5G and IoT Accelerates the Global Electronics Test & Measurement Rental and Lease Market

5G and IoT Accelerates the Global Electronics Test & Measurement Rental and Lease Market

Strategic Partnerships with OEMs and End Users Through Innovative Operational Efficiency Focused Business Models to Fuel New Growth Opportunities

RELEASE DATE
17-Mar-2021
REGION
Global
Research Code: K5B7-01-00-00-00
SKU: TM00664-GL-MT_25301

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Description

The global electronics test & measurement rental and lease market comprise the companies and end users that opt for procuring new and used general-purpose electronics test & measurement instruments through rental or lease financing options. The rental and leasing finance model provides an alternate procurement option for end users with CAPEX issues, enabling them to use electronics test-equipment without having to own the same. Higher equipment prices, concerns on asset utilization and return-on-investment, inadequacy in project budget allocation, a need to evaluate equipment performance before making purchase decisions, etc., are some of the key factors driving this market.

The demand for rental and leasing based procurement options has increased in recent times due to the economic uncertainty induced by the COVID-19 pandemic. Market participants have taken the initiative to improve the demand for such solutions by offering innovative business models such as rent-to-own and asset management services that helped broaden the serviceable market.

Furthermore, the advancements in communication technology and the rapid penetration of IoT, AI and ML integration have resulted in the emergence of a large number of product development activities across all end-user verticals and geographies.

Even though several factors drive the market, the penetration of the rental and lease model in the global electronics test and measurement market is still low. This report is focused on assessing the current and future potential of the rental and lease market. Finally, this report highlights various growth opportunities that market participants should capitalize on in the next 5 years along with call-to-action suggestions to realize higher growth. The report has also included separate analyses by end-user vertical and geography since market dynamics and growth opportunity can vary significantly based on region and end-user vertical.

Research Scope

The geographic coverage is global and segmented into the following regions:

  • North America: the United States and Canada
  • Europe: Western Europe and Eastern Europe as well as Russia and others
  • APAC: All the countries in the APAC & Oceania
  • Rest of the World (RoW): Includes Mexico, Africa, Latin America, and the Middle East—from Egypt in the West to Iran in the East and from Turkey in the North to Yemen and Oman in the South

Verticals covered in the market are as follows:

  • Communications
  • Consumer Electronics & Semiconductor
  • Automotive
  • Aerospace and Defense
  • Others (includes industrial, education, medical, and energy)

Test equipment considered in the scope are as follows:

  • General purpose electronic test equipment (includes oscilloscopes, BERT, power analyzers, logic analyzers, protocol analyzers, DMMs
  • RF Test Equipment (includes signal generators, spectrum analyzers, network analyzers, one-box testers, power meters, and electronic counters)

Key Issues Addressed

  • What is the total market potential of the global electronics test & measurement rental and lease market?
  • What is the growth potential of the market for the next 5 years?
  • What is the impact of COVID-19 on the market?
  • How is the market growth impacted by the dynamics of different region and verticals?
  • How can market participants witness improved growth in the next 5 years?

Author: Prabhu Karunakaran

RESEARCH: INFOGRAPHIC

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Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of Top Three Strategic Imperative on the Global Electronics Test & Measurement Rental and Lease Market

Growth Opportunities Fuel the Growth Pipeline Engine™

Electronics Test & Measurement Rental and Lease Market Scope of Analysis

Market Definition for Test Equipment

Market Definition for Test Equipment (continued)

Market Scope

Market Segmentation

Key Competitors for Electronics Test & Measurement Rental and Lease Market

Key Growth Metrics for Electronics Test & Measurement Rental and Lease Market

Growth Drivers for Electronics Test & Measurement Rental and Lease Market

Growth Driver Analysis for Electronics Test & Measurement Rental and Lease Market

Growth Driver Analysis for Electronics Test & Measurement Rental and Lease Market (continued)

Growth Driver Analysis for Electronics Test & Measurement Rental and Lease Market (continued)

Growth Restraints for Electronics Test & Measurement Rental and Lease Market

Growth Restraint Analysis for Electronics Test & Measurement Rental and Lease Market

Forecast Assumptions—Electronics Test & Measurement Rental and Lease Market

Revenue Forecast—Electronics Test & Measurement Rental and Lease Market

Revenue Forecast Analysis—Electronics Test & Measurement Rental and Lease Market

Revenue Forecast Analysis—Electronics Test & Measurement Rental and Lease Market (continued)

Revenue Forecast by Region—Electronics Test & Measurement Rental and Lease Market

Revenue Forecast Analysis by Region—Electronics Test & Measurement Rental and Lease Market

Revenue Forecast by Industry Vertical—Electronics Test & Measurement Rental and Lease Market

Revenue Forecast Analysis by Industry Vertical—Electronics Test & Measurement Rental and Lease Market

Revenue Forecast Analysis by Industry Vertical—Electronics Test & Measurement Rental and Lease Market (continued)

Revenue Forecast by Equipment Type—Electronics Test & Measurement Rental and Lease Market

Revenue Forecast Analysis by Equipment Type—Electronics Test & Measurement Rental and Lease Market

Pricing Trends and Forecast Analysis—Electronics Test & Measurement Rental and Lease Market

Competitive Environment—Electronics Test & Measurement Rental and Lease Market

Company Ranking Analysis—Electronics Test & Measurement Rental and Lease Market

Company Ranking Analysis—Electronics Test & Measurement Rental and Lease Market (continued)

Company Ranking Analysis—Electronics Test & Measurement Rental and Lease Market (continued)

Key Growth Metrics—Electronics Test & Measurement Rental and Lease Market: North America

Key Findings—Electronics Test & Measurement Rental and Lease Market: North America

Revenue Forecast—Electronics Test & Measurement Rental and Lease Market: North America

Revenue Forecast Analysis—Electronics Test & Measurement Rental and Lease Market: North America

Revenue Forecast by Industry Vertical—Electronics Test & Measurement Rental and Lease Market: North America

Revenue Forecast Analysis by Industry Vertical—Electronics Test & Measurement Rental and Lease Market: North America

Revenue Forecast Analysis by Industry Vertical—Electronics Test & Measurement Rental and Lease Market: North America (continued)

Revenue Forecast by Equipment Type—Electronics Test & Measurement Rental and Lease Market: North America

Revenue Forecast Analysis by Equipment Type—Electronics Test & Measurement Rental and Lease Market: North America

Company Ranking Analysis—Electronics Test & Measurement Rental and Lease Market: North America

Key Growth Metrics for Electronics Test & Measurement Rental and Lease Market—Europe

Key Findings—Electronics Test & Measurement Rental and Lease Market: Europe

Revenue Forecast—Electronics Test & Measurement Rental and Lease Market: Europe

Revenue Forecast Analysis—Electronics Test & Measurement Rental and Lease Market: Europe

Revenue Forecast by Industry Vertical—Electronics Test & Measurement Rental and Lease Market: Europe

Revenue Forecast Analysis by Industry Vertical—Electronics Test & Measurement Rental and Lease Market: Europe

Revenue Forecast Analysis by Industry Vertical—Electronics Test & Measurement Rental and Lease Market: Europe (continued)

Revenue Forecast by Equipment Type—Electronics Test & Measurement Rental and Lease Market: Europe

Revenue Forecast Analysis by Equipment Type—Electronics Test & Measurement Rental and Lease Market: Europe

Company Ranking Analysis—Electronics Test & Measurement Rental and Lease Market: Europe

Company Ranking Analysis—Electronics Test & Measurement Rental and Lease Market: Europe (continued)

Key Growth Metrics for Electronics Test & Measurement Rental and Lease Market—Asia-Pacific

Key Findings—Electronics Test & Measurement Rental and Lease Market: Asia-Pacific

Revenue Forecast—Electronics Test & Measurement Rental and Lease Market: Asia-Pacific

Revenue Forecast Analysis—Electronics Test & Measurement Rental and Lease Market: Asia-Pacific

Revenue Forecast by Industry Vertical—Electronics Test & Measurement Rental and Lease Market: Asia-Pacific

Revenue Forecast Analysis by Industry Vertical—Electronics Test & Measurement Rental and Lease Market: Asia-Pacific

Revenue Forecast Analysis by Industry Vertical—Electronics Test & Measurement Rental and Lease Market: Asia-Pacific (continued)

Revenue Forecast by Equipment Type—Electronics Test & Measurement Rental and Lease Market: Asia-Pacific

Revenue Forecast Analysis by Equipment Type—Electronics Test & Measurement Rental and Lease Market: Asia-Pacific

Company Ranking Analysis—Electronics Test & Measurement Rental and Lease Market: Asia-Pacific

Company Ranking Analysis—Electronics Test & Measurement Rental and Lease Market: Asia-Pacific (continued)

Key Growth Metrics for Electronics Test & Measurement Rental and Lease Market—ROW

Key Findings—Electronics Test & Measurement Rental and Lease Market: ROW

Revenue Forecast—Electronics Test & Measurement Rental and Lease Market: ROW

Revenue Forecast Analysis—Electronics Test & Measurement Rental and Lease Market: ROW

Revenue Forecast by Industry Vertical—Electronics Test & Measurement Rental and Lease Market: ROW

Revenue Forecast Analysis by Industry Vertical—Electronics Test & Measurement Rental and Lease Market: ROW

Revenue Forecast Analysis by Industry Vertical—Electronics Test & Measurement Rental and Lease Market: ROW (continued)

Revenue Forecast by Equipment Type—Electronics Test & Measurement Rental and Lease Market: ROW

Revenue Forecast Analysis by Equipment Type—Electronics Test & Measurement Rental and Lease Market: ROW

Company Ranking Analysis—Electronics Test & Measurement Rental and Lease Market: ROW

Company Ranking Analysis—Electronics Test & Measurement Rental and Lease Market: ROW (continued)

Growth Opportunity 1: Emerging Technology Driven Product Developments Boosts Demand for Rental & Leasing Market

Growth Opportunity 1: Emerging Technology Driven Product Developments Boosts Demand for Rental & Leasing Market (continued)

Growth Opportunity 2: Business Models Embracing Digital Transformation Solutions will Improve Rental Market Prospects

Growth Opportunity 2: Business Models Embracing Digital Transformation Solutions will Improve Rental Market Prospects (continued)

Growth Opportunity 3: Strategic Partnerships with TIC Companies will Improve Volume of Rental Contracts

Growth Opportunity 3: Strategic Partnerships with TIC Companies will Improve Volume of Rental Contracts (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

Related Research
The global electronics test & measurement rental and lease market comprise the companies and end users that opt for procuring new and used general-purpose electronics test & measurement instruments through rental or lease financing options. The rental and leasing finance model provides an alternate procurement option for end users with CAPEX issues, enabling them to use electronics test-equipment without having to own the same. Higher equipment prices, concerns on asset utilization and return-on-investment, inadequacy in project budget allocation, a need to evaluate equipment performance before making purchase decisions, etc., are some of the key factors driving this market. The demand for rental and leasing based procurement options has increased in recent times due to the economic uncertainty induced by the COVID-19 pandemic. Market participants have taken the initiative to improve the demand for such solutions by offering innovative business models such as rent-to-own and asset management services that helped broaden the serviceable market. Furthermore, the advancements in communication technology and the rapid penetration of IoT, AI and ML integration have resulted in the emergence of a large number of product development activities across all end-user verticals and geographies. Even though several factors drive the market, the penetration of the rental and lease model in the global electronics test and measurement market is still low. This report is focused on assessing the current and future potential of the rental and lease market. Finally, this report highlights various growth opportunities that market participants should capitalize on in the next 5 years along with call-to-action suggestions to realize higher growth. The report has also included separate analyses by end-user vertical and geography since market dynamics and growth opportunity can vary significantly based on region and end-user vertical.--BEGIN PROMO--

Research Scope

The geographic coverage is global and segmented into the following regions:

  • North America: the United States and Canada
  • Europe: Western Europe and Eastern Europe as well as Russia and others
  • APAC: All the countries in the APAC & Oceania
  • Rest of the World (RoW): Includes Mexico, Africa, Latin America, and the Middle East—from Egypt in the West to Iran in the East and from Turkey in the North to Yemen and Oman in the South

Verticals covered in the market are as follows:

  • Communications
  • Consumer Electronics & Semiconductor
  • Automotive
  • Aerospace and Defense
  • Others (includes industrial, education, medical, and energy)

Test equipment considered in the scope are as follows:

  • General purpose electronic test equipment (includes oscilloscopes, BERT, power analyzers, logic analyzers, protocol analyzers, DMMs
  • RF Test Equipment (includes signal generators, spectrum analyzers, network analyzers, one-box testers, power meters, and electronic counters)

Key Issues Addressed

  • What is the total market potential of the global electronics test & measurement rental and lease market?
  • What is the growth potential of the market for the next 5 years?
  • What is the impact of COVID-19 on the market?
  • How is the market growth impacted by the dynamics of different region and verticals?
  • How can market participants witness improved growth in the next 5 years?

Author: Prabhu Karunakaran

More Information
No Index No
Podcast No
Author Prabhu Karunakaran
Industries Test and Measurement Instrumentation
WIP Number K5B7-01-00-00-00
Is Prebook No
GPS Codes 9404-A5,9594,9403,99FA,9593,9408