Electronics Test & Measurement Software, Global, 2024–2029

This Frost & Sullivan report examines the key trends prevailing in the global electronic test and measurement (T&M) software market. The demand for software-based testing is increasing as it is cost-effective, has simulation capabilities, and requires only limited technical expertise. The focus in the market is on both organic and inorganic growth. New product innovations, along with mergers & acquisitions, are vital for vendor growth. In the current market scenario, direct sales are still more prevalent as companies try to offer a holistic package with hardware, software, and services. Subscription-based portfolios dominate the market as software testers require constant upgrades and regular follow-up with end users/customers.

The product scope includes the following:
• General purpose (GP) test software (oscilloscopes, digital multimeters, signal generators, spectrum analyzers, network analyzers, power meters, logic analyzers, electronic counters, one-box testers, bit error rate testers, and protocol analyzers)
• Data acquisition (DAQ) software (PCI, PXI, USB, Ethernet, VXI, and proprietary standard DAQ equipment)

The report offers a regional perspective of demand patterns in various advanced and emerging markets. The regional scope includes North America, Europe, the Middle East and Africa, Asia-Pacific, and the rest of the world. The end-user analysis for the study covers the semiconductor, automotive & transportation (A&T), aerospace & defense (A&D), academic, electronics, life sciences, energy, and other (process manufacturing, chemicals & materials, food & beverage) industries. The report has global coverage, with a focus on trend analysis. It examines the factors that drive and restrain growth in the electronic T&M software market, identifying the opportunities emerging from this space for market players and stakeholders to leverage.