, electronics, aerospace and defense, communications, and automotive, the market for T&M equipment in APAC will have a positive outlook until the end of 2019.
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In terms of region, China will be the largest market for T&M equipment during the forecast period. The rapid growth of the telecommunications industry in this region is a significant factor that will foster the prospects for growth in this market during the estimated period. Moreover, growing investments in the R&D of new products that cater to different end-user segments will result in this regions impressive CAGR of more than 9% until 2019.
Product-based segmentation of the T&M equipment market in APAC
Wireless
Semiconductor/automated
Electronics
In this market study, analysts have estimated the semiconductor/automated test equipment segment to be the highest revenue generating market segment during the forecast period. Factors such as the increasing adoption of electronic components in automobiles, rising smartphone penetration, and the widespread miniaturization of devices will impel the demand for T&M equipment in this market segment until the end of 2019.
Segmentation by end user and analysis of the T&M equipment market in APAC
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Communication
Computing and electronics
Semiconductor
Aerospace and defense
Technavios market research analyst anticipates the communications segment to exhibit the highest market growth rate during the forecast period. The communications segment will grow at a CAGR of more than 9% until 2019, and the prospects for growth in this market segment will be driven by the deployment of wireless local area network (WLAN) in South Korea and the augmented adoption of wired technologies like fiber optics and Ethernet in APAC.
Competitive landscape and key vendors
The T&M equipment market in APAC is highly competitive and is characterized by the presence of conglomerates that have consolidated their market position through mergers and acquisitions. This enables them to enhance their technological reach by accumulating the technical expertise of the smaller players in the market. Product differentiation and affordability of products are the primary strategies adopted by players to gain an edge over their peers.
Key vendors in the market are -
Rohde & Schwarz
Tektronix
National Instruments
Fluke
Anritsu
Other prominent vendors in the market include Aeroflex, Agilent Technologies, EXFO, Fastech Telecommunications, Ixia, Keithley Instruments, Qmax Test Equipments, Premiere Measurement Solutions, Scientech Technologies, Sumitomo, and Yokogawa Electric.
Key questions answered in the report include
What will the market size and growth rate be in 2019
What are the key factors driving the global test and measurement market in APAC
What are the key market trends impacting the growth of the test and measurement market in APAC
What are the challenges to market growth
Who are the key vendors in this market space
What are the market opportunities and threats faced by the vendors in the test and measurement market in APAC
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