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Source Measure Unit Trends and Forecast
The future of the global source measure unit market looks promising with opportunities in the automotive, IT & telecommunication, and process markets. The global source measure unit market is expected to reach an estimated $1.61 billion by 2030 with a CAGR of 7.0% from 2024 to 2030. The major drivers for this market are increasing application in testing semiconductors. active/passive components, and other devices and growing adoption of source measure units owing to their flexibility and integration in electronics.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Source Measure Unit by Segment
The study includes a forecast for the global source measure unit by form factor, type, end use, and region.
Source Measure Unit Market by Form Factor [Shipment Analysis by Value from 2018 to 2030]:
• Benchtop
• Modular
Source Measure Unit Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Recision
• Application-Specific
• General-Purpose SMUs
Source Measure Unit Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Automotive
• IT & Telecommunication
• Process Industries
Source Measure Unit Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Source Measure Unit Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies source measure unit companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the source measure unit companies profiled in this report include-
• Fortive Corporation
• Keysight Technologies
• Yokogawa Electric
• National Instruments
• Rohde&Schwarz
• Advantest
• Chroma
Source Measure Unit Market Insights
Lucintel forecasts that modular is expected to witness higher growth over the forecast period as it is considered as an important tool for precise design engineers and test engineers.
Within this market, automotive is expected to witness highest growth due to rising need of automation on a large scale for manufacturing of vehicles.
APAC will remain the largest region over the forecast period due to increasing adoption of 4G services and growing demand from various end-user industries, such as aerospace, defense & government services.
Features of the Global Source Measure Unit Market
Market Size Estimates: Source measure unit market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Source measure unit market size by form factor, type, end use, and region in terms of value ($B).
Regional Analysis: Source measure unit market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different form factors, types, end uses, and regions for the source measure unit market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the source measure unit market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the source measure unit market size?
Answer: The global source measure unit market is expected to reach an estimated $1.61 billion by 2030.
Q.2 What is the growth forecast for source measure unit market?
Answer: The global source measure unit market is expected to grow with a CAGR of 7.0% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the source measure unit market?
Answer: The major drivers for this market are increasing application in testing semiconductors. active/passive components, and other devices and growing adoption of source measure units owing to their flexibility and integration in electronics.
Q4. What are the major segments for source measure unit market?
Answer: The future of the global source measure unit market looks promising with opportunities in the automotive, IT & telecommunication, and process markets
Q5. Who are the key source measure unit market companies?
Answer: Some of the key source measure unit companies are as follows:
• Fortive Corporation
• Keysight Technologies
• Yokogawa Electric
• National Instruments
• Rohde&Schwarz
• Advantest
• Chroma
Q6. Which source measure unit market segment will be the largest in future?
Answer: Lucintel forecasts that modular is expected to witness higher growth over the forecast period as it is considered as an important tool for precise design engineers and test engineers.
Q7. In source measure unit market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to increasing adoption of 4G services and growing demand from various end-user industries, such as aerospace, defense & government services.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the source measure unit market by form factor (benchtop and modular), type (recision, application-specific, and general-purpose SMUs), end use (automotive, it & telecommunications, and process industries), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Source Measure Unit Market, Source Measure Unit Market Size, Source Measure Unit Market Growth, Source Measure Unit Market Analysis, Source Measure Unit Market Report, Source Measure Unit Market Share, Source Measure Unit Market Trends, Source Measure Unit Market Forecast, Source Measure Unit Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Source Measure Unit Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Source Measure Unit Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Source Measure Unit Market by Form Factor
3.3.1: Benchtop
3.3.2: Modular
3.4: Global Source Measure Unit Market by Type
3.4.1: Recision
3.4.2: Application-Specific
3.4.3: General-Purpose SMUs
3.5: Global Source Measure Unit Market by End Use
3.5.1: Automotive
3.5.2: IT & Telecommunication
3.5.3: Process Industries
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Source Measure Unit Market by Region
4.2: North American Source Measure Unit Market
4.2.2: North American Source Measure Unit Market by End Use: Automotive, IT & Telecommunication, and Process Industries
4.3: European Source Measure Unit Market
4.3.1: European Source Measure Unit Market by Form Factor: Benchtop and Modular
4.3.2: European Source Measure Unit Market by End Use: Automotive, IT & Telecommunication, and Process Industries
4.4: APAC Source Measure Unit Market
4.4.1: APAC Source Measure Unit Market by Form Factor: Benchtop and Modular
4.4.2: APAC Source Measure Unit Market by End Use: Automotive, IT & Telecommunication, and Process Industries
4.5: ROW Source Measure Unit Market
4.5.1: ROW Source Measure Unit Market by Form Factor: Benchtop and Modular
4.5.2: ROW Source Measure Unit Market by End Use: Automotive, IT & Telecommunication, and Process Industries
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Source Measure Unit Market by Form Factor
6.1.2: Growth Opportunities for the Global Source Measure Unit Market by Type
6.1.3: Growth Opportunities for the Global Source Measure Unit Market by End Use
6.1.4: Growth Opportunities for the Global Source Measure Unit Market by Region
6.2: Emerging Trends in the Global Source Measure Unit Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Source Measure Unit Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Source Measure Unit Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Fortive Corporation
7.2: Keysight Technologies
7.3: Yokogawa Electric
7.4: National Instruments
7.5: ROHDE&SCHWARZ
7.6: Advantest
7.7: Chroma
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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