The global precision source measure unit market size is expected to grow from USD 394 million in 2019 to USD 637 million in 2024 at a CAGR of 10.1% from 2019 to 2024. North America is estimated to be the largest precision source measure unit market, followed by Asia Pacific in 2019 and this trend is expected to continue during the forecast period. The growth of the precision source measure unit industry can be attributed to the high level of integration & flexibility of the precision source measure unit and growing demand from the automotive and medical industries.
The precision source measure unit market is dominated by a few major players that have an extensive regional presence. The leading players in the precision source measure unit markets are Tektronix (US), Keysight Technologies (US), National Instruments (US), Chroma ATE (Taiwan), and Yokogawa Electric (Japan). The new product launch is the most commonly adopted strategy from August 2016 to December 2019.
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Tektronix (US), founded in 1946, designs and manufactures test and measurement solutions. Tektronix has become a subsidiary of Fortive in 2007. The company offers a broad range of product portfolio which includes oscilloscopes, analyzers, signal generators, sources & supplies, source measure units, digital multimeters, video test equipment, and semiconductors test systems for various applications such as semiconductor devices, laser diodes devices, circuit protection devices, airbags, fuses, and batteries. In 2007, Tektronix merged with Keithley to manufacture data acquisition products and complete systems for high volume production, such as source measure units and power supplies. Under the source measure unit segment, Tektronix offers SMU 2400 series, 2600B series SMU, and 2650 series high power source meter SMU to provide precise voltage and a current source coupled with measurement. Tektronix has adopted new product launches as a key strategy to strengthen its presence in the global market. In July 2016, Tektronix launched Keithley Model 2461 source meter SMU. The Keithley 2461 High Current source meter SMU offers the capabilities for creating precisely controlled 10 A/100 V, 1000 W high-current pulses that minimize power device thermal effects and maintain device integrity.
National Instruments (US), founded in 1946, designs and manufactures products in the field of measurement, embedded systems, and automation. The company accelerates productivity and innovation through an open, software-defined platform. It provides software and hardware platforms under the category of modular instrumentation (VXI/PXI-based instrumentation) to speed up the testing and measurement process. It offers a broad range of products, including source measure units, digital multimeters, waveform generators, digital instruments, oscilloscopes power supplies, and loads. The company provides its source measurement units under its Electronic Test and Instrumentation business segment. The company has an R&D center in Austin (Texas, US), manufacturing units in Debrecen (Hungary) and Penang (Malaysia), and its sales and support offices in the US, Canada, China, Japan, Australia, Turkey, Denmark, Ireland, and South Africa. National Instruments adopted new product launches as a key strategy to strengthen its presence in the global market. In February 2018, National Instruments launched the PXIe-4163 module, a new SMU in PXI format, which is distinguished by the density of its channels.
Precision Source Measure Unit Market by Current Range (1µA–1mA,1mA–1A,Above 1A) Application (Aerospace, Defense& Government Services; Automotive; Energy; Wireless Communication& Infrastructure) Form Factor(Benchtop, Modular) Region - Global forecast to 2024
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