Test and Measurement Market in Thailand 2016-2020

Overview of the test and measurement (T&M) market in Thailand

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.

Competitive landscape and key vendors

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 -

• Anritsu
• Fluke
• Keysights Technologies
• National Instruments
• Rohde & Schwarz
• Tektronix

The other prominent vendors in the market are Anite, Tessco Technologies, IXIA, Siemens, EXFO, Spirent Communications, and Yokogawa.

Segmentation by equipment and analysis of the T&M market in Thailand

• Biomedical test equipment
• Calibration equipment
• GPTE (general purpose test equipment)
• Network test equipment
• Real-time test equipment
• Semiconductor test equipment
• Wireless test equipment

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.

Segmentation by end-user and analysis of the T&M market in Thailand

• Airport
• Chemicals
• Education and research institute
• Electronics manufacturing
• Energy saving (includes solar power, oil, and gas industries)
• Food and beverage
• Independent maintenance and repair
• Machine and equipment manufacturing
• Metrology/defense/utility/medical
• Pipeline and storage
• Power transmission and distribution
• Pulp and paper
• Telecom services and operators
• Others (real estate, shipping, and logistics)

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.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the test and measurement market in Thailand?
• What are the key market trends impacting the growth of the test and measurement market in Thailand?
• What are the challenges to market growth?
• Who are the key vendors in the test and measurement market in Thailand?
• What are the market opportunities and threats faced by the vendors in the test and measurement market in Thailand?
• Trending factors influencing the market shares of Thailand.
• What are the key outcomes of the five forces analysis of the test and measurement market in Thailand?

Technavio also offers customization on reports based on specific client requirement.

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