About Test and Measurement (T&M) Equipment
T&M equipment is used for analyzing and measuring electronic and mechanical devices throughout their lifecycle. The equipment is used in processes such as initial designing, 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, to check the uniformity of products as per the required specifications, and ascertain whether the devices are performing at optimum efficiency.
Technavio’s analysts forecast the test and measurement market in Malaysia to grow at a CAGR of 6.15% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the test and measurement market in Malaysia for 2016-2020. To determine the market size, the demand for T&M equipment from various end-user segments has been considered.
The market is divided into the following segments based on equipment type:
Technavio Announces the Publication of its Research Report – Test and Measurement (T&M) Market in Malaysia 2016-2020
Technavio recognizes the following companies as the key players in the test and measurement (T&M) market in Malaysia: Anritsu, Fluke, Keysight Technologies, National Instruments, Rohde & Schwarz, and Tektronix.
Other Prominent Vendors in the market are: Anite, EXFO, Ixia, Siemens, Spirent Communications, TESSCO Technologies, and Yokogawa Electric.
Commenting on the report, an analyst from Technavio’s team said: “Emergence of 5G network will be a key trend for market growth. The need to support demand for broad band services over mobile networks as well as the emergence of IoT has triggered the development of 5G networks. These networks enable the use of unused frequency bands, such as the V band, to transport large amounts of data. The emergence of 5G network will drive the demand for wireless test equipment market.”
According to the report, growth of telecommunication sector will be a key driver for market growth. Over the last decade, the telecom sector in Malaysia registered growth due to the rapid expansion of high-speed broadband (HSBB) services along with strong subscriber growth. However, the country's telecom sector is experiencing a decline in fixed-line services with a significant fall in fixed line market penetration. The shift toward wireless broadband and mobile networks is the main reason for the decline in fixed-line services, which is further expected to have a positive impact on the market.
Further, the report states that declining automotive production and demand will be a challenge for the market. The automotive sector is a major end-user of T&M equipment, especially GPTE and calibration. The declining production and demand for automotive in Malaysia will have a negative impact on the market. Automotive sales are expected to register a decline of approximately 1.5% in 2016, stalling at around 650,000 units. The rising prices of automobiles, tightening of credit approvals, and the weakening ringgit are some of the major reasons for the decline in automotive sales in the country. The rising cost of raw materials is compelling OEMs to increase the prices of automobiles.
Anritsu, Fluke, Keysight Technologies, National Instruments, Rohde & Schwarz, Tektronix, Anite, EXFO, Ixia, Siemens, Spirent Communications, TESSCO Technologies, Yokogawa Electric.