RoHS Tester Market Forecast and CAGR
RoHS test validates the performance of electronic products. Testing helps to detect apparatus that undergoes timely deprivation due to the exposure of the product to external instabilities like fluctuating environmental conditions, vibrations, and heat.
This analysis further helps to antedate perform calibration or equipment failure before any extensive damage. According to the latest research by Fact. MR., the demand for RoHS tester is projected to grow with a moderate during the forecast period.
The use of semiconductor devices is increasing rapidly. Designers, Engineers and OEM’s are converging radical semiconductor components having unique features such as sensors and robotics. Such electronics products are in demand from several industries, including automobiles and electronics.
With the rising demand for electronic products, such as mobile phones, smartwatches, washing machines, refrigerators, air conditioners, and flat-screen TVs it has become necessary to produce testing machines in large quantities.
According to the INVEST INDIA (National Investment Promotion & Facilitation Agency), the electronics market is projected to be more than US$ 2 trillion in the next 10 years (by 2031).
It has also been stated that in India, the electronic sector was valued at US$ 120 billion during the period of 2018-19, and the regional share in electronics manufacturing risen from 1.3% in 2012 to 3% in 2018. Rapid industrialization and urbanization are expected to further fuel the development of the market in the forecast period.
What is Driving Demand for RoHS Tester?
The demand for this product is mostly by the manufacturing companies and providers of professional services around the world. This is a multipurpose testing machine adopted by several professionals of multiple industries.
The developments in consumer electronics, computing, automotive, semiconductors, industrial, pharmaceutical, and energy devices among others are fueled by opportunities across industries There is escalating demand for RoHS testers from the electronics and automotive industry to address the trends related to autonomous driving and connected car.
The rising implementation of the product in the automobile sector for testing purposes is a foremost factor for driving the global evolution of the product. The testing integration is regarded as a critical module in the automotive manufacturer’s technological advancements.
Numerous other inventions in the automotive sector will also drive the necessity for RoHS testers, including EVs, wireless charging, and autonomous vehicles. The rise in the integration of independent braking systems and smart cameras will increase the demand for the product during the forecast period, thus, serving the growth in the forecast period.
The responsibility for electronic product testing resounds throughout the value chain, from the chip manufacturers to the automakers and product suppliers.
During the process of Research and Development in the electronic sector, most of the end-users use instrumentation from RoHS testing machine manufacturers. Electronic radar testing is conversely, projected to move into the industrial phase and produce significant opportunities for smaller manufacturers over the forecast period.
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The Electronic Industry Likely to Augment RoHS Tester Sales
Electronic products are extremely used among residential including security cameras, TV, fridge,s, etc. On one side, the contraction of electrical components is on the rise, whereas, on the other side, TV sets with wider sizes of the screen are attracting more people. Manufacturers are focusing more on developing convenient-to-use and high-performing devices owing to the rising consumer demand.
The digitalization and advent of technology are further likely to shove the demand for domestic appliances and electronic items. High production in the electronics sector can be accredited to pace up the demand for defense-related electronics, mobile phones, TVs, and advanced computers.
The trend of the electronic market commands the manufacturers to keep the product updated with the latest technologies, since it is eye-catching to typical customers, whereas technological features play an important role while selling the RoHS tester or any electronic products to the end-users.
North America RoHS Tester Market Outlook
The North American region is estimated to be compelled by the rising demand for RoHS testers from the telecommunications, IT, and healthcare sectors. With the rise in trends of using IoT (Internet of Things) technology in testing machines, there is a need for latency reduction and bandwidth improvement. The U.S. is one of the dynamic contributors in the alliance for commercializing the electronics sector throughout the country.
North America is home to many tier 1 companies including Bruker. Furthermore, the shift toward intelligent transportation systems and connected cars, along with rising demand in the healthcare industry for medical devices in the wake of COVID-19, is projected to drive the product market in the region.
Also, the presence of key companies offering different types of electronic testers in the region and the high demand for the product for various applications in the telecom and healthcare verticals fuel the growth in the North American region.
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Asia Pacific Demand Outlook for RoHS Tester
The Asia Pacific is the leading and exponentially developing region. The demand for RoHS testers is directly proportional to the rising industrialization, electronics, and automobile industry. The rising immigration of electronic manufacturers in the region activates the growing disposable income impelling the growth of the Asia Pacific region.
China dominates the highest regional consumption in the Asia-Pacific region as the major number of players including Dongguan Hongtuo instrument co., ltd offers numerous types of electronic testers in the region whereas, Japan is the early adopter of these products which allow supremacy for the Asia-Pacific region. Similarly, India is also ruling in the region due to various automobile projects being launched in the region.
The factors estimated to impulse the manufacturers in India are inclusive of, improvement in the ease of doing business, reduction of customs duties on components and raw materials, export incentives, and reduction in borrowing costs.
Who are the Key Manufacturers and Suppliers of RoHS Tester?
Taking the electronic sector into consideration, the erection of the RoHS Tester is consolidated as only a limited leading key player catering to the global demand. Across the globe,
- SGS Group
- Neo Instrument Company
- Lisun Electronics Inc
- Arihant Maxsell Technologies Private Limited.
- Anton Paar
- Dongguan Hongtuo Instrument Co. Ltd.
These manufacturers have conserved some inorganic and organic plans to maintain their shares globally. These key players are also targeting the advancement in the product.
Lisun Electronics Inc. is the most active company in the RoHS tester as it has many different types of testing machines to cater to the requirement of multiple industries. They are also planning to launch some new products to enhance their position in the RoHS tester market. Some of the leading suppliers are Qualitest, Environmental Expert, and others.
An Adaptive Approach to Modern-day Research Needs
RoHS Tester Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
By Device Type
By End Use Industry
- Electronics Industry
- Electrical Industry
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, UK, Benelux, and Rest of Europe.
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia.
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of the Middle East and Africa.
- North America
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments by device type, by end use industry and by geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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