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Electronic Test Equipment Market 2019-2023 Demand and Revenue With Players - Giga-tronics, National Instruments, PICO Technologies and Wireless Telecom Group (Boonton, CommAgility, Microlab & Noisecom)
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The price pressure in consumer electronics product is increasing; while the demand for cost-effective testing technologies is increasing continuously. The advancement in wireless telecommunication within the developing countries of Asia-Pacific has benefited the electronics RF test equipment market. The modular general purpose testing is used extensively in the wireless communication testing.
The lack of product innovation along with the falling prices of consumer electronics and wireless telecommunication is hindering the growth of the global electronic test equipment market to some extent. Moreover, the lack of government mandates regarding the quality of communication services in the developing countries is a major growth restraint for the global market.
The North American market is expected to witness a moderate growth during the forecast period, owing to growth in M2M market post economic slowdown. Moreover, the growth is also expected from industrial and consumer electronics sector. Middle East and Africa is expected to witness considerable growth due to the development of 3G and 4G wireless communication services in Magnolia, South Africa, Ghana and Nigeria. Asia-Pacific is expected to be the largest and fastest growing market during the forecast period.
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Some of the competitors in the global electronic test equipment market are: JDS Uniphase Corp., Giga-tronics Inc., National Instruments Corporation, Pico technologies, Wireless Telecom Group Inc. and HAMEG Instruments GmbH.
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