Global Electronic Test & Measurement Software Growth Opportunities

Global Electronic Test & Measurement Software Growth Opportunities

  • September 2021 •
  • 63 pages •
  • Report ID: 6169447 •
  • Format: PDF
The global electronic T&M market is estimated to experience an approximate 4.2% compound annual growth rate (CAGR) from 2020 to 2027.Some of the key market trends prevailing in the electronic T&M market include:
• The communications and defense sectors provide growth opportunities for software test solutions with focus on big data analysis.
• The need for software test solutions is gaining traction in research & development applications for faster verification analysis.
• China has recovered faster than other nations across the globe leading to higher growth in the APAC region.
• The GP test software segment is expected to continue to dominate the market with 88.8% of the total market share in 2020.
• USB-based general purpose instruments are important for verification and quick analysis with plug-and-play option. For example, faster analysis is being offered with the latest USB 3.0 that provides data rates up to 280 megabits per second. The global electronic T&M market generated $2,300 million in 2020, with a base year growth rate of (4.0%). The market is expected to grow once the impact of COVID-19 eases out in 2021 and beyond.