A Complete Study On Source Measure Unit Market
Introduction
The source measure unit (SMUs) devices are
instruments that are capable of sourcing voltage while simultaneously measuring
the current. These devices are highly accurate, gives high resolution and
measurement flexibility. On the basis of product type, the market of source
measure unit devices can be segmented into source measure unit devices. SMUs
have various applications in many end-users such as Automotive, IT &
Telecommunication, Aerospace & Defense, and Healthcare. However, they are
majorly employed in applications of semiconductor devices, precision
electronics. SMUs are employed for testing a huge range of discrete components
due to ease of programming, flexibility in the expansion, and wide coverage of
measuring signal levels. SMUs eliminates the need for developing complex
synchronization and connection using multiple instruments thereby reduces the
cost.
Drivers of the source measure unit devices market
The demand for electronic testing equipment
is increasing across its end-users such as automotive, IT &
telecommunication, aerospace & defense, and healthcare which is boosting
the source measure units market growth. The demand for SMUs is increasing due
as it supports faster testing with improved accuracy than traditional means.
Its market is flourishing as it eliminates the need for developing complex
synchronization and connection using multiple instruments and helps in
cost-cutting. SMUs have a high level of integration capabilities and they are
flexible with different electronic devices that are uplifting its market.
Technological advancements and automation in process industries have increased
the demand for higher accuracy and better performance of electronic devices,
parts, and equipment which is further boosting the market.
Hindrances and opportunities
Sometimes SMUs overshoot the current and it
also losses its accuracy due to the radio-frequency electromagnetic fields.
These are major challenges to the market. Also, source measure units take a
longer time to respond which is restraining its market growth. However, source measure units market size is expected to grow on account of increasing
investments to make hybrid vehicles. Increasing demand and adaptation of such
vehicles will boost the market of source measure units in the coming future.
Also, the 5G launch has opened new avenues for the growth of the market on
account of increasing requirements of testing mobile phones.
Market Segmentation
Geographically, Asia Pacific is expected to
have a significant market share in the global source measure units market. The
growth is projected on account of extensive adaptation of 4G services in the
region. The number of mobile phone subscribers in Asia Pacific region is huge
and it is increasing rapidly which has boosted the demand for better
performance and longer battery life which in turn is further boosting the
market in the region. The market of Asia Pacific region is expected to grow at
a rapid pace on account of the upcoming 5G network launch which is increasing
the requirement for mobile phone testing by the manufacturers of mobile phones.
The market of North America is also expected to flourish in the coming years.
The precision SMUs segment is expected to have a significant market share. The
growth is projected on account of growing technological advancements and
increased affordability of precision SMUs. With increased affordability of
precision SMUs, now they can be used for even low-level measurements. By
industry vertical, Automotive and IT & telecommunication segment are
expected to have a significant market share.
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