Curve Tracer Market Size & Share, by Modularity (Handheld, Floor Mounted/Benchtop); Device Type (Single Terminal Devices, Three Terminal Devices); Sales Channel (Offline, E-Retailer); End Use Industry (Industrial, Photovoltaics, Communications, Consumer Electronics, Research & Development) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5841
  • Published Date: Mar 08, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

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.


Curve Tracer Market
Get more information on this report: Request Free Sample PDF

Curve Tracer Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Need to Test IoT Devices - The proliferation of smart gadgets and the network of systems that support them by gathering and analyzing data in the background has led to an increase in the number of Internet of Things (IoT) devices in our daily lives. Over 74 billion devices are projected to be connected via IoT by 2025, in the world.  Even with predictions about what IoT might appear such as in the future, testing increasingly sophisticated IoT devices is still necessary today. IoT devices are designed to keep an eye out for particular input conditions in the environment, process variable data locally, act physically depending on the calculated result sometimes, and then securely transfer the resultant data to another device or database in almost real-time. The majority of IoT functional testing begins with low-volume engineering tests or prototypes, where the firmware and software are performed in a virtual setting. To guarantee appropriate performance in the device's real-world application, hardware, and field testing are still essential components of the Quality functional test process. As a result, the utilization of curve tracers is projected to rise.
  • Surge in Demand for Automotive- From roughly 66 million automobiles in 2022 to a total of about 74 million in 2023, the total amount of cars sold globally increased. Furthermore, recent automotive manufacturing consists of various electronics installed. The LED brake light, headlamp, and other components are the major components of an automobile's electronics. Every component that goes into an automobile nowadays is an electrical device. Historically, the primary function of automotive electronics has been to regulate the engine. However, the most advanced driving skill is now available to everybody as a result of recent improvements. However, these automotive electronics need to be tested in order to provide efficient output. As a consequence, the curve tracer market is growing.
  • Growing Automation of Curve Tracer - Since its origin, artificial intelligence and machine automation have advanced significantly and are currently expanding and changing at an exponential rate. Software testing procedures are currently becoming faster, simpler, and more effective owing to machine learning's wide range of applications in industries including finance and trading stocks. Hence, the integration of AI and automation is also estimated to rise in curve testing. This integration is estimated to reduce the human errors hence further making the testing process efficient and proving accurate result by reducing cost. 

 

Challenges

  • High Cost of Curve Tracer - Advanced curve tracer with sophisticated features usually carries huge cost which makes it difficult for organization especially small business to adopt it. Furthermore, curve tracer also lacks in efficient investment in research & development which further boost the price of product. As a result, these two factors is projected to hinder the expansion of market.
  • Surge in Availability of Alternative – There are various alternative options available in the curve tracer market which usually includes multimeter, oscilloscopes and various another component tracer. These alternative tracers are not expensive as curve tracer which is why the preference for them is high. Therefore, this factor is projected to restrain the curve tracer market expansion over the coming years.
  • Lack of Precious Efficiency  

Curve Tracer Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~7%

Base Year Market Size (2023)

~ USD 5 Billion

Forecast Year Market Size (2036)

~ USD 10 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Curve Tracer Segmentation

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:

     Modularity

  • Handheld
  • Floor Mounted/Benchtop

     Device Type

  • Single Terminal Devices
  • Three Terminal Devices

     Sales Channel

  • Offline
  • E-Retailer

     End Use Industry

  • Industrial
  • Photovoltaics
  • Communications
  • Consumer Electronics
  • Research & Development

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Curve Tracer Industry- Regional Synopsis

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.

Research Nester
Curve Tracer Market  size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Curve Tracer Landscape

top-features-companies
    • Vance Street Capital
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Tektronix, Inc.
    • Fortive Corporation
    • Agilent Technologies, Inc.
    • Anritsu Corporation
    • Fluke Corporation
    • Keysight Technologies
    • Keithley Instruments
    • Chroma ATE Inc.
    • Extech Instruments

In-the-news

In The News

  • Syscom Instruments, a global pioneer in the design and production of superior vibration and seismic monitoring equipment for the civil engineering, strong motion, and safety industries, has been fully acquired by Vance Street Capital LLC.
  • The Precision Technologies subsidiary of Fortive Corporation has strengthened its position in electronic test and measurement systems with the completion of its acquisition of EA Elektro-Automatik (EA) Holding GmbH.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5841
  • Published Date: Mar 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing need to test IoT devices, surge in demand for automotive, and growing automation of curve tracer.

The market size of curve tracer is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2024-2036.

The major players in the market are Vance Street Capital, Tektronix, Inc., Fortive Corporation, Agilent Technologies, Inc., and others.

The handheld segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Curve Tracer Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying