APAC Test and Measurement Market - Forecast(2021 - 2026)
APAC Test and Measurement Market size was valued at $7.02 billion in 2019, and it is estimated to grow at a CAGR of 5.33% during 2020-2025. The growing demand for this equipment in industries such as telecommunications, automotive, transportation, semiconductor and electronics and others set to drive the APAC Test and Measurement industry. Furthermore, implementation of IoT technology and evolution of 5G infrastructure boost the demand for APAC Test and Measurement industry during the forecast period 2020-2025.
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Key Takeaways
China had dominated the APAC Test and Measurement market in 2019 owing to high number of automotive and telecommunication companies required for testing equipment. Increasing research and development activities in home energy management equipment, manufacturing of hybrid electric vehicles and others providing opportunities for test and measurement equipment.
Growing demand for test and measurement equipment for calibration services, and increasing demand for automated test equipment, has been fueling the market growth.
Adoption of testing equipment like bit error rate tester in telecommunication sector in order to determine the performance of data including fiber optic systems and wired systems has been escalating the test and measurement industry in APAC.
Adoption of advanced technologies such as IoT and investments on 5G infrastructure has also show positive impact on APAC test and measurement industry.
High investments and lack of skilled expertise hinders the growth of the APAC Test and Measurement market.
Equipment Type - Segment Analysis
General Purpose Test Equipment segment held the largest market share of 29.56% in the APAC Test and Measurement market in 2019. General purpose test equipment include network analyzers, spectrum analyzers, signal generators, power meters or sensors, oscilloscopes, digital multi meters, logic analyzers, frequency counters and arbitrary waveform generators. These instruments are used to ensure the designed product is matched with the specifications for intended use or not. As there is increasing demand for standard quality products in manufacturing and industrial sector, there has been increasing adoption of test equipment for validation of functioning and performance of the consumer products. High adoption of these equipment in various industries is poised to create demand for this test and measurement equipment.
End User - Segment Analysis
Telecommunication sector is the fastest growing industry in the APAC Test and Measurement market and estimated to grow at a CAGR of 6.1% during forecast period 2020-2025. High adoption of precision equipment with growing number of data centers has been fueling the APAC Test and Measurement market in this industry. The growth is because of the increasing internet penetration coupled evolution of next generation communication technologies and with increasing usage of smart phones and governmental measures to provide communication source in rural areas are estimated to increase the market revenue in the coming years. Many companies have been investing and partnering with various companies for 5G infrastructure. Increasing investments for 5G/LTE infrastructure is poised to drive the test and measurement equipment market in the telecommunications sector.
Geography- Segment Analysis
China dominated the APAC Test and Measurement market in 2019 with a share of 34.40%, As the China is the highly populated country and high number of automotive, transportation and semiconductor industries, and there is huge demand for test and measurement equipment in China. Government initiatives on organizing various exhibitions for testing and measurement equipment to provide a user oriented representation. For instance, in 2019, China instrument manufacturers association (CIMA) had organized country’s China International Scientific Instrument and Laboratory Equipment Exhibition (CISILE). Development of new products and exhibiting in various organizations set to drive the market in China.
As there is increase in adoption of automation and IoT technologies in industries, there has been growing demand for test and measurement equipment in APAC region. IoT applications require mobility and focus on cellular technologies such as 4G and upcoming 5G. Research and development activities on 5G infrastructure require high quality test and measurement equipment. New development in communication network will have a positive impact on test and measurement equipment market. According to the Global System for Mobile Communications (GSMA) 2018 report, the 5G technology is expected to penetrate into the market with 14% of total connections by 2025. This set to increase the demand for test and measurement equipment such as signal analyzers, digital calibrators, spectrum analyzers and others.
Challenges – APAC Test and Measurement Market
High investment and lack of Skilled Resources
Market Landscape
Product launches, acquisitions and R&D activities are key strategies adopted by players in the APAC Test and Measurement market. The APAC Test and Measurement top 10 companies include Anritsu Corporation, Fortive, Keysight Technologies, Teledyne Technologies, Cobham, EXFO Inc, AtlanTecRF, Rohde & Schwarz, Giga-Tronics and others.
We also publish more than 100 reports every month in "Automation and Instrumentation", Go through the Domain if there are any other areas for which you would like to get a market research study.
Key Takeaways
China had dominated the APAC Test and Measurement market in 2019 owing to high number of automotive and telecommunication companies required for testing equipment. Increasing research and development activities in home energy management equipment, manufacturing of hybrid electric vehicles and others providing opportunities for test and measurement equipment.
Growing demand for test and measurement equipment for calibration services, and increasing demand for automated test equipment, has been fueling the market growth.
Adoption of testing equipment like bit error rate tester in telecommunication sector in order to determine the performance of data including fiber optic systems and wired systems has been escalating the test and measurement industry in APAC.
Adoption of advanced technologies such as IoT and investments on 5G infrastructure has also show positive impact on APAC test and measurement industry.
High investments and lack of skilled expertise hinders the growth of the APAC Test and Measurement market.
Equipment Type - Segment Analysis
General Purpose Test Equipment segment held the largest market share of 29.56% in the APAC Test and Measurement market in 2019. General purpose test equipment include network analyzers, spectrum analyzers, signal generators, power meters or sensors, oscilloscopes, digital multi meters, logic analyzers, frequency counters and arbitrary waveform generators. These instruments are used to ensure the designed product is matched with the specifications for intended use or not. As there is increasing demand for standard quality products in manufacturing and industrial sector, there has been increasing adoption of test equipment for validation of functioning and performance of the consumer products. High adoption of these equipment in various industries is poised to create demand for this test and measurement equipment.
End User - Segment Analysis
Telecommunication sector is the fastest growing industry in the APAC Test and Measurement market and estimated to grow at a CAGR of 6.1% during forecast period 2020-2025. High adoption of precision equipment with growing number of data centers has been fueling the APAC Test and Measurement market in this industry. The growth is because of the increasing internet penetration coupled evolution of next generation communication technologies and with increasing usage of smart phones and governmental measures to provide communication source in rural areas are estimated to increase the market revenue in the coming years. Many companies have been investing and partnering with various companies for 5G infrastructure. Increasing investments for 5G/LTE infrastructure is poised to drive the test and measurement equipment market in the telecommunications sector.
Geography- Segment Analysis
China dominated the APAC Test and Measurement market in 2019 with a share of 34.40%, As the China is the highly populated country and high number of automotive, transportation and semiconductor industries, and there is huge demand for test and measurement equipment in China. Government initiatives on organizing various exhibitions for testing and measurement equipment to provide a user oriented representation. For instance, in 2019, China instrument manufacturers association (CIMA) had organized country’s China International Scientific Instrument and Laboratory Equipment Exhibition (CISILE). Development of new products and exhibiting in various organizations set to drive the market in China.
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Drivers –APAC Test and Measurement Market
Adoption of test and measurement in end user industries such as automotive, semiconductor and electronics and others
China is the major hub for production of automobiles and other vehicles. Increasing number of automotive manufacturing hubs in APAC region with implementation of advanced automation technologies for the production vehicles have been increasing the demand for test and measurement equipment in APAC. Growing demand for smartphones, tablets, digital televisions, wireless communication infrastructure, network hardware, computers and electro-medical devices is stimulating global demand for semiconductors which in turn create demand testing equipment. Power sequencing and power supplies are some of the major power management applications that are augmenting the need of electronic test equipment. Similarly, the growing design complexity of modern consumer electronics are augmenting the need for test and measurement equipment.
Adoption of Advanced Technologies such as IoT and 5G Infrastructure
Drivers –APAC Test and Measurement Market
Adoption of test and measurement in end user industries such as automotive, semiconductor and electronics and others
China is the major hub for production of automobiles and other vehicles. Increasing number of automotive manufacturing hubs in APAC region with implementation of advanced automation technologies for the production vehicles have been increasing the demand for test and measurement equipment in APAC. Growing demand for smartphones, tablets, digital televisions, wireless communication infrastructure, network hardware, computers and electro-medical devices is stimulating global demand for semiconductors which in turn create demand testing equipment. Power sequencing and power supplies are some of the major power management applications that are augmenting the need of electronic test equipment. Similarly, the growing design complexity of modern consumer electronics are augmenting the need for test and measurement equipment.
Adoption of Advanced Technologies such as IoT and 5G Infrastructure
As there is increase in adoption of automation and IoT technologies in industries, there has been growing demand for test and measurement equipment in APAC region. IoT applications require mobility and focus on cellular technologies such as 4G and upcoming 5G. Research and development activities on 5G infrastructure require high quality test and measurement equipment. New development in communication network will have a positive impact on test and measurement equipment market. According to the Global System for Mobile Communications (GSMA) 2018 report, the 5G technology is expected to penetrate into the market with 14% of total connections by 2025. This set to increase the demand for test and measurement equipment such as signal analyzers, digital calibrators, spectrum analyzers and others.
Challenges – APAC Test and Measurement Market
High investment and lack of Skilled Resources
High investment is required for adoption of testing equipment for checking the quality of industrial products. Increasing need for low cost solutions has been posing a challenge and hampering the growth of this market. Lack of skilled resources and pressure on the development of advanced testing equipment with multi functionality features as growing competition is restraining the market growth.
Market Landscape
Product launches, acquisitions and R&D activities are key strategies adopted by players in the APAC Test and Measurement market. The APAC Test and Measurement top 10 companies include Anritsu Corporation, Fortive, Keysight Technologies, Teledyne Technologies, Cobham, EXFO Inc, AtlanTecRF, Rohde & Schwarz, Giga-Tronics and others.
We also publish more than 100 reports every month in "Automation and Instrumentation", Go through the Domain if there are any other areas for which you would like to get a market research study.
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