About Test and Measurement (T&M) in Thailand
T&M equipment is used to analyze and measure electronic and mechanical devices throughout their lifecycle. Also, it finds application in the initial design, development, verification, maintenance, and repair of electronic and mechanical products. Industries such as communications, automotive, aerospace and defense, mechanical, and electronics use T&M equipment to check their design prototypes or finished products, examine products' uniformity as per required specifications, and determine whether the devices are performing with optimum efficiency. The growth in data traffic volumes and increased demand from the manufacturing sector should drive the demand for T&M equipment in Thailand.
Technavio’s analysts forecast the T&M market in Thailand to grow at a CAGR of 5.42% 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 Thailand for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the demand for T&M from various end-user segments like telecom services and operators, electronics manufacturing, machine and equipment manufacturing, chemicals, food and beverage, power transmission and distribution, airport, metrology/defense/utility/medical, education and research institute, pipeline and storage, independent maintenances and repair, Energy saving and pulp and paper.
The market is divided into the following segments based on equipment types:
Technavio Announces the Publication of its Research Report – Test and Measurement (T&M) Market in Thailand 2016-2020
Technavio recognizes the following companies as the key players in the test and measurement (T&M) market in Thailand: Anritsu, Fluke, Keysight Technologies, National Instruments, Rohde & Schwarz, and Tektronix.
Other Prominent Vendors in the market are: Anite, Tessco Technologies, IXIA, Siemens, EXFO, Spirent Communications, and Yokogawa.
Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be development of integrated and application-specific test equipment. The demand for integrated test equipment has increased significantly. End-users of test equipment prefer integrated test equipment that can perform multifunctional operations better than traditional standalone equipment. Modular test equipment is growing more rapidly than traditional test equipment in terms of adoption. The ability to perform multiple tests simultaneously is a key feature of the modular test equipment that helps reduce costs and time. This has created an increase in the need for integrated test equipment worldwide.”
According to the report, growth in telecommunication sector will be a key driver for market growth. End-users such as mobile device manufacturers, telecommunication service providers, network equipment manufacturers, and telecom service providers widely adopt communication T&M solutions. Countries in APAC such as Thailand, Indonesia, and India offer significant growth opportunity for communication T&M equipment. The rise in mobile phone penetration in these countries augurs well with the market growth. Enterprises are turning toward communication T&M to deliver their customers high-quality and performance services.
Further, the report states that slowdown in Chinese economy will be a major challenge for the market. China is a leading consumer of export products from Thailand. However, the growth of the manufacturing sector in China, especially industrial machinery, is experiencing slowdown due to market overcapacity. This factor combined with the country’s effort to shift to consumer-led economy will negatively impact the demand for export products from Thailand. The slowdown of the Chinese economy in 2014-2015 will also have an adverse impact on the export market of Thailand.
Anritsu, Fluke, Keysight Technologies, National Instruments, Rohde & Schwarz, Tektronix, Anite, Tessco Technologies, IXIA, Siemens, EXFO, Spirent Communications, Yokogawa.