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Consumer Demand and Increasing R&D Spend Boosts Indian Test Equipment Market Finds Frost & Sullivan - Swift technological progress in India stokes demand for integrated general purpose test equipment - TestandMeasurement.Frost.com
Consumer Demand and Increasing R&D Spend Boosts Indian Test Equipment Market Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Mumbai, India, 2012/06/12 - Swift technological progress in India stokes demand for integrated general purpose test equipment - TestandMeasurement.Frost.com.

   
 
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The market for modular and PC-based test instruments is riding a crest with customers increasingly investing in them for their portability and relative cost effectiveness. Rapid growth in infrastructure and technologies such as 3G/4G augurs well for the Indian general purpose test equipment market, as the higher frequency, bandwidth, and number of applications spawns a parallel need for integrated test equipment.

New analysis from Frost & Sullivan (testandmeasurement.frost.com), Indian General Purpose Test Equipment Market, finds that the market earned revenues of over INR 4927.0 million in 2011 and estimates this to reach INR 7074.8 million in 2018.

New product development will be crucial in a market that is still feeling the aftereffects of the economic downturn. Tier 1 participants that could afford to invest in research and development (R&D) during the economic downturn have been able to respond quickly to customer requirements as the market improves, generating demand for new products and resulting in market growth.

"The higher speed of data transfer requires test equipment manufacturers to develop instruments that can test such data transfer, prompting them to focus on integrated test equipment," says Frost & Sullivan Analyst.

"The availability of a higher number of test instruments within a single box is essential to enhance productivity, especially at installation and maintenance sites."

While demand for modular and PC-based test instruments is growing, cautious customers are still reluctant to increase their capital expenditure and buy high-end general purpose test equipment, preferring instead to rent the equipment, particularly in cases where they are only required for one-time use for completing a project.

On the other hand, India is seeing a surge in R&D, owing to its robust and acclaimed education system. The country is no longer considered just an outsourcing destination for manufacturing.

"India’s educational growth is vital to the rise in R&D activity in the country," notes the Frost & Sullivan Analyst. "Despite being recognized as a low-cost manufacturing region, India is spurring its educational sector, which is compelling vendors to establish their R&D centers here and increase their competitiveness."

This growth in the educational sector is expected to attract more R&D investments and spur growth of benchtop general purpose test instruments.

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an email to Caroline Lewis/ Akshata Mhatre, Corporate Communications, at caroline.lewis[.]frost.com / akshatam[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, a brochure will be sent to you by email.

Indian General Purpose Test Equipment Market is part of the Test & Measurement Growth Partnership Services program, which also includes research in the following markets: World General Purpose Test Equipment Market, Asia Pacific General Purpose Test Equipment Markets, and Asia Pacific Oscilloscopes Markets. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including research, analysis, strategy, vision, innovation, and implementation
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360-degree research, comprehensive industry coverage, career best practices, as well as our global footprint of more than 40 offices

For more than 50 years, we have been developing growth strategies for the global 1000 emerging businesses, the public sector, and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics, and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on "the next big thing" | Register: Gain access to visionary innovation.

Indian General Purpose Test Equipment Market / NA9C-30

Contact:
Nimisha Iyer, Corporate Communications – South Asia, Middle East and North Africa
P: +91 98200 50519 - E: niyer[.]frost.com.

 
 
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Consumer Demand and Increasing R&D Spend Boosts Indian Test Equipment Market Finds Frost & Sullivan

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Publisher Contact: Caroline Lewis/ Akshata Mhatre 
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