Test and measurement (T&M) in Thailand: Key market research findings
- Demand from the automotive sector propels market growth
- Increasing adoption of communication T&M
- Key vendors – Anritsu, Fluke, Keysights Technologies, National Instruments, Rohde & Schwarz, and Tektronix
Technavio’s market research analysts predict the T&M market in Thailand to grow at a CAGR of more than 5% between 2016 and 2020. The growth of this market can be accredited primarily to the rising demand from the automotive sector. Thailand is the largest automotive production center in Association of Southeast Asian Nations (ASEAN). Increased implementation of wired and wireless communication systems in cars and growth in automotive production will propel the demand for T&M equipment market in Thailand. Major international components manufacturers present in Thailand include Denso, Bosch, Aisin Seiki, Johnson Controls, and Magna.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The market is currently witnessing an upsurge in the demand for ATE. Several semiconductor IC vendors are going fabless in an attempt to minimize the overheads in the functioning and maintenance of foundries. These vendors are focusing on the design and development and frequently outsource fabrication and other foundry-related activities to companies or fabs specialized in providing such foundry solutions,” says Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research.
The growth of the telecommunications industry in Thailand has a direct influence on the T&M market. Enterprises are turning toward communication T&M to deliver their customers high-quality and performance services. To cater to the growing demand for high-speed mobile Internet, AIS, a telecom service provider in Thailand, has introduced the world’s first 4.5G network in Thailand. The preference for high-speed Internet is expected to lead to the upgradation of existing networks; thus, augmenting the demand for T&M equipment in the market.
The key vendors in the market include Anritsu, Fluke, Keysights Technologies, National Instruments, Rohde & Schwarz, and Tektronix. The T&M equipment market in Thailand is an emerging market and is characterized by the presence of a small number of manufacturers occupying large market shares. Manufacturers are focusing on efficient and technologically advanced T&M equipment as it forms the major means to upgrade offerings in the market.
A more detailed analysis is available in the Technavio report, T&M Market in Thailand 2016-2020.
We can customize reports by other regions and specific segments upon request.
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