Precision Source Measure Unit Market

Precision Source Measure Unit Market was estimated at USD 395 Million in 2019 and predicted to grow at 9.8% CAGR during.

Source Measure Unit (SMU) is a source and measurement resource for test applications that require high accuracy, measurement flexibility, and high resolution. It can source voltage and current and can simultaneously measure the voltage or current. SMU integrates the capabilities of a function generator or power supply, an oscilloscope, digital multimeter, current source, and an electronic load into a single and tightly synchronized instrument. It is used widely for determining IV characteristics of any semi-conductor based device.

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Growing demand from automotive and medical industries, high level of flexibility and integration of precision source measure unit, and the growing IoT market leveraging precision SMU for device testing are the key factors boosting the growth of the Precision Source Measure Unit market. The technologically advanced precision source measure unit can perform low current measurements during the presence of high load capacitance due to complex test setups and long cables. They are competent in overcoming challenges of traditional SMU as precision SMU can source voltage and measure current with longer cables or more connection capacitance. This helps researchers and manufacturing test engineers to save time and cost. Therefore, such enhanced features of precision source measure unit is catalyzing the growth of the market. However, the availability of multiple alternatives that could perform similar to the SMU could hinder the growth of the market.

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On the basis of current range, the market is segmented into 1 µA –1 mA, 1 mA – 1 A, and more than 1. Among these, the 1 µA –1 mA current range is projected to grow at a higher CAGR during the forecast period. This is attributed to the benefits offered by 1 µA –1 mA current range, which includes four-quadrant voltage, flexibility, current source or load coupled with current meters and precision voltage. Moreover, the growing demand for test and measurement solutions in semi-conductor industry in Asia Pacific and North America regions is expected to accelerate the growth of 1 µA –1 mA current range during the forecast period.

Based on the application, the market is segmented into aerospace, defense & government services, automotive, energy, wireless communication & infrastructure, and others. Among these, the automotive segment is expected to grow at a higher CAGR during the forecast period. The automotive industry has adopted automation on large scale for manufacturing vehicles. With the rising number of electric parts in vehicles, the need for these parts to perform their functions flawlessly and accurately has increased. Therefore, to address such challenges, precision source measure units are used to provide multiple measurements in automotive test application, leading to the growth of precision SMU in automotive industry.

On the basis of form factor, the market is segmented into benchtop and measure precision source measure unit. Among these, the modular precision source measure unit is projected to grow at a higher CAGR during the forecast period. With the development of modular precision source measure unit, designing of multi-channel system has become possible to meet goals of design and test engineers. It provides flexibility, which is required to reduce test cost, and adds capabilities such as integrating different types of instruments in modular precision source measure unit. Hence, designing of multi-channel system accelerates the growth of modular precision source measure unit during the forecast period.

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Based on the region, North America is expected to grow at a higher CAGR during the forecast period. The end-users in the region are shifting from connecting devices to intelligent transport systems, which is generating high demand in defense & government services, aerospace, automotive, and energy accelerating the growth of market in the region. Moreover, Asia-Pacific region is projected to grow at a higher CAGR during the forecast period. This is attributed to the increasing number of manufacturers of electronic and semi-conductor products in the countries like China, India, and Vietnam.

The key players in the market include Tektronix Inc, Keysight Technologies Inc, National Instruments Corporation, Chroma ATE Inc, Yokogawa Electric Corporation, Rohde & Schwarz GmbH & Co KG, VX Instruments, Aemulus Corporation, and Marvin Test Solutions Inc., among others.

The Global Precision Source Measure Unit market has been segmented based on Current Range, Application, Form Factor, and key Regions. Based on Current Range, the market is segmented into 1 µA –1 mA, 1 mA – 1 A, and More than 1. Based on Application, the market is segmented into Aerospace, Defense & Government Services, Automotive, Energy, Wireless Communication & Infrastructure, and Others. Based on Form Factor, the market is segmented into Benchtop and Modular.

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Key questions answered in this research report:

• • At what pace is the Global Precision Source Measure Unit market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Global Precision Source Measure Unit market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the Global Precision Source Measure Unit market?
  • What are various applications areas of Global Precision Source Measure Unit market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Precision Source Measure Market by Current Range

• • 1 µA –1 mA
  • 1 mA – 1 A
  • More than 1A

Global Precision Source Measure Market by Application

• • Aerospace, defense & government services
  • Automotive
  • Energy
  • Wireless communication & infrastructure
  • Others (Consumer electronics & appliances, and medical equipment manufacturing)

Global Precision Source Market Measure by Form Factor

• • Benchtop
  • Modular

Global Precision Source Measure Market by Region

• • North America Precision Source Measure Market
    Option 1: As a part of the free 25% customization
    • By Current Range
    • By Application
    • By Form Factor
    • US All-Up Precision Source Measure Market
    • Canada All-Up Precision Source Measure Market
  • Europe Precision Source Measure Market
    Option 2: As a part of the free 25% customization
    • By Current Range
    • By Application
    • By Form Factor
    • UK All-Up Precision Source Measure Market
    • Germany All-Up Precision Source Measure Market
    • Rest of Europe All-Up Precision Source Measure Market
  • Asia-Pacific Precision Source Measure Market
    Option 3: As a part of the free 25% customization
    • By Current Range
    • By Application
    • By Form Factor
    • China All-Up Precision Source Measure Market
    • India All-Up Precision Source Measure Market
    • Rest of Asia-Pacific All-Up Precision Source Measure Market
  • RoW Precision Source Measure Market
    Option 4: As a part of the free 25% customization
    • By Current Range
    • By Application
    • By Form Factor
    • U.A.E. All-Up Precision Source Measure Market
    • Brazil All-Up Precision Source Measure Market
    • Rest of the World (remaining countries of LAMEA) All-Up Precision Source Measure Market

Leading Market Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • Tektronix Inc
  • Keysight Technologies Inc
  • National Instruments Corporation
  • Chroma ATE Inc
  • Yokogawa Electric Corporation
  • Rohde & Schwarz GmbH & Co KG
  • VX Instruments
  • Aemulus Corporation
  • Marvin Test Solutions Inc