Global Source Measure Unit Market is expected to reach USD 1287.15 Million by 2024 from USD 695.41 Million in 2016 at a CAGR of 8.0 % (Detailed analysis of the market CAGR is provided in the report).
Global Source Measure Unit Market based on type, precision SMUs expected to be the major contributor for the market growth during the forecast period. This is due to the rising technological developments leading to the increased affordability of precision Global Source Measure Unit Market even for low-level measurements. Based on form factor, benchtop is expected to grow at a high rate during the forecast period. As they are increasingly used for testing semiconductors, active/passive components and a variety of other devices and materials. Based on application semiconductor devices is expected to hold largest shares of the market during the forecast period. As source measure units are widely used for semiconductor devices for testing purpose because of their ease of programming, flexibility in the expansion and wide coverage of sourcing and measuring of signal levels. Geographically, the Global Source Measure Unit Market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. The Asia Pacific is expected to be the largest market for source measure unit during the forecast period. Global Source Measure Unit Market is due to the large adoption of 4G services and the forthcoming 5G services are expected to increase the need for testing mobile devices and a large number of mobile phone subscribers in this region. The years that have been considered for the study are: • Base year – 2016 • Estimated year – 2017 • Forecast period – 2017 to 2024 Key Highlights: • Assessment of market definition along with the identification of key players and analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints and challenges for Global Source Measure Unit Market during the forecast period • Complete quantitative analysis of the industry from 2017 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities • In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain • Global Source Measure Unit Market analysis and comprehensive segmentation with respect to the type, form, application, end-user industry, and geography to assist in strategic business planning • Global Source Measure Unit Market analysis and forecast for five major geographies North America, Europe, Asia Pacific, Middle East & Africa, Latin America and their key regions.
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