Test and Measurement Market in Australia 2016-2020
About the TEST AND MEASUREMENT
T&M equipment is used to analyze and measure electronic and mechanical devices throughout their life cycle. The equipment is also deployed in the initial design, development, verification, maintenance, and repair of electronic and mechanical products. Industries such as communications, aerospace and defense, mechanical, and electronics use this equipment to test their design prototypes or finished products, check the uniformity of the products as per the required specifications, and ascertain whether the devices are performing at their optimum efficiencies.
Technavio’s analysts forecast the test and measurement (T&M) market in Australia to grow at a CAGR of 5.96% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the test and measurement (T&M) market in Australia for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the total consumption of test and measurement (T&M) market in Australia. The report does not include revenue generated from the aftermarket service of the product.
Technavio's report, test and measurement (T&M) market in Australia 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Test and Measurement market in Australia 2016-2020
Technavio recognizes the following companies as the key players in the Test and Measurement market in Australia: Anritsu Corp., Fluke, Keysights Technologies, Inc., National Instruments Corp., and Rohde & Schwarz GmbH.
Other Prominent Vendors in the market are: Anite, IXIA, Tessco Technologies, Siemens, EXFO, Spirent Communications and Yokogawa.
Commenting on the report, an analyst from Technavio’s team said: The increase in the number of mobile users, loads on mobile networks, and the emergence of Internet of Things (IoT) have triggered the development of 5G networks. These networks enable the use of unused frequency bands, such as the V band, to transport large data amounts.”
According to the report, a key growth driver is the Data outsourcing gaining prominence. A data center is a centralized facility used for data computing, processing, and storage. It includes high-performance servers, networking equipment, storage arrays, and supporting services such as powering and cooling solutions. Data centers are established by either large-scale enterprises or enterprises that offer cloud-based services. Enterprises build colocation and managed hosting data center facilities and rent these to other large enterprises and small and medium-sized enterprises (SMEs). With increased use of big data analytics and the evolution of cloud computing, more number of data centers are needed to cater to the increased computing requirement of enterprises.
Further, the report states that a major factor that the major T&M equipment manufacturers are highly dependent upon raw materials from China for their manufacturing process. The rise in raw material costs and import duties imposed by governments worldwide have increased the production cost of T&M equipment.
Anritsu Corp., Fluke, Keysights Technologies, Inc., National Instruments Corp., Rohde & Schwarz GmbH, Anite, IXIA, Tessco Technologies, Siemens, EXFO, Spirent Communications, Yokogawa.
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