A series of technological and functional advancements in the global test and measurement market has stepped up end-user demand for test sets with additional capabilities. Cost-conscious end-users, however, are unwilling to pay more for the extra features. This has put manufacturers under severe pricing pressure to supply test and measurement products at competitive prices, which in turn affects their profit margins.
New analysis from Frost & Sullivan (testandmeasurement.frost.com), World General Purpose Test & Measurement Equipment Market – A Compendium, reveals that revenue in this market totaled $3.84 billion in 2004 and projects to reach $5.407 billion in 2011.
If you are interested in a virtual brochure, which provides manufacturers, end-users and other industry participants an overview of the latest analysis of the World General Purpose Test & Measurement Equipments Market – A Compendium – then send an e-mail to Tori Foster – Corporate Communications at tori.foster[.]frost.comwith the following information: your full name, company name, title, telephone number, fax number and e-mail. Upon receipt of the above information, an overview will be sent to you via e-mail.
The downturn in the overall test and measurement market in 2001 and 2002 inhibited its growth and the subsequent recovery has been uneven. Badly hit companies, which lost more than half their business, have no capital to invest further.
“Nevertheless, 2003 was a turnaround year as many leading companies have recovered from the downturn and contributed to the rebuilding of the industry,” emphasizes Frost & Sullivan Sr. Research Analyst Madhan Dhandayutham.
The main growth driver is the end-users’ requirement to speed up the testing process, which spurs demand for advanced test equipment. These advanced instruments, such as the spectrum analyzer, can process signals faster, increasing the speed of the manufacturing throughput.
In addition, as wireless and other electronic industries experience a wide range of technological advancements in terms of speed, accuracy, features and other capabilities, consumer demand for high-end products is surging. These enhancements push research and development activities in test and measurement companies, especially in the case of products such as oscilloscopes, spectrum analyzers and signal generators.
Research focus is particularly required to provide equipment where measurement systems are integrated into the instruments. Along with expansion of product portfolios, this can help the growing test industry keep pace with its end-user base.
World General Purpose Test & Measurement Equipment Market – A Compendium, a part of the 9403 subscription, provides detailed revenue forecasts by region and end user. This enables manufacturers of the test & measurement equipment to design strategies and position their products to benefit from the changing markets and obtain maximum return on investments. Interviews and executive briefings are available to the press.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community, by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.
World General Purpose Test & Measurement Equipment Market – A Compendium
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Keywords in this Press Release: test & measurement, T&M, general purpose, functional, downturn, computer-controlled, throughput, spectrum analyzer, oscilloscopes, signal generators signals, research, information, market, trends, technology, service, forecast, electronic counters, logic analyzers, network analyzers, power meters, multimeters, LCR meters, PC-based test equipments, PXI, VXI, AWG, function generator