- ResearchAndMarkets.com offers a study of the global electronic instrumentation market titled “General Purpose Electronic Test and Measurement Instruments – Global Market Trajectory & Analytics”.
- According to the study, the global general purpose electronic test and measurement instruments market, could grow at an annual rate of 5.4% between 2020 and 2027.
- Estimated at $7.7 billion in 2020, the market is expected to reach $11.2 billion by 2027.
The digital oscilloscope market, with a compound annual growth rate of 4%, could reach $2.1 billion by 2027.
The modular oscilloscope segment (operating in conjunction with a PC) is expected to grow 5.9% from 2020 to 2027. This segment currently accounts for 3% of the global market for general-purpose electronic test and measurement instruments.
In the U.S., the market for general purpose electronic test and measurement instruments is estimated to be worth $2.1 billion in 2020. This represents 27% of the global market.
In China, the world’s second-largest economy, this market is expected to grow 8.6% annually through 2027 to reach $2.4 billion in 2027.
In Japan and Canada, the market for general-purpose electronic test and measurement instruments is expected to grow by 3% and 4.3%, respectively, between 2020 and 2027.
In Europe, the German market is expected to grow at a CAGR of approximately 3.8%. In the rest of Europe (as defined in the study), the market will reach $2.4 billion by 2027.
In 2020, the network analyzer segment accounted for 15.8% of the general-purpose electronic test and measurement instruments market. The segment is estimated to grow at an average of 4.4% from 2020 to 2027 in the United States, Canada, Japan, China, and Europe. These regional markets, valued at $924.9 million in 2020, could reach US$1.2 billion by 2027.