Press release
Source Measure Unit Market Size, Share, Growth 2026 | Major Competitors Keysight Technologies, Fortive, ROHDE&SCHWARZ, National Instruments, Yokogawa Electric Corporation, ADVANTEST CORPORATION, VIAVI Solutions Inc., Teradyne Inc., VX Instruments GmbH
Source Measure Unit Market
A team of skilled analysts, statisticians, research experts, enthusiastic forecasters, and economists work painstakingly to structure such a great market research report for the businesses seeking a potential growth. This team is focused on understanding client’s businesses and its needs so that the finest market research report is delivered to the client. With the use of up to date and proven tools and techniques, complex market insights are organized in simpler version in this Global Source Measure Unit Market report for the better understanding of end user. This market research report encompasses a comprehensive study of the product specifications, revenue, cost, price, gross capacity and production.
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Major Market Competitors/Players: Global Source Measure Unit Market
Few of the major market competitors currently working in the source measure unit market are –
• Keysight Technologies,
• Fortive,
• ROHDE&SCHWARZ,
• National Instruments,
• Yokogawa Electric Corporation,
• ADVANTEST CORPORATION,
• VIAVI Solutions Inc.,
• CHROMA ATE INC.,
• Teradyne Inc.,
• VX Instruments GmbH,
• TEKTRONIX INC.,
• Aemulus Corporation Sdn Bhd,
• Marvin Test Solutions Inc.,
• Mouser Electronics Inc.,
• PGP Electronics Private Limited,
• SHANGHAI YIHUA V&A INSTRUMENT CO.LTD.,
• OPTCOM Co. Ltd.
Global Source Measure Unit Market, By Type (Precision SMUs, General-Purpose SMUs, Application-Specific SMUs), Form Factor (Benchtop, Modular), Application (Semiconductor Devices, Sensors, Light-Emitting Diodes, Green Energy Products, Precision Electronics, Nanomaterials), End-User (IT & Telecommunications, Automotive, Healthcare, Aerospace & Defense, Process Industries), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis:
Global source measure unit market is expected to rise from its initial estimated value of USD 748.59 million in 2018 to an estimated value of USD 1385.59 million by 2026, registering a CAGR of 8% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing adoption of source measure unit due to its high-level of integration capabilities and flexibility with different electronic devices.
Market Definition: Global Source Measure Unit Market
Source measure unit (SMU) as the name suggests is an electronic device/equipment that is used for supplying and measuring the voltage and current required as per the electronic devices. They are highly accurate test equipment and voltage measuring devices. They are majorly applied in applications of major semiconductor devices, precision electronics.
According to EVvolumes.com, in the first half of 2018 an estimated 783,000 units of electric vehicles were delivered in 2018, which signifies a gain of 66% of the number during the same time period previous year. This trend of sales is expected to act as a driver for the demand of source measure units due to their integration and flexibility with the electric vehicles and electronic devices.
Market Drivers:
• Adoption of source measure units due to their flexibility and integration in electronics is expected to drive the market growth
• Growing sales and adoption of hybrid vehicles is expected to drive the market growth
Market Restraints:
• Longer response time and overshooting of current in some cases is expected to restrain the market growth
• Loss of accuracy of source measure unit due to the effects of radio-frequency electromagnetic fields is also expected to restrain the market growth
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Segmentation:
By Type
• Precision SMUs
• General-Purpose SMUs
• Application-Specific SMUs
By Form Factor
• Benchtop
• Modular
By Application
• Semiconductor Devices
• Sensors
• Light-Emitting Diodes
• Green Energy Products
• Precision Electronics
• Nanomaterials
By End-User
• IT & Telecommunications
• Automotive
• Healthcare
• Aerospace & Defense
• Process Industries
By Geography
• North America
• South America
• Europe
• Asia-Pacific
• Middle East and Africa
Key Developments in the Market:
• In August 2018, Keysight Technologies announced the acquisition of Thales Calibration Services positively impacting the calibration capabilities of Keysight Technologies, and helping expand the electronic portfolio.
• In August 2015, Keysight Technologies announced that they had acquired Electroservices Enterprises Ltd. with the company focused on test equipment services and solutions. This acquisition was aimed at expanding their market share in Europe due to the establishment of Electroservices Enterprises Ltd. in United Kingdom.
Competitive Analysis: Global Source Measure Unit Market
Global source measure unit market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of source measure unit market for global, Europe, North America, Asia Pacific and South America.
Key Insights in the report:
• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
• Competitive analysis of the key players involved
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