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The general purpose test equipment (GPTE) market size is estimated to grow at a CAGR of 5.99% between 2022 and 2027. The market size is forecast to increase by USD 2,131.95 million. The growth of the market depends on several factors, including the growing demand from end-user industries, the continuous technological developments in the communication industry, and the increase in the number of smart-connected devices. General-purpose test equipment refers to a broad category of electronic measurement instruments used for various testing, analysis, and troubleshooting tasks in electronics, telecommunications, and other related fields. These instruments are designed to provide versatile functionality and can be used across different applications. The selection of test equipment depends on the desired measurements, accuracy requirements, and frequency range.
This general purpose test equipment (GPTE) market report extensively covers market segmentation by product (oscilloscope, spectrum analyzer, signal generator, network analyzer, and multimeter and others), end-user (communication, industrial, aerospace and defense, electronics and semiconductor, and others), and geography (APAC, North America, Europe, South America, and the Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increase in the number of smart-connected devices is driving growth in the general-purpose test equipment (GPTE) market. Demand for highly efficient networks has increased due to technological developments in devices, tablets, smartphones, and connected TVs. Easy access to online content has increased the volume of data traffic over the Internet and the variety of content consumed online. Smart-connected devices also help service providers to collect user data and understand their preferences.
However, consumer electronic products play a significant role in the growth of the global general purpose test equipment market. The performance of smart consumer electronics products is optimized through technological advances and innovations such as a 4K display and SMT components, and they are connected over a network. Digital processing plays a major part in the majority of technologies, and testing is needed before they are put on the market. The development of smart consumer electronics products is estimated to increase the demand for GPTE during the forecast period.
The growing adoption of modular GPTE is a key trend in the market. The demand for modular testing and measuring equipment is driven by technological progress in electronics, testing, and measurement technology. This helps end-users in increasing the life of test and measurement equipment while reducing repair and maintenance costs and improving operational efficiency. The emergence of more complex electronics and devices and the need to reduce the cost of testing are expected to drive the demand for modular GPTE for instrumentation.
Presently, the significant demand for modular GPTE is from the communication and manufacturing industry. In this sector, the constraints on processing downtime and achieving efficiency, and replacement of equipment is an important role. However, the demand for modular GPTE is expected to witness growth from the R&D and field-testing settings during the forecast period.
The long replacement cycle of GPTE is a major challenge faced by the market. The long product replacement cycle for testing equipment, such as frequency oscillators, spectrum analyzers, signal generators, and network analyzers, is a key challenge in the market. These pieces of GPTEs are the least frequently bought construction equipment. Depending on the number of functions performed by such equipment, quality, and standards maintained by the large companies, and the type of application in which a GPTE is used, GPTE has a very long lifespan, which is a key challenge for new and repeat sales.
Moreover, In case of any malfunction or error, only the affected part needs to be replaced instead of the entire system. In most cases, such replacements are primarily undertaken by third-party service providers. In addition, buyers are choosing to install components instead of altering their entire system after using GPTE for a few years because it gives them an inexpensive alternative as opposed to the purchase of new products. Infrequent consumer purchases, coupled with long product replacement cycles, will hamper the growth of the global general purpose test equipment market during the forecast period.
The market share growth by the oscilloscope segment will be significant during the forecast period. An oscilloscope is a testing and measuring equipment used to monitor voltage or current passed to or from an electric component or device. Oscilloscopes, in general, mainly apply to display and analyze waveforms of electrical signals.
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The oscilloscope segment showed a gradual increase in the market share of USD 1,594.24 million in 2017 and continued to grow by 2021. Oscilloscopes are also used for time and voltage measurement, bandwidth measurement, differential measurement, and phase and rise time measurement. In addition, They're useful in a particular way, for example, to analyze automotive ignition systems. An oscilloscope is a type of test instrument that measures and monitors the voltage or current sent or received by an electrical device.
A spectrum analyzer is a type of testing equipment that measures the amplitude of an input signal as a function of frequency within the specified frequency range that the instrument defines. It is used to measure and analyze the power spectrum of signals on different parameters. Spectrum analyzers are used in the manufacture, design, and use of field services or repairs on electrical equipment. The growing demand for wireless technologies, as well as the increased demand for multitasking capabilities in the vehicle industry, is contributing to the growth of the spectrum analyzers segment, which will propel the growth of the general purpose test equipment market during the forecast period.
The communication sector helps network operators, equipment manufacturers, digital content service providers, and broadband service providers in delivering high-quality services. Services are available on mobile and fixed networks in the form of voice, video, or data. GPTE helps network operators in rolling out new services, reducing CAPEX, and delivering quality of service (QoS) in each phase of the network life cycle, including R&D, manufacturing, deployment, and service assurance. The communication segment uses the GPTE system for measuring and testing different service functions, e.g. operational monitoring, services access management, protocol adaptation, or data transfer tests. Smart appliances such as smart refrigerators, televisions, and air conditioners on home premises require high bandwidth and seamless connectivity over the Internet networks, and GPTE can increase their work efficiency by providing a highly efficient network system.
The industrial segment has a considerable demand for GPTE for production testing, calibration of industrial equipment, and process control. The growth of these sectors is a key factor influencing the demand for GPTE to be used in the industry. Modern vehicles are equipped with the latest electronic components for better functionality and efficiency. The electronic components within automotive vehicles require reliable testing and analysis to ensure proper functioning. Testing these is mainly carried out by means of automatic test equipment. Therefore, the growth in the automotive sector will drive the growth of the segment during the forecast period. The growing demand for plastic processing machinery will drive the growth of the processing machinery, which will increase the demand for GPTE in such machinery. Such factors will increase segment growth during the forecast period.
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APAC is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is the largest and fastest-growing general purpose test equipment market, where the majority of the demand stems from the communication, industrial, medical devices, electronics and semiconductors, and aerospace and defense sectors, especially from growing economies such as China, Vietnam, Bangladesh, Japan, South Korea, and India. The demand for GPTE and subsequent growth on the market is driven by increased industrialization, with a major production of cars and industrial machinery.
In APAC, rapidly growing end-user industries, competitive manufacturing costs, and high economic growth are the main factors that support the growth of the market in end-user industries. These factors are also encouraging global players to expand their businesses in APAC. The oil and gas industry is also growing, with an increase in the number of offshoring and nearshoring activities in countries such as China and India, and this factor is likely to fuel the demand for GPTE for oil and gas machinery.
In 2020, the COVID-19 pandemic adversely impacted the growth of major manufacturing industries in APAC. However, the resumption of manufacturing activities after the lifting of nationwide lockdowns in prominent countries in APAC, such as India, China, Japan, and South Korea, in Q4 of 2020 resulted in the growth of the market in the region since January 2021, which is expected to continue during the forecast period.
The General Purpose Test Equipment (GPTE) Market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global General Purpose Test Equipment (GPTE) Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Advantest Corp. - The company offers general-purpose test equipment such as eva100, air logger, and v93000.
Agilent Technologies Inc. - The company offers general-purpose test equipment such as oscilloscopes, telecom line testers, and multimeters.
Anritsu Corp. - The company offers general-purpose test equipment such as force gauges, mt series manual test stand, and contacting extensometers.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The general purpose test equipment (GPTE) market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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General Purpose Test Equipment (GPTE) Market Scope |
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Report Coverage |
Details |
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Page number |
192 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.99% |
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Market growth 2023-2027 |
USD 2,131.95 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
4.98 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 40% |
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Key countries |
US, Canada, China, Japan, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Advantest Corp., Agilent Technologies Inc., Anritsu Corp., Aplab Ltd., Danaher Corp., Keysight Technologies Inc., Lauterbach GmbH, National Instruments Corp., Rohde and Schwarz GmbH and Co. KG, Scientech Technologies Pvt. Ltd., Seaward Electronic Ltd., SGS SA, TEGAM Inc., Tektronix Inc., Teledyne Technologies Inc., Texas Instruments Inc., Thermo Fisher Scientific Inc., Viavi Solutions Inc., Yokogawa Electric Corp., and AMETEK Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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