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ELECTRONICS & SMART DEVICES

Precision Source Measure Unit Market Segmentation By Current Range (1 µA – 1 mA, 1 mA – 1 A and >1 A); By Form Factor (Benchtop and Modular); By Application (Sensors/IoT, Transistor, Power Electronics, Semiconductor Devices, and Nanomaterials) and By End User (Energy, IT & Telecommunications, Aerospace & Defense, Automotive and Healthcare) – Global Demand Analysis & Opportunity Outlook 2028

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Extensive insights into the Growth of Precision Source Measure Unit Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

· April 12, 2018:  Marvin Test Solutions, Inc. announced the release of the new GX3104-a precision 3U PXI module, 4-Channel PXI Source Measure Unit that forces and senses both voltage and current over a range of ±20 V and up to ± 1 A. It includes API features & UI software packages which can be supported for Linux 32/64 operating systems.

Introduction to Precision Source Measure Units

Precision source measure unit is an electronic device that has the ability of both measuring and sourcing simultaneously. They are designed for highly accurate source or load simulation with precision voltage and current measurements and used mainly in the testing applications that require high resolution, precision, accuracy and flexibility in the measurement. Owing to its key characteristics, precision source measure unit is used as an ideal instrument in many parametric test applications ranging from ICs, two-leaded components such as sensors, LEDs, laser diodes, transistors, solar cells, batteries and many other electronic devices.

Market Size and Forecast

As there is a rapid advancement in technology, there is an increasing requirement of high precision and accuracy equipment from the automotive and medical industries in order to carry out their research activities. Owing to its high flexibility and integration, the precision source measure unit market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028. The market is segmented by form factor into benchtop and modular. Based on this, the segment for modular is anticipated to grow at the highest rate in the market on account of its integration with different types of instruments and the flexibility it provides to reduce the cost of a test. Further, it has now become possible to design a multichannel system with the development of modular precision source measure units.

Growth Drivers

Growing Demand for Automation in End User Industries to Boost the Market Growth

Since the requirements for high precision, resolution, flexibility and repeatability of the electronic equipment is increasing, there is a significant rise in demand for measuring units to facilitate the testing process of semiconductor devices more quickly and easily. Innovated precision source measure unit are being developed which offers highly flexible, four-quadrant voltage and current load, accuracy in measurement of signals along with precision voltage and current meters. This is anticipated to significantly expand the precision source measure unit market.CLICK TO DOWNLOAD SAMPLE REPORT

Globally Expanding Automobile Industry to Drive the Market Growth

The automobile industry has adopted automation on a huge scale for manufacturing commercial vehicles and passenger cars. According to statistical data released by International Organization of Motor Vehicle Manufacturers (OICA), the total production of cars globally was 67.14 million in 2019. Owing to the increasing number of electronic parts in automotive products, there is a need to perform testing process for their functions more accurately and flawlessly. Furthermore, precision source measure units are used to provide multipoint measurements in automotive test applications. This is propelling the growth of the precision source measure unit market.

Restraints

High Initial and Maintenance Costs to Hamper the Market Growth

Despite the improving development in technology, there is high initial and maintenance costs involved in operating precision source measure unit which is also not affordable to small-scale enterprises. This factor is estimated to hinder the growth of precision source measure unit market in the future.

Market Segmentation

Our in-depth analysis of the global precision source measure unit market includes the following segments:

By Current Range

  • 1 µA – 1 mA
  • 1 mA – 1 A
  • >1 A

By Form Factor

  • Benchtop
  • Modular

By Application

  • Sensors/IoT
  • Transistor
  • Power Electronics
  • Semiconductor Devices
  • Nanomaterials

By End Users

  • Energy
  • IT & Telecommunications
  • Aerospace & Defense
  • Automotive
  • Healthcare

By Region

On the basis of regional analysis, the global precision source measure unit market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

The market for precision source measure unit in North America is anticipated to hold the largest share in the market on account of presence of leading market players in the region which manufacture and market precision source measure unit. Moreover, there is an increased demand from various end-user industries along with the large infrastructure advancements and automation in manufacturing industries in this region which further increases the product demand. The market in Asia Pacific region is predicted to grow at the highest rate during the forecast period as a result of high demand for test and measurement solutions in the semiconductor industry. Additionally, the growing small and medium enterprises, especially in countries such as India and China, facilitates the installation of the manufacturing facilities owing to the better availability of labor and raw material. This factors further raise the demand for precision source measure unit.

The global precision source measure unit market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

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