
Electronic T&M Market to Reach $4.5 billion by 2010
The
global electronic test and measurement instruments market is projected
to reach 4.0 million units generating sales worth US$4.5 billion in
2010, according to Global Industry Analysts Inc.
Electronic
test and measurement instruments demand has traditionally been propped
up by growth in telecommunications industry. As the largest end-use
market, telecommunication networks are exceedingly dependent on the
functionality of electronic test and measurement instruments, as the
minutest distortion of signals can result in failure to communicate.
Establishment of new networks in developing economies and the need to
upgrade existing communication infrastructure are the major demand
drivers for electronic test and measurement instruments market.
Volt/Am/Watt
meters market, the largest and fastest growing segment, is projected to
account for 3.0 million units by 2010. Unit demand for oscilloscopes
(digital, analogue and PC-based) is projected to grow at 1.5% over the
forecast period 2001-2010. Oscilloscopes market, in value terms,
represents the largest and fastest growing segment over the analysis
period 2001-2010, expanding at a CAGR of 2.1% during the period.
Communications
industry represents the largest consumer of electronic test and
measurement instruments through 2001-2010. The industry demand is
projected to reach 1.2 million units by 2010. Industrial electronics
and automotive denotes the fastest growing end-use industry for
electronic test and measurement instruments, expanding at a CAGR of
3.1% through 2001-2010.
As per the findings of the new
report, definite shift in telecommunications market towards 3G mobile
systems has opened up a world of opportunities for select product
segments capable of high-resolution measurements such as signal
analyzers. Future demand for electronic test and measurement
instruments is expected to stem from new emerging application areas in
communication, such as, satellite-based personal networks, home
automation networks, wireless local area networks, and wireless
Internet.
Surge in the upcoming years will be fuelled
by growth in electronics, telecom, personal entertainment, and Internet
infrastructure industries. The trend towards faster Internet
connectivity, advanced wireless telecom features, Internet-ready
phones, high-speed networks, and deployment of highly sophisticated
computers are some of the factors expected to lead to a spurt in
innovations in electronic test and measurement technology.
For the latest in T&M technology, don’t miss our special focus on Test and Measurement in the March issue of Canadian Electronics magazine.
Tim Gouldson, Editor, Canadian Electronics tgouldson@clbmedia.ca
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