USA: The global electronic test and measurement (T&M) instruments market is projected to reach 4 million units generating sales worth US$4.5 billion in 2010. United States represents the single largest electronic test & measurement instruments market through 2001-2010. Sales in the United States are projected to reach 1.4 million units equivalent to US$1.4 billion by 2010. Asia-Pacific, the fastest growing market, is projected to exhibit a CAGR of 2.8 percent over the forecast period.

Electronic T&M instruments demand has traditionally been propped up by growth in the telecom industry. As the largest end-use market, telecommunications networks are exceedingly dependent on the functionality of electronic T&M instruments, as the minutest distortion of signals can result in failure to communicate. Establishment of new networks in developing economies and the need to upgrade existing communication infrastructure are the major demand drivers for electronic test and measurement instruments market.

Volt/Am/Watt Meters Market, the largest and fastest growing segment, is projected to account for 3.0 million units by 2010. Unit demand for Oscilloscopes (digital, analog and PC-based) is projected to grow at 1.5 percent over the forecast period 2001-2010. Oscilloscopes Market, in value terms, represents the largest and fastest growing segment over the analysis period 2001-2010, expanding at a CAGR of 2.1 period during the period. Communications industry represents the largest consumer of Electronic T&M instruments through 2001-2010. The industry demand is projected to reach 1.2 million units by 2010. Industrial electronics & automotive denotes the fastest growing end-use industry for electronic T&M instruments, expanding at a CAGR of 3.1 percent through 2001-2010.

As per the findings of the new report, definite shift in telecom market toward 3G mobile systems has opened up a world of opportunities for select product segments capable of high-resolution measurements such as signal analyzers. Future demand for electronic T&M instruments is like to stem from new emerging application areas in communication, such as, satellite-based personal networks, home automation networks, wireless LANs, and wireless Internet.

Surge in the upcoming years will be fuelled by growth in electronics, telecom, personal entertainment, and Internet infrastructure industries. The trend toward faster Internet connectivity, advanced wireless telecom features, Internet-ready phones, high-speed networks, and deployment of highly sophisticated computers are some of the factors expected to lead to a spurt in innovations in electronic test and measurement technology.

The competitive climate in the global market is all set for a dynamic change, as electronic test and measurement instruments become increasingly technology driven. Advances in communication technologies, such as, asynchronous transmission mode (ATM), synchronous optical network (SONET), Bluetooth, Gigabit Ethernet and 10GigE, are likely to present technological challenges, and create an environment where the winning edge would lie in innovation, and unrelenting international focus on mushrooming Asian markets, i.e., China, Korea, Malaysia, and India.

Dominant global players in the market are Agilent Technologies, Ideal Industries, Inc., JDS Uniphase Corp., LTX Corporation, Tektronix Inc., and Yokogawa Electric Corp. among others.