Global General Purpose Test Equipment (GPTE) Market 2023-2027

Global General Purpose Test Equipment (GPTE) Market 2023-2027
The general purpose test equipment (GPTE) market is forecasted to grow by USD 2,131.95 mn during 2022-2027, accelerating at a CAGR of 5.99% during the forecast period. The report on the general purpose test equipment (GPTE) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand from end-user industries, continuous technological developments in the communication industry, and increase in the number of smart-connected devices.

Technavio's general purpose test equipment (GPTE) market is segmented as below:

By ProductOscilloscopeSpectrum analyzerSignal generatorNetwork analyzerMultimeter and othersBy End-userCommunicationIndustrialAerospace and defenseElectronics and semiconductorOthersBy Geographical LandscapeAPACNorth AmericaEuropeSouth AmericaMiddle East and AfricaThis study identifies the growing adoption of modular GPTE as one of the prime reasons driving the general purpose test equipment (GPTE) market growth during the next few years. Also, increasing adoption of autonomous and electric vehicles and advent of integrated industry 4.0 and quality 4.0 with IoT will lead to sizable demand in the market.

The report on the general purpose test equipment (GPTE) market covers the following areas:General purpose test equipment (GPTE) market sizingGeneral purpose test equipment (GPTE) market forecastGeneral purpose test equipment (GPTE) market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading general purpose test equipment (GPTE) market vendors that include Advantest Corp., Agilent Technologies Inc., Anritsu Corp., Aplab Ltd., Danaher Corp., Keysight Technologies Inc., Lauterbach GmbH, National Instruments Corp., Rohde and Schwarz GmbH and Co. KG, Scientech Technologies Pvt. Ltd., Seaward Electronic Ltd., SGS SA, TEGAM Inc., Tektronix Inc., Teledyne Technologies Inc., Texas Instruments Inc., Thermo Fisher Scientific Inc., Viavi Solutions Inc., Yokogawa Electric Corp., and AMETEK Inc.. Also, the general purpose test equipment (GPTE) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.