Market Overview:
The global precision source measure unit market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for precision source measure units in various applications such as aerospace, defense and government services, automotive, energy, wireless communication and infrastructure. Additionally, the growing demand for miniaturization of electronic devices is also fueling the growth of the global precision source measure unit market.
Product Definition:
The Precision Source Measure Unit (PSMU) is a device that allows for the accurate measurement of current and voltage. The importance of the PSMU is that it allows for more precise measurements than traditional methods, which can lead to better understanding of how devices work and improved performance.
1µA–1mA:
Precision source measure unit (PSMU) market size was valued at USD 0.0004 million in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024. The growth can be attributed to the increasing demand for high accuracy, low noise, and cost-effective solutions across various applications such as automotive & transportation, consumer electronics & semiconductors, healthcare & life sciences industries.
1mA–1A:
1 mA - 1 A is a unit of current that represents one ampere. It is equal to 0.001 A and commonly used as a measure for electrical power sources with typical values being 0 - 1000 uA, 1 - 100 mA, and 1 - 10 A.
Application Insights:
The energy segment dominated the market in 2017 and is expected to witness significant growth over the forecast period. The growing need for source measure units in renewable energy generation, storage, and distribution systems has led to an increased demand for RPVU. Furthermore, increasing investments by countries such as China and Japan in various solar power projects are likely to propel industry expansion over the coming years.
Automotive application segment is also estimated to register a notable CAGR during the forecast period on account of rising demand from automotive manufacturers for advanced automotive electronics products with improved performance characteristics. In addition, stringent regulations pertaining to product safety are anticipated to further drive industry growth over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to increasing investments in R&D and adoption of advanced technologies across various industries. Moreover, growing demand for wireless communication devices is expected to drive regional market over the forecast period.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising disposable income, expanding middle-class population base, and rapid development of infrastructure including power generation and distribution networks in countries such as China and India. In addition, increasing government initiatives aimed at developing manufacturing capabilities are likely to support regional market growth over the next eight years (until 2030).
Europe accounted for a significant share of revenue generated by precision source measure units globally due to high demand from automotive industry located primarily in Germany, France Italy Russia Spain U.K., France Italy Russia Spain U.K.
Growth Factors:
- Increasing demand for miniaturization in electronics industry
- Rising demand for semiconductor and optoelectronics devices
- Growing popularity of 3D printing technology
- Proliferation of the Internet of Things (IoT) and 5G networks
- Emergence of new applications such as autonomous vehicles, drones, and smart sensors
Scope Of The Report
Report Attributes
Report Details
Report Title
Precision Source Measure Unit Market Research Report
By Type
1µA–1mA, 1mA–1A, Above 1A
By Application
Aerospace, Defense and Government Services, Automotive, Energy, Wireless Communication and Infrastructure
By Companies
Tektronix (US), Keysight Technologies (US), National Instruments (US), Chroma ATE (Taiwan), Yokogawa Electric (Japan), VX Instruments (Germany), Rohde & Schwarz (Germany), Ossila (UK), Marvin Test Solutions (US)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Precision Source Measure Unit Market Report Segments:
The global Precision Source Measure Unit market is segmented on the basis of:
Types
1µA–1mA, 1mA–1A, Above 1A
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace, Defense and Government Services, Automotive, Energy, Wireless Communication and Infrastructure
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tektronix (US)
- Keysight Technologies (US)
- National Instruments (US)
- Chroma ATE (Taiwan)
- Yokogawa Electric (Japan)
- VX Instruments (Germany)
- Rohde & Schwarz (Germany)
- Ossila (UK)
- Marvin Test Solutions (US)
Highlights of The Precision Source Measure Unit Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 1µA–1mA
- 1mA–1A
- Above 1A
- By Application:
- Aerospace
- Defense and Government Services
- Automotive
- Energy
- Wireless Communication and Infrastructure
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Precision Source Measure Unit Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Precision Source Measure Unit (PSMU) is a metric used to measure the accuracy of measurements taken from sources such as lasers, radar, and satellites. PSMU is defined as the standard deviation of the measurement error over all measurements made from a given source.
Some of the key players operating in the precision source measure unit market are Tektronix (US), Keysight Technologies (US), National Instruments (US), Chroma ATE (Taiwan), Yokogawa Electric (Japan), VX Instruments (Germany), Rohde & Schwarz (Germany), Ossila (UK), Marvin Test Solutions (US).
The precision source measure unit market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Precision Source Measure Unit Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Precision Source Measure Unit Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Precision Source Measure Unit Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Precision Source Measure Unit Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Precision Source Measure Unit Market Size & Forecast, 2020-2028
4.5.1 Precision Source Measure Unit Market Size and Y-o-Y Growth
4.5.2 Precision Source Measure Unit Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 1µA–1mA
5.2.2 1mA–1A
5.2.3 Above 1A
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Aerospace
6.2.2 Defense and Government Services
6.2.3 Automotive
6.2.4 Energy
6.2.5 Wireless Communication and Infrastructure
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Precision Source Measure Unit Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Precision Source Measure Unit Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 1µA–1mA
9.6.2 1mA–1A
9.6.3 Above 1A
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Aerospace
9.10.2 Defense and Government Services
9.10.3 Automotive
9.10.4 Energy
9.10.5 Wireless Communication and Infrastructure
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 1µA–1mA
10.6.2 1mA–1A
10.6.3 Above 1A
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Aerospace
10.10.2 Defense and Government Services
10.10.3 Automotive
10.10.4 Energy
10.10.5 Wireless Communication and Infrastructure
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 1µA–1mA
11.6.2 1mA–1A
11.6.3 Above 1A
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Aerospace
11.10.2 Defense and Government Services
11.10.3 Automotive
11.10.4 Energy
11.10.5 Wireless Communication and Infrastructure
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 1µA–1mA
12.6.2 1mA–1A
12.6.3 Above 1A
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Aerospace
12.10.2 Defense and Government Services
12.10.3 Automotive
12.10.4 Energy
12.10.5 Wireless Communication and Infrastructure
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 1µA–1mA
13.6.2 1mA–1A
13.6.3 Above 1A
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Aerospace
13.10.2 Defense and Government Services
13.10.3 Automotive
13.10.4 Energy
13.10.5 Wireless Communication and Infrastructure
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Precision Source Measure Unit Market: Competitive Dashboard
14.2 Global Precision Source Measure Unit Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tektronix (US)
14.3.2 Keysight Technologies (US)
14.3.3 National Instruments (US)
14.3.4 Chroma ATE (Taiwan)
14.3.5 Yokogawa Electric (Japan)
14.3.6 VX Instruments (Germany)
14.3.7 Rohde & Schwarz (Germany)
14.3.8 Ossila (UK)
14.3.9 Marvin Test Solutions (US)
