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Market research analysts at Technavio have predicted that the test and measurement (T&M) market in Malaysia will grow steadily during the predicted period and will post a moderate CAGR of more than 6% by 2020. Due to the rapid expansion of high-speed broadband (HSBB) service and the exponential increase in the number of subscribers, the recent years witnessed a rapid growth of the telecom sector in the country. The market research analysis identifies this growth of the telecommunication sector as one of the primary growth factors for this market. The global shift toward wireless broadband and mobile networks, the growing demand for mobile devices such as smart phones and tablet computers, and the intense competition among vendors demand the requirement of advanced network and wireless test equipment, in turn, augmenting the growth of the test equipment and measuring devices market in the next four years.
Data centers are constantly in the need for T&M equipment such as electrical energy loggers, infrared imaging systems, cable testing for both copper and fiber installations, return loss testers or more sophisticated optical time-domain reflectometers. The increasing requirement of data centers around the world and the growth of this region as one of the major data outsourcing destinations will have a huge impact on the market’s growth.
The market is characterized by the presence of several well-established players and small-scale players and is highly competitive. Vendors offering advanced T&M solutions for the machinery and equipment manufacturing, semiconductor, and process industries dominate the industry and large players constantly invest in their R&D to develop innovative products. Due to the growing demand for instruments that support multiple tests, test and measuring equipment vendors have started focusing on developing software-based, modular instrumentation more than conventional T&M equipment. To have a competitive edge over their competitors, vendors mainly focus on differentiating their products through innovations.
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 estimates that the semiconductor test equipment product segment will dominate the industry in this region throughout the predicted period and will post an impressive revenue of almost USD 17 million by 2020. The presence of a large number of semiconductor manufacturers and the increasing demand for semiconductors from all over the globe will lead to the growth of the semiconductor industry in the coming years, and will, in turn, fuel the growth of the testing and measuring instruments market segment.
This market study estimates that accounting for about 27% of the total shares of the market, the machine, and equipment manufacturing industry dominated the market during 2015. The estimated growth of industries such as automotive, oil and gas, and power utilities will drive the demand for new and advanced measuring tools and test instruments for various applications like electrical testing and material handling, which, in turn, will augment the growth of this market segment during the estimated period.
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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: Market segmentation by end-users based on products
PART 08: Market segmentation by end-users
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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