GPTE market size projected to grow by $1.95 billion, increasing demand from end-user industries to drive market growth

NEW YORK, November 22, 2022 /PRNewswire/ — The “General Test Equipment (GPTE) Market. by Product, End-User and Geography – Forecast and Analysis 2022-2026′ has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proud to have worked with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for General Purpose Test Equipment (GPTE) Market Size between 2021-2026 is $1.95 billion. To get the exact annual growth variance and YOY growth rate, Request a FREE sample PDF report.

Technavio has announced its latest market research report titled Global General Purpose Test Equipment (GPTE) Market

Technavio has announced its latest market research report titled Global General Purpose Test Equipment (GPTE) Market

key market dynamics

  • Key Driver: The growing demand from the end-user industries is driving the market growth. GPTE plays an important role in automated control systems as they govern the movement of the entire machine. The use of automated machines helps to automate the operation of machines and reduce the amount of work. Automated machines require continuous testing of components, driving demand for GPTE in end-use industries such as food & beverage, automotive, manufacturing, and energy & utilities. Additionally, demand for passenger cars in APAC is expected to increase, which will further drive demand for GPTE in the years to come.

  • Great Challenge: The long replacement cycle of GPTEs such as oscillators, spectrum analyzers, signal generators and network analyzers challenges the market growth. In the event of a fault, only the affected part needs to be replaced. In order to save costs, buyers therefore prefer to retrofit components rather than replace the entire system. You also have the option of contacting specialized service providers or vendors. Therefore, the long product replacement cycle prevents customers from switching vendors. Such factors are expected to hamper the market growth over the forecast period.

To learn more about other important drivers, trends and challenges – Read our FREE sample report now!

provider landscape

The market is fragmented due to the presence of a large number of international and local actors. International players have developed a wide range of energy-efficient GPTE and offer products for almost all end-user applications. There are also several local vendors in the market that serve the demand for specific end-user applications. This has led to intense competition in regional markets. Vendors focus on providing test and measurement equipment that meets customers’ needs. The competition in the market is expected to intensify during the forecast period as several companies invest in emerging markets owing to the growth prospects.

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market segmentation

The General Test Equipment (GPTE) market report is segmented by Product (Oscilloscope, Spectrum Analyzer, Signal Generator, Network Analyzer, and Other Products), End-User (Communication, Industrial, Aerospace & Defense, Electronics & Semiconductor, And Other). , and geography (APAC, North America, Europe, South Americaand middle East and Africa). APAC will be the leading region with 40% of the market growth during the forecast period. China, Japanand South Korea is the key country for General Purpose Test Equipment (GPTE) market in APAC.

For more insights into the contribution of each segment and regional opportunities, see the report. buy report

Some companies mentioned

  • Agilent Technologies Inc.

  • AMETEK Inc.

  • Anritsu Corp.

  • Aplab Ltd.

  • danaher corp

  • Fortive Corp.

  • Keysight Technologies Inc.

  • Lauterbach GmbH

  • National Instruments Corp.

  • Rohde and Schwarz GmbH and Co. KG

  • Scientech Technologies Pvt. GmbH.

  • Seaward Electronics Ltd.

  • SGS SA

  • roof inc

  • Texas Instruments Inc.

  • Thermo Fisher Scientific Inc.

  • Viavi Solutions Inc.

  • Yokogawa Electric Corp.

  • Advantest Corp.

  • Teledyne Technologies Inc.

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Market Scope for General Test Equipment (GPTE)

report coverage

details

page number

120

base year

2021

forecast period

2022-2026

Growth Dynamics & CAGR

Accelerate with a CAGR of 5.58%

Market growth 2022-2026

$1.95 billion

market structure

fragmented

YoY Growth (%)

4.75

Regional Analysis

APAC, North America, Europe, South America, and Middle East & Africa

make a market contribution

APAC at 40%

Important consumer countries

USA, China, Japan, South Korea and Germany

competitive landscape

Leading companies, competitive strategies, levels of consumer engagement

company profiled

Agilent Technologies Inc., AMETEK Inc., Anritsu Corp., Aplab Ltd., Danaher Corp., Fortive Corp., Keysight Technologies Inc., Lauterbach GmbH, National Instruments Corp., Rohde und Schwarz GmbH und Co. KG, Scientech Technologies Pvt . Ltd., Seaward Electronic Ltd., SGS SA, TEGAM Inc., Texas Instruments Inc., Thermo Fisher Scientific Inc., Viavi Solutions Inc., Yokogawa Electric Corp., Advantest Corp. and Teledyne Technologies Inc.

market dynamics

Root market analysis, market growth drivers and barriers, fast growing and slow growing segment analysis, impact of COVID-19 and future consumer dynamics, and analysis of market conditions for the forecast period.

customization area

If our report does not contain the data you are looking for, you can contact our analysts and have segments adjusted.

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Key topics covered

1. Summary

2 market landscape

3 market size

4 Five Forces Analysis

5 Market Segmentation by Product

6 Market Segmentation by End User

7 customer landscape

8 Geographical Landscape

9 drivers, challenges and trends

10 provider landscape

11 Vendor Analysis

12 Appendix

about us

Technavio is a leading global technology research and consulting firm. Her research and analysis focuses on trends in emerging markets and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialist analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies and spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive reporting, extensive research and actionable market insights to identify opportunities in existing and potential markets and to assess their competitive position in changing market scenarios.

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Global GPTE (General Purpose Test Equipment) Market

Global GPTE (General Purpose Test Equipment) Market

decision

decision

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