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In-depth Analysis of the Global Portable/Handheld Test
Equipment Market LTE Deployments Across the World Drive Market Growth
NC59-30
September 2013
2 NC59-30
Research Team
Jessy Cavazos Industry Director
Test & Measurement
Sujan Sami Industry Manager
Measurement & Instrumentation
Lead Analyst
Program Manager and Strategic Review
Committee Leader
Special Thanks
Raaj Datta
Assistant Editor
Jeannette Garcia Corporate Communications
Measurement & Instrumentation
210.477.8427
For more information:
3 NC59-30
Section
Executive Summary
Market Overview
Total Portable/Handheld Test Equipment Market
• External Challenges: Drivers and Restraints
• Forecast and Trends
• Market Share and Competitive Analysis
• Mega Trends and Industry Convergence Implications
General Purpose Test Equipment Segment Breakdown
• Market Share and Competitive Analysis—General Purpose Test Equipment Segment
Electrical Test Equipment Segment Breakdown
• Market Share and Competitive Analysis—Electrical Test Equipment Segment
Environmental Test Equipment Segment Breakdown
• Market Share and Competitive Analysis—Environmental Test Equipment Segment
The Last Word
Appendix
Contents
5 NC59-30
• With the focus of test equipment end users moving towards battery-operated instruments
and integrated test equipment, the handheld/portable test equipment market is expected
to witness technological changes and enhanced growth during the forecast period.
• (Long Term evolution) LTE deployments across the world are expected to bolster the
growth of portable/handheld RF test equipment.
• However, the use of these instruments is expanding beyond the wireless
communications market and gaining momentum in critical applications such as military
and aerospace due to their portability, ease of use, and instant results.
• Although the majority of the revenues are coming from field applications, portable
instruments are expected to make inroads into R&D applications as a complementary
product to existing benchtop instruments.
• Price pressure is severe in this market as the products are typically low-cost. It is even
more severe in China, where there are several low-cost vendors competing with global
tier I test vendors. Source: Frost & Sullivan
Executive Summary
6 NC59-30
2 Portable instruments are expected to make
their way into R&D, with an increase in
features and functionality.
3
Modular instruments such as those based on
PCI eXtensions for Instrumentation (PXI) are
expected to enter field applications due to
their small form factor.
4
Indirect sales channels are preferred as
these instruments require less technical
know-how and also to increase customer
reach.
5 Product differentiation and brand recognition
are important factors for test vendors’
success.
1
Battery-powered instruments are gaining
importance within the overall test and
measurement industry with improvements in
batteries and battery life.
Executive Summary—CEO’s Perspective
Source: Frost & Sullivan
8 NC59-30
Market Overview—Definitions
The portable/handheld test equipment market is segmented into 3 main product segments.
General Purpose Test Equipment:
The products under this segment include oscilloscopes, multimeters, spectrum analyzers,
signal generators, network analyzers, electronic counters, and power meters – USB and
LCR meters.
Electrical Test Equipment:
The products under this product segment include milliohm meters, micro ohm meters,
insulation testers, phase/rotation testers, earth ground testers/earth resistance
testers/ground resistance meters, harmonic/leakage testers, hipot testers,
megohmmeter/insulation testers, earth and receptivity testers, voltmeters, clamp on
ammeters, and thermal Imagers.
Environmental Test Equipment:
The products under this segment include humidity meters, light meters, sound meters,
moisture test meters, water quality meters, and vibration testers.
Source: Frost & Sullivan
9 NC59-30
Market Overview—Definitions (continued)
The various geographic regions covered in this study include:
• North America: Canada and the United States.
• Europe: Western, Central, Eastern Europe, and Russia.
• Asia-Pacific: Countries that are on the western border of the Pacific Ocean (including
those on the Indo-Chinese peninsula), the Pacific Islands, and Central Asia.
• Emerging Markets: Central and South America, the Caribbean islands, the Middle
East, and Africa.
The various end users include:
General Purpose Test Equipment – Education, military/government,
broadband/telecommunication, computer design, semiconductors, industrial & automotive,
and others (semiconductor chip manufacturers, medical research, chemical, professional
repair and maintenance services).
Electrical Test Equipment – Medical, military/government, industrial & automotive, and
others (universities and utilities).
Source: Frost & Sullivan
10 NC59-30
Market Overview—Definitions (continued)
Environmental Test Equipment:
Light meters – Germicidal light measurement, testing lighting of work places and quality
assurance in manufacture of lamps & light sources.
Sound meters – Production and repetitive testing, noise monitoring, building acoustics,
mapping, automotive & transportation, material testing, and aerospace and structural
dynamics.
Humidity meters and Vibration testers – Agriculture, soil monitoring, geotechnical, pulp &
paper, food industry, and building construction applications.
Moisture meters – concrete monitoring, grain moisture measurement, wood moisture and
non-destructive moisture testing.
Water quality meters – Water quality parameter spot measurements such as temperature,
dissolved oxygen, conductivity, pH, ORP (Redox), depth, and turbidity.
NOTE: The products covered in the portable/handheld test equipment market are used in
installation & maintenance applications. Today, some of these products are being used in
research and development (R&D) as an addendum to the benchtop instruments. Source: Frost & Sullivan
11 NC59-30
Is the market growing, how long will it continue to grow, and at what rate?
Which product segments will grow the fastest during the next 7 years?
Which regions show greater revenue potential for handheld/portable test equipment?
How will the structure of the market change with time in terms of form factor? Is the current structure
good for new types of portable test equipment?
Are the products/services offered today meeting customer needs, or is there additional development
needed?
Which of the end-user groups represent most of the growth opportunities?
Market Overview—Key Questions This Study Will Answer
Source: Frost & Sullivan
12 NC59-30
External Challenges: Drivers and Restraints—
Total Portable/Handheld Test Equipment Market
13 NC59-30
Total Portable/Handheld Test Equipment Market: Key Market Drivers and Restraints, Global, 2013–2019
Economic turmoil in Europe and Japan hinders test
equipment growth
Requirement for highly complex data capture and
analysis hinders entry into R&D
Price pressure lowers sales volume
1–2 Years 3–4 Years 5–7 Years
Growth of LTE boosts market growth
Improvements made in battery technology make
portable instruments more attractive
Integrated test equipment drives market growth
Education sector boosts product demand
Mark
et
Dri
vers
M
ark
et
Restr
ain
ts
Impact: High Medium Low
Drivers and Restraints
Source: Frost & Sullivan
14 NC59-30
Europe
The economic
turmoil has
weakened the
growth of
European
market.
India
Educational
institutions are
gaining power
and partnering
with vendors
for research.
Brazil
Energy and
infrastructure
investments are
expected to
stimulate
economic
growth.
North America
Presence of Tier
I vendors and
importance of
quality sustains
market growth. China
Change in
political
leadership is
expected to drive
economic
reforms.
Global Hot Spots
Source: Frost & Sullivan
15 NC59-30
General Purpose Test Equipment Segment: Competitive Structure, Global, 2012
Number of Companies in the Market More than 50
Competitive Factors Ease of use, pricing, features, brand recognition
Key End-user Groups Education, broadcast/telecommunication, computer
design/semiconductors/others (medical research, chemical,
professional repair and maintenance services),
military/government, and industrial and automotive
Major Market Participants Fluke, Agilent, Rohde & Schwarz, and Anritsu
Distribution Structure Mostly indirect sales
Competitive Environment
Source: Frost & Sullivan
16 NC59-30
Electrical Test Equipment Segment: Competitive Structure, Global, 2012
Number of Companies in the Market More than 100
Competitive Factors Ease of use, price, brand recognition
Key End-user Groups Aerospace, military and defence, medical devices, industrial
and automotive; and others – laboratories, education, and
professional services
Major Market Participants Fluke, Chauvin Arnoux, Extech, and Megger
Distribution Structure Indirect sales
Competitive Environment
Source: Frost & Sullivan
17 NC59-30
Environmental Test Equipment Segment: Competitive Structure, Global, 2012
Number of Companies in the Market More than 50
Competitive Factors Ability to operate under harsh conditions, product quality,
price, and ease of use
Key End-user Groups Automotive & transportation; aerospace, military and defence;
material testing (including NDT), and others– construction,
oil & gas, laboratories
Major Market Participants General Electric, Vaisala, AEMC, and Extech
Distribution Structure Indirect sales
Competitive Environment
Source: Frost & Sullivan
18 NC59-30
Frost & Sullivan takes no responsibility for any incorrect information supplied to us by
manufacturers or users. Quantitative market information is based primarily on interviews and
therefore is subject to fluctuation. Frost & Sullivan research services are limited publications
containing valuable market information provided to a select group of customers. Our
customers acknowledge, when ordering or downloading, that Frost & Sullivan research
services are for customers’ internal use and not for general publication or disclosure to third
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a retrieval system, or transmitted in any form or by any means, electronic, mechanical,
photocopying, recording or otherwise, without the permission of the publisher.
For information regarding permission, write to:
Frost & Sullivan
331 E. Evelyn Ave. Suite 100
Mountain View, CA 94041
Legal Disclaimer
20 NC59-30
One of Frost & Sullivan’s core deliverables
is its Market Engineering studies. They
are based on our proprietary Market
Engineering Methodology. This approach,
developed across the 50 years of
experience assessing global markets,
applies engineering rigor to the often
nebulous art of market forecasting and
interpretation.
A detailed description of the methodology
can be found here.
Market Engineering Methodology
Source: Frost & Sullivan
21 NC59-30
• World General Purpose Test Equipment Markets
• Asia Pacific General Purpose Test Equipment Markets
• World Oscilloscopes Markets
• Mega Trends to Shape the Future of the Electronics Test and Measurement (T&M)
Industry
• World Signal Generators and Arbitrary Waveform Generators Markets
• High Growth Test and Measurement Opportunity: Modular Instruments
• Asia Pacific Modular Instrumentation Markets
• Distribution and Product Analyses of the General Purpose Test Equipment Market in China
• Distribution and Product Analyses of the General Purpose Test Equipment Market in India
• General Purpose Test Equipment Market in Select Asia Pacific Countries
Additional Sources of Information on Electronic Test
Equipment Market
Source: Frost & Sullivan
22 NC59-30
• Agilent Technologies
• Anritsu
• Chauvin Arnoux
• Megger
• Gossen Foto- und Lichtmesstechnik GmBH
• Aspen
• Grainger
• Transcat
• HIOKI E.E. CORPORATION
• IDEAL INDUSTRIES, INC
• Rohde & Schwarz
• Yokogawa Meters & Instruments Corporation
Partial List of Companies Interviewed
Source: Frost & Sullivan
23 NC59-30
• Aaronia AG
• Acute Technology Inc.
• Aeroflex Incorporated
• Amprobe
• B&K Precision Corp.
• Chauvin Arnoux
• Chroma Systems Solutions, Inc.
• Digimess Instruments Ltd
• Duncan Instruments Canada Ltd.
• DynamicSignals LLC
• Elmika
• IET Labs, Inc.
• FLIR Commercial Systems
• Flite Electronics International Limited
• Giga-tronics Incorporated
• Good Will Instrument Co., Ltd
• GMC-I Messtechnik GmbH
• General Tools & Instruments
• HIOKI E.E. CORPORATION
• Janatek
• KIKUSUI ELECTRONICS CORPORATION
• KUSAM-MECO
• Link Instruments Inc.
• Megger
• Oscium
• Pico Technology
• Rigol Technologies Inc.
• Signal Hound
• TEGAM Inc.
• Yokogawa Meters & Instruments Corporation
Other Market Participants—General Purpose Test
Equipment Segment
Source: Frost & Sullivan
24 NC59-30
• KIKUSUI ELECTRONICS CORPORATION
• KUSAM-MECO
• NEC Avio Infrared Technologies Co. Ltd.
• OMEGA Engineering inc.
• PPM, Inc.
• Precision MASTECH Enterprises Co.
• Seaward
• TES Electrical Electronic Corp.
• TEGAM Inc.
• Test Products International, Inc.
• Weschler Instruments
• Yokogawa Meters & Instruments
Corporation
• Amprobe
• Associated Research, Inc.
• B&K Precision Corp.
• Chroma Systems Solutions, Inc.
• Duncan Instruments Canada Ltd.
• IET Labs, Inc.
• Flite Electronics International Limited
• GMC-I Messtechnik GmbH
• Greenlee Textron Inc.
• HIOKI E.E. CORPORATION
• Hipotronics, Inc.
• Hoyt Electrical Instrument Works Inc.
• IDEAL INDUSTRIES, INC
Other Market Participants—Electrical Test Equipment
Segment
Source: Frost & Sullivan
25 NC59-30
• Amprobe
• B&K Precision Corp.
• Central Technology Corp
• Control Company
• CHINO Works America Inc.
• Duncan Instruments Canada Ltd.
• E + E Elektronik Ges.m.b.H
• Fieldpiece Instruments, Inc.
• Fluke Corporation
• Gossen Foto-und-Lichtmesstechnik GmBH
• General Tools & Instruments
• HIOKI E.E. CORPORATION
• Janatek
• KUSAM-MECO
• Megger
• Monarch Instrument
• Omega Engineering
• PROTEK Test and Measurement
• REED Instruments
• Simpson Electric Company
• TEGAM Inc.
• Testo AG
• W.W. Grainger, Inc.
• Yokogawa Meters & Instruments
Corporation
Source: Frost & Sullivan
Other Market Participants—Environment Test Equipment
Segment