HOME Top Market Reports Source Measure Unit Market by Form Factor (Benchtop and Modular), Application (Semiconductor Devices and Precision Electronics), End-User Industry (IT & Telecommunications, Automotive, and Process Industries), Type, and Geography - Global Forecast to 2023

Source Measure Unit Market by Form Factor (Benchtop and Modular), Application (Semiconductor Devices and Precision Electronics), End-User Industry (IT & Telecommunications, Automotive, and Process Industries), Type, and Geography - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: May 2018
Report Code: SE 6311

 

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The source measure unit market was valued at USD 692.5 Million in 2017 and is expected to reach USD 1,102.1 Million by 2023, at a CAGR of 8.10% during the forecast period. The base year considered for the study is 2017, and the forecast period is between 2018 and 2023.

Study Objectives

  • To define, describe, and forecast the source measure unit market, in terms of value, by type, form factor, end-user industry, application, and geography
  • To forecast the market size of segments with respect to 4 main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
  • To strategically profile the key players and comprehensively analyze their market rank and core competencies, and detail the competitive landscape for market leaders
  • To analyze competitive developments such as acquisitions, new product developments, and research and development (R&D) in the source measure unit market

Research Methodology

This research study involves the use of secondary sources, annual reports, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for the extensive technical, market-oriented, and commercial study of the source measure unit market. Primary sources mainly comprise several experts from the core and related industries, along with preferred suppliers, manufacturers, distributors, service providers, technology developers, alliances, standards, and certification organizations related to various parts of this industry’s value chain. In-depth interviews with various primary respondents, including key industry participants, subject matter experts (SMEs), C-level executives of key companies, and consultants, have been conducted to obtain and verify critical qualitative and quantitative information, as well as assess prospects. The breakdown of the profiles of primaries has been depicted in the figure below:

Source Measure Unit Market

To know about the assumptions considered for the study, download the pdf brochure

This report provides valuable insights into the ecosystem of the source measure unit market. Major players profiled in this report are Fortive Corporation (US), Rohde & Schwarz GmbH & Co KG (Germany), Keysight Technologies (US), Yokogawa Electric Corporation (Japan), and National Instruments Corporation (US). Some other companies operating in the market are Advantest Corporation (Japan), Viavi Solution, Inc. (US), Chroma ATE Inc. (Taiwan), VX Instruments (Germany), and Teradyne (US).

Key Target Audience

  • Original equipment manufacturers (OEMs) (application or electronic product manufacturers)
  • ODM and OEM technology solution providers
  • Small and large technology centers
  • Source measure unit manufacturing companies
  • Research institutes and organizations
  • Market research and consulting firms
  • Companies providing solutions in various industries that use source measure units
  • Government bodies, venture capitalists, and private equity firms
  • Universities, educational institutes, and R&D department of companies
  • Testing, inspection, and certification companies and laboratories

Scope of the Report

This research report segments the source measure unit market into the following submarkets:

Market, by Type

  • Precision SMUs
  • General-Purpose SMUs
  • Application-Specific SMUs

Market, by Form Factor

  • Benchtop
  • Modular

Market, by Application

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

Market, by End-User Industry

  • IT and Telecommunications
  • Automotive
  • Healthcare
  • Aerospace & Defense
  • Process Industries

Market, by Region

  • North America
  • Europe
  • Asia Pacific
  • RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

  • Company Information
    • Detailed analysis and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Year Considered for the Study
    1.4 Currency and Pricing
    1.5 Package Size
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Sources
                    2.1.2.2 Breakdown of Primaries
                    2.1.2.3 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions
    2.5 Scope of the Report

3 Executive Summary  (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in Source Measure Unit Market
    4.2 Benchtop Market, By Application
    4.3 Market, By End-User Industry and Country
    4.4 Market, By Country

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Major Clustering of Product Category
           5.2.1 Performance
           5.2.2 Precision
           5.2.3 Power Range
           5.2.4 Quadrant
                    5.2.4.1 Analysis of Product Competitiveness
    5.3 Value Chain Analysis
           5.3.1 Research & Development
           5.3.2 Manufacturing and Assembly
           5.3.3 Distribution and End Users
           5.3.4 Post-Sales Services
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Rising Adoption of Source Measure Units Owing to Their High Level of Integration and Remarkable Flexibility
                    5.4.1.2 Growing Market for Electric Vehicles (EVS) and Plug-In Hybrid Electric Vehicles (PHEVS)
                    5.4.1.3 Continuously Evolving Solutions for Test and Measurement of Power Electronics and Passive Components
                    5.4.1.4 Growing IoT Market Leverage SMUs for Device Testing
           5.4.2 Restraints
                    5.4.2.1 Output Oscillations, Overshoots, and Poor Transient Response
           5.4.3 Opportunities
                    5.4.3.1 Adoption of High-Density SMUs for Testing
           5.4.4 Challenges
                    5.4.4.1 Impact of Strong Rf Electromagnetic Field on the Accuracy of SMUs
                    5.4.4.2 Increased Adoption of Rental and Leasing Services
    5.5 Megatrends

6 Market, By Type (Page No. - 48)
    6.1 Introduction
    6.2 Precision Source Measure Units
    6.3 General-Purpose Source Measure Units
    6.4 Application-Specific Source Measure Units

7 Market, By Form Factor (Page No. - 52)
    7.1 Introduction
    7.2 Benchtop
    7.3 Modular

8 Market, By Application (Page No. - 57)
    8.1 Introduction
    8.2 Semiconductor Devices
    8.3 Sensors
    8.4 Light-Emitting Diodes
    8.5 Green Energy Products
    8.6 Precision Electronics
    8.7 Nanomaterials

9 Market, By End-User Industry (Page No. - 64)
    9.1 Introduction
    9.2 IT and Telecommunications
    9.3 Automotive
    9.4 Healthcare
    9.5 Aerospace & Defense
    9.6 Education and Government
    9.7 Process Industries

10 Geographic Analysis (Page No. - 71)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 UK
             10.3.3 France
             10.3.4 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 Rest of APAC
     10.5 Rest of the World (RoW)
             10.5.1 Middle East & Africa
             10.5.2 South America

11 Competitive Landscape (Page No. - 87)
     11.1 Overview
     11.2 Source Measure Unit Market Analysis
     11.3 Competitive Situations and Trends
             11.3.1 Product Launches and Developments
             11.3.2 Acquisitions

12 Company Profiles (Page No. - 91)
(Business Overview, Financial Performance (Financial Overview Analysis, R&D Analysis), Products Offered (Product Offering Analysis, Sales Strategy), Recent Developments, SWOT Analysis, and MnM View & Future Strategy)*
     12.1 Introduction
     12.2 Keysight
     12.3 Fortive
     12.4 Rohde & Schwarz
     12.5 National Instruments
     12.6 Yokogawa Electric
     12.7 Advantest
     12.8 Viavi
     12.9 Chroma
     12.10 Teradyne
     12.11 VX Instruments

*Details on Business Overview, Financial Performance (Financial Overview Analysis, R&D Analysis), Products Offered (Product Offering Analysis, Sales Strategy), Recent Developments, SWOT Analysis, and MnM View & Future Strategy Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 123)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (30 Tables)

Table 1 Source Measure Unit Market, By Type, 2015–2023 (USD Million)
Table 2 Market, By Form Factor, 2015–2023 (USD Million)
Table 3 Market, By Form Factor, 2015–2023 (Thousand Units)
Table 4 Benchtop Market, By Application, 2015–2023 (USD Million)
Table 5 Modular Market, By Application, 2015–2023 (USD Million)
Table 6 Source Measure Unit Market, By Application, 2015–2023 (USD Million)
Table 7 Market for Semiconductor Devices, By Form Factor, 2015–2023 (USD Million)
Table 8 Market for Sensors, By Form Factor, 2015–2023 (USD Million)
Table 9 Market for Light-Emitting Diodes, By Form Factor, 2015–2023 (USD Million)
Table 10 Market for Green Energy Products, By Form Factor, 2015–2023 (USD Million)
Table 11 Market for Precision Electronics, By Form Factor, 2015–2023 (USD Million)
Table 12 Market for Nanomaterials, By Form Factor, 2015–2023 (USD Million)
Table 13 Market, By End-User Industry, 2015–2023 (USD Million)
Table 14 Source Measure Unit Market for IT & Telecommunications, By Region, 2015–2023 (USD Million)
Table 15 Market for Automotive, By Region, 2015–2023 (USD Million)
Table 16 Market for Healthcare, By Region, 2015–2023 (USD Million)
Table 17 Market for Aerospace & Defense, By Region, 2015–2023 (USD Million)
Table 18 Market Size for Education & Government, By Region, 2015–2023 (USD Million)
Table 19 Market for Process Industries, By Region, 2015–2023 (USD Million)
Table 20 Market, By Region, 2015–2023 (USD Million)
Table 21 Market in North America, By Country, 2015–2023 (USD Million)
Table 22 Market in North America, By End-User Industry, 2015–2023 (USD Million)
Table 23 Market in Europe, By Country, 2015–2023 (USD Million)
Table 24 Market in Europe, By End-User Industry, 2015–2023 (USD Million)
Table 25 Market in APAC, By Country, 2015–2023 (USD Million)
Table 26 Market in APAC, By End-User Industry, 2015–2023 (USD Billion)
Table 27 Market in RoW, By Region, 2015–2023 (USD Million)
Table 28 Source Measure Unit Market in RoW, By End-User Industry, 2015–2023 (USD Million)
Table 29 Product Launches and Developments, 2016–2018
Table 30 Acquisitions, 2018


List of Figures (41 Figures)

Figure 1 Markets Covered
Figure 2 Research Flow
Figure 3 Research Design
Figure 4 Data Triangulation
Figure 5 Benchtop SMU to Dominate Market During Forecast Period
Figure 6 Precision Source Measure Units to Hold Largest Market Size By 2023
Figure 7 Process Industries Expected to Be Major End Users of Source Measurement Units Between 2018 and 2023
Figure 8 Semiconductor Devices Application to Hold Largest Market Size By 2023
Figure 9 Market in APAC Expected to Grow at Highest CAGR During Forecast Period
Figure 10 High Adoption of Source Measure Units for Semiconductor Devices Application to Offer Attractive Market Opportunities During Forecast Period
Figure 11 Semiconductor Devices Application to Hold Largest Share of Bench SMU Market in 2018
Figure 12 US to Hold Largest Share of Source Measure Unit Market in 2018
Figure 13 China to Hold Second-Largest Share of the Market in 2018
Figure 14 Source Measure Unit (SMU) Features and Benefits
Figure 15 Overview of Product Competitiveness
Figure 16 Value Chain: Source Measure Unit Market
Figure 17 Market Dynamics
Figure 18 IoT Device Volume Growth, 2015 vs 2020 (Million Units)
Figure 19 Mega Trends: Market
Figure 20 Market Segmentation, By Type
Figure 21 Market, By Type, 2018 & 2023
Figure 22 Market Segmentation, By Form Factor
Figure 23 Benchtop Source Measure Units to Hold Larger Market Size During 2016–2018
Figure 24 Market Segmentation, By Application
Figure 25 Process Industries Segment Accounted for Largest Size of Market in 2017
Figure 26 APAC to Emerge as Key Growth Region for Market During Forecast Period
Figure 27 APAC Region to Witness Highest CAGR in Source Measure Unit Market During Forecast Period
Figure 28 Market Snapshot in North America
Figure 29 Market Snapshot in Europe
Figure 30 Market Snapshot in APAC
Figure 31 Market Share Analysis of Key Players in Source Measure Unit Market, 2016
Figure 32 Market Evolution Framework
Figure 33 Keysight: Company Snapshot
Figure 34 Fortive: Company Snapshot
Figure 35 Rohde & Schwarz: Company Snapshot
Figure 36 National Instruments: Company Snapshot
Figure 37 Yokogawa Electric: Company Snapshot
Figure 38 Advantest: Company Snapshot
Figure 39 Viavi: Company Snapshot
Figure 40 Chroma: Company Snapshot
Figure 41 Teradyne: Company Snapshot

The overall source measure unit market is projected to witness significant growth during the forecast period. The market is growing due to the increasing demand for electronic testing equipment in end-user industries such as automotive, aerospace & defense, IT & telecommunications, education and government, process industries, and healthcare. The market is expected to be valued at USD 746.7 Million in 2018 and is likely to reach USD 1,102.1 Million by 2023, at a CAGR of 8.10% during the forecast period.

The report covers the source measure unit market segmented on the basis of type, form factor, application, end-user industries, and geography. Among types of SMUs, precision SMUs accounted for the largest market share in 2017, which can be attributed to the increasing technological advancements that led to the increased affordability of precision SMUs even for low-level measurements. Benchtop SMUs are gaining momentum as they prove to be an ideal choice for testing semiconductors, active/passive components, and a variety of other devices and materials; hence, benchtop SMUs will grow at the highest rate during the forecast period.

Owing to the high adoption of automation in process industries, there has been an increasing demand for high accuracy and repeatability of electronic devices, parts, and equipment. Therefore, process industries will witness the high adoption of SMUs compared to other end-user industries. Among major applications of source measure units, they are being used extensively for semiconductor devices for testing purpose because of their ease of programming, flexibility in the expansion, and wide coverage of sourcing or/and measuring of signal levels. Due to such advantages, SMUs are an ideal choice for testing a wide array of discrete components and will continue to hold the largest share during the forecast period.

APAC accounted for the largest share of the source measure unit market in 2017. The widespread adoption of 4G services and the upcoming 5G network launch are likely to increase the need for testing mobile devices from mobile phone manufacturing countries such as China and Taiwan. Also, the region has the highest number of mobile phone subscribers, and the demand for high processing, long battery power is increasing. In terms of growth, APAC is expected to lead among other regions during the forecasting period.

Source Measure Unit Market

Output oscillations, ringing, overshoots, and poor transient response times are the drawbacks of source measure units in the case where the system configuration for the device under test is inappropriate. For instance, depending on the load capacitance, the current output voltage bandwidth needs to be selected carefully to avoid output oscillations and poor transient response. In 2017, Fortive Corporation (US), Keysight Technologies  (US), and Rohde & Schwarz GmbH (Germany) led the source measure unit market. Some other companies operating in the market are Yokogawa Electric Corporation (Japan), National Instruments Corporation (US), Advantest Corporation (Japan), Viavi Solution, Inc. (US), Chroma ATE Inc (Taiwan), VX Instruments (Germany), and Teradyne (US).

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