|
|
World General Purpose Test and Measurement Equipment MarketPublished by: Frost & Sullivan Published: Jan. 22, 2007 - 247 Pages Table of Contents
AbstractResearch OverviewThis Frost & Sullivan research service titled World General Purpose Test and Measurement Equipment Market provides an overview of the worldwide market for different product segments in terms of revenues by end-users and geographic regions, along with a complete analysis of key market drivers, restraints, and trends that impact the growth of this market. In this study, Frost & Sullivan's expert analysts thoroughly examine the following markets: communications, electronics manufacturing, defense and aerospace, and industrial and automotive. Market Overview Growth in Telecommunications Sector Boosts Growth of General Purpose Test Equipment The world general purpose test and measurement market generated revenues of approximately $1.70 billion in 2005. 2003 was the turnaround year for this industry, marked mainly by the recovery of its end-user industries. Since then, the general purpose test and measurement industry has slowly but steadily been rebuilding itself. "The communication end-user segment holds greatest promise in this industry as due to the rapid technological advancements taking place, demand from this sector is expected to grow," according to the analyst of the study. "The ongoing war against terrorism also indicates increase in demand from the defense and aerospace end-user segment." Growth of the telecommunications sector is expected to be vital to the growth of the general purpose test and measurement equipment market. Despite the slump in the communications industry in 2001 and 2002, it continues to drive the general purpose test and measurement equipment market. This is reflected not only in terms of revenue growth, but also in terms of the technology being used in this market. With technologies such as such as wireless interoperability for microwave access (WiMAX), third generation (3G) wireless, and wideband code-division multiple access (WCDMA) coming to the forefront, this segment is expected to have a strong impact on the market. Shift toward Asia Drives the General Purpose Test Equipment Market Traditionally, North America and Europe have been the major contributors in terms of revenues for the general purpose test and measurement equipment market. Most test equipment vendors and end users were based in this region, but with manufacturers becoming more cost conscious, the trend is shifting toward the Asia Pacific region. Due to the lower production costs, many end users, especially the communications and electronics manufacturing industries, have shifted to this region. As a result, vendors have also started shifting to Asia to take advantage of the lower production and labor costs. Some of the leading vendors such as Agilent Technologies have followed suit in establishing manufacturing and R&D facilities in this region. "Several leaders in the test and measurement equipment market already have a strong presence in Asia through sales and regional offices," explains the analyst. " Get Full Details About This Report >> |
|
|||
|
About MarketResearch.com
|
||||