Global general purpose test equipment market: Adoption of wireless standards driving growth
Analysis of the European General Purpose Test Equipment Market - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-21 20:43:03
The main factors driving revenue growth for all the product segments in the global general purpose test equipment market are multiplication and massive adoption of wireless standards across the region. Significant upgrades and the migration towards 4G technologies will generate demand for products with new and improved functionalities.Consumer electronics and computing will be the fastest growing segments for the GP test equipment market followed by automotive and industrial electronics. The main contributing factor is the increased adoption of wireless and broadband technologies in devices across these vertical markets.Some of the factors restraining the market would be associated with the recurring economic crisis, long sales cycles, market maturity, and price sensitivity.Modular test instruments will be stronger competition for traditional instruments. Such instruments are expected to gain increasing shares throughout the forecast period.
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