Electronic Test & Measurement Instruments Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 2/19/2024
SIC Codes: 3825
NAICS Codes: 334515
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Electronic Test & Measurement Instruments Manufacturing Industry Profile

Companies in this industry manufacture equipment used to test electrical properties and signals. Major companies include Agilent, Danaher, Keysight Technologies, and KLA-Tencor (all based in the US), along with Anritsu and Yokogawa Electric (both based in Japan), Rohde & Schwarz (Germany), Spirent Communications (UK).

The global electronic test and measurement instruments market is forecast to reach about $30 billion in 2021 at a CAGR of 4% during the 2021-2030 forecast period, according to Quince Market Insights. The industry requires the use of semiconductors and other electronic components most commonly sourced from manufacturers in Asia. World events and regional economic fluctuations that interrupt supplier activity or supply chains can delay product shipments and impact a company's profitability.

The US electronic test and measurement instruments manufacturing industry includes 750 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $11 billion.

COMPETITIVE LANDSCAPE

Demand is driven by growth in industries such as electronics and semiconductor manufacturing, telecommunications, and aerospace and defense. The profitability of individual companies depends on controlling manufacturing costs and maintaining continuous, rapid product innovation. Large companies enjoy economies of scale in sourcing components and product distribution. Small companies can compete by specializing in equipment for niche markets or developing a reputation for high-quality products. The US industry is concentrated: the largest 50 companies account for about 70% of revenue.

US companies face competition from foreign manufacturers: electronic test and ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu

Related Profiles

Here are a few profiles related to Electronic Test & Measurement Instruments Manufacturing that you also might be interested in viewing:

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options