Home > > > Report Detail

Source Measure Unit Market by Form Factor (Benchtop and Modular), Application (Semiconductor Devices and Precision Electronics), End-User Industry (IT & Telecommunications, Automotive, and Process Industries), Type, and Geography - Global Forecast to 2023

Publisher Name :
Date: 24-May-2018
No. of pages: 131
Inquire Before Buying

“Demand for electronic testing equipment to fuel source measure unit market growth”

The source measure unit market is estimated to grow from USD 746.7 million in 2018 to USD 1,102.1 million by 2023, growing at a CAGR of 8.10% between 2018 and 2023. The market is growing due to the increasing demand for electronic testing equipment in end-user industries such as automotive, aerospace & defense, IT & telecommunications, education and government, process industries, and healthcare.
Output oscillations, ringing, overshoots, and poor transient response times are the drawbacks of source measure units in the case where the system configuration for the device under test is inappropriate. For instance, depending on the load capacitance, the current output voltage bandwidth needs to be selected carefully to avoid output oscillations and poor transient response.  

“Growing market for electric vehicles and plug-in hybrid electric vehicles propels source measure unit market growth”

The need for using the green and renewable resource is largely responsible for the increased adoption of electric vehicles in the recent years. Research, development, and deployment (RD&D), as well as mass production prospects, lead to the rapid decline in the battery cost and increase in energy density. An SMU allows EV manufacturers to simulate the voltage fluctuations of the electronic devices and sensors in the vehicle. SMUs will prove to be critical electronic equipment for the new and improved designs in the electric and plug-in hybrid electric vehicles.

“APAC and North America are the major markets for source measure units”

In 2017, APAC held the largest market share. Several OEMs and semiconductor device and product manufacturers are situated in Asia Pacific. The growing demand for source measure units is attributed to the increasing number of smart phones and continuous upgrading of next-generation telecommunication standards. Moreover, favorable regulatory policies for the approval of new semiconductor technologies and the saturation of the market in developed countries are further intensifying the interest of foreign players in expanding in Asia Pacific. The market in North America is expected to be driven by the demand from the telecommunications and aerospace & defense industries. Furthermore, the shift toward connected cars and intelligent transportation systems, along with the increasing demand for precision medical devices in the healthcare industry is expected to drive the source measure unit market in this region.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews have been conducted with key experts. The breakup of the profiles of primary participants is given below:


  • By Company Type: Tier 1 = 50%, Tier 2 = 33%, and Tier 3 = 17%

  • By Designation: C-Level Executives = 22%, Directors = 27%, and Others = 51%

  • By Region: North America = 20%, Europe = 40%, APAC = 10%, and RoW = 30%


Key players profiled in this report are Fortive Corporation (US), Rohde & Schwarz GmbH & Co KG (Germany), Keysight Technologies (US), Yokogawa Electric Corporation (Japan), and National Instruments Corporation (US).Some other companies operating in the source measure unit market are Advantest Corporation (Japan), Viavi Solution, Inc. (US), Chroma ATE Inc. (Taiwan), VX Instruments (Germany), and Teradyne (US).

Research Coverage

The report estimates the size and growth potential of the source measure unit market across segments such as type, form factor, application, end-user industry, and geography. Furthermore, the report includes market dynamics and the competitive analysis of the key players in the market, along with their company profiles and recent developments.

Key Benefits of Buying This Report

The report would help leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the source measure unit market segments and sub segments. This report would help stakeholders better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. This report also helps stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

Source Measure Unit Market by Form Factor (Benchtop and Modular), Application (Semiconductor Devices and Precision Electronics), End-User Industry (IT & Telecommunications, Automotive, and Process Industries), Type, and Geography - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Scope of the Study
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Year Considered for the Study
1.4 Currency and Pricing
1.5 Package Size
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Sources
2.1.2.2 Breakdown of Primaries
2.1.2.3 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
2.5 Scope of the Report

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Source Measure Unit Market
4.2 Benchtop Source Measure Unit Market, By Application
4.3 Source Measure Unit Market, By End-User Industry and Country
4.4 Source Measure Unit Market, By Country

5 Market Overview
5.1 Introduction
5.2 Major Clustering of Product Category
5.2.1 Performance
5.2.2 Precision
5.2.3 Power Range
5.2.4 Quadrant
5.2.4.1 Analysis of Product Competitiveness
5.3 Value Chain Analysis
5.3.1 Research & Development
5.3.2 Manufacturing and Assembly
5.3.3 Distribution and End Users
5.3.4 Post-Sales Services
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Rising Adoption of Source Measure Units Owing to Their High Level of Integration and Remarkable Flexibility
5.4.1.2 Growing Market for Electric Vehicles (Evs) and Plug-In Hybrid Electric Vehicles (Phevs)
5.4.1.3 Continuously Evolving Solutions for Test and Measurement of Power Electronics and Passive Components
5.4.1.4 Growing IoT Market Leverage SMUs for Device Testing
5.4.2 Restraints
5.4.2.1 Output Oscillations, Overshoots, and Poor Transient Response
5.4.3 Opportunities
5.4.3.1 Adoption of High-Density SMUs for Testing
5.4.4 Challenges
5.4.4.1 Impact of Strong Rf Electromagnetic Field on the Accuracy of SMUs
5.4.4.2 Increased Adoption of Rental and Leasing Services
5.5 Megatrends

6 Source Measure Unit Market, By Type
6.1 Introduction
6.2 Precision Source Measure Units
6.3 General-Purpose Source Measure Units
6.4 Application-Specific Source Measure Units

7 Source Measure Unit Market, By Form Factor
7.1 Introduction
7.2 Benchtop
7.3 Modular

8 Source Measure Unit Market, By Application
8.1 Introduction
8.2 Semiconductor Devices
8.3 Sensors
8.4 Light-Emitting Diodes
8.5 Green Energy Products
8.6 Precision Electronics
8.7 Nanomaterials

9 Source Measure Unit Market, By End-User Industry
9.1 Introduction
9.2 IT and Telecommunications
9.3 Automotive
9.4 Healthcare
9.5 Aerospace & Defense
9.6 Education and Government
9.7 Process Industries

10 Geographic Analysis of Source Measure Unit Market
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of APAC
10.5 Rest of the World (RoW)
10.5.1 Middle East & Africa
10.5.2 South America

11 Competitive Landscape
11.1 Overview
11.2 Source Measure Unit Market Analysis
11.3 Competitive Situations and Trends
11.3.1 Product Launches and Developments
11.3.2 Acquisitions

12 Company Profiles
12.1 Introduction
12.2 Keysight
12.2.1 Business Overview
12.2.2 Keysight: Financial Performance
12.2.2.1 Financial Performance (2013–2017)
12.2.2.1.1 Financial Overview Analysis
12.2.2.2 R&D Analysis
12.2.3 Products Offered
12.2.3.1 Product Offering Analysis
12.2.3.2 Sales Strategy
12.2.4 Recent Developments
12.2.5 SWOT Analysis
12.2.6 MnM View and Future Strategy
12.3 Fortive
12.3.1 Business Overview
12.3.2 Fortive: Financial Performance
12.3.2.1 Financial Performance (2013–2017)
12.3.2.1.1 Financial Overview Analysis
12.3.2.2 R&D Analysis
12.3.3 Products Offered
12.3.3.1 Product Offering Analysis
12.3.3.2 Sales Strategy
12.3.4 Recent Developments
12.3.5 SWOT Analysis
12.3.6 MnM View & Future Strategy
12.4 Rohde & Schwarz
12.4.1 Business Overview
12.4.1.1 Financial Overview Analysis
12.4.1.2 R&D Analysis
12.4.2 Products Offered
12.4.2.1 Product Offering Analysis
12.4.2.2 Sales Strategy
12.4.3 SWOT Analysis
12.4.4 MnM View and Future Strategy
12.5 National Instruments
12.5.1 Business Overview
12.5.2 National Instruments: Financial Performance
12.5.2.1 Financial Performance (2013–2017)
12.5.2.1.1 Financial Overview Analysis
12.5.2.2 R&D Analysis
12.5.3 Products Offered
12.5.3.1 Product Offering Analysis
12.5.3.2 Sales Strategy
12.5.4 Recent Developments
12.5.5 SWOT Analysis
12.5.6 MnM View and Future Strategy
12.6 Yokogawa Electric
12.6.1 Business Overview
12.6.2 Yokogawa: Financial Performance
12.6.2.1 Financial Performance (2013–2017)
12.6.2.1.1 Financial Overview Analysis
12.6.2.2 R&D Analysis
12.6.3 Products Offered
12.6.3.1 Product Offering Analysis
12.6.3.2 Sales Strategy
12.6.4 Recent Developments
12.6.5 MnM View and Future Strategy
12.7 Advantest
12.7.1 Business Overview
12.7.2 Products Offered
12.7.3 Recent Developments
12.7.4 SWOT Analysis
12.7.5 MnM View
12.8 Viavi
12.8.1 Business Overview
12.8.2 Products Offered
12.8.3 Recent Developments
12.8.4 MnM View
12.9 Chroma
12.9.1 Business Overview
12.9.2 Products Offered
12.9.3 Recent Developments
12.9.4 MnM View
12.10 Teradyne
12.10.1 Business Overview
12.10.2 Products Offered
12.10.3 MnM View
12.11 Vx Instruments
12.11.1 Business Overview
12.11.2 Products Offered
12.11.3 MnM View

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details

List of Tables

Table 1 Source Measure Unit Market, By Type, 2015–2023 (USD Million)
Table 2 Source Measure Unit Market, By Form Factor, 2015–2023 (USD Million)
Table 3 Source Measure Unit Market, By Form Factor, 2015–2023 (Thousand Units)
Table 4 Benchtop Source Measure Unit Market, By Application, 2015–2023 (USD Million)
Table 5 Modular Source Measure Unit Market, By Application, 2015–2023 (USD Million)
Table 6 Source Measure Unit Market, By Application, 2015–2023 (USD Million)
Table 7 Source Measure Unit Market for Semiconductor Devices, By Form Factor, 2015–2023 (USD Million)
Table 8 Source Measure Unit Market for Sensors, By Form Factor, 2015–2023 (USD Million)
Table 9 Source Measure Unit Market for Light-Emitting Diodes, By Form Factor, 2015–2023 (USD Million)
Table 10 Source Measure Unit Market for Green Energy Products, By Form Factor, 2015–2023 (USD Million)
Table 11 Source Measure Unit Market for Precision Electronics, By Form Factor, 2015–2023 (USD Million)
Table 12 Source Measure Unit Market for Nanomaterials, By Form Factor, 2015–2023 (USD Million)
Table 13 Source Measure Unit Market, By End-User Industry, 2015–2023 (USD Million)
Table 14 Source Measure Unit Market for IT & Telecommunications, By Region, 2015–2023 (USD Million)
Table 15 Source Measure Unit Market for Automotive, By Region, 2015–2023 (USD Million)
Table 16 Source Measure Unit Market for Healthcare, By Region, 2015–2023 (USD Million)
Table 17 Source Measure Unit Market for Aerospace & Defense, By Region, 2015–2023 (USD Million)
Table 18 Source Measure Unit Market Size for Education & Government, By Region, 2015–2023 (USD Million)
Table 19 Source Measure Unit Market for Process Industries, By Region, 2015–2023 (USD Million)
Table 20 Global Source Measure Unit Market, By Region, 2015–2023 (USD Million)
Table 21 Source Measure Unit Market in North America, By Country, 2015–2023 (USD Million)
Table 22 Source Measure Unit Market in North America, By End-User Industry, 2015–2023 (USD Million)
Table 23 Source Measure Unit Market in Europe, By Country, 2015–2023 (USD Million)
Table 24 Source Measure Unit Market in Europe, By End-User Industry, 2015–2023 (USD Million)
Table 25 Source Measure Unit Market in APAC, By Country, 2015–2023 (USD Million)
Table 26 Source Measure Unit Market in APAC, By End-User Industry, 2015–2023 (USD Billion)
Table 27 Source Measure Unit Market in RoW, By Region, 2015–2023 (USD Million)
Table 28 Source Measure Unit Market in RoW, By End-User Industry, 2015–2023 (USD Million)
Table 29 Product Launches and Developments, 2015–2018
Table 30 Acquisitions, 2015–2018

List of Figures

Figure 1 Markets Covered
Figure 2 Research Flow
Figure 3 Research Design
Figure 4 Data Triangulation
Figure 5 Benchtop SMU to Dominate Market During Forecast Period
Figure 6 Precision Source Measure Units to Hold Largest Market Size By 2023
Figure 7 Process Industries Expected to Be Major End Users of Source Measurement Units Between 2018 and 2023
Figure 8 Semiconductor Devices Application to Hold Largest Market Size By 2023
Figure 9 Market in APAC Expected to Grow at Highest CAGR During Forecast Period
Figure 10 High Adoption of Source Measure Units for Semiconductor Devices Application to Offer Attractive Market Opportunities During Forecast Period
Figure 11 Semiconductor Devices Application to Hold Largest Share of Bench SMU Market in 2018
Figure 12 US to Hold Largest Share of Source Measure Unit Market in 2018
Figure 13 China to Hold Second-Largest Share of the Source Measure Unit Market in 2018
Figure 14 Source Measure Unit (SMU) Features and Benefits
Figure 15 Overview of Product Competitiveness
Figure 16 Value Chain: Source Measure Unit Market
Figure 17 Market Dynamics
Figure 18 IoT Device Volume Growth, 2015 vs 2020 (Million Units)
Figure 19 Mega Trends: Source Measure Unit Market
Figure 20 Source Measure Unit Market Segmentation, By Type
Figure 21 Source Measure Unit Market, By Type, 2018 & 2023
Figure 22 Source Measure Unit Market Segmentation, By Form Factor
Figure 23 Benchtop Source Measure Units to Hold Larger Market Size During 2016–2018
Figure 24 Source Measure Unit Market Segmentation, By Application
Figure 25 Process Industries Segment Accounted for Largest Size of Source Measure Unit Market in 2017
Figure 26 APAC to Emerge as Key Growth Region for Source Measure Unit Market During Forecast Period
Figure 27 APAC Region to Witness Highest CAGR in Source Measure Unit Market During Forecast Period
Figure 28 Source Measure Unit Market Snapshot in North America
Figure 29 Source Measure Unit Market Snapshot in Europe
Figure 30 Source Measure Unit Market Snapshot in APAC
Figure 31 Market Share Analysis of Key Players in Source Measure Unit Market, 2016
Figure 32 Market Evolution Framework
Figure 33 Keysight: Company Snapshot
Figure 34 Fortive: Company Snapshot
Figure 35 Rohde & Schwarz: Company Snapshot
Figure 36 National Instruments: Company Snapshot
Figure 37 Yokogawa Electric: Company Snapshot
Figure 38 Advantest: Company Snapshot
Figure 39 Viavi: Company Snapshot
Figure 40 Chroma: Company Snapshot
Figure 41 Teradyne: Company Snapshot

  • Global Single Mode Lasers Market Insights and Forecast to 2029
    Published: 11-Jan-2024        Price: US 3350 Onwards        Pages: 136
    The global market for Single Mode Lasers was estimated at US$ 975.12 million in the year 2022, is projected to reach a revised size of US$ 1,709.77 million by 2029, growing at a CAGR of 8.69 % during the forecast period 2023-2029. North American market for Single Mode Lasers was valued at $ 165.28 million in 2022 and will reach $ 271.51 million by 2029, at a CAGR of 7.50 % during the forecast period of 2023 through 2029. Asia-Pacific market for Single Mode Lasers was valued at $ 59......
  • Global RF Power Supply for Semiconductor Market Report, History and Forecast 2018-2029
    Published: 11-Jan-2024        Price: US 4850 Onwards        Pages: 193
    The global market for RF Power Supply for Semiconductor was estimated at US$ 1012 million in the year 2022, is projected to reach a revised size of US$ 1323 million by 2029, growing at a CAGR of 6.16% during the forecast period 2023-2029. North American market for RF Power Supply for Semiconductor was valued at $ 220 million in 2022 and will reach $ 282 million by 2029, at a CAGR of 5.85% during the forecast period of 2023 through 2029. Asia-Pacific market for RF Power Supply for S......
  • Global Non-Contact Dynamic Torque Sensor Market Report, History and Forecast 2018-2029
    Published: 11-Jan-2024        Price: US 3350 Onwards        Pages: 198
    The global market for Non-Contact Dynamic Torque Sensor was estimated at US$ 58.31 million in the year 2022, is projected to reach a revised size of US$ 96.9 million by 2029, growing at a CAGR of 7.81% during the forecast period 2023-2029. North American market for Non-Contact Dynamic Torque Sensor was valued at $ 23.56 million in 2022 and will reach $ 37.86 million by 2029, at a CAGR of 7.27% during the forecast period of 2023 through 2029. Asia-Pacific market for Non-Contact Dyna......
  • Global Bitcoin Miner Market Research Report 2023
    Published: 11-Jan-2024        Price: US 2900 Onwards        Pages: 144
    The global Bitcoin Miner market was valued at US$ 11,546.70 million in 2022 and is expected to reach US$ 23,842.76 million by the end of 2029, growing at a CAGR of 26.7% between 2023 and 2029. The demand for Bitcoin Miner depends on various factors such as the current Bitcoin price, mining difficulty, and availability of newer and more efficient ASIC miners. When Bitcoin prices rise, there is usually an increase in demand for mining hardware as miners seek to increase their profits......
  • Global Brushless AC Motor Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 103
    The global Brushless AC Motor market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during The forecast period 2024-2030. North American market for Brushless AC Motor is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during The forecast period of 2024 through 2030. Asia-Pacific market for Brushless AC Motor is estimated to increase from $ million in 2023 to reach $ million by 2......
  • Global High Intensity Discharge (HID) Lamps Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 116
    The global High Intensity Discharge (HID) Lamps market was valued at US$ 6405.5 million in 2023 and is anticipated to reach US$ 7607.6 million by 2030, witnessing a CAGR of 2.5% during The forecast period 2024-2030. North American market for High Intensity Discharge (HID) Lamps is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during The forecast period of 2024 through 2030. Asia-Pacific market for High Intensity Discharge (HID) Lamps ......
  • Global Indoor Plant Lighting Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 114
    The global Indoor Plant Lighting market was valued at US$ 806 million in 2023 and is anticipated to reach US$ 1137.9 million by 2030, witnessing a CAGR of 4.9% during The forecast period 2024-2030. Indoor plant lighting refers to The use of artificial light sources to provide The necessary light spectrum for The growth of plants indoors, especially in environments where natural sunlight is limited. This is commonly used for growing plants like houseplants, herbs, and even some veget......
  • Global Aquarium Lights Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 131
    The global Aquarium Lights market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during The forecast period 2024-2030. North American market for Aquarium Lights is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during The forecast period of 2024 through 2030. Asia-Pacific market for Aquarium Lights is estimated to increase from $ million in 2023 to reach $ million by 2030, at a......
  • Global LED Aquarium Lighting Market Research Report 2024
    Published: 10-Jan-2024        Price: US 2900 Onwards        Pages: 128
    Aquarium light is also called water plants grow light, which is a new emerging light tool instead of sunshine in The last 5 years. According to The law of water plant growth, aquarium light can meet The light needs of many water plants. What's more, this lighting tool can provide The best lighting solution for aquarium, fish view. The global LED Aquarium Lighting market was valued at US$ 200 million in 2023 and is anticipated to reach US$ 283.4 million by 2030, witnessing a CAGR of ......
    • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - [email protected] / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs