Evolving technologies in wireless and data communication networks and infrastructure, such as long term evolution and 4G, have spurred the need for general purpose test equipment in Asia-Pacific, as testing these networks is imperative to support the product development cycle, cover a wide range of radio frequency and digital measurements, and ensure their performance, safety and security.
New analysis from Frost & Sullivan (testandmeasurement.frost.com), Asia-Pacific General Purpose Test Equipment Market, finds that the market earned revenues of more than US$888.1 million in 2012 and estimates this to reach US$1198.9 million in 2016.
"Technical advancements to efficiently manage growing data traffic and capacity issues create specific requirements in test and measurement solutions, and equipment manufacturers are widening their product portfolios to meet these requirements," said Frost & Sullivan Measurement & Instrumentation Research Analyst Susan Sahayan. "Their solutions cover test instrumentation, software and services to cater to different applications in various stages of the network lifecycle, thereby boosting market scope."
Testing devices with better throughput and functionalities, quicker measurement speeds, higher resolution and accuracy, and faster data analysis of signals are becoming popular with end users looking to reduce testing costs, adding to market revenues.
The shifting of manufacturing as well as research and development (R&D) sites to Asia-Pacific owing to lower labor costs also drives the general purpose test equipment market. With the economic growth in emerging countries, including Vietnam, Indonesia and Cambodia, attracting foreign direct investments for manufacturing and industrial activities, demand for test equipment will continue.
However, several companies in Asia-Pacific that export to Europe, especially consumer electronic device dealers, are cautious with their expenditure on test equipment due to the European downturn, thus reducing market investments. The entry of low-cost Chinese devices has intensified competition, further straining test equipment manufacturers’ profit margins.
"To maintain their market share in the face of this stiff competition, equipment suppliers must invest in innovation, R&D, and a strong product differentiation strategy," concluded Sahayan. "The drive toward renewable energy and green technologies will open up new opportunities in R&D, debugging, and lead to the development of environmental-friendly solutions."
While the demand for stand-alone test equipment is likely to decrease, the integration of various general purpose test equipment functionalities in a single product will gain relevance in the region.
If you are interested in more information on this research, please send an email to Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
Asia-Pacific General Purpose Test Equipment Market is part of the Test & Measurement Growth Partnership Service program. Frost & Sullivan’s related research services include: Global General Purpose Test Equipment Market, Asia Pacific General Purpose Test Equipment Market, Asia Pacific Oscilloscopes Market, High Growth Test and Measurement Opportunity: Modular Instruments, and Asia Pacific Modular Instrumentation Markets. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on "the next big thing" | Register: Gain access to visionary innovation
Asia-Pacific General Purpose Test Equipment Market / P6B3-30
Jessie Loh, Corporate Communications Asia Pacific
P: +65 6890 0942 / F: +65 6890 0988 - E: jessie.loh[.]frost.com.