Market Research Logo

Test and Measurement Market in South Korea 2016-2020

Test and Measurement Market in South Korea 2016-2020

About the TEST AND MEASUREMENT

The T&M market in South Korea is a dynamic and steadily growing market. The use of T&M is growing in different high-tech sectors, which is enabling them to expand worldwide. T&M companies offer essential products and services to a wide range of end-users that help their customers to enhance quality, health, safety measures, productivity, and compliance in various applications.

South Korea is one of the key countries in the global T&M market, accounting for approximately 8.5% of the global T&M market. The presence of the large semiconductor, consumer electronic, communication, and automotive industries contributes to its high market share in the overall market.

Technavio’s analysts forecast the T&M market in South Korea to grow at a CAGR of 4.56% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the T&M market in South Korea for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the total consumption of T&M market in South Korea. The report does not include revenue generated from the aftermarket service of the product.

Technavio's report, T&M market in South Korea 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.

Key vendors

  • Fluke Corp.
  • Keysights Technologies, Inc.
  • Rohde & Schwarz GmbH
  • Tektronix, Inc.
  • Yokogawa Electric Corp.
Other prominent vendors
  • Anite
  • Tessco Technologies
  • Ixia
  • Siemens
  • EXFO
  • National Instruments
  • Spirent Corporation
Market driver
  • South Korea in semiconductor space
  • For a full, detailed list, view our report
Market challenge
  • Impact of slow Chinese economy
  • For a full, detailed list, view our report
Market trend
  • Emergence of 5G network
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Test and Measurement market in South Korea 2016-2020

Technavio recognizes the following companies as the key players in the Test and Measurement market in South Korea: Fluke Corp., Keysights Technologies, Inc., Rohde & Schwarz GmbH, Tektronix, Inc. and Yokogawa Electric Corp.

Other Prominent Vendors in the market are: Advantest Corporation, Anritsu, Ixia, National instruments, Qmax Test Equipment and SPX.

Commenting on the report, an analyst from Technavio’s team said: “Growing focus on renewable energy and expansion of smart grid in South Korea will provide substantial growth opportunities for market end-users like power. Electrical testers, smart relay tester, power meters, insulation tester, calibrators, frequency meters, and other various T&M equipment are used to test and rectify renewable power generation systems and ensure proper integration between smart grid systems. Thus, expansion of smart grid and renewable energy will have a positive influence on the overall market growth.”

According to the report, a key growth driver is the Software-Defined instrumentation. The software embedded in the device are increasingly defining the functionality of complex devices, posing a challenge to test engineers as the rate of change of devices under test (DUT) functionality is faster than most stand-alone instruments due to fixed user interface and firmware. This is pushing the test engineers to shift to software-defined approach to instrumentation to customize speed according so that the required application can be quicker, and testing can be directly integrated into the design process.

Further, the report states that a major factor that Increased cost of testing due to complexity of products. IoT has resulted in the introduction of several wireless devices, namely, Wi-Fi, Bluetooth, Zig-Bee, and LTE. The proliferation of IoT devices has created a demand for advanced testing equipment due to the complexity of these devices. Growing complexity of electronic devices and the emergence of customized products catering to specific needs of end-users is one of the challenges faced by manufacturers of T&M equipment. This is because it is difficult to offer a testing solution that can accommodate different technologies. RF and wireless applications are becoming ubiquitous, and personnel involved with the testing of these devices need to keep abreast of emerging wireless protocols and standards.

Companies Mentioned

Fluke Corp., Keysights Technologies, Inc., Rohde & Schwarz GmbH, Tektronix, Inc. Yokogawa Electric Corp, Advantest Corporation, Anritsu, Ixia, National instruments, Qmax Test Equipment SPX.

  • Executive Summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Sub-categories covered in ICT market
      • Table T&M market in South Korea by equipment type
  • Market landscape
    • Market overview
      • Table T&M market in South Korea
    • Market size and forecast
      • Table T&M market in South Korea 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market drivers
    • Table South Korea's share in global semiconductor industry
    • Table South Korea's semiconductor imports and exports 2005-2015 ($ billions)
    • Table South Korea in global memory market
    • Table Automotive electronic cost share of total vehicle cost 1990-2030
    • Table Domestic car sales in South Korea by brand 2014 and 2015
    • Table Smartphone sales growth in APAC 2013-2015 ($ billions)
    • Table Mobile internet subscribers in South Korea 2015 and 2020
    • Table Snapshot of South Korea's R&D sector
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Manufacturing PMI for China (2015-2016)
    • Table Important factors for vendors to sustain in T&M market
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table 4G versus 5G
    • Table Key agreements and collaboration of major vendors
    • Table Vision and goals of South Korea Smart grid
    • Table South Korea smart grid roadmap
  • Market segmentation by products
    • T&M market in South Korea by product
      • Table T&M market in South Korea by product 2015 and 2020
      • Table Segmentation by products (2015-2020)
    • GPTE
      • Table GPTE market in South Korea 2015-2020 ($ millions)
      • Table Consumer electronic sales in South Korea 2016-2020
      • Table Share of modular and traditional GPTE 2015-2020
      • Table South Korea battery market snapshot
    • ATE
      • Table ATE market in South Korea 2015-2020 ($ millions)
      • Table ATE market in South Korea 2015 and 2020
    • Wireless test equipment
      • Table Wireless test equipment market in South Korea 2015-2020 ($ millions)
      • Table Market drivers for wireless test equipment
    • Calibration equipment
      • Table Calibration equipment market in South Korea 2015-2020 ($ millions)
    • Real-time test equipment
      • Table Real-time test equipment market in South Korea 2015-2020 ($ millions)
    • Biomedical test equipment
      • Table Biomedical test equipment market in South Korea 2015-2020 ($ millions)
      • Table Medical equipment import export 2005-2015 ($ billions)
  • Market segmentation by end-user
    • T&M market in South Korea by end-user
      • Table T&M market in South Korea by end-user 2015
  • Market segmentation by product under focus for each end-user
    • Market overview
      • Table GPTE segment by end-user 2015
      • Table Semiconductor test equipment segment by end-user 2015
      • Table Wireless test equipment segment by end-user 2015
      • Table Biomedical test equipment segment by end-user 2015
      • Table Real-time testing segment by end-user 2015
      • Table Calibration test equipment segment by end-user 2015
  • Vendor landscape
    • Competitive scenario
      • Table Market share of prominent vendors in T&M market in South Korea
    • Other prominent vendors
      • Table Other prominent vendors in T&M market in South Korea
  • Key vendor analysis
    • Anritsu
    • Fluke
    • Keysight Technologies
      • Table Keysight Technologies: T&M market
    • Rohde & Schwarz
      • Table Rohde & Schwarz: T&M market
    • Tektronix
      • Table Tektronix: T&M market
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report