General Purpose Test Equipment (GPTE) Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR40136
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The general purpose test equipment (GPTE) market size has the potential to grow by USD 1.42 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.43%. 

This report provides a detailed analysis of the market by product (oscilloscope, spectrum analyzer, signal generator, network analyzer, and other products), end-user (communication, industrial, aerospace and defense, electronics and semiconductor, and others), geography (APAC, North America, Europe, South America, and MEA), and key vendors. 

Market Overview

General-Purpose-Test-Equipment-(GPTE)-Market-Market-Size-2020-2025

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Advantest 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.

 

The GPTE market is fragmented and the vendors are deploying growth strategies such as developing new products that cater to end-user requirements to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as continuous technological developments in the communication industry to achieve growth opportunities. However, factors such as the long replacement cycle of GPTE will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the general purpose test equipment market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This general purpose test equipment market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

General Purpose Test Equipment (GPTE) Market: Key Drivers and Trends

  • Continuous technological developments in the communication industry is one of the significant factors driving the growth of the general-purpose test equipment market.
  • The demand for GPTE is increasing, especially in countries in APAC, such as China, India, Indonesia, Vietnam, and Thailand, wherein the communication industry is growing rapidly due to the rising cellular internet usage.
  • Developed countries such as the US are also focusing on the development of 5G technologies.
  • The communication industry is also making significant investments in the development of networks across the world to cope up with the rising IP traffic. These factors will boost the demand for general purpose test equipment from the communication industry.
  • Furthermore, the increasing construction of data centers and the development of micro-mobile data centers for edge computing applications will support the demand for GPTE, such as oscillators, spectrum analyzers, signal generators, multimeters, and network analyzers.
  • The growing adoption of modular GPTE has been identified as one of the critical general purpose test equipment market trends.
  • With constant changes in technology and systems, the test and measurement equipment must also be upgraded frequently to produce effective testing and measurement results.
  • However, the iterative versions of electronics and communication devices with upgraded software and protocols may not be compatible with the earlier GPTE.
  • This has led to the development of modular GPTE that helps in overcoming the challenge of constantly changing technology and systems by allowing the easy replacement of the old test or measurement module with the new or upgraded module.
  • The demand for modular GPTE is especially high in the communication and manufacturing industry, wherein it is used to process downtime constraints and achieve operational efficiency.
  • Factors such as the emergence of more complex electronics and the need to reduce the cost of testing will further boost the demand for modular GPTE for instrumentation.

 

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General Purpose Test Equipment (GPTE) Market: Segmentation by Geography

General-Purpose-Test-Equipment-(GPTE)-Market-Market-Share-by-Region-2020-2025

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44% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for general purpose test equipment in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The increase in industrialization and the significant production of automobiles and industrial machinery will facilitate the GPTE market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

General Purpose Test Equipment (GPTE) Market: Segmentation by Product

General-Purpose-Test-Equipment-(GPTE)-Market-Market-Share-by-Product-2020-2025

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Oscilloscopes, in general, are primarily used for displaying and analyzing the waveforms of electric signals. The increasing demand for advanced and efficient oscilloscopes from the end-user industries such as communication, electronics and semiconductors, and industrial is driving the growth of the segment.

Fetch actionable market insights on post COVID19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the general purpose test equipment market size.

 

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General Purpose Test Equipment (GPTE) Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive general purpose test equipment market growth during the next five years
  • Precise estimation of the GPTE market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the general purpose test equipment industry across APAC, North America, Europe, South America, and MEA
  • A thorough 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 market vendors

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General Purpose Test Equipment (GPTE) Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4%

Market growth 2021-2025

$ 1.42 billion

Market structure

Fragmented

YoY growth (%)

3.35

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 44%

Key consumer countries

US, China, Japan, Germany, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Advantest Corp., Danaher Corp., Keysight Technologies Inc., Lauterbach GmbH, National Instruments Corp., Teledyne Technologies Inc., Rohde & Schwarz GmbH & Co. KG, Texas Instruments Inc., Thermo Fisher Scientific Inc., and Yokogawa Electric Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five Forces Summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Oscilloscope - Market size and forecast 2020-2025
    • Spectrum analyzer - Market size and forecast 2020-2025
    • Signal generator - Market size and forecast 2020-2025
    • Network analyzer - Market size and forecast 2020-2025
    • Other products - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by End-user

    • Market segments
    • Comparison by End user
    • Communication - Market size and forecast 2020-2025
    • Industrial - Market size and forecast 2020-2025
    • Aerospace and defense - Market size and forecast 2020-2025
    • Electronics and semiconductor - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by End user

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption
    • Competitive Landscape

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Advantest 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.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    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.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
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    The general purpose test equipment (gpte) market growth will increase by $1422.84 million during 2020-2025.
    The general purpose test equipment (gpte) market is expected to grow at a CAGR of 4.43% during 2020-2025.
    Technavio has segmented the general purpose test equipment (gpte) market by product (Oscilloscope, Spectrum analyzer, Signal generator, Network analyzer, and Other products) ,end user (Communication, Industrial, Aerospace and defense, Electronics and semiconductor, and Others) , and geographic (APAC, North America, Europe, South America, and MEA).
    Advantest 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. are a few of the key vendors in the general purpose test equipment (gpte) market.
    APAC will register the highest growth rate of 43.58% among the other regions. Therefore, the general purpose test equipment (gpte) market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • US
    • China
    • Japan
    • Germany
    • South Korea (Republic of Korea)
    The key factors driving the general purpose test equipment (gpte) market growth are:
    • Growing demand from end-user industries
    • Growing adoption of modular GPTE
    The general purpose test equipment (gpte) market vendors should focus on grabbing business opportunities from the oscilloscope segment as it accounted for the largest market share in the base year.
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