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Market research analysts at Technavio have predicted that the test and measurement (T&M) market in Thailand will grow steadily during the forecast period and will post a CAGR of more than 5% by 2020. Test and measurement solutions are constantly used by end-user industries, such as mobile device manufacturers, telecommunication service providers, network equipment manufacturers, and telecom service providers. The presence of several mobile device manufacturers in the countries in APAC such as Thailand, Indonesia, and India drives the demand for test and measurement equipment as manufacturers and service providers are in the constant need to deliver high-quality and performance services to customers. Also, the growth in demand for high-speed Internet will induce service providers to upgrade their network, which will subsequently compel customers to purchase new smartphones. This growth of the telecommunication sector will be one of the major factors driving the growth of the market in Thailand during the forecast period.
Analysts predict that the rise in demand for automatic test equipment (ATE) will be one of the major trends that will gain traction in this market during the next four years. ATE systems can simultaneously test SoC (system on chip) semiconductors’ logic, analog, and memory circuits. Semiconductor IC vendors are going fabless and focusing on reducing their expenditures for the operation and maintenance of foundries, they have started outsourcing their fabrication and other foundry-related activities to other companies. This increasing dependence of fabless companies on the limited number of available fabs vendors will induce these vendors to purchase ATE to meet the requirements of their customers.
Due to the presence of several diversified international, regional, and local vendors, this market appears to be fragmented. The increase in government investments will attract more international measurement and test equipment manufacturers to the market. As a result, the local vendors will find it difficult to compete with the international vendors in terms of quality, durability, reliability, and technological innovations. With the expected increase in technological innovations, the competition in the market is likely to intensify in the next few years.
The leading vendors in the market are -
The other prominent vendors in the market are Anite, Tessco Technologies, IXIA, Siemens, EXFO, Spirent Communications, and Yokogawa.
This market research and analysis predicts that the GPTE segment will dominate the market throughout the forecast period and also estimates that this market segment will account for almost 29% of the total market shares by 2020. There is a constant demand for GPTE from several industries such as communications, power utilities, and aerospace and defense where testing and measuring equipment are used to test design prototypes and finished products. The growth of the automotive and machinery industries will propel the demand for GPTE in the coming years.
During 2015, the machine and equipment manufacturing industry was the major contributor to the T&M market and accounted for about 23% of the total market shares. The estimated growth of several industries such as automotive, oil and gas, and utilities will drive the demand for new test instruments and measuring tools for several application like electrical testing and material handling, which, in turn, will augment the growth of this market segment during the predicted 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 equipment
PART 07: End-user segmentation
GPTE market
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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