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Market research analysts at Technavio have predicted that the test and measurement market in Indonesia will grow steadily during the predicted period and will post a CAGR of about 6% by 2020. This market research analysis identifies the growth of the automotive industry as one of the primary growth factors for this market. This region is the second-largest manufacturer of passenger cars in Southeast Asia, and the constantly increasing investments will result in the region becoming the largest manufacturer of passenger cars in Southeast Asia during the forecast period. The rapid growth in GDP, the increase in low-per-capita car ownership, and the availability of low-cost labor and raw materials will attract more automotive manufacturers to invest in the country, propelling the demand for measuring and test instruments in the coming years.
End-users of test and measurement (T&M) equipment constantly face problems as most of the testing and measuring instruments are incompatible between products. This will induce vendors to conduct interoperability tests to ensure the equipment’s compatibility with different products as it results in the loss of potential customers. The availability of a wide range of electronic and electrical products will lead to the requirement of higher interoperability of T&M equipment as it helps end-users in not being dependent on the use of a particular test and measurement instrument from a single manufacturer for a lifetime.
Though the market is characterized by the presence of few vendors, the competition among vendors is high. The strong position of the existing market vendors and the high market barriers make it tough for new players to enter the market. The competitive environment is expected to intensify during the forecast period and this will mainly attribute to the increasing investments and rapid technological advancements taking place in various industries in the country.
The leading vendors in the market are -
The other prominent vendors in the market are Anite, EXFO, IXIA, Siemens, Spirent Communications, Tessco Technologies, and Yokogawa Electric.
This market research and analysis predicts that accounting for almost 27% of the total share of the market by 2020, the GPTE (general purpose test equipment) segment will dominate the testing and measuring equipment market throughout the forecast period. Several industries use GPTE to test their design prototypes and finished products. The rise in export of machine and equipment will subsequently increase the investment for capacity expansion, which will drive the market growth. Moreover, the rise is demand for electronics and home appliances and the government’s focus on upgrading its existing weaponry and increasing the stock of manufactured weapons in the country will propel the demand for measuring tools and test equipment.
This market study estimates that in terms of end-users, the machine and equipment manufacturing industry was the major contributor to the test and measurement equipment market during 2015 and accounted for about 24% of the total market shares. Factors such as rapid urbanization and the estimated growth of machinery exports fuel the growth of the market in this segment.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: End-user segmentation
PART 08: End-user segmentation (sub-segment 1)
PART 09: Market drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: Explore Technavio
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