Source Measure Unit Market Key Players Analysis and Growth Forecast by 2031

MARKET OVERVIEW

Source Measurement Unit or SMUs are the widely adopted components in the automated test systems in the semiconductor industry on account of the various features they provide. A SMU provides voltage sourcing as well as measurement resolution at or below 1mV, coupled with provisioning current sourcing as well as measurement resolution at or below 1µA. They also provision remote sensing capabilities for the endouser with power sinking capabilities. SMU is used widely for determining the IV characteristics of any semiconductor based device. Volumetric production of SMUs for the semiconductor industry to achieve lower economies of scale is one of the trends to observed in the coming years. 

MARKET SCOPE

The "Global Source Measurement Unit Market Analysis to 2031" is a specialized and inodepth study with a special focus on the global market trend analysis. The report aims to provide an overview of the source measurement unit market with detailed market segmentation by product, form factor, application, and geography. The report provides key statistics on the market status of the leading source measurement unit market players and offers key trends and opportunities in the market. 

MARKET SEGMENTATION

• Based on product, the global source measurement unit market is segmented into Generalopurpose SMU, Precision SMU, and Applicationospecific SMU. 
• On the basis of form factor , the market is segmented into benchtop and modular. 
• Based on application, the market is segmented into precision electronics, lightoemitting diodes, semiconductor devices, sensors, green energy products, and nanomaterial. 

MARKET DYNAMICS

Drivers

    

• Rising demands for smart as well as poweroefficient devices by the consumers and exponential adoptions of IoT by various industry verticals are expected to be one of the driving factors for the players in the source measure unit market. 
• The rise in the usage of source measure unit by the automotive industry is create further large opportunities for the players operating in the source measure unit market. 

Restraints

• High initial costs of source measure unit with higher maintenance costs of these systems is one factor that would hinder the future growth of the source measure unit market. 

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, AsiaoPacific (APAC), the Middle East and Africa (MEA), and South America. The source measurement unit market by each region is later subosegmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region. 
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i. e. , drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the source measurement unit market in these regions. 

IMPACT OF COVID-19 ON SOURCE MEASUREMENT UNIT MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, AsiaoPacific, and North America are affecting the business collaborations and partnerships opportunities. 

MARKET PLAYERS

The report covers key developments in the source measurement unit market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from source measurement unit market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market. 
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the source measurement unit market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years. 

• Advantest Corporation
• Chroma ATE Inc. 
• Fortive Corporation
• Keysight Technologies, Inc. 
• Premier Farnell Ltd
• Rohde and Schwarz GmbH and Co KG
• Teradyne Inc. 
• Texas Instruments Incorporated
• VX Instruments GmbH
• Yokogawa Electric Corporation

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study. 

Source Measure Unit Report Scope