- The key vendors in the Global General Purpose Test Equipment Market 2015-2019 are Agilent Technologies Inc., Anritsu Corp., Danaher Corp., Fluke Corp., Rohde & Schwarz GmbH & Co. KG and Tektronix Inc.
London, 02 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global General Purpose Test Equipment Market 2015-2019. The demand for integrated test equipment has increased significantly. End-users of test equipment prefer integrated test equipment that is able to perform multifunctional operations to traditional standalone equipment. The ability to perform multiple tests simultaneously is a key feature of modular test equipment that helps reduce costs and time which has created an increase in the need for integrated test equipment worldwide. The Global General Purpose Test Equipment market is expected to grow at a CAGR of 6.18 percent during the period 2014-2019.
“Vendors have started to manufacture application-specific test equipment to meet customers’ needs by incorporating additional features into standard equipment based on the intended usage of the end-users,” says Faisal Ghaus, Vice President of TechNavio Research.
“Moreover, the demand for test equipment is expected to increase in fields such as green engineering, where the equipment would be used to measure product conformance and for design testing.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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