Test and Measurement Market in Singapore 2016-2020
About the TEST AND MEASUREMENT
Test and measurement equipment is used for analyzing and measuring electronic and mechanical devices throughout their lifecycle. The tools are utilized in 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 optimum efficiency.
Technavio’s analysts forecast the test and measurement market in Singapore to grow at a CAGR of 4.9% 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 Singapore for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the total consumption of test and measurement market in Singapore. The report does not include revenue generated from the aftermarket service of the product.
Technavio's report, test and measurement market in Singapore 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 Singapore 2016-2020
Technavio recognizes the following companies as the key players in the Test and Measurement market in Singapore: Fluke Corp., Keysights Technologies, Inc., National Instruments Corp., Rohde & Schwarz GmbH and Tektronix, Inc.
Other Prominent Vendors in the market are: Anritsu, EXFO, Ixia, Spirent Corporation, Yokogawa Electric, Siemens, Anite and Tessco Technologies.
Commenting on the report, an analyst from Technavio’s team said: “Test and measurement equipment are extensively used in data centers to ensure adequate capacity, performance, and reliability of data centers and their networking infrastructure. T&M equipment such as electrical energy loggers, infrared imaging systems, cable testing for both copper and fiber installations, return loss testers or more sophisticated optical time-domain reflectometers are extensively used for data centers. The standards that data centers adhere to also require testing and measurement, thus calling for T&M equipment. The T&M vendors in Singapore are increasingly focusing on the data center market in the country and offering specialized T&M equipment due to the data center market's expanding potential. Companies such as Keysight Technologies and Fluke are actively developing T&M solutions for data centers. Some examples are the Fluke MultiFiber Pro for diagnosing bad connections and Keysight's Tunable Laser Sources for testing data center devices introduced in 2016. Thus, the growth of the data center market in Singapore will also contribute to the T&M market.”
According to the report, a key growth driver is the Electronics industry revitalizing semiconductor industry. The electronic industry in Singapore is rapidly moving toward smart and connected devices to complement an increasingly mobile, connected, and sensory world and to become a hub in Asia for global technology leaders. In addition, Singapore's strong fundamentals in the electronics industry attract electronic companies for development and expansion into new markets, products and processes, technologies and applications.
Further, the report states that a major factor that need for price-sensitive and multiple-technology solutions. Advances in technology have encouraged companies to invest in innovative products, thus increasing market competitiveness. Evolving consumer preferences have increased the need for investments in product development. The majority of T&M equipment vendors are dependent on raw materials from China to manufacture products. The increase in raw material costs and import duties imposed by governments worldwide have increased the production cost of T&M equipment.
Fluke Corp., Keysights Technologies, Inc., National Instruments Corp., Rohde & Schwarz GmbH, Tektronix, Inc, Anritsu, EXFO, Ixia, Spirent Corporation, Yokogawa Electric, Siemens, Anite, Tessco Technologies.
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