Curve Tracer Market size is expected to reach USD 10 billion by the end of 2036, growing at a CAGR of 7% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of the curve tracer was USD 5 billion. The major element to dominates the market revenue is the growing demand for consumer electronics including smartphones. At approximately 4 billion, or over 60% of the global population, smartphones are projected to be owned by about 487 billion people by 2024. Hence, the demand for curve tracers is also projected to rise.
Furthermore, in order to provide precise performance analysis and quality control, sophisticated testing and characterization instruments including curve tracers are necessary due to the increasing complexity of semiconductor devices, such as integrated circuits and power transistors. Additionally, curve tracers are also essential tools in the testing and validation of the performance of miniaturized components, as electronics get smaller and more compact. Therefore, these factors are estimated to dominate the curve tracer market.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~7% |
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Base Year Market Size (2023) |
~ USD 5 Billion |
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Forecast Year Market Size (2036) |
~ USD 10 Billion |
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Regional Scope |
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End User Industry (Industrial, Photovoltaics, Communications, Consumer Electronics, Research & Development)
The consumer electronics segment is predicted to account for 30% share of the global curve tracer market during the forecast period. The demand for consumer electronics is expanding owing to several factors, including evolving customer tastes, the prevalence of remote work, and technology improvements. A prominent development in this sector is the growing appeal of small wearable electronics such as smartwatches, smart glasses, and earphones. Additionally, as more people look to automate and control their homes, there is a growing demand for smart home appliances including security cameras, thermostats, and speakers. Moreover, the global population's income is rising, enabling people to invest more in housing and furnish their homes with cutting-edge technology. For instance, both family spending and disposable income are predicted to increase by over 3% globally in 2022. Hence, owing to all these factors the segment for consumer electronics is growing which in turn is expected to boost the curve tracer market revenue.
Modularity (Handheld, Floor Mounted/Benchtop)
The handheld segment is predicted to account for 60% share of the global curve tracer market during the forecast period. The distinctive curves of electronic components including diodes, transistors, and integrated circuits can be graphically displayed using a handheld curve tracer, a portable electronic device. It offers visual representations of the current-voltage interactions of various components, which aids in the analysis and troubleshooting of electrical circuits. In fields including research and development, and electronics production, handheld curve tracers are commonly utilized. Additionally, the segment has grown as a result of the growing use of handheld curve tracers as teaching tools in educational institutions. These tools improve education by offering real, hands-on instruction in electronic circuit analysis.
Our in-depth analysis of the global market includes the following segments:
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Modularity |
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Device Type |
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Sales Channel |
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End Use Industry |
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APAC Market Forecast
The Asia Pacific curve tracer market is estimated to gather the highest market share of about 35% over the coming years. The major factor influencing the market growth in this region is the growing consumption of solar energy. Asia's solar energy capacity was estimated to be about 603 thousand megawatts in 2022. Compared to 2013, when Asia's solar energy capacity was roughly 35 thousand megawatts, this represented a huge growth. I-V curve tracers are commonly used to detect and record temperature and irradiance in order to counteract the effects of external factors including temperature and irradiation. These readings are then converted to STC, allowing for an accurate comparison with the PV module specification.
European Market Analysis
The Europe curve tracer market is set to have significant growth over the forecast period. The major element to influence the market expansion in this region is the rising demand for autonomous vehicles in this region. Moreover, significant market expansion is expected in the UK, France, and Germany throughout the projection period as a result of the end-use industries' rapid expansion in the medical, aerospace, and defense sectors. Additionally, various key players are launching advanced features curve tracers is this region which is also boosting the market expansion. Furthermore, technological developments including higher screen resolutions, more powerful data processing tools, and wireless networking alternatives should propel the curve tracer market expansion in the region.
Author Credits: Abhishek Verma, Hetal Singh
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