LONDON–(BUSINESS WIRE)–#GeneralPurposeTestEquipmentGPTEMarket–Technavio has been monitoring the GPTE market and it is poised to grow by USD 1.65 bn during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
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What are the major trends in the market?
Growing adoption of modular GPTE is a major trend driving the growth of the GPTE market. -
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 4.23% and the incremental growth of the market is anticipated to be $ 1.65 bn. -
Who are the top players in the market?
Anritsu Corp., Danaher Corp., Keysight Technologies Inc., Lauterbach GmbH, National Instruments Corp., Rohde & Schwarz GmbH & Co. KG, Teledyne Technologies Inc., Texas Instruments Inc., Thermo Fisher Scientific Inc., and Yokogawa Electric Corp., are some of the major market participants. -
What is the key market driver?
The technological developments in the industry is one of the major factors driving the market. -
How big is the APAC market?
The APAC region will contribute 43% of the GPTE market share.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Anritsu Corp., Danaher Corp., Keysight Technologies Inc., Lauterbach GmbH, National Instruments Corp., Rohde & Schwarz GmbH & Co. KG, Teledyne Technologies Inc., Texas Instruments Inc., Thermo Fisher Scientific Inc., and Yokogawa Electric Corp. are some of the major market participants. The technological developments in the industry will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
General Purpose Test Equipment (GPTE) Market 2020-2024: Segmentation
General Purpose Test Equipment (GPTE) Market is segmented as below:
-
Product
- Oscilloscope
- Spectrum Analyzer
- Signal Generator
- Network Analyzer
- Multimeter
- Other Products
-
End-user
- Communication
- Industrial
- Aerospace And Defense
- Electronics And Semiconductors
- Others
-
Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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General Purpose Test Equipment (GPTE) Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The general purpose test equipment (GPTE) market report covers the following areas:
- Global GPTE Market Size
- Global GPTE Market Trends
- Global GPTE Market Industry Analysis
This study identifies the growing adoption of modular GPTE as one of the prime reasons driving the global GPTE market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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General Purpose Test Equipment (GPTE) Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist general purpose test equipment (GPTE) market growth during the next five years
- Estimation of the general purpose test equipment (GPTE) market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the GPTE market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of general purpose test equipment (GPTE) market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- Preface
- Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market Outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
- Market segmentation by product
- Comparison by product
- Oscilloscope – Market size and forecast 2019-2024
- Spectrum analyzer – Market size and forecast 2019-2024
- Signal generator – Market size and forecast 2019-2024
- Network analyzer – Market size and forecast 2019-2024
- Multimeter – Market size and forecast 2019-2024
- Other products – Market size and forecast 2019-2024
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
- Market segmentation by end-user
- Comparison by end-user
- Communication – Market size and forecast 2019-2024
- Industrial – Market size and forecast 2019-2024
- Aerospace and defense – Market size and forecast 2019-2024
- Electronics and semiconductors – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by end-user
PART 09: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- Growing adoption of modular GPTE
- Increasing adoption of autonomous and electric vehicles
- Advent of integrated Industry 4.0 and Quality 4.0 with IoT
PART 13: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Anritsu Corp.
- Danaher Corp.
- Keysight Technologies Inc.
- Lauterbach GmbH
- National Instruments Corp.
- Rohde & Schwarz GmbH & Co. KG
- Teledyne Technologies Inc.
- Texas Instruments Inc.
- Thermo Fisher Scientific Inc.
- Yokogawa Electric Corp.
PART 15: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 16: EXPLORE TECHNAVIO
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