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Future Growth Potential in Portable and Modular Products Boosts Demand
18-Dec-2020
Global
Market Research
K570-01-00-00-00
TM00658-GL-MT_25065
The market for electronic test and measurement instruments in the global aerospace and defense industry is expected to experience an approximate 3.5% compound annual growth rate (CAGR) from 2019 to 2026. In 2019, it generated $2,041.2 million, with a base year growth rate of 2.9%. The market is set to grow further once the impact of the COVID-19 pandemic eases up.
The objective of this study is to identify the key market trends in the base year 2019 and the factors that are boosting and restraining market growth. In particular, analysis covers the product areas, vertical market segments, and application areas that will spur growth during the forecast period of 2020 to 2026.
The research provides estimates of the market size and future growth prospects up to 2026. For this purpose, a specific methodology is followed that includes discussion with senior management of test and measurement manufacturers that is supported by secondary research.
Research Highlights
In-depth analysis with market sizing of product segments:
- General purpose (GP) test equipment: oscilloscopes, digital multimeters, signal generators, spectrum analyzers, network analyzers, power meters, logic analyzers, electronic counters, one-box testers, bit error rate testers (BERT), protocol analyzers
- Data acquisition (DAQ) test equipment: PCI, PXI, USB, Ethernet, VXI, proprietary standard DAQ equipment
- Environmental test (EVT) equipment: humidity meters, sound meters, moisture meters, water quality meters, vibration testers, light meters
- Electrical test (ET) equipment: milli ohm meters (Mi o), Micro ohm meters (Me), thermal imagers (TI), ground resistance meters (GR M), harmonic testers (HT), phase/rotation testers, hipot testers, megohmmeter/insulation testers, earth and receptivity testers, voltmeters, and clamp-on ammeters
Regional perspective of demand pattern in advanced and emerging markets: North America, Europe, Asia-Pacific, and Rest of World
End-user analysis: military and defense, commercial aviation, commercial satellite
Market segment growth is forecasted, and an in-depth analysis of the competitive landscape, including vendors' market shares, is included.
- Spending on T&M will decrease in 2020 due to COVID-19 and unforeseen challenges, such as buyer purchasing power.
- Focus on research and development (R&D) will continue to boost demand as vendors will try to differentiate their products with key features and functionalities.
- Support from system integrators is an important ingredient for vendors to sell their products. Brand image plays an important role in this scenario.
- From a geographic standpoint, APAC leads with a CAGR of 3.9% between 2019 and 2026.
Author: Sujan Sami
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on Electronic Test & Measurement (T&M) in the Aerospace & Defense (A&D) Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Electronic T&M in A&D Industry Segmentation
Electronic T&M in the A&D Industry Scope of Analysis
Electronic T&M in the A&D Industry Scope of Analysis (continued)
Definitions
Definitions (continued)
Definitions (continued)
Definitions (continued)
Key Competitors for Electronic T&M in A&D Industry
Key Questions this Study will Answer
Key Growth Metrics for Electronic T&M in A&D Industry
Distribution Channels for Electronic T&M in A&D Industry
Growth Drivers for Electronic T&M in the A&D Industry
Growth Driver Analysis for Electronic T&M in the A&D Industry
Growth Driver Analysis for Electronic T&M in the A&D Industry (continued)
Growth Restraints for Electronic T&M in the A&D Industry
Growth Restraints Analysis for Electronic T&M in the A&D Industry
Forecast Assumptions—Electronic T&M in the A&D Industry
Revenue Forecast—Electronic T&M in A&D Industry
Percent Revenue by Product—Electronic T&M in A&D Industry
Revenue Forecast by Region—Electronic T&M in A&D Industry
Revenue Forecast by End User—Electronic T&M in A&D Industry
Revenue Forecast by Application—Electronic T&M in A&D Industry
Revenue Forecast Analysis—Electronic T&M in the A&D Industry
Percent Revenue Forecast Analysis by Product—Electronic T&M in the A&D Industry
Revenue Forecast Analysis by Region—Electronic T&M in the A&D Industry
Revenue Forecast Analysis by End User—Electronic T&M in the A&D Industry
Revenue Forecast Analysis by Application—Electronic T&M in the A&D Industry
Pricing Trends and Forecast Analysis—Electronic T&M in the A&D Industry
Competitive Environment—Electronic T&M in A&D Industry
Revenue Share—Electronic T&M in A&D Industry
Revenue Share Analysis—Electronic T&M in the A&D Industry
Growth Opportunity 1: Consultative Approach (Future-proof and/or Modular Instruments) for Customer Retention and Expansion, 2020
Growth Opportunity 1: Consultative Approach (Future-proof and/or Modular Instruments) for Customer Retention and Expansion, 2020 (continued)
Growth Opportunity 2: Increase in Defense Budgets, 2020
Growth Opportunity 2: Increase in Defense Budgets, 2020 (continued)
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Research Highlights
In-depth analysis with market sizing of product segments:
- General purpose (GP) test equipment: oscilloscopes, digital multimeters, signal generators, spectrum analyzers, network analyzers, power meters, logic analyzers, electronic counters, one-box testers, bit error rate testers (BERT), protocol analyzers
- Data acquisition (DAQ) test equipment: PCI, PXI, USB, Ethernet, VXI, proprietary standard DAQ equipment
- Environmental test (EVT) equipment: humidity meters, sound meters, moisture meters, water quality meters, vibration testers, light meters
- Electrical test (ET) equipment: milli ohm meters (Mi o), Micro ohm meters (Me), thermal imagers (TI), ground resistance meters (GR M), harmonic testers (HT), phase/rotation testers, hipot testers, megohmmeter/insulation testers, earth and receptivity testers, voltmeters, and clamp-on ammeters
Regional perspective of demand pattern in advanced and emerging markets: North America, Europe, Asia-Pacific, and Rest of World
End-user analysis: military and defense, commercial aviation, commercial satellite
Market segment growth is forecasted, and an in-depth analysis of the competitive landscape, including vendors' market shares, is included.
- Spending on T&M will decrease in 2020 due to COVID-19 and unforeseen challenges, such as buyer purchasing power.
- Focus on research and development (R&D) will continue to boost demand as vendors will try to differentiate their products with key features and functionalities.
- Support from system integrators is an important ingredient for vendors to sell their products. Brand image plays an important role in this scenario.
- From a geographic standpoint, APAC leads with a CAGR of 3.9% between 2019 and 2026.
Author: Sujan Sami
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Sujan Sami |
| Industries | Test and Measurement Instrumentation |
| WIP Number | K570-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9404-A5,9594,9403,99FA,9593 |
Artificial Intelligence-powered Electronic Test & Measurement Instruments Drive the Global Aerospace and Defense Industry
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