Global General-purpose Test Equipment (GPTE) Market is expected to reach US$ 1.21 Bn. by 2029, at a CAGR of 4% during the forecast period.Global General-purpose Test Equipment (GPTE) Market Introduction
General purpose test equipment (GPTE) includes different testing and measuring (T&M) equipment such as oscilloscopes, spectrum analysers, signal generators, power meters, logic analysers, electronic counters, and multi meters. Industries such as the communications and aerospace and defense use GPTE for testing their design prototypes and finished products to check conformance with the required specifications. This is necessary to ascertain whether the devices are fulfilling their intended purposes.To Know About The Research Methodology :- Request Free Sample Report
Global General purpose Test Equipment (GPTE) Market Dynamics
Continuous technological developments in communication industry Continuous technological developments in the communication industry is one of the significant factors driving the growth of the general-purpose test equipment market. There has been an increase in demand for GPTE in the communication industry worldwide due to developments in cellular networks and cloud systems. Companies in the communication industry are investing vast amounts in developing networks across the world, due to significant growth in the IP traffic. Most of the growing IP traffic can be attributed to the rise in mobile data traffic. Highly populated nations such as India have been witnessing massive investments from major telecom service providers toward the provision of nationwide 4G service. Developed countries such as the US have already launched 5G connections. In addition, the increasing construction of data centers and the development of micro-mobile data centers for edge computing are also boosting the market growth. This technological developments in communication industry will lead to the expansion of the global GPTE market. Biggest challenges for the end-users of GPTE is the continually changing technology and systems, which are growing more complex with time. With constant changes in technology and systems, the test and measurement equipment must also be upgraded frequently to produce effective testing and measurement results. With the development of modular GPTE, the essential test equipment remains functional, with only a few modules requiring replacement or upgrade. This development is expected to have a positive impact on the GPTE market growth. Factors such as the emergence of more complex electronics and the need to reduce the cost of testing will further boost the demand for modular GPTE for instrumentation. The GPTE market is fragmented and the vendors are implementing growth strategies such as developing new products that cater to end-user requirements to compete in the market.Global General purpose Test Equipment (GPTE) Market Segment Analysis
By product, the Oscilloscope segment is expected to drive the market growth. An Oscilloscope is a testing and measuring device which is used to monitor voltage or current which is passed to or received from an electronic device. There are two types of oscilloscopes, i.e., analog and digital. Oscilloscopes are essential to test and measure the various electrical signals that go to and from an electronic device. Growing R&D investments across various sectors such as automotive, healthcare, and electronics are creating new growth avenues for market players. Its advanced user interface, high acquisition rate, signal fidelity, and an innovative trigger system are some of the beneficial factors further driving the market. Also, the innovation in the wireless sensor is a driving factor for the adoption of advanced oscilloscope in the global market. Oscilloscopes are an essential part of electronic test equipment that enables waveforms to be seen and makes it easier to see any problem occurring in an electronics circuit. It is one of the widely used testing instrument in laboratory applications. Industrial Internet of Things (IIoT) in aerospace and defence to increase the market demand. With the evolving end-user technologies, the nature of demand in the market has also changed tremendously. Today the market requires simple and user friendly equipment’s that can be used by even a non-technical person. Hence continuous product upgrades along with new introductions to accommodate customer requirements is a key strategy. The aerospace and defence (A&D) industry is one of the most critical end-user segments for the test and measurement (T&M) market. The gl obal electronic test equipment market for aerospace and defence will undergo significant transformation over the next five to eight years with the advent of new technologies changing customer requirements. The Industrial Internet of Things (IIoT) or Industry 4.0 and changing customer requirements will lead to the adoption of new business models by test and measurement vendors. Digital subsystems in A&D test systems are undergoing a change. Legacy high-voltage digital subsystems as well as low-voltage parallel subsystems are being replaced by higher-speed and serial interfacing platforms. The A&D community has started to incorporate this technology into their subsystems, increasing the ability to communicate with higher-speed serial interfaces. There are new trends and development in satellites. SpaceX is leading the initiative in the industry. In March 2017, SpaceX successfully re-launched a previously flown orbital-class rocket (Falcon 9) for the first time in history. It is now raising a further $507 million in a new round of funding in 2018, which has increased its valuation to a reported $25 billion, as per Forbes. There are significant opportunities for Test and measurement (T&M) vendors offering solutions focused on reducing risk and effective cost management to A&D customers. An increasing number of companies are focusing on the design of new commercial satellites.Global General purpose Test Equipment (GPTE) Market Regional Insights
Asia Pacific is likely to dominate the global market for general-purpose test equipment (GPTE) during the forecast period, followed by North America. Asia Pacific is a major hub for several industries including automotive and electrical & electronics. China, India, and South Korea are leading manufacturers of consumer electronics devices, such as smartphones, tablets, laptops, and gaming consoles, in the region. Growth of automotive and electrical & electronics industries in the region is expected to drive the general purpose test equipment (GPTE) market in Asia Pacific.Scope of the Global General purpose Test Equipment (GPTE) Market: Inquire before buying
Global General purpose Test Equipment (GPTE) Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 0.92 Bn. Forecast Period 2023 to 2029 CAGR: 4% Market Size in 2029: US $ 1.21 Bn. Segments Covered: by Product Signal Generator Spectrum Analyzer Network Analyzer Oscilloscope Others by End User Communication Aerospace & Defense Industrial Electronics & Semiconductors Others Global General purpose Test Equipment (GPTE) Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Global General purpose Test Equipment (GPTE) Market: Key players
1. Anritsu Corporation 2. Rohde & Schwarz GmbH & Co KG 3. National Instruments Corporation 4. Keysight Technologies 5. Teledyne Technologies, Inc. 6. Lauterbach GmbH 7. Texas Instruments, INC 8. Thermo Fisher Scientific 9. Yokogawa Electric Corp Frequently Asked Questions: 1] What segments are covered in the Global General purpose Test Equipment (GPTE) Market report? Ans. The segments covered in the General purpose Test Equipment (GPTE) Market report are based on Product, End User. 2] What is the growth rate of Global General purpose Test Equipment (GPTE) Market? Ans: The Global General purpose Test Equipment (GPTE) Market is growing at a CAGR of 4% during forecasting period 2023-2029. 3] What is the forecast period for the Global General purpose Test Equipment (GPTE) Market? Ans. The forecast period for the Global General purpose Test Equipment (GPTE) Market is 2023-2029 4] What is the market size of the Global General purpose Test Equipment (GPTE) Market by 2029? Ans. The market size of the Global General purpose Test Equipment (GPTE) Market by 2029 is expected to reach US$ 1.21 Bn. 5] What is the study period of this Market? Ans: The Global General purpose Test Equipment (GPTE) Market is studied from 2022 to 2029.
Global General-purpose Test Equipment (GPTE) Market
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global General purpose Test Equipment (GPTE) Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the General purpose Test Equipment (GPTE) Market 3.4. Geographical Snapshot of the General purpose Test Equipment (GPTE) Market, By Manufacturer share 4. Global General purpose Test Equipment (GPTE) Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global General purpose Test Equipment (GPTE) Market 5. Supply Side and Demand Side Indicators 6. Global General purpose Test Equipment (GPTE) Market Analysis and Forecast, 2022-2029 6.1. Global General purpose Test Equipment (GPTE) Market Size & Y-o-Y Growth Analysis. 7. Global General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 7.1.1. Signal Generator 7.1.2. Spectrum Analyzer 7.1.3. Network Analyzer 7.1.4. Oscilloscope 7.1.5. Others 7.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 7.2.1. Communication 7.2.2. Aerospace & Defense 7.2.3. Industrial 7.2.4. Electronics & Semiconductors 7.2.5. Others 8. Global General purpose Test Equipment (GPTE) Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 9.1.1. Signal Generator 9.1.2. Spectrum Analyzer 9.1.3. Network Analyzer 9.1.4. Oscilloscope 9.1.5. Others 9.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 9.2.1. Communication 9.2.2. Aerospace & Defense 9.2.3. Industrial 9.2.4. Electronics & Semiconductors 9.2.5. Others 10. North America General purpose Test Equipment (GPTE) Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 12. Canada General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 13. Mexico General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 14. Europe General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 15. Europe General purpose Test Equipment (GPTE) Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 17. France General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 18. Germany General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 19. Italy General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 20. Spain General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 21. Sweden General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 22. CIS Countries General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 23. Rest of Europe General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 24. Asia Pacific General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 25. Asia Pacific General purpose Test Equipment (GPTE) Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 27. India General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 28. Japan General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 29. South Korea General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 30. Australia General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 31. ASEAN General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 32. Rest of Asia Pacific General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 33. Middle East Africa General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 34. Middle East Africa General purpose Test Equipment (GPTE) Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 36. GCC Countries General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 37. Egypt General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 38. Nigeria General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 39. Rest of ME&A General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 40. South America General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 41. South America General purpose Test Equipment (GPTE) Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 43. Argentina General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 44. Rest of South America General purpose Test Equipment (GPTE) Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By End User, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global General purpose Test Equipment (GPTE) Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile – Anritsu Corporation 45.3.1. Company Overview 45.3.2. Financial Overview 45.3.3. Geographic Footprint 45.3.4. Product Portfolio 45.3.5. Business Strategy 45.3.6. Recent Developments 45.4. Rohde & Schwarz GmbH & Co KG 45.5. National Instruments Corporation 45.6. Keysight Technologies 45.7. Teledyne Technologies, Inc. 45.8. Lauterbach GmbH 45.9. Texas Instruments, INC 45.10. Thermo Fisher Scientific 45.11. Yokogawa Electric Corp 45.12. Other Key Players