Global Source Measure Unit Market To Power Strongly And Reach USD 1.63 Billion By 2026 – ZMR

Global Source Measure Unit market is predicted to garner earnings worth approximately 1.63 (USD Billion) by 2026 and is set to record a CAGR of more than 9% over the period from 2020 to 2026.

New York, United States - October 29, 2020 /MarketersMedia/ —

As per Zion Market Research, the global source measure unit market is expected to show noteworthy development in the years to come. The market is expected to cross USD 1.63 billion by 2026, with a CAGR of more than 9%. The market is developing owing to the rising requirement for electronic testing tools in end-user sectors such as aerospace & defense, automotive, education and government, IT & telecommunications, healthcare, and process industries.

Some other firms active in the market are Advantest Corporation, National Instruments Corporation, Yokogawa Electric Corporation, Viavi Solution, Inc., VX Instruments, Chroma ATE Inc., and Teradyne.

Precision SMUs Added Up For The Biggest Share Of The Global Market Amongst Types Of SMUs

The global source measure unit market is divided based on form factor, type, end-user industries, application, and region. Precision SMUs added up for the biggest share of the global market amongst types of SMUs. This can be credited to the rising technological improvements that resulted in the elevated affordability of precision SMUs even for low-level calculations. Benchtop SMUs are attaining momentum as they establish to be a perfect option for active/passive elements, testing semiconductors, and a series of other materials and devices. Therefore, benchtop SMUs will develop at the max rate in the years to come.

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Due to the high acceptance of automation in process sectors, there has been a rising requirement for high repeatability and accuracy of electronic parts, devices, and equipment. Hence, process sectors will observe the high acceptance of SMUs in comparison to other end-user sectors. Amongst primary applications of source measure units, they are being employed widely for semiconductor machines for testing purpose due to their flexibility in the extension, ease of programming, and broad coverage of measuring or/and sourcing of signal levels. Owing to such benefits, SMUs are a perfect option for testing a broad series of discrete elements and will carry on holding the biggest share in the years to come.

Asia Pacific Is Predicted To Lead Amongst Other Areas In The Years To Come In Terms Of Development

Asia Pacific added up for the biggest share of the global market. The broad acceptance of 4G services and the forthcoming 5G network roll out are expected to elevate the requirement for testing mobile machines from mobile phone making nations such as Taiwan and China. In addition to this, the area has the utmost number of mobile phone users, and the requirement for long & high processing battery power is rising. In terms of development, Asia Pacific is predicted to lead amongst other areas in the years to come.

The global source measure unit market is segmented as follows:

by Type

Precision SMUs
General-Purpose SMUs
Application-Specific SMUs

by Form Factor

Benchtop
Modular

by Application

Semiconductor Devices
Sensors
Light-Emitting Diodes
Green Energy Products
Precision Electronics
Nanomaterials

by End-User Industry

IT and Telecommunications
Automotive
Healthcare
Aerospace & Defense
Process Industries

By Region

North America
The U.S.
Canada

Europe
France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific

Latin America
Brazil
Mexico
Rest of Latin America

Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa

Browse TOC of this Report @ https://www.zionmarketresearch.com/toc/source-measure-unit-market

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Source URL: https://marketersmedia.com/global-source-measure-unit-market-to-power-strongly-and-reach-usd-163-billion-by-2026-zmr/88983347

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