General-purpose Test Equipment (GPTE) Market: Introduction

  • General-purpose test equipment (GPTE) are largely used for testing and measurement of design prototypes and finished products with required specifications
  • GPTE include different testing and measuring (T&M) equipment such as spectrum analyzers, oscilloscopes, power meters, signal generators, electronic counters, logic analyzers, and multi-meters
  • GPTE are being adopted largely in industries including communications and aerospace & defense. These equipment are employed to learn whether the electronic devices manufactured for different end-use industries are satisfying their intended purpose.

General Purpose Test Equipment (GPTE) Market: Dynamics

  • Growing adoption of modular test and measurement equipment is expected to be a key factor driving the global general-purpose test equipment (GPTE) market during the forecast period
  • Advancements in the test and measurement technology have augmented the interest in modular test and measurement equipment. These advancements are helping manufacturers in expanding the service life of test and measurement equipment, while decreasing repair and maintenance costs and improving operational efficiency.
  • Moreover, increasing demand from the telecommunication industry for testing the standards and protocols for LTE networks is expected to boost the global general-purpose test equipment (GPTE) market during the forecast period
  • However, increasing adoption of rental or leasing services is expected to hamper the global GPTE market in the recent future
  • Growing awareness about rental services for testing design prototypes and finished products across various end-use industries and increasing production and R&D activities have propelled the adoption of rental general purpose test equipment. This limits the global general-purpose test equipment (GPTE) market.
general purpose test equipment gpte market

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General Purpose Test Equipment (GPTE) Market: Segmentation

  • Based on product, the global general-purpose test equipment (GPTE) market can be divided into signal generator, spectrum analyzer, network analyzer, oscilloscope, and others
  • The oscilloscope segment accounted for a major share of the global GPTE market in 2018 and is likely to continue its dominance throughout the forecast period 
  • Based on application, the global general-purpose test equipment (GPTE) market can be segmented into communication, aerospace & defense, industrial, electronics & semiconductors, and others

Asia Pacific to Lead Global Market for General Purpose Test Equipment (GPTE)

  • In terms of region, the global general-purpose test equipment (GPTE) market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
  • Asia Pacific is likely to dominate the global market for general-purpose test equipment (GPTE) from 2019 to 2027, followed by EMEA and North America
  • Asia Pacific is a major hub for several industries including automotive and electrical & electronics. China, India, and South Korea are leading manufacturers of consumer electronics devices, such as smartphones, tablets, laptops, and gaming consoles, in the region. Growth of automotive and electrical & electronics industries in the region drives the general purpose test equipment (GPTE) market in Asia Pacific.

Key Manufacturers Operating in Market

The global general-purpose test equipment (GPTE) market was moderately fragmented in 2018. Key manufacturers operating in the global market are:

  • Anritsu Corporation
  • Rohde & Schwarz GmbH & Co KG
  • National Instruments Corporation
  • Keysight Technologies
  • Teledyne Technologies, Inc.
  • Lauterbach GmbH
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Global General-purpose Test Equipment (GPTE) Market: Research Scope

General-purpose Test Equipment (GPTE) Market, by Product

  • Signal Generator
  • Spectrum Analyzer
  • Network Analyzer
  • Oscilloscope
  • Others

General-purpose Test Equipment (GPTE) Market, by End-user

  • Communication
  • Aerospace & Defense
  • Industrial
  • Electronics & Semiconductors
  • Others

Global General-purpose Test Equipment (GPTE) Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Mexico
    • Rest of South America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
general purpose test equipment gpte market 2

 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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