GPTE Market Size to Grow by USD 1.95 Billion, Growing Demand From End-user Industries to Boost Market Growth – Technavio

NEW YORK, Nov. 22, 2022 /PRNewswire/ — The “General Purpose Test Equipment (GPTE) Market by Product, End-user, and Geography – Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the general purpose test equipment (GPTE) market size between 2021 and 2026 is USD 1.95 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Request a FREE PDF Sample Report.

Key Market Dynamics

• Key Driver: The growing demand from end-user industries is driving market growth. GPTE plays a major role in automated control systems, as they regulate the movement of the overall machine. The use of automated machines helps automate the operation of machines and lower expenditure on labor. Automatic machines require continuous testing of components, which is driving the demand for GPTE in end-user industries such as food and beverage, automotive, manufacturing, and energy and utilities. Moreover, the demand for passenger cars in APAC is estimated to grow, which will further drive the demand for GPTE in the coming years.
• Major Challenge: The long replacement cycle of GPTEs such as oscillators, spectrum analyzers, signal generators, and network analyzers is challenging market growth. In case of any error, only the affected part needs to be replaced. Hence, buyers prefer to retrofit components instead of changing the whole system to save costs. They also have the option of contacting specialized service providers or vendors. Hence, the long product replacement cycle prevents customers from switching between vendors. Such factors are expected to hinder market growth in the forecast period.

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Vendor Landscape

The market is fragmented due to the presence of a large number of international and local players. International players have developed a wide range of energy-efficient GPTE and are offering products for almost all end-user applications. The market also has several local vendors that cater to the demand of particular end-user applications. This has resulted in intense competition in the regional markets. Vendors are focusing on offering testing and measurement equipment that can meet customers’ demands. The competition in the market is expected to intensify during the forecast period, as several companies are investing in the markets in emerging economies because of the growth prospects.

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Market Segmentation

The general purpose test equipment (GPTE) market report is segmented by product (oscilloscope, spectrum analyzer, signal generator, network analyzer, and other products), End-user (communication, industrial, aerospace and defense, electronics and semiconductor, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). APAC will be the leading region with 40% of the market’s growth during the forecast period. China, Japan, and South Korea is the key country for the general purpose test equipment (GPTE) market in APAC.

Find additional insights into the contribution of all the segments and regional opportunities in the report- Buy Report  

Some Companies Mentioned

• Agilent Technologies Inc.
• AMETEK Inc.
• Anritsu Corp.
• Aplab Ltd.
• Danaher Corp.
• Fortive Corp.
• Keysight Technologies Inc.
• Lauterbach GmbH
• National Instruments Corp.
• Rohde and Schwarz GmbH and Co. KG
• Scientech Technologies Pvt. Ltd.
• Seaward Electronic Ltd.
• SGS SA
• TEGAM Inc.
• Texas Instruments Inc.
• Thermo Fisher Scientific Inc.
• Viavi Solutions Inc.
• Yokogawa Electric Corp.
• Advantest Corp.
• Teledyne Technologies Inc.

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Key Topics Covered

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 14: Chart on Global – Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2021-2026 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 18: Five forces analysis – Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 24: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments 
• Exhibit 25: Chart on Product – Market share 2021-2026 (%)
• Exhibit 26: Data Table on Product – Market share 2021-2026 (%)

• 5.2 Comparison by Product 
• Exhibit 27: Chart on Comparison by Product
• Exhibit 28: Data Table on Comparison by Product

• 5.3 Oscilloscope – Market size and forecast 2021-2026
• Exhibit 29: Chart on Oscilloscope – Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Data Table on Oscilloscope – Market size and forecast 2021-2026 ($ million)
• Exhibit 31: Chart on Oscilloscope – Year-over-year growth 2021-2026 (%)
• Exhibit 32: Data Table on Oscilloscope – Year-over-year growth 2021-2026 (%)

• 5.4 Spectrum analyzer – Market size and forecast 2021-2026
• Exhibit 33: Chart on Spectrum analyzer – Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Data Table on Spectrum analyzer – Market size and forecast 2021-2026 ($ million)
• Exhibit 35: Chart on Spectrum analyzer – Year-over-year growth 2021-2026 (%)
• Exhibit 36: Data Table on Spectrum analyzer – Year-over-year growth 2021-2026 (%)

• 5.5 Signal generator – Market size and forecast 2021-2026
• Exhibit 37: Chart on Signal generator – Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Data Table on Signal generator – Market size and forecast 2021-2026 ($ million)
• Exhibit 39: Chart on Signal generator – Year-over-year growth 2021-2026 (%)
• Exhibit 40: Data Table on Signal generator – Year-over-year growth 2021-2026 (%)

• 5.6 Network analyzer – Market size and forecast 2021-2026
• Exhibit 41: Chart on Network analyzer – Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Data Table on Network analyzer – Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Chart on Network analyzer – Year-over-year growth 2021-2026 (%)
• Exhibit 44: Data Table on Network analyzer – Year-over-year growth 2021-2026 (%)

• 5.7 Others – Market size and forecast 2021-2026
• Exhibit 45: Chart on Others – Market size and forecast 2021-2026 ($ million)
• Exhibit 46: Data Table on Others – Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Chart on Others – Year-over-year growth 2021-2026 (%)
• Exhibit 48: Data Table on Others – Year-over-year growth 2021-2026 (%)

• 5.8 Market opportunity by Product 
• Exhibit 49: Market opportunity by Product ($ million)

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 50: Chart on End-user – Market share 2021-2026 (%)
• Exhibit 51: Data Table on End-user – Market share 2021-2026 (%)

• 6.2 Comparison by End-user 
• Exhibit 52: Chart on Comparison by End-user
• Exhibit 53: Data Table on Comparison by End-user

• 6.3 Communication – Market size and forecast 2021-2026
• Exhibit 54: Chart on Communication – Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Communication – Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Communication – Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Communication – Year-over-year growth 2021-2026 (%)

• 6.4 Industrial – Market size and forecast 2021-2026
• Exhibit 58: Chart on Industrial – Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Industrial – Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Industrial – Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Industrial – Year-over-year growth 2021-2026 (%)

• 6.5 Aerospace and defense – Market size and forecast 2021-2026 
• Exhibit 62: Chart on Aerospace and defense – Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Aerospace and defense – Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Aerospace and defense – Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Aerospace and defense – Year-over-year growth 2021-2026 (%)

• 6.6 Electronics and semiconductor – Market size and forecast 2021-2026 
• Exhibit 66: Chart on Electronics and semiconductor – Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on Electronics and semiconductor – Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on Electronics and semiconductor – Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Electronics and semiconductor – Year-over-year growth 2021-2026 (%)

• 6.7 Others – Market size and forecast 2021-2026
• Exhibit 70: Chart on Others – Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Others – Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Others – Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Others – Year-over-year growth 2021-2026 (%)

• 6.8 Market opportunity by End-user 
• Exhibit 74: Market opportunity by End-user ($ million)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 75: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation 
• Exhibit 76: Chart on Market share by geography 2021-2026 (%)
• Exhibit 77: Data Table on Market share by geography 2021-2026 (%)

• 8.2 Geographic comparison 
• Exhibit 78: Chart on Geographic comparison
• Exhibit 79: Data Table on Geographic comparison

• 8.3 APAC – Market size and forecast 2021-2026
• Exhibit 80: Chart on APAC – Market size and forecast 2021-2026 ($ million)
• Exhibit 81: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
• Exhibit 82: Chart on APAC – Year-over-year growth 2021-2026 (%)
• Exhibit 83: Data Table on APAC – Year-over-year growth 2021-2026 (%)

• 8.4 North America – Market size and forecast 2021-2026
• Exhibit 84: Chart on North America – Market size and forecast 2021-2026 ($ million)
• Exhibit 85: Data Table on North America – Market size and forecast 2021-2026 ($ million)
• Exhibit 86: Chart on North America – Year-over-year growth 2021-2026 (%)
• Exhibit 87: Data Table on North America – Year-over-year growth 2021-2026 (%)

• 8.5 Europe – Market size and forecast 2021-2026
• Exhibit 88: Chart on Europe – Market size and forecast 2021-2026 ($ million)
• Exhibit 89: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
• Exhibit 90: Chart on Europe – Year-over-year growth 2021-2026 (%)
• Exhibit 91: Data Table on Europe – Year-over-year growth 2021-2026 (%)

• 8.6 South America – Market size and forecast 2021-2026
• Exhibit 92: Chart on South America – Market size and forecast 2021-2026 ($ million)
• Exhibit 93: Data Table on South America – Market size and forecast 2021-2026 ($ million)
• Exhibit 94: Chart on South America – Year-over-year growth 2021-2026 (%)
• Exhibit 95: Data Table on South America – Year-over-year growth 2021-2026 (%)

• 8.7 Middle East and Africa – Market size and forecast 2021-2026 
• Exhibit 96: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
• Exhibit 97: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
• Exhibit 98: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
• Exhibit 99: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)

• 8.8 US – Market size and forecast 2021-2026
• Exhibit 100: Chart on US – Market size and forecast 2021-2026 ($ million)
• Exhibit 101: Data Table on US – Market size and forecast 2021-2026 ($ million)
• Exhibit 102: Chart on US – Year-over-year growth 2021-2026 (%)
• Exhibit 103: Data Table on US – Year-over-year growth 2021-2026 (%)

• 8.9 China – Market size and forecast 2021-2026
• Exhibit 104: Chart on China – Market size and forecast 2021-2026 ($ million)
• Exhibit 105: Data Table on China – Market size and forecast 2021-2026 ($ million)
• Exhibit 106: Chart on China – Year-over-year growth 2021-2026 (%)
• Exhibit 107: Data Table on China – Year-over-year growth 2021-2026 (%)

• 8.10 Germany – Market size and forecast 2021-2026
• Exhibit 108: Chart on Germany – Market size and forecast 2021-2026 ($ million)
• Exhibit 109: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
• Exhibit 110: Chart on Germany – Year-over-year growth 2021-2026 (%)
• Exhibit 111: Data Table on Germany – Year-over-year growth 2021-2026 (%)

• 8.11 Japan – Market size and forecast 2021-2026
• Exhibit 112: Chart on Japan – Market size and forecast 2021-2026 ($ million)
• Exhibit 113: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
• Exhibit 114: Chart on Japan – Year-over-year growth 2021-2026 (%)
• Exhibit 115: Data Table on Japan – Year-over-year growth 2021-2026 (%)

• 8.12 South Korea – Market size and forecast 2021-2026
• Exhibit 116: Chart on South Korea – Market size and forecast 2021-2026 ($ million)
• Exhibit 117: Data Table on South Korea – Market size and forecast 2021-2026 ($ million)
• Exhibit 118: Chart on South Korea – Year-over-year growth 2021-2026 (%)
• Exhibit 119: Data Table on South Korea – Year-over-year growth 2021-2026 (%)

• 8.13 Market opportunity by geography 
• Exhibit 120: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 121: Impact of drivers and challenges in 2021 and 2026

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape 
• Exhibit 122: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 123: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 124: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 125: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 126: Matrix on vendor position and classification

• 11.3 Advantest Corp. 
• Exhibit 127: Advantest Corp. – Overview
• Exhibit 128: Advantest Corp. – Business segments
• Exhibit 129: Advantest Corp. – Key offerings
• Exhibit 130: Advantest Corp. – Segment focus

• 11.4 Danaher Corp. 
• Exhibit 131: Danaher Corp. – Overview
• Exhibit 132: Danaher Corp. – Business segments
• Exhibit 133: Danaher Corp. – Key news
• Exhibit 134: Danaher Corp. – Key offerings
• Exhibit 135: Danaher Corp. – Segment focus

• 11.5 Keysight Technologies Inc. 
• Exhibit 136: Keysight Technologies Inc. – Overview
• Exhibit 137: Keysight Technologies Inc. – Business segments
• Exhibit 138: Keysight Technologies Inc. – Key news
• Exhibit 139: Keysight Technologies Inc. – Key offerings
• Exhibit 140: Keysight Technologies Inc. – Segment focus

• 11.6 Lauterbach GmbH 
• Exhibit 141: Lauterbach GmbH – Overview
• Exhibit 142: Lauterbach GmbH – Product / Service
• Exhibit 143: Lauterbach GmbH – Key offerings

• 11.7 National Instruments Corp. 
• Exhibit 144: National Instruments Corp. – Overview
• Exhibit 145: National Instruments Corp. – Business segments
• Exhibit 146: National Instruments Corp. – Key news
• Exhibit 147: National Instruments Corp. – Key offerings
• Exhibit 148: National Instruments Corp. – Segment focus

• 11.8 Rohde and Schwarz GmbH and Co. KG 
• Exhibit 149: Rohde and Schwarz GmbH and Co. KG – Overview
• Exhibit 150: Rohde and Schwarz GmbH and Co. KG – Product / Service
• Exhibit 151: Rohde and Schwarz GmbH and Co. KG – Key offerings

• 11.9 Teledyne Technologies Inc. 
• Exhibit 152: Teledyne Technologies Inc. – Overview
• Exhibit 153: Teledyne Technologies Inc. – Business segments
• Exhibit 154: Teledyne Technologies Inc. – Key news
• Exhibit 155: Teledyne Technologies Inc. – Key offerings
• Exhibit 156: Teledyne Technologies Inc. – Segment focus

• 11.10 Texas Instruments Inc. 
• Exhibit 157: Texas Instruments Inc. – Overview
• Exhibit 158: Texas Instruments Inc. – Business segments
• Exhibit 159: Texas Instruments Inc. – Key news
• Exhibit 160: Texas Instruments Inc. – Key offerings
• Exhibit 161: Texas Instruments Inc. – Segment focus

• 11.11 Thermo Fisher Scientific Inc. 
• Exhibit 162: Thermo Fisher Scientific Inc. – Overview
• Exhibit 163: Thermo Fisher Scientific Inc. – Business segments
• Exhibit 164: Thermo Fisher Scientific Inc. – Key news
• Exhibit 165: Thermo Fisher Scientific Inc. – Key offerings
• Exhibit 166: Thermo Fisher Scientific Inc. – Segment focus

• 11.12 Yokogawa Electric Corp. 
• Exhibit 167: Yokogawa Electric Corp. – Overview
• Exhibit 168: Yokogawa Electric Corp. – Business segments
• Exhibit 169: Yokogawa Electric Corp. – Key offerings
• Exhibit 170: Yokogawa Electric Corp. – Segment focus

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 171: Inclusions checklist
• Exhibit 172: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 173: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 174: Research methodology
• Exhibit 175: Validation techniques employed for market sizing
• Exhibit 176: Information sources

• 12.5 List of abbreviations 
• Exhibit 177: List of abbreviations

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