Digital Multimeter Market By Type (Handheld, Benchtop, Mounted), By Ranging Type (Auto-ranging, Manual), By Application (Automotive, Energy, Consumer Electronics & Appliances, Medical Equipment Manufacturing, Others) - Growth, Future Prospects, and Competitive Analysis, 2019 - 2027
Key Market Insights
“Rising electric vehicles penetration worldwide will boost market growth”
The global digital multimeter market is rising significantly, anticipated to expand at a CAGR of 4.5% during the estimated period from 2019 to 2027, starting from US$ 910.8 Mn in 2018.
The rising electric vehicle penetration along with the surge in demand for digital multimeters across the globe are the major factors projected to drive the global market growth over the forecast period. The increased penetration of electronic devices worldwide coupled with the low cost & versatility of digital multimeter is another major factor projected to enhance the market growth over the forecast period. The surge in application-specific product development by manufacturers and the addition of new features is another major factor for market growth during the forecast period. The growing adoption of industry 4.0 and AI (artificial intelligence) are some other factors for market growth over the projected period. However, the need for periodic recalibration along with competition from local manufactures are some of the market restraints projected to hinder the digital multimeter market growth over the forecast period.
Application Analysis
“Growing electronic vehicles demand to spur the automotive segment growth”
Based on application, the segment is bifurcated into automotive, energy, consumer electronics & appliances, medical equipment manufacturing, and others. The automotive segment is projected to grow at a rapid pace during the forecast period. The growing demand for electronic vehicles and autonomous vehicles from Europe, North America, and the Asia Pacific is projected to drive the segment growth during the forecast period. The growing penetration of electronic devices in non-electric vehicles is another major factor for the segment growth in the years to come. Therefore, the segment is projected to grow with the fastest CAGR over the forecast period.
Regional Analysis
“The rising penetration of digital multimeter to spur the Asia Pacific growth”
The Asia Pacific dominated the global digital multimeter market in 2018 and accounted for more than 1/3rd of the market share in the same year. The rising penetration of digital multimeter coupled with the availability of raw material and low -cost labor are the major factors for regional growth. The presence of major market players such as Yokogawa Electric Corporation, Sanwa Electric Instrument Co. Ltd., and others is another major factor for regional growth over the forecast period. The rising demand for electronic vehicles in the region along with increased investments in the defense sector are some other major factors for regional growth in years to come. Hence, the Asia Pacific is projected to dominate the global market during the forecast period.
Key Industry Developments:
- In May 2019, Good Will Instrument Co., Ltd. and its subsidiary Texio, Japan announced a new “LLP (Limited Liability Partnership in India).” With the introduction of the Indian subsidiary, Good Will Instrument Co., Ltd. is projected to enhance its geographic presence in the electronic test & instruments in the Asia Pacific region.
List of Companies Covered:
- Yokogawa Electric Corporation
- Keysight Technologies
- National Instruments Corporation
- Gossen Metrawatt
- Keithley Instruments (Tektronix, Inc.)
- Fluke Corporation
- FLIR Systems, Inc.
- B&K Precision
- CHAUVIN ARNOUX Group
- Sanwa Electric Instrument Co., Ltd.
- Kyoritsu Electrical Instruments Works Ltd.
- Rohde & Schwarz GmbH & Co KG
- LeCroy Corporation
- Good Will Instrument Co., Ltd.
Historical & Forecast Period
This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.
Market Segmentation
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | US$ Million |
| Segmentation |
Type (2017–2027; US$ Mn) |
|
Ranging Type (2017–2027; US$ Mn) |
|
|
Application (2017–2027; US$ Mn) |
|
|
Geography Segment (2017–2027; US$ Mn) |
The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better market understanding of the overall digital multimeter market. Additionally, the global report also comprises a graphical representation of a competitive landscape based on their market initiatives and strategies, product portfolio, and business strengths.
Key questions answered in this report
- What are the current market trends and dynamics in the digital multimeter market and valuable opportunities for emerging players?
- Which segment accounts for the fastest CAGR during the forecast period?
- What are the drivers of the digital multimeter market?
- Notable developments going on in the digital multimeter market.
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- A comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Digital Multimeter (DM) Market
2.2. Global DM Market, by Type, 2018 (US$ Mn)
2.3. Global DM Market, by Ranging Type, 2018 (US$ Mn)
2.4. Global DM Market, by Application, 2018 (US$ Mn)
2.5. Global DM Market, by Geography, 2018 (US$ Mn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global DM Market Value, 2017-2027, (US$ Mn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Digital Multimeter (DM) Market, by Type , 2017-2027 (US$ Mn)
4.1. Overview
4.2. Handheld
4.3. Benchtop
4.4. Mounted
5. Global Digital Multimeter (DM) Market, by Ranging Type , 2017-2027 (US$ Mn)
5.1. Overview
5.2. Auto-ranging
5.3. Manual
6. Global Digital Multimeter (DM) Market, by Application , 2017-2027 (US$ Mn)
6.1. Overview
6.2. Automotive
6.3. Energy
6.4. Consumer Electronics & Application
6.5. Medical Equipment Manufacturing
6.6. Others
7. North America Digital Multimeter (DM) Market Analysis, 2017-2027 (US$ Mn)
7.1. Overview
7.1.1. North America DM Market Value and Growth, 2017-2027, (US$ Mn)
7.2. North America DM Market Value, By Type, 2017-2027 (US$ Mn)
7.2.1. Market Analysis
7.3. North America DM Market Value, By Ranging Type, 2017-2027 (US$ Mn)
7.3.1. Market Analysis
7.4. North America DM Market Value, By Application, 2017-2027 (US$ Mn)
7.4.1. Market Analysis
7.5. North America DM Market Value, By Region/Country, 2017-2027 (US$ Mn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America
8. Europe Digital Multimeter (DM) Market Analysis, 2017-2027 (US$ Mn)
8.1. Overview
8.1.1. Europe DM Market Value and Growth, 2017-2027, (US$ Mn)
8.2. Europe DM Market Value, By Type, 2017-2027 (US$ Mn)
8.2.1. Market Analysis
8.3. Europe DM Market Value, By Ranging Type, 2017-2027 (US$ Mn)
8.3.1. Market Analysis
8.4. Europe DM Market Value, By Application, 2017-2027 (US$ Mn)
8.4.1. Market Analysis
8.5. Europe DM Market Value, By Region/Country, 2017-2027 (US$ Mn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe
9. Asia Pacific Digital Multimeter (DM) Market Analysis, 2017-2027 (US$ Mn)
9.1. Overview
9.1.1. Asia Pacific DM Market Value and Growth, 2017-2027, (US$ Mn)
9.2. Asia Pacific DM Market Value, By Type, 2017-2027 (US$ Mn)
9.2.1. Market Analysis
9.3. Asia Pacific DM Market Value, By Ranging Type, 2017-2027 (US$ Mn)
9.3.1. Market Analysis
9.4. Asia Pacific DM Market Value, By Application, 2017-2027 (US$ Mn)
9.4.1. Market Analysis
9.5. Asia Pacific DM Market Value, By Region/Country, 2017-2027 (US$ Mn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific
10. Rest of the World Digital Multimeter (DM) Market Analysis, 2017-2027 (US$ Mn)
10.1. Overview
10.1.1. Rest of the World DM Market Value and Growth, 2017-2027, (US$ Mn)
10.2. Rest of the World DM Market Value, By Type, 2017-2027 (US$ Mn)
10.2.1. Market Analysis
10.3. Rest of the World DM Market Value, By Ranging Type, 2017-2027 (US$ Mn)
10.3.1. Market Analysis
10.4. Rest of the World DM Market Value, By Application, 2017-2027 (US$ Mn)
10.4.1. Market Analysis
10.5. Rest of the World DM Market Value, By Region, 2017-2027 (US$ Mn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America
11. Company Profiles
11.1. Yokogawa Electric Corporation
11.2. Keysight Technologies
11.3. National Instruments Corporation
11.4. Gossen Metrawatt
11.5. Keithley Instruments (Tektronix, Inc.)
11.6. Fluke Corporation
11.7. FLIR Systems, Inc.
11.8. B&K Precision
11.9. CHAUVIN ARNOUX Group
11.10. Sanwa Electric Instrument Co., Ltd.
11.11. Kyoritsu Electrical Instruments Works Ltd.
11.12. Rohde & Schwarz GmbH & Co KG
11.13. LeCroy Corporation
11.14. Good Will Instrument Co., Ltd.
* DM - Digital Multimeter
TABLE 1 Market Snapshot: Global Digital Multimeter (DM) Market
TABLE 2 Global DM Market, by Type, 2017–2027 (US$ Mn)
TABLE 3 Global DM Market, by Ranging Type, 2017–2027 (US$ Mn)
TABLE 4 Global DM Market, by Application, 2017–2027 (US$ Mn)
TABLE 5 Global DM Market, by Geography, 2017–2027 (US$ Mn)
TABLE 6 North America DM Market, by Type, 2017–2027 (US$ Mn)
TABLE 7 North America DM Market, by Ranging Type, 2017–2027 (US$ Mn)
TABLE 8 North America DM Market, by Application, 2017–2027 (US$ Mn)
TABLE 9 North America DM Market, by Country, 2017–2027 (US$ Mn)
TABLE 10 Europe DM Market, by Type, 2017–2027 (US$ Mn)
TABLE 11 Europe DM Market, by Ranging Type, 2017–2027 (US$ Mn)
TABLE 12 Europe DM Market, by Application, 2017–2027 (US$ Mn)
TABLE 13 Europe DM Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 14 Asia Pacific DM Market, by Type, 2017–2027 (US$ Mn)
TABLE 15 Asia Pacific DM Market, by Ranging Type, 2017–2027 (US$ Mn)
TABLE 16 Asia Pacific DM Market, by Application, 2017–2027 (US$ Mn)
TABLE 17 Asia Pacific DM Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 18 RoW DM Market, by Type, 2017–2027 (US$ Mn)
TABLE 19 RoW DM Market, by Ranging Type, 2017–2027 (US$ Mn)
TABLE 20 RoW DM Market, by Application, 2017–2027 (US$ Mn)
TABLE 21 RoW DM Market, by Country/Region, 2017–2027 (US$ Mn)
TABLE 22 Yokogawa Electric Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 23 Keysight Tecnologies: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 24 National Instruments Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Gossen Metrawatt: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Keithley Instruments (Tektronix, Inc.): Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 Fluke Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Flir Systems, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 B&K Precision : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 30 CHAUVIN ARNOUX Group: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 31 Sanwa Electric Instrument Co., Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 32 Kyoritsu Electrical Instruments Works Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 33 Rohde & Schwarz GmbH & Co. KG: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 34 LeCroy Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 35 Good Will Instrument Co. Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
FIG. 1 Global Digital Multimeter (DM) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global DM Market Segmentation
FIG. 4 Global DM Market, by Type, 2018 (US$ Mn)
FIG. 5 Global DM Market, by Ranging Type, 2018 (US$ Mn)
FIG. 6 Global DM Market, by Application, 2018 (US$ Mn)
FIG. 7 Global DM Market, by Geography, 2018 (US$ Mn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key DM Market Manufacturers, 2018
FIG. 10 Global DM Market Value Contribution, By Type, 2018 & 2027 (Value %)
FIG. 11 Global DM Market, by Handheld, Value, 2017–2027 (US$ Mn)
FIG. 12 Global DM Market, by Benchtop, Value, 2017–2027 (US$ Mn)
FIG. 13 Global DM Market, by Mounted, Value, 2017–2027 (US$ Mn)
FIG. 14 Global DM Market Value Contribution, By Ranging Type, 2018 & 2027 (Value %)
FIG. 15 Global DM Market, by Auto-ranging, Value, 2017–2027 (US$ Mn)
FIG. 16 Global DM Market, by Manual, Value, 2017–2027 (US$ Mn)
FIG. 17 Global DM Market Value Contribution, By Application, 2018 & 2027 (Value %)
FIG. 18 Global DM Market, by Automotive, Value, 2017–2027 (US$ Mn)
FIG. 19 Global DM Market, by Energy, 2017–2027 (US$ Mn)
FIG. 20 Global DM Market, by Consumer Electronics & Applicances, 2017–2027 (US$ Mn)
FIG. 21 Global DM Market, by Medical Equipement Manufacturing, Value, 2017–2027 (US$ Mn)
FIG. 22 Global DM Market, by Others, Value, 2017–2027 (US$ Mn)
FIG. 23 U.S. DM Market, 2017–2027 (US$ Mn)
FIG. 24 Canada DM Market, 2017–2027 (US$ Mn)
FIG. 25 U.K. DM Market, 2017–2027 (US$ Mn)
FIG. 26 Germany DM Market, 2017–2027 (US$ Mn)
FIG. 27 France DM Market, 2017–2027 (US$ Mn)
FIG. 28 Italy DM Market, 2017–2027 (US$ Mn)
FIG. 29 Rest of Europe DM Market, 2017–2027 (US$ Mn)
FIG. 30 Japan DM Market, 2017–2027 (US$ Mn)
FIG. 31 China DM Market, 2017–2027 (US$ Mn)
FIG. 32 India DM Market, 2017–2027 (US$ Mn)
FIG. 33 Rest of Asia Pacific DM Market, 2017–2027 (US$ Mn)
FIG. 34 Middle East & Africa DM Market, 2017–2027 (US$ Mn)
FIG. 35 Latin America DM Market, 2017–2027 (US$ Mn)
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