Global General Purpose Test Equipment (GPTE) Markets to 2023: Expected to Grow at a CAGR of 4.93% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 8, 2018--The “Global General Purpose Test Equipment (GPTE) Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.
The global general purpose test equipment (GPTE) market to grow at a CAGR of 4.93% during the period 2019-2023.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The ability to provide high quality services by rolling out 5G network will induce communication service providers to upgrade their infrastructure. The development of 5G mobile network will bring new test challenges such as repeatability, and configuration which will drive the demand for general purpose test equipment, resulting in market growth.
According to the report, one of the major drivers for this market is the roll-out of LTE and LTE-A networks by telecommunication service providers. Network operators are upgrading their networks to LTE and LTE-Advanced (4G) technologies to cater to the demand of their customers for data-based services. These networks require high quality LTE testing equipment to test their standards and protocols, which, in turn will create a demand for general purpose test equipment (GPTE).
Further, the report states that one of the major factors hindering the growth of this market is the high penetration potential for rental and leasing services. Growing awareness of rental and leasing services, and increased R&D and manufacturing activities is leading end-user industries to opt for rented general purpose testing equipment. This, in turn, is hampering the growth of the rented general purpose testing equipment market.
Key VendorsAnritsu Keysight Technologies Lauterbach National Instruments Rohde&Schwarz Teledyne Technologies
Market TrendsDevelopment of 5G Mobile Network Rising Exports of Electronics Growing Adoption of Modular Test and Measurement Equipment
1. Executive Summary
2. Scope of the Report
3. Market Landscape
4. Market Sizing
5. Five Forces Analysis
6. Market Segmentation by Product
7. Customer Landscape
8. Market Segmentation by End-User
9. Geographic Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/ljgspw/global_general?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181108005424/en/
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PUB: 11/08/2018 07:26 AM/DISC: 11/08/2018 07:25 AM