According to Data Bridge Market Research new Market report, global source measure unit market will account to an estimated USD 748.59 million in 2018 growing at a CAGR of 8% during the forecast period of 2019 to 2026.
Global Source Measure Unit Market
Source measure unit (SMU) can be defined as a stabilizer of electronic supply provided to the electronic devices. It is a type of equipment that is used for measuring the required supply of power by the electronic devices and thus helping meet those requirements. They are also used as testing equipment because of their high accuracy in measuring the current, and therefore resulting in wide range of applications in electronic devices, electric vehicles, and major semiconductors.
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Global source measure unit market is segmented on the basis of type, form factor, application, end-user and geography.
By Type (Precision SMUs, General-Purpose SMUs, Application-Specific SMUs), Form Factor (Benchtop, Modular), Application (Semiconductor Devices, Sensors, Light-Emitting Diodes, Green Energy Products, Precision Electronics, Nanomaterials), End-User (IT & Telecommunications, Automotive, Healthcare, Aerospace & Defense, Process Industries) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
FACTORS DRIVING GROWTH IN SOURCE MEASURE UNIT MARKET
Rising demand of plug-in electric vehicles
According to EVvolumes.com – The Electric Vehicle World Sales Database; in the first half of 2018, an estimated 783,000 units of plug-in electric vehicles were dispatched. This number is an increase of around 66% over the first half of 2017. Presently, China is leading the other regions in terms of volumes with around 51% of total volume share. This rise in electric vehicles is directly and positively affecting the demand of source measure unit as the manufacturers of these electric vehicles use as it is used for achieving stability and helps in constant supply of current to the motor of electric vehicles.
Source measure units help maintain the consistent and stable power supply required by the motors of electric vehicles for their operations. They are highly accurate devices which make sure that the operation of electric vehicles is not halted or affected.
Few of the major competitors currently working in the source measure unit market are Keysight Technologies, Fortive, ROHDE&SCHWARZ, National Instruments, Yokogawa Electric Corporation, ADVANTEST CORPORATION, VIAVI Solutions Inc., CHROMA ATE INC., Teradyne Inc., VX Instruments GmbH, TEKTRONIX INC., Aemulus Corporation Sdn Bhd, Marvin Test Solutions Inc., Mouser Electronics Inc., PGP Electronics Private Limited, SHANGHAI YIHUA V&A INSTRUMENT CO.LTD., and OPTCOM Co. Ltd.
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