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“The PXI SMU market is projected to grow at a CAGR of 16.5% from 2019 to 2024.”
The global PXI SMU market size is projected to reach USD 267 million by 2024, from an estimated value of USD 124 million in 2019, growing at a CAGR of 16.5% during the forecast period. A PXI source measure unit is multi-function equipment that combines functions of a digital multimeter (DMM), power supply, current source, electronic load, and pulse generator, all in a compact form factor.
PXI SMU market growth is directly proportional to the development of the testing & measurement markets, which are influenced by expanding research & development activities, inclination towards semiconductor & batteries testing in the IoT devices, and the trend of testing & measurement becoming an integral factor for meeting safety compliance standards.
“The above 4 channel applications segment is expected to grow at the highest CAGR from 2019 to 2024.”
12 and 24 channels count are considered as the above 4 channel segment. These are high-density PXI SMUs and are used explicitly for 5G applications. High-density PXI SMU provides six times more DC channel density than 1 and 4 channel PXI SMUs for testing RF, MEMS, and mixed-signal and other analog semiconductor components. Also, it is a low-cost way to increase the channel count of expensive instrumentation while increasing the flexibility and repeatability of test measurements. The above 4 channel PXI SMU segment is expected to grow at the highest CAGR in the PXI SMU market during the forecast period.
“IT & telecommunication: The largest end-user for PXI SMU”
The increasing use of smartphones is continuously creating opportunities for the telecom sub-sectors, including wireless broadband carriers, network equipment companies, and device manufacturers. Also, the successful trials of 5G networks across regions such as North America, Europe and some countries in Asia Pacific will continue to fuel the growth of the telecom & IT sector. Drive-testing plays an essential role in creating and maintaining a strong GSM network. In the mobile communication system, drive testing should be used to collect real-time RF information from the field. This is where PXI SMUs come into play as these are high speed and accurate functioning source measure units that can help in producing real-time information.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as assess future prospects of the PXI SMU market. The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 60%, Tier 2- 25%, Tier 3- 15%
- By Designation: C-Level Executive- 35%, Director Level- 25%, Others- 40%
- By Region: Europe- 35%, North America- 25%, Asia Pacific- 20%, Middle East & Africa- 15%, and South America- 5%
Note: Others* include sales managers, engineers, and regional managers.
Note: Tier 1 Company?Revenue > USD 1 billion, Tier 2 Company?Revenue between USD 500 million and USD 1 million, and Tier 3 Company?Revenue < USD 500 million
The key players operating in the PXI SMU market include National Instruments (US), Keysight Technologies (US), Chroma ATE (Taiwan), VX Instruments (Germany), Marvin Test Solutions (US), and LitePoint a Teradyne Company (US).
The report provides a picture of the PXI SMU market and its segments across industries and regions. It aims at estimating the market size and future growth potential of the market across different segments such as channel, application, end-user, and region. Furthermore, the report includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.
Why buy this report?
- The report identifies and addresses the key markets for PXI SMU, which would help OEMs review the growth in demand for the product.
- The report helps solutions providers understand the pulse of the market and provides insight into drivers, restraints, and challenges.
- The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.