Test and Measurement Equipment Market in APAC by Product, End-user, and Geography - Forecast and Analysis 2022-2026
- Published: Apr 2022
- Pages: 120
- SKU: IRTNTR73114
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The test and measurement equipment market share in APAC is expected to increase to USD 1.79 billion from 2021 to 2026, at a CAGR of 5.3%.
This test and measurement equipment market in APAC research report extensively covers test and measurement equipment market in APAC segmentation by product (GPTE, ATE, WTE, calibration, and others), end-user (electronics, communication, general industry, A and D, and others), and geography (Japan, South Korea, China, Taiwan, and Rest of APAC). The test and measurement equipment market in APAC report also offers information on several market vendors, including Advantest Corp., Agilent Technologies Inc., Anritsu Corp., Bruker Corp., Cohu Inc., EXFO Inc., Fortive Corp., Hitachi Ltd., HORIBA Ltd., Keysight Technologies Inc., National Instruments Corp., Oxford Instruments Plc, Renishaw Plc, Rohde and Schwarz GmbH and Co. KG, Spirent Communications Plc, Teradyne Inc., Thermo Fisher Scientific Inc., Viavi Solutions Inc., Yokogawa Electric Corp., and NetScout Systems Inc. among others.
What will the Test and Measurement Equipment Market Size in APAC be During the Forecast Period?
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Test and Measurement Equipment Market in APAC Value Chain Analysis
Our report provides extensive information on the value chain analysis for the test and measurement equipment market in APAC, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Test and Measurement Equipment Market in APAC?
Japan, South Korea, China, and Taiwan are the key markets for test and measurement equipment in APAC in APAC. The tax incentives by the government of Korea and lower interest rates on loans to boost the country's indigenous technological capabilities will facilitate the test and measurement equipment market growth in South Korea over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What are the Revenue-generating Product Segments in the Test and Measurement Equipment Market in APAC?
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The test and measurement equipment market share growth in APAC by the GPTE segment will be significant during the forecast period. One major reason for the high market share of the segment in APAC is the increased demand for electronic products in the region. The volume sales of consumer electronics are expected to increase in the forecast years owing to the development of new and updated electronic products.
This report provides an accurate prediction of the contribution of all the segments to the growth of the test and measurement equipment market size in APAC and actionable market insights on post COVID-19 impact on each segment.
Test and Measurement Equipment Market in APAC: Key Drivers, Trends, and Challenges
The expansion of telecommunication networks is notably driving the test and measurement equipment market growth in APAC, although factors such as rising demand for rental T and M equipment and outsourcing may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the test and measurement equipment industry in APAC. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Test and Measurement Equipment Market Driver in APAC
One of the key factors driving the T&M equipment industry in Asia-Pacific (APAC) growth is the expansion of telecommunication networks. According to Global System for Mobile Communications Association (GSMA), China's 5G connections are expected to reach 893 million by 2025. In addition, mobile data traffic is expected to grow from 12 GB/ smartphone/ month in 2020 to 37 GB/ smartphone/month. The rise in Internet traffic is attributed to the increase in mobile Internet subscribers and the sales of smartphones in the region. The standardization of the 5G telecommunication network ahead of schedule is expected to increase the investment in cell tower and network infrastructure upgrading during the forecast period. There has been a continuous expansion of 4G networks in APAC. It is expected that 4G networks will be available to 69% of the population in APAC by 2025. These factors are expected to drive the demand for T&M equipment in APAC during the forecast period.
Key Test and Measurement Equipment Market Trend in APAC
Growing popularity of modular T and M equipment is one of the key test and measurement (T and M) equipment market trends in APAC that is expected to impact the industry positively in the forecast period. The advances in electronics and T&M technology are driving the demand for modular T&M equipment, which helps end-users increase the service life of T&M equipment while reducing repair and maintenance costs and improving operational efficiency in the industry. With the development of modular T&M equipment, the principal test equipment remains functional, with only some modules needing replacement or upgrading. As an updated technology is released, the old test or measurement module can be easily replaced by a new or upgraded module. The emergence of high complexity electronics and devices and the need to reduce the cost of testing are expected to spur the growth in demand for modular T&M equipment for instrumentation in the coming years.
Key Test and Measurement Equipment Market Challenge in APAC
One of the key challenges to the test and measurement equipment industry in APAC growth is the rising demand for rental T and M equipment and outsourcing due to the emergence of new third-party service providers. Although significant demand for T&M equipment arises from field applications, the R&D, manufacturing, and standalone projects represent considerable scope for growth of T&M rental and outsourcing. For instance, the global SATS market witnesses many vendors opting for outsourcing packaging and testing operations of semiconductor and chipset devices to dedicated service providers. The adoption of T&M equipment renting and outsourcing is expected to continue to grow in the future, especially among small- and medium-scale enterprises due to the limited capital budget and low cost of T&M equipment rental and outsourcing. This will negatively affect the sales revenue of vendors in the T&M equipment market during the forecast period.
This test and measurement equipment market in APAC analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the test and measurement equipment market in APAC as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the test and measurement equipment market in APAC during the forecast period.
Who are the Major Test and Measurement Equipment Market Vendors in APAC?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Advantest Corp.
- Agilent Technologies Inc.
- Anritsu Corp.
- Bruker Corp.
- Cohu Inc.
- EXFO Inc.
- Fortive Corp.
- Hitachi Ltd.
- HORIBA Ltd.
- Keysight Technologies Inc.
- National Instruments Corp.
- Oxford Instruments Plc
- Renishaw Plc
- Rohde and Schwarz GmbH and Co. KG
- Spirent Communications Plc
- Teradyne Inc.
- Thermo Fisher Scientific Inc.
- Viavi Solutions Inc.
- Yokogawa Electric Corp.
- NetScout Systems Inc.
This statistical study of the test and measurement equipment market in APAC encompasses successful business strategies deployed by the key vendors. The test and measurement equipment market in APAC is fragmented and the vendors are deploying growth strategies such as technological innovations to compete in the market.
Product Insights and News
- Advantest Corp. - Under the semiconductor and component test system segment, the company provides test systems for SoC semiconductor devices and memory semiconductor devices.
- Advantest Corp. - The company offers test and measurement equipment such as EVA100, R3755A, and R3760.
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.
The test and measurement equipment market in APAC forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
|
Test and Measurement Equipment Market Scope in APAC |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2021 |
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Forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Decelerate at a CAGR of 5.3% |
|
Market growth 2022-2026 |
$ 1.79 billion |
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Market structure |
Fragmented |
|
YoY growth (%) |
5.89 |
|
Regional analysis |
APAC |
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Key consumer countries |
Japan, South Korea, China, Taiwan, and Rest of APAC |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
Advantest Corp., Agilent Technologies Inc., Anritsu Corp., Bruker Corp., Cohu Inc., EXFO Inc., Fortive Corp., Hitachi Ltd., HORIBA Ltd., Keysight Technologies Inc., National Instruments Corp., Oxford Instruments Plc, Renishaw Plc, Rohde and Schwarz GmbH and Co. KG, Spirent Communications Plc, Teradyne Inc., Thermo Fisher Scientific Inc., Viavi Solutions Inc., Yokogawa Electric Corp., and NetScout Systems 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, 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. |
What are the Key Data Covered in this Test and Measurement Equipment Market in APAC Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive test and measurement equipment market growth in APAC during the next five years
- Precise estimation of the test and measurement equipment market size in APAC and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the test and measurement equipment industry in APAC
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of test and measurement equipment market vendors in APAC
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 14: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Data Table on Regional - Market size and forecast 2021-2026 ($ million)
- Exhibit 16: Chart on APAC: Year-over-year growth 2021-2026 (%)
- Exhibit 17: Data Table on Regional - Market size and forecast 2021-2026 ($ million)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 25: Chart on Product - Market share 2021-2026 (%)
- Exhibit 26: Data Table on Product - Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 27: Chart on Comparison by Product
- Exhibit 28: Data Table on Comparison by Product
- 5.3 GPTE - Market size and forecast 2021-2026
- Exhibit 29: Chart on GPTE - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Data Table on GPTE - Market size and forecast 2021-2026 ($ million)
- Exhibit 31: Chart on GPTE - Year-over-year growth 2021-2026 (%)
- Exhibit 32: Data Table on GPTE - Year-over-year growth 2021-2026 (%)
- 5.4 ATE - Market size and forecast 2021-2026
- Exhibit 33: Chart on ATE - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Data Table on ATE - Market size and forecast 2021-2026 ($ million)
- Exhibit 35: Chart on ATE - Year-over-year growth 2021-2026 (%)
- Exhibit 36: Data Table on ATE - Year-over-year growth 2021-2026 (%)
- 5.5 WTE - Market size and forecast 2021-2026
- Exhibit 37: Chart on WTE - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Data Table on WTE - Market size and forecast 2021-2026 ($ million)
- Exhibit 39: Chart on WTE - Year-over-year growth 2021-2026 (%)
- Exhibit 40: Data Table on WTE - Year-over-year growth 2021-2026 (%)
- 5.6 Calibration - Market size and forecast 2021-2026
- Exhibit 41: Chart on Calibration - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Data Table on Calibration - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Chart on Calibration - Year-over-year growth 2021-2026 (%)
- Exhibit 44: Data Table on Calibration - Year-over-year growth 2021-2026 (%)
- 5.7 Others - Market size and forecast 2021-2026
- Exhibit 45: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 46: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 48: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.8 Market opportunity by Product
- Exhibit 49: Market opportunity by Product ($ million)
6 Market Segmentation by End-user
- 6.1 Market segments
- Exhibit 50: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 51: Data Table on End-user - Market share 2021-2026 (%)
- 6.2 Comparison by End-user
- Exhibit 52: Chart on Comparison by End-user
- Exhibit 53: Data Table on Comparison by End-user
- 6.3 Electronics - Market size and forecast 2021-2026
- Exhibit 54: Chart on Electronics - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Electronics - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Electronics - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Electronics - Year-over-year growth 2021-2026 (%)
- 6.4 Communication - Market size and forecast 2021-2026
- Exhibit 58: Chart on Communication - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Communication - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Communication - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Communication - Year-over-year growth 2021-2026 (%)
- 6.5 General industry - Market size and forecast 2021-2026
- Exhibit 62: Chart on General industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on General industry - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on General industry - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on General industry - Year-over-year growth 2021-2026 (%)
- 6.6 A and D - Market size and forecast 2021-2026
- Exhibit 66: Chart on A and D - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on A and D - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on A and D - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on A and D - Year-over-year growth 2021-2026 (%)
- 6.7 Others - Market size and forecast 2021-2026
- Exhibit 70: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 6.8 Market opportunity by End-user
- Exhibit 74: Market opportunity by End-user ($ million)
7 Customer Landscape
- 7.1 Customer landscape overview
- Exhibit 75: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
- 8.1 Geographic segmentation
- Exhibit 76: Chart on Market share by geography - 2021-2026 (%)
- Exhibit 77: Data Table on Market share by geography - 2021-2026 (%)
- 8.2 Geographic comparison
- Exhibit 78: Chart on Geographic comparison
- Exhibit 79: Data Table on Geographic comparison
- 8.3 Japan - Market size and forecast 2021-2026
- Exhibit 80: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 81: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 82: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 83: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 8.4 South Korea - Market size and forecast 2021-2026
- Exhibit 84: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
- Exhibit 85: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
- Exhibit 86: Chart on South Korea - Year-over-year growth 2021-2026 (%)
- Exhibit 87: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
- 8.5 China - Market size and forecast 2021-2026
- Exhibit 88: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 89: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 90: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 91: Data Table on China - Year-over-year growth 2021-2026 (%)
- 8.6 Taiwan - Market size and forecast 2021-2026
- Exhibit 92: Chart on Taiwan - Market size and forecast 2021-2026 ($ million)
- Exhibit 93: Data Table on Taiwan - Market size and forecast 2021-2026 ($ million)
- Exhibit 94: Chart on Taiwan - Year-over-year growth 2021-2026 (%)
- Exhibit 95: Data Table on Taiwan - Year-over-year growth 2021-2026 (%)
- 8.7 Rest of APAC - Market size and forecast 2021-2026
- Exhibit 96: Chart on Rest of APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 97: Data Table on Rest of APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 98: Chart on Rest of APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 99: Data Table on Rest of APAC - Year-over-year growth 2021-2026 (%)
- 8.8 Market opportunity by geography
- Exhibit 100: Market opportunity by geography ($ million)
9 Drivers, Challenges, and Trends
- 9.1 Market drivers
- 9.2 Market challenges
- 9.3 Impact of drivers and challenges
- Exhibit 101: Impact of drivers and challenges in 2021 and 2026
- 9.4 Market trends
10 Vendor Landscape
- 10.1 Overview
- 10.2 Vendor landscape
- Exhibit 102: Overview on Criticality of inputs and Factors of differentiation
- 10.3 Landscape disruption
- Exhibit 103: Overview on factors of disruption
- 10.4 Industry risks
- Exhibit 104: Impact of key risks on business
11 Vendor Analysis
- 11.1 Vendors covered
- Exhibit 105: Vendors covered
- 11.2 Market positioning of vendors
- Exhibit 106: Matrix on vendor position and classification
- 11.3 Advantest Corp.
- Exhibit 107: Advantest Corp. - Overview
- Exhibit 108: Advantest Corp. - Business segments
- Exhibit 109: Advantest Corp. - Key offerings
- Exhibit 110: Advantest Corp. - Segment focus
- 11.4 Agilent Technologies Inc.
- Exhibit 111: Agilent Technologies Inc. - Overview
- Exhibit 112: Agilent Technologies Inc. - Business segments
- Exhibit 113: Agilent Technologies Inc. - Key news
- Exhibit 114: Agilent Technologies Inc. - Key offerings
- Exhibit 115: Agilent Technologies Inc. - Segment focus
- 11.5 Anritsu Corp.
- Exhibit 116: Anritsu Corp. - Overview
- Exhibit 117: Anritsu Corp. - Business segments
- Exhibit 118: Anritsu Corp. - Key news
- Exhibit 119: Anritsu Corp. - Key offerings
- Exhibit 120: Anritsu Corp. - Segment focus
- 11.6 Bruker Corp.
- Exhibit 121: Bruker Corp. - Overview
- Exhibit 122: Bruker Corp. - Business segments
- Exhibit 123: Bruker Corp. - Key news
- Exhibit 124: Bruker Corp. - Key offerings
- Exhibit 125: Bruker Corp. - Segment focus
- 11.7 EXFO Inc.
- Exhibit 126: EXFO Inc. - Overview
- Exhibit 127: EXFO Inc. - Business segments
- Exhibit 128: EXFO Inc. - Key news
- Exhibit 129: EXFO Inc. - Key offerings
- Exhibit 130: EXFO Inc. - Segment focus
- 11.8 Hitachi Ltd.
- Exhibit 131: Hitachi Ltd. - Overview
- Exhibit 132: Hitachi Ltd. - Business segments
- Exhibit 133: Hitachi Ltd. - Key news
- Exhibit 134: Hitachi Ltd. - Key offerings
- Exhibit 135: Hitachi Ltd. - Segment focus
- 11.9 HORIBA Ltd.
- Exhibit 136: HORIBA Ltd. - Overview
- Exhibit 137: HORIBA Ltd. - Business segments
- Exhibit 138: HORIBA Ltd. - Key news
- Exhibit 139: HORIBA Ltd. - Key offerings
- Exhibit 140: HORIBA Ltd. - Segment focus
- 11.10 Keysight Technologies Inc.
- Exhibit 141: Keysight Technologies Inc. - Overview
- Exhibit 142: Keysight Technologies Inc. - Business segments
- Exhibit 143: Keysight Technologies Inc. - Key news
- Exhibit 144: Keysight Technologies Inc. - Key offerings
- Exhibit 145: Keysight Technologies Inc. - Segment focus
- 11.11 National Instruments Corp.
- Exhibit 146: National Instruments Corp. - Overview
- Exhibit 147: National Instruments Corp. - Business segments
- Exhibit 148: National Instruments Corp. - Key news
- Exhibit 149: National Instruments Corp. - Key offerings
- Exhibit 150: National Instruments Corp. - Segment focus
- 11.12 Yokogawa Electric Corp.
- Exhibit 151: Yokogawa Electric Corp. - Overview
- Exhibit 152: Yokogawa Electric Corp. - Business segments
- Exhibit 153: Yokogawa Electric Corp. - Key offerings
- Exhibit 154: Yokogawa Electric Corp. - Segment focus
12 Appendix
- 12.1 Scope of the report
- 12.2 Inclusions and exclusions checklist
- Exhibit 155: Inclusions checklist
- Exhibit 156: Exclusions checklist
- 12.3 Currency conversion rates for US$
- Exhibit 157: Currency conversion rates for US$
- 12.4 Research methodology
- Exhibit 158: Research methodology
- Exhibit 159: Validation techniques employed for market sizing
- Exhibit 160: Information sources
- 12.5 List of abbreviations
- Exhibit 161: List of abbreviations
- In December 2020, the company completed the acquisition of InOpticals Inc., a company offering ultra-high speed test instruments for the laboratory and manufacturing markets.
- in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
- slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.
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
- 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
DATA 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
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- Japan
- South Korea
- China
- Taiwan
- Rest of APAC
- Expansion of telecommunication networks
- Growing popularity of modular T and M equipment
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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