Research Nester released a report titled “Precision Source Measure Unit Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global precision source measure unit market in terms of market segmentation by current range, form factor, application, end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Precision source measure unit is an essential instrument for precise design engineers and test engineers used mainly for testing applications. Owing to the increasing requirement of high precision and accuracy equipments in various end user industries as well as its flexibility and repeatability in measurement, the precision source measure unit market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028. The market is segmented by form factor into benchtop and modular, out of which, the segment for modular is anticipated to grow at the highest rate in the market. This can be attributed to the flexibility it provides to reduce the cost of a test and its high precision, resolution and accuracy coupled with ability to integrate with different types of instruments.
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Based on the regional analysis, the precision source measure unit market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is predicted to hold the leading share in the market on account of increasing automation in manufacturing industries and demand from various end-user industries, as well as for the presence of leading market players.
Increasing Demand for Automation in Automobile Industry to Boost the Market Growth
There is an increasing demand for measuring units to facilitate the testing process more quickly and easily in order to meet the growing requirements for high precision, resolution, accuracy and repeatability of equipments in various end user industries. Further, the need to perform large number of testing of electronic parts in vehicles and provision of multipoint measurements in automotive tests is anticipated to increase the market growth over the forecast period.
However, concerns regarding high initial and maintenance costs of precision source measure unit is estimated to hamper the market growth.
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This report also provides the existing competitive scenario of some of the key players of the global precision source measure unit market which includes company profiling ofTektronix, Inc., National Instruments (NASDAQ:NATI), Marvin Test Solutions, Inc., Rohde & Schwarz GmbH & Co. KG, Yokogawa Test & Measurement Corporation (TYO:6841), Advantest Corporation (TSE:6857), Chroma ATE Inc., Keysight Technologies (NYSE:KEYS), Viavi Solutions, Inc. (NASDAQ:VIAV) and VX Instruments GmbH. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global precision source measure unit market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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