San Jose, California (PRWEB) November 22, 2011
Follow us on LinkedIn Electronic Test and Measurement (T&M) instruments industry has long entrenched itself as an indispensable platform for validating the functioning and performance of a wide gamut of diverse electronic products. Higher performance of electronic devices, device miniaturization, advancements in wireless capabilities, expanding force of PC in instrumentation have all exerted their influence in pushing the evolution of T&M instruments. Customer base for test and measurement systems and services, once dominated by aerospace and defense companies, has over the recent past, shifted to new, intensely competitive industries with strong growth in communications and semiconductor manufacturing.
Today, there exists a wide range of instrument types designed to meet virtually any end-use requirement. The mature 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 chemical industry. Stringent and increasingly rigorous quality, safety, and environmental standards worldwide, for manufacturing, maintenance, and use of material and equipment have driven, and will continue to drive gains in the contemporary market. Additionally, diversification into new quarters, i.e., testing of medical equipment and various biomedical engineering applications, will also provide the thrust required to push the electronic test and measurement instruments market out of its orbit.
T&M instruments are evolving into application specific products, engineered to meet demanding end-user requirements. Smaller market participants, with flexibility as their forte, are effectively carving a niche for themselves among the titans, by focusing on the specific requirements of select customer groups. Further, driven by end-user pressures to lower T&M hardware and software incompatibility, and the need for reducing complex programming to ensure instrument connectivity, even manufacturers of traditional benchtop instruments are increasingly incorporating their products with microprocessors, and computers that simplify the task of interfacing with PCs.
The Internet, as an effective and efficient connectivity tool, is being harnessed not just for enhancing end-user functionality and value additions, but also as an important instrument for facilitating customer support services. In a business environment characterized by fierce competition, excessive pricing pressures, and extreme consumer fickleness, customer support services are being singled out as an important strategy to maintain existing customer base. Today, all T&M instruments vendors flaunt e-commerce sites that allow customers to purchase goods, and seek informational/technical support services online. Remote customer support and diagnostics of test equipment, offered by vendors, is an emerging trend in the T&M instruments industry.
The US commands the leadership position as the largest market, capturing a dominant slice of the global market, as stated by the new market research report on General Purpose Electronic Test and Measurement Instruments. The country is a technology leader in the field of electronic test and measurement instrument manufacturing, and is especially competitive in the high-end advanced T&M instruments market segment. The Asian market buoyed by promising markets of China, Korea and Malaysia displays immense potential for future growth. The Asian market is forecast to race ahead of other regions at the fastest CAGR of 4.5% over the analysis period. By product segment, oscilloscopes accounts for a significant chunk of the global general purpose electronic test and measurement instruments market.
Major players profiled in the report include Advantest Corporation, Aeroflex, Inc., Agilent Technologies, Inc., Anritsu Corp., Astro-Med, Inc., B&K Precision Corp., Danaher Corporation, JDS Uniphase Corp., Keithley Instruments, Inc., LeCroy Corporation, National Instruments Corporation, Pico Technology, Rohde & Schwarz, Stanford Research Systems, Inc., Willtek Communications GmbH, Yokogawa Electric Corp. among various others.
The research report titled General Purpose Electronic Test and Measurement Instruments: A Global Strategic Business Report announced by Global Industry Analysts Inc., provides a comprehensive review of the industry and product overview, major trends, end-use markets, product introductions, recent industry activity, and profiles of market players worldwide. Analytics are presented in both volume (units) and value (US$ ) terms for major geographic markets such as United States, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World. Major product segments analyzed include Multimeters, Logic Analyzers, Signal Generators (Radio Frequency Signal Generators, Microwave Signal Generators and Arbitrary Waveform Generators), Oscilloscopes (Digital Oscilloscopes, Analog Oscilloscopes and PC-Based Oscilloscopes), Spectrum Analyzers, Network Analyzers, Electronic Counters, and Power Meters. The study also provides historic data for an insight into market evolution over the period 2003 through 2008.
For more details about this comprehensive market research report, please visit http://www.strategyr.com/General_Purpose_Electronic_Test_and_Measurement_Instruments_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.
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